Lots of stuff was up with the losers down modestly, except maybe CVI and IDCC. My WPRT calls nudged up with the stock rising 11.3%. EXM, CIEN, ATHN, CMI, and GTLS stand out too.
Trades:
This morning I'm looking at some of my stocks, SPRD, CPX, PTEN, FHN, ROSE, LVS, MCP and I'm seeing earnings estimate being revised upward, not downward, and sales estimates that exceed the MRQ and show substantial growth from a year ago. Then I see so many that were recovering then got knocked down again. But not to where they were, but down to a trendline along the bottoms that looked like it could actually be rising. That in my opinion is not the time to sell, but the time to buy. At the risk of throwing good money after bad ...
I bought call options on MCP and CPX for two accounts.
Reversal alerts: (37), but most get filtered out very quickly.
Honestly, the only one of interest to me is VRTS which I already own. Sales growth has accelerated for the last four quarters from 17.1% to 40.5% though sales are estimated to level off. YoY quarterly earnings growth has been in the high triple digits (512.5% MRQ) but is estimated to fall to 128.2% and 138.8% for the next two quarters, but still significantly higher sequentally. The P/E will drop from 35.4 to 19.6.
| EPS Growth | |||
|---|---|---|---|
| Prev Yr | Past Yr | Growth | P/E |
| -0.14 | 0.39 | 378.6% | - |
| 0.09 | 0.49 | 444.4% | - |
| 0.03 | 0.48 | - | - |
| -0.08 | 0.33 | 512.5% | 35.4 |
| Next Two Quarters (est) | |||
| 0.39 | 0.89 | 128.2% | 26.35 |
| 0.49 | 1.17 | 138.8% | 19.55 |
| Sales Growth | ||
|---|---|---|
| Prev Yr | Last Yr | Growth |
| 30.4 | 35.6 | 17.1% |
| 33.3 | 40.7 | 22.2% |
| 33.4 | 44.1 | 32.0% |
| 34.8 | 48.9 | 40.5% |
No comments:
Post a Comment