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IMAX Is Rocking -- Buy or Sell into Strength?

IMAX Corporation (IMAX) is doing pretty darn good in today's session. At the time of this writing, shares were up over 8% to $14.43, good for a new 52-week high. Headlines on Tuesday proclaimed the intention of Discovery Communications Inc. (DISCA), Sony Corporation (SNE), and IMAX to join forces for purposes of launching a 3-D television asset. I'm sure that must have intrigued not a few in the market.

In addition to that, though, I think there is a general bullish feeling forming on IMAX. I was surprised to read over at Benzinga.com that CNBC's Fast Money analyst Guy Adami highlighted the company as a potential pick for the entire decade! Now that's bullish.

Continue reading IMAX Is Rocking -- Buy or Sell into Strength?

Apple and Electronic Arts? I don't buy it!

You seriously have to be kidding me. Apple (NASDAQ: AAPL) is interested in Electronic Arts (NASDAQ: ERTS)? I can't believe what I just read.

Well, to be accurate here, I'm not sure if this is a strong rumor or not. Then again, there has been a lot of speculation over the fate of EA since it has been doing so poorly and since its stock has seen a fall in value the last few years (it should be noted, though, that the stock has been strong the last several months).

But Barron's reports that Apple may want to buy the gaming publisher since it has a lot of cash to utilize for investing. Apparently, Guy Adami of the CNBC show Fast Money said there was some buzz equity surrounding this possibility (it was also mentioned that maybe Apple could purchase Twitter . . . but that's another story!).

Continue reading Apple and Electronic Arts? I don't buy it!

Symbol Lookup
IndexesChangePrice
DJIA-89.2312,801.23
NASDAQ-23.352,903.88
S&P 500-9.311,342.64

Last updated: February 11, 2012: 07:18 AM

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