Starts off: ..."I know we've discussed the "death of the light bulb" ad nauseam in the past few years, but this transformation is really starting to kick in around the world.
No company will benefit from this transformation more than Cree (NASDAQ: CREE), one of our longtime favorites that, frankly, has tried our patience over the years."...
ends with:
..."Cree still has lots of room to reach our $50 target, but it's currently well above our Buy Under price of $24. (It closed Tuesday above $32—Editor.) For anyone looking to establish a position, we're raising our Buy Under price to $28, but we don't want you to chase Cree. It's best to be patient to see if the stock traces back to its moving averages near $27 before making a move."...
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.