Another up week for the Nasdaq market. Nasdaq had its eighth consecutive straight up week. Last week was week with many stocks in consolidation mode. Many leading stocks saw their gains fade away, stocks such as (CMTL), a leader in the communication business, reported earning fall short of expectation. Many industries are in rotation mode, we saw the oil, commodities (gold, silver, and other metal) mining companies, and generic drug makers were making advances.
Stocks To Be Watched This Coming Week:
(MRVL), this medium cap semiconductor company broke its new 52-week high this week, with Friday's closing price closed near the 52-week high. It is strong momentum stock. Unfortunately the industry overall was not doing well after (INTC) re-iterated its earning forecast last week. It fell after the mid-quarter updates last week. It brought many of the stocks in the industry.
(MATK), a former bioscience leader will be announcing earning this coming Tuesday. It was a $70 stock after many miserable earning mishaps. The word "former" is important here. Because it was used to be the stock does not guarantee it will perform the former glory. I expect this one may fall again after earning. The trend will dictate how the stock perform.
(ADBE), a leader in the software field. It will report earning this coming Thursday. According the performance of the stock this week, it maybe a good earning play into the earning day.
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