ADM (Archer Daniels Midland Co.) reports earnings tomorrow. I will likely place a buystop at $39.75-40.10, depending on how the stock looks at the close today. If the stock clears this level (which is an intermediate term high and about a point away from where the stock is now), it will mean traders liked earnings and this level will probably become support.
ESRX pulling back nicely
ReplyDeletelooks good, although the large gap area makes it tough to get a handle on where to put the stop. Do you know what caused it to gap up? Earnings?
ReplyDeleteyeah earnings release the night before
ReplyDeleteExpress Scripts reports 28% profit rise, lifts outlook
By Carolyn Pritchard, MarketWatch
Last Update: 6:26 PM ET Apr 23, 2007
SAN FRANCISCO (MarketWatch) -- Express Scripts Inc. late Monday reported a 28% rise in first-quarter profit, boosted by higher sales of generic drugs, and lifted its forecast for the full-year period.
The St. Louis-based pharmacy benefit manager (ESRX :
Express Scripts Inc Cl A
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Last: 95.65+0.08+0.08%
12:55pm 04/30/2007
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ESRX95.65, +0.08, +0.1% ) reported net earnings of $133.7 million, or 97 cents a share, for the most recent quarter, up from $104.7 million, or 70 cents a share, in the same quarter a year earlier. Excluding onetime items, the per-share profit stood at $1.04.
Revenue rose to $4.54 billion from $4.38 billion.
RKT is another earnings breakout to new highs on great vol followed by lower vol consolidation, etc
ReplyDelete4th distro day today...
ReplyDeleteMore econ news out tomorrow should be a fun ride.
MS