Sunday, February 04, 2007
FNF - Breaks Out
Here is one that I picked up with the break out filter - FNF. I like the looks of this one and have found out that they are announcing earnings tomorrow after market close. I never recommend holding stocks into earnings but this one might be OK. Last Wednesday they announced their quarterly dividend will be the same as the previous one, 30 cents, and since then the stock has gone up. I like stocks rising into earnings. Historically they are good for a day or two after the announcement and then they start coming back to reality.
If my (and the Fed boards) contention that housing has stabilized holds true - FNF should benefit since their business is title insurance.
Not a recommendation and do your own DD before you buy any stocks.