I went out on a limb last week, and now it’s time to see how that decision played out.
- I predicted that Tesla Motors Inc (NASDAQ:TSLA) would close lower on the week. The maker of plug-in electric cars has seen its shares pop fivefold, far outpacing the growth in new orders for its Model S sedan. I remain long-term bullish on Tesla Motors Inc (NASDAQ:TSLA) but felt that it was due for a breather. Despite an otherwise strong week for tech stocks, Tesla Motors Inc (NASDAQ:TSLA)’s stock did close 1.2% lower 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 tech stocks. The Nasdaq moved nearly 2% higher, and that was better than the Dow Jones Industrial Average (INDEXDJX:^DJI)’s 0.8% ascent. I was right.
- My final call was for Bazaarvoice Inc (NASDAQ:BV) to beat Wall Street’s income estimates in its latest quarter. The provider of social commerce solutions has been losing money since going public, but it’s been consistently posting less red ink than the pros were projecting over the past year. I was banking on seeing the trend continue. Analysts were looking for a loss of $0.08 a share during the quarter, and it came through with an adjusted deficit of $0.05. The stock fell on Bazaarvoice Inc (NASDAQ:BV)’s disappointing outlook, but it was still a beat looking back. I was right.
Three out of three? I’ll take it!
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. Green Mountain Coffee Roasters Inc. (NASDAQ:GMCR) will close higher on the week
The new iPhone is going to be getting all of the hoopla on Tuesday, but it’s not the only company looking to impress the market that day. Green Mountain Coffee Roasters Inc. (NASDAQ:GMCR) will be hosting its first ever Investors Day, aiming to show how far Keurig has come — and how far it can go in the future.
Yes, Green Mountain Coffee Roasters Inc. (NASDAQ:GMCR)’s had an amazing run lately. The stock has more than tripled over the past year. However, there are still plenty of skeptics who could use some convincing that Green Mountain Coffee Roasters Inc. (NASDAQ:GMCR) isn’t hogtied to the fate of last year’s expiration of its K-Cup patents. The single-serve coffee specialist has a good story to tell, and it will get a chance on Tuesday.