Financials Could Signal There Is A Chink In The Armour
The financial stocks have now lead the major stock indexes higher since late November 2011. Traders and investors that have followed the financial sector very closely know that every crisis over the past five years has been a banking crisis. Even today, the problems in the European Union are simply just more banking problems.
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Nortech Systems Incorporated (NASDAQ:NSYS) reported net sales of $28.3 million for the third quarter ended Sept. 30, 2011, a nine percent increase over net sales of $26.0 million for the third quarter of 2010. Operating income for the third quarter of 2011 was $420,000, compared to $166,000 for the third quarter of 2010.
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General Maritime Corp. (NYSE:GMR) announced that it will hold a conference call to discuss the Company's results for the third quarter of 2011 on Thursday, November 3, 2011 at 8:30 a.m. Eastern Time. The Company will issue financial results for the third quarter ended September 30, 2011 on Wednesday, November 2, 2011 after the close of market trading.
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Spartech Corp. (NYSE:SEH) announced that it has posted its standard investor presentation on the Investors section of its website. Sales volumes generally follow a typical seasonality in our fourth quarter which can see a 5% sequential decline. Our September sales volumes have remained stable and are showing typical seasonal trends that improve from August to September.