Market Blog

Forecasts for Amphenol and Acorn International

$ APH- Amphenol Corporation, last closed at 46.51- Bullish (medium term)

Amphenol Corporation is a major producer of electronic and fibre optic connectors, cable and interconnect systems such as coaxial cables. Amphenol is a portmanteau from the corporation’s original name, American Phenolic Corp

Amphenol has seen a fluctuation in its share prices, after it fell from weekly high of $60.54. It was trading at a day’s high of $41.27 before the closing session. However, sentiments for the company remain high as the company forecasted a high increase in its overall sales from $1.380 billion to $1.420 billion, an increase from 4% to 7% in the first quarter of 2016. Analysts and investors look into as a bullish trend for the company’s stock price as relative growth would be seen for the company.

$ ATV- Acorn International, Inc. Last closed at 7.69- Bearish (short term)

Acorn International Inc. is an integrated multi-platform marketing company. The Company develops, promotes, and sells consumer products and services through its direct TV sales and nationwide distribution network.

Share price of Acorn touched a day’s high of $8.36 before the closing session. The share price fell 0.37% on the day’s trade as weak sentiments remain the major issue for the Chinese marketing and branding company. The Chinese company had recently authorized a share repurchase program under which the Company may repurchase up to US$2 million worth of its American depositary shares (“ADSs”) over the next 12 months. Analysts foresee a short term gain in the company’s stocks and would wait till the world’s second largest economy stabilizes.

 

 

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