A CRUS Look At Apple
- Posted by ZorTrades
- on November 1st, 2012
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.
The information in this blog post represents my own opinions and does not contain a recommendation for any particular security or investment. I or my affiliates may hold positions or other interests in securities mentioned in the Blog, please see my Disclaimer page for my full disclaimer.
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Frank Zorrilla is the founder and chief investment officer of Zor Capital LLC.He began his Wall Street career 10 days after his 20th birthday when he became a Series 7 licensed stock broker. More »