Diamonds and Dogs
8/5/09Diamonds and Dogs
Wednesday, August 05, 2009
Dollar Thrifty Automotive Group (DTG) really got a bang for their buck today as their stock rallied almost 7% after reporting better than expected earnings. The vehicle-leasing agency company operates under the Dollar and Thrifty brand names. This may signal American's tendency to return towards more frugal enterprises when disposable income is low.
Disappointing readings on the service sector as well as a sub par report from Proctor and Gamble have made buyers cautious today. Dean Foods (DF) slid over 11% today, despite reporting a profit increase of 31% from last quarter. The bears are continuing to make investors wary at any sight of unfavorable news.
Tuesday, August 04, 2009
The cat was able to claw its way up today, despite a relatively flat market. Caterpillar (CAT) jumped more than 6% today to bring the stock to about $48. The outlook for the upcoming year drove their stock price up and seemed to act as a catalyst for the market. Let's hope this rally indicates that a bottom has been reached and commercial construction will begin to thrive.
Cotton is king and grain is God, right? Wrong. Archer Daniels Midland (ADM) dropped more than 5% today, citing weak demand as the problem. This lack of demand led the grain producer to an 83% decline in earnings from the previous quarter, mostly due to a forced price drop.