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. Oracle Comes in Out of Nowhere to Scoop up the Sun!
By Paul Rubillo
7:58 a.m. EDT Today's news of a Sun ( JAVA) acquisition by Oracle ( ORCL) is quite a surprise, and leave it to Larry Ellison to announce the deal on the day IBM ( IBM) is set to report earnings. My guess is that there will be little commentary from IBM's management on today's big story. I'm wondering if Sun's management relaxed their concerns about the due-diligence time factor for the Oracle deal to come about so quickly after the failed IBM negotiations. Market not liking the deal for Oracle so far, with the stock down nearly 6% in the premarket. Long IBM on our "Recommended" list
2. Palm (PALM) in Double Digits
By Alan Farley
8:00 a.m. EDT Palm ( PALM) is trading over 10 this morning, after a BoA/Merrill upgrade. The stock has been trying to clear resistance at 10 since an exceptionally strong recovery stalled just under that level in February. The longer-term chart shows another hurdle around 10.35. Once that level is breached on a closing basis, momentum could kick in and set off a strong rally. More technical comments and annotated chart here. Long PALM