Have you noticed the strength in Potash (POT, $182.84, up $0.94) lately? The stock is up 40 points since the beginning of the year and is rapidly approaching the $200 level. I mentioned back in January that this stock had a chance to do something special and it certainly hasn’tRead more
Potash Looks Strong Heading Into Earnings
Morning Minutes
Delta (DAL, $9.97, down $0.51) and Northwest (NWA, $11.27, up $0.05) announced they will merge to create the world’s largest carrier. I mentioned over the weekend that the Airline sector could eventually trade higher but needed to consolidate to offset rising jet fuel cost and other expenses. The deal betweenRead more
Earnings Snapshot (Financials)
The Financial sector could get even more volatile with earnings reports coming out from the heavy hitters this week. US Bancorp (USB, $31.67, down $0.95) gets the ball rolling Tuesday before the bell and Wall Street is expecting the company to report earnings of 61 cents a share. US BancorpRead more
General Electric Gets Punished
General Electric (GE, $32.05, down $4.70) got punished Friday, falling 13% after reporting disappointing first-quarter earnings before the bell. Wall Street expected 51 cents a share and got 44 cents. There was no surprise in the sell-off, the surprise was that GE actually missed earnings. The kicker is that GERead more