July 13th 2011
H.B. Fuller Company – Value
The manufacturing sector continues to hum along despite the threat of a slowdown. H.B. Fuller Company (FUL – Snapshot Report) recently raised full year earnings guidance after reporting another solid quarter. This Zacks #1 Rank (strong buy) is a value stock with a forward P/E of just 12.9.
H.B. Fuller is part of the hot chemical sector. The company manufactures adhesives, sealants, paints and other specialty chemical products for customers in packaging, hygiene, paper converting, woodworking and construction in more than 100 countries.
The company is worldwide, operating in four geographic regions: North America, Latin America, Europe and Asia Pacific.
H.B. Fuller Beats By 8.7% in the Second Quarter
On June 22, H.B. Fuller reported its second quarter results and easily surprised on the Zacks Consensus by 4 cents per share. Earnings per share were 50 cents compared to the consensus of 46 cents.
The company hasn’t been consistent in the earnings surprise category as of late, however, only beating 2 out of the last 4 quarters.
Tags: Company, Fuller Company
The U.S. is in a very scary position right now… We have a real chance of defaulting on our debt. The government is still arguing over what to do about the debt ceiling, and if they can’t find a solution we’re looking at an economic meltdown.
Above is a weekly chart of Apple Inc. (AAPL) and as you can see this stock has enjoyed a spectacular rally over the past 2 1/2 years.. You’ll also notice a very significant uptrend line that starts from early 2009. What makes this trendline so important is that it takes place on a weekly chart and that this line has been touched several times. APPL slipped briefly below this line last week but has recovered by trading back above the trendline. On a daily chart if you look at the 200 day moving average of this stock, you will see that AAPL is now spending several days below this very important and most watched moving average. This is a warning sign in my opinion but still is not a signal to exit longs. What I will be watching for very closely is if AAPL can keep its head above water by staying above its weekly uptrend line. If AAPL posts 2 closes below this trendline, that in my opinion would be a signal to exit the stock if you are long and to wait for more favorable bullish set ups to present itself. AAPL (