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.
Shorting GoldmanBy Doug Kass
8:24 a.m. EDT Ever the contrarian, I have taken a small short position in Goldman Sachs ( GS) ahead of the earnings above $150. It just seems to me that a better-than-expected number is embedded in the stock price. Positions: Short GS
Morning PrepBy Ken Wolff
8:45 a.m. EDT The momentum this morning is pretty flat after the much-anticipated Goldman Sachs ( GS) earnings report. ... I am going to look for a repeat of yesterday if Goldman holds a gap down going into the open. I will be shorting early and look for a long position and another recovery from the early drop. First Solar ( FSLR) and Potash ( POT) have been offerring some good gains if the bottom can be timed accurately... Positions: None
JNJ/CAT/EBAY/GOOGBy Jim Cramer
9:06 a.m. EDT Johnson & Johnson ( JNJ) seems fine, but there's a horrid note out of Credit Suisse on Caterpillar ( CAT) -- soft vs. hard. eBay ( EBAY) estimates raised by Goldman, surprising but lots of negative chatter out there about lackluster Google ( GOOG) numbers... Positions: Long EBAY
PPI/Retail SalesBy Tom Graff
8:54 a.m. EDT Big miss on PPI is pushing the Treasury market lower. The long bond was immediately down 1 1/2 points; it has now moderated a bit. I still think retail sales is the bigger deal. On that front, we got a beat on the headline number and a miss on the ex-autos number. Which is the better read?