OptionsHouse

Options Trading News

September 24, 2013  Tue 7:30 AM CT

AMAT: SEE CHART GET CHAIN FIND STRATEGIES

Cost Savings of $500 Million Targeted

Applied Materials struck a deal to acquire Tokyo Electron for $29 billion, creating a behemoth in the semiconductor-equipment space. The new company will have $29 billion in revenue and cut $500 million of annual expenses. It will also buy back $3 billion of stock after the deal closes next year. AMAT climbs 7 percent before the opening bell on my tradeMONSTER platform.

Red Hat Falls on Weak Billings

Red Hat's earnings and revenue beat expectations, but billings increased just 8 percent. Analysts had modeled growth of 14 percent. Top-line guidance for the full year was also light. RHT drops 10 percent in the premarket.

Oasis to Keep Running, Goldman Predicts

Oasis Petroleum is already up 41 percent this year, but Goldman Sachs sees the gains continuing! The investment bank added the shale-energy stock to its "conviction buy" list with a $65 price target. OAS, which closed at $44.94 yesterday, rose more than 2 percent in early trading.

Share this article with your friends


Invest Like a Monster - San Antonio: October 9-10

Premium Services

Archived Webinar

Education & Strategy

Options Academy: Ron's Risk Calculation--A Real Life Example

It is rare that I get a chance to give a real-life, real-time example in my articles that the readers were not only following but were actually involved in at the time the event is happening. Well, that is where we are right now in our QQQ trade from last week. Let's recap the trade itself.

View more education articles »