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May 23, 2013  Thu 7:24 AM CT

HPQ: SEE CHART GET CHAIN FIND STRATEGIES

Hewlett-Packard earned $0.87 a share in the second quarter, while analysts had only expected $0.81. Revenue missed, but management raised its full-year outlook as cost cuts boost profitability. The company is also shifting its focus toward corporate services and away from the shrinking PC market. HPQ surges 12 percent before the bell on my tradeMONSTER platform.

PetSmart earned $0.98 a share, beating the $0.96 average analyst estimate. Revenue missed for the quarter, but sales projections for the full year were raised. PETM climbs almost 3 percent in the premarket.

Pacific Sunwear of California reported first-quarter sales of $169.84 million, better than the $164.2 million consensus number. Outlook for the full year was also higher than expected, with revenue seen at $209 million to 219 million. PSUN climbs 14 percent in early trading.

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Market Level Making You Nervous, Huh? Part 3

In last week's article, we discussed how important the extra cash you save by using the Stock Replacement Strategy over buying the actual stock is! That extra cash in our account instead of being unnecessarily tied up in a stock position allows us to buy the puts we would need to protect our downside in the case of a major sell-off.

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