Below is a quick look at 4 tech earnings that I am watching this week. I wanted to quickly touch on the implied move in the options market, price action and sentiment……Check back over the next day or so to get commentary and strategies…..
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DELL $15.50
-Company reports their fiscal Q2 today after the close.
-options market is currently implying about a 6.5% move vs the average move of about 5.5% over the last 8 qtrs.
-Street fairly mixed on the name with 19 Buys, 18 Holds and 4 Sells.
-Latest reading on short interest remains fairly high for the name at almost 5%.
-Stock is up 14% ytd vs the Nasdaq which is down about 4%.
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NTAP $44.34
-Company report’s their fiscal Q1 Wednesday after the close.
-options market is currently implying about a 7.5% move vs the average move of about 6.15% over the last 8 qtrs.
-Street is relatively positive on the name with 28 Buys, 14 Holds and no Sells.
-Short interest looks fairish relative to recent past a little below 5%.
-Stock is down19% ytd, up 13% since the lows last week and down about 35% from the 52 week high.
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SINA $106.30
-Company report’s their fiscal Q2 Wednesday after the close.
-options market is currently implying about a 10% move vs the average move of about 5.9% over the last 8 qtrs.
-Street is fairly mixed on the name with 13 Buys, 9 Holds and 4 Sells.
-Short interest while down a couple percent is still very high at about 10% of the float.
-Stock is up 54% ytd, up ~28% since the lows last week and down about 27% from the 52 week high.
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HPQ $32.43
-Company report’s their fiscal Q2 Thursday after the close.
-options market is currently implying about a 5.5% move vs the average move of about 3.5% over the last 8 qtrs, but this excludes some huge gaps lower on pre-announcements.
-Street is fairly mixed on the name with 18 Buys, 20 Holds and 2 Sells.
-Short interest only about 1% of the float.
-Stock is down 23% ytd, up 9% since the lows last week and down about 35% from the 52 week high.
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