Good Monday to all. I hope everyone had a fantastic week. We had a pretty successful week last week with a number of very nice Overnight Trades. On Friday, we had a so-so day. We got involved with a Buy Pick in DENTSPLY Inc. (XRAY) at 29.05, and we exited at at 29.40 for a gain of 1.20%. It was not a homerun, but we were still able to take away some solid profits. Our Short Sale of the Day, on the other hand, was a dud. We got involved with Skyworks (SWKS) as a Short Sale, believing the stock was heavily overbought, had underperformed on earnings, and had received a downgrade. It was not enough. We lost 3% on a Double Down play with an average entry at 18.25 at 18.79.
We also discussed a new Long Term Position in Sunpower Corp. (SPWRA). I have a fair value estimate in the mid-16s for SPWRA, and we are waiting for the stock to dip below 13 before a worthwhile purchase can be made. I will be doing an extensive Long Term Portfolio update today as an Oxen Alert.
Mondays are never great for day trades, so we will enter a new Play of the Week this morning and look at a new Overnight 
Trade for the afternoon.
Play of the Week: Teradyne Inc. (TER)
Analysis: Over the past couple weeks, chips and semiconductors have ruled earnings. With many of these companies at the front end of economic recoveries, chip and semiconductor manufacturers have seen an influx in business that is providing these companies with great earnings’ surprises and raising stock prices. One company that seems poised to continue this trend but has slipped under the radar to date is Teradyne Inc. (TER). The company, which is a semiconductor an memory device test manufacturer. Their equipment tests chips, semiconductors, memory devices, analog devices, etc. for electronics’ companies. Teradyne is set to report earnings on Wednesday evening at an EPS of 0.47 vs. one year ago’s earnings per share loss at -0.21.
Teradyne is in the semiconductor equipment sector. Since mid-May, thirteen semiconductor equipment companies have reported earnings with ten out of thirteen reporting surprise gains. Two out of three with losses have a market cap less than $200 million. Competitors of Teradyne include Verigy Ltd. (VRGY) and LTX-Credence Corp. (LTXC). These two companies had surprise earnings of over 250% and 25%, respectively. Teradyne’s industry has been doing exceptional. One…
