No. of Recommendations: 2
http://boards.fool.com/yepit-will-be-busy-2-weeks-some-of-th...

Well...we are half way though the 2 week earnings reports for several companies that we have followed here at the NPI.

What trends do we see happening in this early going??

As a general observation:

1) Very impressive earnings numbers with double digit YoY growth and often up guidance's.

2) Meager stock responses (other than ZEN).

This can be an indication of a near term market top IMO.....not a bear market.....but rather a breather that allows stock market caps to catch up a bit with expectations.

We will see what next week holds as well with the other stocks yet to report.....but it is hard to imagine what propels these stocks dramatically forward from these levels if the news of blowout earnings hadn't done that.

Here those upcoming stocks:

http://www.stockta.com/cgi-bin/analysis.pl?symb=TWLO&cob...

http://www.stockta.com/cgi-bin/analysis.pl?symb=WIX&cobr...

http://www.stockta.com/cgi-bin/analysis.pl?symb=SQ&cobra...

http://www.stockta.com/cgi-bin/analysis.pl?symb=NVDA&cob...

http://www.stockta.com/cgi-bin/analysis.pl?symb=TLND&cob...

http://www.stockta.com/cgi-bin/analysis.pl?symb=TTD&cobr...

Of these, from a pure technical perspective, WIX and TLND look the best to me going into earnings, followed by TTD.

TWLO broke down a but today and needs to stay above 28.30 before earnings.
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No. of Recommendations: 1
I bought more ANET after the report. Wow, is all I can really say.
They managed 50% growth in the face of their largest vertical stumbling a bit!

Don't know what the market will do with all of my companies, but when they are performing really well, I just don't seem to care of market perceptions. Sometimes I'm off base on this. But it allows me to invest easily over the long term.

Go Apple, go Arista...a nice day today.

Take care,
A.J.
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No. of Recommendations: 0
One thing I am seeing is that the big tech stock boom is based on solid earnings increases. I can not remember any time when the string of earnings increases( in many cases more sales than earnings) were so high for so long. Something "new" seems to be underway in the economy.

Next week more earnings reports, and if this week is any guide ,more falling prices on good news.
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No. of Recommendations: 1
Next week more earnings reports, and if this week is any guide ,more falling prices on good news.

And that's generally good news in and of itself. If the economy is bad, it is one thing. But if market sentiment is toying with prices of companies that are producing consistently solid earnings, that is really a good thing...even in this bull.

Take care,
A.J.
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No. of Recommendations: 2
Now that we are through the 2 week earning period, I do think we are seeing a topping action as suggested last week.

Most of these companies reported pretty good earnings.....big revenue growth, customer growth, etc.

Yet despite what has seemed like great reports....the stocks languished other than a handful....NVDA had a great bump today for sure.

IMO, we have to recognize, as Denny as suggested in another thread, that most of these stocks have already made great runs in the past 12 months......expectations have reached stratospheric levels and so, they are all vulnerable to swings to the downside......even with stellar earnings.

But the continued revenue growth and expanding TAM should allow continued stock appreciation once the valuations are more in line with expectations.

We have a few stocks that still report in the coming weeks like NTNX and VEEV but I would expect similar stock behavior barring some macroeconomic event that disrupts this trend.

We shall see......but IMO, I will not add new money to the market here until we have further clarity. The Tax Reform initiative could help a great deal but its peril may be a major negative to stock market......can the Repubs get off their hands for once and get this done???
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No. of Recommendations: 5
Duma,

I am going to Jim Cramer it here. I think VEEV is vulnerable if their growth rate does not accelerate. NTNX is vulnerable if they do not demonstrate leverage in their business model. Those are things that a tougher market will punish.

Surprisingly both ANET and NVDA thrived in this market. So the market is not just cutting everything down, but it is expecting much better fundamentals to support any kudos.

As we all know, this is just short term anyways and will be forgotten a few weeks from now. But those are my Cramer predictions.

Cramer is on record saying to wait until earnings to get back into NVDA. He is also on record that he is waiting for a pullback in NVDA to invest in it (the pull back that never came some $100 in share price later).

So take it for what it is worth.

Nutanix is in a business transformation period. They are moving from a data center management company to a build your own cloud data center product for the enterprise. So there is some risk here in this transformation. But Nutanix obviously has a large enough base of customers to make this happen.

VMWare still seems to be a formidable competitor. Better in some very important things, not quite as good in other very important things. The details of which I do not know, but this seems to be the case. Further, VMWare has a larger installed base of customers, and larger cloud partner with Amazon. Last I read, Amazon had more market share in the cloud than its next 4 competitors combined (that would be in order of size, MSFT, IBM, Google). Not sure if that statement is completely accurate, but it very would could be.

If Nutanix can demonstrate operating leverage, or can demonstrate gaining marketshare, then even in the present market it will do well.

I am quite happy where I am, but do have new money every month, so will consider Nutanix again as I get around to it (might not be until post-earnings). I just find it hard to move money out away from what I already own So far been a good strategy, but things change and I will stay on top of Nutanix to assess it from time to time.

Tinker
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Duma,

Take a look at iwm it is already rolling over.
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