9:05am (EST)
Futures are pointing towards a higher open this morning following reports of a new bailout package for Greece. The foreign markets rallied overnight on growing hope that the European nations will announce a bailout deal to help Greece with its mounting debt problems.
The market is also getting a lift after American International Group (AIG, $28.23, up $3.46) agreed to sell its Asian life insurance business to Britain’s Prudential PLC for $35.5 billion. It’s the biggest deal yet made by AIG since it received multiple bailout packages from the government during the credit crisis but the company is still bleeding. AIG reported disappointing fourth-quarter results Friday and continues to lose massive amounts of cash.

In other earnings news, Dish Network (DISH, $20.07, up $0.10) reported a profit of $179 million, or $0.40 a share, versus $217 million, or $0.48 a share, in the year earlier period. Wall Street had been expecting $0.32 a share.

Dish Network
As we head to press, Dow futures are up 27 points to 10,338 while the S&P 500 futures are higher by 1,106. The Nasdaq 100 futures are showing a 6 point pop and are at 1,824. We profile a NEW TRADE this morning in the Members Area so let’s get to it…
Tags: AIG, DISH, Dish Network, option picks, option signals, options alerts, stock options trading
This entry was posted
on Monday, March 1st, 2010 at 9:06 AM and is filed under Company Commentary, Earnings, Market Analysis, Market Commentary.
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Bulls Ready To Run
9:05am (EST)
Futures are pointing towards a higher open this morning following reports of a new bailout package for Greece. The foreign markets rallied overnight on growing hope that the European nations will announce a bailout deal to help Greece with its mounting debt problems.
The market is also getting a lift after American International Group (AIG, $28.23, up $3.46) agreed to sell its Asian life insurance business to Britain’s Prudential PLC for $35.5 billion. It’s the biggest deal yet made by AIG since it received multiple bailout packages from the government during the credit crisis but the company is still bleeding. AIG reported disappointing fourth-quarter results Friday and continues to lose massive amounts of cash.
In other earnings news, Dish Network (DISH, $20.07, up $0.10) reported a profit of $179 million, or $0.40 a share, versus $217 million, or $0.48 a share, in the year earlier period. Wall Street had been expecting $0.32 a share.
Dish Network
As we head to press, Dow futures are up 27 points to 10,338 while the S&P 500 futures are higher by 1,106. The Nasdaq 100 futures are showing a 6 point pop and are at 1,824. We profile a NEW TRADE this morning in the Members Area so let’s get to it…
Tags: AIG, DISH, Dish Network, option picks, option signals, options alerts, stock options trading
This entry was posted on Monday, March 1st, 2010 at 9:06 AM and is filed under Company Commentary, Earnings, Market Analysis, Market Commentary. You can follow any responses to this entry through the RSS 2.0 feed. Both comments and pings are currently closed.