INTC ER came in-line....but their higher guidance gave the-boost to techs.....
INTC revenue was guided higher than consensus and their margin is showing improvement....
That is ALL what techs were looking for......
Most frontline tech stocks are sharply higher among them AAPL,RIMM,INTC,IBM,LRCX,
NVLS,BRCM,NVDA.......even Solar stocks are further UP in AH......
Wed should be a nice UP day in Tech land........
In my portfolio :
AAPL rating 35/85 target $161.30
ICO rating 45/30 target $7.12
RIMM rating 15/90 target $125.01
SEED rating 85/95 target $7.15
TOL rating 90/65 target $25.07
In other stocks :
YGE rating 30/95 target $24.91
SOLF rating 80/90 target $17.55
Strong stocks were ISRG,LDK,CSIQ,JASO,FSLR,SPWR,IFN,NMX,NYX,ICE,
NTES,SOHU,X,FMCN,DRYS.......
Weak stocks were AFFX,CROX,CMED,NVTL......on heavy volume !!!!
BLOG does NOT give buy or sell.
Saleem
9 comments:
Just a quick thought, with INTC's good earnings, will some money move out of AGs/commodities/OIL stocks and move to Tech?
Something to keep in mind whoever is holding AG, maybe sector rotation out of AG/OIL....
Hi Troy,
Yes...you are right on the money !!!
Techs are trading near 6 months LOW...does NOT take a genius to figure that one out....
It IS alway's about risk/reward ratio.....which IS the-best in techs.....
Saleem
Hi Saleem. I disagree. There is a lot of money on the sidelines. There is no need to take money out of energy or ag to feed a well deserved tech run. We are in a secular bull market for agriculture. I have invested over 6 years in UPL, SU, and ICENX (Energy mutual fund) and have heard years of negative comments on energy. Any big dips in stocks like POT, MON, MOS, TITN etc are buying opportunities IMO. With a growing world population starting to get the taste of meat, ag will continue to run.
Hi Minaccess,
As you noted that serious money has been made in Ag & energy over several years.....
So there will be a natural tendency to move the profit towards laggards like tech...
It is NEVER about all or nothing in any sector...it is all about weighting.....
POT,AGU & others will continue to do well...but $ allocation will increase in techs & other laggards...
Techs will take centre stage NOW !!!!
Saleem
Hi Saleem. POPT up $5 in pre-market to new high.
Hi Saleem. Typo. I meant POT.
Hi Minaccess,
Today should be a very good day for many sectors like AG,TECH,SOLAR based on pre-market..
Saleem
Hi Saleem. Today is very important IMO. We had a string of low volume down days that was snapped yesterday with a high volume up day. This is the kind of action you get in a new rally. The low volume down days eat away at your confidence. Much money an be made at the beginning of rallies as most people don't believe and there is money sitting on the sidelines. If we get another high volume up day and good news after the close, we should all (except shorts) make money.
Hi Minaccess,
Markets are definitely on the mend and want to go higher....
Today will be a very big day for confidence building.
IBM ER will be very good also...so we will have another boost to Nasdaq in particular & markets in general......
CY,SPWR,ESLR are due thursday...expect them to be good also !!!
Saleem
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