Stock Analysis

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Boston Scientific (BSX) raised its full year guidance after reporting strong second quarter results. Barrick?Gold (ABX) reported an adjusted profit for the second quarter that was in line with estimates.

 

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NETGEAR's (NTGR) second quarter results were ahead of estimates and its third quarter revenue guidance was in line. Knight Transportation (KNX) reported above-consensus earnings for its second quarter but its revenues were light.

 

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Marriott International (MAR) reported better than expected second quarter adjusted earnings per share and revenues. InterActive's(IAC) second quarter adjusted earnings and revenues were above estimates.

 

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Stock Analysis 1st-5th (August)

TNA has rallied over $20 in a month. Continue to expect big moves in 2016 and beyond. TNA remains the best trading stock in the market right now. This is the second time I predicted a move from the $50's to my $70 price target. This is also why all major dips for the rest of 2016 are a strong buy.

 

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TSLA rising back up near $230 ahead of earnings. Tesla (TSLA) is a strong buy below $200 going forward.

 

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China 3x Bull ETF (YINN) is finally pulling back into the $15's. YINN will now have resistance located at $17 going forward.

 

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Cubic (CUB +0.20%) was upgraded to 'Buy' from 'Hold' at Needham & Co. First Business Financial Services (FBIZ -3.15%) was downgraded to 'Hold' from 'Buy' at Sandler O'Neill.

 

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GNC Holdings (GNC +0.64%) was downgraded to 'Neutral' from 'Outperform' at Wedbush. Leggett & Platt (LEG -3.59%) was downgraded to 'Market Perform' from 'Outperform' at Raymond James.

 

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Harley-Davidson (HOG +3.74%) was upgraded to 'Outperform' from 'Market Perform' at BMO Capital Markets. Deutsche Bank (DB +1.43%) scored higher in bank stress tests released last Friday than in previous years.

 

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Apple (AAPL) surged back above $105 on Tuesday after a strong earnings report. Resistance will be located up at $107.

 

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Tesla (TSLA) is dropping back near $225. Tesla (TSLA) is a strong buy below $200 going forward.

 

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Twitter (TWTR) is forming a base in the mid $16's right now. The stock will trade in a range but see another pre earnings rally in about two months.

 

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American International Group (AIG -0.13%) gained over 2% in pre-market trading after it reported Q2 operating EPS of 98 cents, higher than consensus of 92 cents, and then said it will add up to $3 billion to its stock buyback plan.

 

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Oclaro (OCLR -3.99%) rose over 9% in after-hours trading after it reported Q4 adjusted EPS of 11 cents, better than consensus of 6 cents, and then forecast Q1 revenue of $126 million-$134 million, above consensus of $118.6 million.

 

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Cray (CRAY -0.92%) plunged 20% in after-hours trading after it reported a Q2 adjusted EPS loss of -29 cents, a wider loss than consensus of -2 cents, and then cut its fiscal 2016 revenue estimate to in the range of $650 million, well below consensus of $796 million.

 

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Transocean Ltd. (RIG +3.98%) gained nearly 2% in after-hours trading after it reported an unexpected Q2 adjusted EPS profit of 17 cents, higher than consensus of a -2 cent loss.

 

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Prudential Financial (PRU +2.95%) dropped over 2% in after-hours trading after it reported Q2 operating EPS of $1.84, well below consensus of $2.50,

 

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XPO Logistics (XPO +0.87%) jumped over 10% in after-hours trading after it reported Q2 adjusted EPS of 42 cents, well above consensus of 22 cents, and then raised its full-year adjusted Ebitda view to at least $1.265 billion from a July 18 view of $1.25 billion.

 

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Stock Analysis 8th-12th (August)

U.S. Concrete (USCR -4.15%) was rated a new 'Buy' at Suntrust Robinson with a price target of $75. EOG Resources (EOG +7.03%) was upgraded to 'Buy' from 'Hold' at Wunderlich Securities.

 

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Wyerhaeuser (WY +0.70%) was downgraded to 'Neutral' from 'Buy' at DA Davidson. Level 3 Communications (LVLT +0.59%) was rated a new 'Buy' at BTIG with a price target of $63.