π₯π₯ Our best Ideas from October: Teradyne +29.2%, Nike +19.3%, Apple +10.0%
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OUR BEST IDEAS FROM OCTOBER:
Teradyne shares are now up +29.2%
Nike shares are up +19.3%
Apple shares are up +10.0%
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(1) Our Idea from October 19: Teradyne poised to rally +10.1% in 1 month
π Teradyne shares are now up +29.2% since our initial signal
Teradyne is in the semiconductor and automatic test equipment business. Customers are Samsung, Qualcomm, Intel, Analog Devices, Texas Instruments and IBM. Semiconductor and storage-testing equipment, along with the rapid shift to next-generation wireless tech (5G), could drive sales for next 3-4 years. Teradyne currently has 30% margins. Third quarter earnings were $1.59 EPS vs. $1.18 EPS YoY vs. $1.44 estimates. For Q4, estimates are $1.18 while the company has guided EPS $1.14 to $1.40. In mid-October, the shares were trading at $115 while analyst estimates had a share price target of $146.
(2) Our Idea from October 6: Nike tends to return +4.4% within 1 month
π Nike shares are up +19.3% since our initial signal
Nike has also announced that the company will be part of the virtual reality βMetaverseβ concept. The company will potentially sell βvirtual sneakers and clothesβ. In partnership with Roblox, Nike will offer free virtual play-space called βNikelandβ. It could host competitions tied to global sporting events β such as 2022 Soccer World Cup or other events. Roblox has approximately 200 million monthly active users. Nike has also boosted its quarterly dividend by +11% (from 27.5c to 30.5c).
(3) Our Idea from October 28: APPLE INC sets up for 7.7% rally in 2 months, 90% hit ratio
π Apple shares are up +10.0% since our initial signal
While Apple has indicated that iPhone demand is weakening for the holidays, the shares have nevertheless returned +10.0% since the trading signal in October. The key βdriverβ since October has been the prospects that Apple is making progress in launching a sel-driving car, as early as, 2025. Appleβs ideal car would have no steering wheel and pedals, with interiors designed around hands-off driving. In mid-November, the stock price rose for 9 consecutive days. One of the most vocal analyst covering the stock has a price target of $200 (vs. $163.76 currently).
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For more investment insights, please visit us at www.LongShortBets.com