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Strategies & Market Trends : Market Gems:Stocks w/Strong Earnings and High Tech. Rank

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To: Ming Z Chen who wrote (4824)1/18/1998 4:14:00 PM
From: Jenna  Read Replies (1) of 120523
 
QMDC..had a fantastic third quarter. Revenues Increased 109.4% Over Last Year's Comparable Quarter. Last quarter they earned 23 cents a share and now the projection is for a medium of 16 cents a share, which is lower than last quarter. But all they really have to beat is the $0.6 they earned LAST YEAR 4th quarter. It looks like they are projected to do just that. . That means QMDC will have a Year Ago EPS Current vs. Year Ago Change of 150% QMDC has very nice fundamental outlook and a very bright NEXT quarter is projected with 115% growth for the quarter. My guess is that this growth projected forward will affect the stock and its movement.. This could be a very good one.. and good as an intermediate hold as well.

QMDC seems to make it a habit of beating their quarters quite soundly. Another note is that insiders are not buying QMDC but, again, that is just something to consider.

SOME TECHNICAL CONSIDERATIONS:
QMDC has been on a pretty steady downcurve since tuesday and their relative performance has not been too good although he had a wilder breakout on Friday. Price as % of High & Low (5 day avg).. is rather low as well. It's 18 week relative performance has been excellent leading me to expect that since we are close to earnings again the same thing could happen. This can be good though because it will cause analysts to UPGRADE the stock if it beats earnings, since it is already in a downtrend.
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