This Day On The Street
Continue to site
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

Top Takes From RealMoney

The RealMoney contributors are in the business of trading and investing all day on the basis of ongoing news flow. Below, we offer the top five ideas that RealMoney contributors posted today and how they played those ideas.

TheStreet.com brings you the news all day, and with RealMoney's "Columnist Conversation," you can see how the pros are playing it on a real-time basis. Here are the top five ideas played today. To see all that RealMoney offers, click here for a free trial.

1. Sold Walgreen After a Nice Six-Week Run


By Brian Gilmartin
12:11 P.M. EDT

We sold the majority of our Walgreen (WAG) today after a nice six- to eight-week run off the low $20s. Walgreen will report April '09 sales next week and the stock is struggling here around its 200-day moving average and the downward sloping trend line off the October '07 high.

After putting in a double bottom in the low $20s in both October '08 and March '09, we bought Walgreen for a bunch of accounts and the trade worked well, for between a 15% to 25% gain in the last six to eight weeks. We remain long one low cost basis position from June 1997 at $12.66 per share.

We'd love to try and repurchase Walgreen on a retrace to the $25 to $26 area. The new CEO is doing the right things though; Greg Wasson has boosted margins, managed expenses better and Walgreen reported its best quarter ever of cash-flow from operations in late March '09.

Long Walgreen.

2. Whirlpool Up Big; Still Cautious


By Eric Jackson
11:31 AM EDT

Earlier this morning, I expressed surprise that Whirlpool (WHR - Get Report) was trading down in premarket after it released quarterly numbers. With cost controls, the company posted a slight profit instead of a loss as the market expected. I expected a big rally, given how that kind of news has been received lately by the market.

1 of 3

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!
SYM TRADE IT LAST %CHG
WAG $81.65 2.05%
AOD $9.06 0.00%
GSK $46.85 0.00%
GILD $102.94 0.00%
MSFT $48.03 0.00%

Markets

DOW 18,037.97 -42.17 -0.23%
S&P 500 2,108.92 -8.77 -0.41%
NASDAQ 5,060.2460 -31.8390 -0.63%

Partners Compare Online Brokers

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs