Charts of Note
- Thread starter darkhorse
- Start date
I think the strategy of buying based on QE3 is clear and many funds follow it. Let us talk again at the end of the year about who was right or wrong. I have no problem to admit I was wrong. Do you?
Interesting developments for gunmakers Ruger (RGR) and Smith & Wesson (SWCH)
FBI reports deceleration in background checks for buying handguns.
Both stocks have enjoyed relatively strong bull runs, but now look vulnerable to a pullback.
If analysts begin reducing forward estimates, we could see a sharp contraction in the PE multiples as the growth premium deflates.
INSM going parabolic. It started about a month ago after changing directors.
Blackrock Inc. (BLK) is breaking out of a nice base as the company expands its portfolio of investment products.
The company's expertise in fixed income should be particularly helpful as individual investors continue to roll capital into bond funds - not trusting the rally in stocks...
Bubble for Netflix Inc. (NFLX) re-inflating?
The company's growth story is still full of holes (what's after RedBox again??) and the stock is listed at 73X next year's EPS estimates.
Will be interesting to see if Morgan Stanley's upgrade today will break the resistance line, or whether today will turn out to be a 'gap & crap' event...
Bulls losing the initiative -- potential turnover here
Via http://www.mercenarytrader.com/2012/10/the-line-of-scrimmage/
The news out of Cummins Inc. (CMI) is pretty bad this morning.
Via Bloomberg, the company is cutting up to 1,500 jobs and lowering revenue expectations.
"Customers are delaying capital expenditures in a number of markets, lowering demand for our products." ~ Tom Linebarger, CEO
Cummins' report is especially troubling because of the number of markets they serve (agriculture, construction, mining, etc). It will be interesting to see if weakness bleeds into CAT, JOY, DE along with infrastructure, project management and other related industries.