Indices are continuing their run of new all time highs in S&P 500 & Dow, while Nasdaq is @ decade high.
S&P 500 @ 1619.79
Internals are positive.
Oil UP 32 cents
Gold UP $ 4.20
Canadian $ UP 7 tick @ 99.28
VIX Down .70% @ 12.76
Portfolio EBAY KOG BBRY AUY
Most stocks are UP
@ 2.09 following are red :
JCP HMC COH KORS LULU AMZN EXPE
FB TZA SU YUM M LVS PANW MA V
MON MCD EGO SLW AEM MLNX
Z WYNN ....
BLOG does NOT give buy or sell.
Saleem
2 comments:
Hey Saleem,
I just finished with the BSFT call. Although guidance for Q2 was weak, the stock is up $2 in afterhours as people are encouraged by the Q1 beat (possibly meaning UPOD for Q2) and also relief that business conditions have stabilized from the slashing of guidance last quarter.
Beyond that though, I'm not sure they have reached that inflection point yet for accelerated growth. Many analysts on the call were interested to know how the company was confident enough to reiterate FY13 (which includes an aggressive second half ramp) yet lower Q2 guidance. I'm not sure management satisfied them by simply stating their normal back-half seasonality would come into play.
I suspect the upside for the stock is limited here barring takeover rumors/events. It seems prudent to wait and see how Q2 looks and how Q3 guides before really jumping full force back into this name.
Stocktrader
Hi Stocktrader,
Thanks for BSFT cc analysis.
Saleem
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