Filed under: Major Movement, Earnings Reports, Forecasts, Good news, Whole Foods Market (WFMI), Options, Technical Analysis
Whole Foods Market (WFMI – option chain) shares are rising today after the company reported earnings last night, posting a fiscal-Q1 profit of $88.7 million, or 51 cents per share, on revenue of $3 billion. Analysts had forecast a profit of 45 cents per share on revenue of $2.98 billion. The company also lifted its 2011 earnings forecast to a range of $1.76 to $1.80 per share, up from a previous range of $1.66 to $1.71 per share. Analysts are expecting 2011 earnings of $1.71 per share. If you think that the stock won’t fall by too much in the coming months, then now could be a good time to look at a bullish hedged trade on WFMI.
WFMI opened this morning at $58.77. So far today the stock has hit a low of $58.49 and a high of $60.94. As of 12:05, WFMI is trading at $60.56 up 6.56 (12.7%). The chart for WFMI looks bullish and S&P gives WFMI a positive 4 STARS (out of 5) buy ranking.
Continue reading Whole Foods Soars on Q1 Earnings and Raised Forecast
Whole Foods Soars on Q1 Earnings and Raised Forecast originally appeared on BloggingStocks on Thu, 10 Feb 2011 13:20:00 EST. Please see our terms for use of feeds.












