Semtech (SMTC) reported better than expected first quarter non-GAAP earnings per share and its sales were up 1 percent. The company’s second quarter guidance is in line.
Apple (AAPL) was lower this week after Goldman cut their price target. Apple (AAPL) is now a strong buy below $90. Resistance will be located up at $100.
S&P 500 - After a horrible jobs report, the S&P 500 is trying to break out on Monday. I think it could finally be for real this time. We went up on a horrible jobs report and the looming Fed decision isn't phasing Wall St. All signs point to a 2016 year end close between 2200-2325.
Fiat Chrysler Automobiles NV (FCAU +3.85%) rose nearly 3% in pre-market trading after it was said to habe started talks on a partnership with Uber Technologies.
Lending Club (LC -7.38%) climbed over 3% in pre-market trading after a report that its former CEO and chairman has spoken to buyout firms and banks about a possible takeover of the company.
Verint Systems (VRNT +2.55%) slid over 1% in after-hours trading after it reported Q1 adjusted EPS of 46 cents, above consensus of 40 cents, but reported Q1 adjusted revenue of $249 million, below consensus of $250.7 million
Comtech Telecommunications (CMTL -1.36%) lowered guidance on fiscal 2016 revenue to $425 million-$435 million from a March 10 estimate of $435 million-$445 million.
LinkedIn (LNKD +0.11%) climbed nearly 2% in pre-market trading after it was upgraded to 'Outperform' from 'Sector Perform' at RBC Capital Markets with a target price of $160.
Team Health Holdings (TMH -0.10%) tumbled over 9% in after-hours trading after Dow Jones reported that a deal between AmSung, who was rumored to merge with Team Health, was said to be close to a deal to merge with Envision Healthcare.
S&P 500 - The S&P 500 pulled back below 2100 on Friday morning as we were overdue for a pullback. Still, all signs point to a 2016 year end close between 2200-2325. A retest of 2020 should be bought heavily.