Record Earnings Administer Wake-Up Call
If you are like most of us, you have spent the morning trying to understand a
foreign language, that alien tongue known as Greenspanish. Markets also
use their own language when prices jump on good news. Two equities of particular
interest Thursday are speaking loudly out of the the Medical Appliances and
Equipment sub-sector. Both Zoll Medical
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PowerRating) and Varian Medical
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PowerRating)
are up on substantially higher volume after reporting record earnings for the last quarter.
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While it is still too soon to know for sure if this is the
beginning signal of something bigger developing, as one incidence does not a
trend make, as Jeff Cooper has said on many occasions, “stocks in motion
tend to stay in motion, at least for the short-term.” This alone will be
enough for me to stalk these two issues for further clues over the next couple of
days.
See ya tomorrow,
Duke