| Bears looking to hammer GameStop and Stock futures show small gains, euro meeting eyed |
| News - Financial News |
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GameStop is trying to climb, but the bears want to drive it lower.optionMONSTER's Depth Charge monitoring program detected the purchase of more than 8,000 January 24 puts for $0.32 to $0.56. Volume was above open interest in the strike, indicating that new positions were initiated.The activity occurred one session after GME pushed above its 200-day moving average and touched its highest level since mid-November. It also comes immediately before the release of holiday sales data this morning, which suggests that traders expect a disappointing number.The videogame retailer has repeatedly issued weak results, and there is a large constituency of short sellers convinced that it will go out of business as customers shift to the Internet and away from traditional channels. Nonetheless, it has no net debt and trades at cheap multiples.GME fell 1.54 percent to $24.87 on Friday. [Read the full article] The Dow Jones Industrial Average is up today by 0.03% to 12,363. Although markets are basically flat, here(TM)s why these stocks are strongly outperforming the index.Caterpillar Inc will expand its headquarters of research and development in China to facilitate the growth of Asia-Pacific market, company and local government officials said. China is the largest construction equipment market in the world, and Caterpillar continues to invest in China to help our Chinese customers succeed and to position Caterpillar for long-term leadership in China, said Caterpillar VP Tana Utley. CAT shares recently traded at $96.90, up $1.14, or 1.19%. They have traded in a 52-week range of $67.54 to $116.55. Volume today was 2,905,417 shares versus a 3-month average volume of 8,634,090 shares. The company(TM)s trailing P/E is 14.81, while trailing earnings are $6.54 per share. [Read the full article] Equity markets hit the ground running last week as investors came back from the holiday weekend with a fairly optimistic outlook for 2012. U.S. stocks started off the year with a solid rally as investors(TM) confidence was bolstered by multiple better-than-expected economic data reports; consistent improvements in the housing market coupled with a downtick in the unemployment rate were enough to reignite bullish momentum on Wall Street. Gold inched higher last week, climbing back over $1,600 an ounce, although the precious metal continues to face headwinds given the looming uncertainty stemming from the Euro zone.The coming week will be fairly busy with activity and economic data releases both at home and on the international front. Below, we highlight ETFs that may see an increase in trading activity as relevant market data is released and evaluated by investors:Prospects for the U.S. [Read the full article] 
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