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.

Stratasys, Ltd. (SSYS), Applied Materials, Inc. (AMAT), And Three Predictions for Next Week

Page 1 of 2

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

I predicted that Clean Energy Fuels Corp (NASDAQ:CLNE) would close higher on the week. The provider of natural gas fueling solutions for transportation has been posting narrowing losses, and Wall Street was eyeing a 35% surge in revenue. The company was a solid report. Revenue came in a little light, but bottom-line results improved nicely. Shares of Clean Energy Fuels Corp (NASDAQ:CLNE) moved slightly 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, the market had a strong run this week, fueled be encouraging economic news. Secondary stocks led the way, with the Nasdaq soaring 1.7% on the week. The Dow managed to close just 1% higher. I was right.

My final call was for Compass Diversified Holdings (NYSE:CODI) to beat Wall Street’s quarterly profit target. The investor in several middle-market companies has been posting blowout quarterly results over the past year, and I was banking on seeing the trend continue. Analysts were looking for a profit of $0.36 a share during the quarter, but Compass Diversified Holdings (NYSE:CODI) failed to beat the prognosticators. I was wrong.

Two out of three? I’ll take it. That makes me eight of nine over the past three weeks.

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. Stratasys will close higher on the week
Stratasys, Ltd. (NASDAQ:SSYS) reports quarterly results on Monday. Three-dimensional printing was a hot trend last year, and the stock soared 164% in 2012. The gains have been more calculated so far in 2013, with shares of trading just 3% higher year to date.

A solid quarterly report on Monday morning and the continuing momentum of tech stocks in general throughout the week should help Stratasys, Ltd. (NASDAQ:SSYS) move higher. I’m not just flipping a coin here. Stratasys, Ltd. (NASDAQ:SSYS) has beaten Wall Street’s income projections in nine of the past 10 quarters.

My call is for shares of Stratasys, Ltd. (NASDAQ:SSYS) to movie 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. The market is ripe for the tech-stacked secondary stocks to continue to outpace the 30 megacaps that make up the Dow Jones Industrial Average.

3. Applied Materials will beat Wall Street’s earnings estimates
Some stocks are just flat out better than others.

Applied Materials, Inc. (NASDAQ:AMAT) provides gear, services, and software to assist in the making of advanced semiconductors, flat panel displays, and solar photovoltaic products. Another thing it does is make analysts look like perpetual underachievers. If analysts say that the company posted a profit of $0.13 a share in its latest quarter, I’ll whip out a “greater than” sign. History’s on my side!

Page 1 of 2
Loading Comments...