Heinz:
Here are a few ideas for the next few days. Keep in mind that I am usually too "early". (g)
Over the next few days, we are going to receive a boatload of numbers. Tonight, of interest to me are AMCC (E-$0.14), Hand (E-$0.15), INTC (E-$0.37), JNPR (E-$0.18), NVLS (E-$0.70), ROK (E-$0.68).
Tomorrow, we get AMD (E-$0.55), APH (E-$0.74), BA (E-$0.91), CMB, CTXS (E-$0.15), EK (E-$0.68), EIX (E-$0.36), FRE (E-$0.88), GE, IBM ($1.46), JPM (E-$2.34), HDD (E-$0.11), SCNT (E-$0.16), XLNX (E-$0.32).
In general terms, I expect the techs to (a) miss expectations and (b) provide lousy guidance. That being the case, I will maintain or acquire short/put exposure going into those numbers. My interest in the financials is strictly to see whether the strains and stresses are starting to show through yet (I expect not).
If the numbers and guidance are as I expect, then it will be interesting to see if the markets respond to them or merely shrug. My guess is that we get some downside activity, but who knows for sure.
Best, Earlie |
