TEX - $82.39 +2.44 Terex Corp *** Stop Loss $75.00 ***
Terex bounced out of the gate at the open on Monday triggering out breakout entry at $81 only to fall back on Tuesday to $78. Fortunately with the help of a Prudential upgrade to buy the stock closed at an all time high on Friday.
Terex Corporation (Terex) is a diversified global manufacturer of capital equipment delivering solutions for the construction, infrastructure, quarry, mining, shipping, transportation, refining and utility industries. The Company operates in five business segments: Terex Construction, Terex Cranes, Terex Aerial Work Platforms, Terex Materials Processing & Mining, and Terex Roadbuilding, Utility Products and Other. The Company's products are manufactured at plants in North America, Europe, Australia, Asia and South America, and are sold primarily through dealers and distributors worldwide. During the year ended December 31, 2005, it acquired Halco Holdings Limited and its affiliates, and Power Legend International Limited and its affiliates. It entered into a joint venture with North Hauler Joint Stock Company Limited to produce high-capacity surface mining trucks in China. It has a 50%-ownership interest in Sichuan Changjiang Engineering Crane Co., Ltd.
Breakout target $81.00 Hit 5/07
Position: Jan-09 $90 LEAP Call VXQ-AR @ $16.40
AAPL - $108.79 +7.99 Apple, Inc
Definitely no complaints. Apple broke out to hit our entry target at $102 on Monday and never looked back. We wanted to get into the stock on a breakdown before the iPhone begins delivering in June. Unfortunately it never broke down and we were forced to buy the new high. So far, so good. Various analysts are targeting $125 in the near term but if Apple has a strong iPhone opening it could be much higher.
Apple Inc., formerly Apple Computer, Inc., designs, manufactures and markets personal computers and related software, services, peripherals and networking solutions. It also designs, develops and markets a line of portable digital music players along with accessories, including the online sale of third-party audio and video products. Apple Inc.'s products and services include the Macintosh line of desktop and notebook computers; the iPod line of portable digital music players; the Xserve server and Xserve redundant array of inexpensive disks (RAID) storage products, a portfolio of consumer and professional software applications; the Mac OS X operating system; the iTunes Store, a portfolio of peripherals that support and enhance the Macintosh and iPod product lines, and a variety of other service and support offerings. It sells its products worldwide through its online stores, its retail stores, its direct sales force, and third-party wholesalers, resellers and value-added resellers.
Breakout target: $102.00 Hit 05/07
Position: Jan 2009 $110 LEAP Call VAA-AB @ $17.50
DB - $159.60 +3.77 - Deutsche Bank *** Stop Loss $152 ***
I said last week I expected a breakout over $156 but I did not expect it to gap open +$2 on Monday. The stock has been very volatile this week on the various news events. Since it has operations in Europe and Asia it benefited from the Chinese investment policy change. Let's hope it sticks.
Deutsche Bank AG offers investment, financial and related products and services to private individuals, corporate entities and institutional clients around the world. It has three divisions: Corporate and Investment Bank, which comprises Corporate Banking and Securities and Global Transaction Banking that serves large and medium-sized corporations, financial institutions, public sector and multinational organizations; Private Clients and Asset Management, which comprises Asset and Wealth Management and Private and Business Clients and serves retail and small corporate, as well as affluent and wealthy clients and provides asset management services to retail and institutional clients, and Corporate Investments, managing the majority of Deutsche Bank's alternative assets portfolio and other debt and equity positions. In January 2007, the Company acquired MortgageIT Holdings, Inc., a residential mortgage real estate investment trust. The Bank is headquartered in Frankfurt/Main, Germany.
Breakout target: $156.50 Hit 05/-7
Positon: Oct $160 Call DB-JL @ $7.00