64.51 0.00 (0.00%)
After hours: 4:57PM EDT
|Bid||64.59 x 800|
|Ask||64.58 x 1100|
|Day's Range||63.75 - 65.79|
|52 Week Range||30.00 - 67.15|
|Beta (3Y Monthly)||1.52|
|PE Ratio (TTM)||N/A|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||N/A|
ON Semiconductor's (ON) strength in automotive sensors favors adoption, which in turn is expected to bolster revenue growth in the days ahead.
Here we have picked five semiconductor stocks that are poised to gain from the emerging opportunities in IoT, 5G wireless technology and autonomous automobiles.
CEO of Ambarella Inc (30-Year Financial, Insider Trades) Feng-ming Wang (insider trades) sold 60,000 shares of AMBA on 09/04/2019 at an average price of $59.18 a share. Continue reading...
Ambarella (AMBA) has been upgraded to a Zacks Rank 2 (Buy), reflecting growing optimism about the company's earnings prospects. This might drive the stock higher in the near term.
Ambarella Inc (NASDAQ: AMBA ) stock continued to surge Friday after the camera chip maker posted a second-quarter revenue and earnings beat. KeyBanc Capital Markets raised its revenue estimates for Ambarella ...
Video processing chipmaker Ambarella pleased investors with its fiscal second-quarter results that showed progress in the company's transition to a supplier of computer vision systems.
It wasn't a great session for the stock market today. But after rallying most of this week, it's hard for bulls to complain too much heading into the long holiday weekend. The SPDR S&P 500 ETF (NYSEARCA:SPY), SPDR Dow Jones Industrial Average (NYSEARCA:DIA) and PowerShares QQQ ETF (NASDAQ:QQQ) each tacked on over 2.5% on the week.Believe it or not, we'll have just four more months to go in 2019 by the time the stock market reopens for trading on Tuesday, Sept. 3. The holiday-shortened trading week may result in lower-than-usual volume thanks to Labor Day.InvestorPlace - Stock Market News, Stock Advice & Trading Tips Mapping Out the Stock MarketInvestors shouldn't be surprised with Friday's weakness for most of the session. Not only are we going into a long weekend in the midst of a trade dispute between the world's two largest economies, but the range continues to be in play.We talked about this range extensively earlier this week, and on Friday before the open, I even warned about it on Twitter. At some point, the range will give way and stocks will either start probing lower levels or testing higher prices. But until that happens, the range must be respected.For a refresher, here is the updated chart. Notice how the S&P 500 continues to bounce between support and resistance, and how the 50-day moving average is now acting as resistance? Something needs to give for there to be a change in the market's direction.The best advice is to keep it simple -- and the chart above is pretty darn simple. Is a Recession Coming in 2020?Trade concerns have been hurting stocks, but almost more potent has been the overnight experts in yield curve observation. I'm not saying an inverted yield curve is no big deal, but when my investment-less cousin starts asking about it, I know the news is beyond saturated.In January, the Wall Street Journal asked 50 economists for their estimates on the 10-year U.S. Treasury bond yield for mid-year. By June, 10-year Treasurys were yielding 2.1%, with not one of those economists forecasting less than 2.5% -- both for June or by year-end.So suddenly we should start trusting their estimations now that the yield curve is becoming even harder to predict and the Federal Reserve is changing gears? I don't know about that.The recession odds in the next 12 months rose to 35% earlier this month, but an even more specific call comes from Stifel. They say the U.S. may see a recession in May 2020. Further, the analyst says the stock market could experience its big selloff in December.Again, a recession in totally possible. But these are pretty specific calls and while it doesn't hurt to know the odds and follow them closely, be careful putting too much weight in any one observation. Remember, economists went 0-for-50 predicting the 10-year yield in six months time. Who's to say they'll be right about the next six to 12 months. Ulta Needs Some MakeupBoy, it was a doozy for Ulta Beauty (NYSE:ULTA), one of the top movers in the stock market today.The company missed on earnings and revenue, reported shrinking profitability and lowered its outlook. That'll get you a few bruises and a near-30% hammering. Despite the fall though, shares are still not at new 52-week lows. Closing at $237.73, Ulta will need to crack $224.43 on the downside to do that. * The 8 Worst Stocks to Buy Before the Trade Turmoil Cools Off Earnings of $2.72 per share missed estimates by 8 cents, while revenue of $1.67 billion missed estimates by $10 million, despite growing 12.1% year-over-year.While comparable-store sales grew 6.2%, it was short of estimates looking for 6.7% growth. Gross margins results missed estimates, while management slashed its full-year earnings outlook to a midpoint of $11.96 per share. That's down from the prior midpoint of $12.93 per share and below consensus expectations at $12.97 per share. Movers in the Stock Market TodayMost of Friday's movers were related to earnings.Ambarella (NASDAQ:AMBA) tacked on almost 18% after beating earnings and revenue and providing solid guidance.Campbell Soup (NYSE:CPB) also beat earnings and revenue estimates, rising nearly 4%. While shares enjoyed a solid breakout, they were rejected off stiff resistance.Dell (NYSE:DELL) tacked on 10.2% after its strong top- and bottom-line results.(By the way, AMBA, CPB and DELL were three of today's Five Top Stock Trades).Not all was good news though. Yext (NYSE:YEXT) stumbled 14% despite beating on earnings and revenue estimates after guidance disappointed investors.Interestingly, Workday (NASDAQ:WDAY) fell 5.5%, despite beating on top- and bottom-line estimates, providing strong third-quarter guidance and raising its full-year outlook. Hmm.Lastly, Chesapeake Energy (NYSE:CHK) gave up all of its prior session gains, falling about 6.5% on Friday. The stock initially rallied on speculation regarding Hurricane Dorian on Thursday.Bret Kenwell is the manager and author of Future Blue Chips and is on Twitter @BretKenwell. As of this writing, Bret Kenwell did not hold a position in any of the aforementioned securities. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * The 8 Worst Stocks to Buy Before the Trade Turmoil Cools Off * 7 'Strong Buy' Stocks to Beat Volatility * 7 Mega-Cap Tech Stocks on a Rebound Now The post Stock Market Today: 2020 Recession Odds; Ulta Pummeled appeared first on InvestorPlace.
Bulls wouldn't go down without a fight, but they weren't strong enough to keep the markets elevated heading into the long holiday weekend. Here are our top stock trades after a busy Friday. Top Stock Trades for Tomorrow 1: Campbell SoupCould the setup "be" any more perfect in Campbell Soup (NYSE:CPB) for earnings?InvestorPlace - Stock Market News, Stock Advice & Trading TipsOkay, so moving on from our very touching Friends tribute as it approaches its 25-year anniversary in a few weeks, the setup really was perfect in CPB.Shares were forming a tight ascending triangle, a bullish technical pattern where rising uptrend support squeezes the stock against a static level of resistance. That resistance was in play around $42.50. * 7 Stocks to Buy Down 10% in the Past Week CPB exploded over that level on Friday, racing up to $48 where it hit stiff, multi-year resistance.I would love to see the stock maintain above the 200-week moving average now and build on its recent momentum in the holiday-shortened trading week to start September. If it can, look to see if we get another run up to $48. On a retreat, see that $42.50 holds as support, as well as the 10-week moving average. Top Stock Trades for Tomorrow 2: AmbarellaAmbarella (NASDAQ:AMBA) is also putting together a strong rally on Friday, up almost 20% on the day. The move vaults shares over $50 resistance and the 200-day moving average at $48.80.Bulls now must see these two levels hold as support. Further, the stock now has room to rally up to $65, another 15% above current levels. Top Stock Trades for Tomorrow 3: Marvel TechnologyFirst it was up, then it was down, then Marvel Technology (NASDAQ:MRVL) was near flat going into Friday's close.The stock was rejected by the 20-day and 50-day moving averages, as well as downtrend resistance (blue line). Investors now need to see $23 hold as support. If it holds, a retest of resistance is in the cards.If it fails, the May lows at $21.25 may be on the table. Further, the 200-day is down at $21 and rising, while the 50% retracement is near $21 as well. Over $25 and MRVL can gain upside momentum. Top Stock Trades for Tomorrow 4: Dell TechnologiesDell Technologies (NYSE:DELL) is jumping almost 10% on the day, but is now ping-ponging between a few key levels.The good news: Dell stock is back over the 20-day moving average and the key $50 level. It's also out of that nasty downtrend channel (blue lines).The bad news: The 50-day moving average and the 61.8% retracement both rejected Dell stock, sending shares lower.Bulls now needs to maintain above $50 and the 20-day moving average. If they can, it will increase the odds of taking out Friday's high, and thus the 50-day moving average and 61.8% retracement. From there, it puts $58 back on the table.Bears need to crack $50 and the 20-day, putting $46 back on the table. Top Stock Trades for Tomorrow 5: Big LotsLike Dell, Big Lots (NYSE:BIG) is bouncing between a few key levels on the charts. Unlike Dell though, BIG is not ending the day on a high note. Shares are up more than 2% and above $22.50, but are well off session highs at $25.74.Shares were promptly rejected from the key $25.50 to $26 area, as well as the 50-day moving average.While up on the day, the action was not very encouraging. If it can maintain above the 20-day moving average and downtrend resistance (blue line), bulls still have a case to make. * The 8 Worst Stocks to Buy Before the Trade Turmoil Cools Off However, I'd much rather wait to see BIG over the 50-day moving average, putting $26 back on the table. Below the 20-day and $20 is on the table.Bret Kenwell is the manager and author of Future Blue Chips and is on Twitter @BretKenwell. As of this writing, Bret Kenwell did not hold a position in any of the aforementioned securities. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * The 8 Worst Stocks to Buy Before the Trade Turmoil Cools Off * 7 'Strong Buy' Stocks to Beat Volatility * 7 Mega-Cap Tech Stocks on a Rebound Now The post 5 Top Stock Trades for Tuesday: CPB, AMBA, MRVL, BIG appeared first on InvestorPlace.
The Dow Jones was mostly flat Friday afternoon, but Nasdaq 100 component Western Digital could be ready to break out from a bottoming base.
Ambarella (AMBA) closed at $47.37 yesterday, 4.99% higher than on August 28. AMBA is already up 19.06%, trading near $56.40 in today's premarket session.
Amberalla and Dell Technologies were winners, Ulta Beauty the big loser, early Friday as the Dow Jones today aimed to end August on a positive note.
Ambarella's (AMBA) second-quarter fiscal 2020 earnings and revenues decline year over year due to hostile macroeconomic conditions. However, stabilizing security camera business is a positive.
Futures rose on China trade war hopes, signaling a 50-day test for the stock market rally. Apple and Microsoft ed bullish action Thursday.