Markets remained in holding pattern.......
V ER was NOT well received in AH....currently down $4.63 from today's close.....
V beat by 6 cents on EPS 52 cents vs 46 cents consensus.
Sales were $1.45 billion vs $1.19 billion one year ago....
Guidance of Sales is on the upper range of 11% to 15% of annual revenue growth..
EPS margin are in low 40% after factoring Marketing expense for Olympics which starts in May...
CC was not as upbeat as it could have been..as V was highlighting "potential of slowdown in US consumer...but saying that they have NOT seen any slowdown YET......It could also be a case of UPOD...under promise over deliver.....
V tape AH maybe a reflection of being overbought in the short term or expectations from ER may have been higher....
Analyst upgrade/downgrade will decide Tuesday's tape on V.....
In my portfolio :
EGO rating 100/85 target $7.82
ICO rating 25/30 target $9.35
NTES rating 25/30 target $23.45
SEED rating 20/30 target $9.13
TSO rating 35/95 target $31.63
TOL rating 65/50 target $26.85
V No TA..too new
In other stock :
CMED rating 70/65 target $41.89
Strong stocks were AAPL,RIMM,MA,ISRG,CSIQ,GOOG,SOHU,NDAQ,VMW,
LVS,GRMN.....
BLOG does NOT give buy or sell.
Saleem
3 comments:
Saleem,
Looks like a typical pump and dump on V......but in the long run....the trend is up.....like MA. CMED showing some strength? Goooood! Atlanta seeing accelerated cost of living increases in fuel and food. Everything else moving up, even Walmart. Home prices slightly negative. Best Regards
Hi Standards,
V tape was very disappointing in AH.....let us see what analyst "musical chair will do" on tuesday....
US$ slump is playing havoc with cost of living in US...
My 3 brothers 2 sisters live in US and they are complaining ....
Hopefully from wed ..after fed last easing..US$ will get stronger & oil/commodity will fall.
I have to do more work on CMED tape then take it from there.
Saleem
SALEEM
Good luck to all
M
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