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Call Updates

Cooper Industries - CBE - close: 69.33 chg: -1.56 stop: 67.49

Shares of CBE hit some profit taking on Wednesday, as the major averages turned lower. The drop under the $70 level is discouraging but readers can watch for a bounce from support at the $68.00 level.

Picked on February 03 at $ 70.01
Change since picked: - 0.68
Earnings Date 01/25/05 (confirmed)
Average Daily Volume = 436 thousand

Goldman Sachs - GS - close: 111.45 chg: -0.10 stop: 105.00

CIBC started coverage on GS with an "out perform" and this probably helped propel shares of GS to an intraday high of $113.35. Unfortunately, the weakness in the major averages pulled GS right back down to give up all its early morning gains. We would expect some follow through on today's failed rally. A dip back to $110 or the 10-dma could be ahead of us.

Picked on January 30 at $106.12
Change since picked: + 5.33
Earnings Date 03/17/05 (unconfirmed)
Average Daily Volume = 3.4 million

Put Updates

Apollo Group - APOL - close: 76.44 chg: -2.32 stop: 80.11

Good news for the bears. APOL has broken down through the bottom of its one-week trading range following yesterday's failed rally at the $80 level. This looks like a new bearish entry point although APOL has yet to break its simple 100-dma.

Picked on January 23 at $ 77.61
Change since picked: - 1.17
Earnings Date 12/16/04 (confirmed)
Average Daily Volume = 2.4 million


None today.

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