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Two Ways To Play: China Mobile Dials Up Successful Quarter


Strengthen your portfolio in good times and bad.

J.Crew Fumbles in Second Quarter

Shares of J.Crew (JCG) are under pressure this morning. The Wall Street Journal reports JCG said fiscal 2Q profits fell 12% due in part to a systems upgrade that temporarily disrupted phone and Internet sales. Net income fell to $18.1 million, or 28 cents per share, below analysts' estimates which ranged from 31 cents to 33 cents a share. Revenues increased 10% but same-store sales fell 0.4%.

Further, the company lowered its outlook for the full year and now expect to earn $1.44 to $1.54 a share, down from its previous guidance in May of $1.70 to $1.75 a share.

From the Bull Pen: In the retail sector, bull might see a play in Gymboree (GYMB). Sell-stops can be set below $35.

From the Bear Cave: The easy trade is over for JCG. Bears can eye another candidate, Aeropostale (ARO). Watch for the behavior if the stock slips below its 50 DMA.

China Mobile's Profits Jump 51%

Bloomberg reports China Mobile (CHL) second-quarter profits beat analysts' estimate after the company cut prices to attract users. The world's largest phone company by market value said net income jumped 51% to $4.5 billion which was double the estimates of its three biggest rivals combined.

he company added 22.7 million customers and increased sales by 16% after the Chinese government asked the company to cut prices of long-distance domestic calls by as much as 50%. Shares rose 3.5% in Hong Kong trading.

From the Bull Pen: Bulls can look for an upside trade in Apple (AAPL) with a tight sell stop if the stock can fall to its 50 DMA ($170.20).

From the Bear Cave: The news certainly seems uplifting for China Mobile bulls. But bears can fade this sentiment if CHL can get to its 50 DMA ($65.50).

For more ideas in real time throughout the trading day, check out Minyanville's Buzz & Banter.

Quick Check Around the World

Asian trading closed with the Hang Seng +1.94%, Nikkei -0.20%, Sensex -1.28%, Taiwan +1.67% and Shanghai -0.34%.

Quickly glancing towards Europe, we see the CAC -0.91%, DAX -0.92%, FTSE +0.12%

A Look At Commodities

Commodities are mostly higher. Crude oil is up +1.11 to 117.41. Gold is up +11.10 to 833.30. Silver is higher +0.145 to 13.720, but copper is lower -4.05 to 347.85.

The dollar index is lower -0.511 to 76.737.

On the Radar


7:00 MBA Mortgage Applications
8:30 Durable Goods Orders: 0.1% cons
8:30 Durables ex Trans: -0.5% cons.

Get over the hump! Good luck today!
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No positions in stocks mentioned.

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