Happy Fun Day

Well that was a fun time. Expeditors (EXPD) opened $10 higher, and went up from there. At one point, the shares got up to $105.40, before closing at $103.80. That’s a one-day move of 18.3%. Good time, man. Good times.
It’s about time the Buy List showed some life. Our 20 stocks have been pretty listless lately. So far, our strategy of side-stepping energy hasn’t worked out very well. However, oil has been dropping lately, which helped the Dow hit a six-year high today. The price of crude fell below $70 a barrel for the first time since April 17.
AFLAC (AFL), Dell (DELL), Donaldson (DCI), and SEI Investments (SEIC) also had good days today. All told, the Buy List was up 1.42%, and the S&P 500 was up 0.43%. Without Expeditors, we were up just 0.25%.
Tomorrow morning, Wall Street will be focused on the jobs report. The unemployment rate is currently at 4.7%, and I think it could fall to 4.6%. The members of the Fed will certainly be eyeing the report as the FOMC meets next week. Another rate is expected by everyone.
Our “March Cycle” earnings are now over. Coming up, we have three stocks that ended their quarter at the end of April. Home Depot (HD) will report on May 16. Dell will report two days later, and Donaldson reports on May 24.

Posted by on May 4th, 2006 at 8:23 pm


The information in this blog post represents my own opinions and does not contain a recommendation for any particular security or investment. I or my affiliates may hold positions or other interests in securities mentioned in the Blog, please see my Disclaimer page for my full disclaimer.