—Earnings expected to post next Friday Macy’s Inc. (NYSE: M) reported total sales of $1.64 billion for the month of August, up 6.2% from total sales of $1.54 billion for the equivalent period last year. Same-store sales were also up 4.3% in August. “Our back-to-school business through August has been strong, led by great performances [...]
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Saks (SKS) Rumored to be in Play – Any truth to it?
By Michael Bogan Shares of Saks Inc. (NYSE: SKS) soared Tuesday on a speculative rumor or leak—intentional or not—that the luxury retailer is under scrutiny for takeover by a group of U.S. and U.K. private equity firms. The Daily Mail reported that unnamed sources told the U.K.’s No. 2 paper that a consortium of private [...]
Hot Stock Watch – Netflix: Oh No, Here Comes Google
It was Black Monday yesterday for Netflix (Nasdaq: NFLX) investors. But the stock hasn’t reflected the devastating news, yet. Oh, just give it time. According to the Financial Times, Google (Nasdaq: GOOG) is sniffing around Hollywood to make a deal that could catapult the Internet superpower into the retail movie business. Google is expected to [...]
Is it Time to Sell Salesforce.com (NYSE: CRM)?
No matter the climate on Wall Street there’s always some action somewhere. The latest action featured at center ring is the Hewlett-Packard (NYSE: HPQ) versus Dell (Nasdaq: DELL) slug fest over 3Par (NYSE: PAR). 3Par investors appear to have hit it big, with 200% gains expected for these lucky stockholders when all is done. Not [...]
Hindenburg Omen: Here’s a way to hedge against a crash
(NYSE: FAZ), (NYSE: TZA), (NYSE: TYP) The dreaded Hindenburg Omen (HO) is popping its head up in the financial news, presumably scaring many investors back into their bunkers for possibly another fall spectacle in stocks. The first HO observation of possible trouble on the horizon was on August 12, 2010. But first: what is the [...]
3 Cheap Agriculture Stocks as Potential Takeover Candidates
BHP Billiton’s (NYSE: BHP) hostile bid for Potash Corp. of Saskatchewan (NYSE: POT) has many investors now focused upon the agriculture sector for places to invest in a tough market. Forecasts of increased global demand for food are expected to raise prices of agricultural commodities. And higher commodities prices spur increased demand for more fertilizers. [...]
Market Slumps, POT Climbs 3%; BHP Expected to Raise Bid
BHP Billiton’s (NYSE: BHP) bid to takeover Potash Corp. (NYSE: POT) was rejected Tuesday, but another offer from the Australian mining company is most likely on its way. The bid for the Canadian fertilizer company comes on the heels of BHP’s year-long failed attempt to acquire rival Rio Tinto in 2008. The stakes are high, as a [...]
Drum Roll Please. John Paulson’s Latest Holdings
SPDR Gold Shares (NYSEArca: GLD), Bank of America (NYSE: BAC), CitiGroup (NYSE: C), Anglogold Ashanti (NYSE: AU), Hartford Financial Services (NYSE: HIG), ExxonMobil (NYSE: XOM), Goldman Sachs (NYSE: GS), Popular Inc. (Nasdaq: BPOP), Beazer Homes (NYSE: BZH) In his latest 13-F filing (second quarter), John Paulson, of Paulson & Co., has disclosed his latest holdings [...]
Netflix – Time to Flee or Jump Onboard?
Netflix (Nasdaq: NFLX) hit an all-time high on Thursday, up $6.58 to close at $133.05. Though shares slipped less than 1% this morning, Netflix is up 12.45% so far this week, and up an incredible 29.74% in nine trading days of August. A look at the chart reveals a moon-shot ascent since late 2008 when [...]
Fed Fights Dead Economy, but there’s Still Room to Make Money
While all eyes will focus on today’s FOMC meeting on U.S. monetary policy, traders scrambled to square positions ahead of the Fed’s response to overwhelming evidence that QE-I isn’t providing the Keynesian magic it had hoped for. Expectations now center on how aggressive—or not—the Fed will be in this U.S. post-stimulus environment, which still suffers [...]
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You Can Lead Traders To Water… But They’re Drinking DEEP On WTII!
Good morning! With Water Technologies International, Inc. (WTII) traders have a once-in-a-lifetime chance here to trade what is essentially a virgin ticker since this one only recently started trading hands. That’s because for all practical purposes, some extremely market-friendly NEWS on Friday blew away everything on the WTII chart to date. WTII volume has...
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