Palm, Inc. (NASDAQ:PALM) shares are up 12% today after having sold its 2-millionth Centro and JP Morgan raising their F1Q 09 estimates to above consensus, the rally is on.

Palm still has a short float of more than 40%, but should the short sellers get trapped with new valuations, the stock could really fly.

Just when everyone was convinced Rent-A-Center, Inc  (NASDAQ:RCII) had the perfect business for a struggling America that can't afford to buy anything, earnings slip.  Down shares fell this morning to $19.20 and are trying to recover to over $20.  How should you play it?

 A wonderful day in the market today, the DOW shed $-239.91 while the Nasdaq was off $-46.31. What did Onyx Pharmaceuticals (NASDAQ:ONXX) do? Up $+1.21 to $40.09, not bad when the market is praying to the porcelain god.

Bottom fishing is deadly these days with stocks, but one of the best all around wireless internet and VoIP deals is sold by Clearwire Corp (NASDAQ:CLWR).  Shares of CLWR have been beat down to $9.28 a share, way below the analysts covering the stock.

Enough already about Biotechnology, but today was a big day for Amgen (NASDAQ:AMGN) up 12% after some positive news on their bone drug.  If all we are doing is chasing momentum, then go with iShares NASDAQ Biotechnology Index (ETF) (AMEX:IBB).

If there is one company that the Dude could consider buying during these turbulent times, it would have to one of the largest operators of full-service bowling and family recreation centers in North America, Brunswick Corp. (NYSE:BC).

Just like that, Sirius Satellite Radio Inc.'s (NASDAQ:SIRI) $3.3 billion buyout of rival XM Satellite Radio Holdings Inc. will mean millions of subscribers will be able to receive programming from both services, while executives say it will create huge cost savings for the industry.  Go Howard go!

It’s Friday, which means its Miller time at the Masters. Let’s review some of our winning picks for July, in no particular order.

In Mastery: DUG up 10% since June,  we reminded you that the DUG is was up 10% since June, and the momentum could keep going. It rose another 20% in July.

Washington Mutual (NYSE:WM), can it get any worse? Kathleen Shanley of Gimme Credit wrote: “We won’t use the phrase 'run' on the bank, but we would be remiss if we did not observe that many creditors have quietly been pulling funds.”

That would be new Wachovia Corporation (NYSE:WB) CEO Bob Steel, throwing down to a tune of $16 million buying WB shares. Bob Steel bought 1 million shares of Wachovia’s stock at prices ranging from $15.32 to $17.02. Should you be buying too?