The top news stories this weekend that could impact stocks on the GuerillaStockTrading watch list.
Continue reading “Top Weekend News Stories November 19 2017”
The day’s top news stories from stocks on the GuerillaStockTrading watch list.
Continue reading “Top News Stories For November 13 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).
Continue reading “Top Earnings Beats For the Week Ending November 10 2017”
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.
Continue reading “Microchip Technology Stock In Strong Uptrend On Argus Buy Rating”