Apple reports earnings after the bell. Despite the weakness in the stocks, I have to believe the company will surprise to the upside. My belief stems from the companies track record, not so much analyst chatter.
Coach is being decimated this morning to the tune of 16%. I can tell you that KORS is eating their lunch inside of America’s shopping malls; but people will probably sell KORS today as well. One thing is for certain, COH is just like DECK–old, legacy, semi-lux brand gone stupid.
My favorite earnings call was CREE. They poleaxed analyst estimates. I am telling you now, purely from an anecdotal standpoint, CREE is the future of lighting. Look what I did in my house. I discarded with the 60 watt incandescent hi-hats in exchange for a 9 watt lamps made by CREE. They emit the same or more lumens and last 30,000 hours aka for “life.” I will never need to change them and they do not emit heat, which is a huge plus when you have 30 of them beaming down in your basement.
LED lighting is the future for any city looking to upgrade to a better, cleaner, more sustainable technology and CREE is the dominating company in the space. The company has had hiccups due to Chinese phantom city delays. But perhaps they’ve turned the corner for good, following such a superb quarter.
Other LED plays of note are AIXG, VECO, RBCN, POWR and lotto play LEDS. Frankly, there are a ton of companies that contribute a part here and a part there, but CREE is your pure play with momentum.If you enjoy the content at iBankCoin, please follow us on Twitter