“When a stock gets to this level, you just have to sell because the risk-reward becomes awful.” – Jim Cramer, talking about Chipotle (CMG) on his “Mad Money” TV show, Thursday October 11 If you thought Under Armour (UA) was a hot…
Last Tuesday, The Wall Street Journal ran a “Heard On The Street” column on the front page of its “Money & Investing” section making the argument that there was a good chance Under Armour (UA) would fall short of analysts…
“Stocks are directionless ahead of a blockbuster day tomorrow. Other markets are about the same – bonds, currencies. [Stocks] won’t do a lot before we get a read on the Fed….” – James Paulsen (subscription required), Chief Investment Strategist, Wells…
I like days like today when it’s real simple: (Microsoft = Good + Countrywide = Good) = (Market = Good) (The Wall Street Journal’s market column is titled “Countrywide, Microsoft Fuel Rally” (subscription required)). It speaks to the desire for simplicity and…
Microsoft (MSFT) is having its biggest day in a long, long, long time – up $3.04, 9.50%, to $35.03 currently. It is the most actively traded stock on either the New York or Nasdaq Stock Exchanges by far with more…
According to a New York Times article this morning, late last week Chief Executive Stan O’Neal, without the permission of Merrill’s board, contacted Wachovia Chief Executive G. Kennedy Thompson to ask if he might be interested in acquiring Merrill as Merrill…
“The bullish commentary from Microsoft is helping the market, [as is] Countrywide coming out and saying they’re going to be profitable.” – Robert Pavlik (subscription required), Oaktree Asset Management Markets are up this morning on a strong earnings report from…
On Friday October 5, Merrill (MER) preannounced an estimated $4.5 billion writedown on its mortgage backed securities portfolio which would result in a loss of up to 50 cents per diluted share for the quarter (Oct 5 Press Release). But when…
Amazon (AMZN) just reported a monster quarter. Revenues were up 41% from the year ago period to $3.26 billion, including 42% in North America – analysts were looking for $3.14 billion. Net Income came in at 19 cents a share…
Amazon blew through $100 a share into the close today, a level it hasn’t seen since December 1999 (AMZN 10 Year Chart). It’s within striking distance of its all time high of $113. Wow!