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DRJ's Blog

June 22, 2012


R - Disaster du jour, as Ryder lowered guidance citing weaker than expected results in its Fleet Management business. Shares tumble 10.5 percent to $36.50. The target on this leg should be the October 4th 2011 low of $34.28, but I may have to step in prior.

Irrelevant call of the day: MER cut EPS estimates for both WYNN & LVS and both are up in the pre.

BHP - Reuters says they plan to cut their $10B expansion plan in half, shares up $.20 in pre.

DRI - Reported inline EPS & raised dividend to 50 cents per share, shares down 2 percent anyway.

MS - Morgan Stanley bounces 3 percent as Moody's two-notch downgrade was less severe than anticipated.

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