Earnings season is upon us in the tech sector. What should investors expect from these reports? What are the key storylines to follow and are these stocks likely to trade higher or lower in the wake of their results?
In NextInning.com's earnings previews, available free to trial subscribers, key storylines are evaluated, analyst expectations are audited, and in depth valuation analyses are provided to develop fair value ranges for dozens of stocks. Next Inning's model portfolio has returned 298% since 2002, nearly six times the return of the S&P 500.
In its latest earnings preview, Next Inning looks at several popular stocks, including Mellanox Technologies (NASDAQ: MLNX - News), Qualcomm (NASDAQ: QCOM - News), VMware (NYSE: VMW - News), Advanced Micro Devices (NYSE: AMD - News), Altera (NASDAQ: ALTR - News), Cypress Semiconductor (NASDAQ: CY - News), EMC (NYSE: EMC - News), Lattice Semiconductor (NASDAQ: LSCC - News), Nokia (NYSE: NOK - News) and SanDisk (NASDAQ: SNDK - News).
Here is just a tiny sample of what Editor Paul McWilliams wrote about Nokia:
"I've always presented Triquint Semiconductor (NASDAQ: TQNT - News) as more of a cornerstone investment, and Anadigics as a good, but high-risk investment that merits consideration as a good pairing with TriQuint.
"Given the near-term and full-year outlook for Nokia, there's no way to make a strong fundamental argument in favor of the company using earnings as the basis. However, an assessment can be made by looking at the still strong balance sheet, the anticipated cash flow from Microsoft (NASDAQ: MSFT - News) and Apple (NASDAQ: AAPL - News) royalties, the monstrous patent portfolio, and the value of Nokia Siemens Networks (NSN).
"Stephen Elop has been Nokia's CEO for less than a year. Considering the massive changes Nokia needed in not only operations, but also in its core structure, I think we need to give him more time. That said, given the crater he has had to pull Nokia out of, betting on Elop's success is highly speculative..."
The Next Inning model portfolio is up 21% year to date versus 11% for the S&P 500. Click here to start your free 21-day trial membership to Next Inning Technology Research and get McWilliams' in depth reports, earnings previews, and real-time trade alerts.