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DRJ's Blog

June 19, 2012

IHS - The disaster du jour is down $4 after a beat on EPS was tempered by an 8 million share secondary. Credit Suisse still likes 'em and moves target to $113 as shares dive to $101.82

JCP -  As right as Einhorn has been in HLF, he's been just as wrong betting on JCP. Today Ron Johnson pulls the baseball owner move of firing the coach (President Michael Francis) rather than blaming himself for failed strategy. Shares hit new 52-week low of $22.80 in pre.

CPB - Reiterated full year EPS and revenue guidance, shares up slightly in pre.

FDX - Beat EPS forecasts by 5 cents, but lowered guidance is hurting shares in pre.

JEF - Beat EPS forecasts by 4 cents on stronger revenues, shares up $.55 in pre.

 

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