Chris Lau
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Chris Lau in Value Stocks,

​ Tonight’s Action List for Tomorrow, Friday, August 4, 2017

Tonight’s Action List for Tomorrow, Friday, August 4, 2017

  • GoPro (GPRO) reported a smaller loss of $.09/sh, compared to a $0.25 loss.Sales beat estimates: $296.526M vs. $269.6M estimates. Dead cat bounce.
  • Micron – MU – continued its stalling on the market. Until the stock holds the $29 - $30 level, the upside is limited. Valuations are still favorable. Apple device sales, new device launches and growing computing needs will help DRAM sales
  • Fitbit squeezed shorts. Long-term business model still broken. Avoid/take profits on the bounce
  • Synaptics issued a weak forecast. Stock is down 15% right now.
  • Sierra Wireless  is buying Numerex. That plus a ScotiaBank downgrade sent the stock down 20%+. Accumulate.
  • Himax Technologies – HIMX – took a pause to the low $8.00 but forecasts a product ramp-up for the rest of the year and through 2018. Buy.
  • Tesla’s – TSLA – stock jumped after reporting strong revenue. Neutral.
  • Garmin – GRMN – raised its guidance. Accumulate.
  • Glu Mobile reported solid bookings. Accumulate.

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