F4Q09 (Qtr End 10/03/09) Earnings Call

November 4, 2009 5:00 pm ET

In this post is a list of 24 stocks, which have broken out to the upside on big volume. The stocks listed in this post have experienced very unusual volume. I believe stocks which have broken out like this are at least worth adding to the watch list. However I must say the technicals on these stocks are not as bullish as they've been in the previous weeks, which may be a hint that a short term correction is near. If the market continues to rally however, these stocks should continue demonstrate strength in my opinion.

As stated at the bottom of this post, I've picked two stocks from the list which I may be speculating with in the weeks to come. A month ago I chose to speculate with STEC Inc. (STEC) using call options. The results from the trade can be read here. A couple weeks ago, I chose to speculate with a stock LaserCard (LCRD). The results from that trade can be read here.

COMPETITORS: STABILIZING.

On Friday, Reuters reported short interest on the Nasdaq rose 4.1% in mid-July, reflecting an increase in bearish sentiment in the stock market.

Below are data and charts for the five Nasdaq stocks that experienced the largest increases and decreases in their short positions in the first half of July. Also included are data and a chart for the five largest NASDAQ short positions as of July 15, 2009.

F3Q09 (Qtr End 06/27/09) Earnings Call

July 22, 2009 5:00 pm ET

F2Q09 (Qtr End 3/28/09) Earnings Call

April 22, 2009 5:00 pm ET

According to Insider Data, these are the largest CEO buys during the past week: Seagate Technology (STX), Blyth Inc. (BTH), MBIA Inc. (MBI), SanminaSCI Corp. (SANM), and Community Bank System Inc. (CBU)

Q1 2009 Earnings Call

January 21, 20095:00 pm ET

Nokia (NOK) this morning said out loud what everyone in the mobile phone business kind of knew already: demand in 2009 is going to be down from 2008. This is an industry that had become accustomed to seeing unit growth in the 10% plus range; to see the industry’s most important player forecast a down year is a shocker, even if you suspected that something like this was inevitable.

Nokia’s warning is weighing heavily on a variety of players in industry: other phone companies; wireless carriers; chip makers; and even contract manufacturers. Here’s a look at the damage:

Q3 2008 Earnings Call

October 29, 2008 5:00 pm ET

Citigroup’s Craig Ellis, who a month ago made wholesale estimate cuts for the semiconductor stocks he covers, Monday brought numbers down yet again.

“In the past three weeks, snowballing signs of product sales softness, freshly eroding macro indicators and dour field checks portend even greater near-term downside and a shallower mid-’09 recovery than our estimates reflect,” he wrote Monday morning. Ellis says he concluded that further estimate cuts and target reductions were needed.

In my last Sanmina (SANM) article on July 15th, the share price was around $1.10 and then moved to a high of $2.66, which proved to be considerably more than the 50% move I predicted. At the time of my article, SANM had $1.63 cash per share. It now has $1.84 per share. Over the same time period, the book value is up to $2.24 from $2.18.

I have been eying Sanmina-SCI Corporation (SANM) since it popped up on the list the first time. It had a beaten-down share price whose recent rally generated the TradeRadar BUY signal. Apparently, many other investors are also taking notice and buying with enthusiasm. It has attracted the attention of Barron's Tech Trader Daily blog. Writer Eric Savitz had the following to say (I include the entire post as it is rather brief):

There sure are a lot of people piling into Sanmina-SCI (SANM) shares. But there’s still no obvious reason for the move.

The book value of a stock, in simple terms, is what a shareholder would get per share if all the assets of the company ere sold of, all the debts paid off, and the remaining cash distributed among all the shareholders. The ratio that is used is the Price to Book ratio. The lower the number, the better. It means that you are buying the companies net assets at a lower price. If the Price to Book is below 1, it means that the shares are selling for less than the the net worth of the company.

Here are some stocks with a Price to Book below one and market caps over $500 million:

F3Q08 Earnings Call

July 23, 2008 8:00 pm ET

Sanmina-SCI (SANM) is one of the most undervalued stocks trading on the NASDAQ market. Currently trading at under 8 times earnings, a consensus 2008-2009 YOY earnings growth of 53%, and a PEG ratio of approximately one third the industry average, SANM is a steal at this level.

Sanmina-SCI has partnered with Lockheed Martin (LMT) to bid on a $3.5B  contract to build the Army's next-generation intercom system. Sanmina already provides communications systems for Army helicopters and Marines fighting in Iraq, and the Sanmina/Lockheed team has a 90% Chance of winning the contract. The Army has not said when it will announce the award, but it had been expected in June, per the Huntsville Times. I believe that the contract is due any day, and will likely be announced prior to Sanmina's earnings call next week.

F2Q08 Earnings Call

April 23, 2008 5:00 pm ET

F1Q08 Earnings Call

January 23, 2008 06:00 pm

If you think that the tech sector is a haven from the tribulations in the debt market, I have some troubling news for you.

Essentially, there are three ways that the debt crisis could directly bite the tech sector.

Q4 2007 Earnings Call

October 30, 2007 5:00 pm ET