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Chris Lau in Value Stocks,

Weekend Research – August 5, 2017

 Weekend Research – August 5, 2017

 

  • Snap Inc. showed some life, avoiding the inevitable PT $10 on Friday. The usual rumors surfaced to give the stock a lift. Here’s a reminder: Twitter (TWTR) rallied to the low $20’s on news that Alphabet (GOOG) (GOOGL) would buy it. How did that play out? If GOOG makes an offer, SNAP will just want more. But SNAP’s cash flow is negative and it cannot pay its employees if it cannot issue stock. Sell.

SNAP, Snap Inc

  • AAOI plunged after losing business from a single customer. Company executives are under investigation for insider trading.

Here are the biggest losers in tech for the month:

  • Microstrategy – MSTR
  • Ericsson – ERIC
  • LG Display – LPL
  • Seagate Technology – STX – on weak outlook


  • Synaptics – SYNA –
  • 3D Systems – DDD - Dead money. Sell.

DDD, 3D SYSTEMS CORP

  • Meet Me – MEET – and MobileIron – MOBL are permanently broken. Avoid.
The notable top three performers for the month – all are covered for DIY followers include:

  • 1/ STMicro – STM
  • STM, STMICROELECTRONICS N.V.
  • 2/ Alibaba – BABA. Accumulate
  • 3/ Nvidia – NVDA - Hold.

In biotech:

  • Sarepta Therapeutics – SRPT – pulled back on profit-taking. The company’s prospects are strong
  • Dynavax – DVAX – The FDA extended the HEPLISAV-B by three months to November 2017
  • Teva Pharmaceuticals – TEVA – collapsed last week. It cut its dividend, wrote down $6B on the Actavis acquisition; Allergan may sell its 9.9% stake

TEVA, TEVA PHARMACEUTICAL INDUSTRIES LIMITED AMERICAN DEPOSITARY SHARES

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