Earning, Earnings and More Earnings!
MSFT announced their earnings yesterday morning. It was weird as their earnings went out a bit early. The stock popped quickly (and for a very short period). I know my company would have a cow if that happened. They beat expectations (Microsoft Beats The Street, But Not By Enough To Send Stock Soaring). The stock is up slightly this morning in Europe, so I guess they were about what people expected. Better than Amazon can say I suspect.
SNDK also announced earnings. Right away (SanDisk Announces Fourth Quarter & Full Year 2010 Financial Results) when I eye-balled them I knew the street would not be happy. Because even though sales were up, profit was down. Lower margins is never a way to make Wall Street happy. I am ALWAYS wrong about tech companies, but I like what I hear about SNDK and their products (Oracle Foretells Huge Growth for Mellanox; Sandisk's Strong Status). So I will hold if they drop a bit today with no worries.
My portfolio played a lot of catch-up yesterday, rising about 2%. Largely driven by CCME based on this article (CCME: The Biggest Short Squeeze of 2011). It is not an unexciting company. I will say, of all the stocks I have owned in my entire investing time, CCME is now #2 of the companies I have made the most $ on.