Will Apple continue to decouple from broader market weakness? I sure wouldn’t bet against APPLE!!!
Earnings Today
JRCC- Quarterly Earnings and Estimates (Q4E)- $.04 Quarterly Revenue Estimates (Q4E)- $327 M The outstanding short interest in JRCC has amazingly exceeded 14 million shares. Analysts believe revenue will double from a year earlier to $325 million. NOT one coal stock reported good numbers this quarter. For example, (PCX,ACI,ANR) are all near there 52 week lows after reporting earnings.
Wendy’s- Quarterly Earnings and Estimates (Q1E)- $.02 Quarterly Revenue(Q1E)- $609M Currently, Wendy’s is trading well above the 50 DMA. The May 2012 $5 Calls are seeing huge Call volume. We will have to wait and listen to the CC and find out how Wendy’s is doing with its interest expense from its short term 500M dollar debt.
By Greg Zimny