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 Turn short-term stock moves into big-time gains | ||||||||||
 Market Recap: Dow Dips on Tight Consumer Spending; Palm Props Up TechBy Elizabeth Harrow Stocks ended the week mixed, thanks to the day's earnings and economic data It's probably safe to say that we've all learned an important lesson or two about fiscal responsibility during the past year. As evidence, the Commerce Department reported this morning that the personal savings rate surged in May to 6.9%, its highest point since December 1993. Meanwhile, consumer spending rose only 0.3% during the month, revealing that we're socking away much more than we're saving. Unfortunately, widespread frugality is anathema to an economic recovery, and traders expressed their anxiety over the nation's collective belt-tightening by sending stocks modestly lower. One bright spot was the tech sector, which defied the day's negative bias following a better-than-expected earnings report from Palm, Inc. (PALM) -- the equity rallied 15.7% and tagged its highest price in more than nine years in the wake of its fourth-quarter results. | Featured Video   Options Spotlight: Silicon LaboratoriesSchaeffer's Senior Equities Analyst Jocelynn Drake looks at the technical performance of the Silicon Laboratories | |||||||||
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| Today's Top Stories from SchaeffersResearch.com Trading Tools to Build Your Portfolio: Legg Mason, Inc. (LM) Lures Both Bulls and BearsThe July 25 strike garnered attention on both sides of the options pits Options Update: BJ Services Company Flooded by Put VolumeOil equipment and services company attracts heavy put volume Option Activity Alert: Are Call Buyers Truly Bullish on UAL Corporation?The stock's sentiment backdrop offers up some seriously mixed signals Options Spotlight: Silicon LaboratoriesA bullish candidate sees a surge in put trading Options Report: Digging for Trading Opportunities in the Steel SectorExamining the steel sector for bullish and bearish option trades | What's Buzzing on the Daily Option Blog Drug Speculation Sparks Call Activity on Amylin Pharmaceuticals, Inc. (AMLN) Potash Corp. of Saskatchewan (POT) Entices Put Traders on Gloomy Guidance Awaiting D.C. Decision, Call Traders Have Faith in Force Protection, Inc. (FRPT) ArcelorMittal (MT) Attracts Optimistic Analysts, Option Traders Call Volume Heats Up on Sun Microsystems, Inc. (JAVA) | |||||||||
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