Yummy
By Steve Abraham on Oct 08, 2007
YUM brands brokeout today on big volume 10M vs 2M average. I think YUM provides a good alternative to more speculative tech names. It’s a steady grower for a conservative investors. Yum said it plans up to $4 billion in share repurchases in the next two years. The company predicted that 2007 will be the sixth straight year of exceeding its target of at least 10 percent annual earnings per share growth ( from Yahoo Finance). This stock is worth watching and maybe a good stock to balance an aggressive portfolio.
3 Responses to “Yummy”
Corps always “promise more investment dollars.” But the amount of shares released means nothing, if volume doesn’t pick up. This is definately for the conservative investor. I don’t listen to promises. I only listen to real-time wizetrade.
Big volume plus big press equals upwards trend. Make sure you realize it’s just that. A trend. It won’t stabilize upwards for very long. I learned my lesson with this before. I didn’t have wizetrade at the time, so I got screwed big time.
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The follow through volume was terrific on YUM the next day as well. Great earnings and great trading action. Looks like a real winner to me!