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Earnings Crack and Misses

posted Aug 6, 2012, 11:41 PM by Mohit Kumar
This has been an outstanding earnings performance by our portfolio! Most of our guns fired back beating expectations, with all 6 of our most recent recommendations in profit. The most prolific gains were posted by NOV, RVBD among the recent ones and WFM. WPRT continues its maniac rise but could be tested in the short term! We keep proving to ourselves, how resilient our investments and strategy are even in the toughest of markets!

Unfortunately, AAPL and NFLX were at the receiving end after their recent results. While AAPL suffered on lower sales of iPhone on anticipation of the next release, NFLX suffered on lower growth of subscribers than initially anticipated. However, I believe the quarterly results were quite good from both and the earnings reaction does not reflect the complete picture. We continue to relish both AAPL and NFLX, and need to be patient. Nevertheless, NFLX remains a high risk opportunity!

With the recent lift in our portfolio, we might do some profit booking, so stay tuned!

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