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Timely News, Ideas and Strategies for Active Investors

Thursday, June 28, 2012

Stock close off of lows....

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Dow -24.75 Nas -25.83 S&P -2.81 Late news that Germany's Angela Merkle cancelled the planned EU Summit conference call this even...

Monster Beverage to be added to S&P 500; Sara Lee deleted as of 6/28

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Sara Lee (SLE) is spinning off its international Coffee & Tea business to shareholders in a transaction expected to be effective after ...

Companies reporting Before the Market Open on Friday, June 29

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Notable companies reporting after the closing bell include Constellation Brands (STZ), Finish Line (FINL), and KB Home (KBH).

Companies reporting After the Market Close on Thursday, June 28

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Notable companies reporting after the closing bell include Accenture (ACN), AZZ (AZZ), CalAmp (CAMP), Nike (NKE), and TIBCO (TIBX).

Who Cares....

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Google announces Chrome version for iPhone, iPad, TechCrunch reports Google (GOOG) announced the launch of a Chrome browser version for i...

Silver Looks like it has already broken down....

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Here's the Silver ETF (SLV):

Gold ETF Breaking down...at key level...

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Be careful if you own Gold.  Bearish Triangle Pattern forming.  Looks like this one could accelerate lower.

Nordstrom (JWN) to open first full-line store in NYC

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Nordstrom has finalized an agreement with Extell Development Company to build Nordstrom's first full-line store in New York City. This ...

Vertex Pharmaceuticals (VRTX) weakness creates buying opportunity, says Piper Jaffray

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After a test of Vertex's KALYDECO +VX-809 in cystic fibrosis patients indicated that the drug failed to improve lung functioning by a s...

Potash CEO says sees no new potash mines for five years, Reuters reports

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Potash (POT) CEO Bill Doyle says he doesn't see any new potash mines beginning production between now and 2017, Reuters reports. Doyle ...

Healthcare insurers retreat after Supreme Court upholds healthcare law

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The Supreme Court found that the vast majority of the healthcare reform law, including its insurance mandate, is constitutional. In a 5-4 d...

Healthcare Facilities should be bought on strength, says Citigroup

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Citigroup said hospital stocks are the biggest beneficiary of the Supreme Court's healthcare decision and expects the group to trade ma...

Lululemon Athletica puts active on speculation Einhorn is short

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Lululemon Athletica July 55 and 60 puts are active on total put volume of 8K contracts (3K calls). July put option implied volatility is at...

Hospitals rally after healthcare law mandate upheld

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Hospital stocks are climbing after the Supreme Court upheld the healthcare law's insurance mandate in a 5-4 decision. The mandate is ex...

Obamacare Upheld by Supreme Court...

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In a victory for President Barack Obama, the Supreme Court decided to uphold his signature health care law's individual insurance mandat...

Really???

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Google Inc. (GOOG). The internet search company expects to roll out a consumer version of its electronic eyewear that can live-stream images...

This one looks like a good short...

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Progress Software Corp. (PRGS). The business software maker reported second quarter adjusted earnings of 21 cents per share on revenue of $1...

News Corp board approves company split - source

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The board of News Corp approved in principle splitting the $60 billion media conglomerate into separate publishing and entertainment busine...

Ouch...

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The New York Times says the losses from JPMorgan Chase’s (JPM) derivatives trades may reach as high as $9 billion, compared to initial estim...

BlackBerry maker's cash burn emerges as pressing concern

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On Thursday, RIM is expected to post an adjusted loss of 8 cents a share in the three months to June 2, according to the average estimate o...

Earnings Due today...

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Family Dollar (FDO) is among the companies out with earnings this morning, along with American Greetings (AM) and Schnitzer Steel (SCHN). Af...

Good Morning....

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Wall Street looks set to open lower as divisions among the region’s leaders fuelled hopes of concrete measures at the latest European Union ...
Wednesday, June 27, 2012

Stocks close higher....

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Dow +92.34 Nas + 21.26 S&P +11.86 Nice day for Pharmaceuticals...rough day for Restaurant stocks....

Google Nexus 7 to be available starting at $199

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Purchasers of the device will also get $25 to use on Google Play, a Transformers Movie, a book ,and several magazines for free. The device ...

Google introduces 7-inch tablet called Nexus 7

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The device was built in partnership with computer company ASUS, will run Jelly Bean, is optimized for Google Play, and is "super-thin,...

Arena diet dug Lorcaserin approved by FDA, Bloomberg says

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Arena Pharmaceuticals trading halted, pending news

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Note today is the FDA action date for the company's diet drug. :

Germany's Linde eyeing Lincare Holdings, FT Alphaville reports

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Suitors are eyeing Lincare Holdings, a Florida-based provider of oxygen, respiratory and other chronic therapy services to patients in the ...

Microsoft says tablets will outsell PCs in 2013, Reghardware reports

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Microsoft (MSFT) says Windows 8 will be the driving force that shifts sales to tablets versus PCs in 2013, according to Reghardware.com.

Exxon Mobil CEO says domestic natural gas prices are too low, Reuters says

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Exxon Mobil (XOM) CEO Rex Tillerson said U.S. natural gas prices are not sustainable for the energy industry to cover the cost of finding a...

Chipotle (CMG) Q2 revenues trending below estimates, says ITG

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ITG said Chipotle Q2 revenues are trending at $700M, below consensus of $706M, on continued strong check and traffic growth. CMG is down $...

U.S. pending homes sales index rebounded 5.9% to 101.1 in May

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U.S. pending homes sales index rebounded 5.9% to 101.1 in May, erasing the 5.5% drop in April to 95.5. This matches March's level which...

Entropic Communications (ENTR) sees upside to revenue and EPS in Q2

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Entropic Communications announced expected revenue in Q2 of 2012 will be stronger than the company's previous outlook, which was provid...

Perrigo (PRGO) receives FDA approval and launches new products

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Perrigo announced that it has received final approval from the U.S. Food and Drug Administration for its abbreviated new drug application fo...

O'Reilly Automotive (ORLY) sees Q2 EPS at lower end of $1.13-$1.17 range Q2...consensus is $1.19.

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O'Reilly Automotive lowers Q2 SSS guidance to 2%-2.5% from prior 3%-5% Greg Henlsee, CEO and Co-President stated, "Our previousl...

Zynga (ZNGA) price target lowered to $9 from $13 at Piper Jaffray

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Piper Jaffray believes Zynga made no progress in addressing key investor concerns at its event yesterday, but continues to feel the stock i...

Arena Pharmaceuticals (ARNA) shares rally ahead of PDUFA

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Shares of Arena Pharmaceuticals are up huge in the last week ahead of today's PDUFA date for the company's obesity drug Lorcaserin. ...

BEFORE THE BELL

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U.S. stock index futures pointed to a mixed open as investors remained on the sidelines ahead of the June 28-29 EU Summit, which is expected...
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