The Game Has Really Changed

 | Apr 24, 2013 | 6:18 PM EDT
  • Comment
  • Print Print
  • Print
Stock quotes in this article:

intc

,

msft

,

akam

,

qcom

,

brcm

,

aapl

Here's what's driving everyone crazy about tech: the radical inconsistency of it all.

Lets go over it. Worst tech quarter so far? Arguably Intel (INTC). One of the best performers of the earnings period? Intel. Most hated big-cap tech stock going into the quarter? Microsoft (MSFT). Biggest winner? Microsoft.

Most despised mid-sized tech company? Akamai (AKAM). Despite huge insider buying going into the quarter, all we heard was gross margin weakness. Instead it crushes the numbers.

Most loved semi stock going into the quarter? Qualcomm (QCOM). Biggest disappointment? Qualcomm. Semiconductor stock with the most skepticism? Broadcom (BRCM). Best semi numbers? Broadcom.

Biggest winner? Apple (AAPL), immediately up $30. Biggest loser? Apple, immediately after up $30, it's down $47.

I could go on and on.

My point is simple. This game has become, well, ungameable. It is simply ridiculous to try to figure out what's really good and what's really bad by relying on Wall Street research, anecdotal evidence of a pastiche of how customers and suppliers might be doing. It's producing terrible results. We all know it. We just don't want to admit it and if we do we are regarded as a buffoon.

Okay, I am a buffoon.

But I talk to enough people to know that so is everyone else.

Random musings: See you at Nova!

Columnist Conversations

View Chart »  View in New Window » View Chart » 
Hug declines in Advance Auto Parts (AAP) and Dick's Sporting Goods (DKS) made for great chances to buy stock a...
Pepsi is trading at new all time highs today. The stock is up 0.7% and is taking out major resistance near the...
FIBOCALL: AAP down 22% "FIBOCALL: AAP opens much lower today. We took a look way back to see where support ...

BEST IDEAS

REAL MONEY'S BEST IDEAS

News Breaks

Powered by

BROKERAGE PARTNERS

Except as otherwise indicated, quotes are delayed. Quotes delayed at least 20 minutes for all exchanges. Market Data provided by Interactive Data. Company fundamental data provided by Morningstar. Earnings and ratings provided by Zacks. Mutual fund data provided by Valueline. ETF data provided by Lipper. Powered and implemented by Interactive Data Managed Solutions.


TheStreet Ratings updates stock ratings daily. However, if no rating change occurs, the data on this page does not update. The data does update after 90 days if no rating change occurs within that time period.

IDC calculates the Market Cap for the basic symbol to include common shares only. Year-to-date mutual fund returns are calculated on a monthly basis by Value Line and posted mid-month.