Yep, good ol nvls is right back where it started before their qrt. stellar report. Amat is doing even better, and all lowered guidance. The market always knows more than the companies. Wouldn't it be nice to buy stocks with other peoples $$$$, at any price, just to make a good showing .
Nvls reversing course and climbing higher is a total joke. Its the same ol story for this group. Flat to lower revenues and zero growth in earnings but they know how to please the street. It happens every qrt. when they come out and say we see order growth, even though there is no revenue growth the screwy analyst promote the stock, all because they have 15 orders this month instead of 14. We both know what a joke nvls is for a company yet wall street continues to play their games with the stock. Just do the opposite of the news !!!
This sector is up today with LAM leading the way in percentage gained. Must be due to the downgrade of ASML. Volume is anemic. Notice that the elec. retail sector is down today, maybe the sales weren't as good as expected. In the durable goods, computer sales were down 1.7%.