STP the solar leader with the HIGHEST sales this year and projected HIGHEST Sales next year among all solar companies.
STP will BEAT FSLR & SPWR on Sales for both year.
STP closed @ $38.55 on friday.
STP 52 week HIGH is $40.49.
STP is only $1.94 below 52 week high...........Will it go right through $40.49 which STP did back in Feb..........
I am hoping that STP will go through and will make new Series of all time HIGH.............
STP on thursday hit intraday high of $39.58...only 91 cents below all time high..........then the market took a major tumble....nasdaq down almost 43.....STP also came down to $37.50..a $2.08 turnaround.
STP is almost positive on CMF..........
STP target by P&F chart is $52.........
With market & STP turaround on friday......we have a good chance of making new all time HIGHS in the coming week.
STP has been my #1 pick for the last 1 year...and have traded 11 times always with multiple point gain.
AMAT is reporting coming tuesday after close ...2nd Q earning are expected to be as follows:
Sales Q2 $2.35 billion Q3 $2.43 billion
+4.6% YOY
EPS Q2 28 cents Q3 30 cents
+7.6% YOY
AMAT has beat expectations 3/4 times in the last 4 qtrs.
So there is a good chance that AMAT will beat on EPS.
AMAT is also growing sales in solar business...and this area is a new growth area for AMAT.
AMAT is trading 13 cents away from 52 week high of $19.90.
There is a very good chance of AMAT going to new 52 week highs in the coming week.
Both P&F and UBS has a target price of $25.....UBS upgraded AMAT to BUY on friday.
AMAT is trading where it was back in Jan07.......so a major basing pattern in the last 5 months.
AMAT is trading @ 14.12 PE based on FY ending 10/08 earning expectation of $1.40 by UBS.
Markets are very volatile these days .......so it is PRUDENT to lock profit on a daily basis....where possible.....that is exactly what I am doing.
Trade the same stocks frequently.....but know FA/TA on every stocks you trade.
On a personal note...today is my 62nd birthday......so it is nice to share a happy moment in my life with all of you.
Please do your own due diligence.
BLOG does not give buy or sell.
Good luck to all in life & in trading.
Saleem
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