Tag: Short term

Terex and EMC may have positive sentiments in the short term

$TEX – Terex Corporation – last closed at $20.48 – Bullish (Short term)

Terex Corporation is a lifting and material handling solutions company. The Company is focused providing its operations and delivering solutions for a range of commercial applications, including the construction, infrastructure, quarrying, mining, manufacturing, transportation, energy and utility industries.

We saw a massive 36.44% surge in the price of Terex yesterday with a huge trading volume!

Terex had previously announced its merger with Finnish Konecranes. It received an unsolicited bid from Zoomlion, one of China’s biggest Crane manufacturer, resulting in the sudden surge in the market prices. Adding to that, TEX breached its 50 day moving average in a bullish manner yesterday. We believe that Terex may have bullish market sentiments for the short term.

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Revenue reports by Cree and Best Buy

$BBY – Best Buy, Inc – Last closed at – $25.85 – Bearish (Short term)

Best Buy Co., Inc. operates as a retailer of technology products, services, and solutions in the United States and internationally. Its stores offer a wide range of products from televisions & car stereos to snacks and beverages, notebooks and desktop computers to kitchen and bath fixtures.

Shares of Best Buy dropped 9.7% on Jan 14, 2016, after the company reported dismal holiday sales numbers. The holiday sales for the nine weeks ended Jan 2, 2016, declined 3.6% to $10,961 million and has been on the negative note since then.

BBY reported its revenues for the last quarter yesterday. It reported an EPS of $0.41, topping the consensus estimate of $0.36. Analysts at Jefferies Group increased their Q1 2017 earnings per share estimates for shares of Best Buy Co and gave a “buy” rating, with the target price of $47.

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