My Articles:
RIM results focus to be on price, profit margin
(Reuters) – Research In Motion (RIMM) is expected to report this week it sold a whopping 11 million BlackBerries in its latest quarter, which may offset the impact of falling prices and narrower profit margins.
Next week in the markets
This are some of the important events happening next week in the markets.
More steam left in railroad stocks
On Friday, J.P. Morgan and Longbow Research joined other analysts in the past week who have raised 12-month price targets for Norfolk Southern (NSC 55.32, -0.01, -0.02%) , CSX Corp. (CSX 51.51, -.00, -0.01%) and Union Pacific (UNP 73.23, -0.01, -0.01%) .
Read more at MarketWatch
S&P RECOMMENDATION ON SHARES OF U.S. STEEL
S&P LOWERS RECOMMENDATION ON SHARES OF U.S. STEEL TO STRONG SELL FROM SELL (Standard & Poor’s) Our opinion change is based on valuation. We continue to estimate EPS of $2.68 in ‘10 and $5.73 in ‘11 and we retain our 12 month target price of $35. On our estimate for ’10’s EPS, X’s projected P/E would be in line with the P/E we apply to its main integrated peer and at a discount to the P/E we apply to its minimill rivals. After a sizable gain in the stock price, we think that X is overvalued relative to all of its peers, now selling at nearly 22X our ‘10 EPS estimate and believe X is vulnerable to a decline on that basis.
ETFs for a Likely Tech Boom
For starters, the sector appears to have strong fundamentals and is relatively cheap as compared to other sectors. In fact, as a whole, the sector boasts a projected five year PEG ratio of 1.1, which indicates that value on the expected growth of the sector is prevalent. In general, a lower PEG translates to higher value because an investor would pay less for each unit of earnings growth.
Read more at TheStreet.com
Closed positions
Today, I got closed on my QCOM positions. I have completely forgotten I had placed an order to exit at $40.25. So, the position was filled this afternoon. Not bad for a 12% gain.
Also, it was time to get ride of AA Alcoa, I sold it today @$14.80 for a 9% gain.
Buying some VIX Calls for protection
After the huge movement in the markets, is time to buy some protection against our portfolio. Even though we might continue to see some movement to the upside, I think a small pullback is about to happen. Today, I am buying some contracts on the VIX Apr $16 Call @$4.00. Best wishes everyone,
Market Strategies
Hello everyone, thank you for visiting my blog. I created this blog with the only purpose of showcasing all the opportunities that are out there in the markets in today’s world. Using stocks, options, and some ETFs; along with some technical analysis we can be in for a good ride in the markets. Let’s make 2010 a profitable year!!!!
Markets up and above 10,400
The markets were higher today, ending at some pretty good level. The S&P 500 closed at 1,115.71 up 11.22, the Dow Jones closed at 10,403.79 up 78.53, and the Nasdaq closing at 2,273.57 up some 35.31.
Buying some QCOM
Opening a position in Qualcomm this afternoon. Once the stock hit $35.85, I pulled the trigger. This is a great company with a lot of potential but lately has been taken down due to their earnings. For a trade I expect the stock to bounce to the $40 level. Take a look at the charts.
- Jerry Larach : 21% Gain in two positions is not bad at all. Keep up the good work. ...
- Mel : There is a bubble and it's hovering over the ceiling of the stock mark ...
- Jerry Larach : That was a good CALL... 15% ROI !!!! Not a bad day.... Good J ...
- Mel : Analiza EGAS y comentas como la ves ...
- Mel : Good move. You should include that transaction in the performance sect ...
- Carlos Molina : Claro, lo voy a hacer tan pronto pueda. En estos momentos mi unica pos ...
- inocente : carlitos el melvin me comento a cerca de tu pagina me gustaria aserte ...