|Bid||281.44 x 2900|
|Ask||282.43 x 4000|
|Day's Range||278.94 - 284.09|
|52 Week Range||197.46 - 284.09|
|Beta (3Y Monthly)||0.46|
|PE Ratio (TTM)||9.91|
|Earnings Date||Mar 14, 2019|
|Forward Dividend & Yield||10.60 (3.77%)|
|1y Target Est||292.07|
Newton Advisors Technician Mark Newton says it's time to sell tech and buy banks. With CNBC's Melissa Lee and the Fast Money traders, Tim Seymour, Brian Kelly, Dan Nathan and Guy Adami.
Jim Cramer says Skyworks Solutions, Intel, Qualcomm, Broadcom and Xilinx stand to gain from the ongoing rollout of the fifth generation of wireless communications.
Piper Jaffray’s Harsh Kumar cut his earnings estimate on the shares but reiterated his Overweight rating because of the company’s attractive valuation.
The latest series of developments in U.S.-China trade talks could be extremely promising for a select few stocks, apart from the overall boost to equity markets.
SAN JOSE, Calif. , Feb. 14, 2019 /PRNewswire/ -- Broadcom Inc. (NASDAQ: AVGO), a global technology leader that designs, develops and supplies semiconductor and infrastructure software solutions, today ...
Sweet words from Fed Chairman Jerome Powell assuring us that interest rates wouldn't be rising much this year, along with assurances from Donald Trump and others that the U.S. and China could avoid a trade war sparked the market's latest upturn, observes income expert Harry Domash, editor of Dividend Detective.
LAS VEGAS (AP) — A billionaire California tech mogul who funds "Marsy's Law" crime victim rights campaigns nationwide was hit Wednesday with felony drug charges following his arrest last summer in a Las Vegas hotel suite with what police said were briefcases full of drugs.
Avaya shifted its strategy to target software and services, and away from hardware sales, when it emerged from chapter 11 bankruptcy in 2017. Its new finance chief must now help balance investments in the company’s new direction while continuing to pay down the company’s debt, analysts said.
Alphabet Inc's Google has hired more than a dozen microchip engineers in Bengaluru, India, in recent months and plans to rapidly add more, according to LinkedIn profiles, job postings and two industry executives, as the search firm expands its program to design the guts of its devices internally. The Bengaluru site, which has not been previously reported, makes Google the first among the handful of big internet platform companies developing their own chips to establish a team for those efforts in what has become a leading hub for semiconductor design over the last two decades. Google declined to comment on the hires.
Chipmaker Qorvo Inc (NASDAQ: QRVO) reported third-quarter results Thursday that came in better than expected on the top- and bottom-line. KeyBanc Capital Markets' John Vinh maintains a Sector Weight rating on Qorvo's stock with no price target. D.A. Davidson's Thomas Diffely maintains at Neutral, price target lifted from $63 to $70.
Gannett, the publisher of USA Today, earlier this week rejected the local newspaper owner’s $12-per-share takeover bid, saying it was too low and lacked key commitments on financing and antitrust. In response to that rebuff, MNG — which is controlled by hedge fund Alden Global Capital and better known as Digital First Media — announced late Thursday that it would nominate six directors to the Gannett board. It’s highly unusual and needlessly aggressive to escalate an unsolicited takeover offer to a proxy fight after only one public bid.
Broadcom Inc NASDAQ/NGS:AVGOView full report here! Summary * ETFs holding this stock have seen outflows over the last one-month * Bearish sentiment is low Bearish sentimentShort interest | PositiveShort interest is extremely low for AVGO with fewer than 1% of shares on loan. This could indicate that investors who seek to profit from falling equity prices are not currently targeting AVGO. Money flowETF/Index ownership | NegativeETF activity is negative. Over the last one-month, outflows of investor capital in ETFs holding AVGO totaled $20.51 billion. Additionally, the rate of outflows appears to be accelerating. Economic sentimentPMI by IHS Markit | NeutralAccording to the latest IHS Markit Purchasing Managers' Index (PMI) data, output in the Technology sector is rising. The rate of growth is weak relative to the trend shown over the past year, however. Credit worthinessCredit default swapCDS data is not available for this security.Please send all inquiries related to the report to firstname.lastname@example.org.Charts and report PDFs will only be available for 30 days after publishing.This document has been produced for information purposes only and is not to be relied upon or as construed as investment advice. To the fullest extent permitted by law, IHS Markit disclaims any responsibility or liability, whether in contract, tort (including, without limitation, negligence), equity or otherwise, for any loss or damage arising from any reliance on or the use of this material in any way. Please view the full legal disclaimer and methodology information on pages 2-3 of the full report.
What about global telecom stocks that could benefit from a prolonged trade war with China? 5G, the fifth generation of wireless communication, could greatly benefit five semiconductor companies, Cramer said during his daily "Mad Money" show Wednesday. At the top of the list is Skyworks Solutions Inc (NASDAQ: SWKS), which reported unimpressive first-quarter results Wednesday but highlighted 5G as being a "tremendous catalyst," as its chips are needed to connect devices in the 5G universe.
“Right now, it’s a risk-on mentality—you want to be long riskier assets until you get a deal with China,” he said in extensive comments to Bloomberg. “You want to fade the rally into the deal—and that deal is probably going to be a watered down deal anyway,” he said.
Semiconductors are the raw materials that power the modern economy. Everything from refrigerators to wearable devices to bathroom faucets is digitized by semiconductors these days. That's where semiconductor stocks come in.The companies responsible for building the artificial brains and memory that power these devices are uniquely tuned to the vagaries of the business cycle. After the scare from the December lows, the semiconductor sector has been on a tear lately. The VanEck Semiconductor Vectors ETF (NYSEARCA:SMH) surged above its 200-day moving average this week, returning to levels not seen since early October. * 10 Monster Growth Stocks to Buy for 2019 and Beyond For investors looking to participate, there are many opportunities in both momentum plays and turnaround plays. Here are seven semiconductor stocks to watch:InvestorPlace - Stock Market News, Stock Advice & Trading Tips Xilinx (XLNX)Xilinx (NASDAQ:XLNX), inventor of the field-programmable chip and fabless manufacturing model, has enjoyed nearly a doubling in share value from the lows seen last summer and has this week pushed up and out of a multi-week consolidation range to hit new highs. Investors have had a lot to cheer about, from 30% revenue growth to a steady stream of glowing analyst coverage.The company will next report results on April 24 after the close. Analysts are looking for earnings of 95 cents per share on revenues of $825.6 million. When the company last reported on January 23, earnings of 92 cents per share beat estimates by six cents on a 33.6% rise in revenues. Skyworks (SWKS)Shares of Skyworks (NASDAQ:SWKS), maker of radio frequency components used in smartphones and other devices, are testing above their 200-day moving average this week for the first time since July. Management recently announced a new $2 billion stock buyback program after generating more than $500 million in free cash flow during the prior quarter. * The 9 Best Stocks to Invest In During a Manic Market The semiconductor stock will next report results on May 2 after the close. Analysts are looking for earnings of $1.43 per share on revenues of $810.3 million. When the company last reported on February 5, earnings of $1.83 matched estimates on a 7.6% decline in revenues. Texas Instruments (TXN)Chipmaking icon Texas Instruments (NASDAQ:TXN) is enjoying a push above its 200-day moving average, the first since September as prices rise more than 22% off of the October-December lows. Shares are on the move despite the issuance of tepid forward guidance in late January. Citigroup analysts noted that they feel downside is abating and there are multiple signs TXN shares are ready to rally.The company will next report results on April 23 after the close. Analysts are looking for earnings of $1.16 per share on revenues of $3.5 billion. When the semiconductor stock last reported on January 23, earnings of $1.27 per share beat estimates by three cents on a 0.9% decline in revenues. Broadcom (AVGO)Shares of iPhone supplier Broadcom (NASDAQ:AVGO) are enjoying an extended rise off of their 200-day moving average, testing above the prior high set in late 2017. Analysts at Cascend Securities upgraded shares back in December on high leverage to cloud revenues while Charter Equity analysts upgraded the semiconductor stock on deepening ties to tech giants like Apple (NASDAQ:AAPL) and Facebook (NASDAQ:FB). * 3 Red-Hot Stocks (And 3 That Aren't) AVGO will next report results on March 14 after the close. Analysts are looking for earnings of $5.25 per share on revenues of $5.9 billion. When the company last reported on December 6, earnings of $5.85 beat estimates by 27 cents on a 12.4% rise in revenues. Intel (INTC)Intel (NASDAQ:INTC) shares are emerging from a long consolidation range going back to last summer. The semiconductor stock is up roughly 25% from the lows seen in October as worries over things like uneven PC demand is giving way to new hopes around the global economy. There is interest in new management under CEO Bob Swan, who was promoted from the CFO position.INTC will next report results on April 25 after the close. Analysts are looking for earnings of 87 cents per share on revenues of $16 billion. When the company last reported on January 24, earnings of $1.28 per share beat estimates by six cents on a 9.4% rise in revenues. Micron Technology (MU)Shares of Micron (NASDAQ:MU) are exiting a nasty downtrend pattern that's been in play since last summer, pushing towards its 200-day moving average from below. While memory prices have been under pressure, a turnaround is expected soon as the semiconductor stock has benefited from buying interest in competitors like Western Digital (NASDAQ:WDC). * 4 Brazilian Stocks to Buy as the Emerging Market Pauses The company will next report results on March 21 after the close. Analysts are looking for earnings of $1.74 per share on revenues of nearly $6 billion. When the company last reported on December 18, earnings of $2.97 matched estimates on a 16.3% rise in revenues. Applied Materials (AMAT)Shares of Applied Materials (NASDAQ:AMAT) are closing in on their 200-day moving average for the first time since last summer, benefiting from a solid base of support near the $34-a-share level. Analysts at RBC Capital Markets recently upgraded shares to Buy, setting up a relief rebound from the 50% decline suffered from the early 2018 highs.The company will next report results on February 14 after the close. Analysts are looking for earnings of 79 cents per share on revenues of $3.7 billion. When the company last reported on November 15, earnings of 97 cents per share matched estimates on a 1% rise in revenues.As of this writing, the author held no positions in the aforementioned securities. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * Are These 7 Dividend Aristocrats ETFs Fit for a King? * 7 of the Best Emerging Markets Stocks to Buy * 5 Gold Stocks That Should Glitter in 2019 Compare Brokers The post 7 Semiconductor Stocks to Watch appeared first on InvestorPlace.
Along with many other tech companies, Micron Technology (NYSE:MU) stock has pulled off an impressive rally so far this year. Micron stock has logged a return of 29%.Among other chip makers, Intel (NASDAQ:INTC) is up 6.5% and Broadcom (NASDAQ:AVGO) is up by a similar amount. Source: Shutterstock So what happened? Why has Micron stock rallied so much? Well, there has been some bullishness on the macro level. The Federal Reserve has hinted it will hold off on raising interest rates. There have also been encouraging signs that the U.S. and China will come to an agreement on trade.InvestorPlace - Stock Market News, Stock Advice & Trading Tips * 10 Monster Growth Stocks to Buy for 2019 and Beyond But perhaps the biggest factor driving MU stock has been that negative sentiment towards the name had gotten to extreme levels. From June 2018 until December 2018, Micron stock went from $61 to $39. So it seemed like a pretty good bet that MU stock would bounce. Micron Stock And Its DRAM BusinessWhen it comes to the massive DRAM-chip industry, MU is the world leader. The company will also become a top player in the critical flash-NAND technology market. That's because MU is acquiring the shares it doesn't already own of its joint venture with INTC.The market for memory chips in general and DRAMs in particular is also highly consolidated, with a few mega players like Samsung Electronics (OTCMKTS:SSNLF) and SK Hynix. As a result, the market has not been oversupplied.Yet there is still a nagging issue: deceleration of demand. Part of the deceleration was caused by a slowdown in spending on the cloud and smartphones, as seen in Apple's (NASDAQ:AAPL) results.But China is still a major headwind for MU and MU stock. Even if China and the U.S. reach a trade agreement, China may still weigh on MU stock. The fact is that the country's economy could be at a negative turning point, as Beijing's stimulative actions have proven to be mostly ineffective.On Micron's latest earnings call, MU CEO Sanjay Mehrotra said: "As we enter calendar 2019, we are seeing weakening demand from our customers. As a result, we are taking decisive actions, including a meaningful reduction in our fiscal 2019 CapEx plan, in both DRAM and NAND that will materially reduce our supply bit growth."Note that he provided terrible guidance for fiscal Q2, indicating that MU's revenue would range from $5.7 billion to $6.3 billion. The Street, on the other hand, was looking for a much more robust $7.2 billion.Yet that should have not been too much of a surprise. Memory is a commodity business, making it subject to cyclical swings in supply and demand. Unfortunately, after several years of a nice uptrend, it looks like things are going into reverse. The Bottom Line on Micron StockThe last time the DRAM market took a hit, back in 2015, Micron stock plunged to $10, showing how brutal the segment can be.So could Micron stock suffer a similar fate in the coming year? Probably not. MU has a solid balance sheet and is working hard to reduce its capacity. The valuation of Micron stock is also fairly low, with a forward price-earnings ratio of only six, and the company has plans to buy back a whopping $10 billion of Micron stock.But all this does not mean that MU will somehow return to its glory days of 2016 to 2018. For the most part, its performance will likely be choppy as its headwinds continue to linger. So holding off on buying MU stock is probably the best course for now.Tom Taulli is the author of High-Profit IPO Strategies, All About Commodities and All About Short Selling. Follow him on Twitter at @ttaulli. As of this writing, he did not hold a position in any of the aforementioned securities. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * Are These 7 Dividend Aristocrats ETFs Fit for a King? * 7 of the Best Emerging Markets Stocks to Buy * 5 Gold Stocks That Should Glitter in 2019 Compare Brokers The post Don't Rush to Buy Micron Stock appeared first on InvestorPlace.
Price action near major resistance suggests that the bulls are taking control of semiconductors and that prices could be gearing up for a move higher.
Skyworks (SWKS) battered by unit declines across mobile business. However, the company's expanding product portfolio, growing clout in the IoT solutions and 5G markets are key catalysts.
Not a bad start for stocks this week. Though they slumped into the red early in the session yesterday, Monday's close of 2724.87 for the S&P 500 was 0.68% better than Friday's last trade. That was the best close since November. Roku (NASDAQ:ROKU) led the charge, gaining 4.9% yesterday, following through on a rebound effort that first took shape at the beginning of the year. Alphabet (NASDAQ:GOOG, NASDAQ:GOOGL) helped set the bullish pace as well, gaining 2% headed into its post-close earnings report. Sales and earnings were better than expected, but steep spending increases sent share down more than 2% in yesterday's after-hours action. Despite the broad market's ongoing gains, winners and losers continue to diverge, leaving some names at pivot points while traders figure out what to do with them. The good news is, the lines in the sand for the stock charts of Verizon Communications (NYSE:VZ), Broadcom (NASDAQ:AVGO) and Kinder Morgan (NYSE:KMI) are pretty clear. InvestorPlace - Stock Market News, Stock Advice & Trading Tips ### Verizon Communications (VZ) Back in late December, Verizon Communications had peeled back to a pivotal level. Though the bulls had finally started to push back against a pretty devastating pullback, the matter was far from settled at the time. * 10 F-Rated Stocks That Could Break Your Portfolio Incredibly enough, it's still not. Although it looked as of the bulls were taking charge after that rebound, we can look back now and say maybe they didn't. VZ stock is once again toying with the very same support levels that came into play over a month ago. Click to Enlarge • One of those technical floors is the 200-day moving average line, plotted in white on both stock charts. Verizon shares fell under that line last week, but quickly recovered. The bears are going to test that floor again though. • The make-or-break line, however, is the $52.30 mark. That's more or less the absolute low VZ has made since December, marked with a yellow dashed line. A move below that level will likely start a selloff that can't be easily stopped. • Should that selloff take shape, the rising floor just above the $50 is the most plausible technical target. The weekly chart's stochastic indicator should also fall into oversold territory at a major low. ### Broadcom (AVGO) With our last look at Broadcom back on Jan. 25, we acknowledged the break above a long-standing resistance line was a great first step, but more work needed to be done. Namely, AVGO shares needed to survive a real test and remain above that line in the sand. That's happened in the meantime. Broadcom have continued to forge ahead, shrugging off profit-taking to make good on the breakout thrust. Another line in the sand has come into play as of last week though. Click to Enlarge • The converging trading range is plotted on both stock charts with white dashed lines. AVGO broke above the upper boundary four weeks ago, and has continued to move higher. • Last week's high of around $274 isn't anything to dismiss as inconsequential. That's where AVGO has peaked a few times since early 2018; follow the yellow dashed line back in time on both stock charts. • Although potential resistance has to be cleared at $274, if that happens there's a great deal of upside to tap into. There's more than a year's worth of pent-up buying that's yet to be fully unleashed. ### Kinder Morgan (KMI) With nothing more than a quick glance at the recent chart of Kinder Morgan shares, it would be easy to jump to a bullish conclusion. The stock's up 25% from its December low, and seeming still going strong. Take a step back and look at the bigger picture though. While the rally is compelling, this is when, where and how it should be running into major technical trouble. Click to Enlarge • Monday's high around $18.40 should be uncomfortably familiar to long-term investors. That's where KMI struggled for months in the middle of last year, never able to clear it cleanly. • Though the recent rally has been impressive, in the weekly timeframe KMI shares are overbought, according to the stochastic indicator. History says Kinder Morgan shares tend to peel back once they become stochastically overbought. • Although the current move seems like it has got lots of momentum, look closely at the daily chart's volume data. The buyers have been backing off for a couple of weeks now. There's not actually a lot of investor support for KMI at its current price. As of this writing, James Brumley did not hold a position in any of the aforementioned securities. You can follow him on Twitter, at @jbrumley. ### More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 7 S&P 500 Stocks to Buy That Tore Up Earnings * 10 Cold Weather Stocks to Heat Up Your Returns * The 7 Best Penny Stocks to Buy Compare Brokers The post 3 Big Stock Charts for Tuesday: Broadcom, Kinder Morgan and Verizon Communications appeared first on InvestorPlace.