Investors Observer posts
FeedPosted Feb 26th 2010 1:30PM by Brent Archer (RSS feed)
Filed under: Earnings Reports, Bad News, Options, Technical Analysis
Wynn Resorts (
WYNN -
option chain) stock is trading slightly lower today after the company reported a fourth-quarter loss of $5.2 million, or 4 cents per share. Excluding one-time items,
WYNN earned 8 cents per share on revenue of $809 million. Analysts had forecast a profit of 13 cents per share on revenue of $784 million. Though the company was pleased with results from its Macau properties, company CEO Steve Wynn told a conference call that the company has a bearish outlook for its Las Vegas properties. 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 WYNN.
This morning, WYNN opened at $62.49. So far today the stock has hit a high of $63.11 and a low of $61.18. As of 11:55, WYNN is trading at $62.39, down 41 cents (-0.6%). The chart for WYNN looks neutral and
S&P gives WYNN a neutral 3 STARS (out of 5) hold ranking.
Continue reading Wynn Resorts Drops on Q4 Loss
Posted Feb 25th 2010 1:30PM by Brent Archer (RSS feed)
Filed under: Major Movement, Earnings Reports, Good news, Options, Technical Analysis, Limited Brands (LTD)
Limited Brands (
LTD -
option chain) shares are rising today after
the company reported earnings last night, posting a fourth-quarter profit of $356.11 million or $1.08 per share. Excluding one-time items, LTD earned $1.01 per share on revenue of $3.06 billion. Analysts had forecast a profit of 98 cents per share on revenue of $3.05 billion. Since the rest of the market is in the dumps today, the advances made by LTD stock are even more significant as they have to overcome that downward push. 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 LTD.
LTD opened this morning at $22.03. So far today the stock has hit a low of $21.90 and a high of $22.53. As of 1:00, LTD is trading at $22.07 up 53 cents (2.5%). The chart for LTD looks neutral and
S&P gives LTD a neutral 3 STARS (out of 5) hold ranking.
Continue reading Limited Brands Q4 Earnings Beat Estimates
Posted Feb 22nd 2010 2:20PM by Brent Archer (RSS feed)
Filed under: Major Movement, Bad News, Insiders, Corning Inc (GLW), Options, Technical Analysis
Corning (
GLW -
option chain) stock is trading lower Monday on reports of some
high-level insider selling. Chairman and CEO Wendell Weeks sold over 200,000 shares of the stock last Thursday, according to an SEC filing, while Company COO Peter Volanakis also about 80,000 shares on the same day. While Weeks regularly cashes in some of his stock each quarter, this recent amount is bigger than any in the past year. Traders could be reacting to this perceived lack of confidence in the stock by management today.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 GLW.
This morning, GLW opened at $18.29. So far today the stock has hit a high of $18.29 and a low of $17.51. As of 12:55, GLW is trading at $17.58, down 71 cents (-3.9%). The chart for GLW looks bullish and
S&P gives GLW a positive 4 STARS (out of 5) buy ranking.
Continue reading Corning Drops on Insider Selling
Next Page >
Baidu.com (BIDU - option chain) shares are rising today on reports that Google (GOOG) advertisers in China have been advised to switch to its rivals, including Baidu and Sohu.com (SOHU). This is on the heels of this weekend's report that Google will shut down its Chinese search engine rather than bow to the countries strict censorship rules. 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 Baidu.
Dendreon (
AIG to Pay Out $46 Million to Those Responsible for Its Demise
Chasing Value: Willis -- A Small Risk
Contrary Call on Toyota (TM)
