Friday, July 20, 2007

Lots of Buzz

Lots of noise coming out today.

First off, Google(GOOG) missed on earnings. It isn't too often you see that stock get hit hard. I think people are letting it cool off, but should still be bullish on it long term.

Caterpillar(CAT) missed on earnings, because of a soft U.S. construction market and some added expenses. I'm going to use this weakness to add holdings in the portfolio. Also Manitowoc(MTW) is getting hurt today because it gets lumped in with CAT, and this shouldn't necessarily be. They just purchased an Indian crane company to add to their international exposure. I view this purchase as a sign that things are going well at Manitowoc. I'm adding shares on this weakness as well. They report earnings on the 30th.

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