Tuesday, January 22, 2008

CNH Global (CNH) Acting Very Strong Ahead of Earnings

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If you were a conspiracy theorist you'd suspect very nice earnings are coming tomorrow, as CNH Global (CNH) is up 10% today. But then again New Oriental Education (EDU) ramped out of the blue ahead of earnings as well, and that didn't work out too well. :) Just noting it...

As for last hour action, so far so good. Indexes are down 1-2% but I'll take it, if we can hold it. Victory is all relative nowadays. ;) Apple (AAPL) will obviously drive us after hours - unfortunately we also have yet another bad consumer based credit type of stock reporting as well (AmeriCredit (ACF)). I ache for the days when market just goes sideways and good stocks can separate from bad stocks, and companies are priced on their underlying fundamentals. Ah, the good old days...

Long Apple and CNH Global in fund; long Apple in personal account


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