Morning Rage 2.24.2012


Jcp- Quarterly earnings estimates ending(Q4E) $ .67 and $5.5 Billion quarterly revenue estimates ending (Q4E). In my opinion, JCP could miss bad on earnings and its PPS could still rise due to low expectations. Also, I can see JCP beating earnings and selling off due to low guidance that’s already baked in the stock price.
Newmont Mining Corp- Quarterly earnings estimates ending QE4 of $1.26 and quarterly revenue estimates of $2.7 billion. Since Obama has been president it has been, “DRILL, DRILL, DRILL.” With US oil production up 9% and US oil leases higher year over year, it is hard to be short oil mining stocks with WTI Crude at $109.