Cody Acree
Cody Acree
below giving guided higher missed numbers revenue tax
They not only missed revenue and guided below consensus, but they are giving us higher expenses, higher tax rates, so the numbers are going to come down.
builds certain extremely numbers optimism realistic stock
The numbers were fine. The stock had done extremely well. When you have that kind of a move, it builds in a certain kind of optimism that may be realistic or may not be.
expanding higher numbers raising realm stock strong support
It's not out of the realm of possibility that the second-quarter numbers could be strong enough to support the stock at a higher valuation, ... If you keep raising estimates, you probably could keep expanding the multiple.
across notebooks results strong whether
Results look to be strong across the board, whether in servers, notebooks or desktops.
capacity demand fourth good looks normal quarter
I think demand was good but TI was capacity constrained in the fourth quarter. The first quarter demand looks to be better than normal seasonal trends.
clean companies finally improving orders sector seeing systems tech
We also like companies like Cisco Systems and Juniper Networks, ... We also like them as proxies for the improving tech sector as we're finally seeing inventories clean out and orders improve.
change knew larger problems street
This was a holdover reverberation from problems we already know about. This is a larger disappointment than we expected, but it's not a change in what we and most of the Street already knew was coming.
boost economy feeling fourth generally good quarters third
We generally have had a good feeling going into the third and fourth quarters because the economy is doing better than expected. Semiconductors are going to get a boost from seasonal trends.
chip fearful good intel less news outlook reason start stocks tone
We're going to need to see follow-through from Intel. Good news from Intel could set a tone and start to give those that were most fearful about the outlook for chip stocks less reason to be concerned.
advantage buying chasing difficult investors mistakes momentum proven
With semi stocks, if you're not buying when there are mistakes then you're chasing momentum and that's historically proven to be a difficult strategy. Investors should take advantage of controversy.
amount certain disconnect
There is a certain amount of disconnect here,
investment million miss nobody owns sell stock
Nobody who owns the stock for a long-term investment is going to sell over a $60 million miss
likely normal
Revenues are likely to be down but that's just normal seasonality,
biased turned wrong
There's nothing wrong with what they turned in. It's a little narrowing of the range, biased to the upside, but it's not an inarguable catalyst.