Indices are mixed with Dow being down.
S&P 500 @ 1520.63, high today so far 1524.69 which is multi year high.
Internals are positive
Oil Unchanged
Gold Down $6.90
Canadian $ UP 5 tick @ 99.85
VIX UP 3.01 @ 13.02
Portfolio is BAC,FB,BBRY,YHOO
Most stocks are UP
@ 1.50 following are down :
BBRY,KORS,CLF,LULU,CSOD,CF,CMG,
LEN,M,RVBD,YUM,PANW,FFIV,GG,
MA,V,CRUS,C,QCOM,FSLR,SBUX,
MCD,STLD,EGO,GG,BJRI,AGU....
BLOG does NOT give buy or sell.
Saleem
6 comments:
Hey Saleem,
Sold ~half of PFPT at 13.32 when it broke the 200 DMA.
The market feels really squishy here.
Stocktrader
Hi Stocktrader,
Looks like a reversal day today?
Saleem
Hey Saleem,
In my opinion, CSCO's conference call comments are much more positive than the stock is currently acting in after hours (20.67 right now). Chambers is talking slow, steady upturns in many segments and geographies in terms of capital spending. The only possible hiccup to this trend he says could come from political problems and even then says it would likely be temporary. He says the spending budgets worldwide have established a new base in recent quarters and are now moving up from that base.
I'll be interested to see what happens tomorrow with the analysts and institutional traders.
Stocktrader
Hi Stocktrader,
CSCO guidance is short on revenue vs consensus...culprit is Europe.
Currently down 1.6%...not bad...BUT analysts are driving each stocks @ this elevated state in indices.
Saleem
Hey Saleem,
Based on what I heard, the exclusion of the Linksys unit that is being sold this quarter makes the revenue guide nearly match consensus. Maybe that's something that will come through in the analyst commentary tomorrow, but more so I like how even this guidance is considered a "slow start" for Chambers and he expects even better to come.
I don't know, I got a good feeling from the call in terms of IT spending ramp for the year--we'll see what happens tomorrow with CSCO and other technology spending stocks.
Stocktrader
Hi Stocktrader,
CSCO IS a bellwether for many stocks in terms of future business & growth of many related companies.
Hopefully analysts will be "objective in their take of CSCO ER"
Saleem
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