The Week Ahead Webinar - May 31st, 2015
$PCLN – Nice End To The Week
$CMG offered a nice trade yesterday for those willing to take a profit (the stock fell today) $PCLN had a similar move this time to the downside.
Those $.55 puts went for over $6 later on in the session.
The chatroom was enjoying the move. A few of the trades today:
Friday Focus – It’s The Mergers and Acquisitions Stupid
Three months ago I was busy shouting about the buybacks. It's the Buybacks Stupid! In my February piece I noted how corporate buybacks were helping to fuel a rally to record stock prices. Companies of all shapes and sizes are buying back their own stock thereby reducing outstanding shares. But it's not just the buybacks!
Mergers and Acquisitions are on a record pace in May. And judging by current action and rumors - June could be setting up to be just as explosive. We've had quite a few announced and rumored deals this week alone. Today $HUM, yesterday $ALTR, the prior day $BRCM. It's been an incredibly acquisitive week, to cap a record month.
May 29th, 2015 Watch List
Friday Morning Reads 5-29-15
Stock futures are off the lows to start the last trading day of the week.
Here are this morning's reads: