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Tracking Stocks to Predict Earnings, Forecast Results Early

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How Ryder's charts and DuPont's charts presaged their announcements today.

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MINYANVILLE ORIGINAL Ryder System, Inc. (NYSE:R) raised its forecast for FY12 comparable earnings this morning in the same earnings call where it delivered its third quarter results. Since then the stock is up 6% so far today. This FY12 comparable earnings per share ("EPS") forecast was $3.93-$3.98 from a previous range of $3.75-$3.90.

ChartLabPro.com had been tracking an interesting upward pattern in Ryder stock prior to earnings announcement and the revised forecast. We went to a Strong Buy in the name on Oct 17.

This morning we wrote about the opposite situation with DuPont (NYSE:DD). Not only did it announce today that it missed profit and revenue estimates, but it revised down its FY12 EPS forecast to $3.25-$3.30 from a previous range of $4.20-$4.40. So far today, DuPont is down 7.84%. ChartLabPro.com put a Sell on the name on Oct 10 at $48.80.


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No positions in stocks mentioned.
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