Friday, November 30, 2007

Prudent Stock:11/30/07


(JCI) Johnson Controls, Inc. is an interior experience, building efficiency, and power solutions company. It operates in three segments: Building Efficiency, Automotive Experience, and Power Solutions. Building Efficiency segment engages in the design, production, and installation of control systems that monitor, automate, and integrate building operating equipment and conditions. The stock is down significantly from a 52-week high but has held up well at the 200 day moving average, I may be a little late but there is still room in this move. It reported a good quarter and has been a steady and consist stock for many years. The company recently forecasted earnings growth 17%, sales growth of 11%, and has a PE of 13. The stocks fair value is around 60/share.

Posted by prudentstockinvestor M.D. at 9:58 AM

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$BPCOMP

$BPCOMP
Extremely Oversold

Regarding Chart: BPCOMQ

This is the lowest close seen in years, usually a sharp and violent rally follows these moves enhanced by short covering, this is no time to short and start making a shopping list.

Bear-ly Hangin" In dustrials

Bear-ly Hangin" In dustrials
Dow Graph: 11/20/07
The Dow looks like its fighting for its life here at the level. It's no surprise there was a vicious bounce off the trend line as shown in the chart. Unfortunately, the last time we had that five hundred point reversal day was caused by the Fed stepping in, there has to be a similar event that helps the market or there is more pain ahead. The Fed minutes said nothing the market really liked, we sold off hard and bounced back hard as we hit support. This was just a reflex rally we may have to get one more really painful selloff to get around 12500.