I believe that the Credit Crisis is not yet over. The next Country to watch is Portugal. Portugal passed its third bailout review by the ECB this morning. S&P Kraemer s states, “if there is a country that will default, most likely it would be Portugal.”
Today after the close:
Azo- After bell earnings. Quarterly Earnings and Revenue: (Q2E) $4.01 Quarterly Revenue: (Q2E) $1.8B. Maybe some AZO news leaked after hours yesterday because AZO was trading around the $412 level.
Dpz- Domino’s Quarterly Earnings and Revenue: (QE4) $.49 Quarterly Revenue: $512M. Domino’s earnings have increased the last five consecutive years. In my opinion, this quarter will not be any different as the consumer is still spending money on eating out.
Kog- After the bell today. Quarterly Earnings and Revenue (QE4) $.09 Quarterly Revenue (QE4) $59.9M. History shows that KOG sells off after earnings. In my opinion, KOG will miss on earnings because of bad weather but give a positive forward guidance. Finally, we saw a customer buy 9,500 Mar 10 Puts. Either a customers huge bet to the downside or profit protection strategies.
By: Greg Zimny