Seeking Alpha

Momentum stocks tumble ahead of earnings season

  • Echoes of April: Following a big May/June rally that propelled the Nasdaq to new post-Dot.com bubble highs, momentum stocks are nosediving nearly across the board today.
  • The selloff comes ahead of Alcoa's afternoon Q2 report, the unofficial start of earnings season. Some of the cash going out of equities is flowing into Treasurys.
  • Notable 6%+ decliners: TWTR -7.6%. DDD -6.5%. SSYS -7.9%. P -7.7%. LNKD -7.1%. DATA -10.1%. SPLK -9.3%. WDAY -7.7%. YELP -8.3%. GOGO -6.5%. YOKU -6.6%. ZU -10.5%. NOW -6.8%.
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Comments (10)
  • manicdvln
    , contributor
    Comments (798) | Send Message
     
    Just remember, Pandora was an 8$ stock before QE.
    8 Jul, 01:04 PM Reply Like
  • Andreas Hopf
    , contributor
    Comments (8803) | Send Message
     
    That, if the decline can be sustained for a couple of weeks or months, is a good thing to then pick out the quality companies from the pump & hype vehicles for a far more realistic valuation.
    8 Jul, 02:09 PM Reply Like
  • Simon View
    , contributor
    Comments (26) | Send Message
     
    Knee jerk reaction. Follow the fundamentals of greatest losers during the next 2 weeks, and, unless value/growth analysis indicates otherwise, best time to buy for the longer term.
    8 Jul, 02:55 PM Reply Like
  • djkidm
    , contributor
    Comments (413) | Send Message
     
    Seems to be a pre-earnings season sell-off the last few quarters, and those have been buying opportunities in the past....

     

    But maybe this time will be different? Like a summer of swimming with sharks?
    8 Jul, 03:02 PM Reply Like
  • riskrunner
    , contributor
    Comments (274) | Send Message
     
    Just Yesterday
    I cautioned those (like myself)
    who r extremely Positive
    on DDD and SSYS that
    DDD could revisit 52
    and
    SSYS 95
    8 Jul, 03:34 PM Reply Like
  • Fanebrb
    , contributor
    Comments (565) | Send Message
     
    >>> riskyruner... could, wood, should, maybe. Did I miss any?
    8 Jul, 04:58 PM Reply Like
  • nap.jerry
    , contributor
    Comments (61) | Send Message
     
    None of these companies have changed drastically since yesterday. Time to build positions!
    8 Jul, 11:08 PM Reply Like
  • Andreas Hopf
    , contributor
    Comments (8803) | Send Message
     
    That's exactly the point. They have not drastically changed. Which is why they are still massively overvalued.
    9 Jul, 01:24 AM Reply Like
  • Robert Duval
    , contributor
    Comments (4413) | Send Message
     
    You first.
    9 Jul, 08:20 AM Reply Like
  • Flanker100
    , contributor
    Comments (8) | Send Message
     
    I saw that Pyrogenesis (OTC:PYRNF), just signed a 12.5 million dollar contract to deliver 10 metal powder furnace systems to a 3d printer company. They didn't release the customers name, but I think it is Arcam. Pyrogenesis built the furnaces for A&P powdered metals. A company that Arcam just recently bought. Then again, could it be for 3D Systems. They didn't release the name of the company for competition reasons.
    9 Jul, 09:15 PM Reply Like
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