Hershey has said no before to a takeout....if so shares plunge initially then they slowly climb again I believe. The Hershey foundation was set up to help kids maybe they want to keep it that way again.
$84.91 was today's high but now it got close to the highest targets today and well above Jefferies revised $75. You have to take some off the table at this point before the fund guys beat you to it this was a $37 stock before yesterday. I would have ran when I saw that quick spurt to $84+. I guess the float is now larger after the offering I wonder if the $45 million additional option was purchased.
This time from the UK....It's truly getting silly that markets are no longer valued on earnings instead it's all about money printing and the price of oil. When will this lunacy end? Today it looks like pension monies came in a day early but I bet we see selling within a few days. Virtually nothing is being factored into markets at this point.....once again party on! Hey at least MU has a nice cushion today if they miss they are up nice today.
Wish I had bought a little in the mid $70's but after this 2 day run how can you not lock in some gains. Markets are reacting to what the UK's Carney said and for a change are ignoring oil which is down over 2% now. Looks like pension monies coming in a day early but I wonder if the market rally ends soon.
There is a $45 million overallotment option along with the $300 million CS offering. There were 2 analysts calls today so far that I see....Leerink(?) from $65 to $95 and Jefferies buy to hold with a $75. I bet we see some profit taking since this causes some dilution on the small float. I think possibly $69-$70 as the low. I traded it once yesterday will watch it today.
No, but they are still expected to report a .09 loss so anything better or any profit with at least a revenue meet the stock may go back to $14. There is also the Inotera acquisition which Micron reported they will complete the acquisition in mid July the question is will it weigh on earnings and did the analysts include it in their estimates.
I do not know about the $20's but the mid to high $30's is possible if oil tanks in the back half of the year. Oil supplies are being disrupted so often these days if it ends and producers start to pick up their levels of production which Hamm said he would do a few weeks ago then oil could pull back but it seems to want to go higher for now. The only thing that can hurt this stock now is bad earnings about 5 weeks from now. CLR has made some real promises about cash flow numbers and if those are not met it could pull back but this stock has a mind of it's own. I am starting to believe that Hamm has traders buying shares almost every day. All the energy stocks I put on my screen each day none act like CLR to the upside.
Yet oil is still below it's recent highs. I truly am starting to believe that CLR has traders buying their own stock since it moves up more each day than any other oil stock.
Cramer blessed AA again before the open today and tried to start a rumor that one of the divisions could get bought out. It was his final desperation attempt to get shares higher after his recent big pump AA chart show that got AA much higher that it is now. The market realizes that there is still a lot of supply around and AA's last earnings were less than stellar.
I agree to some extent but this is starting to get silly oil rebounds off any pullback and that's all that matters to the machines. When Yellen was on the hill last week one politician actually asked her if higher energy prices were good for the economy and without hesitation she said yes because she is very concerned about capital investment in the sector. There in lies the problem with our leaders (lower energy prices do much more good for the overall economy) thinking along with 0% interest rates and she wonders why people are not spending like they normally do in "real" good times. Seniors and savers gain nothing, college students are in debt for a big chunk of their lives and of course there is no inflation according to the Fed and markets....so everything is perfect. Like I said get out the dart board and make your picks.
That's the silly reality it seems it's like the Brexit never happened and will have no affect on things. Get out the dart board and buy anything. Global growth is great and as long as the machines and the Fed are in charge it's straight up for everything.....No?
CLR just reaffirmed their 2016 CapEx guidance. They spoke of a $2.75 billion revolver with the ability to raise it to $4 billion. Based on cash levels and debt they had better pray oil never drops into the $30's again. They said they are cash flow neutral with WTI at $37 and CLR promised a few months ago about being cash flow positive in the back half of 2016...we'll see. The main reason this stock moves like it does is it is largely held by insiders and institutions with less shares available. I kind of agree with you that the share movement higher is a bit of a fraud but share availability does move stocks and I would not be shocked If Hamm has traders buying shares each day. Their earnings should be a tell of how they are really doing. To me it seems like they borrow just to produce the oil and keep workers working.