|Day Low/High||12.24 / 12.81|
|52 Wk Low/High||12.90 / 50.30|
Alphabet's results last month pointed to several better plays than the search giant.
With three bullish divergences in trend and momentum, I want long exposure to this name.
With Trump backing off trade threats, Chinese names like 58.com are back in play.
There are the names I would look to play off the Google results rather than Google itself.
These names are showing bullish and bearish technical patterns over the past week.
Though many tech names still carry high multiples, there are now quite a few with reasonable valuations.
"My biggest concern about the market right now is the action in individual stocks. I've already discussed some pockets of strength in biotechnology, but I've been a net seller overall. I simply see too many things that look to be stalling. The actio...
I have cautioned in my Diary and in the Comments Section about the optical technology space for several years. The latest victim is Applied Optoelectronics -- down by -$8 or 23% -- and the company is caught in the middle of a product transition and ...
This trade makes money if AAOI finishes above $34.30 come five weeks from now.
For months I have been negative on the fundamentals of the optical space. After the close Applied Optoelectronics pre-announced to the downside -- in a meaningful way. I would expect Finisar , Lumentum ,Oclaro an the others to suffer in the time ah...
And I think it's gonna be a long long time 'Till touch down brings me round again to find I'm not the man they think I am at home Oh no no no I'm a rocket man Rocket man burning out his fuse up here alone - Elton John, Rocket Man "'The Brain' Was ...
* Applied Optoelectronics is a standout - +$8. This can happen with a stock that has 19 million shares outstanding (and a float of only 18 million shares) and when nearly 9 million shares are short. * Allergan has given up most of its +$7 gain. ...
"Mine eyes have seen the glory of the coming of the Lord: He is trampling out the vintage where the grapes of wrath are stored; He hath loosed the fateful lightning of His terrible swift sword: His truth is marching on." -- Battle Hymn of the Repu...
I stepped in to hedge off any downside potential on Applied Optoelectronics.
On the whole, tech stocks had a solid earnings season. But many richly-valued names sputtered despite releasing decent numbers.
The optical space has taken another leg down today (Applied Optoelectronics -$30, Lumentum Holdings -$4 and Oclaro -7%). I would continue to avoid this sector.
"That was the week that was... it's over, let it go." --Millicent Martin (with David Frost), "That Was the Week That Was" Yesterday the S&P 500 lost about five handles, putting the week back to flat. I suspect were it not for the Mueller grand jury ...
If you want a true measure of market health, you simply can't generalize based on just an index or two.
Meanwhile, at least the Russell 2000 ETF is consistent.
Optical player Applied Optoelectronics cuts its sales forecast. Shares are down by $23. As I have written, charts tell us where we have been and not where we are going.
A warning from MACOM Technology Solutions Holdings that China business is weak has adversely impacted the optical sector today. Oclaro , Applied Optoelectronics and Lumentum Holdings are down in sympathy.