|Day Low/High||66.52 / 67.19|
|52 Wk Low/High||56.56 / 73.34|
Today's Top Stories: Amazon's deadline to submit a proposal to build a new headquarters is today, Gilead shares are jumping as a result of the FDA's approval of a cancer treatment, today marks the 30th anniversary of Black Monday.
The Dow, the Nasdaq and the S&P 500 all reached new record highs even though drug stocks were under pressure following comments by President Trump.
"While options can give market participants the protection they are intended to provide, they can also increase the degree of a counter move, once it gets going, as those who wrote the protection scramble to unwind their own exposure." -- Kass Diary...
The first part of Flexion's decline can be attributed to some profit taking.
"Why make trillions when we can make billions?" -- Dr. Evil I started the day with a multi-part series, "Sell FANG." Here, here and here. A Bull Market in Complacency -- why volatility is low and corrections are non existent. Auction Action. N...
An old trading dictim is that you might consider selling or shorting stocks that are in the red when the market is broadly in the green (and vice versa). Some conspicuous stocks that are weak today include Comcast , Gilead , Sprint , and Lilly .
I'm setting up a risk reversal to either buy the stock lower or participate in the upside.
Buying's good for the acquirers, which should give other companies ideas.
Prospects for acquisition activity in the sector are improving.
That would mean that there is the chance for a comeback here of some note.
Monday's action failed to change the overall character of the market
"Yeah, well, that's just, like, your opinion, man." -- The Dude, The Big Lebowski Strikes and gutters today -- in a market characterized by winners and losers and weakening breadth. Ups and downs. Amazon's shares may be signaling there is no fun,...
This market is focused on Apple and Gilead's planned acquisition of Kite.
TheStreet's founder and Action Alerts PLUS Portfolio Manager Jim Cramer weighs in on Monday's trending stocks
For the life of me I don't see why Gilead Sciences' shares should respond very positively to the $13 billion acquisition of Kite Pharmaceutical . On Fast Money it is being argued that the takeover is anti-dilutive against cash. So what? It signals ...
The key to dealing with this environment is to keep an open mind.
Multiples have become quite rich and dysfunction in Washington could end up biting the markets.
Markets continue to trade in a very narrow range this Friday, commentary on the Daily Diary is certainly more active than equities today! Most major indices remain slightly down as they have been pretty much since the opening bell. The Dow has just ...
Coming up on the two-hour mark on trading. The market is down slightly down across the board, with Nasdaq being affected by disappointing results from Starbucks and Amazon . The failure to even getting a "skinny" repeal and replacement of the Afford...
It is good to be sitting in for Doug Kass here on the Daily Diary as we look to end the trading week on a positive note. It is also good to see the Yankees start to win close games again after losing so many of them in the weeks leading into the All...
Ford Motor Co. leads a list of notable earnings reports being released throughout the day on Wednesday
But this needs to heat up again for the sector to rally in a big way.
However, it will take acquisition activity to heat up again for the sector to rally in a big way.