For some, Apple’s (NASDAQ:AAPL) WWDC keynote event went liked they hoped, with the company introducing some exciting new products or technologies that hit all the sweet spots in today’s dramatically reshaped tech environment. Augmented reality, artificial intelligence, smart speakers, digital assistants, convolutional neural networks, machine learning and computer vision were all mentioned in some way, shape or form during the address.
For others, the event went like they expected, with Apple delivering on virtually all the big rumors they were “supposed” to meet: updated Macs and iPads, a platform for building AR apps on iOS devices, and a Siri-driven smart speaker.
For me, the event was a satisfying affirmation that the company has not fallen behind its many competitors and is working on products and platforms that take advantage of the most interesting and potentially exciting new technologies across hardware, software and services that we’ve seen for some time. In addition, they laid the groundwork for ongoing advancements in overall contextual intelligence, which will likely be a critical distinction across digital assistants for some time to come.
Best Safest Stocks To Own Right Now: WildHorse Resource Development Corporation (WRD)
Advisors’ Opinion:
- [By Paul Ausick]
WildHorse Resource Development Corp. (NYSE: WRD) raised $413 million on the sale of $27.5 million at $15 per share, well below the expected range of $19 to $21. Shares popped just 0.4% for the day and closed the week down 0.9%.
Best Safest Stocks To Own Right Now: Applied Micro Circuits Corporation(AMCC)
Advisors’ Opinion:
- [By Piyush Arora]
AMD, along with other server-grade chip manufacturers such as Qualcomm (NSDQ:QCOM), Cavium (NSDQ:CAVM) and AMCC (NSDQ:AMCC), operates in the remaining minuscule 0.8% of the market. So, each of the aforementioned companies operate with a practically non-existent market share, compared to Intels shipments of course. This also means that these firms (AMD, Qualcomm etc.) have plenty of room to grow. This would be subject to good product releases of course, but at least this way, the law of large numbers isnt working against them.
Best Safest Stocks To Own Right Now: Attunity Ltd.(ATTU)
Advisors’ Opinion:
- [By Jim Robertson]
On Wednesday, ourUnder the Radar Moversnewsletter suggested small cap Big Data stock Attunity Ltd (NASDAQ: ATTU) as a short trade:
“Attunity has also been on the watchlist for a while. It’s a straight-up momentum play Well, straight down momentum play. We’re just getting on board the train after a brief lull in the downtrend. This one isn’t going to be a monster-sized winner, but it’s a high-odds, low-risk trade.”
Best Safest Stocks To Own Right Now: Powell Industries Inc.(POWL)
Advisors’ Opinion:
- [By Lisa Levin]
Shares of Powell Industries, Inc. (NASDAQ: POWL) were down 14 percent to $40.06. Powell Industries reported Q4 adjusted earnings of $0.54 per share on sales of $129.8 million.
Best Safest Stocks To Own Right Now: Finisar Corporation(FNSR)
Advisors’ Opinion:
- [By Leo Sun]
Shares of fiber optic components maker Finisar (NASDAQ:FNSR) fell 17% in April due to a big third-quarter miss in mid-March. Its revenue rose 23% annually to $380.6 million, but that missed expectations by $9 million. Earnings rose136% to $0.59 per share, but that also missed estimates by three cents. Finisar’s top and bottom line guidance for the fourth quarter (16% sales growth and 83% earnings growth at the midpoints) also came in below Wall Street estimates.
- [By Lisa Levin]
Finisar Corporation (NASDAQ: FNSR) shares dropped 21 percent to $27.46 after the company reported weaker-than-expected results for its third quarter and issued disappointing forecast for the current quarter.
- [By Anders Bylund]
Shares of Finisar (NASDAQ:FNSR) rose 13.2% in February 2017, according to data from S&P Global Market Intelligence.
So what
The bulk of Finisar’s February surge started when chief rival Lumentum (NASDAQ:LITE) delivered a strong earnings surprise, followed by several rosy analyst reviews. Lumentum’s solid results led investors to optimistic conclusions about the many target markets these two companies have in common, and Finisar’s gains nearly matched Lumentum’s post-earnings surge.
