Well, let's start this week with the 13 week rolling quarter for the SOXM stocks and major indices in terms of percent change.
In many ways, this is becoming my favorite table. Every week it has many fascinating stories to tell, some of which I marvel at. I am getting to the point where I have to finish this table first because I can't wait to see the results.
Lets look at some of the numbers, there are so many, but let me hit some of the highlights starting with the right side of the table. Would you believe that SUNE was up 11% this week and now leads the table in gain for the 13 weeks of 37.4% easily outdistancing the 2nd place ALTR? This after SUNE had by far the worst quarterly earnings report this week of all 21 stocks in the SOXM universe that report on a CY/FY basis.
S&P CAPITAL IQ MAINTAINS STRONG BUY RECOMMENDATION ON SHARES OF SUNEDISON INC.
We up our 12-month target price to $34 from $28, on price-to-sales near U.S. peers.
We widen our '15 loss per share estimate to $2.09 from $1.26 and '16's to $2.02 loss from $1.00 loss.
The lower estimates reflect greater project retention given its Yieldco strategy.
SUNE posts Q1 loss per share of $0.72 vs. $0.25 loss, wider than our $0.41 loss view.
We positively view SUNE's Form S-1 filing of its emerging market Yieldco (TerraForm Global) and acquisition of 7 renewable portfolios (757 megawatts total).
We think growth prospects are robust and note a rising backlog/pipeline.
Then we had the market on a wild upswing to day to almost save the bottom line from being in the red, but it did finish down -0.3% for the week 5/8/15.
Then we can look at the color blocks for the week in the small table at the right bottom of the page. The "greens" decreased while the yellow and red increased. There are a total of 17 green blocks and 19 yellow and red blocks. Looking at last weeks bottom line compared to this week, it dropped from 42.2 to 24.8.
KLIC bit the dust this week with a loss of 13.5 percent based on what was considered a less than desireable Quarterly earnings report.
Kulicke & Soffa misses by $0.02, beats on revs; guides Q3 revs below consensus
5/5/15 | Briefing.com Reports Q2 (Mar) earnings of $0.10 per share, $0.02 worse than the Capital IQ Consensus Estimate of $0.12; revenues rose 27.0% year/year to $145 mln vs the $142.5 mln consensus.
Co issues downside guidance for Q3, sees Q3 revs of $160-170 mln vs. $200.83 mln Capital IQ Consensus Estimate.
Looking at the updated small table at the bottom showing MU and SNDK since 4 July 2014, MU went from -14.1% last week to - 19.4% this week. SNDK went from -35.9% last week to - 36.6% last week.
Unlike SUNE you know, MU and SNDK are making money with rising estimates for the out years. That is why you need to sell those stocks and buy SUNE. Plan for the future which may come in 2 years, maybe. LOL
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