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Is the Slump in Oshkosh's Shares Over?

The shares of specialty vehicle maker Oshkosh Corp. (OSK), first discussed here on July 6, 2009 at a price of $21.48, totally misbehaved this summer -- forming a bear-hug pattern, during a swoon from about $45 to about $25.

Talk about haircuts. Since then, the shares have rebounded to about $31, and even though the bears will argue the rise is short-covering, the calculation here is that it's not, and OSK will continue to head north. And the reasons are obvious enough.

Continue reading Is the Slump in Oshkosh's Shares Over?

Boeing's earnings report lifts shares off the runway, despite lower guidance

Bloomberg News reports that Boeing Co. (NYSE: BA) beat and lowered. But the market is applauding -- lifting its shares 1.6% in pre-market action.

The market likes nothing more than a company that beats earnings estimates and raises its sales and profit guidance. But Boeing seems to have exceeded expectations while lowering guidance -- albeit less than expected. Boeing reported that its earnings rose 61% in the third quarter as it increased production to deliver nine more jetliners than a year earlier.

Its earnings and sales exceeded expectations. Net income increased to $1.11 billion, or $1.44 a share, from $694 million, or 89 cents, a year earlier. This was 18 cents a share about the $1.26 a share that 11 analysts surveyed by Bloomberg expected. Revenue of $16.5 billion exceeded the analysts' $16 billion forecast.

Continue reading Boeing's earnings report lifts shares off the runway, despite lower guidance

Symbol Lookup
IndexesChangePrice
DJIA-89.2312,801.23
NASDAQ-23.352,903.88
S&P 500-9.311,342.64

Last updated: February 12, 2012: 06:26 AM

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