Indices are green again after fighting morning profit taking......
Buy on the dip is working like a charm......
Gold Up $3.30
Oil UP 20 cents
Canadian $ UP 12 tick to 100.24 Cents US for 1 CAD... record high in two years.....
In my portfolio :
Bought RFMD @ $5.50
Portfolio is CRUS,LDK,MU,RFMD,RIMM,TER....
TER report AH @ 630 PM EDT..cc On Thursday 10 AM EDT...expecting a beat & guide UP....
@ 12.44 following are green :
CRUS,AAPL,JDSU,IAG,EGO,SLW,TCK,
GOOG,MS,GS,SOL,GG,AMZN,SNDA,
CTRN,AEM,ABX,FWLT....
BLOG does NOT give buy or sell.
Saleem
6 comments:
Saleem
J Cramer love RFMD
I had some yrs ago and did OK
they should do well this year
Good luck
I misses selling RIMM at $73.41--Phew
good luck to all
Hi C,
RFMD is coming out of a major slump....
RIMM can be traded daily $2 swing everyday....I also missed it today ???
Saleem
Saleem
thanks I stepped out and when I got back
the market moved with out me
Yuk
regards to all
Hi C,
Lot of profit taking going on....
Had to sell MU & added more TER.
Saleem
Saleem
for your interest
The rise of wireless, networking and LEDs is brightening the outlook for the top 5 chip industry stocks on IBD’s latest ranking of the top 100 U.S.-traded stocks.
Chip stocks are among the many sectors down midday in the general downturn sparked by the government’s civil charges against Goldman Sachs and the trouble with airline stocks as a result of the volcanic eruption in Iceland.
Still, many tech sectors are on the upswing, which is good for chip firms. Two of the top 5 will report results today and tomorrow, providing more tests of the strength of the chip sector.
The top 5 chip industry companies are:
3. Aixtron (AIXG) . The company makes equipment used to make LED, or light-emitting diode, chips. LED is fast gaining steam as a green lighting alternative, and LED chips are used in many different types of computer and cell phone displays. UBS initiated coverage this month with a buy rating.
28. Atheros Communications (ATHR) . The maker of Wi-Fi and other chips is set to report its latest financial results after the close of regular trading today — and the numbers could be huge. Analysts polled by Thomson Reuters expect per-share profit minus items of 51 cents, up 750% from just 6 cents in the year-ago quarter. Sales are expected to jump 129% to $210.2 million. The stock cleared a cup-with-handle last month.
30. NetLogic Microsystems (NETL) . The maker of so-called knowledge-based chips, which accelerate computer networking traffic, recently completed a 6.7-million-share secondary offering, with most of the shares sold by the company, at $28.85. (It’s trading above 31 even after a tough day so far today.) This includes an 883,000-share over-allotment that underwriters exercised.
61. Cree (CREE) . One of the leading makers of LEDs was upgraded to buy from hold by Morgan Joseph last week. It reports tomorrow and, like Atheros, is expected to post big numbers. Analysts polled by Thomson Reuters expect EPS ex items of 44 cents, up 238% from a year ago. Sales are seen rising 70% to $223.3 million. Its year-over-year EPS percentage growth for the four quarters of 2009 was 30%, 100%, 100% and 90%, respectively.
64. Marvell Technology Group (MRVL) . The maker of networking, wireless and other chips is the only one of these five that is just returning to the IBD 100 after an absence. The other four have been staples of the list for quite a few weeks. In its most recent quarter, it reported EPS minus items of 40 cents, up 700% from 5 cents a year ago. The MainStay Large Cap Growth Fund is among those that have added to their Marvell holdings of late.
Hi C,
Thanks for chip report.....
Saleem
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