Joel Elconin

The Financial Select Sector SPDR Fund (NYSE: XLF) is a bit leaner on Monday following a transfer of its real estate assets into the Real Estate Select Sector SPDR Fund (The) (NYSE: XLRE). Back in June, the S&P Dow Jones Indices (SPDJI) announced that the XLF’s benchmark, the Financial...

There’s a whole class of traders out there that trade merger & acquisition (M&A) rumors and news. When one company makes a buyout bid for another company, the bid is typically priced at a premium to the target company’s market value at the time of the bid. As a result, buyout...

Technical analysts often use Fibonacci retracement levels as targets when trading stocks. The key Fibonacci numbers are ratios derived from the Fibonacci series. A Fibonacci series starts with 0 and 1 and then each successive number is the sum of the previous two (0,1,1,2,3,5,8…). The...

There’s no worse feeling as a stock trader than when a stock you’ve been watching gaps up or down, and you feel like you missed the big move. However, gap traders know that these scenarios often present golden gap-trading opportunities. Premarket Prep’s Dennis Dick and Joel...

David Tawil is the co-founder of Maglan Capital and was a guest on Thursday's daily edition of Benzinga's Premarket Prep. His fund recently acquired a 7.6 percent stake in FairPoint Communications Inc (NASDAQ: FRP), a telecommunication company that provides data, voice and communications services...

Certain things for certain places leave an impression on you. For me, there is one thing from my time spent on the trading floor at the Chicago Mercantile Exchange from 1985–1992, that will never escape my mind: the paper. In other words, the tremendous of amount of excess paper that covered...

Sector rotation is very common in the stock market, as investors allocate investment dollars from an underperforming sector to an outperforming sector, or a sector that has the potential to offer superior returns. "There's always rotation going on in these markets from one sector to another," Joel...

Happy 420! Even though marijuana is not legal at the federal level, those interested in taking part in Wacky Weed Day's festivities can do so through investing. On Wednesday, Benzinga's PreMarket Prep hosts Joel Elconin and Dennis Dick were joined by Alan Brochstein, the "420...

The news over the weekend that no deal could be reached in Doha to cut the global production of oil may have caused some investors to worry. But, if the last two days are any indication, they've quickly gotten over it. Crude oil futures are up two points since they opened this week, and...

Some stocks that looked like they need a visit to the vet are picking up this week. PreMarket Prep hosts Dennis Dick and Joel Elconin on Wednesday offered a couple of picks for the market's "dogs," companies with bad reputations that could end up performing well. Dick noted that...

Shares of KaloBios Pharmaceuticals Inc (NASDAQ: KBIO) rose more than 1,000 percent on Thursday morning, surpassing $14.70 per share. The stock then fell to around $9.50, still up more than 350 percent on Thursday afternoon. The surge was triggered by the announcement that a group of investors (led...

Scott Redler is a weekly guest on #PreMarket Prep, a daily trading idea radio show hosted by Joel Elconin and Dennis Dick. Tune in to the daily broadcast live Monday-Friday at 8 a.m. ET here. On Benzinga's #PreMarket Prep, T3 Trading Group Chief Strategist Scott Redler said that he is looking for a...

Joel Elconin is the co-host of Benzinga's #PreMarket Prep, a daily trading idea radio show. United Rentals, Inc. (NYSE: URI) shares are trading lower by $2.30 at $64.08 in Friday's session. United Rentals fell from $77.63 to $66.98 on Thursday when the Street received its Q1 report, even though...

JC Parets is a weekly guest on #PreMarket Prep, a daily trading idea radio show hosted by Joel Elconin and Dennis Dick. Tune in to the daily broadcast live Monday–Friday at 8 a.m. ET here. Eagle Bay Capital Founder JC Parets told Benzinga's #PreMarket Prep that there was no reason to trade...