Tuesday, August 2, 2016

Indices down .66% to 1.08%.....

Indices are down on lower oil, softer data in US & bad bank earnings from Germany.

S&P 500 @ 2153.20, low 2147.58, high 2170.20

Internals are negative by 4 to 1 in NYSE & 3 to 1 in Nasdaq

Oil Down 66 cents

Gold UP $12.20

Canadian $ UP 24 tick @ .6903

VIX UP 10.85% @ 13.79

In my portfolio ....Bought NTES @ $200.48

Portfolio GOOG CNQ CMG GG NTES JCP SBUX UA VRX

Most stocks are down

@ 2.18 following are UP :

CNQ GG VRX EGO ABX KGC FEYE FSLR SODA TCK
SU SLW AEM MA AGU.....

BLOG does NOT give buy or sell.

Saleem

6 comments:

stocktrader_1996 said...

Hi Saleem,

Sold TASR @ 28.85 to take profits.

Rebought SWKS @ 65.08

Stocktrader

stocktrader_1996 said...

Hi Saleem,

QRVO is a steal down here. The only blemish was the lower gross margins which is a direct result of very high volume in certain products (listening to call). I wish I could trade in after hours for the retirement account. I picked up some in my trading account @ 57.40. This could easily flip to positive by tomorrow morning.

Stocktrader

stocktrader_1996 said...

Hi Saleem,

Also listened to the first half hour of the DATA call. They lowered guidance for Q3 and year...and are trading higher! :) The guide down was merely a result of a ramp in ratable contracts which have the effect of lower current quarter, but steady longer term, revenue and increased upfront commissions paid on a % basis. The street is appropriately looking through that "miss"--good job really.

Stocktrader

stocktrader_1996 said...

Hi Saleem,

QRVO made additional comments that the lower gross margin is not a pricing problem in the industry and merely a situation specific to QRVO currently. They also commented that the Q3 huge above-guide is not a symptom of pull-forward giving them upside potential for Q4 also. Finally, I *think* they just said after their initiatives take place in the next few quarters, they should be back above 50% gross margin (was slightly distracted).

I'm not sure any of this is helping the stock currently, but maybe it presents an opportunity tomorrow. It will be interesting to see what analysts say.

Stocktrader

stocktrader_1996 said...

Hi Saleem,

Sorry, misquoting their quarters. Move everything I said up one quarter due to their fiscal year ending in March.

So, change to: "They also commented that the Q2 huge above-guide is not a symptom of pull-forward giving them upside potential for Q3 also".

Stocktrader

Stocks100 said...


Hi Stocktrader,

Good luck with SWKS & QRVO.

Thanks for your take of QRVO & DATA earning call.

YES...sometimes next day by close, gives a better picture.

Saleem