Dear Valued Visitor,

We have noticed that you are using an ad blocker software.

Although advertisements on the web pages may degrade your experience, our business certainly depends on them and we can only keep providing you high-quality research based articles as long as we can display ads on our pages.

To view this article, you can disable your ad blocker and refresh this page or simply login.

We only allow registered users to use ad blockers. You can sign up for free by clicking here or you can login if you are already a member.

Sodastream International Ltd (SODA), Multimedia Games Holding Company Inc (MGAM): Three Predictions for the New Week

Page 1 of 2

Sodastream International Ltd (NASDAQ:SODA)I went out on a limb last week, and now it’s time to see how that decision played out.

I predicted that Apple Inc. (NASDAQ:AAPL) would close higher on the week. The company behind the iPhone, iPad, iPod, and iEverything Else was out of favor heading into Tuesday afternoon’s quarterly report, but that’s the kind of pessimism that’s rewarded after even a so-so quarter. It was a well-received report, as a surprising surge in iPhones overcame weakness nearly everywhere else. The stock moved 3.8% higher on the week. I was right.

I predicted that the tech-heavy Nasdaq would outperform the Dow Jones Industrial Average (Dow Jones Indices:.DJI). This has been a tricky call lately, so how did it play out this time? Well, this was a good week for tech to bounce back. The Nasdaq moved 0.7% higher, and the Dow managed to close 0.1% higher. I was right.

My final call was for RF Micro Devices, Inc. (NASDAQ:RFMD) to beat Wall Street’s income estimates in its latest quarter. The chipmaker’s been doing well given its presence in some of the world’s hottest smartphones, and it’s been posting blowout quarterly results over the past year. I was banking on seeing the trend continue. Analysts were looking for a profit of $0.07 a share during the quarter, and it came through with net income of $0.09 a share. I was right.

Three out of three? Awesome!

Let me once again whip out my trusty, dusty, and occasionally accurate crystal ball to make three calls that may play out over the next few trading days.

1. SodaStream will close higher on the week
It’s time for Sodastream International Ltd (NASDAQ:SODA) to get busy with the fizzy. Shares of the Israeli company behind the popular beverage-making appliance soared earlier this summer when it became the subject of buyout chatter. The rumors have subsided, but now the stock is trading for less than it was when the frenzy began.

The good news for Sodastream International Ltd (NASDAQ:SODA) is that it’s expected to post healthy growth when it reports on Thursday. Posting carbonated financials is one way to win back thirsty bulls.

My first call is for Sodastream International Ltd (NASDAQ:SODA) to close higher on the week.

2.The Nasdaq Composite will beat the Dow this week
Tech has been a big winner in recent years, so betting on tech over stodgy blue chips has been a good bet for me more often than not.

I’m going to stick with this pick. Most of the names in the composite are just too cheap at this point, and tech should be what carries us through the economic recovery.

Page 1 of 2
Loading Comments...