09 July Alert Recap; The ups & downs
Hey folks on 09 Jul we alerted four stocks & one exchange traded funds (ETF) and here is their performance thus far:
KB Homes (KBH) -2.31%
Advance Micro Devices (AMD) +1.98%
Newlink Genetics (NLNK) -5.10%
iShares Semiconductor ETF (SOXX) +4.55%
Nike (NKE) +3.56%
This is a net gain of +2.69%
All of these stocks/ETF are a hold if we had to put new money to work it you be in AMD and then NKE
KBH- still a good name to be in as the housing market is kicking butt putting this bad boy in a nice long uptrend going back to February 2016.
AMD- we took our profits in this name where we bought a vertical call spread in our paper account, see our 16 July blog highlighting this gain. This name is heading into earnings and I feel 50/50 on whether she beats earnings expectations this quarter yet AMD's sentiment looks overall bullish. Lately this name hasn't had to make earnings for investors to sew more money into her.
The charts tell me she is a buy. I would buy protection and define my risk, ask Emerald Chase the cheapest, safest way to play this name going into earnings.
NLNK- man! this one seems to have had no life in her good nor bad since I alerted her. She showed signs of attempting to close in the gap she fell from back on 7 Jun. I have to laugh at myself on this one.
SOXX- our analyst timed this one right following a healthy pullback to her 100 day moving average where she bounced up from it like a spring board. This is what you want to see people; a check-back if you will.
NKE- we may see this one hit $61 soon.
To sum it up I'm still bullish tech and more specifically semiconductors...names like MU, NVDA, AMD & SOXX should do well from this quarter to next.
