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If I See A Trade Like This Again, I'm Taking It

By Brice Wightman | TradingMarkets.com
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Did You Take This Trade?

I wish I did.  Here's the background: Sears and KMart finalized their merger on Thursday, and as of Monday the new symbol for the combined company--Sears Holdings--will be SHLD. Sears will be de-listed from the NYSE and SHLD will be traded on the Nasdaq. To top it all off, SHLD was added to the S&P 500 Thursday after the close, which of course means index funds must own it. Here's what KMRT looked like just before the close on Thursday:

The next time I see something like this, I'll watch it like a hawk and probably will take it.


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Big Cap Earnings Announcements for the Week of March 28

Company Symbol Estimate Date
Walgreen WAG 0.48 Monday, Mar 28
Apollo Group APOL 0.46 Tuesday, Mar 29
Best Buy BBY 1.55 Wednesday, Mar 30
Circuit City CC 0.56 Wednesday, Mar 30
Carmax KMX 0.28 Wednesday, Mar 30



Scheduled Stock Splits for the Week of March 28

Company Symbol Ratio Payable Ex-Date
R&B Inc. RBIN 2-1 Mar 28 Mar 29
Deswell Industries DSWL 3-2 Mar 29 Mar 30
Harris Corp HRS 2-1 Mar 30 Mar 31
Monarch Casino MCRI 2-1 Mar 30 Mar 31
Peabody Energy BTU 2-1 Mar 30 Mar 31
ABC Bancorp ABCB 6-5 Mar 31 Apr 1
Brookfield Props BPO 3-2 Mar 31 Apr 1
Cabot Oil &Gas COG 3-2 Mar 31 Apr 1
Chicago Bridge CBI 2-1 Mar 31 Apr 1
Option Care OPTN 3-2 Mar 31 Apr 1
St. Mary Land SM 2-1 Mar 31 Apr 1

Need more splits information? Click here.

Upcoming Economic Events for the Week of March 28

Date ET Release For Consensus Prior
March 29 10:00 am  Consumer Confidence Mar 103.4 104
Mar 30 8:30 am GDP-Final 3/26 4% 3.8%
Mar 31 8:30 am Initial Claims
Mar 23 8:30 am Personal Income Feb 0.4% -2.3%
Mar 31 10:00 am Chicago PMI Mar 60.5 62.7
Mar 31 10:00 am Factory Orders Feb 0.8% 0.2%
April 1 8:30 am Nonfarm Payrolls Mar 225K 262K
April 1 8:30 am Unemployment Rate 03/19 5.3% 5.4%
April 1 10:00 am Construction Spending Feb 0.6% 0.7%
April 1 10:00 am ISM Index Mar 55.0 55.3


Have a great weekend and Happy Easter!

Brice


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