The guys I looked at today were: AOL, MSFT, EMC, ARBA, BRCM, & CHKP.
Everybody beat their numbers easily.
Just heard the AOL CC and the guy was extremely bullish. They went out of their way to pound the "advertisers are dead" myth in the ground. They really burned that myth at the stake. Very convincing numbers and arguments. Should help YHOO, ATHM, etc.
I generally find that super tuesday (yesterday) in each earnings month is a big sell off. Nobody wants to be holding the stock that gets wacked by 50% in a heartbeat. The day after that (today) is also a sell. The reason is that people are trying to get a handle on the CC from all the major players. We have 75% of the picture now:
Some iffy feeling for semis that fear more fabs coming on line (DRAM guys, etc).
Strong Q4 for broadband semis and fiber guys.
Probably a B+ Christmas - good for the major BtoC, BtoB, software and box guys.
Good Q4 for top level storage guys (EMC).
Greatest possible enemy: Feds are stupid enough to raise rates again (not likely). No oil (Saudis just said, again, that they will bring down pirce one way or another).
Big good yet to happen: Tons of investors enter the market each year in Mid to late October and stay until mid to late March. Lots of money there waiting to come in. The money usually goes to the best growth companies. |
