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Did you book a 55% return in less than 30 days last week?

We’re roughly half way through the June quarter earnings season. Generally speaking, earnings growth is tracking as expected, but revenue growth has been light. Drilling down on several sectors, financials and industrials have been strong, while technology has been mixed and fertilizer stocks have gotten crushed.

Technology cuts a very wide swath and includes a number of areas — from software to chips to PCs, smartphones, tablets, data centers and the equipment inside of them. It also includes gaming companies and cyber security ones, as well as online properties and social media companies. In other words, there are hundreds of companies that are part of the “tech-plex.”

A number of these sub-sectors have reported mixed results, such as the smartphone space with Samsung, Nokia (NOK), Blackberry (BBRY) and others. Price cuts and layoffs at Blackberry, in particular, don’t give you the sense that the company’s outlook is vibrant. That looming smartphone bloodbath is one of the many reasons why I haven’t recommended any of those companies in PowerTrend Profits.

To read the rest of this article, click here.

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Did you book a 55% return in less than 30 days last week?

We??re roughly half way through the June quarter earnings season. Generally speaking, earnings growth is tracking as expected, but revenue growth has been light. Drilling down on several sectors, financials and industrials have been strong, while technology has been mixed and fertilizer stocks have gotten crushed.

Technology cuts a very wide swath and includes a number of areas — from software to chips to PCs, smartphones, tablets, data centers and the equipment inside of them. It also includes gaming companies and cyber security ones, as well as online properties and social media companies. In other words, there are hundreds of companies that are part of the ??tech-plex.?

A number of these sub-sectors have reported mixed results, such as the smartphone space with Samsung, Nokia (NOK), Blackberry (BBRY) and others. Price cuts and layoffs at Blackberry, in particular, don??t give you the sense that the company??s outlook is vibrant. That looming smartphone bloodbath is one of the many reasons why I haven??t recommended any of those companies in PowerTrend Profits.

To read the rest of this article, click here.

Written By

Chris Versace is a financial columnist and equity analyst with more than 18 years of experience in the investment industry. He has been ranked an All Star Analyst by Zacks Investment Research and his efforts in analyzing industries, companies and equity securities have been recognized by both Institutional Investor and Thomson Reuters?? StarMine Monitor. He??s frequently published in The Washington Times and is a frequent contributor to the daily radio show ??America??s Morning News? and ??America??s Radio News?. He has been quoted in the Wall Street Journal, Investor??s Business Daily, The Street, USA Today and other publications. In addition, he can be frequently seen on television??s ??Fox Business? show.

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