Smart Money: Estimate Increases
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Date updated:10-12-2006

Smart Money magazine in the November 2006 issue did a fascinating screen for companies that have had earnings estimate increases by analysts. Specifically, analysts who were moving further away from the average estimate AND increasing their estimates.

symbol name last price % change open
  • +
  • CCMP
    Cabot Microelectr
  • $35.22
  • +0.77%
  • $N/A

Cabot Microelecgtronics. Earnings estimate went from 1.95 to 2.00.

People owning CCMP also tend to own: ADTNALGNAMLNBEASCKFRCRLGLW

TheStreet.com Rating: C+ What is this?

  • +
  • CTBI
    Community Trust B
  • $24.07
  • -2.31%
  • $24.24

Community Trust Bancorp. Small bank in Kentucky and West Virginia. Estimate went from 2.64 to 2.66. They have an interesting CD product where the interest rate is based, in part, on how many wins the University of Kentucky baskeE

People owning CTBI also tend to own: CCMPHEIMEOLNRACKSAFMBA

TheStreet.com Rating: C+ What is this?

  • +
  • HEI
    Heico Cp
  • $41.17
  • -1.91%
  • $41.82

Heico. Estimate went from 1.40 to 1.42

People owning HEI also tend to own: CCMPCTBIMEOLNRACKSAFMHLT

TheStreet.com Rating: B- What is this?

  • +
  • ME
    Mariner Energy In
  • $13.70
  • -0.51%
  • $13.86

Mariner Energy. Avg earnings estimate went from 2.73 to 2.83

People owning ME also tend to own: AFNARRSCMGICYRO.OBDEEPGRBGXYF.OB

TheStreet.com Rating: D What is this?

  • +
  • OLN
    Olin Cp
  • $15.40
  • -2.16%
  • $15.98

Olin. Average earnings estimate went from 1.80 to 2.00.

People owning OLN also tend to own: BHPBNILYOPDPFETXNVLO

TheStreet.com Rating: B- What is this?

  • +
  • RACK
    Rack
  • $0.00
  • N/A
  • $N/A

Rackable Systems. Average earnings estimate went from 1.25 to 1.30

People owning RACK also tend to own: AAPLBACGOOGINTCMSFTCTXSDIS

TheStreet.com Rating: No Rating What is this?

  • +
  • SAFM
    Sanderson Farms
  • $48.56
  • +1.19%
  • $47.36

Sanderson Farms. Chicken processor. Average earnings estimate went from 2.16 to 2.25.

People owning SAFM also tend to own: APOLBIIBBRK-BDELLELOSLXKSGTL

TheStreet.com Rating: B- What is this?

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Q. Please give us some insight on t...
02.09.10 | 17:15 PM Asked by Larry in Dallas

A. While I am sure there are various
reasons for a sell off of any particular
stock, there are two things worth
mentioning:

1. Day traders: One of the rules common
to day trading is to be all cash at the
end of the day. As a result, many day
traders cash out of their trading
positions toward the end of the day so
they are ready to go back to the battle
the following morning.

2. I do not know that this would be the
last 30 minutes, but margin calls could
potentially cause some selling if it is
needed to make up any shortage in the
margin (in other words, if you are
required to hold 15% and you could
borrow 85% the value of a security, and
the stock price change during the day
made it to where you were borrowing 90%,
then some shares would need to be sold
to make up the difference).

I hope that helps... I am sure others
can shed far more light than I.

William

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