Illumina Inc (ILMN)

neg -0.70
Today's Range: 139.04 - 142.49 | ILMN Avg Daily Volume: 1,283,000
Last Update: 10/27/16 - 3:59 PM EDT
Volume: 1,086,387
YTD Performance: -27.09%
Open: $140.26
Previous Close: $139.95
52 Week Range: $127.10 - $223.24
Oustanding Shares: 146,600,000
Market Cap: 20,257,188,000
6-Month Chart
TheStreet Ratings Grade for ILMN
Buy Hold Sell
A+ A A- B+ B B- C+ C C- D+ D D- E+ E E- F
TheStreet Ratings is the source for accurate ratings that you can rely upon to make sound, informed financial decisions. Click here to find out about our methodology.
Analysts Ratings
Historical Rec Current 1 Mo. Ago 2 Mo. Ago 3 Mo. Ago
Strong Buy 5 4 4 4
Moderate Buy 0 0 0 1
Hold 8 10 10 9
Moderate Sell 0 0 0 0
Strong Sell 2 1 1 1
Mean Rec. 2.55 2.55 2.55 2.49
Latest Dividend: 0.00
Latest Dividend Yield: 0.00%
Dividend Ex-Date: 12/31/69
Price Earnings Ratio: 47.32
Price Earnings Comparisons:
ILMN Sector Avg. S&P 500
47.32 47.30 29.40
Price Performance History (%Change):
3 Mo 1 Yr 3 Y
-6.76% -5.22% 50.02%
Revenue 19.30 0.90 0.24
Net Income 29.40 2.00 0.44
EPS 30.80 1.60 0.37
Earnings for ILMN:
Revenue 2.22B
Average Earnings Estimates
Qtr (09/16) Qtr (12/16) FY (12/16) FY (12/17)
Average Estimate $0.87 $0.90 $3.34 $3.89
Number of Analysts 12 9 12 12
High Estimate $0.91 $1.06 $3.53 $4.08
Low Estimate $0.80 $0.73 $3.10 $3.58
Prior Year $0.80 $0.81 $3.32 $3.34
Growth Rate (Year over Year) 8.85% 11.39% 0.65% 16.28%
Chart Benchmark
Average Frequency Timeframe
Indicator Chart Scale  
Symbol Comparison Bollinger Bands
Technology stocks dominate the bearish ledger this week.
Do that if you like top ticking crowd favorites, but set a protective stop.
If Twitter puts up a dreadful quarter, shares will sell off again.

My Takeaways and Observations Real Money Pro($)

The U.S. dollar soared, something I highlighted very early in the morning as an important factor in my short-term negative view of the equity market. The price of crude oil fell by $0.56 to $50.79 after several days of strength. Gold was down $4.30 to $1,256 after a better start earlier in the day. I plan to add on weakness. I don't expect a December rate increase (see below) and more central bank lunacy and limited fiscal flexibility in a partisan Washington next year. Ag commodities: wheat up $0.03; corn up $0.02; soybeans down $0.01; and oats up 2 $0.02. Bonds rallied in yield but declined in price. The 10- and 30-year note and bond climbed by 3 basis points in yield. The 2s/10s spread (yield curve) rose to 90 basis points. Munis were sold and junk bonds weakened more considerably. Blackstone/GSO Strategic Credit Fund (BGB)  was down only $0.02. Banks held up fairly well under the circumstances as bond yields rose. I haven't pulled the trigger on short Financial Select Sector SPDR Fund (XLF) , but I am close as the yield curve remains flat. However insurance and brokerages got hit. Last week's short pickups in Metlife (MET) and Lincoln National (LNC) turned out well. Autos and energy lower. Retail was on sale. Warm weather hit the sector's earnings in the soon to be released quarter, but this is starting to be discounted as the turn in weather (colder) now could bode well for the important Christmas/holiday quarter. Biotech got schmeissed -- something I warned readers to expect (after Illumina (ILMN) issued lower guidance) in my "Takeaways" last night. Celgene (CELG) , Gilead Sciences (GILD) (everyone's very value biotech, I see it as a value trap; today it hit a year low) and Allergen (AGN) all much lower. Speculative biotech tanked. Trump's rogue actions today and Clinton's overwhelming strength in the polls may have also contributed to today's train wreck in biotech. Ag equipment stalled despite a Goldman Sachs (GS) upgrade. Old media lower, led by losses in IBM (IBM) and Intel (INTC) . Fertilizers not so crappy with gains in Monsanto (MON) and Potash Corporation of Saskatchewan (POT) . Media under assault again. All four components of (T)FANG were lower, but far less than the market' drop. Netflix (NFLX) , my only short, looks to be breaking down. In terms of individual stocks, Oaktree Financial (OAK) was a sap, but I added, as was JCP, which I also added to. In the latter retailer the colder weather is a plus but the third quarter will likely have been hit (along with other retailers) by the unseasonably warm weather. At $9 I expect the market might look through a disappointment. Unconfirmed rumors that Prince Alaweed might raise his position in Twitter buoyed the shares as did continued Salesforce (CRM) takeover chatter (albeit at a lower price). Here are some value-added contributions on our site. 1. Jim "El Capitan" Cramer clearly doesn't agree with my negativity in " Nowhere to Run, Nowhere to Hide." Jim sees the absence of new money as an integral factor today - while I have more fundamental issues that I raised in my opener, "The Market Outlook Worsen." 2
On days like this, the money just keeps sloshing around.
Shares of Illumina were tanking before the opening bell after unveiling a disappointing sales forecast.
Oct 11, 2016 | 7:40 AM EDT
ILMN was downgraded to Neutral, Citigroup said. $140 price target. Company has now missed expectations four of the past six quarters.
Back from my meetings to find the S&P 500 Index basically traded in a 2-3 point range over the last four hours, which is a statisti…
I have been a big bull on its technology, but I am sidelined right now.
Lots of energy names facing the potential for lower prices.

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