tradeMONSTER: Trade free for 90 days

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


Related Stories

AMAT

Notable option trades in equities

November 21, 2014

Nearing the halfway mark in today's session, here are the individual equity names with unusual option activity on optionMONSTER's ActionTracker data system.

AMAT

Bull sticking with Applied Materials

November 21, 2014

A big call trade is looking at further gains in the chip-equipment maker, which has moved up from support in the last six weeks and is back at a long-term resistance level.

tradeMONSTER: Trade free for 90 days

Premium Services

Archived Webinar

The Art of Trading: Forgiving the Spread

Education & Strategy

Know thy Greeks!

One of the most important roles played by the Option Pricing Model is the calculation of an important family of...

View more education articles »
optionMONSTER stockMONSTER tradeMONSTER