Day 225: 2 Beats, 1 Miss


Mother's Little Helper portfolio was DOWN today -$1,914.34 (-0.24%). Overall GAIN YTD: +$207,610.58 (+35.56%).

According to CNN Money our benchmark index, the S&P 500 is up +10.51% Year To Date. http://money.cnn.com/data/markets/sandp/

Three companies in the portfolio reported earning today; we had 2 beats and 1 miss. The Children's Place and NetEase continue to grow earnings at a strong pace while Mylan has under-performed for a variety of reasons all year. While Mylan has a great franchise and an enviable pipeline, the scandal over EpiPen pricing, reduced margins and increasing competition in key product lines will most likely hold the share price down through out the year. However with a significant cash hoard in hand, I think it's possible Mylan would do some acquisitions and share buy backs if tax reform and overseas cash repatriation materialize. All would be posative for share prices.

The Children's Place Retail Stores Inc. (PLCE) reported fiscal second-quarter net income of $14.3 million, after reporting a loss in the same period a year earlier. The New Jersey-based company said it had profit of 79 cents per share. Earnings, adjusted for one-time gains and costs, came to 86 cents per share. The results beat Wall Street expectations by $0.04 cents per share.

NetEase Inc. (NTES) reported second-quarter net income of $438.4 million. On a per-share basis, the Beijing-based company said it had profit of $3.31. Earnings, adjusted for non-recurring costs, were $3.86 per share. The internet technology company posted revenue of $1.97 billion in the period. NetEase shares have risen 46 percent since the beginning of the year. In the final minutes of trading on Wednesday, shares hit $315.05, a rise of 58 percent in the last 12 months.

Mylan Inc. (MYL) reported second-quarter earnings of $297 million.

The Hatfield, Britain-based company said it had profit of 55 cents per share. Earnings, adjusted for non-recurring costs, came to $1.10 per share. The results missed Wall Street expectations. The average analysts surveyed was for earnings of $1.18 per share.

PORTFOLIO COMPANIES REPORTING EARNINGS THIS MONTH

NVIDIA Corporation is expected to report earnings on 08/10/2017 after market close. The consensus EPS forecast for the quarter is $0.69.

Kingstone Companies, Inc is expected to report earnings on 08/10/2017 after market close. The consensus EPS forecast for the quarter is $0.32.

Cisco Systems, Inc. is expected to report earnings on 08/16/2017 after market close. The consensus EPS forecast for the quarter is $0.55.

Applied Materials, Inc. is expected to report earnings on 08/17/2017 after market close. The consensus EPS forecast for the quarter is $0.83.

Veeva Systems Inc. is expected to report earnings on 08/24/2017 after market close. The consensus EPS forecast for the quarter is $0.15.

Ulta Beauty, Inc. is expected to report earnings on 08/24/2017 after market close. The consensus EPS forecast for the quarter is $1.78.

Analog Devices, Inc. is expected to report earnings on 08/30/2017 before market open. The consensus EPS forecast for the quarter is $1.15.

Stay Invested

Clay Baker

Disclosure: I am personally invested long in these stocks that appear in the MLH portfolio and may purchase or sell share withing the next 72 hours. I am also invested in other stocks that do not appear in the MLH portfolio: BA, BRK.B, CELG, CSCO, CTXS, CVX, DOW, DVAX, FB, IBM, NTES, NVDA, OMER, PFE, PG, RDHL, SCHW, THO, TWX, VEEV, VZ, XLNX, XOM

I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it. I have no business relationship with any company whose stock is mentioned in this article. This article is not intended to offer investing advice, guarantee 100% accurate predictions, or to be interpreted as providing a personal recommendation.

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This material is provided for informational purposes only, as of the date hereof, and is subject to change without notice.
This material may not be suitable for all investors and is not intended to be an offer, or the solicitation of any offer, to buy or sell any securities.

© 2016 by Clay Baker all rights reserved