A few stocks to watch (or own, or use as part of an option strategy)
We have all seen, INTC, and MSFT, and APPL, trounce expectations and get a share price boost. (ex MSFT which reported only Thursday.
But the big winners from these earnings will be:
Western Digital and Seagate. (more computers means more hard drives)
Remember that few days prior to Seagate reporting big earnings some analyst downgraded Seagate because it was his opinion that inventories were building? He was dead wrong. Seagate said that inventories were tight and will remain so for the rest of this year.
Micron..MU more tech toys need bigger memory. I would also include Sandisk (SNDK) as a stock or option buy.
If Apple is a big winner then Triquent Semi. (TQNT)is the stock to own as they are a big supplier to Apple's computers and phones.
I own all this stuff so I could be biased. Where I own options on these stocks they are for July expiration. I figure there will be some kind of rally going into July earnings.
This is not a very scientific analysis and there are no links to substantiate my biases, so do some of your own analysis.
For July option expiration... I own, INTC, MU, AMD, STX, and AMD. And just for the heck of it I bought some PFE and NVDA options to diversify the risk. All options are at the money, so I don't need any big rally to become profitable. |
