Hey guys, I just got back from camp and i'm pretty out of the loop. What
happened this week? How did the big company earnings turn out?
Thanks for the update!
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NUE was crushed because hedgies and analysts didn't readjust their numbers after
the secondary. They beat second q estimates and guided in the same range for
the third. The so called smart money decided to sell it off almost $10 the past
two days. Trading at about an 8.5 p/e now...what the hell are they thinking?
Steel prices are sky rocketing up and Nucor has had a history of beating the
numbers. Listened to the CC and got the impression that they are sandbagging.
If you don't have a steel name, it's worth a look.
how was that camp, was it a financial camP? i forgot, well GOOG missed and it
takes down tech, MSFT missed, SLB beat, all the financials guys beat JPm, C, WFC
I want to go to camp!
2 months ago - Report Abuse
AG on the down.
Banks up big. Oil and commodities down big. Hard to believe but true.
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