Indices are mixed as wait & see for Fed statement continues.
S&P 500 @ 1684.03
Internals are negative.
Oil Down $1.68
Gold Down $4.40
Canadian $ Down 36 cents @ 97.05
VIX UP 5.23% @ 14.09
Portfolio AMD CLF MU AUY
Most stocks are down
@ 2.01 following are green :
AMD AUY FB CLDX KORS CSIQ SPWR
GMCR SODA TIF AAPL GOOG RDN
LULU EXPE CMG LVS BIDU FFIV
MA WPRT CRUS LRCX CIEN
NVDA FSLR SLW SINA
WYNN TRLA......
BLOG does NOT give buy or sell.
Saleem
7 comments:
Hey Saleem,
Listening to X's conference call, I see a lot of areas for potential improvement in coming quarters--even some analysts expressed hope that European steel prices have bottomed with small increases in prices in recent weeks and Europe coming off the "holiday season". Their US flat-rolled business is expected to improve in both higher prices and lower costs, although shipments will be slightly lower due to planned outages and the ongoing strike. Any resolution to the strike, being voted on tomorrow, and resumption of production is not factored into guidance. They also have task groups in place to evaluate potential operational improvements across all their segments.
They continue to be free cash flow positive, so I'm comfortable with the holding and will see how things play out over the coming weeks.
Stocktrader
Hi Stocktrader,
Thanks for your cc analysis of X.
Saleem
Hey Saleem,
Popped into INVN's conference call. The guidance is fairly good projecting revenues and earnings above street estimates for next quarter (if I heard right, 68-70M and 19-20c), but I think maybe the street is disappointed there's no indication of an AAPL win yet? The stock is not cheap and may have to rest a while?
I'm listening to BWLD now, but I'm getting burned out from listening to so many today. I wonder if BWLD's market penetration has plateaued? Their valuation is a little rich if they need to depend solely on operational efficiencies going forward, although it seems chicken prices may be falling. I'll keep listening...
Stocktrader
Hi Stocktrader,
Thanks for your cc report on INVN & BWLD..AH is almost flattish.
Try to monitor fewer cc to avoid burnout from cc.....
Saleem
Hey Saleem,
The recent up move in BWLD is likely attributable to the comment that comps accelerated as July progressed.
Stocktrader
Hey Saleem,
As far as the INVN "disappointment", the stock had been as high as $16.50 in AH and fell back on the guidance itself, which was pretty good I thought.
Stocktrader
Hi Stocktrader,
Thanks for your update on INVN & BWLD......
Saleem
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