Selling Starbucks Premium
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Option trading
Starbucks – Verismo Brewing Machine
As we mentioned in the Morning Coffee Break Starbucks (SBUX, quote) will start selling its new Verismo single serve brew machine. The Verismo will be sold online this week for $199 and will available in stores starting next month.
Financial Select Sector SPDR and the Bernanke Floor
As we approach the 4th and final quarter of 2012 coupled with the Bernanke floor thanks to the unlimited buying of mortgage backed securities banks like JP Morgan (JPM, quote), Wells Fargo (WFC, quote) and Bank of America (BAC, quote) should do well especially with large funds chasing for performance going into year end.
Gold to continue to benefit from QE3
Gold price continued its climb higher for a second day after Federal Reserve announcement of third round of quantitative easing which weakens the U.S. dollar and in turn strengthen gold’s price as traders look for safety. The FMOC’s announcement of QE3 was more aggressive than most analysts were anticipating with a plan to purchase 40 billion USD in mortgage backed securities on a ongoing unlimited fashion until the U.S. economy