WMB just gave their quarterly report....they're apparently committed to the merger, and yet most shareholders feel the merger number undervalues the company. It'll be interesting to see where it trades tomorrow, but so far this is a real yawner.
1. Much slower growth for I-phone sales; new generation phones will not help later in the year 2. Poor stock performance; 3. Unwilling to cooperate against the war on terror.
This is comical, yet predictable. The hedge funds decide to run the market up to resistance before going short again, and they work with the financial media to create a supporting narrative. And now the talking heads are telling the world a bottom is in, and we're heading back to new highs for oil and the markets! LOL
Buffett is yesterday's news, and a contrarian indicator. If you don't believe me, take a look at his holding company's performance over the past few years.
Go to Bloomberg's futures, you'll see different numbers, Nasdaq only up 19, Dow 58.
Which is it?
It's the obligatory bear market rally in play. The new bullish headlines you speak of are narratives designed to support the unethical futures traders in their attempt to guide where the market goes the next day. If you wait a day or two, you'll find several stocks in a confirmed downtrend that rally up to resistance...and then of course it's time to short those names again.
Update....China made a statement on their currency, in an effort to create an illusion that all is well in their country, This all must be the obligatory bear market bounce, where the media creates several narratives to support the claims that a bottom is in for the markets and oil. Nothing can be further from the truth.
Sure, makes a lot of sense. Of course we're not trading on these futures in Tuesdays' trading, still a lot of time left and anything can happen before Tuesday.....wait, it already did! The Chinese numbers are much worse than expected, and the Chinese stock market is down overnight after the holiday....Oh, that's right...someone from OPEC said they might meet to stabilize oil...but oil is down overnight....So what's driving the futures up?
Today you think what will? In other words, you think the deal will be done within 6 weeks? WMB is in a quiet period until next Weds. evening when they report their numbers. There may be some clarity on the situation then, but honestly I don't think they'll know much about the proposed merger, and even if they do, they won't comment on that because it's still undecided. In the meantime, I don't think the street is expecting much in terms of operational performance for WMB.
Mrkenter....nice investment! One of the "fast traders" on CNBC owns GLNG, it was her pick for the week a few weeks ago...Huge upside....GL
GLNG is so undervalued now. The analysts who cover the stock have new price targets averaging about $65....$65! And 1 analyst has an $80 price target. This partnership with Schlumberger is a huge validation for their business. Based on this, I would say the smart money is accumulating.
Both are negative....One is a follow up by the Market Realist, who gives a very thorough overview of the issues, and the other from Seeking Alpha, which says to "stay away" from Williams companies. We'll see next Weds. after the bell what this all means, but I don't hold out too much hope for any substantive news in the near term.
If the deal were called off (which may be likely, given the CFO resignation at ETE), then Williams' operational performance and high leveraged debt will stand alone. In that scenario, the stock will fall, not move to $20....sorry.
"Expects to renew agreements"....It hasn't happened yet. In the meantime, their guidance is much lower than what analysts are modeling for next quarter. I guess the street is giving them the benefit of the doubt by rising in AH.
It's hard to believe it's up in pre-market. Any forward guidance at all is suspect at this point.