Recent Articles
Trade Of The Day – Buy Allegheny Technologues
May 17, 2010 Trading Idea Comments Off
From the latest issue of Navivest Active Trader.
We are looking for a rebound in the stock market in the next couple days and Allegheny Technologies (ATI), which is close to support, should move to the upside nicely. Buy here between $51.75 and $51.90.
SAP Buying Sybase For $5.8 Billion
May 12, 2010 Company News, Mergers & Acquisition Comments Off
German business software maker SAP (SAP) is buying Sybase (SY) for $65 a share or a total of $5.8 billion. In late day trading during the regular session, shares of Sybase started rallying, ending the day at $56.14, up $14.57 or 35.05% on rumors that the company is a takeover candidate. The stock is up another $8.36 to $64.50 in after hours trading.
Sybase Shares Rallying On Takeover Rumors
May 12, 2010 Mergers & Acquisition, Stock to watch Comments Off
Shares of software maker Sybase (SYB) are rallying 39% on rumors the company might be a takeover candidate. The stock is up $16.19 to $57.76 a 38.95% gain at 3:35 PM.
Google Shares Underperforming Market Today
May 12, 2010 Stock to watch Comments Off
On a day when all the major stock market indices are rallying and the tech laden Nasdaq is leading the way, shares of Google (GOOG) are down $4.05 to $5.05. There is no apparent news on the company.
IBM Leading Dow Rally With 4% Gain
May 12, 2010 Company News, Stock to watch Comments Off
Shares of IBM (IBM) are up $5.09 to $131.98, helping to boost the Dow to a 132.63 points gain in late trading. The company announced this morning that it will be spending $20 billion on acquisitions over the next five years.
Baidu Shares Split 10 To 1
May 12, 2010 Stock to watch Comments Off
Shares of Chinese internet company Baidu (BIDU) started trading on a 10:1 split adjusted today. As of 2:50, the stock was up $6.37 to $77.79, which on a split adjusted basis, is an all time high.
AIG Stock Rallying
May 7, 2010 Company News, Stock to watch Comments Off
Shares of troubled insurer AIG (AIG) are a standout today, after the company this morning reported a 2010 Q1 profit of $1.4 billion, compared to a $4.35 billion loss in the same period a year ago.
At 2:03 PM, the stock is up $3.10 to $39.
Interactive Data To Be Acquired For $3.4 Billion
May 4, 2010 Company News, Mergers & Acquisition Comments Off
Interactive Data Corporation (IDC), which provides financial market information, announced today that it had entered into an agreement to be acquired by two private equity funds, Warburg Pincus and Silverlake, for $33.86 per share or $3.4 billion in an all cash transaction.
Back on January 15, the company announced that its board was conducting a preliminary review of strategic alternatives for the company. The news sent the stock from a close of $25.47 the day prior, to a close of $29.07 on the 15th.
The $33.86 per share price represents a 32.9% premium over the closing price on January 14. IDC expects that the deal will close in the third quarter.
The Technical Trader – Google
May 3, 2010 Uncategorized Comments Off
Google’s (GOOG) stock, which closed at $595.30 on April 15, have fallen to $530.60 (05/03/10). At current levels, the stock may not only have found support, but is also forming a triple bottom. Multiple bottoms are generally bullish technical signals and we could see Google shares rebound from current levels, assuming the stock market holds up.
On March 24, with Google having pulled out of the mainland China market, we posted a Google Baidu (BIDU) trade that recommended shorting Google and going long Baidu. Google was at $541.33 and Baidu was at $610.42. Google is down $10 since then and with Baidu closing at $708.99 on 05/03/10, we are up $98.57 in those shares. Obviously, we are closing out the Google short position here.
Dendreon Extends Gains On Provenge Approval
Apr 30, 2010 Company News, Stock to watch Comments Off
Biotech company Dendreon (DNDN) saw its shares rally a second day, even though the stock market had a big down day, with the three major indices falling between 1.42 and 2.02%.
Dendreon’s stock rose $3.88 to $54.06, a gain of 7.73%. Yesterday, the shares rose $10.56, on news that the FDA was approving the company’s Provenge drug, which was developed for the treatment of prostate cancer.
