News this Morning

Good morning. I hope everyone had a great three-day weekend. This is an important week for us. Two of our Buy List stocks will report earnings. First, Medtronic (MDT) reports after the close today. Wall Street is looking for 58 cents a share. Also, Donaldson (DCI) reports on Thursday. The Street is looking for 37 cents a share. I don’t expect any surprises here.
The best news is that Harley-Davidson (HOG) has reached a tentative deal with its union. Hallelujah! The stock is up early this morning.
Another big event will come tomorrow morning when the Consumer Price Index for January comes out. I’m expecting more good news on the inflation front.
Finally, a word on JetBlue (JBLU). The stock is getting slammed this morning, and deservedly so. What I don’t get about JBLU is that in the five years since its IPO, the stock has split 3-for-2, three times. Yet the stock hasn’t gone anywhere. Splits are for high prices! On its first day of trading, JBLU soared from $27 to $45. Three 3-for-2 splits works out to one 3.375-to-1, so $45 is equal to $13.33 today. The shares are around $12.67 this morning.

Posted by on February 20th, 2007 at 10:09 am


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.