Trading Tech: Apple, Citrix, Riverbed, Cree
Stocks that deserve your attention.
Riverbed (RVBD): This stock is acting well in an ugly tape today. I've been digesting all the Morgan Stanley (MS) news, so I haven't seen what's moving RVBD and it could be nothing except some value buying.
Cree Inc. (CREE): Sometimes this is an alternative energy play and sometimes a chip play. It's an LED play, which is just sort of a unique but lumpy growth market, though it's in other traditional semi-food-chain products. Anyway, merger rumors are heard once again. Time will tell, but the company is selling at a reasonably price and has a good balance sheet -- the low $20's would get me pretty excited here.
Solar: This sector is fighting the negative tech tape the last couple of days. Eventually the solars won't need spiking oil or a strong Naz to make another significant run.
Nasdaq OMX (NDAQ) and NYSE Euronext (NYX): Ditto yesterday's commentary. Market goes down and so do these. Both are cheap-cheap and new revenue streams are coming online. I've got a leg in both stocks now but giving them wide accumulation berths.
MF Global (MF): If I'm reading this right, MF is forecasting revenues under $400 million now versus expectations around $1.2 billion. Moody's is talking negative on it and MF is issuing paper. MF got into heat with a rogue trader type deal a while back, and the company has its own unique issues, but could this also be a sign that the strength in commodity volumes are eroding rapidly. Are commodity prices next?
Apple (AAPL): Mac sales are simply smoking. iPhone sales are not too shabby either.
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