Two 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.
MetLife (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.
Shares 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.Continue reading Amgen Posts Better-Than-Expected Q2 Earnings
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.
US 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.
FedEx (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.
Ford 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.
United 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.
Eaton (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.Continue reading Eaton Rises after Strong Q2 Earnings, Boosts Dividend
Amgen (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.Nearly 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?Continue reading For Now BP Has Stopped the Oil Leak, But Will It Hold?
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.Continue reading Fearless Friday: BAC, C, and GE Report Earnings
GlaxoSmithKline (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.Continue reading GlaxoSmithKline Rises on FDA's Avandia Decision
Hewlett-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.Continue reading Hewlett-Packard Lifted by Strong Intel Results
American 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.| # | Blogger | Posts | Cmts |
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| 1 | Joseph Lazzaro | 50 | 0 |
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| 13 | Derek and Damien Hoffman | 10 | 1 |
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| 17 | Brian White | 8 | 0 |
| 18 | Trey Thoelcke | 7 | 0 |
| 19 | Sheldon Liber | 7 | 0 |
| 20 | Kevin Kersten | 6 | 0 |
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