Brent Archer
Virginia, US - http://www.investorsobserver.com

Brent Archer is an options analyst and writer at Investors Observer.

Corning (GLW - option chain) stock is trading lower today after the company said it expects to see modest growth in sales and earnings in 2010, but did not offer specific forecasts. Analysts are expecting the company to earn $1.75 per share in 2010 on revenue of $6.28 billion, up from $1.28 per share and $5.4 billion, respectively. If you think this stock won't be rising too far in the coming months, then it could be a good time to look at a bearish hedged play on GLW.

This morning, GLW opened at $18.10. So far today the stock has hit a high of $18.24 and a low of $16.96. As of 12:10, GLW is trading at $17.65, down 60 cents (-3.3%). The chart for GLW looks bullish and S&P gives GLW a positive 4 STARS (out of 5) buy ranking.

Procter & Gamble (PG - option chain) shares rose Thursday after the company said it earned $4.66 billion, or $1.49 per share during its second quarter, with revenue coming in at $21 billion. Analysts had forecast a profit of $1.40 per share on revenue of $21.07 billion. If you think that the stock won't fall by too much in the coming months, then now could be a good time to look at a bullish hedged trade on PG.

PG opened at $61.67. In morning trading, the stock hit a low of $61.58 and a high of $63.31. As of 11:20, PG was trading at $62.27 up 1.46 (2.4%). The chart for PG looks bullish and S&P gives PG a positive 4 STARS (out of 5) buy ranking.

U.S. Steel (X - option chain) stock is trading lower today after the company reported a fourth-quarter loss of $267 million, or $1.86 per share, on revenue of $3.35 billion. Analysts were expecting a loss of $1.44 per share on revenue of $3.09 billion. The company also forecast a first-quarter loss in line with fourth quarter results, whereas analysts are forecasting a loss of 44 cents per share. If you think this stock won't be rising too far in the coming months, then it could be a good time to look at a bearish hedged play on GE.

This morning, X opened at $52.66. So far today the stock has hit a high of $53.40 and a low of $50.37. As of 12:00, X is trading at $51.11, down $5.12 (-9.1%). The chart for X looks bearish and S&P gives X a negative 2 STARS (out of 5) sell ranking.

Synaptics (SYNA - option chain) stock is trading lower today after the company reported earnings last night, posting an adjusted second-quarter profit of 62 cents per share on revenue of $133 million. Analysts had forecast a profit of 56 cents per share on revenue of $131 million. However, shares of the stock are falling this morning after the company forecast third-quarter revenues of $110 to $115 million, below analysts' projections of $119 million. If you think this stock won't be rising too far in the coming months, then it could be a good time to look at a bearish hedged play on SYNA.

This morning, SYNA opened at $26.70. So far today the stock has hit a high of $28.30 and a low of $26.60. As of 11:40, SYNA is trading at $27.92, down $2.43 (-8.0%). The chart for SYNA looks bullish.