Skyworks Solutions received a price target increase on Thursday based on better-than-expected handset demand from Apple (NASDAQ:AAPL) and Samsung.
Pacific Crest Securities, which has an outperform rating on Skyworks (NASDAQ:SWKS) stock, raised its price target to 90 from 75.
"Based on recent carrier surveys and supply-chain conversations, we believe Apple is on track to ship 70 million iPhones in the fourth quarter," Pacific Crest Securities analyst John Vinh said in a research report Thursday. "Additionally, Samsung demand seems to be stabilizing based on a significant reduction in inventories and stable sell-through of the GS5 (smartphone) and Samsung Galaxy Note 4."
After crude prices dropped 49 percent in six months, oil projects planned for next year are the undead -- still standing upright, but with little hope of a productive future. These zombie projects proliferate in expensive Arctic oil, deepwater-drilling regions and tar sands from Canada to Venezuela.
In a stunning analysis this week, Goldman Sachs found almost $1 trillion in investments in future oil projects at risk. They looked at 400 of the world's largest new oil and gas fields -- excluding U.S. shale -- and found projects representing $930 billion of future investment that are no longer profitable with Brent crude at $70. In the U.S., the shale-oil party isn't over yet, but zombies are beginning to crash it.
Like I said yesterday it isn't as though Beijing hasn't been saying they were concerned with corruption, money laundering, capital flight, and economic diversity in Macau all along. The emphasis on all of the above has just become more intense. What surprises me more than anything is the effect the government's actions has had on mass growth. An effect I think it is safe to say that came as a surprise to the analysts and to the casino management teams as well. I mean would LVS have been spending millions to buy its stock back $30 ago if they saw what was coming?
Looking ahead the two central questions are,1. is the "if you build it they will come" theory as it pertains to mass gaming wrong or right? 2. If measures to greatly increase monitoring of VIP play have become institutionalized as they appear to have been what happens to VIP from here?
The earnings of the gaming sector companies depends on how those questions get answered and thus their p/e's. Currently the assumption of most (the accuracy of which is clearly questionable) is GGR begins to pick up in the second half of 2015 and turns positive for the year in 2016. If it happens that way I think the multiples return to the historic range of the high teens to low 20's. Based on Sterne Agee's 2015 EPS estimate that puts the stock at about $30, not a bad gain from $22.
Those of us hoping Santa would bring a $75 price before 2014 ends may just get our wish. Depending, that is, on the price of oil. Merry Christmas.
Do you see the irony in making a comment like that given the hundreds of posts the cabal has written with both overt and more subtle expressions of racism? Is it so difficult to imagine in a country full of people like you, though I hope you represent the minority, the Obama's would have experienced racism up close and personal?
The truth is they are not desperate to invent instances where they have experienced racism, the cabal is desperate to deny they or any black person has for reasons too numerous to mention.
That's the title of an article posted at CNBC. The market is supposed to work this way. A glut in something is supposed to cause a slowdown in production. IF oil's slide has stopped perhaps SUNE can begin trading based on how the business is #$%$ and not on how someone else's business is doing having zero impact on SUNE.
Hey nitwit, do you suppose this............
Michelle Obama was on the honor roll for four years, took advanced placement classes, was a member of the National Honor Society, and served as student council treasurer. She graduated in 1981 as the salutatorian of her class...........
had something to do with her getting admitted to Princeton? Is it impossible for you to acknowledge she was deserving on the merits? Are you so bigoted that you think she graduated from Harvard Law because she was given special consideration?
The cabal's abject racism just wears me out.
In his first comments on policy since declaring he is running........ah......declaring he is looking in to running, he virtually read right off the nitwit talking points by accusing Obama of executive over reach regarding the admin's action on Cuba relations. I was hoping for something more from the presumptive GOP nominee. Like a sign he can think for himself. Oh well, what can you expect from a Bush?
There is one thing I'm going to have to insist you not do if we are going to proceed. You need to stop telling me what I think.
"By being a "Progressive" and supporting all of the "progressive" stances, you, by default, place yourself in the camp of Ben Carlson haters."
I don't know anything about the guy other than he has appeared regularly on a cable station known to serially misinform its audience.
I didn't see the quotes you referred to that you posted. Can you paste them in to this thread?
Then perhaps you would like to give me an example of a Marxist policy Obama is "devoted" to so we can hash this out.
"The basic reason is that you love big government: the bigger the -- read all of your (excessive) missives, and the core themes are: America is bad, democracy is bad, anyone other than a socialist is stupid."
How are we to have a constructive discussion of any kind when you completely misrepresent everything I believe in and everything I have ever written on this board? IMO the reason you do that is you can not defend any position you hold without trying to make mine far more extreme than they are. Furthermore, why do people like you insist on claiming elected officials being called out for illegal behavior or abuses of power makes me think America is bad. Could it be because Rushbo repeats the same claim over and over and you are too simple minded to question what he says?
Just as the SC ruled on Citizen's United in ways that went far beyond the scope of the matter before them this judge, who has been repremanded numerous times for questionable actions, took it upon himself to make a ruling having nothing to do with the case at hand.
"The Tuesday ruling became the latest controversy for Schwab, whose decision quickly faced criticism from the American Immigration Lawyers Association. The criminal case before him was about an undocumented immigrant who was prosecuted for illegally re-entering the country after he was removed. AILA pointed out that neither side had asked the court to weigh in on Obama's executive actions; Schwab did so on his own without holding a hearing on the president's actions, the group said.
"It’s shocking that a federal judge would use an unrelated criminal case to take it upon himself to declare the lawful, discretionary decisions of a sitting President
unconstitutional," AILA's president, David Leopold, said in a statement."
It will be reversed.
UPDATE: South China Morning Post’s story is no breaking news, according to Credit Suisse‘s Kenneth Fong and Isis Wong, who questioned the validity of the newspaper’s claims.
“We checked with several sources including banks, pawn shops and casinos, none of them has heard of the notice and the new measures. One of the Macau based Chinese bank management we talked to said he has NOT received such a notice from the Macau monetary authority,” according to the analysts.
The chance of an electronic tracking of UnionPay transactions is also low:
Union pay is a form of China debt card. As such, all the Union Pay transactions should already be recorded in both China and Macau banks. We believe that if the China authority wants to monitor suspicious transactions, they don’t need to involve the Macau Monetary Authority as stated in the news article. For example, we heard several cases that the some of the players’ China bank accounts are frozen for people having consistent and big transactions in Macau. Besides, there are already existing procedures in place in the Macau banking system to monitor suspicious transactions. As such, we believe this is not a new procedure.
For the transactions going through Union Pay, the pawn shops will normally charge a 3-5% transaction costs. As such, Union Pay is an expensive way to transfer a large amount of money out of China. In fact, for most of the Macau VIP, they normally use the credit junkets extended to gamble instead of transferring physical cash through Union Pay. This is the same case for high end premium mass players. As such, if the authority really wants to target the big and suspicious monetary transactions or the “tiger” mentioned in the article, Union Pay may not capture those.
Beijing has long had an interest in capital flight/money laundering involving Macau. So too the involvement of some shady junkets in facilitating the transfer of funds out of the country. They have also made it known for some time they want truly integrated resorts in Macau with more to offer than gaming. So to a large extent what we are seeing, even with the "anti-corruption campaign," is not really new, just a heavier emphasis on the SOS.
So I am not trying to say all is lost. This is not a OMG moment that is going to crush the concessionaire's stocks largely because they have already fallen so much.
It should be noted that while 2015 GGR growth is predicted to be negative it is also predicted to pick up in the back half and return to single digit growth in 2016.
To me all that stuff means I have to decide if I'm willing to accept MPEL is dead money for at least another quarter unless an unexpected turn occurs in Q1. MPEL did not trigger my stop loss order so I am still in and hoping for the best. I just think all of us making what seemed like a sure thing bull case 9 months ago need a little humility. None of the reasons to continue to be long the sector promoted by you have kept the fundamentals from deteriorating for 3 quarters. That is the reality whether the analysts are worth a darn or not.
Investors know oil could lose $2 tomorrow and SWKS will (stupidly) go down with the market reaction so they are reluctant to buy. However, the growth story remains intact.
Maybe the guy should have included the caveat that SUNE's stock will not reach its potential as long as the nitwits programming the algo trades tell the computers to sell solar when oil declines.
Analysts remain sceptical. Predicting Macau’s gaming revenue is unlikely to grow in 2015. Opening new hotels is not enough to offset negative market growth, they say.
New development properties opening in Cotai in the second half of next year may not be enough to offset the negative market growth expected for 2015.
Analysts at Wells Fargo Securities, LLC said in their latest note to clients that trends are still ‘decelerating sequentially’ making it unlikely that the gaming market in Macau will grow in 2015.
‘We and other long-term bulls still believe incremental hotel rooms will drive demand in 2015. However, if trends continue to decelerate, the expected improvement in demand from the incremental 3,000 hotel rooms from Galaxy and Studio City in the second half of 2015 (13 per cent growth) may not be enough to offset the negative market growth we expect in the first half of 2015,’ analysts said.
So far this month, initial results have been disappointing and based on checks of the average daily revenue casinos raked in gaming revenues could fall anywhere between 23 per cent and 27 per cent versus prior estimates of a 22 per cent drop.
while SunEdison could trade as high as $40 if management can “continue to grow its pipeline globally, drop down assets into TerraForm, and create meaningful value while continuing to efficiently manage working capital needs on its balance sheet.”