| Wed, Oct 28, 2009 |
|
Market Tumbles On Weak Commodities! SPX, Nasdaq, DO, APA, NOV, WLT, CNX, MEE, BTU, AKAM, FSLR
When the market falls, it falls fast! The dollar continued to glide higher, as investors sell off stocks in the commodity sectors. Oil fell to $77/barrel and gold dropped below $1030/ounce. Miners were extremely weak, led by coal names. Yesterday, MEE reported earnings that beat the estimates, but, revenue was on the soft side. In [...]
-
Wang's Happy Trading
|
|
|
(MEE) Disappointing Quarter for Massey Energy
Massey Energy Co. (MEE) the largest coal company in Central Appalachia, Virginia – announced third-quarter earnings of 19 cents per share, which was in line with the Zacks Consensus Estimate. However, lower coal shipments and prices drove a 69% slump in earnings year over year.
Revenues in the quarter plunged 6% year over year to $6.4 [...]
(MEE) Disappointing Quarter for Massey Energy
|
| Tue, Oct 27, 2009 |
|
|
(CNX) Consol Energy Posts In-line Results
Consol Energy Inc. (CNX) posted earnings from continuing operations of 48 cents in the third quarter, lower than the Zacks Consensus Estimate of 64 cents and almost in line with 49 cents reported a year ago. The slight decrease versus last year was due to lower thermal coal production, lower metallurgical coal production and lower [...]
(CNX) Consol Energy Posts In-line Results
|
| Tue, Oct 20, 2009 |
|
|
Market Rallies Higher On Commodity Sectors! SPX, Nasdaq, POT, MOS, CF, AGU, FCX, RTP, BTU, ACI, CNX, AAPL, TXN
The market was strong today with commodity sectors leading the rally. Yesterday, in my Sector Watch, we looked at the agriculture sector, as MOO made a solid move higher last week. Today, POT was rumored to be a buyout target for BHP, and, the sector pushed higher! POT opened above $100 this morning and never [...]
-
Wang's Happy Trading
|
| Sun, Oct 18, 2009 |
|
|
Weekly Wrap 10/16/09: GOOG, BAC
When earnings and options expiration collide, things get volatile. Such was the case for last week. Nevertheless, the market made new highs, and the Dow went above 10,000, as it fed the media frenzy! So far, lots of earnings came in better-than-expected, but, there were also some disappointments.
We traded lightly this week as things were volatile. [...]
-
Wang's Happy Trading
|
|
More Blogs
|
