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. 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) 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.
3. Qualcomm Breaks Out
By Gary Morrow
11:06 AM EDT Qualcomm ( MSFT) is trading at new highs for the year with the help of this morning's 6% gain. Investors must be very pleased with what they are hearing on the conference call. The stock began the day with a powerful gap higher open that carried it above its early April highs. Volume is running very heavy as well and is already above half of the daily average. This surge in trade has pushed Qualcomm above the upper trendline of a four-week bullish pennant the stock has been trading in since the beginning of this month.
4. Closed-End Funds Warning
By Daniel Dicker
8:53 AM EDT Recently -- and quite out of the normal modus operandi -- I've noticed that the closed-end funds for equities have displayed an interesting "indicator" almost like an oscillator. The largest of these funds have moved quickly from large discounts to net asset value to having very pricey premiums. The last time this happened was a very bad sign for the market in general. For example, Alpine Dividend Fund ( AOD) displayed an 8% premium two trading days ago and has started to retract, showing a 5% premium this morning -- this after rallying from a 15% discount concurrent with the March lows in the S&P 500. The last time AOD showed this level of premium was late December 2008 -- and the subsequent action over the next three months in the market wasn't pretty. Other close-end funds show similar patterns. Not conclusive by any stretch, but another interesting indicator out there this morning. Short AOD.
5. Swine Flu Stocks
By Adam Feuerstein
12:15 A.M. EDT I find it a bit distasteful to be talking about stocks that may benefit from the swine flu health emergency, but here goes: Roche sells Tamiflu, one of two antivirals used to treat the flu. Gilead ( GILD) receives about a 20% royalty on Roche's Tamiflu sales. GlaxoSmithKline ( GSK) sells the other flu antiviral medicine, Relenza. Long Gilead in the BioTech Select model portfolio. For a 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.