Owner: Navivest Stocks and Options Blog URL:http://www.navivest.com/blog Join Date: Fri, 15 Aug 2008 20:28:09 -0500 Rating:0 Site Description: The Navivest Stocks and Options Blog provides stocks and options trading ideas and market commentary daily. Site statistics:Click here
Did You Earn 23% In The Last Two Days? 2008-08-15 11:57:04 On Wednesday, Ctrip.com (CTRP) released Q2 earnings that impressed Wall Street enough for the stock to move over 10 points on Thursday. Wednesday afternoon, we sent an alert to our Options Capitalist subscribers to buy September 50 calls and September 40 puts on CTRP.
We told them to buy at a ratio of 5 calls to [...] Read more:Two Days
Stocks On The Move - 08/15/08 2008-08-15 11:24:18 Kohl’s (KSS) - Kohl’s is up $3.64 or 7.54% to $51.91 on the Q2 earnings report KSS released Thursday evening.
Abercrombie & Fitch (ANF) - +$1.23 or 2.34% to $53.80 on a 4% drop in Q2 profits, however, the company did beat lowered expectations and said it won’t be lowering prices to spur short-term sales.
Delta Apparel (DLA) - [...] Read more:Stocks
Foreclosures Rise 55% In July 2008-08-15 07:40:16 Even as stocks continue to rally on the back of financial stocks, we keep getting more and more evidence that shows that we are still in the midst of a serious and worsening housing crisis that hasn’t finished playing out yet.
In a report issued yesterday 08/14/08, Realtytrac, a company that tracks foreclosures, said that foreclosures [...] Read more:Foreclosures
Stocks To Watch - 08/15/08 2008-08-15 07:00:40 Autodesk (ADSK) late Thursday 08/14/08, reported revenues of $619.5 million and earnings of $89.8 million for Q2, 2009. The $89.8 million in earnings, translated into an EPS of $0.39. Excluding special items, EPS was $0.56. Wall Street had been expecting $0.52. For the same period last year, Autodesk (ADSK) had revenues of $525.9 million, earnings [...] Read more:Stocks
CPI Exceeds Forecasts 2008-08-14 08:53:58 The Department of Labor issued CPI numbers at 8:30 am today, that showed consumer prices grew faster than expected in July. According to the labor department, CPI or consumer price index climbed 0.8 percent in July. In June, the growth rate was 1.1 percent. Economists had been expecting a growth rate of 0.4% in July.
The [...]
The Trading Day Ahead - 08/14/08 2008-08-14 06:37:17 Today should be another interesting day for stocks. On the economic calendar, we have Core CPI and CPI being released, as well as Initial Claims for the week ending 08/09. To the extent that these releases could further portend an economy going bad, we could see stocks extend yesterday’s losses.
Initial Claims, which shows the number [...] Read more:Trading
Crude Prices Rally On Inventory Reports 2008-08-13 09:51:20 Oil prices are rallying on the Crude
Inventories report from the Energy Department for the week ending 08/09. The report which was just released at 10:35 AM EST, showed that crude inventories dropped by 316,00 barrels. Forecasters were expecting an increase of 300,000 barrels.
Prior to the report’s release, oil prices were in positive territory, but only up about $.50 cents. [...] Read more:Inventory
, Prices
, Rally
The Trading Day Ahead - 08/13/08 2008-08-13 07:32:35 How stocks will end the day today, is anyone’s guess. On one hand, French President Nicolas Sarkozy seems to have brokered a truce between Russia and Georgia, bringing an end to the conflict. Generally speaking, that should be very good news for stocks.
Then again, Wall Street somehow managed to ignore the conflict completely and with [...] Read more:Trading
Supercharge Your Options Trading 2008-08-13 06:47:10 The Navivest Options
Capitalist trading advisory service, made over 100% for our subscribers last week. If you’d like supercharged returns like those, then take a free two weeks trial subscription to The Options Capitalist. To do so, just send an email to navivest(@)navivest.com Be sure to leave out the brackets around the @ sign.
For more information, [...] Read more:Supercharge
, Trading
CVS To Acquire Longs Drug Stores 2008-08-12 17:47:30 CVS Caremark (CVS) announced on Tuesday 08/12/08, that it will be acquiring Longs Drug Stores (LDG). Longs (LDG) has about 490 stores in the western United States and Hawaii. The deal is valued at $71.50 all cash per share, or $2.9 billion, including assumption of Long’s (LDG) debt. For the latest fiscal year, Longs Drug [...] Read more:Acquire
Government Bailout For Fannie Freddie 2008-09-05 17:48:29 A Wall Street Journal article released after the stock market closed on Friday, is sending financial stocks higher in after hours trading. According to the article which is entitled “Treasury Is Close to Finalizing Plan to Backstop Fannie, Freddie
”, while actual details are not yet known, the plan would include a management reshuffle at the [...] Read more:Government
BUY BUY BUY! 2008-09-05 12:59:42 While the negative tone has righfully gotten traders nervous, we believe the 300 plus point decline yesterday and the initial 100 plus point decline today, presages a bounce to the upside within days. Quite frankly we were looking for it today but then the unemployment numbers tripped up the market. However, early next week should [...]
Stocks Headed For Crash 2008-09-05 08:01:27 The Labor Department just reported at 8:30 AM, that the U.S. unemployment rate jumped to 6.1% in August from 5.7% in July and the news is not good for stocks. We are looking at a very weak open and possibly another triple digit decline again today.
U.S Stocks
had been holding up well in the last [...]
The Trading Day Ahead - 09/05/08 2008-09-05 02:00:36 With the bloodletting on Wall Street yesterday, some market participants, will no doubt be taking a cautious stance and looking for the other shoe to drop. We do have an active slate for the day, on the economic calendar with Non-farm Payrolls, Unemployment rate, Hourly Earnings and Average Workweek all due to be reported today.
The [...] Read more:Trading
Carnage On Wall Street, Buy Buy Buy 2008-09-04 14:12:28 Stocks are tanking today, with the Down down over 300 points on more of the same as unemployment data and retail sales numbers released today, showed that the economy is weak.
With the carnage on Wall Street
today, we are looking for a temporary rebound tomorrow/Monday and traders should position themselves ahead of that move. Here [...] Read more:Wall Street
Boeing Puts Trade Follow-up 2008-09-04 09:13:40 Yesterday, we recommended that readers of the Navivest blog buy the Boeing
(BA) September 65 puts because a Boeing (BA) employees union was going to be voting on whether to accept a contract that Boeing (BA) had offered.
The union voted to reject the deal and the stock is dropping today, currently off $1.65 to $64.42. The September 65 puts [...] Read more:Trade
Trade Of The Day - Boeing Put Options 2008-09-03 09:36:19 Boeing’s (BA) International Association of Machinists and Aerospace Workers union will be voting this evening on a labor contract that Boeing (BA) submitted to the union. The contract is Boeing’s “best offer”, but some union leaders are calling for a rejection of the contract. If the union rejects the contract, Boeing’s (BA) stock should lose some [...] Read more:Boeing
, Options
, Trade
Bear Market Rally Fizzles 2008-09-02 18:19:41 Stocks, which started September of with a bang by tacking on as much as 244.54 points in early trading, ended up squandering all those gains. By 9:45 AM, the Dow was trading around 11790, which was about the highs of the day.
Stocks were surging on a big drop in the price of oil, which was [...] Read more:Market
, Rally
Option Trade on Joy Global Earnings 2008-09-02 13:33:32 Joy Global
(JOYG) will be releasing its third quarter 2008 earnings on Wednesday 09/03 before the market opens. We have designed an options trade for our Options Capitalist subscribers, with the aim of earning 15-20% by Friday, regardless of how JOYG trades after the earnings news.
We are offering this to readers of our blog as [...] Read more:Earnings
, Trade
Goldman Shares Boosted By Warren Buffet 2008-09-23 17:26:06 Goldman Sachs (GS) shares are surging in after hours trading on Monday 09/22/08, up $15 or 12% from the closing price on Monday 09/23/08, on word that WarrenBuffet
through Berkshire Hathaway (BRK-A), is buying $5 billion in Goldman Sachs preferred shares. The shares closed at $125.05 in regular trading.
The shares will pay a 10% [...] Read more:Goldman
, Warren Buffet
Trade Of The Week - 09/23/08 2008-09-23 02:34:00 We have made available to readers of the Navivest Stocks and Options blog, today’s issue of our subscription based options trading advisory service, The Options Capitalist. It is an options trade on Constellation Energy Group (CEG). To download a copy, click here.
Tags: Options Trade
Constellation Energy
Wall Street Questions Bailout Plan 2008-09-23 00:37:26 It seems the honeymoon might already be over. On Monday 09/22/08, stocks fell on concerns that the government plan to bailout financial companies, by buying up the bad mortgages and other assets weighing down their balance sheet, will not halt the downward spiral towards a worsening economy.
The plan which is estimated to cost at least [...] Read more:Street
, Wall Street
Mitsubishi To Buy Stake In Morgan Stanley 2008-09-22 23:46:43 In what is being termed a strategic alliance by MorganStanley
(MS), Mitsubishi
UFJ (MTU) on Monday 09/22/08, announced that it will purchase a 10-20% stake in Morgan Stanley
(MS). Mitsubishi UFJ (MTU) will make the investment after completion of its due diligence and upon the closing, will elect a representative to sit on the Morgan Stanley [...] Read more:Stake
The Trading Day Ahead - 09/22/08 2008-09-22 02:13:32 With no major economic or earnings news expected today, the focus of investors will be on the continuing melt down of the financial industry and its aftermath. We got news Sunday night, that Goldman Sachs (GS) and Morgan Stanley (MS), which now operate as investment banks, will become bank holding companies.
While both already have subsidiaries [...] Read more:Trading
Morgan Stanley, Goldman To Become Regulated Banks 2008-09-22 01:46:30 The Federal Reserve on Sunday 09/21/08, announced that it has approved the applications of MorganStanley
(MS) and Goldman
Sachs (GS) to become bank holding companies, pending a five-day waiting period. As a result, both firms will become financial holding companies under the Bank Holding Company Act.
Both currently operate as investments banks and are less [...] Read more:Become
, Morgan Stanley
The Trading Day Ahead - 09/19/08 2008-09-19 04:00:26 After yesterday’s incredible rally which saw stocks take off at about 2:40 PM and and the Dow Jones Industrial Average climb over 400 in 80 minutes, to close at 11019.69 for a gain of 410 or 3.86%, we might see a follow through today.
Stocks rallied on word that the government is working on developing a [...] Read more:Trading
The Trading Day Ahead - Update 2008-09-18 08:25:28 The market seems to be headed up today, so we will hold off buying those puts on the Ultra S&P 500 Proshares (SSO) that we recommended in an earlier post. Let’s wait until after this bear market rally, see how things shake out today and maybe tomorrow, then we can enter the trade.
For today, lets [...] Read more:Trading
, Update
The Trading Day Ahead - 09/18/08 2008-09-18 06:00:55 While financials will continue to be the focus of the investment community today, we will also be getting Initial Jobless Claims numbers for the week ending 09/13/08. This piece of economic news has the potential to rattle the markets today. If more filers than the 440,000 that forecasters are expecting, applied for benefits, stocks could [...] Read more:Trading
Morgan Stanley & Wachovia Considering Merger 2008-09-18 05:00:34 According to the New York Times, MorganStanley
(MS) is considering a merger with Wachovia Bank (WB). The paper is reporting that Wachovia (WB) approached Morgan Stanley
’s (MS) CEO John Mack, and very preliminary talks are now underway.
Both companies are under tremendous pressure, as their stocks have been beaten down in the wake of the [...] Read more:Merger
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