Sorry for the late email. Here are recommendations for Wednesday's opening.
For Portfolio #1: We are recommending credit spreads in the following issues.
RIMM - Research In Motion Limited (RIM) designs, manufactures, and markets wireless solutions for the worldwide mobile communications market. The company, through the development of integrated hardware, software, and services, provides platforms and solutions for seamless access to time-sensitive information, including email, phone, short messaging service, and Internet and Intranet-based applications and browsing. Its products and services principally comprise the BlackBerry wireless platform, the RIM Wireless Handheld product line, software development tools, and other software and hardware. The company?s BlackBerry smartphones use wireless, push-based technology that delivers data to mobile users? business and consumer applications. Its BlackBerry smartphone portfolio includes BlackBerry Bold series, the BlackBerry Torch, BlackBerry Curve series, the BlackBerry Style, BlackBerry Storm series, the BlackBerry Tour, BlackBerry Pearl series, and the BlackBerry PlayBook tablet. The company?s BlackBerry enterprise solutions comprise BlackBerry enterprise server, BlackBerry enterprise server express, BlackBerry mobile voice system, and hosted BlackBerry services. Its technology also enables third party developers and manufacturers to enhance their products and services through software development kits, wireless connectivity to data, and third-party support programs. In addition, the company offers BlackBerry technical support services, non-warranty repairs, and nonrecurring engineering services.
DMND - Diamond Foods, Inc. engages in processing, marketing, and distributing snack products. It provides snack products, including roasted, glazed and flavored nuts, trail mixes, dried fruit, seeds, microwave popcorn products, and potato and tortilla chips under the Emerald, Pop Secret, and Kettle brands. The company also offers culinary, in-shell, and ingredient nuts under the Diamond of California brand name. It markets its culinary nuts to individuals who prepare meals or baked goods at home; and ingredient nuts to food processors, restaurants, bakeries, and food service companies and their suppliers. The company sells its products directly to national grocery, mass merchandiser, clubs, convenience stores, and drug store chains in the United States, the United Kingdom, Germany, the Netherlands, Spain, Canada, South Korea, Turkey, China, and Japan. Diamond Foods, Inc. was founded in 1912 and is based in San Francisco.
SCCO - Southern Copper Corporation engages in mining, exploring, smelting, and refining copper ores in Peru, Mexico, and Chile. It involves in the production of copper and molybdenum concentrates; smelting of copper concentrates to produce anode copper; and refining of anode copper to produce copper cathodes, as well as refined silver and copper. The company operates the Toquepala and Cuajone mines in the Andes Mountains located southeast of the city of Lima, Peru, as well as a smelter and refinery in the coastal city of Ilo, Peru. It also operates five underground mines that produce zinc, lead, copper, silver, and gold; a coal mine, which produces coal and coke; and a zinc refinery. The company was founded in 1952 and is based in Phoenix, Arizona. Southern Copper Corporation is a subsidiary of Americas Mining Corporation.
WDC - Western Digital Corporation, through its subsidiaries, provides solutions for the collection, storage, management, protection, and use of digital content primarily audio and video worldwide. The companyÂ’s principal product includes hard drives comprising 3.5-inch and 2.5-inch form factors. It provides client compute storage products, such as hard drives under the WD Caviar and WD Scorpio brand names; and solid-state drives under the brand name of WD Silicon Edge for desktop and mobile personal computers (PCs). The company also offers client non-compute storage products, which comprise storage appliances under the My Book, WD Elements Desktop, My Passport, and WD Elements brand names; media players under the WD TV brand name; WD ShareSpace, a network-attached storage system; and WD Livewire, which enables consumers to use their existing electrical outlets to extend Internet connections, as well as offers consumer electronics products under the WD AV brand name for use in DVRs, and audio and video applications. In addition, it provides enterprise storage products, such as hard drives for enterprise and nearline storage applications under the WD S25, WD VelociRaptor, and WD RE brand names; and solid-state drives for embedded applications under the brand name of WD Silicon Drive.
We are recommending the following specific credit spreads.
Bear credit spreads = bearish call spreads.
Put credit spreads = bullish put spreads.