Cody Acree
Cody Acree
advantage buying chasing difficult investors mistakes momentum proven
With semi stocks, if you're not buying when there are mistakes then you're chasing momentum and that's historically proven to be a difficult strategy. Investors should take advantage of controversy.
companies draw enterprise investor larger leaders liquid money names portion quickly systems tends texas volatile
Companies like Texas Instruments, companies like Cisco Systems in enterprise networking. Leaders in their space, bellwethers, big-cap liquid names that I think are going to be around for the long term, leaders in the up cycle, ... Companies that the institutional investor can get in and out of quickly and that tends to draw a larger portion of the money when we have these volatile times.
challenge convince degree investors margins next reason step trying victim
How do you do better than that? ... And if next step is down, do you want to own the stock? Their challenge is trying to convince investors and analysts that there is no reason for margins to deteriorate. To some degree they are a victim of their own success.
assuming bottom correction entire evidence finality great intel inventory investors nice quarter
The finality of the inventory correction is not only great for Intel but the entire semiconductor market. Investors had been assuming that the first quarter would be the bottom but it's nice to see real evidence of it.
biggest demand looking
The biggest thing here is what inventories are looking like and what demand is looking like for the first quarter.
ability biggest inventory lack market maybe measure seeing surprise
The biggest surprise is not that the market is seeing inventory slosh, but maybe it's Intel's lack of ability to measure this.
assumption beginning built concerns consumers high june looks momentum normal oil prices sales spending throughout
There was an assumption at the beginning of June that second-quarter sales of desktops and servers would be lethargic but momentum has built throughout the quarter. There were concerns that there would be lackluster spending by consumers and corporations because of high oil prices but it looks like things were probably normal or even better than normal.
amazing believe economic economy gaining improvement normal people quickly reason sentiment sworn translate weeks
It's amazing how quickly sentiment shifts. Two weeks ago, people would have sworn that the economy was gaining momentum. But there's no reason to believe that if we have normal economic improvement then that won't translate into normal seasonal second-half demand.
great increased revenue
It's great revenue growth, but it may not be enough because of increased (investor) expectations.
degree earnings line quarter stock upside
Their earnings are in line with expectations for this quarter and the next, but there was no upside and the stock was priced for some degree of upside.
biased turned wrong
There's nothing wrong with what they turned in. It's a little narrowing of the range, biased to the upside, but it's not an inarguable catalyst.
change consumer corporate emphasis night strategy wireless
There won't be a night and day change in corporate strategy but there will be more emphasis on the wireless and consumer markets,
anybody paying surprised
Anybody who was surprised by this hasn't been paying attention.
likely normal
Revenues are likely to be down but that's just normal seasonality,