ONE-TWENTY TWO: Trading Financial Markets
Exploring the poetry in financial markets for students of money and economy since the year 2000.
I had forgotten all about bond insurer Ambac Financial Group (ABK) – one of the many hobbled poster children of the recent financial panic. I sure did not realize the company is still limping along and even trading on the NYSE. So, imagine my surprise when I learned that ABK doubled on Monday to add … Read more
Over the past several quarters I have looked to Acuity Brands (AYI) as a potential signal of the earnings season to come, especially when it comes to commercial real estate. For several quarters, AYI has reported dour news about its industry and the economy. Sometimes traders and investors sold the news, sometimes they bought it. … Read more
Research In Motion (RIMM) reported no share repurchase activity in its latest earnings report. The amount spent on this program remains at $775M of the $1.2B total authorized. Perhaps it makes sense that RIMM has saved its powder given the stock has trended upward since last quarter’s repurchase activity. Although RIMM provided guidance that remains … Read more
Over the past two months or so, analysts have rolled out a series of positive commentaries on the prospects for Research In Motion (RIMM) and its upcoming earnings announcement (March 31). The table below shows the wide range of upgrades and bullish price targets from various analysts. In addition, at least four analysts have issued … Read more
Ever since I speculated that the market had finally reached a (near-term) top in January, I have been tracking signals confirming this top. Every once in a while, I stumble upon a significant stock that flashes a contrary sign and gives me pause. Cummins, Inc. (CMI) is a company with such a stock. Cummins, Inc. … Read more