Diamonds and Dogs
Twitter (TWTR) is flying higher. Shares of the ailing social media company are jumping 20% to highs not seen since January on rumors the company has received expressions of interest from several technology or media companies like Google and Salesforce.com and may receive a formal bid shortly. Twitter has struggled to make money and get its business moving in the right direction. Maybe a sale is the best thing for the company.
Oh my gosh, Oshkosh! The heavy-duty truck company, Oshkosh (OSK) dropped 10% due to disappointing guidance for 2017. The good news is the rest of 2016 will be good, but the bad news is management said 2017 revenue estimates of $6.5 billion to $6.7 billion and earnings estimates of $3.00 to $3.40 per share were disappointing to Wall Street. Back to the good news, the stock is not expensive even with the reduced estimates. Hopefully the selloff is a buying opportunity.