- SA contributors highlight stocks to watch for unusual movement, their bias (long/short), and brief comments.
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Track how today's Stocks To Watch are performing here. To send in your own ideas for tomorrow's Stocks To Watch, email firstname.lastname@example.org before 6:00 AM ET Friday.
Advanced Micro Devices (NASDAQ:AMD) – long – Ayush Singh (no position or plans)
- AMD is reporting releasing its Q2 earnings. Analysts expect AMD to report EPS of $0.03 on revenue of $1.44 billion.
- Following Intel’s earnings beat and upbeat Q3 and full year guidance, investors expect AMD to surpass estimates.
- AMD’s stock witnessed a huge uptick after the company beat the consensus estimate in Q1 and the same may happen again.
- CMSB is safe, cheap, and owed $1 million that is not yet in its book value
- Once it receives $1 million in an ongoing legal proceeding, BV will = > $12
- It will be on the market as a clean bank with numerous bidders
EP Energy (NYSE:EPE) - short - Don Dion
- Wednesday, July 16 marks the conclusion of the 180 day lockup period of EPE.
- At that time, major pre-IPO shareholders, including private equity and energy firms, as well as EPE’s executives and directors, may dump some of their outstanding shares.
- With strong pre-IPO shareholders, with the power to dump 208.7 million shares into the market, a temporary short opportunity is possible for aggressive investors. Further details here.
First Republic Bank (NYSE:FRC) – long – Jordan Flannery (no position)
- Shares of First Republic Bank fell by 15.1% yesterday as investors were disappointed by the bank’s first quarter results.
- Investors are becomingly increasingly concerned about the potential costs of growth as the bank moves into a higher tier as the company may soon reach the $50 billion asset mark.
- Look for shares of First Republic Bank to gain back some of yesterday's losses in today’s trading session.
- Despite positive analyst note, shares could not hold their gains.
- Stock fell late and closed near day's low.
- If shares fall below $40 again, they could try to retest recent $36.10 low.
Las Vegas Sands (NYSE:LVS) - short - Bill Maurer
- Company missed Q2 revenue and earnings estimates.
- Sands China casino revenue fell short of expectations.
- Weak VIP gambling in Macau hurt results.
NetScout (NASDAQ:NTCT) - long - Don Dion
- NetScout (NTCT) reports earnings Thursday, July 17th, before market.
- Historically, NTCT has gapped up on positive earnings for 11 quarters, consistently.
- NTCT will likely again release positive results and move up over the day.
- Company beat Q3 revenue estimates and adjusted EPS beat as well.
- Q4 revenue guidance was well ahead of estimates, EPS guidance strong too.
- Strong report could send shares to new multi-year high.
- Company beat on top and bottom line. Dividend was also raised by 33.33%.
- Shares fell due to gross margin drop and weak Q3 guidance.
- Plunge in shares seems to be an overreaction, and a nice pullback to take advantage of.
Skyworks Solutions (NASDAQ:SWKS) – long – Ayush Singh (no position or plans)
- Skyworks Solutions is reporting its Q3 FY2014 earnings. The company is expected to see double-digit growth yet again; analyst consensus is EPS of $0.80 and revenue of $570.37 million.
- The stock has appreciated almost 75% YTD, primarily driven by earnings beat in the first and second quarter of FY 2014. The company has gained traction from the premium and mid-range smartphone market and should beat estimates once again.
- Also, Oppenheimer expects Skyworks’ guidance to beat analysts’ estimates. The stock should grow considerably if the company manages to beat estimates.