Tag Archives: ORCL and JAVA deal

Stocks to Focus for Monday, April 20, 2009

YOU make hay when it’s hot and sunny …. You make money when the markets are HOT!!!  The markets have been hot for the past few weeks … 

TaurusTrader portfolio had a great week ….  We were able to sell  6 positions for profit.  CMED (12.9%), AGU (10.7%), TNA (18.7%), WNR (15.3%) and GNK (18.0%) hit their profit targets.  GNK was sold on Friday (Apr 17) @ 18.50.  We added GNK on April 14 for $15.67 … that’s an incredible 18% profit in just 3 days!  WNR was also sold on Friday for $13.60.  WNR was bought on 3/17/2009 for $11.80.  During the week, we also liquidated 50% position in AMR for a 31.1% profit.  XRT was stopped out, but we still made >1% profit on the position.  All remaining positions advanced for the week.

By the end of the week TaurusTrader swing portfolio had positions in –  AMR (50%), FCN, HON, HSP, WDC, EXP, and FMX.

This coming week should be interesting as more and more companies stepping n to earning confession. 

BAC released Q1 earnings this morning …. it earned (EPS 0.44) more money in Q1 compared to all of last year!  Banking sector earnings look decent.  However, the threat of ‘stress test’ and lack of details there off, credit card defaults, and commercial real estate worries – are holding back any advance in stock prices. 

With the global economy showing signs of stabilizing, M&A activities have started to emerge. ORCL announced a $7.4 billion ($9.50 a share) deal to acquire JAVA this morning, triumphing over IBM  …. these are good signs.

For Monday … I’ll again be on the side line, but will be closely watching the technology, transport, and banking sectors for new opportunities.

Happy trading …