Good morning! I hope most of you got my alert with positions updates earlier this morning. I had an emergency last night that kept me up very late. We are out of both of our open positions that we had in The Men’s Wearhouse Inc. (MW) and Vail Resorts Inc. (MTN). We exited MW at 19.44 this morning for a 4.8% gain. The stock nearly hit my 6% high end range exit this morning at 19.67, missing by a penny. If you are still holding, we are exiting on the range of 19.29 – 19.67. Vail came out with a nice earnings beat, hitting an EPS of 1.98 vs. the expected 1.85. Yet, the company did not forecast as well as some were expecting. The stock opened at 38.35 and quickly dropped. If you followed my guidance and set an order to exit at open, you should have made money. I exited at 38.20 from an entry at 37.35 for a gain of 2.25%.
Today’s Overnight Trade has the potential to be a two-day trade because it does not report until Thursday evening, but I think it might get a nice boost tomorrow and is still at a great price right now. The chart on the above left is one of the beginning reasons why I like this company…
Overnight Trade of the Day: National Semiconductor Corp. (NSM)
Analysis: The semiconductor industry has had a wild ride over the past couple years. The leader of the pack Intel Corp. fell 50% from the summer of 2008 to the end of the year. Then, it rose 100% through April. Now, the market has started its turn back down, INTC has again dropped just under 20%. Semiconductors were one of the industries that has really
started to see some great recovery as tech business starts at the conductor level, and it is a great sign that industry is starting to pick back up again. One company that is report earnings on Thursday evening that should continue the trend in the industry is National Semiconductor Corp. (NSM).
NSM is projected to report a profit of 0.28 EPS for its Q4 of 2009 (on a strange reporting schedule). The company, one year ago, reported a loss per share of -0.28. They were estimated to report a loss of -0.48. The company is projected to turn a profit though this year in the final quarter, and that was what first…
