BloggingStocks http://www.bloggingstocks.com BloggingStocks http://www.blogsmithmedia.com/http://www.bloggingstocks.com/media/feedlogo.gif BloggingStocks http://www.bloggingstocks.com en-us Copyright 2012 Weblogs, Inc. The contents of this feed are available for non-commercial use only. Blogsmith http://www.blogsmith.com/<![CDATA[E*TRADE, Amgen and Others Heating Up in Google Searches]]>http://www.bloggingstocks.com/2010/06/03/e-trade-amgen-and-others-heating-up-in-google/http://www.bloggingstocks.com/2010/06/03/e-trade-amgen-and-others-heating-up-in-google/http://www.bloggingstocks.com/2010/06/03/e-trade-amgen-and-others-heating-up-in-google/#commentsIt appears that financial institutions, drug makers and oil companies have caught the attention of traders today -- at least, that's what they're searching for.

If you want to know what stocks traders are interested in right now at this very second, you need look no further than what's hot in Google.

Here's what's hot today.

Continue reading E*TRADE, Amgen and Others Heating Up in Google Searches

E*TRADE, Amgen and Others Heating Up in Google Searches originally appeared on BloggingStocks on Thu, 03 Jun 2010 17:30:00 EST. Please see our terms for use of feeds.

Permalink | Email this | Comments]]>amgenamgnetfcetradefaffeaturedfirst americanGerdau Ameristeelgnainthenewsultra petroleumuplThu, 03 Jun 2010 17:30:00 EST<![CDATA[Nucor and other steelmakers lifted by buyout]]>http://www.bloggingstocks.com/2007/07/11/nucor-and-other-steelmakers-lifted-by-buyout/http://www.bloggingstocks.com/2007/07/11/nucor-and-other-steelmakers-lifted-by-buyout/http://www.bloggingstocks.com/2007/07/11/nucor-and-other-steelmakers-lifted-by-buyout/#commentsFiled under: , , , , , ,

Nucor Corp. (NYSE: NUE) opened at $61.05. So far today the stock has hit a low of $61.05 and a high of $62.49. As of 10:55, NUE is trading at $62.46, up $2.38 (4.0%).

After hitting a one year high of $69.93 on June 1, the stock dropped sharply over the next four weeks before rebounding at the end of the month. NUE is jumping this morning as a buyout in the sector is lifting all the steel stocks. Gerdau Ameristeel (NYSE: GNA) announced yesterday after the close that it will buy Chaparral Steel (NASDAQ: CHAP) for $4.22 billion. Technical indicators for NUE are bearish and steady, while S&P gives the stock a neutral 3 STARS (out of 5) hold rating.

For a bullish hedged play on this stock, I would consider an August bull-put credit spread above the $55 range. A bull-put credit spread is an options position that combines the purchase and sale of call options to hedge risk and leverage returns. For this particular trade, we will make a 9.9% return in less than 2 months as long as NUE is above $55 at August expiration. NUE would have to fall by more than 11% before we would start to lose money.

NUE hasn't been below $55 for more than a few days since October and has shown support around $57 recently. This trade could be risky if the company's earnings (due out July 19) disappoint, but even if that happens, it looks like this position could be protected by some support the stock has around $55.

Brent Archer is an options analyst and writer at Investors Observer. DISCLOSURE: Mr. Archer owns and/or controls diversified portfolios of long and short stock and option positions that may include holdings in companies he writes about. At publication time, Brent neither owns nor controls positions in NUE, CHAP, or GNA.

Nucor and other steelmakers lifted by buyout originally appeared on BloggingStocks on Wed, 11 Jul 2007 13:15:00 EST. Please see our terms for use of feeds.

Permalink | Email this | Comments]]>CHAPChaparral SteelChaparralSteelGerdau AmeristeelGerdauAmeristeelGNAInvestors ObserverInvestorsObserverNucorNUEoptionsWed, 11 Jul 2007 13:15:00 EST