The Day Ahead: A Run Through the Spin Cycle
Before diving into the gist of this piece, let's expand upon something I flagged earlier in the week: the market's continued bird-flipping to the final round of first-quarter earnings reports. I sensed that, despite the cremation of Men's Wearhouse (MW), Lululemon (LULU) and Tempur-Pedic (TPX) -- in response to earnings-related commentary -- those not invested in these particular names overlooked it. Hey, why give a hoot about warnings from largely domestic stories when the broader market is either going up in flames or ripping due to large doses of "hopium?" (See the bottom of this piece for a definition.)
If you did not jot down the lessons of these three companies in preparation for the second quarter, it's all good. However, I strongly advise you to run through the earnings release and forward-looking commentary from Pall (PLL), which had a quarter that ended April 30 -- and, remember, the market peaked in early April....629 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.
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