Diamonds and Dogs
Greenbrier (GBX) jumping on an upgrade. The railroad freight car equipment maker is up 6% as one analyst said investors are underestimating the benefit of recently inked deals to grow and diversify the business. The company has faced headwinds with profit margins, but improving North American business and international expansion should support earnings growth in 2018.
BlackRock (BLK) is under pressure. The ETF behemoth is down 3% after missing earnings and sales numbers. The company reported earnings of $5.24 per share, $0.15 worse than consensus as revenues rose 5.7% year/year to $2.96 billion. Record $94 billion of long-term net inflows, positive across client type, product type and investment style, but after a big run up, the stock is taking a breather.
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