XRX - Xerox Corporation

Discussion in 'Stock Message Boards NYSE, NASDAQ, AMEX' started by T0rm3nted, Apr 25, 2016.

  1. T0rm3nted

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    [​IMG]
    Xerox Corporation (XRX) is an American global corporation that sells business services and document technology products. Xerox is headquartered in Norwalk, Connecticut (moved from Stamford, Connecticut in October 2007), though its largest population of employees is based around Rochester, New York, the area in which the company was founded. The company purchased Affiliated Computer Services for $6.4 billion in early 2010. As a large developed company, it is consistently placed in the list of Fortune 500 companies.

    Researchers at Xerox and its Palo Alto Research Center invented several important elements of personal computing, such as the desktop metaphor GUI, the computer mouse and desktop computing. These features were frowned upon by the then board of directors, who ordered the Xerox engineers to share them with Apple technicians. The features were taken on by Apple and, later, Microsoft. Partly thanks to these features, these two firms would then go on to duopolize the personal computing world. Xerox also invented Ethernet.
     
  2. T0rm3nted

    T0rm3nted Moderator
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    Down over 13% today. I remember about 3-4 weeks ago when Cramer was talking about this one on Mad Money saying it was headed up to $13
     
  3. T0rm3nted

    T0rm3nted Moderator
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    Reported before open today (4/26/16)
    Earnings: EPS $0.22 Revenue $4.28B
    Estimates: EPS $0.23 Revenue $4.24B
     
  4. T0rm3nted

    T0rm3nted Moderator
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    Could be a decent short opportunity with a tight stop a little above the 50MA. Gotta break through the resistance of the 200MA and the 50MA in order to hit the stop. Target price between $8.50 and $9.00 depending on how greedy you are.

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  5. T0rm3nted

    T0rm3nted Moderator
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    Another possible short opportunity on this one. Bearish MA crossover and MACD crossover. MA's will act as resistance as well.

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  6. T0rm3nted

    T0rm3nted Moderator
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    Analyst Upgrade/Downgrade Update

    Brokerage firm: Morgan Stanley
    Change: Downgrade
    Previous Rating: Equal weight
    Current Rating: Underweight
    Previous Price Target: N/A
    Current Price Target: N/A
     
  7. T0rm3nted

    T0rm3nted Moderator
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    Recent Insider Trading:

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  8. T0rm3nted

    T0rm3nted Moderator
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    Sitting at resistance right now after a huge gap up today. Also overbought after today.

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  9. aaa

    aaa Member

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    XRX up 20% Tue. On CNDT spin-off completion. Markets cheer increased prospects of higher margins, cashflow, growth.
     
  10. T0rm3nted

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    Down 1% heading into earnings tomorrow morning before the open. To me, missed earnings looks like it has a downside of $6.20-$6.50. Probably not going to pull the trigger, but considering a short headed into earnings.

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  11. StockJock-e

    StockJock-e Brew Master
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    Any whisper numbers on the earnings?
     
  12. T0rm3nted

    T0rm3nted Moderator
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    Took a small short position at $6.92 for earnings tomorrow morning.
     
  13. StockJock-e

    StockJock-e Brew Master
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    Whats your target here?
     
  14. T0rm3nted

    T0rm3nted Moderator
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    Hoping for a miss, and targeting somewhere between like $6.25-$6.50. See the blue rectangle in the picture below.

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  15. T0rm3nted

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  16. T0rm3nted

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    Closed at $6.76 for a small profit. I waited too long to take profits, but still locked in 2.5% on a 1-day trade. Not my usual style of trading, but there's a few companies I don't really believe in so sometimes I'll gamble at earnings.
     
  17. T0rm3nted

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    Sitting at resistance now

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  18. OldFart

    OldFart Well-Known Member

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    4% + move?...crazy
     
  19. A55

    A55 Well-Known Member

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    Can this be the turnaround? Does anyone have confidence in Icahn?
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