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Technology Stocks : Semi Equipment Analysis

SOXX 306.14

+0.4%

4:00 PM EST

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To: 2MAR$ who wrote (52278)	6/2/2011 5:51:27 PM
From: Donald Wennerstrom	1 Recommendation Read Replies (3) of 95632

Looking at your graphics it says that WFR may be in a position to bounce. Today was a little out of the ordinary for WFR as well with 2 periods of high volume buying, one around 2:00 pm and the other going into the close while the major indices were "dying" including the SOX. This meant that WFR led the SOXM to the upside today with a 1.8 percent gain. However, whether the longer term downtrend is over or not could be a tossup. Followers of the stock know that earnings reports for the past 6 quarters in a row have not met expectations. While the analysts think that this situation is going to improve going forward, the "market" is not convinced. This has led to WRF sporting a PE of 7 and a PEG of 0.47, the best numbers in the SOXM as of last Friday's close. At the same time, the 12 month consensus price target is 14.39, and the close price Friday was 10.12, 70 percent below target which is also the lowest percentage in the SOXM universe. Message 27404179 Credit Suisse has an outperform rating on the stock and S&P has a market perform rating. In about 4 weeks the June(2nd quarter) will be over for WFR. I am guessing obviously, but until WFR reports earnings results around the end of July, proving that it can meet the quarterly estimate now at 0.11(and better would be very good), the price gain will not be much from where it is now. "IF" WFR can prove itself in their July quarterly report and have a positive outlook for the remainder of the year, it should really "take off". JMO.

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