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.
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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.
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.