|Day Low/High||47.56 / 48.40|
|52 Wk Low/High||31.42 / 62.18|
Though many tech names still carry high multiples, there are now quite a few with reasonable valuations.
On the whole, tech stocks had a solid earnings season. But many richly-valued names sputtered despite releasing decent numbers.
The maker of integrated circuits is in a downtrend with few signs of a turnaround.
Though it's harder to find tech value plays now, they still exist.
Optical stocks are being taken to the woodshed today -- Oclaro -$0.86 (-10%), Lumentum -$2.15, MACOM Technology Solutions -$4.00, Acacia Communications -$3.00, Applied Optoelectronics -$2.00 and Fabrinet -$2.90. I recently wrote several columns ...
As I have expressed in both the Comments Section (see last week's negative second-quarter industry forecast by brokerage B Riley) and in my Diary, the volatile optical space appears to be facing poor short-term fundamentals. And takeover hopes see...
Some subscribers (discussed in the Comments Section) have expressed interest or are involved in the optical space. I am hearing some vague Chinese concerns. Oclaro , Finisar ,Acacia Communications and Lumentum Holdings are all under pressure tod...
Oclaro , the object of discussion in my Diary recently, continues to trade up with all its collaterals/competitors after the recent conference, which indicated that business fundamentals are on solid footing. As I previously mentioned, Finisar has ...
Though Finisar and a couple of other component vendors have offered disappointing outlooks, strong demand from cloud giants should continue propping up the industry.
If there is more adoption of social advertising, the biggest winner would be Twitter, not Snap.
Unusual volume can be a major signal that hedge funds and momentum traders are piling into a stock ahead of a catalyst
Find a strong sector, then look for attractive stocks within it.
That may be what traders have done in anticipation of tomorrow's inauguration.
Trump has specifically targeted individual companies with recent tweets.
I think ACIA's share price can reach $100 by summer.
The push lower in ACIA this morning sets us up for a bearish trigger.
Optiv and Presidio are being taken public by PE firms that appear hungry to profit from a strong tech IPO environment, but investors might want to tread cautiously.
Shares of Acacia Communications may have cooled off slightly, but demand for its connectivity products remains red hot, says the company's CEO Raj Shanmugaraj.
My biggest concern is that individual stock picking has become extremely difficult.
A string of downbeat earnings reports suggests weak telecom capital spending will take a toll on many companies. That includes some optical component high-flyers.
This is what we need to stop treading water and move this market to a tradable low.
Even good news flow isn't creating enough buying to produce a decent trend.
I remain woefully underinvested, but what I do have is working.
I am focusing on stock picking, as the indices are still stuck in a trade range.