Earnings to watch!
As you all know I am an avid fan of the technology sector so put SSYS & SCTY on your watch lists! Both companies are set to release their ER’s on Monday!
SSYS- We recently wrote about the outlook for 3D printing Click here . The EPS for SSYS is $.49 per share on $151 million in revenue. The expectations of SSYS are pretty low but nothing compared to DDD’s EPS ( .20). If SSYS pops I have a price target of $140 in addition I would look into VJET ( Voxeljet) or other stocks in the 3D sector mainly due to the fact that whenever DDD/SSYS do well the other stocks in the 3D printing sector blossom as well.
Solar City SCTY- The solar energy company released preliminary results on their sales for Q4 which beat expectations and pleased investors. The EPS for SCTY is $-.56 per share. Based on the option chain the public’s belief is that SCTY will beat earnings although I do believe that Tesla’s ER success had an enormous effect on SCTY. Below is a pretty lobsided option chain for SCTY. I stated in the past that I would get back into SCTY if it beats earnings, however I made that claim when the underlying price was at 75$ per share. If SCTY beats earnings I have a target of $93.46 ( technical analysis)
STOCKS TO STAY AWAY FROM
NAK got slammed late on Friday after news from the U.S. Environmental Protection Agency that the agency would begin looking into the potential impact of the company’s proposed Pebble Mine on the sockeye salmon fishery in Alaska’s Bristol Bay.
MDVN – The Bio-tech dropped more than 15% on friday after the company lowered guidance for 2014. MDVN’s revenue took a hit due to the lack of sales from their leading drug “Xandi”.
LONG TERM STOCKS WATCH
FNMA, If this stock hits 5$ within the near future watch out alot of hedge fund will be pouring money in.
VJET ( depending on SSYS’s ER) if SSYS beats earnings I will keep VJET if it does not I will be forced to sell.
PLUG- So Glad to see that Plug made the list of Top Performing Stocks
CMG- I have held Chipotle for quite some time now (498) I have a 580 target for the food Giant, if it gets up to the 580-600 range within the week I will most likely sell CMG so I can move my funds around.
PENNY STOCKS OF 3-3-14
KALO, FXIT ,SFPI ,GTSO, *TDEY if TDEY opens up hot I would pass if ask for TDEY tanks at open I would jump right in.
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Guys from now on I will do the market recaps along with the picks at night. School work is really picking up so its getting harder and harder to find time to post.
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