Dow is the only one in red, while S&P 500 & Nasdaq is green.
S&P 500 @ 1404.30
Internals are positive.
Oil UP $1.25
Gold UP $4.30
Canadian $ UP 28 tick @ 101.07, highest level since May.....
VIX Down 1.28% @ 14.66
Portfolio is BIDU,LVS,LEN,NTES,JCP,TCK,AUY
NTES reporting tonight, expecting a beat....
Most stocks are UP
@ 2.04 following are down :
BIDU,TCK,AUY,YUM,CLF,FCX,GOOG,AAPL,
GG,MA,V,X,AEM,SINA,ECA,SNE.....
BLOG does NOT give buy or sell.
Saleem
SALEEM
ReplyDeleteCISCO beets !!
Lets see your NTES
Good luck
\C
Hey Saleem,
ReplyDeleteNo worries on CSCO with guidance. Tech could rocket again tomorrow.
Stocktrader
Hi C & Stocktrader,
ReplyDeleteCSCO UP 5%...that is a change..we can live with $$$$
Saleem
Hey Saleem,
ReplyDeleteMassive datacenter growth for CSCO. I think it was 40+% sequential growth, 90+% YoY growth (going off memory, listening to CC). Amazing for a company so large!
I'll have to think about how to play this more. FIO is a good start--I might just add to my position.
Stocktrader
Hi Stocktrader,
ReplyDeletePlease give us a recap of CSCO cc...i will be listening to NTES cc @ 9 PM...
Saleem
Hey Saleem,
ReplyDeleteChambers is giving guidance in about 2 minutes. Expect more movement. I'll try to recap after its all over.
Stocktrader
Hey Saleem,
ReplyDeleteGuidance for Q1 is basically inline.
Stocktrader
Hi Stocktrader,
ReplyDeleteIn-line guidance is desirable..as it leaves room to beat.....
Saleem
Hey Saleem,
ReplyDeleteCSCO highlights:
Billings are up overall. Cloud/datacenter showed huge growth--90+% rev growth, 58% billings growth YoY.
Europe troubled for a while
US state/local and enterprise surprisingly good--cautious to not call bottom too soon
US fed will be slow still
Emerging markets strong--India seems to be bottoming
Lat Am soft
US service providers up in second half as expected
AsiaPac service providers remain good
Europe service providers very conservative for second half
Tone was positive. They believe they are taking share as their competitors are guiding to flat to down YoY while they are guiding slightly higher. Due to this, they are being somewhat conservative as they don't have to push Wall Street numbers since they are guiding so "high" anyways.
I was listening to both CSCO and NTAP conference calls at one point so my list might not be comprehensive although CSCO was into questions already before NTAP started.
For what it's worth, NTAP seems very compelling here. Great partners, great industry.
Stocktrader
Hi Stocktrader,
ReplyDeleteThanks for your CSCO update...
NTES was a miss on Sales by $18 million
EPS miss by 3 cents
I have to listen to cc to make any decision about NTES.....
NTES has $2.2 billion in Cash......
Saleem
Hey Saleem,
ReplyDeleteGood luck with NTES. Hopefully the conference call will shed some positive light on future prospects.
Stocktrader