In its recent earnings preview for this week, BullMarket.com made a bullish call on NetApp (Nasdaq: NTAP - News) and a bearish one on NVIDIA (Nasdaq: NVDA - News) ahead of earnings. For NetApp they wrote:
"NetApp has topped the EPS consensus seven of the last eight quarters, missing once. During that period, the stock has risen the next session four of eight quarters. Seasonally, the stock has risen once in the last four years. ...
"NetApp has had its struggles recently, but given the channel check data and the launch of delayed products, we're looking for a positive investor reaction.
"Outside of earnings, NetApp clearly had some operational issues last year, not delivering on some product launches as expected and having to push them back. That said, we continue to like NetApp's long-term prospects despite a cloudy near-term outlook. Companies may delay or rethink some spending but ultimately they will need the additional storage capacity. NetApp's storage products are well regarded, especially among midmarket customers. We also think the company could eventually be a takeover candidate.
"Stripping out its net cash of $8.53 per share, the stock trades at about 11.5x the fiscal 2013 EPS consensus (ending in April) of $2.75. We think investors with a long view can accumulate the stock at current levels."
Each earnings season, BullMarket.com publishes a comprehensive 20- to 30-page report each Friday during earnings season. In its latest earnings preview, BullMarket.com looks at several popular stocks still set to report earnings this week, including Baidu (Nasdaq: BIDU - News) and Nordstrom (NYSE: JWN - News). Tomorrow's report, meanwhile, will feature such stocks as Salesforce.com (NYSE: CRM - News), Dell (Nasdaq: DELL - News), Hewlett-Packard (NYSE: HPQ - News), and Monster Beverage (Nasdaq: MNST - News), among others.
Just a few of the correct calls BullMarket.com has made for Q4 so were:
to be bearish on Google (Nasdaq: GOOG - News) ahead of earnings.
to be bullish on Apple (Nasdaq: AAPL - News) ahead of earnings.
to be bearish on Sandisk (Nasdaq: SNDK - News) ahead of earnings.
to be bullish on EMC (NYSE: EMC - News) ahead of earnings.
to be bearish on Amazon.com (Nasdaq: AMZN - News) ahead of earnings.
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