Originally Posted by
Huck
From CNBC:
News Headlines
....In a continuing saga unfolding on Wall Street, many individual analysts are upgrading the companies they cover based on company metrics, despite macroeconomic fears being spread by top-down economists.
It’s a battle where it’s not quite certain who to believe: the more objective economists studying the data from 30,000 feet or the individual analyst, who tends to err on the favorable side, but have a laser-focus on the microeconomic factors sometimes missed from the economists’ Ivory towers.
The latest example came today when a BB&T analyst upgraded FedEx following a 19% drop and 8% slide respectively in the shares over the last three months on double-dip recession fears.
Using the kind of data that only an analyst would uncover, BB&T’s Kevin Sterling cited FedEx’s plans to increase pilot work hours to pre-recession levels “in anticipation of stronger demand, particularly out of Asia.” The analyst also cited moves by both UPS and FedEx to add planes to their Asia networks.
You're not really talking about ups's aggressive move to get that 1 whopping slot out os asia? If that cause them to upgrade ups then i i know why we were in such a financial meltdown with these banks making these ridiculous predictions.
