Top Weekend News Stories November 19 2017

The top news stories this weekend that could impact stocks on the GuerillaStockTrading watch list.
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Top News Stories For November 13 2017

The day’s top news stories from stocks on the GuerillaStockTrading watch list.
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Top Earnings Beats For the Week Ending November 10 2017

Below are the top earnings and/or revenue beats for the week ending November 10, 2017. The table below is sorted by the biggest beats in descending order (at the top).
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Microchip Technology Stock In Strong Uptrend On Argus Buy Rating

Microchip Technology stock is in a strong uptrend that began in July of 2017.

Microchip Technology had its last earnings announcement on August 3, 2017. The company reported $1.31 EPS for the quarter, beating analysts’ consensus estimates of $1.14. The company also beat on revenue which came in at $972.10 million for the quarter, compared to the consensus estimate of $944.87 million.

Microchip is one of the better-positioned companies in the semiconductor industry based on its product strength. The company acquired Atmel’s product portfolio in April of 2016 which is paying off big-time. The company is raising its organic business growth target to 7%-9%, up from the mid-single digits due to the consolidation of Atmel’s business creating a strong pricing environment. Furthermore, Microchip’s backlog will likely increase as strong demand cannot be filled fast enough.
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