HEI, ZLC, TSEM, SYNO, TA, SDBT Expected To Be Lower After Earnings Releases on Wednesday
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(M2 PressWIRE Via Acquire Media NewsEdge) avery label software Ontario is monitoring the performance of all stocks with earnings being released Wednesday, February 24th and determining how the stocks have performed after their last 12 quarterly, 6 quarterly and February earnings reports. HEICO Corp (NYSE: HEI), Zale Corp (NYSE: ZLC), Tower Semiconductor (NASDAQ: TSEM), Synovis Life Technologies (NASDAQ: SYNO), TravelCenters of America (NYSE: TA) and SoundBite Communications (NASDAQ: SDBT) are all expected to be lower after their earnings are released Wednesday. The movement of stock prices in the days and weeks leading to and following these earnings announcements may follow a predictable pattern. Most companies stock price histories show random or unpredictable movements around earnings dates. But some seem to repeat the same pattern quarter after quarter, year after year. The # of Reports in the table below shows how many previous quarterly reports comprise the indicator that predicts how a stock will act after its earnings are released. The specific technology used to make these predictions is available for a low monthly fee at template software Ontario / Canada. The following stocks are expected to go lower after earnings are released Wednesday: Symbol Company # of Reports Quarter Release Time HEI HEICO Corp. February earnings Q1 After ZLC Zale Corporation 12 quarters Q2 Before TSEM Tower Semiconductor Ltd 12 quarters Q4 Before SYNO Synovis Life Tech February earnings Q1 Before TA TravelCenters of Amer 12 quarters Q4 Before SDBT SoundBite Communication 12 quarters Q4 After Earnings, or profits, drive stock prices. The market values a company based on its current and anticipated future ability to make money. The market takes the earnings pulse of a company four times per year when quarterly reports are issued. When this information is released it can often be a trend-changing or a trend confirming event because the information is so vital to the market’s perception of the vitality of that label software Ontario / Canada company.
UAW holds nationalist rally at NUMMI plant in California
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United Auto Workers held a rally ostensibly to save NUMMI—the New United Motors and Manufacturing, Inc. plant in Fremont, California, a former joint venture between General Motors and Toyota. In fact, the event was a stunt aimed at channeling opposition to the plant closure in a nationalist, anti-Japanese direction.
The rally was sparsely attended by workers, reflecting widespread disgust with the UAW. It was a media event organized by the union apparatus, which the vast majority of workers rightly see as complicit in the closure of the plant. Some 4,500 workers will lose their managed care nursing jobs when the plant closes March 31.
Last month, anger among auto workers boiled over at a Local 2244 meeting, with lvn jobs in orange county ca workers nearly coming to blows with union functionaries. (See “The class divide between US auto workers and the UAW”)
The main speakers at the rally were all enemies of the working class—including AFL-CIO President Richard Trumka, who helped destroy thousands of managed care jobs as head of the United Mine Workers; UAW Vice President Bob King, next president of the UAW, who negotiated contract concessions at Ford last year that were resoundingly rejected by auto workers; and Democratic Party officials who have helped carry out the destruction of social programs and jobs throughout the state.
In June 2009, GM pulled out of the NUMMI joint venture. GM’s decision assured the eventual closure of the plant, which Toyota announced in September of last year. This was part of bankruptcy proceedings overseen by the Obama administration that led to the shutting of dozens of plants and massive attacks on auto workers throughout the country. The UAW fully agreed with the GM pullout, and it supported the bankruptcy process as a whole, which was aimed at boosting GM profitability on the backs of workers. No union official has proposed boycotting GM, Chrysler or Ford over their attack on auto workers.
In exchange for abandoning and impoverishing thousands of the workers it nominally represents, the UAW was richly rewarded with control over the multibillion-dollar retirement health insurance program—the Voluntary Employee Benefit Association fund. It has become a principal shareholder in the Big Three US automakers—GM, Ford and Chrysler–with a direct interest in increasing the exploitation of auto workers.
The UAW is now seizing on the closure of NUMMI to launch a chauvinist anti-Japanese campaign to boycott Toyota. At both the rally and on UAW Local 2244’s web site a Toyota logo has been prominently featured, morphed into a skull, under the headline, “Toyota stealing lvn jobs California.”
The effort dovetails with the recall of Toyota vehicles over safety concerns. US auto companies have seized on the legitimate concerns of consumers in an attempt to boost sales for the Big Three, which have themselves been plagued by safety problems and recalls over the years.
