Posts Tagged ‘ORCL’

Options Trade Portends Recovery In Oracle Shares

Today’s tickers: ORCL, MRK & WCG

ORCL - Oracle Corp. – Shares in software company, Oracle Corp., are getting crushed today, down as much as 9.5% to a seven-month low of $30.06, after the company reported fourth-quarter sales that missed estimates for a second consecutive quarter. The sharp move in the price of the underlying on this options expiration Friday sparked heavy trading traffic in ORCL calls and puts today, with volume rising above 108,500 contracts by 11:25 a.m. ET versus the stock’s average daily volume of around 43,000 contracts. Activity in the January 2014 expiry options during the first 20 minutes of the session suggests one strategist is positioning for shares in the largest maker of database software to rebound during the second half of the year. It looks like the trader picked up roughly 5,000 calls at the Jan ‘14 $31 strike for an average premium of $2.13 per contract. The upside calls make money at expiration next year as long as shares in Oracle Corp. rally more than 10% over today’s low of $30.06 to top the average breakeven point at $33.13.

MRK - Merck & Co., Inc. – Shares in drug maker, Merck, are bucking the trend today, up as much as 2.8% in the early going to $47.60 amid a second consecutive session of selling across U.S. equities. Merck’s shares are currently off their highest level of the session to stand higher by 1.0% on the day at $46.77 just before midday in New York. Options traders anticipating continued gains in Merck’s shares in the near term appear to be buying the Jun 28 ’13 expiry weekly calls on the stock today. A burst of activity in the Jun 28 ’13 $48 and $48.5 strike calls just after 9:37 a.m. ET this morning appears to be the work of one trader snapping up more than 500 contracts at each strike at average premiums of $0.32 and $0.19 apiece, respectively. The bullish stance on MRK may pay off should shares in the name rally another…
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Apollo Group Calls In Play As Shares Rally

 

Today’s tickers: APOL, DELL & ORCL

APOL - Apollo Group, Inc. – Shares in for-profit education provider, Apollo Group, are up the most in the S&P 500 Index today after the operator of the University of Phoenix posted better-than-expected second-quarter earnings and sales prior to the opening bell this morning. Apollo shares increased as much as 15% during the first half of the trading session to touch an intraday high of $19.63, the highest level since mid-February. Trading traffic in APOL calls suggest some traders are positioning for the price of the underlying to continue higher in the near term. Weekly call volume is greatest at the Mar. 28 ’13 $20 strike, where upwards of 1,300 contracts changed hands against open interest of 103 lots. It looks like most of the volume was purchased at an average premium of $0.15 apiece, thus positioning call buyers to profit should Apollo’s shares rally another 9.5% over the current price of $18.41 to settle above $20.15 by the end of the shortened trading week. Bullish traders also picked up around 600 calls at the April $20 strike for an average premium of $0.40 each. Shares in Apollo are off their highs of the session, trading up 8.0% at $18.41 as of 11:50 a.m. ET, but are down roughly 60% since this time last year.

DELL - Dell, Inc. – Weekly puts on PC maker, Dell, changed hands on Monday morning amid a 3.0% rally in the price of the stock to $14.56 on news that Blackstone Group LP and Carl Icahn submitted proposals to purchase the company. Put buyers may be locking in gains on the stock’s more than 40% run since the start of the year, or positioning for shares in Dell to falter during the next few trading sessions. The most actively traded weekly options on Dell are the Mar. 28 ’13 $14.5 strike puts, with volume topping 3,500 lots versus open interest of 610 contracts by midday in New York. It looks like most of the put options…
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Ralcorp Call Buyers See Big Overnight Paper Profits; Symantec, Oracle Options Active

 

Today’s tickers: RAH, SYMC & ORCL

RAH - Ralcorp Holdings, Inc. – Shares in the St. Louis, Missouri-based producer of private-brand food products increased more than 25% this morning after packaged food products maker, ConAgra Foods, Inc., agreed to buy Ralcorp for $90.00 a share. Ralcorp Holdings, Inc. shares are currently up 26.3% on the session at $88.71, trading below the deal price announced ahead of the opening bell this morning. Relatively small increases in call open interest following Monday’s trading session indicates one or more strategists who established bullish positions on Ralcorp yesterday are enjoying massive paper profits on those positions today. A review of time and sales data for the Nov. $70 and $80 strike calls reveals 50 calls were purchased at each strike yesterday at premiums of $1.80 and $0.55 apiece, respectively. Double-digit percentage gains in the price of the underlying on news of the ConAgra deal now finds the value of these deep in-the-money call options up big, with last-traded prices of $18.70 and $8.70 each, respectively.

SYMC - Symantec Corp. – Upside call buying on the security, storage and systems software and services provider this morning suggests one or more options traders are preparing for shares in Symantec Corp. to potentially rally to fresh multi-year highs during the next eight weeks. The stock today trades 0.50% higher on the session at $18.39 as of 11:45 a.m. in New York. Symantec’s shares have increased roughly 40% since the end of July when the stock slumped to a two-year low of $13.06. The most actively traded options on SYMC this morning are the Jan. 2013 $21 strike calls, which changed upwards of 6,000 times against open interest of 2,162 contracts. Most of the volume appears to have been purchased for an average premium of $0.14 apiece within the first 10 minutes of the opening bell today. Call buyers stand ready to profit at expiration next year should shares in Symantec rally 15% over the current…
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Options Look For Further Gains In Fortune Brands Home & Security

 

Today’s tickers: FBHS, ORCL & WM

FBHS - Fortune Brands Home & Security, Inc. – Shares in the home and security products company that was spun off from Fortune Brands in 2011 are up 4.5% this morning at $23.27. Call options on the company, which sells products under well-known brands including, Master Lock and Moen, among others, are more active than usual today. Trading traffic in the August expiry calls suggests one or more investors may be positioning for the price of the underlying to rally to the highest level since the spin off. Upwards of 1,000 calls changed hands at the Aug. $25 strike versus previously existing open interest of 105 contracts. It looks like most of the calls were purchased for a premium of $0.40 apiece. Call buyers may profit at expiration next month should shares in FBHS rally another 9.2% to surpass the breakeven price of $25.40. Fortune Brands Home & Security is scheduled to report second-quarter earnings after the close of trading on July 25th.

ORCL - Oracle Corp. – A large bearish spread initiated in Oracle Corp. options this morning sees shares in the name potentially pulling back more than 20.0% from the current level during the second half of the year. Shares in Oracle are down 0.75% as of midday to stand at $29.47, returning some Friday’s more than 5.0% rally in the stock. It looks like one strategist initiated a 9,000-lot Dec. $23/$28 put spread, the largest blocks printing 7,622 contracts in the first 30 minutes of the trading week, for a net premium outlay of $1.08 apiece. Profits kick in on the position should shares in Oracle Corp. decline 8.7% to breach the breakeven price of $26.92, while maximum possible profits of $3.92 per contract are available should the stock drop 22.0% to $23.00 by December expiration. The put spread is the largest trade in Oracle options so far today. The transaction could be a hedge to…
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Options Remain Cautious On ORCL, LLY As Shares Rise

Options brief will resume June 25, 2012.

Today’s tickers: ORCL, LLY & NIHD

ORCL - Oracle Corp. – Shares in software giant, Oracle Corp., are up 2.3% this afternoon at $27.53 amid a broad-based rally in equities and after the stock was raised to ‘Buy’ from ‘Hold’ with a 12-month share price target of $33.00 at ThinkEquity LLC. Stocks are trading higher on speculation global central banks may take coordinated action to counter possible market shocks in the wake of Greek elections this weekend. The software maker’s shares may be on the rise today, but a sizable put spread initiated in the September expiry this morning suggests one strategist is keeping an eye on potential bearish movement in the price of the underlying. It looks like the trader snapped up 4,230 puts at the Sept. $26 strike and sold the same number of puts at the lower Sept. $23 strike, all for a net premium outlay of $0.72 per contract. The trader makes money on the spread if shares in ORCL slip 8.2% to breach the breakeven price of $25.28, while maximum potential profits of $2.28 per contract are available in the event shares plunge 16.5% to settle below $23.00 at September expiration. Oracle is scheduled to report fourth-quarter earnings after the final bell next Thursday.

LLY - Eli Lilly and Co. – The drug maker’s shares rallied to their highest level since October 2008 today, trading up as much as 0.90% to $42.17. Trading traffic in Eli Lilly options is fairly evenly distributed between calls and puts, however, the single largest transaction in the contracts today appears to be a protective or potentially an outright bearish stance on the near-term performance of the stock. Volume at any one strike today is heaviest in the July $40 put where more…
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Oracle Miss Weighs On Tech Stocks, Spurs Bearish Options Action In Cloud Space

Today’s tickers: ORCL, INFA, LEN & JAG

ORCL - Oracle Corp. – It’s clear from the 14.6% drop in Oracle’s shares to $24.91 today that investors are disappointed with what the Company had to show for its efforts in the prior quarter. The second-largest software maker yesterday posted fiscal second-quarter profits of $0.54 a share on revenue of $8.81 billion, missing average analyst expectations of $0.57 a share on sales of $9.23 billion. Put buying in the weekly options suggest some traders expect the stock to extend losses ahead of the holiday. Overall options volume on Oracle Corp. has surpassed 205,000 contracts just before 1:00 PM ET as strategists looked to initiate a variety of post-earnings stances, from bearish trades looking for more pain on the horizon, to more optimistic positions that point to potential recovery in the name. Though the report may represent a surprise to the downside for many, it looks like one options player may have read the tea leaves accurately ahead of the earnings release. The strategist appears to have sold around 16,500 long-dated Jan. 2013 $35 strike calls on Oracle back on November 22 for a premium of $2.62 apiece when shares in the software giant were trading around $29.00. The purchase of a large number of call options at the Jan. 2013 $35 strike today may mean the investor is taking profits off the table. It appears approximately 16,500 calls were purchased in the first 20 minutes of the session this morning for an average premium of $1.04 each. If the original seller of the contracts did indeed buy to close the short stance in call options today, he or she has exited the bearish position with net profits of around $1.58 per contract.

INFA - Informatica Corp. – Oracle’s big quarterly earnings miss dragged down the tech sector…
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Oracle Call Buyer Portends Big Bullish Moves Ahead

Today’s tickers: ORCL, CTCT, PLCE & KO

ORCL - Oracle Corp. – U.S. stocks are accelerating to the downside this afternoon as concerns over Europe once again sour a market that had welcomed better-than-expected economic data this morning. The sea of red includes Oracle Corp., which currently trades 3.45% lower on the day at $30.89, just before 1:00 PM in New York. The pullback in the software maker’s shares today has not deterred one optimistic trader from taking a bullish stance on the stock out in the March 2012 expiry. The investor appears to have purchased 10,000 calls outright at the Mar. 2012 $36 strike for a premium of $0.92 each. Profits are available to the trader at expiration next year in the event that Oracle’s shares jump nearly 20.0% to surpass the effective breakeven price of $36.92. Shares in Oracle hit $36.50 on May 3 of this year, their highest since 2000, but have not topped $36.92 in at least a decade. Options implied volatility on the stock is up 15.5% to stand at 41.3% this afternoon.

CTCT - Constant Contact, Inc. – Fresh prints in Constant Contact call options suggests at least one strategist expects shares in the provider of email marketing and online survey solutions to rally over the next few months. Shares in CTCT fell 3.6% in the first half of the session to stand at $22.55 just before 11:40 AM ET. It looks like more than 1,300 in-the-money calls changed hands at the Mar. $22.5 strike against previously existing open interest of 65 contracts. Call volume is hefty relative to open interest at that strike and in comparison to overall open interest on the stock of 4,157 positions. One investor appears to have purchased nearly all of the ITM calls this morning for an average premium of $2.80 apiece. The trader stands prepared to profit should shares in Constant Contact rally 12.2% over the current price of $22.55 to surpass the average breakeven point at $25.30 at March expiration. The Waltham, Massachusetts-based company is scheduled to report fourth-quarter earnings on February 2, 2012, well in advance of the March 16, 2012, expiration date on the calls.

PLCE - Children’s Place Retail Stores, Inc. – Shares in the specialty retailer of children’s apparel and accessories are up big today, rallying as much as 17.1% to an intraday high of $52.70, after the company posted better-than-expected third-quarter earnings of $1.33 a share and…
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Which Way Wednesday – Fed Edition

Click to ViewStrap in folks, it's going to be another wild ride!  

As you can see from Doug Short's S&P chart,we are about to slam right into that collapsing 50-day moving average, now at 1,223.40 – right about where the S&P topped out on yesterday's morning spike.  Unfortunately, the Nasdaq topped out and headed down before the other indexes got a chance to complete their up cycle and the Dollar rose back over the 77.50 line and tanked the market – exactly as we predicted it would at the bottom of yesterday morning's post

Of course, I can't MAKE these things happen – I can only tell you what's going to happen and give you trade ideas to help you profit from it.  I mentioned that we had picked up 10 DIA 9/30 $115.75 calls in our virtual $25,000 Portfolio at $1.05 on Monday and they topped out at $1.75 (up 66%) but we took a non-greedy exit at $1.45 in the morning spike (up 33%) and we switched to 20 QQQ 9/30 $57 calls at .45 in the afternoon sell-off.  So, we made $350 off a $1,050 investment and then we spend $900 but now we have 20 contracts instead of 10 but we also have $450 in cash so now risking just $600 of our original investment on the much more volatile Fed day.  

Another trade idea we like ahead of the Fed that's still playable is 20 FAS weekly $13/14 bull call spreads at .38 ($760), selling 10 JPM Oct $28 put for .55 ($550) for net $210 invested on the 20 $1 spreads.  The worst-case on this spread is owning JPM for net $28.10, which is 13% off the current price and the best case is a $1,790 profit (852%) in a week.  That sounds like a lot but options let you do funny things like at 11:30 in Member Chat, we saw PCLN making new highs against news that we thought was not actually that good for them on closer examination.  Our trade idea to take advantage of that was:  

If you want to play PCLN bearish – it’s very risky but the weekly $565/555 bear put spread is $6 and you can sell the $565 calls for


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Fickle Friday – Google Goes Down as Costs Inflate

Well who’d have thunk it? 

The cost of doing business is rising and GOOG happens to be one of those businesses that lacks pricing power as their rates are generally set through an auction process and their users have to VOLUNTEER to pay more money to advertise.  Most advertisers on Google are on fixed budgets, like MSM advertisers and Google has done a great job of replicating that model.  Why then, should it be surprising if a maturing Google begins to look more like a traditional media outlet than a dot com company with exploding growth?  

Don’t get me wrong, we love Google long-term but we did short them as well as BIDU into Google earnings as we felt Google would disappoint enough to spook BIDU investors as well.  We’re taking the short money and running and looking for some bullish plays now – the drop from $630 last month to $545 today is plenty of froth blown off the top for us to get long-term interested again.  As you can see from the tag cloud of the Conference Call, growth is still there, especially in mobile display ads (Android a bit disappointing) and no major negatives.  I’m not going to write a whole thing about GOOG though, there are thousands of people doing that and our Members know well enough where I stand.  I’m more interested in examining the bigger picture.  

We expected Q1 earnings to be rough and we’ve already seen FDX, NKE, ORCL, RIMM, FAST, FCS and AA struggle so hopefully you don’t have to be hit on the head with another whole week of earnings before you get a little more cautious.  Next week we hear from C, HAL, LLY, TXN, BK, GS, INTC, IBM, SYK, USB, VMW and YHOO on Monday and Tuesday and then we’re off to the races with hundreds of companies reporting each week for the rest of the month.  Our job in the first few weeks of earnings season is to get a feel for the quarter and, so far, that feeling is rough.  

It’s all about inflation, of course and don’t say we didn’t warn you about that one!  We went more  bearish up at those 100% lines we’ve been watching and now the question really is – how bad was it?  Inflation is, after all, our long-term BULLISH premise.  We don’t think corporations
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Testy Tuesday – AAPL Rebalancing in May May Keep the Nasdaq from 2,800 Today

A staff member holds the new Apple iPad2 at the Apple store in London March 25, 2011. REUTERS/Luke MacGregorThe Nasdaq is finally rebalancing!  

That is good news but not so much for Apple, Inc., whose current 20.49% weighting in the index will be cut to 12.33% on May 2nd.  This explains a lot of the strange movement in the Nasdaq as apparently the cognescenti have already begun jockying their positions – trying to guess which of the 100 stocks in the Composite Index will curry some of AAPL's lost favor.  

Perhaps the the moves up in fellow 4-letter stocks like PCLN ($25Bn market cap), NFLX ($13Bn), OPEN ($2.5Bn), BIDU ($50Bn) and GMCR ($9.4Bn) don't seem quite so crazy in light of the 40% reduction in AAPL ($314Bn) – take the money out of one bucket and you HAVE to fill up the others!  

This does make me feel better as there may actually be a rational reason for NFLX having a p/e of 82 despite the fact that they have a completely indefensible service that already has competition from several on-line clones as well as big boys like AMZN, not to mention every cable and satellite company in America.  Why does WFMI, a GROCERY STORE, trade at 41 times it's projected 2011 earnings in the middle of the worst food inflation in US history?  It's not just because rich people are stupid and will overpay for anything because they hate to have people think they can't afford stuff – it's because their market cap is $11.4Bn and if you take 40% of AAPL's $300Bn and distribute it around the Nasdaq – then WFMI get's $1.2Bn of additional allocation.  

That's not exactly how it works but that's the effect.  A $1Bn Index fund who follows the Nasdaq has $205M of AAPL stock (20.49%) and, after the reweighing, they are to have $123M of AAPL stock.  The other $82M does, in fact, get distributed to the other Nasdaq stocks according to the new weightings.  Do you think that doesn't distort the markets?  Of course, that doesn't "just" affect the Nasdaq – AAPL is a heavyweight in all the indexes.  

The special rebalancing of the NASDAQ-100 Index will be enacted based on index securities and shares outstanding as of March 31…
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Zero Hedge

The Role Of Impaired Liquidity On The Recent Treasury Market Rollercoaster

Courtesy of ZeroHedge View original post here.

Two weeks ago, on July 8 we summarized what Wall Street thought were the main reasons behind the sudden volatility observed in 10Y yields, when over the span of a few weeks, benchmark Treasury rates plunged from 1.70% to 1.30%, covering everything from fundamentals worries to technical positioning. However considering that just as volatile moves observed since then...

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Phil's Favorites

Jeff Bezos Is Not My Astronaut

 

Jeff Bezos Is Not My Astronaut

Courtesy of Scott Galloway, No Mercy/No Malice, @profgalloway

Ever since the first tribe walked out of the Great Rift Valley and crossed the Sinai into Asia, humans have been explorers. We’ve crossed continents, then oceans, and in the 20th century, left Earth itself. There’s glory in our species’ expansive nature, and as the TV show says, space is the final frontier. However, Jeff Bezos is not my astronaut.

I felt more disdain than wonder watching Richard Branson’s joyride and Jeff Bezos’s soulless flight to the Kámán Line.

Everybody Gets a “For All Mankind” Trophy...

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Digital Currencies

Is Amazon About To Start Accepting Crypto?

Courtesy of ZeroHedge

For the first time ever, Amazon has shown itself to be interested in crypto with a new major hire within its payments-focused team.

Posted on Thursday, the new role seeks an experienced product leader with expertise in blockchain, central bank digital currencies and cryptocurrencies to “develop the case for the capabilities which should be developed” and drive overall product vision.

The Payments Acceptance & Experience team is seeking an experienced product leader to develop Amazon’s Digital Currency and Blockchain strategy and product roadmap

The Amazon Payment Acceptance & Experie...



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Biotech/COVID-19

US is split between the vaccinated and unvaccinated - and deaths and hospitalizations reflect this divide

 

US is split between the vaccinated and unvaccinated – and deaths and hospitalizations reflect this divide

As coronavirus cases surge, unvaccinated people are accounting for nearly all hospitalizations and deaths. Fat Camera/E+ via Getty Images

Courtesy of Rodney E. Rohde, Texas State University and Ryan McNamara, University of North Carolina at Chapel Hill ...



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Chart School

Investing with Channels - Review

Courtesy of Read the Ticker

The US has a lot of debt, to sell more units of the debt to non US buyers the FED and Treasury must get the unit price of the debt down.

This video assumes a 'risk on' bullish bias into the Nov 2022 US mid terms. The bias assumes a US dollar trending down from it current high price of $93 on the DXY.






Chart 1 - US Dollar Channels


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Chart 2 - Ethereum/USD


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Politics

New York defines illegal firearms use as a 'public nuisance' in bid to pierce gun industry's powerful liability shield

 

New York defines illegal firearms use as a ‘public nuisance’ in bid to pierce gun industry’s powerful liability shield

Illegal gun use is now a public nuisance in New York. AP Photo/Bebeto Matthews

Courtesy of Timothy D. Lytton, Georgia State University

Could calling the illegal use of firearms a “public nuisance” bring an end to the gun industry’s immunity from civil lawsuits? ...



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Promotions

Free Webinar Wednesday: July 7, 1:00 pm EST

 

Don't miss Phil's Webinar on July 7 at 1:00 pm EST. It's FREE and open to all who wish to join.

Click here: 

https://attendee.gotowebinar.com/register/6552545459443187211

Join us to learn Phil's trading tactics and strategies in real-time!

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Kimble Charting Solutions

Crude Oil Cleared For Blast Off On This Dual Breakout?

Courtesy of Chris Kimble

Is Crude Oil about to blast off and hit much higher prices? It might be worth being aware of what could be taking place this month in this important commodity!

Crude Oil has created lower highs over the past 13-years, since peaking back in 2008, along line (1).

It created a “Double Top at (2), then it proceeded to decline more than 60% in four months.

The countertrend rally in Crude Oil has it attempting to break above its 13-year falling resistance as well as its double top at (3).

A successful breakout at (3) would suggest Crude Oil is about to mo...



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ValueWalk

Managing Investments As A Charity Or Nonprofit

By Anna Peel. Originally published at ValueWalk.

Maintaining financial viability is a constant challenge for charities and nonprofit organizations.

Q4 2020 hedge fund letters, conferences and more

The past year has underscored that challenge. The pandemic has not just affected investment returns – it’s also had serious implications for charitable activities and the ability to fundraise. For some organizations, it’s even raised doubts about whether they can continue to operate.

Finding ways to generate long-term, sustainable returns for ...



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Mapping The Market

Suez Canal: Critical Waterway Comes to a Halt

 

Suez Canal: Critical Waterway Comes to a Halt

Courtesy of Marcus Lu, Visual Capitalist

The Suez Canal: A Critical Waterway Comes to a Halt

On March 23, 2021, a massive ship named Ever Given became lodged in the Suez Canal, completely blocking traffic in both directions. According to the Suez Canal Authority, the 1,312 foot long (400 m) container ship ran aground during a sandstorm that caused low visibility, impacting the ship’s navigation. The vessel is owned by Taiwanese shipping firm, Evergreen Marine.

With over 2...



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The Technical Traders

Adaptive Fibonacci Price Modeling System Suggests Market Peak May Be Near

Courtesy of Technical Traders

Our Adaptive Fibonacci Price Modeling system is suggesting a moderate price peak may be already setting up in the NASDAQ while the Dow Jones, S&P500, and Transportation Index continue to rally beyond the projected Fibonacci Price Expansion Levels.  This indicates that capital may be shifting away from the already lofty Technology sector and into Basic Materials, Financials, Energy, Consumer Staples, Utilities, as well as other sectors.

This type of a structural market shift indicates a move away from speculation and towards Blue Chip returns. It suggests traders and investors are expecting the US consumer to come back strong (or at least hold up the market at...



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Lee's Free Thinking

Texas, Florida, Arizona, Georgia - The Branch COVIDIANS Are Still Burning Down the House

 

Texas, Florida, Arizona, Georgia – The Branch COVIDIANS Are Still Burning Down the House

Courtesy of Lee Adler, WallStreetExaminer 

The numbers of new cases in some of the hardest hit COVID19 states have started to plateau, or even decline, over the past few days. A few pundits have noted it and concluded that it was a hopeful sign. 

Is it real or is something else going on? Like a restriction in the numbers of tests, or simply the inability to test enough, or are some people simply giving up on getting tested? Because as we all know from our dear leader, the less testing, the less...



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Insider Scoop

Economic Data Scheduled For Friday

Courtesy of Benzinga

  • Data on nonfarm payrolls and unemployment rate for March will be released at 8:30 a.m. ET.
  • US Services Purchasing Managers' Index for March is scheduled for release at 9:45 a.m. ET.
  • The ISM's non-manufacturing index for March will be released at 10:00 a.m. ET.
  • The Baker Hughes North American rig count report for the latest week is scheduled for release at 1:00 p.m. ET.
...

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About Phil:

Philip R. Davis is a founder Phil's Stock World, a stock and options trading site that teaches the art of options trading to newcomers and devises advanced strategies for expert traders...

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