Pam, cluka, Woody, I went back and did a little more effort on the tables for LRCX, WFR and the Group by adding closing prices for each earnings update. First to look at is LRCX.
At the bottom line, percentage wise, earnings have deteriorated much more than the stock price. The next table is for WFR.
Here the situation is reversed. The stock price is down much more than the earnings reduction(s) in percentage terms. Now to look at the Group table which is the overall action for the 20 stocks in the Group.
Percentage wise at the bottom line, the Group and LRCX are more closely aligned in that the earnings reductions are more than the stock price reductions. The last 6 Group prices in the last column correspond to the 6 week Group percent table posted this past weekend, ie, 1 down week, 1 up week, 3 down weeks and 1 up week.
Roughly speaking for the Group, earnings percentages are down a little more than the price decrease, 60/64 to 49 percent. For LRCX the numbers are 91/61 to 45 percent, and for WFR the numbers are 17/38 to 69 percent. |
