|Bid||0.00 x 900|
|Ask||0.00 x 800|
|Day's Range||46.19 - 47.12|
|52 Week Range||34.38 - 57.60|
|PE Ratio (TTM)||16.77|
|Earnings Date||Oct 24, 2018 - Oct 29, 2018|
|Forward Dividend & Yield||1.20 (2.55%)|
|1y Target Est||56.22|
Wall Street's major indexes rose on Monday on optimism over trade talks between the United States and China, though they fell from session highs after President Donald Trump criticized the Federal Reserve's raising interest rates. U.S. stocks moved lower in the last 10 minutes of the session after Trump, in an interview with Reuters, said he was "not thrilled" with Fed Chairman Jerome Powell and accused China and Europe of manipulating their respective currencies.
Nvidia erased most of Friday's losses after introducing new graphics cards for video games. Gaming is Nvidia's biggest business. Nvidia NVDA shares rose Monday after CEO Jensen Huang revealed new graphics cards that will be used for more sophisticated video games, potentially boosting the company's biggest business.
The past few weeks have been tough ones for Intel (NASDAQ:INTC) shareholders, as Intel stock has peeled back from its early June peak of $57.60 to a multi-month low near $47… an 18% setback. Not only was the market reminded of just how much good competition the chipmaker faces on all fronts, but also another batch of security flaws unique to some of its computer processors were announced. The latter, however, is something current and would-be owners of Intel stock just may not be willing to give.
What do AMAT’s earnings mean to the semiconductor industry? Applied Materials’ (AMAT) performance is an indicator of the overall semiconductor industry’s outlook, as it supplies chipmakers manufacturing equipment to build new capacity or upgrade semiconductor manufacturing technology. Semiconductor investors were already concerned that the weakness in smartphone demand and new technologies would encourage chipmakers to reduce their equipment purchases. The decline in NAND (negative AND) prices added to these concerns. AMAT’s weaker guidance for fiscal Q4 2018 fueled investors’ concerns that the chip industry’s two-year-long growth trend is beginning to slow.
Jim Douglas, whose company had been under Intel's management for the last decade, gets candid about the frustrations working under the chip giant.
Recent optimism related to global trade war concerns, a robust U.S. economy and strong earnings results are likely to pave the way for further upside of the Dow 30.
Arm, which is responsible for much of the intellectual property that powers mobile devices, radically shifts its strategy.
Yahoo Finance's Jared Blikre joins Seana Smith from the floor of the New York Stock Exchange to discuss the latest market moves.