I plan to start something new with this column, by offering quick-take grades on my own picks from the prior week based on how the stock performed compared to my expectations.
(CSCO - Get Report). This earnings play reported monster results, just as predicted. Readers could have made a quick 6% in this name. Longer term, this is still a great stock and the CEO made very bullish comments in the conference call. It should be bought on any pullback.
I also recommend
(RL), which reported horrible earnings and gapped down 12%.
Grade: C I also recommended Akami (AKAM) as a pure snapback play as well; due to oversold conditions plus heavy insider buying at much higher prices. Investors could have made a nice 5%.
Grade: B Dynegy (DYN) reported good earnings, but investors still hammered the stock; it was an earnings play but the stock is down 3% since I recommended it.