Stock topped above $73.61 now it's $65-$66+. These guys with their grand plans will lose money for so many unless it's a bull market with these wonderful thesis. It turns out earnings do matter and these were bad. Let's see if the real estate play can help by the close today.
I'd be more concerned about the damage China did to MU today. If MU is to go higher the market will have to have amnesia in the next few days. All stocks with a decent amount of their revenues exposed to Asia have a near-term problem. The market has different headwinds facing it for now. At least we are not talking about Greece for now.
His honesty will keep him in the lead for awhile longer but then the GOP will conspire to get him out of the race somehow since he is their worst nightmare if he ever did get the nod to run. I was chatting with my 21 year old son the other day about Trump and I told him that if Trump ever became President he would become an absolute get nothing done President unlike his promises. He would have the Dems fighting him on everything like the GOP does to Obama and his own party would dislike him and some factions within the party would also work against him since he is out there from what many of them believe. Possibly a do nothing leader would be good. Of course he can focus on that Great Wall of Mexico as his #1 priority.
Won't dollar based earnings get hit a bit though? That's why the US futures are down pretty good. Chinese devalued their currency by about 2%.
Basically in line numbers it could have been a lot worse. The CC tomorrow is key if they talk about a spin off I think shares go higher. They reaffirmed the $1 billion buyback but they need to state where those dollars are coming from also.
No massive losses actually a profit it may end up near flat by 8pm thinking there may be some speculation on tomorrow's CC and a possible spin off.
It appears to be an in-line quarter on an adjusted basis and the revenue is a hair shy but I think it recovers back over $17 because investors will speculate on tomorrow's CC hoping for some good news on a possible spin off. Like their release a few weeks back there are so many numbers again broken down because of the past delays. It will be nice when they can finally report clean numbers...possibly in the next quarter. I thought they might wait until after 8pm but it was only about an extra hour instead
The CC is tomorrow. Does anything Hertz do follow normal reporting practices? At first they were bidding shares up after 4pm now it's around $17 because of this uncertainty. Of course there are no numbers as of 5:10 pm now but it just goes to show how these guys create their own uncertainty because of their inaction on so many metrics.
Now up 13+% I missed that early swoosh down below $22 but I think some of this above $23 is momentum guys I'd watch up here.
Where to $24? These execs have lost control of their company. This is a company with amazing potential maybe these brilliant minds are not so brilliant after all. Keep putting off the CEO news and the stock will keep dropping every day it's that simple.