{"id":101,"date":"2005-08-02T22:56:09","date_gmt":"2005-08-03T03:56:09","guid":{"rendered":"http:\/\/www.selfinvestors.com\/tradingstocks\/?p=101"},"modified":"2018-08-11T21:40:50","modified_gmt":"2018-08-12T02:40:50","slug":"notable-earnings-august-2nd-after-the-bell","status":"publish","type":"post","link":"https:\/\/selfinvestors.com\/tradingstocks\/company-earnings\/notable-earnings-august-2nd-after-the-bell\/","title":{"rendered":"Notable Earnings: August 2nd After the Bell"},"content":{"rendered":"<p>Not too many notable earnings after the bell today, but of course there are a few high quality companies to highlight starting off with <strong>CB Richard Ellis Group(CBG)<\/strong> which is the highest ranking  company to report after the bell today.&nbsp; Continuing the streak of high ranking companies reporting outstanding results, CB Richard Ellis, the provider of commercial real estate services blew out earnings and beat estimates by .28\/share and also raised guidance for the full year (no surprise there).&nbsp; The stock is obviously responding positively after hours and is up nearly 7%.&nbsp; This is a stock I bought for the SelfInvestors.com Model portfolio at the end of May and made the decision to sell (as I almost always do) before earnings.&nbsp; Had I not been holding a 22% gain, I probably would have held this one through earnings considering it doesn&#8217;t exhibit the volatile swings around earnings time that a technology company might.&nbsp; Another holding in the portfolio, St. Joe (JOE) was held through earnings because I had neither a large gain or sizable loss.&nbsp; So it really does depend on a variety of factors.&nbsp; However, more often than not I think selling before earnings is the best way to go in order to minimize risk and preserve capital.&nbsp; I certainly don&#8217;t regret locking in a nice gain on this position ahead of earnings one bit, especially considering the bounce near support after the downgrade on valuation was rather weak.&nbsp; I can always repurchase if the time is right and this is certainly one company to keep on the radar!<\/p>\n<p>With a rank of 51 out of 60, <strong>General Cable (BGC)<\/strong> is another highly rated company reporting after the bell today.&nbsp; Exluding one time costs as a result of the closing of manufacturing facilities, the company beat estimates by .02\/share as earnings more than doubled from the year ago period.&nbsp; They beat on revenues as well, but revenue growth continues to come in a bit on the light side with an increase of 9% from the year ago period.&nbsp; The stock is well extended past a proper buy point.<\/p>\n<p><strong>HCC Insurance (HCC)<\/strong> is one of the highest ranked insurance companies in the database and they posted solid results after the bell and beat by .04\/share.&nbsp; They also upped guidance for &#8217;05.&nbsp; Technically, the stock bounced impressively off support of the 50 day moving average and remains too extended from a proper buy point.<\/p>\n<p><strong>Best &#8216;O The Rest..<\/strong><\/p>\n<ul>\n<li><strong>Technical Olympic USA (TOA): <\/strong>The Florida based homebuilder posted profit growth of 90% over the year ago period, smashing estimates by .19\/share.  They also raised guidance for the full year &#8217;05.&nbsp; Technically, the stock looks outstanding and cleared all time highs on July 13th with near record volume.&nbsp; It&#8217;s been consolidating in a fairly tight range since, but may will probably bust out tomorrow.&nbsp; <\/li>\n<li><strong>Cal Dive International (CDIS):<\/strong> Another oil company beats estimates by a bundle.. enough said.&nbsp; Cal Dive is one of the best in the business.<\/li>\n<li><strong>Blackboard (BBBB):<\/strong> The developer of software for online education became profitable for the first time in &#8217;03 and has grown fast and furious since, albeit a bit inconsistently from quarter to quarter.&nbsp; The company beat by .03\/share after the bell which is good for a 200% increase over the year ago period.&nbsp; Revenues increased by 24% over the same period.&nbsp; Institutions are showing a big appetite for the stock in the last few months as indicated by heavy volume buying.&nbsp; The stock remains far extended from the first buy point at 19.35, but recent consolidation could be called a high handle, offering another buy point on a breakout.&nbsp; I personally would prefer a drop to support of the 50 day moving average in this case as an opportunity to initiate a position.&nbsp; The stock is up 4% in after hours trading.<\/li>\n<\/ul>\n","protected":false},"excerpt":{"rendered":"<p>Not too many notable earnings after the bell today, but of course there are a few high quality companies to highlight starting off with CB Richard Ellis Group(CBG) which is the highest ranking company to report after the bell today.&nbsp; Continuing the streak of high ranking companies reporting outstanding results, CB Richard Ellis, the provider &hellip; <a href=\"https:\/\/selfinvestors.com\/tradingstocks\/company-earnings\/notable-earnings-august-2nd-after-the-bell\/\" class=\"more-link\">Continue reading <span class=\"screen-reader-text\">Notable Earnings: August 2nd After the Bell<\/span> <span class=\"meta-nav\">&rarr;<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[8],"tags":[],"class_list":["post-101","post","type-post","status-publish","format-standard","hentry","category-company-earnings"],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/selfinvestors.com\/tradingstocks\/wp-json\/wp\/v2\/posts\/101","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/selfinvestors.com\/tradingstocks\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/selfinvestors.com\/tradingstocks\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/selfinvestors.com\/tradingstocks\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/selfinvestors.com\/tradingstocks\/wp-json\/wp\/v2\/comments?post=101"}],"version-history":[{"count":0,"href":"https:\/\/selfinvestors.com\/tradingstocks\/wp-json\/wp\/v2\/posts\/101\/revisions"}],"wp:attachment":[{"href":"https:\/\/selfinvestors.com\/tradingstocks\/wp-json\/wp\/v2\/media?parent=101"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/selfinvestors.com\/tradingstocks\/wp-json\/wp\/v2\/categories?post=101"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/selfinvestors.com\/tradingstocks\/wp-json\/wp\/v2\/tags?post=101"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}