Stocks normally tank after they beat right?

looking at you APPL....

frankm01 said:

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Nothing special that I know of on TTD. I was just commenting that Prog brought it to this board many months ago with some conviction. I then researched it myself, bought some as a long term hold and am very glad I did.

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If we have a good correction this qtr, buy SMCI and I'll post 2 more later tonight.

Ccutamu said:

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Wow!

$XOM director insider buying big.

Bought almost $50 million dollar of stock around $105. $VDE $OXY

— Emini Tic (@TicTocTick) August 3, 2023

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$100/bbl around the corner?

cptthunder said:

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ProgN said:

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I will. I'm pissed I didn't think of this sooner because I was well aware of shortages industry wide.

That said,

Who all in here are in the petroleum industry or electrical industry because I want to pick your brains?

---

What part of the petroleum industry you talking?

---

Good evening family,

Many of you know that my former boss asked me to comeback to be his project manager for phase 2 of same complex that I was the project manager for 7 years ago. Anyone in construction can attest to the fact that it's about a 2 year delay for meter packs and large disconnects for apartments, hotels, etc. This is happening nationwide, not just in Texas. The owner of the electrical company doing my project said that a project in San Antonio can't even get transformers for 2 years. The following 2 stocks are in the manufacturing arena and the first one popped up on screen this week. I asked if anyone in petroleum, electrical and construction are familiar with them to please share their views and knowledge because I don't know enough of about them. I can provide a broker's opinion, but not real world verification.

The first is: Powell Industries
Symbol: POWL
Website: Powellind.com

They reported earnings 2 days ago and absolutely destroyed Wall Street's estimates.

Quote:

---

Powell Industries Shares Jump After Profit Doubles >POWL
9:51 am ET August 2, 2023 (Dow Jones) Print

By Colin Kellaher


Powell Industries shares surged sharply in early trading Wednesday after the maker of products and systems for the distribution, control and monitoring of electrical energy posted strong quarterly results.

Shares of the Houston company were recently changing hands at $80.44, up 31%.

After the closing bell on Tuesday, Powell said its net income for the fiscal third quarter ended June 30 more than doubled to $18.5 million, or $1.52 a share, from $9.1 million, or 76 cents a share, a year earlier.

The company also said revenue jumped 42% to $192.4 million, while its backlog nearly tripled to $1.3 billion.

---

This is a Houston based company and they do a lot of work for the petroleum industry, that's why I asked for anyone in O&G familiar with them to opine.

TL;DR, I like this company because I'm not concerned about them missing earnings and fundamentals give confidence. They're a small corporation with only 11.9 M float and also pay a small dividend, which tells me they make a lot of money and is a rarity for small cap company. I'm not buying it here, but when the macros do correct and it fills that huge gap from 2 days ago, then I'm buying and planting it in the accounts I control. Pull up a chart on it. I'd like others to give their opinions on it, because I don't like recommending stocks, especially small caps, that I have limited knowledge of. TIA


The second is: Eaton Corporation
Symbol: ETN
Website: Eaton.com

They're a larger corporation, 400 M shr float, that manufacture a lot of things and they also have a strong backlog, and earnings. The meter packs and disconnects for my project were originally scheduled to have arrived 7 months ago, but I received my first one last week for just one building. My project would've been completed at the beginning of next month but now it's looking like it will be February 2024. I can't wait to be temporarily let go until he decides to build the next complex. I'll take my initial position around $190 and even more at $170 should it fill that gap in a correction.

IMO, these are two strong, safe plays that can also provide excellent stock appreciation for folks that may want some diversification if they're too tech heavy.

I'd like y'alls opinions and suggestions of any other similar electrical equipment manufactures (large transformers, etc) that I can research.

TIA

ProgN said:

---

cptthunder said:

---

ProgN said:

---

I will. I'm pissed I didn't think of this sooner because I was well aware of shortages industry wide.

That said,

Who all in here are in the petroleum industry or electrical industry because I want to pick your brains?

---

What part of the petroleum industry you talking?

---

Good evening family,

Many of you know that my former boss asked me to comeback to be his project manager for phase 2 of same complex that I was the project manager for 7 years ago. Anyone in construction can attest to the fact that it's about a 2 year delay for meter packs and large disconnects for apartments, hotels, etc. This is happening nationwide, not just in Texas. The owner of the electrical company doing my project said that a project in San Antonio can't even get transformers for 2 years. The following 2 stocks are in the manufacturing arena and the first one popped up on screen this week. I asked if anyone in petroleum, electrical and construction are familiar with them to please share their views and knowledge because I don't know enough of about them. I can provide a broker's opinion, but not real world verification.

The first is: Powell Industries
Symbol: POWL
Website: Powellind.com

They reported earnings 2 days ago and absolutely destroyed Wall Street's estimates.

Quote:

---

Powell Industries Shares Jump After Profit Doubles >POWL
9:51 am ET August 2, 2023 (Dow Jones) Print

By Colin Kellaher


Powell Industries shares surged sharply in early trading Wednesday after the maker of products and systems for the distribution, control and monitoring of electrical energy posted strong quarterly results.

Shares of the Houston company were recently changing hands at $80.44, up 31%.

After the closing bell on Tuesday, Powell said its net income for the fiscal third quarter ended June 30 more than doubled to $18.5 million, or $1.52 a share, from $9.1 million, or 76 cents a share, a year earlier.

The company also said revenue jumped 42% to $192.4 million, while its backlog nearly tripled to $1.3 billion.

---

This is a Houston based company and they do a lot of work for the petroleum industry, that's why I asked for anyone in O&G familiar with them to opine.

TL;DR, I like this company because I'm not concerned about them missing earnings and fundamentals give confidence. They're a small corporation with only 11.9 M float and also pay a small dividend, which tells me they make a lot of money and is a rarity for small cap company. I'm not buying it here, but when the macros do correct and it fills that huge gap from 2 days ago, then I'm buying and planting it in the accounts I control. Pull up a chart on it. I'd like others to give their opinions on it, because I don't like recommending stocks, especially small caps, that I have limited knowledge of. TIA


The second is: Eaton Corporation
Symbol: ETN
Website: Eaton.com

They're a larger corporation, 400 M shr float, that manufacture a lot of things and they also have a strong backlog, and earnings. The meter packs and disconnects for my project were originally scheduled to have arrived 7 months ago, but I received my first one last week for just one building. My project would've been completed at the beginning of next month but now it's looking like it will be February 2024. I can't wait to be temporarily let go until he decides to build the next complex. I'll take my initial position around $190 and even more at $170 should it fill that gap in a correction.

IMO, these are two strong, safe plays that can also provide excellent stock appreciation for folks that may want some diversification if they're too tech heavy.

I'd like y'alls opinions and suggestions of any other similar electrical equipment manufactures (large transformers, etc) that I can research.

TIA

---

Ya know you're supposed to tell us BEFORE a 50% gain in day right?

That's what triggered it on my screen, so I had to find out what the hell they did. The more I looked at it, the more I like it.

Hard pass on Eaton

ProgN said:

---

cptthunder said:

---

ProgN said:

---

I will. I'm pissed I didn't think of this sooner because I was well aware of shortages industry wide.

That said,

Who all in here are in the petroleum industry or electrical industry because I want to pick your brains?

---

What part of the petroleum industry you talking?

---

Good evening family,

Many of you know that my former boss asked me to comeback to be his project manager for phase 2 of same complex that I was the project manager for 7 years ago. Anyone in construction can attest to the fact that it's about a 2 year delay for meter packs and large disconnects for apartments, hotels, etc. This is happening nationwide, not just in Texas. The owner of the electrical company doing my project said that a project in San Antonio can't even get transformers for 2 years. The following 2 stocks are in the manufacturing arena and the first one popped up on screen this week. I asked if anyone in petroleum, electrical and construction are familiar with them to please share their views and knowledge because I don't know enough of about them. I can provide a broker's opinion, but not real world verification.

The first is: Powell Industries
Symbol: POWL
Website: Powellind.com

They reported earnings 2 days ago and absolutely destroyed Wall Street's estimates.

Quote:

---

Powell Industries Shares Jump After Profit Doubles >POWL
9:51 am ET August 2, 2023 (Dow Jones) Print

By Colin Kellaher


Powell Industries shares surged sharply in early trading Wednesday after the maker of products and systems for the distribution, control and monitoring of electrical energy posted strong quarterly results.

Shares of the Houston company were recently changing hands at $80.44, up 31%.

After the closing bell on Tuesday, Powell said its net income for the fiscal third quarter ended June 30 more than doubled to $18.5 million, or $1.52 a share, from $9.1 million, or 76 cents a share, a year earlier.

The company also said revenue jumped 42% to $192.4 million, while its backlog nearly tripled to $1.3 billion.

---

This is a Houston based company and they do a lot of work for the petroleum industry, that's why I asked for anyone in O&G familiar with them to opine.

TL;DR, I like this company because I'm not concerned about them missing earnings and fundamentals give confidence. They're a small corporation with only 11.9 M float and also pay a small dividend, which tells me they make a lot of money and is a rarity for small cap company. I'm not buying it here, but when the macros do correct and it fills that huge gap from 2 days ago, then I'm buying and planting it in the accounts I control. Pull up a chart on it. I'd like others to give their opinions on it, because I don't like recommending stocks, especially small caps, that I have limited knowledge of. TIA


The second is: Eaton Corporation
Symbol: ETN
Website: Eaton.com

They're a larger corporation, 400 M shr float, that manufacture a lot of things and they also have a strong backlog, and earnings. The meter packs and disconnects for my project were originally scheduled to have arrived 7 months ago, but I received my first one last week for just one building. My project would've been completed at the beginning of next month but now it's looking like it will be February 2024. I can't wait to be temporarily let go until he decides to build the next complex. I'll take my initial position around $190 and even more at $170 should it fill that gap in a correction.

IMO, these are two strong, safe plays that can also provide excellent stock appreciation for folks that may want some diversification if they're too tech heavy.

I'd like y'alls opinions and suggestions of any other similar electrical equipment manufactures (large transformers, etc) that I can research.

TIA

---

I'm an MEP engineer so I really know what you are going thru. It's been crazy the past two years with transformer, gear, panels, etc.

I have heard of Powell before but don't use them. We use Eaton a lot, they are well diversified. I don't know much about looking at charts but trying to learn.

Others we use

ABB
Square D
Powersmiths
PQI

Powell is my second largest customer. Eaton is my largest vendor.

I won't state anything publicly, but I will privately. Too many know me, personally, on here to make a post about these two.

Fubo is going to the moon!!

Talon2DSO said:

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Fubo is going to the moon!!

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I need it to go to Neptune!

Signed,

bagholder