Friday, September 3, 2010

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Archive for the ‘Semis’ Category

Canadian Solar Posts Q2 Increase

Posted by admin On September - 3 - 2010

One of the world`s largest solar companies, Canadian Solar (CSIQ), has increased its second quarter profits by 113.3% from the prior quarter, posting net income of $3.2 million, or $0.07 per diluted share, for the three months ending June 30 2010, versus profits of $1.5 million, or $0.03 per diluted share in the first quarter of this year, as demand and pricing in the solar industry continue to be strong.

Net revenues decreased slightly from the last quarter to $328.7 million, compared to $336.9 million, but went up by 187.8% on the prior-year quarter from net revenues of $114.2 million. Gross margin was 13.6% for the second quarter, versus 12.4% in Q1 2010, due to a boost in internal capacity.

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shlomi cohenShlomi Cohen submits:

Intel (INTC) is an untiring buyer, and announced yet another deal this week, this time buying the wireless processor business of Infineon (IFNNY.PK).

Intel will be short revenue of around $600 million, 5% of its current quarter’s revenue, in order to meet its optimistic guidance which it gave in July, and apparently this will not happen.

It is clear that nearly all the sales that Intel is missing have moved in recent weeks from laptops and netbooks based on Intel processors to the tablet computers like Apple’s (AAPL) iPad, which have been grabbed by buyers like fresh bread. As is known, Intel is not in those iPads, and like many others was surprised by their strong success, and especially their cannibalism of the mobile computer sector, which Intel leads, along with its smaller competitor AMD.

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Is Cisco a Bargain at These Levels?

Posted by admin On September - 1 - 2010

Julian Marchesesubmits:

Since Cisco’s (CSCO) poor earnings back at the beginning of August, their stock price has lost almost 20% of its value. This is much worse than the overall technology index and stock market.

There is a saying, and I believe it’s true, that you should buy when others are fearful, and sell when others are greedy. An example of this theory was the tech bubble. At the height of the Nasdaq, we were receiving articles and reports saying tech stocks are going to a million. When you see extreme euphoria, it’s time to sell, and you can see the Nasdaq lost 80% since then. CSCO looks like a prime example of this theory.

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Finding Support on Intel

Posted by admin On August - 31 - 2010

optionMONSTER submits:

By Bryan McCormick

There are times in markets where price patterns, statistical properties, volume and sentiment present clear signals. Then there are times such as now, which offers more noise than signal. On an individual-stock basis, the daily grinding action has eroded the value of many traditional analytical methods.

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AMD: Can it Navigate a Consumer Slowdown?

Posted by admin On August - 31 - 2010

larry dignanLarry Dignan (ZDNet) submits:

Advanced Micro Devices (AMD) has had a solid first half of the year, but there are worries about the rest of 2010 because the chipmaker is dependent on consumer demand.

AMD has had a few interesting developments of late and most of them are promising:

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Tech Stocks In Focus: Intel, 3Par

Posted by admin On August - 30 - 2010

roger nusbaumRoger Nusbaum submits:

A couple of observations about a couple of individual stocks.

The first stock to mention is Intel (INTC). It made news last week for a revenue warning and it made news a few days ago for its intention to buy McAfee (MFE). The idea behind the takeover, as I understand it, is to embed security directly into the chip. The stock has long been a titan in the tech world at least in stature even if not performance for the last ten years. Prior to the last decade it generally was a very good performer as the world began to adopt, and upgrade, personal computers with Intel chips.

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New Round of Ceva Insider Sales

Posted by admin On August - 30 - 2010

Rob Morrison submits:

I see that in August there was new unloading by Ceva’s (CEVA) three top executives and outside directors Zvi Limon and Eliyahu Ayalon, continuing a pattern of insider selling by executives and directors over the course of 2010. It’s all something of a mystery to me. Back in March of this year, for example, Issachar Ohana, EVP Sales, was dumping shares like there was no tomorrow and one had to figure that there could hardly be a better indicator of weaker sales ahead. Then Q1 and Q2 results came out and they were terrific and Ceva raised its revenue and earnings guidance for the rest of the year. Beyond 2010 the company is projecting earnings within a few years at roughly double the current level. Conventional wisdom would say trust their actions (the selling) more than their words (the projecting) but my gut tells me that the company is being sincere and the business is going very well.

But then why the selling? I can think of a few possible explanations.

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Intel Cuts Outlook on Weak PC Demand

Posted by admin On August - 29 - 2010

larry dignanLarry Dignan (ZDNet) submits:

Just weeks after an upbeat assessment about its prospects, chip giant Intel (INTC) cut its revenue outlook for the third quarter based on weak demand for consumer PCs.

The company said in a statement that third quarter revenue will be $11 billion, give or take $200 million. That’s down from a previous outlook of $11.2 billion and $12 billion.

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Intel Earnings: The Only News That Mattered

Posted by admin On August - 28 - 2010

The Pragmatic Capitalist submits:

Bernanke is out of bullets. Anyone who can’t see that by now is not familiar with the Japanese history of QE or the most recent impacts of QE (Ben clearly didn’t save the economy with QE1 or we wouldn’t even be having this discussion). He says he will cut interest on reserves or alter the language in his speeches – total non-events in my opinion. They might get the market all excited for a few hours, but soon people will realize that none of these actions will actually fix the recession on Main Street.

Aside from all the jawboning out of the Fed, there was some actual market moving news Friday. Intel cut its Q3 earnings. According to the AP:

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Intel Confirms Market’s Pessimism

Posted by admin On August - 27 - 2010

Dr. Duru submits:

We finally got the news on Intel (INTC) that the market appears to have long anticipated. This morning, Intel lowered revenue and margin guidance. Revenue guidance is now “…$11.0 billion, plus or minus $200 million, compared to the previous expectation of between $11.2 and $12.0 billion.” Margin guidance is “…now 66 percent, plus or minus a point, lower than the previous expectation of 67 percent, plus or minus a couple of points.”

INTC explains the market is weaker than expected:

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