Cisco, NetEase, JA Solar, Splunk Are Near Buys With Earnings Due | Stock News & Stock Market Analysis

Futures for the S&P 500 index were little changed Monday evening. Cisco Systems (CSCO), NetEase (NTES), Splunk (SPLK) and JA Solar (JASO) are all near buy points with earnings on tap.

XAutoplay: On | OffCisco Systems and Splunk have fallen below recent entries in recent days. NetEase has a 96 Composite Rating while fellow Chinese stock JA Solar has a 98 CR. The Composite Rating, which runs from 1 to 99, combines several proprietary IBD ratings. All-time winners often have Composite Ratings of at least 95 near the start of big runs.

S&P 500 futures were essentially flat vs. fair value. So were Nasdaq 100 and Dow futures.

Cisco Systems

Cisco cleared a 34.20 cup-with-handle buy point on Oct. 20 but struggled to make headway. Shares dropped below the entry last Thursday and have continued to edge lower, closing at 33.95 in Monday’s stock market trading.

Cisco is a networking giant, but it’s struggling to shift from stagnant sales of routers and switches to faster-growing services and software, making several acquisitions in recent years. Cisco agreed to buy telecom software maker Broadsoft (BSFT) late last month for $1.9 billion.

But that transition is still underway. Cisco reports fiscal first-quarter results late Wednesday. Analysts expect a 1% dip to 60 cents, with sales sliding 2% to $12.11 billion.


The Chinese gaming firm last week announced plans to invest $11 billion in e-commerce, sending shares up 10.4% on Nov. 6. NetEase closed Monday at 302.15. The stock is working on a cup base with a potential buy point of 337.65. NetEase could potentially form a proper handle by Wednesday’s close, which would offer it a lower entry.

However, after Wednesday’s close NetEase reports quarterly results. Wall Street sees revenue surging 37% to $1.89 billion, but EPS is expected to fall 16% to $2.86.

JA Solar

JA Solar is in a cup base with a potential entry of 8.58. Shares, which closed Monday at 8.06, have been trending higher since finding support at their 50-day line in October.

The solar products maker reports third-quarter earnings early Wednesday. Analysts expect 18 cents a share, up from 15 cents a year earlier. Revenue should fall to $610 million from $624 million.


The data analytics firm cleared a 69.71 cup-base buy point on Nov. 8 in strong volume, but shares have pulled back sense. Splunk tumbled 2.9% to 67.91 on Monday, back below the entry area.

Splunk reports third-quarter earnings late Thursday. Analysts a 17% EPS rise to 14 cents, with revenue up 26.5% to $310 million.


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Originally posted 2017-11-14 01:55:46.


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