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May 21, 2013  Tue 7:26 AM CT

HD: SEE CHART GET CHAIN FIND STRATEGIES

Earnings, Sales Beat Expectations

Home Depot earned $0.83 a share in the first quarter, better than the $0.77 expected by analysts. Sales of $19.12 billon also beat the $18.68 billion consensus estimate, and management raised full-year guidance thanks to the strong housing market. HD climbs 3 percent before the bell on my tradeMONSTER platform.

Kosmos Abandons Cameroon Oil Well

Kosmos Energy announced results from its Sipo-1 exploration well in Cameroon, and the news isn't good. The company "failed to encounter commercial reservoirs" and is abandoning the effort. It will also take a $75 million expense in the second-quarter. KOS drops more than 8 percent in early trading.

Phase III Data Lifts AcelRx

AcelRx Pharmaceuticals reported that its Sufentanil NanoTab pain drug reached the primary endpoint in a Phase 3 trial. Management plans to seek approval for the product in the third quarter. ACRX is up 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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