Options Trading News

January 22, 2013  Tue 7:36 AM CT

May Sell, License Assets

The good news continues for Research In Motion! Today, the CEO is telling a German newspaper that the company may sell its handset business or license its software to rivals. That has RIMM up 6 percent before the bell on my tradeMONSTER platform.

Travelers Crushes Estimates

Analysts had worried about hurricane Sandy hurting results at Travelers, but the hit wasn't nearly as bad as feared. Profit was $0.72 a share, crushing the $0.14 consensus estimate. Revenue of $6.48 billion was also much better than the $5.34 billion forecast. TRV is up almost 3 percent before the bell.

Big Costs Hammer Verizon

Verizon Communications got slammed by one-time items related to compensation expenses and Sandy. That resulted in a $1.93 billion quarterly loss. Adjusted earnings, on a per-share basis, also missed consensus. VZ is down 2 percent in the premarket.
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The art of trading

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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