Stocks To Watch: AMD, CMS Bancorp, EP Energy...

by: SA Stocks To Watch


SA contributors highlight stocks to watch for unusual movement, their bias (long/short), and brief comments.

Stocks are listed alphabetically by symbol. Click on the contributor's name to read more articles by that author.

Discuss today's stocks and ask contributors questions in the comments.

Track how today's Stocks To Watch are performing here. To send in your own ideas for tomorrow's Stocks To Watch, email 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.

CMS Bancorp (NASDAQ:CMSB) – long – Chris DeMuth Jr.

  • 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.

GoPro (NASDAQ:GPRO) - short - Bill Maurer

  • 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.

Plexus (NASDAQ:PLXS) - long - Bill Maurer

  • 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.

Sandisk (SNDK) - long - Bill Maurer

  • 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.