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BP to Begin Scaling Back Oil Cleanup

BP Cleanup ProcessTwo weeks ago, BP plc (BP) was able to stop oil from spilling into the Gulf of Mexico. The company announced today that it was time to being scaling back on the cleanup process.

Since the spill began back in April, there has been over eleven million feet of boom deployed in the Gulf, but these only last for a certain number of tide cycles, and in areas where the company feels that beaches are not in danger, the boom will be removed.

Continue reading BP to Begin Scaling Back Oil Cleanup

MetLife Q2 Earnings Beat Estimates

MET logoMetLife (MET - option chain) shares are rising today after the company reported earnings last night, posting a second-quarter profit of $1.5 billion, or $1.84 per share. MET's operating income came in at $1.23 per share on revenue of $12.83 billion. Analysts had forecast a profit of $1.00 per share on revenue of $13.05 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 MET.

MET opened this morning at $41.25. So far today the stock has hit a low of $40.50 and a high of $47.75. As of 12:10, MET is trading at $41.95 up $1.75 (4.3%). The chart for MET looks bullish and S&P gives MET a positive 4 STARS (out of 5) buy ranking.

Continue reading MetLife Q2 Earnings Beat Estimates

Amgen Posts Better-Than-Expected Q2 Earnings

amgen second quarter earnigns previewShares of biotech giant Amgen, Inc. (AMGN) are trading slightly higher in after hours trading this afternoon after the company delivered better than expected earnings for its second quarter.

Going into this afternoon's earnings report, analysts had been expecting to see Amgen report $1.30 per share, but the company was able to beat out analyst estimates by reporting an actual $1.38 for the quarter.

Continue reading Amgen Posts Better-Than-Expected Q2 Earnings

Genzyme Lifted by Takeover Speculation

Genzyme (GENZ - option chain) shares are rising today on a report in the Wall Street Journal which says that Sanofi-Aventis SA (SNY) could make a formal takeover offer to GENZ's board that could be worth about $20 billion. SNY declined to comment on the report. 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 GENZ.

GENZ opened this morning at $70.31. So far today the stock has hit a low of $69.97 and a high of $70.97. As of 11:55, GENZ is trading at $70.09 up $2.09 (3.1%). The chart for GENZ looks bullish and S&P gives GENZ a positive 4 STARS (out of 5) buy ranking.

Continue reading Genzyme Lifted by Takeover Speculation

US Steel Tanks After Q2 Loss

X logoUS Steel (X - option chain) stock is trading lower today after the company reported Q2 2010 earnings this morning, posting a loss of $25 million, or 17 cents per share. Excluding one-time items, X earned 45 cents per share on revenue of $4.68 billion. Analysts had forecast a profit of 63 cents per share on revenue of $4.63 billion. The company said it expects to return to profitability in the third quarter. 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 X.

This morning, X opened at $47.70. So far today the stock has hit a high of $70.95 and a low of $33.25. As of 12:05, X is trading at $45.98, down $2.91 (-5.9%). The chart for X looks bullish and S&P gives X a positive 4 STARS (out of 5) buy ranking.

Continue reading US Steel Tanks After Q2 Loss

FedEx Raises Q1 Guidance 20%

FDX logoFedEx (FDX - option chain) shares are rising today after the company announced this morning it now expects to report Q1 EPS of $1.05 to $1.25, up from a previous range of $0.85 to $1.05. Analysts are expecting the shipping giant to earn $1.01 per share. In a statement, company CFO Alan Graf Jr. said, "Our revenue and earnings growth are exceeding original expectations, primarily due to better-than-anticipated growth in FedEx Express and FedEx Ground volumes." FDX reports earnings on September 16 before the opening bell. 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 FDX.

FDX opened this morning at $82.26. So far today the stock has hit a low of $82.00 and a high of $83.64. As of 12:35, FDX is trading at $83.12 up $4.16 (5.3%). The chart for FDX looks bullish and S&P gives FDX a positive 5 STARS (out of 5) strong buy ranking.

Continue reading FedEx Raises Q1 Guidance 20%

Ford Higher After Strong Q2 Earnings

F logoFord Motor Co. (F - option chain) shares are rising today after the company reported earnings this morning, posting a second-quarter profit of $2.599 billion, or 61 cents per share. Excluding one-time items, F earned 68 cents per share on revenue of $31.3 billion. Analysts had forecast a profit of 40 cents per share on revenue of $29.79 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 F.

F opened this morning at $12.55. So far today the stock has hit a low of $12.35 and a high of $12.65. As of 11:55, F is trading at $12.52 up 0.43 (3.6%). The chart for F looks neutral and S&P gives F a neutral 3 STARS (out of 5) hold ranking.

Continue reading Ford Higher After Strong Q2 Earnings

UPS Soars on Q2 Earnings Strength

UPS logoUnited Parcel Service (UPS - option chain) shares are rising today after the company reported Q210 earnings this morning, posting a profit of $845 million, or 84 cents per share, on revenue of $12.2 billion. Analysts had forecast a profit of 77 cents per share on revenue of $11.98 billion. In the year-ago period, UPS earned 44 cents per share on revenue of $10.8 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 UPS.

UPS opened this morning at $63.00. So far today the stock has hit a low of $62.60 and a high of $64.31. As of 12:15, UPS is trading at $63.77 up $3.76 (6.3%). The chart for UPS looks bullish and S&P gives UPS a positive 4 STARS (out of 5) buy ranking.

Continue reading UPS Soars on Q2 Earnings Strength

Eaton Rises after Strong Q2 Earnings, Boosts Dividend

ETN logoEaton (ETN - option chain) shares are rising today after the company said it earned $226 million, or $1.33 per share, during the second-quarter, topping analysts' forecasts of $1.17 per share. The company also said it will lift its quarterly dividend to 58 cents from 50 cents. 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 ETN.

ETN opened this morning at $72.26. So far today the stock has hit a low of $71.50 and a high of $73.50. As of 12:30, ETN is trading at $73.54 up $4.48 (6.5%). The chart for ETN looks neutral and S&P gives ETN a neutral 3 STARS (out of 5) hold ranking.

Continue reading Eaton Rises after Strong Q2 Earnings, Boosts Dividend

Amgen's Demosumab gets Priority FDA Review

AMGN logoAmgen (AMGN - option chain) shares are rising today after the company said this morning the Food and Drug Administration has agreed to a priority review for Denosumab, its new skeletal drug. The FDA will decide whether to approve the drug by November 18. 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 AMGN.

AMGN opened this morning at $52.46. So far today the stock has hit a low of $50.32 and a high of $64.76. As of 12:15, AMGN is trading at $53.00 up 0.83 (1.6%). The chart for AMGN looks bullish and S&P gives AMGN a positive 4 STARS (out of 5) buy ranking.

Continue reading Amgen's Demosumab gets Priority FDA Review

For Now BP Has Stopped the Oil Leak, But Will It Hold?

BP logoNearly three months after the April 20th explosion of BP plc (BP)'s oil well in the Gulf of Mexico, it appears as though the company has finally been able to stop oil from gushing into the Gulf. But will it last?

The company is currently testing a new cap on the well, which has apparently stopped the oil flow that has been leaking into the Gulf.

Continue reading For Now BP Has Stopped the Oil Leak, But Will It Hold?

Fearless Friday: BAC, C, and GE Report Earnings

Tomorrow is filled with the potential to boost the market upward, or trip it up going into the weekend. Three financial giants are reporting: Bank of America Corporation (BAC), Citigroup, Inc. (C) and General Electric Company (GE). This could set the stage for a continued market rally next week as earnings season has been generally positive and a trend is developing.

Expectations are high, following solid quarters reported by State Street (STT) last week that surprised many, and JPMorgan Chase & Company (JPM), who followed up with a big beat this morning.

Sentiment seems to be on the bullish side as tomorrow is also options expiration time and those betting on the banks should be pleased to book some gains.

Continue reading Fearless Friday: BAC, C, and GE Report Earnings

GlaxoSmithKline Rises on FDA's Avandia Decision

GSK logoGlaxoSmithKline (GSK - option chain) shares are rising today after the FDA Advisory Committee voted in favor of keeping GSK's diabetes drug Avandia on the market, despite concerns that the drug could increase the risk of cardiovascular disease. 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 GSK.

GSK opened this morning at $37.06. So far today the stock has hit a low of $36.77 and a high of $37.16. As of 12:10, GSK is trading at $37.06 up 0.71 (2.0%). The chart for GSK looks neutral and S&P gives GSK a neutral 3 STARS (out of 5) hold ranking.

Continue reading GlaxoSmithKline Rises on FDA's Avandia Decision

Hewlett-Packard Lifted by Strong Intel Results

HPQ logoHewlett-Packard (HPQ - option chain) shares are rising today after chip-maker Intel (INTC) reported second-quarter earnings of 51 cents per share on revenue of $10.8 billion, easily topping forecasts of 43 cents per share on revenue of $10.25 billion. Intel cited strong demand from business customers as well as healthy PC demand for the results, which could be a good sign for all PC manufacturers, including Hewlett-Packard. HPQ will next report earnings on August 19. 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 HPQ.

HPQ opened this morning at $47.06. So far today the stock has hit a low of $47.02 and a high of $47.97. As of 12:25, HPQ is trading at $47.84 up $1.07 (2.3%). The chart for HPQ looks bullish and S&P gives HPQ a positive 5 STARS (out of 5) strong buy ranking.

Continue reading Hewlett-Packard Lifted by Strong Intel Results

AIG Rises on IPO Rumors

AIG logoAmerican International Group (AIG - option chain) shares are rising today as rumors swirl about the possibility that the company might spin off or sell some of its more attractive businesses. Reports today indicate that the board may be considering an IPO for AIA, the company's Asian Insurance unit. 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 AIG.

AIG opened this morning at $36.56. So far today the stock has hit a low of $36.03 and a high of $37.95. As of 12:20, AIG is trading at $37.87 up $2.30 (6.4%). The chart for AIG looks neutral and S&P gives AIG a neutral 3 STARS (out of 5) hold ranking.

Continue reading AIG Rises on IPO Rumors

Next Page »

Symbol Lookup
IndexesChangePrice
DJIA-1.2210,465.94
NASDAQ+3.012,254.70
S&P 500+0.071,101.60

Last updated: August 01, 2010: 01:35 AM

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