Thursday, November 05, 2015
Earnings Continue To Stream In
Busy stretch in stock news. QCOM reported last night (Qualcomm Earnings Release Available on Company's Investor Relations Website), pretty clear it wasn't good as they're trading down $3 to $4 this morning. It seems that their outlook is the issue. They are my #3 holding, so that is a damper on the day.
VEC also reported last night (Vectrus Posts Strong Third Quarter 2015 Financial Results). This is a stock that is not able to get any traction. I bought them for my February tranche and they're down almost 10%. I thought the earnings and guidance were solid, this continues to be a stock that seems like a pretty good value,
LCI reported last night (Lannett Reports Solid Fiscal 2016 First Quarter Results). Thankfully I had sold all my shares the day before - they're trading down 15%. As I don't own them, I didn't spend a ton of time looking through the release, but my takeaway was that they had increased revenues, but bottom line was actually down as they're expenses seem to be ballooning.
RGR reported yesterday morning (Sturm, Ruger & Company, Inc. Reports Third Quarter Fully Diluted Earnings of 62¢ Per Share and Declares Dividend of 25¢ Per Share). It was a whiff as earnings missed and they sold off.
I think later today TPUB, PSDV and REXI will announce. All in all this quarter has been ok for me:
Good: FLR, HSII, KING, NHTC, ONE, PERI, SALE, TSRA, UIS, VDSI, KORS, MSFT and VEC (?)
Bad: AMAG, GNW, IQNT, PPC, QCOM, RGR
This list really shows how it is difficult to get it right and you just want more pops than drops.
Posted by Marsh_Gerda at 8:34 AM