| Embattled credit-card industry will adapt: analyst |
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--(www.FinancialNewsUSA.com)-- 07/01/2009 - Credit Services industry news provided by Financial News USA. View Bio More Articles by This Author RSS | Email OptionMonster co-founder Pete Najarian provides options picks Monday, Wednesday and Friday in TheStreet.com's Deep in the Money Calls newsletter. Bearish ETF attracts large trade: One investor placed a large bet Monday against the S&P 500, combining the power of options with a leveraged exchange-traded fund. Traders are bullish on McAfee(MFE Quote): Options action turned bullish for the security software maker as traders bet that its stock will rally past $45 by July expiration. Why volume is so important: Ever since the March rally began, one factor that has drawn consistent complaints is volume. Many bulls and bears alike say volumes don't appear to be keeping pace with the advance. Monday Premarket: Student loan firms trading higher: FBR Capital reiterated its "outperform" ratings while raising estimates and price targets on education lenders SLM(SLM Quote) and Nelnet(NNI Quote). [Read the full article] I've been taking a serious look at Discover Financial (DFS) the past 7-8 days as it seemed poised to break out of a recent range. Why buy a credit card company in these times? Why not - squiggly line analysis is all that matters to the computers. Profitability? Not in 2009 ... about a $1 loss estimated. 2010? Nah - not so much there either. But DFS is dirt cheap on 2012 earnings... and again, the computers have taken a liking to her and what HAL9000 likes, we must chase into.The stock has been under the 200 day moving average for a few months after a false breakout in early May. Finally, Thursday it broke above the 200 day, which is typically when I'd jump in. Then Friday it broke right back below that key level, which is typically when I smack myself in the forehead. But an analyst came to the rescue with a positive note and a $14 price target. Boo and Yah. Volume is nothing to get excited about - but we can say that about many stocks. [Read the full article] About Financial News USA Financial News USA is a Next Generation Financial Communications firm focused on the distribution of market moving news. Financial News USA has developed leading edge e-publishing tools including programming proprietary RSS feeds and enabling open source press release publishing across its network. Financial News USA has been aggressively expanding its news distribution network by targeting direct feeds to financial news and data providers such as FinancialContent, Yahoo (NASDAQ: YHOO), among others. Financial News USA offers a free news feed available online (www.financialnewsusa.com) to websites and financial services looking for content and for individual investors looking to stay informed on the financial markets. Financial News USA and its affiliates charge each client cash for news distribution and may take an equity position in the companies mentioned herein, please visit the disclaimer at www.financialnewsusa.com. 
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