I am not sure what to make of this but last week two separate reports surfaced about heavy buying of NTL call options. Here is the comment that appeared on StreetInsight.com: U.K. based media company NTL Holdings (NTLI-$27) is trading almost 8 times its average daily call option volume today, with over 9,000 contracts changing […]
The June signals from Northlake’s models led to significant shifts in client and personal portfolios on Thursday. Overall, the changes moved portfolios from being small and mid cap biased to being large cap biased. The result reduces risk and volatility by moving half of the S&P 400 Mid Cap (MDY) exposure to the S&P 500 […]
In a post yesterday on Real Money, my colleague Jim Cramer noted that despite massive sell-offs in equity markets in Brazil and India, he wasn’t yet seeing any real weakness in the fundamentals for either economy. I think Jim’s comments probably go beyond Brazil and India to include most other emerging markets. Of course, a […]
If this summer is “the last stand” for the box office bulls, the third installment of the X-Men franchise should make shorts nervous. Debuting as the 5th best four day opening, the 4th best three day opening, and the second largest Friday opening, X3 racked up $120 million over the Memorial Day weekend. Along with […]
I am not a fan of the satellite radio stocks although I am an extremely happy and enthusiastic Sirius subscriber. I never listen to CDs or the radio in my car since getting Sirius two years ago. My issue with the satellite radio stocks has been valuation relative to the cost of obtaining and maintaining […]
My friend and fellow money manager, Doug Kass, is making a good call to short Dreamworks Animation (DWA) on the back of less than stellar box office for Over The Hedge. There are no catalysts for DWA unless the film does surprisingly well this weekend. Short of buyout rumors becoming reality I see little upside […]
The Da Vinci Code grossed $8.9 million Monday. That is very strong, 11th all-time for a Monday according to MovieCityNews.com, trailing only franchises like Star Wars and Lord of the Rings. I had been thinking the $77 million opening might lead to a low $200 million domestic run but based on the Monday figure, a […]
Central European Media Enterprises (CETV) shares fell 6% on Monday to close at $58.50. The stock got as low as $55.30, down more than 11%, before recovering. I was nibbling in the morning so I could add to positions in a few new client accounts where I was averaging down. You can take my willingness […]
Central European Media Enterprises (CETV) shares fell 6% on Monday to close at $58.50. The stock got as low as $55.30, down more than 11%, before recovering. I was nibbling in the morning so I could add to positions in a few new client accounts where I was averaging down. You can take my willingness […]
Despite poor reviews, The Da Vinci Code exceeded estimates with weekend ticket sales of $77 million in North American theatres. The weekend gross exceeded estimates in place prior to poor reviews out of Cannes. Along with a solid performance from Over The Hedge and reasonable business from other films in wide release, the year-over-year decline […]
