PPR - CREE, NXPI, BCEI, and FLO (as reported in our premarket pulse this morning)

Published:

2 Aug 2013 15:46 ET

The following is a repeat of what we reported in our PMP this morning. It is sent for categorization/archival purposes:

IC LED, RF devices, and silicone carbide/gallium nitride manufacturer Cree (CREE) had a pocket pivot to new highs. Earnings have accelerated to 70% and sales to 23% in the most recent quarter. CREE reports earnings on 8/13 after the close. As an example of how to handle such a stock, your risk in buying at Thursday's closing price is nearly 5% if you sell should it trade back under 70 which is back into its sideways consolidation. If you don't mind a greater loss, you could sell if it undercuts the lows of its base at 67, or an 8% risk.

RF and digital processing semiconductor provider NXP Semiconductors (NXPI) had a pocket pivot breakout in Thursday's trade. Institutional sponsorship has increased over the last 6 quarters, ROE is at a very strong 43.5%, and earnings continues to jump ahead, up 58% in the most recent quarter.

Baker manufacturer Flowers Foods (FLO) had a pocket pivot to almost new highs after forming a constructive handle. Earnings are notable strong especially for a defensive company at 63% and sales at 26% in the most recent quarter.

Oil and gas exploration company Bonanza Creek Energy (BCEI) had a pocket pivot. Earnings and sales remain robust, pretax margin continue to grow and is currently at 37.5%, and institutional sponsorship has grown every quarter for a total of 6 quarters since the company went public. While oil stocks often violate their 50-day moving averages because they tend to trade sloppy, BCEI tends to trend above its 50-day moving average once it gets going.

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