Not that many other companies stock price are not ahead of themselves but I've picked EMR as my end of year sell. Been long since 12/2011, it's now up 45%, I think the best of news is priced in and a pull back is in order to below $60. I like EMR when the PE is below 16. The technicals do look good though.
Earnings announced, only meeting expectations and the price initially drops, then it quickly goes up 5% to all time highs, even though they warn revenues will be flat and earnings on the low side. Most other companies would drop and stay down with this kind of news (take YUM for example). Even HON was similar, but I think they said revenues would improve. Longs must be looking out over 2 years for the news to get good? I've been long 18 months, I even lost $3k covering my short calls this summer, which I never do. I think they are doing the right things, but I don't quite understand this price action. Due for a correction?
I thought they were a winner last December, buying at $24. Hopefully I was just a little early. If they can announce their pick for the new CEO by year end and that CEO can "bring it", 2014 should be a good year.