Diamonds and Dogs
Apple supplier doing well. Jabil (JBL) is jumping 2% following earnings that were much better than expected. Jabil makes the casings for Apple iphones and ipads and beat sales expectations by a billion dollars or 15%. The company also raised earnings guidance going forward so it could be a good holiday for Apple.
Profit-taking in CarMax (KMX). The used car retailer is down 13% even though earnings were much better than expected as sales rose 3.3% to $5.37 billion. The company's diverse business model enabled CarMax to capitalize on the improved market environment, but with the stock up 100% from the March lows, some investors are taking profits.
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