Predicting Tech Earnings Winners and Losers: Apple, Intel, and More (AAPL, INTC, EMC, VMW, QCOM, AMD, SNDK, CY, SWKS, FLEX)
Earnings season is getting underway in the tech sector. What should investors expect from these reports? What are the key storylines to follow and are these stocks likely to trade higher or lower in the wake of their results?
In NextInning.com’s earnings previews, available free to trial subscribers, key storylines are evaluated, analyst expectations are audited, and in depth valuation analyses are provided to develop fair value ranges for dozens of stocks.
Some of the stocks covered include:
Apple (AAPL) – “Due to its vast success, Apple is valued so highly today that its size limits its ability to grow going forward. As a result, Apple’s days of hyper-growth have come to an end, but that does not mean it is no longer a good investment. As I see it, Apple could in fact double or triple its loyal customer base over time, and with that double or triple its value. Yes, Apple could become the most valuable company in the world by far. However, even under the best circumstances, that will take time.” Can investors expect Apple stock to begin surging again soon, or is further growth still farther off?
Intel (INTC) – “Despite a recent run higher for Intel, a number of analysts continue to find reasons to doubt the tech giant’s long-term growth story. Next Inning believes that Wall Street is overlooking myriad growth drivers, or significantly overstating potential roadblocks to the industry stalwart’s opportunities both short and long term.” What major, positive trends are impacting Intel?
EMC (EMC) – “One of the challenges in modeling EMC’s value is trying to rationalize its ~82% ownership of VMware (VMW). Due to this, I think it’s best to break down EMC’s value in two ways. The first is a ‘deconstructed’ value model where we break out VMware, and the second is consolidated value model that keeps VMware wrapped inside EMC.” Are VMware investors better off owning EMC?
Qualcomm (QCOM) – “With the price of Qualcomm up now nearly 75% from its July 2010 low, we certainly can’t say Wall Street has failed to recognize the favorable turn of events at Qualcomm. However, as I see it, Wall Street is still worried the stock won’t break through resistance at $60.” Is Qualcomm set to move above $60 and surge higher?
Advanced Micro Devices (AMD) – “AMD is caught in the middle of a perfect storm and it’s headed into the wind. Not only can’t AMD resolve the long-standing CEO issue, its fab partner, GlobalFoundries, is going through the same problem. Complicating this, Wall Street is finally taking notice of Intel’s stellar performance. Next Inning believes that AMD can remain a reasonable speculative bet if it finds a CEO soon that Wall Street gives a stamp of approval.” How high could AMD go if it solves its CEO issue?
In its earnings previews for the week of July 18th, NextInning.com looks at several popular tech stocks set to report earnings, including Apple, Intel, EMC, Quallcomm, AMD, VMware, SanDisk (SNDK), Cypress Semiconductor (CY), Skyworks Solutions (SWKS), Flextronics International (FLEX) and more.
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