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. Nokia Powers HigherGary Morrow
4/16/2009 1:48 PM EDTVolume is running very heavy in Nokia ( NOK) today. The stock is up 10% following today's first-quarter earnings report. Nokia began the day with a powerful gap-higher open that lifted the stock to its best level since early January. The stock has come off a bit since the open but has maintained the bulk of the gains with the help of heavy upside volume. This surge in trade, the heaviest in eight weeks, has pushed Nokia above heavy resistance near the $14 area. Considering the stock is now over 20% above its March close, a healthy pullback is likely in the next week or so. Strong support is now in place between $13.50 and $14. A re-test of this area would provide a low-risk buying opportunity before the rally can continue. On the upside, I expect Nokia to test its January/December highs just above $16 in the next few weeks. The stock will encounter some heavy supply in that area. Just above is the 200-day moving average at $17 -- Nokia has not tested this in over a year.
2. Home Financing Takes a Cue From the CarmakersPaul Rubillo
4/16/2009 11:54 AM EDT A Realtor friend just sent me this bit of news regarding Clayton Homes (owned by Berkshire Hathaway ( BRK.A). The homebuilder just announced a payment protection program that will cover homeowners' mortgage, insurance and property taxes for three months on new homes purchased between March 1 and June 30 if the owner becomes unemployed after the purchase. The more I see programs like this, the more bearish I become on real estate as an investment class. The prospects for stocks are looking much better at this point. No positions
3. Glaxo: Waving the White Flag in HIVAdam Feuerstein
4/16/2009 9:34 AM EDT Today's announcement that GlaxoSmithKline ( GSK) and Pfizer ( PFE) are merging their respective HIV drug businesses is a sign that Glaxo (and perhaps Pfizer as well) is no longer able to compete in the market against Gilead Sciences ( GILD). Glaxo is the Norma Desmond of the HIV world, while Pfizer's marketing efforts can't stand up without training wheels. If either company were serious about the commercial market for HIV, they'd be partnering and/or acquiring more promising and competitive HIV drugs. Instead, a newco in HIV that combines drugs from Glaxo and Pfizer doesn't do anything to alter the competitive landscape, nor does it threaten Gilead's dominant position. In fact, this deal signals an acknowledgement by Glaxo that recent market-share losses to Gilead are accelerating. Long GILD in the Biotech Select model portfolio
4. Mickey D's: Holding Up While Burger King SputtersDavid Sterman
4/16/2009 7:37 AM EDT Shares of McDonald's ( MCD) fell less than 2% yesterday on a day when Burger King ( BKC) fell more than 15%. BKH announced that total sales were roughly flat in the quarter (with comps negative), due in part to a big traffic slowdown in March. Shares of McDonald have outperformed Burger King by about 15% over the last year (prior to yesterday's sharp sell-off in BKC).
5. The Blackstone Group: Positioned to BenefitChristopher Atayan
4/16/2009 7:00 AM EDT Blackstone Group ( BX) is sitting in a strong position. The company has plenty of cash, a strong balance sheet and lots of savvy pros. As we come into the bottom of the economic cycle, Blackstone will be able to take advantage of the opportunities for attractive investments. No positions For free trial to Real Money, where you can get updated trading and investment ideas throughout the course of the day, please click on the tile below.