9:05am (EST)
Futures are pointing towards a HUGE open this morning after strong earnings results from Intel (INTC, $20.49) and JPMorgan Chase (JPM, $45.66).
JPMorgan Chase easily beat Wall Street’s expectations, after reporting a profit of $3.6 billion for the quarter. Although the company said loan losses are still high and are likely to remain elevated for some time, the results were jaw-dropping.
JPMorgan said it earned 82 cents a share, up from 9 cents a share in the same quarter a year ago, but they beat estimates by 30 cents, folks! Wall Street was expecting the company to earn 52 cents a share. Wow! Shares are up $2 to $47.66 in early trading.
Of course, Intel also beat Wall Street’s estimates and we have been on this story like grass on dirt. We sent out a News Flash last night alerting our subscribers of the after-hours jump and it looks as though those gains are going to hold. In pre-market trading, shares are up 93 cents, to $21.42.
Ahead of the bell, Dow futures are up 109, or 1.1%, to 9,918. The S&P 500 futures are higher by 15, or 1.5%, to 1,084, while the Nasdaq 100 futures are surging by 25, or 1.4%, to 1,751. All aboard!
Gold continues to set record highs. This morning, the yellow metal hit a high of $1,072 an ounce. Oil is above $75 a barrel for the first time in a year.
Current subscribers can check the Members Area for more detailed instructions on how to play Intel from here on out. Many of you should have made well over 100% on the trades and some of you might reach returns of up to 200%! As always, your comments are always welcomed so send us a line if you cashed out on this huge monster!
Tags: Intel, JPMorgan Chase, options blog, options mentoring, options track record, options trade picks
This entry was posted
on Wednesday, October 14th, 2009 at 9:07 AM and is filed under Company Commentary, Earnings, Hot Stocks, Market Analysis, Market Commentary, Option Trades, Rick's Account.
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Both comments and pings are currently closed.
Dow Eyes 10,000
9:05am (EST)
Futures are pointing towards a HUGE open this morning after strong earnings results from Intel (INTC, $20.49) and JPMorgan Chase (JPM, $45.66).
JPMorgan Chase easily beat Wall Street’s expectations, after reporting a profit of $3.6 billion for the quarter. Although the company said loan losses are still high and are likely to remain elevated for some time, the results were jaw-dropping.
JPMorgan said it earned 82 cents a share, up from 9 cents a share in the same quarter a year ago, but they beat estimates by 30 cents, folks! Wall Street was expecting the company to earn 52 cents a share. Wow! Shares are up $2 to $47.66 in early trading.
Of course, Intel also beat Wall Street’s estimates and we have been on this story like grass on dirt. We sent out a News Flash last night alerting our subscribers of the after-hours jump and it looks as though those gains are going to hold. In pre-market trading, shares are up 93 cents, to $21.42.
Ahead of the bell, Dow futures are up 109, or 1.1%, to 9,918. The S&P 500 futures are higher by 15, or 1.5%, to 1,084, while the Nasdaq 100 futures are surging by 25, or 1.4%, to 1,751. All aboard!
Gold continues to set record highs. This morning, the yellow metal hit a high of $1,072 an ounce. Oil is above $75 a barrel for the first time in a year.
Current subscribers can check the Members Area for more detailed instructions on how to play Intel from here on out. Many of you should have made well over 100% on the trades and some of you might reach returns of up to 200%! As always, your comments are always welcomed so send us a line if you cashed out on this huge monster!
Tags: Intel, JPMorgan Chase, options blog, options mentoring, options track record, options trade picks
This entry was posted on Wednesday, October 14th, 2009 at 9:07 AM and is filed under Company Commentary, Earnings, Hot Stocks, Market Analysis, Market Commentary, Option Trades, Rick's Account. You can follow any responses to this entry through the RSS 2.0 feed. Both comments and pings are currently closed.