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.
1. 20B/AMZN vs. 400B/WMTBy Don Dion
7:57 a.m. EST
2. Earnings ReactionsBy Timothy Collins
9:39 a.m. I am locking down profits on the three earnings plays from yesterday right here at the open. Even though Citi Trends (CTRN - Get Report) beat, its guidance wasn't very strong. With the stock being off about a dollar from where I went short, I am going to step in and cover at least 75% here below 27. Analog Devices (ADI - Get Report): strong earnings, strong outlook. I am taking half of the Dec 27.5 calls off the table at 2.00 or better. American Eagle Outfitters (AEO - Get Report) has had a good reaction, and I am pulling in the small profit here at 1.15 or better on the January calls. Positions: Long ADI, AEO, short CTRN
3. Over a BarrelBy Jonathan Heller
9:56 a.m. EST Cracker Barrel (CBRL - Get Report) one of my favorite names in casual dining, beat the consensus for the first quarter, by 16 cents (78 cents vs. 62 cents). The company also raised 2010 guidance to a range of $3.05 to $3.30. There's also a real estate play here, as CBRL owns most of its locations.