Take a look the data due to be released over the next few days….
Tuesday: Agco (AG), Archer Daniels Midland (ADM), Arris Group (ARRS), Avon Products (AVP), Bemis Company (BMS), British Petroleum (BP), Buffalo Wild Wings (BWLD), Burlington Northern Sante Fe Corp (BNI), Corning (GLW), Countrywide (CFC), Daimler AG (DAI), Domino’s (DPZ), Energizer (ENR), Express Scripts (ESRX), General Cable (BGC), Medco Health Solutions (MHS), Office Depot (ODP), Panera Bread (PNRA), Under Armour (UA), US Steel (X), Valero (VLO), Waste Management (WMI).
Wednesday: Akamai (AKAM), Centex Corporation (CTX), Colgate-Palmolive (CL), Cummins (CMI), Dean Foods (DF), First Solar (FSLR), Garmin (GRMN), General Motors (GM), HESS Corp (HES), IAC (IACI), Ingersoll-Rand (IR), International Paper (IP), Kellogg (K), Kraft (KFT), Murphy Oil (MUR), National Oilwell Varco (NOV), OfficeMax (OMX), Proctor & Gamble (PG), Prudential (PRU), SAP AG (SAP), Starbucks (SBUX), Sunoco (SUN), Symantec (SYMC), Time Warner (TWX).
Thursday: Administaff (ASF), Annaly Capital Mgmt (NLY), Automatic Data Processing (ADP), BEBE Stores (BEBE), Burger King (BKC), Cabelas (CAB), Callaway Golf (ELY), Cardinal Health (CAH), Cephalon (CEPH), Chesapeake Energy (CHK), Cigna (C), Clorox (CLX), Comcast Corp (CMCSA), Comscore (SCOR), CVS Caremark (CVS), Dominion Resources (D), Dynamic Materials (BOOM), Eastman Kodak (EK), Expedia (EXPE), ExxonMobil (XOM), Investools (SWIM), Marathon Oil (MRO), MetLife (MET), Monster Worldwide (MNST), Noble Energy (NBL), Nymex (NMX), Sun Microsystems (JAVA), Tyco International (TYC), Wyndham Worldwide (WYN), Wynn Resorts (WYNN).
Now ask yourself if you really want to be fully invested without hedging with this plethora of data still to come!
At Stock and Option Trades, we made the easy money in April since our bottom call in the middle of the month, closing out all of our April trades profitably within days of opening them thanks to big moves and good timing in the FXI, EEM and FCX. And our latest trade is risk-free through May, yet can profit in any number of directions. Innovative and profitable strategies is what we strive for!
We’re not the only ones happy to have some cash built up through April. Phil is back to 70% cash in his Complex Spreads virtual portfolio. We fully expect this volatile Year of the Rat to continue to surprise when surprise is least expected. We do believe a little more upside is possible, but as April comes to a close, we’ll be sitting with a heavy cash pile while our remaining positions will be heavily hedged.
The chart above reflects a fairly flat NASDAQ (up 1.47 points! ~ 0.06%). The Dow was down just 20 points (-0.16%) and the S&P 500 was down just 1.47 points (-0.11%). But don’t expect the week to continue as it began. The fireworks are in place (earnings and economic data due to be released), the fuses have been lit (results are in!) and all seems calm before the show begins. Make sure you question every position in your virtual portfolio before the show begins because nobody likes it when the show ends and the fireworks fizzle.
Have a great evening!
