Tuesday, May 17, 2011

Stocks Up, Options Down

I'm ready for a three day rally! DNS -69, +0.9, -0.5.

Trades: none.

Reversal alerts: (17), of interest based on sales and earnings acceleration:
  • HCP has low double-digit sales growth, a P/E falling from 43 to 27, and a 5.2% yield.
  • MEE has double-digit sales growth, is shedding four quarters of losses  with a forward P/E of 67. Earnings estimates have been revised downward somewhat.
  • MINI's price has been pushed down but sales are holding up and earnings are about to move up and drop the P/E from 62 to 45. Earnings estimates have been revised downward.
  • PRSP's sales are down slightly YoY but earnings are holding with estimates revised upward, holding a P/E of around 15, and a 1.6% yield.

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