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BMY and AMZNBy Jim Cramer
6:32 a.m. EDT Both Bristol-Myers Squibb ( BMY) and Amazon ( AMZN) made great, additive acquisitions last night. If you have never been on Zappos, I'll tell you that it is the ultimate virtual department store. BMY needed growth and had cash that was doing nothing; this Medarex acquisition makes a growth change for them. Positions: Long BMY
F5 Networks Cup and HandleBy Alan Farley
7:34 a.m. EDT F5 Networks ( FFIV) is trading near $37 this morning, after a positive response to last night's earnings release. The stock has been hovering near its August 2008 high for the last six weeks and has now completed a bullish-looking cup-and-handle breakout pattern. The top of the recent range is near $37.25, so it's still hard to tell if this morning's open will trigger a notable breakout or a range swing. Initial reward after a breakout is limited to $40 because a 2007 unfilled gap at that level is likely to attract selling pressure. Longer-term, the stock could finally test its all-time high, posted at $46.94 in July 2007. Annotated chart here. Positions: None