268.75 -0.47 (-0.17%)
After hours: 4:49PM EDT
|Bid||268.75 x 900|
|Ask||269.22 x 900|
|Day's Range||268.97 - 275.06|
|52 Week Range||197.46 - 323.20|
|Beta (3Y Monthly)||0.29|
|PE Ratio (TTM)||17.77|
|Earnings Date||Jun 13, 2019|
|Forward Dividend & Yield||10.60 (3.33%)|
|1y Target Est||316.79|
(Reuters) - Global technology companies, including chip suppliers, are cutting off their ties with China's Huawei Technologies Co after the Trump administration put the world's largest telecom equipment ...
How Tech Stocks Are Performing amid US-China Face-OffTrade talksThe US-China trade talks, which seemed headed in the right direction until last month, have come to a standstill. Earlier this month, US President Donald Trump accused China of going
We often see insiders buying up shares in companies that perform well over the long term. On the other hand, we'd be...
Understanding the Impact of Trump’s Huawei Ban on US StocksHuawei banLast week, Donald Trump blacklisted Chinese telecom giant Huawei Technologies amid rising US-China trade tensions, restricting US companies’ transfer or supply of any
Broadcom Impacted by US FTC Probe and Huawei BanBroadcom stock fell 7% Broadcom (AVGO) is the world’s largest communications chip company. Broadcom is known for growing through acquisitions. The company is facing tough times amid the US-China
A new reports suggests that investigators with the U.S. Federal Trade Commission had widened their antitrust investigation into the San Jose-based chipmaker.
The market started yesterday's action in the hole, and was content to end it there, essentially where it started. The S&P 500 ended the day down 0.67%, with trade tensions still weighing on investors' confidence.Source: Allan Ajifo via Wikimedia (Modified)Qualcomm (NASDAQ:QCOM) led the way lower, falling almost 6% on the heels of news that the ban on deals with China's tech company Huawai would hit it particularly hard. Broadcom (NASDAQ:AVGO) fell almost as much for the same reason.There were some winners though. Chief among them was Sprint (NYSE:S), up almost 19% after FCC Chairman Ajit Pai commented he was in favor of its intended merger with T-Mobile US (NASDAQ:TMUS).InvestorPlace - Stock Market News, Stock Advice & Trading Tips * 10 Baby Boomer Stocks to Buy None are great prospects headed into Tuesday's session, however. Rather, it's the stock charts of DISH Network (NASDAQ:DISH), WellCare Health Plans (NYSE:WCG) and Synopsys (NASDAQ:SNPS) worth closer looks. Synopsys (SNPS)Sometimes it takes one last big, high-volume selloff called a capitulation to get a new uptrend started. Other times, the opposite applies. It takes what looks to be a heating up of an already impressive rally to kickstart an overdue pullback.That appears to be what's materialized for Synopsys over the course of the past few days. For the better part of last week, it looked like it could do no wrong. As of yesterday though, it's breaking down key technical support in a rather decisive fashion. Click to Enlarge * Monday's close below the purple 50-day moving average line is a red flag, but made even more alarming by the fact that the stock jumped to new 52-week highs on a volume surge on Thursday. * Zooming out to a weekly chart we get a feel for just how overextended the rebound from early in the year was. Up more than 50% for the four-month stretch, profit-takers are getting antsy. DISH Network (DISH)A couple of weeks back, DISH Network moved onto traders' radars as a bullish candidate thanks to its so-called 'golden cross,' where the 50-day moving average line moves back above the 200-day moving average. Shares ended up bumping into an established ceiling around $35.55 though, setting the stage for what ended up being a sizeable intraday pullback on Monday.The nature of that stumble and what happened in the middle of yesterday's action, however, sets the stage for not just more bullishness, but the breakout thrust that couldn't get going in earnest a month ago. * 7 ETFs for Healthy Healthcare REITs Click to Enlarge * The sheer height and shape (and placement) of Monday's bar is the key. All it took was a kiss of the gray 100-day moving average line to chop the intraday loss in half. * The volume spike is another key clue of potential bullishness. The mass migration in and out of the stock suggests all the would-be sellers and weak hands were flushed out. * The clinchers for the clue are a follow-through break above the near-term ceiling around $35.55 and then last year's high around $37, marked in yellow on both stock charts. WellCare Health Plans (WCG)With nothing more than a quick glance, WellCare Health Plans just looks like a volatile, indecisive stock. And, perhaps that's all it is. There has been more method to the madness of late than it seems with just a superficial glance though, and the bullish argument got even better last week, and better still on Monday. There's just one proverbial fly in the ointment.The recent buy signal is last week's cross back above the 200-day moving average line, plotted in white on both stock charts. That line appeared to serve as support yesterday. Click to Enlarge * At the same time, WCG shares are logging higher lows. * Although impressively bullish since late last week despite the marketwide bearish tide, the bullish volume is thin and waning. * The line to watch from here is just under $290, where WellCare Health Plans peaked a couple of times since the beginning of the year. That ceiling is marked in red on both stock charts. * The long-term uptrend has been bullish for years, driven by a rising support line that extends back to 2016.As of this writing, James Brumley did not hold a position in any of the aforementioned securities. You can learn more about James at his site, jamesbrumley.com, or follow him on Twitter, at @jbrumley. More From InvestorPlace * 4 Top American Penny Pot Stocks (Buy Before June 21) * 7 Stocks to Buy for Over 20% Upside Potential * 5 Large-Cap Stocks Holding Steady Amid Trade War Concerns * 7 ETFs for Healthy Healthcare REITs Compare Brokers The post 3 Big Stock Charts for Tuesday: Synopsys, DISH Network and WellCare Health Plans appeared first on InvestorPlace.
Shares of chipmakers rebounded from a sell-off on Tuesday after the U.S. temporarily eased some trade restrictions on China's Huawei.
A Look at NASDAQ’s Worst Performers YesterdayNASDAQ 100On May 20, the NASDAQ 100 Index continued to tank for the second consecutive day. In the last couple of days combined, it has lost nearly 3%. In the weeks ended May 10 and May 17, the NASDAQ
Marvell (MRVL) aims to enhance its product portfolio with the impending acquisition of Avera Semiconductors, which is expected to close by January 2020.
Stock futures signaled solid market gains as the U.S. eased Huawei curbs. On Monday those curbs triggered a big sell-off in chip stocks like Broadcom and sent the Nasdaq tumbling.
Post U.S. blacklist, Google denied Huawei access to certain updates to the Android system. Here, we study the impact of the ban on some semiconductor ETFs with exposure to Huawei's key U.S. suppliers.
Global equity markets fell on Monday as a U.S. crackdown on China's Huawei Technologies led chipmaker stocks in Europe and on Wall Street to slide on fears of a widening trade war, while the dollar was steady before fresh insight on the Federal Reserve's interest rates policies this week. China accused the United States of harbouring "extravagant expectations" for a trade deal, underlining the gulf between the two sides as the U.S. action last week against Huawei began to hit the global tech sector. Alphabet Inc's Google suspended some business with Huawei, Reuters reported, and Lumentum Holdings Inc, a major supplier of Apple Inc's face ID technology, said it had discontinued all shipments to Huawei.
U.S. stocks slid on Monday as the White House's restrictions on Chinese telecoms equipment maker Huawei Technologies Co Ltd weighed on the technology sector and raised concerns that the move would further inflame trade tensions between the United States and China. Since the White House added Huawei to a trade blacklist last week, several companies have suspended business with the world's largest telecom equipment maker.
The markets opened the week with more losses, with trade-war worries still on investors' minds. In particular, semiconductor stocks took a hit, but on the flip side, financials showed some resilience. It's a tricky market in the short term and one investors need to be careful with. Let's look at some must-see stock trades for Tuesday. Must-See Stock Trades 1: T-Mobile Click to EnlargeThe FCC chairman gave his OK for the T-Mobile (NASDAQ:TMUS) and Sprint (NYSE:S) merger, sending shares higher by 3.7% and 22%, respectively. It's one more step in getting the deal done. InvestorPlace - Stock Market News, Stock Advice & Trading TipsTMUS shares are jumping to new 52-week highs and over channel resistance on Monday. Interested buyers who were waiting for some clarity before getting long now have their chance. A pullback into prior channel resistance -- now near $77 -- could be their opportunity to get long. * 7 High-Yield REITs to Buy (Even When the Market Tanks) A larger correction down to channel support and the 50-day moving average may also be an advantageous spot to initiate a position. Must-See Stock Trades 2: Broadcom Click to EnlargeBroadcom (NASDAQ:AVGO) stock has been hammered over the past few sessions. The stock fell 6% on Monday and has shed 10.5% over the last three trading days. Where will it bottom? I'm watching to see if AVGO will get down to $260. This $256 to $260 area has been notable over the past year, while the 50% retracement for the one-year range is at $257.70. Further, the 200-day moving average is just below at $253.76 and trending higher. While AVGO already sports an attractive dividend yield of more than 3.9%, that yield would surpass 4% on a pullback to $260. Finally, shares are entering an overbought condition. While I don't really want to dabble much with stocks that could get caught in the trade-war crosshairs, this level offers a reasonable risk/reward in Broadcom stock. Must-See Stock Trades 3: Burrito Breakout? Click to EnlargeChipotle Mexican Grill (NYSE:CMG) is flirting with a potential breakout right now. We highlighted this stock as an important one to watch given how strong it has been in the face of market-wide weakness. Learn to spot the stocks showing relative weakness. In any regard, the $721 level has kept a lid on CMG stock since April, but now shares are pushing through. Coupled with a series of higher lows and all of CMG's moving averages trending higher, and this one looks good for more upside. Look for a slightly lower open on Tuesday to see if CMG maintains or recovers this $721 level. A quick recovery likely sends it to new highs. A false breakout could send shares down to the 50-day. Must-See Stock Trades 4: AT&T I like AT&T (NYSE:T) for its cash flow and dividend, but the stock's aggressive rally on Monday morning certainly caught my eye. The stock has been moving much better over the past few sessions and Monday morning's 4% jolt was nice… at least while it lasted. Click to EnlargeT stock has since given up most of those intraday gains, as the 200-week moving average is -- for now at least -- keeping a lid on the stock. A weekly close over $32.31 would gives us confidence more gains can be had. Otherwise, we'll have to see how T does on a pullback into the $30.40 to $31.40 area and see if it can put in another higher low. AT&T has been doing well, but Monday's pop-and-flop is a bit discouraging. Must-See Stock Trades 5: Stitch Fix Click to EnlargeUp 5% on the day and Stitch Fix (NASDAQ:SFIX) is looking better. However, the stock is far from out of the woods. Shares are lodged in a downtrend and are bouncing off channel support on Monday. I first want to see if SFIX can push through the $24 to $24.35 area. If it can, it sets up a test of its 20-day moving average and channel resistance near $25.32 to $25.50. Above that and it can gain some real momentum, but for now, I'm in the wait-and-see camp rather than the benefit-of-the-doubt camp. * 7 Stocks to Buy for Over 20% Upside Potential If $24 to $24.35 is resistance, look for another test of channel support. Bret Kenwell is the manager and author of Future Blue Chips and is on Twitter @BretKenwell. As of this writing, Bret Kenwell is long T. Compare Brokers The post 5 Must-See Stock Trades for Tuesday: TMUS, CMG, T, AVGO appeared first on InvestorPlace.
The Trump administration's latest ban on Huawei has slammed shares of these U.S. companies, who are major suppliers to Chinese telecom giant Huawei.
The Federal Trade Commission is seeking evidence that Broadcom’s conduct harmed competition in Wi-Fi and switch-chip markets, according to a civil investigative demand issued last week and obtained by Bloomberg News. The document, which is akin to a subpoena, shows that enforcers are now targeting the vast majority of Broadcom’s chip business. Broadcom is one of the biggest suppliers of Wi-Fi technology used in smartphones and home routers and gateways, giving its chips a crucial role in the way the consumers get online.