Exxon Mobil has made a very well formed triangle. It is very near the apex indicating a strong move is immanent. Odds are it will be to the down side and continue the underlying long-term trend. After just having a poor earnings report on July 30 and missing analysts’ expectations by $0.18 the market could be showing a late reaction to the news. Earnings came in at $0.84 on a $1.02 forecast. Revenues were off 46% year over year. Earnings are 67% below October ’08 high’s and have fallen dramatically over the last 3 quarters. article continued [more]
Shangdatech (SDTH) blew away the numbers after the bell today. They handily beat First Call estimates of $0.07 and came in at $0.12. I think this is enough to fuel the stock up to about $7.20 in my estimation. But with the run up in after hours it might get there tomorrow. Unless someone sees something I dont its hard to hold this possition past this target. At least until next quarter should they announce another blow out.
Employment continued to decline in July (-247,000), and the unemployment rate was little changed at 9.4 percent. The unemployment rate declined a fraction from June when it was 9.5 percent. The average monthly job loss for May through July (-331,000) was about half the average decline for November through April (-645,000). In July, job losses continued in many of the major industry sectors. [more]
OSK, a manufacturer of heavy-duty specialty vehicles, made an announcement back on July 1st stating they had made a deal with the US government worth $1.06 billion. Oshkosh will build 2,244 all terrain vehicles for use by the Army and Marine Corps. The contract ultimately could be worth nearly $3 billion for more than 5,000 vehicles. Since then the stock has shot up like a missile. The launch started at $11 and has reached $32 in about a month. Now that the news is out and the stock has tripled, there is still the matter of OSK operating at a $0.32 loss for the most recent quarter. In addition to that there have been several down grades this week. see the full story [more]
Having some amount of debt can be desirable during strong economic times. It’s a sign that a company’s management feels strong about their future prospects. Conversely, a company with too much cash indicates management may not know what to do with the money. But when does a company have too much debt? [more]