Ones To Watch: Google, Citrix, SunPower
Some up, some down, all with potential.
DUG: I've been out of DUG but am feeling a setup is brewing again. However, I would like it better if it was a directly inverse to the actual price of oil.
Rambus (RMBS): All I can say is I've been buying this stock on pullbacks for years and I'm with Pete Najarian currently. I too noted the option pressure and stock action of the last two days.
SunPower (SPWR): The solar company is holding yesterday's impressive gains and it has an alternate energy conference later this week. A weekly close over $85 puts it in full bull mode again.
In Other News
Infinera (INFN) had a nasty surprise here as the stock was approaching another breakout level. I had trimmed this position into strength of late, however I would have bought the next breakout. So at least the news came before that happened.
INFN tried to put lipstick on the pig here with new contract talk, but lowering the full year pretty much did the damage. This announcement all seems a bit strange to me and I believe that's why the stock is down almost 31% on moderately bad news in totality.
The question I'm asking is why reaffirm the next quarter but lower the full year bar? Sales in tech are notoriously back end loaded anyway (especially in the FO subsector) and new contracts could mitigate whatever North America customer weakness it's seeing.
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