BIG SCREEN, BIG GAINS:
The headline: DreamWorks (DWA) Shares Jump As "Shrek The Third" Sees Best-Ever Opening Weekend For Animated Film
The word: Jeff Macke says Shrek and Spider-Man opened well. Now all eyes are on Pirates of the Caribbean. He adds Children’s Place (PLCE) is highly leveraged against this movie.
NEXT STOP ON THE BUYOUT XPRESS?
The headline: optionsXpress (OXPS) Shares Surge On Rumor E*Trade (ETFC) May Make Takeover Bid
The word: Pete Najarian reveals that OXPS is being rumored as a takeout candidate. He says the June options were on fire Monday suggesting the deal could happen in the next 4 to 5 weeks.
The headline: Retail Gasoline Prices Soar To Record $3.196 Per Gallon
The word: Eric says, again, buy the dips in the refiners inclduing as Chevron (CVX), Valero (VLO), Tesosro (TSO) and Alon USA Energy (ALJ).
KERKORIAN’S BIG BET
The headline: MGM Exploding After Hours
The word: Pete Najarian says Kirk Kerkorian is increasing his position in MGM Mirage (MGM) which is already 56% - and the entire industry is being revalued in after hours trading. He adds, this will likely push the market higher tomorrow but don’t chase casino names at the open.