Blowout quarters aren't enough?
Intuitive, Google and AMD had solid reports but the market found something to dislike.
By Jim Cramer, TheStreet
As I go over these quarters, and I will go over them again today and again this weekend, I am looking not to buy any of them. I haven't liked Google since its stance on China (I like 'em as guys, not as a company), I missed the last 200 points in ISRG so I don't even have the standing to comment and I like Intel (INTC) much more than the more expensive AMD.
I'll go over these quarters to see what the market didn't like about them. Which metric decelerated? Which gross margin number offended? I put it like that because a week ago it was possible to argue that every one of these would be up, not down.
In fact, these feel a little like Research In Motion (RIMM) when, after a big run, it got hammered, no matter what, before starting a steady climb higher.
The market gets fickle in earnings season. It stays fickle because the bar is set low or high by the reports the night before.
Intel set the bar high. Google had to set it higher. From the looks of things there were metrics that weren't perfect even though the stock no longer reflects perfection.
Intuitive Surgical? I don't even think it should be down. AMD? The guidance was for more disappointment so of course we were disappointed. Except we have been given disappointing guidance from $2, well, eternity or at least, here.
More work to do.
At the time of publication, Cramer was long Intel.
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