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1. Great Scotts?
By Doug Kass
8:09 a.m. EDT
a reasonable lateral play on the
Long HD and LOW.
2. E-House China Holdings (EJ)
By Alan Farley
8:57 a.m. EDT
E-House China Holdings
is a top China play that's just reported earnings this morning. It's currently trading around $14.50. If that price holds at the open, it will trigger a breakout over the rising wedge pattern that's been in place since early April.
The upside target then becomes the top parallel of the rising wedge support line.
More comments and annotated chart
3. Stock-Split Fever
By Paul Rubillo
9:51 a.m. EDT
It will be interesting to see if stock-split "fever" is coming back (
Green Mountain Coffee Roasters
with a 3-for-2 split, who's next?)! Everyone who was a "player" in the late '90s remembers "printing" money when news of stock splits hit the wires. Oh boy, were those the days, buying
on earnings and stock splits was where the action was. If anyone else wants to chime in and email me what you remember from those days, I would love to hear some of your stories.
4. Buying Surge
By Timothy Collins
11:18 a.m. EDT
I think the buying surge we saw about an hour ago may have had a lot today with the Volatility Index (VIX) falling below 30. I've shorted the 30 straddle on the VIX here.
Short VIX May June 30 calls and puts.
5. Kulicke & Soffa Increases Revenue Outlook
By Gary Morrow
11:57 a.m. EDT
Kulicke & Soffa
is ramping today following last night's announcement that the company has raised its revenue outlook for third quarter. It now expects third-quarter net revenue in the range of $40 million to $45 million vs. its previous forecast of $32 million to $37 million. As a result, the stock is up over 20% on a huge surge in trade.
Upside volume is already well above the pace set back on
, when the stock was in the very early stages of the current rally. At this rate, positive volume will post its highest mark since last June at over 4 times the daily average.
Today's early action began with a powerful gap-higher open that quickly carried the stock to new highs for the year and its best levels in eight months. I expect Kulicke & Soffa to continue higher with a short-term upside target of $5.50. A pullback to the early May highs between $4.25 and $4.40 would be a buying opportunity. The stock has had a huge run off the November/March double bottom, and I expect the going to become a bit tougher from here. This is not the time to chase.
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This article was written by a staff member of RealMoney.com.