|Bid||32.67 x 29200|
|Ask||32.63 x 29200|
|Day's Range||32.51 - 32.76|
|52 Week Range||31.55 - 39.35|
|PE Ratio (TTM)||10.95|
|Beta (3Y Monthly)||0.82|
|Expense Ratio (net)||0.59%|
In October 2017, the TFTC (Taiwan Fair Trade Commission) fined Qualcomm (QCOM) $774 million for antitrust violations. The Taiwan (EWT) FTC stated that Qualcomm did not license its modem technology to other industry players. Qualcomm appealed the fine’s amount and the calculation method, as it did not justify the revenue it had earned from Taiwan.
As the U.S. and China duke it out over the ongoing trade war disputes, other Asian economies and country-specific ETFs could benefit from the side. Some researchers argue that countries exporting similar products that compete with China could end up as beneficiaries in the trade war between the U.S. and China, the Wall Street Journal reports. For example, Bank of America Merrill Lynch economists predict Taiwan, Vietnam and South Korea have the most to gain, given the countries' similar export profiles to China.
Broadly speaking, emerging markets funds are getting slammed this year. The widely followed MSCI Emerging Markets Index, which serves as the benchmark for a slew of active and passive emerging markets funds, is down nearly 15% year-to-date.
China (FXI) is the global manufacturing hub of semiconductor and consumer electronics. The US tariffs would make goods manufactured in China expensive for US companies, encouraging them to move their operations or supply chains away from China. According to DRAMeXchange, 40% of the global server demand comes from North America as big cloud companies like Google and Amazon order in bulk.
The technology industry faced a GPU (graphics processing unit) supply shortage in Q1 2018 as crypto miners gobbled up inventory. After recovering from this shortage, the industry was hit with a CPU (central processing unit) supply shortage. Intel (INTC), the world’s largest CPU maker, has been unable to meet the unexpected growth in CPU demand.
As talks of trade war and other geopolitical factors have dominated headlines over the past several months, it has been natural for most North American investors focus their efforts on allocating capital domestically. In the paragraphs below, we'll take a look at the charts of three international exchange-traded funds (ETFs) that could be worth a closer look as we head into the final quarter of 2018. Despite the recent news that Swiss-based Novartis AG ( NVS) is laying off 2,000 employees, Switzerland is continuing its role as a hotbed for foreign investment, and on the chart of the iShares MSCI Switzerland Capped ETF ( EWL), the price has recently been able to close above the long-term resistance of its 200-day moving average.
Apple (AAPL) is adding more Asian suppliers to strengthen its negotiating power with suppliers. As we discussed in the previous article, it recently replaced some of its Taiwanese (EWT) suppliers with Chinese (FXI) suppliers to reduce production costs. In a September 5 letter to Robert Lighthizer, the United States Trade Representative, Apple CEO Tim Cook stated that the proposed tariffs would increase the prices of a wide range of Apple products such as Apple Watch, AirPods, Mac mini, and adapters and chargers for several products.
Apple (AAPL) launched its most expensive iPhones to date with the premium iPhone XS Max reaching $1,449 plus tax. Citing industry sources, DigiTimes stated that lower-than-expected sales of the iPhone XS and iPhone XS Max due to high prices could significantly impact the fourth-quarter earnings of Apple’s iPhone assembly partners Foxconn Electronics and Pegatron.
In the paragraphs below, we'll take a look at several charts suggesting that the emerging markets are in the early days of a major downtrend and that lower prices could be a consistent theme over the coming weeks or months. Retail investors who seek exposure to emerging markets commonly turn to exchange-traded products such as the iShares MSCI Emerging Markets ETF ( EEM).
Previously, we saw that Advanced Micro Devices’ (AMD) and NVIDIA’s (NVDA) discrete GPU (graphics processing unit) demand rose in June 2017 and further in January 2018 before cooling a little in March, following Ethereum prices.
In the previous part of this series, we saw that Micron Technology (MU) focused on developing value-added memory solutions like SSD (solid-state drives) and graphics memory in fiscal 2017. The advent of smart cities, smart homes, smart cars, and smart factories would require higher DRAM (dynamic random access memory) content to process large quantities of data at the edge. Apart from product technology, Micron is also developing manufacturing process technology.