Wednesday, January 5, 2011

Ruby Tuesday

ADP employment report was positive today, turning what looked like a down day into a positive one. No trades seem to be jumping out at me today like Mosaic did yesterday. Ruby Tuesday (RT) reports earnings tonight. I'm not putting on a trade since the stock is highly volatile and I don' t have any capital available now anyway. If anything I would bet on an earnings miss/stock decline after the announcement. Darden Restaurants (DRI) was down around 6% after their earnings a couple weeks ago and has continued to slide while the market rallied. Given rising food costs and a still nervous consumer I wouldn't expect much from RT.

1 comment:

  1. RT currently up about 2.75% after hours after an earnings beat. Look like I was wrong on this one. We'll see what happens tomorrow.

    ReplyDelete