Big news for FLEX after hour: http://www.forbes.com/markets/2005/07/21/ems-nokia-ericsson-0721markets17.html?partner=yahootix Credit Suisse First Boston said strong second-quarter results from Ericsson (nasdaq: ERICY - news - people ) and Nokia (nyse: NOK - news - people ) are a positive for Flextronics International (nasdaq: FLEX - news - people ) Valueline gives higher than market expectation earning for 2Q. And Target $25 to $30 in the 2008. My target is $20 in the short term.
Cashmaker, Do you primarily swing trade? And if you do what are your research resources or your steps in evaluating stocks? Thanks-from a novice trader.
FLEX Q1 earning tomorrow, first call estimate 0.16. S&P report is 4 stars with a target $30. Morningstar gives a 4 stars with a fair value $30 and with selling suggestion @ $37. Valueline give out stronger than market consensus Q1 which is 22 cents. Pay attention tomorrow. My target is still $30 in the next several months.
correction for flex FLEX Q1 earning tomorrow, first call estimate 0.16. S&P report is 4 stars with a target $16. Morningstar gives a 4 stars with a target $16 and with selling suggestion @ $15.7. Valueline give out stronger than market consensus Q1 which is 22 cents. Pay attention tomorrow. My target is still $16 in the next several months.
UAW hires Lazard to comb GM books JOSEPH B. WHITE AND LEE HAWKINS JR. Wall Street Journal The Globe and Mail All material copyright Bell Globemedia Publishing Inc. or its licensors. All rights reserved. DETROIT -- Under pressure from General Motors Corp. to make significant health care benefits concessions, the United Auto Workers union said it has hired investment bank Lazard Ltd., the New York law firm Cleary Gottlieb Steen & Hamilton LLP and Leon Potok & Co. as part of a team that will conduct an analysis of GM's finances. A UAW spokesman said the team of financial advisers, which also includes Milliman Inc., a Washington, D.C., actuarial consulting firm, and legal and financial staff members employed by the UAW, already has been gathering information on GM's condition. âWe have not set a deadline,â UAW spokesman Paul Krell said. âWe are going to do this thoroughly. That's not to suggest there's any foot-dragging here.â UAW President Ron Gettelfinger said in an interview with The Wall Street Journal in June that the UAW would hire outside advisers to examine GM's finances and management claims that the company needed substantial concessions to reduce health care costs before the expiration of the current master contract in the fall of 2007. Lazard and Cleary declined to comment. A Milliman spokesman confirmed that Milliman will be conducting an actuarial analysis relative to GM's health care costs but didn't elaborate. Local UAW leaders have said the company wants concessions that would save $1-billion (U.S.) a year in health care outlays and cut GM's liability for future retiree health care costs by as much as $20-billion.
HLTH pop, add some LAZ @ 23.6 level, due to bank sector down today, LAZ down 2% with no bad news. Market overreaction. I add more shares on LAZ.
FLEX beat the expectation both EPS and Revenue. Although net income falls, it is due to restruction one time charge. Expanding business and reducing cost by switch plants to CHina and India. Strong buy at this level, Morningstar and valueline target $16 this year. http://yahoo.reuters.com/financeQuo...tfh96407_2005-07-26_20-35-11_n26184808_newsml
FLEX institution buy a lot today, will be bullish : http://thomson.finance.lycos.com/lycos/iwatch/cgi-bin/iw_ticker?ticker=flex
S&P buy opinion on FLEX Flextronics (FLEX ) posted first quarter earnings per share from operations of 17 cents, vs. 14 cents, on slightly higher revenue. S&P reiterate its buy opinion. http://yahoo.businessweek.com/investor/content/jul2005/pi20050727_8442_pi004.htm