I went out on a limb last week, and now it’s time to see how that decision played out.
- I predicted that Green Mountain Coffee Roasters Inc. (NASDAQ:GMCR) would close higher on the week. The company behind the popular Keurig line of brewers that make premium coffee in one-cup servings was hosting its first ever investor day on Tuesday. I figured it would go well given all of the recent buzz about new applications for the machine. Why host the first investor-oriented event in company history if you didn’t think you had something worth sharing? The stock did close 2.6% higher on the week. I was right.
- I predicted that the tech-heavy Nasdaq would outperform the
Dow Jones Industrial Average (INDEXDJX:^DJI). This has been a tricky call lately, so how did it play out this time? Well, this was a great week for stocks. The Nasdaq moved nearly 1.7% higher, but the Dow Jones Industrial Average (INDEXDJX:^DJI) was the real star with its 3% pop. I was wrong.
- My final call was for Lululemon Athletica inc. (NASDAQ:LULU) to beat Wall Street’s income estimates in its latest quarter. The retailer of high-end yoga apparel for women has been a growth darling more often than not, and it came through with a profit of $0.39 a share, well ahead of the $0.35 analysts were targeting. The stock fell on a disappointing outlook, but it was still a beat looking back. I was right.
Two out of three? I can do better than that.
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. Tibco Software Inc. (NASDAQ:TIBX) will close lower on the week
This should be a good time for enterprise software companies, but try Tibco Software Inc. (NASDAQ:TIBX) on for size. The provider of infrastructure software for companies checked in last quarter with year-over-year declines in revenue and adjusted earnings.
Tibco Software Inc. (NASDAQ:TIBX) has been a growth champ in the past, and founder Vivek Ranadive is a visionary with his “two-second advantage” philosophy. However, Tibco Software Inc. (NASDAQ:TIBX) has been pretty mortal lately. The company that routinely trounced Wall Street expectations has merely met estimates in back-to-back quarters, setting the stage for Thursday, where analysts see another dip in profitability on flattish revenue growth.
My first call is for this Tibco Software Inc. (NASDAQ:TIBX) to close lower on the week.