A CRUS Look At Apple

This is a very interesting tweet from a must follow @thenotablecalls.  CRUS reported earnings yesterday, $194million in revenues VS estimate$181 million and EPS of .79cents VS estimates of .71%.  Revenues were up 91% yoy, EPS grew 129%.  The company also raised guidance for next quarter to $270 million to $300 million VS estimates of $237 million.

Here’s what we know:

  • AAPL is going into their best quarter-the 4th quarter (x-mas).
  • EPS are out of the way.
  • Stock is down $105 dollars in about a month and its sitting right on top of the 200 day moving average.
  • With AAPL accounting for 70% of CRUS revenues last quarter and the raise of guidance one can assume that things might look up from here for AAPL.
  • Seasonal play, AAPL products will probably be one of the best selling this Christmax.
  • Long here with a hard stop at $587.

 


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