Both had a problem with earnings and DSW warned yet DSW has gone almost straight up since the hit from earnings. I can't figure it out unless DSW just got too cheap I wonder when that will happen with SKX.
I don't know if there is some underlying reason for MU's action lately possibly issues with pricing and capacity, sometimes markets manipulate stocks in either direction when it seems to make no sense but I was posting awhile back when there were rumors about the possible SNDK or MU buying of another competitor I thought it made no sense they ran MU to over $19 and when these deals don't happen in this case MU not being involved the market usually slams the stock that ran up for no reason in this case it was MU.
You don't have to warn me I've been posting almost every day this CEO way overpaid for a dying asset at a market top when the market is now laser focused on debt and the diminishing ability to get it from lenders. AT&T will never service this debt in our or this CEO's lifetime. Verizon built their own TV package/business over time by themselves not by overpaying all at once. RS believed that to compete he needed TV but at what price?
It is remarkable that this stock is doing this well after what they said. In this market stocks usually get whacked pretty good and continue to when they warn.
Cramer interviewed the CEO to hear his heart warming story about free drugs for those who have trouble paying for them. There must be so many pharma companies doing business like Linden Care..... Cramerized!!!
They are still in short sleeves....the CEO said they will be discounting to get rid of inventory. I will be stopping by Macy's to see what he means. Shares are being thrown away in the pre-market there were some large blocks on the sell side so far but some of this should have been priced in the shares I believe. I bet you see some buying to the $44's in the regular session.
He had another love fest with the CEO and sucked in more buyers soon after. Cramer will be silent I would guess on HZNP for awhile.
In this market they rarely come anymore. I agree this is way oversold after what the shares have done recently I bought a little (150 shares) near $43 so I'm stuck buy those snap backs just are not there any longer. It will take a few weeks and possibly colder whether to get M back up a few bucks. Remember that conference and the "real estate" play that got shares to $73 I was short a few times in the low $70s wish I still was.
Agree but you have time it may take a few days in this market with the HFTs and algos....just broke $40. There have been similar reports recently where EPS beats and a revenue miss and not even a huge revenue miss like this one but the stocks get killed either way and you would have thought some of the recent share price drop would have factored some of this in but it doesn't matter in this market.
I agree with the HFTs but $42 by Friday I'm not sure. I hope you are right I bought a very small amount near $43 today.
The CEO's words and body language were horrible on CNBC this morning. He is always upbeat and he was anything but that today I think it added to the drop believe it or not. Looks like it may try to get to $41 possibly soon but will it hold or test the lows by the close which is common. $73 to $47 before earnings you would have thought some of that was in the stock but these HFTs run everything now.
If a pick plummets he shrugs his shoulders and changes the subject. We are all privileged to be reminded of his winning picks.
If that happens the Fed sits in December and the market gets it right back after they do nothing. Sad but true!