Merger Rumors & Chatter Drives Options (BG, MON, NWS, MWW, NUE, SCHN, CL, AMTD, ETFC)
Originally submitted at 2:00 PM EST…. Despite the markets trading a bit lower today there was a lot of call activity today based on takeover chatter in various sectors, as the bullish move in the markets coupled with a budding M&A market have speculators active. Early morning action was in Bunge (NYSE: BG), with Monsanto [...]
E*TRADE Back to Flat (ETFC)
E*Trade Financial Corporation (NASDAQ: ETFC) was down after its earnings report last night but has recovered. The online brokerage firm posted a wider third-quarter loss due to charges over a debt exchange. Credit trends are continuing to improve and it added to Tier-1 capital. Shares were down about 3% last night but as of 8:42 [...]
Financial Junk Trades Higher (ETFC, CIT, AIG)
E*TRADE FINANCIAL Corporation (NASDAQ: ETFC) has no real news but did schedule its third quarter 2009 financial results release for after the close trading on Tuesday, October 27, 2009. As the markets are higher, traders are bidding up the low-priced or junky financial firms again. ETFC is up 1.8% at $1.75 on 350,000 shares as [...]
E*TRADE Breaking Thru Resistance (ETFC)
E*TRADE Financial Corporation (NASDAQ: ETFC) is trading up another 4% pre-market. At 8:27 AM EST we have shares at $2.06 on almost 3 million shares pre-market. This appears to just be continued buying and turnaround interest after the two upgrades last week. More importantly, this gets ETFC back over $2.00 and it closed above that [...]
E*TRADE Up At Schwab’s Expense (ETFC, SCHW)
E*TRADE Financial Corporation (NASDAQ: ETFC) is trading up best in show after Goldman Sachs raised its rating and downgraded Charles Schwab (NASDAQ: SCHW). ETFC was raised to Buy and SCHW was cut to sell. Goldman liked E*TRADE’s trading data for the month and noted that Schwab’s asset management and net interest income revenue will be [...]
E*TRADE Upgrade Cheers (ETFC)
E*Trade Financial Corporation (NASDAQ: ETFC) is surging this morning after Citigroup upgraded the online brokerage firm. The stock was raised to BUY from HOLD and at 8:09 AM EST we have seen over 1.65 million shares trade hands. This trades about 60 to 70 million shares in a day so look for volume to considering [...]
Starbucks leads stocks percolating on analyst actions (SBUX, ETFC)
Starbucks Corp. (Nasdaq: SBUX) shares are up about 2% on fairly strong premarket volumes after analysts at Robert Baird upgraded the shares to an Outperform rating, raising their price target to $17 from $15. Analysts noted that industry traffic has improved over the past three months and that the company continues to make cost cuts.
E-Trade [...]
Multi-Day Exponential Volume Alert Ahead: E*TRADE (ETFC)
E*TRADE Financial Corp. (NASDAQ: ETFC) is going to be on our “multi-day exponential volume alerts” watch list for at least the next four trading sessions. The company sold 435 million shares in a secondary offering at $1.10 per share, a 23% discount to yesterday’s close and a far cry lower than the $1.90 at the [...]
Options Spiking in E*TRADE (ETFC)
It appears as though investors and traders alike are speculating on the recent reports of Citadel being in negotiations with E*TRADE Financial Corp. (NASDAQ: ETFC). The hedge fund has already made an investment in E*TRADE and its head Ken Griffin has now taken a board seat at the company. After all, Citadel has something to [...]
TOP PRE-MARKET GAPPERS (YHOO, BRL, ETFC, HBAN, ARMH, EBAY, VCLK)
It is 9:25 AM and here are you most active gap-up and gap-down stocks this morning:
YHOO up 4.5% at $23.50 on 1.12 million shares.
Barr Pharma (BRL) up 17% at $54.80 on almost 400,000 shares.
E*TRADE (ETFC) up 11% at $3.50 on 1 million shares.
Huntington Bancshares Inc. (HBAN) up almost 20% at $6.85 on 188,000 shares.
ARM Holdings [...]
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