BJ's Wholesale club (BJ - option chain) shares rose Tuesday on news that private-equity firm Leonard Green & Partners has signed a confidentiality agreement with BJ's to discuss a possible buyout. 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 BJ.

The stock opened Tuesday morning at $48.20. In morning trading, the stock hit a low of $47.14 and a high of $48.73. As of 12:15, BJ was trading at $48.55 up 2.03 (4.4%). The chart for BJ looks bullish and S&P gives BJ a positive 4 STARS (out of 5) buy ranking.

Tiffany & Co. (TIF - option chain) shares are rising after the company reported Q4 2010 earnings Monday morning, posting a profit of $181.22 million, or $1.41 per share. Excluding one-time items, Tiffany earned $1.44 per share on revenue of $1.10 billion, while analysts had forecast a profit of $1.39 per share on revenue of $1.10 billion.

Tiffany cut its Q1 earnings forecast to 57 cents per share, down from a previous forecast of 62 cents per share, due to an anticipated decline in sales in Japan in the wake of the recent earthquake. However, that is still above analysts' forecasts of 55 cents per share, which is a good sign for the stock. 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 TIF.

News Corp. (NWSA - option chain) shares are off a bit today after a company official said at a conference that the company is planning to build its own social-gaming business, hoping to capitalize on the momentum of smaller gaming start-ups like FarmVille maker Zynga. The NWSA official said the social-gaming effort will not be connected to its social network site MySpace, which the company is considering selling. So far this morning, investors are not too optimistic about this news. 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 NWSA.

Williams-Sonoma (WSM - option chain) shares are rising today after the company reported earnings this morning, posting a fiscal-Q4 profit of $113.4 million, or $1.05 per share. Excluding one-time items, WSM earned $1.08 per share on revenue of $1.195 billion. Analysts had forecast a profit of $0.98 per share on revenue of $1.19 billion. WSM forecast Q1 earnings of 26 to 28 cents per share on revenue of $745 to $765 million. Analysts are expecting Q1 earnings of 27 cents per share on revenue of $748.5 million. WSM also lifted its quarterly dividend by 2 cents to 17 cents per share. 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 WSM.

MetLife (MET - option chain) stock is trading lower today along with most other insurance companies this morning after the cost to insurers related to Friday's earthquake in Japan was estimated to be between $15 to $35 billion. Prudential Financial (PRU) and AIG (AIG) are also down so far in today's trading. Even if these insurance companies are actually on solid footing financially with regard to their expected claims, I expect investors could be frightened for several months to come, which could keep share prices depressed. 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 MET.

Target (TGT) has not been a good stock at all since the turn of the year. Take a look at the twelve-month chart. Find where the shares were on Jan. 3. Got it? Now, do you see what happened since then? I don't think you can miss such a big drop.

The 52-week low for the retailer is $48.23; the 52-week high is $60.97. The equity finished down 0.7% to $51.30 on Monday. Volume, thankfully, was below average. That lack of conviction could be a saving grace.

Dresser-Rand (DRC - option chain) shares are rising today after the company announced it has agreed to acquire diesel and gas engine supplier Grupo Guascor SL in a $690 million cash-and-stock deal. 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 DRC.