Options Trading News

November 21, 2012  Wed 7:24 AM CT

High Margin Products Take A Hit

Scholastic lowered its guidance for the current fiscal year. It now expects to earn no more than $1.60 a share, compared with previous guidance of $2.20 to $2.40. Revenue will also miss expectations, but the real problem is that schools are spending less on high-margin products. SCHL craters by 21 percent before the bell on my tradeMONSTER platform

Deere Squeezed by Higher Costs

Deere reported fourth-quarter earnings of $1.75 a share well below the $1.88 average analyst estimate. Revenue beat expectations, but higher costs squeezed profits, and DE is lower by about 2.5 percent in the premarket.

Cirrus Logic Climbs on Buyback Plan

Cirrus Logic announced a $200 million stock buyback. That's about 10 percent of the company's market cap, and CRUS is popping by more than 6 percent before the bell.
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As I stated in last week's article, a break out or a break down needs to have a couple things happen before it is considered a confirmed break out or break down. The only problem is that in today's market where things move much more quicker than they did just a few years ago, two days could wind up being the majority of the expected movement, if not the whole movement.

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