|Bid||0.00 x 2200|
|Ask||0.00 x 800|
|Day's Range||52.06 - 54.64|
|52 Week Range||42.86 - 69.29|
|Beta (5Y Monthly)||0.96|
|PE Ratio (TTM)||11.12|
|Earnings Date||Apr 22, 2020|
|Forward Dividend & Yield||1.32 (2.38%)|
|Ex-Dividend Date||May 05, 2020|
|1y Target Est||63.33|
The first major cancellation came back on Feb. 12, when organizers of the Mobile World Congress—one of the year’s largest tech conferences—canceled the event scheduled for Barcelona, Spain. On March 11, the National Basketball Association announced it was suspending its season.
The semiconductor giant has beaten earnings estimates in 24 consecutive quarters, but the stock is trading well below its 52-week high.
Intel Corp. seems better positioned than peers to weather the challenges of COVID-19, according to a Bernstein analyst, and that could be reason enough to look past the company’s “structural issues.”
Intel has made several announcements of capital and safety items it is donating to communities where it operates.
Revenue and profit estimates for the semiconductor industry continue to ratchet lower, amid a range of both supply-chain and demand issues.
Micron Technologies (NASDAQ:MU) stock is proof there is life after the coronavirus from China.Source: Charles Knowles / Shutterstock.com The memory chip maker surprised analysts by earning $405 million, 36 cents per share, on revenue of $4.8 billion for the quarter ending in February. This coincided with the heart of the pandemic in China and Taiwan, where many of its biggest customers are located.While revenue was down from the prior quarter, operating cash flow was nearly even, at $2 billion. The quarter ended with Micron having nearly $7.5 billion in cash and short-term securities on its balance sheet, against just $5.4 billion of long-term debt.InvestorPlace - Stock Market News, Stock Advice & Trading TipsThe results sent MU stock up over 5% on March 26, although shares are down over 3% in mid-morning trading March 27. The Worst May Be Over for MU StockMicron has 13 different manufacturing plants. Many of its locations are in Taiwan, China and South Korea, where strict quarantine means the worst of the pandemic may be over. Its headquarters is in Boise, Idaho, where the pandemic is only now starting to take hold. * 10 Stocks to Buy That Will Benefit From Coronavirus Mayhem Shares rose sharply thanks to a conservative outlook from CEO Sanjay Mehrotra, who has seen many booms and busts in his 30 years as a memory company executive.Because memory chips are commodity products, MU stock is prone to sharp rises and falls. Until recently it was said to be riding a "supercycle," with chip-based memory replacing spinning disks in devices, PCs and the cloud.The supercycle has not been resistant to the coronavirus, however. MU stock is down almost 20% this year. Better Days Ahead?I have called Micron the "canary in the coal mine" for the chip sector, because memory demand and prices can be volatile. In 2019 Micron's sales were 20% below those of 2018, after jumping 33% from 2017. The February results put Micron on pace to come up short of last year's revenue of $23 billion.Volatility, of course, works both ways. The latest numbers have some analysts predicting a 40% gain for the shares, once the crisis is over.Micron's results indicated that cloud data centers are still buying memory chips. This may indicate good news for the whole chip sector, according to TV analyst Jim Cramer. The replacement of disks with chips in products sold for home use means Micron could also benefit from the work-at-home trend.Analysts have been getting back on board the Micron train recently, the consensus moving from overweight to buy. This includes a Bank of America analyst who delivered a rare "double upgrade" after earnings, from "underperform" to "buy," with a $60 price target.In the near-term growth may depend on how fast phone makers get back into production and buy a new multi-chip flash storage device Micron recently began sampling. Over the longer term Micron will be commercializing the 3D XPoint technology it developed in the last decade with Intel (NASDAQ:INTC). The two companies ended their joint venture last year with Micron buying out Intel's share. The Bottom Line on MicronMuch of my confidence in Micron is down to Mehrotra, who Micron was fortunate to get as CEO in 2017. Mehrotra had sold SanDisk, which he helped found, to Western Digital (NASDAQ:WDC) in 2016. He was thus available when Mark Durcan retired, five years after he planned because long-time leader Steve Appleton died in a plane crash.I believe the coronavirus pandemic will give an advantage to investors who select their own stocks rather than playing the market through mutual funds. Micron is one of the companies that should be on your radar.Dana Blankenhorn has been a financial and technology journalist since 1978. He is the author of the environmental thriller Bridget O'Flynn and the Bear, available at the Amazon Kindle store. Follow him on Twitter at @danablankenhorn. As of this writing he owned no shares in companies mentioned in this story. More From InvestorPlace * America's Richest ZIP Code Holds Wealth Gap Secret * 10 Stocks to Buy That Will Benefit From Coronavirus Mayhem * 5 Bank Stocks to Buy Now Because This Isn't 2008 Again * 12 Stocks to Buy That Are Already Positive The post Micron Stock Offers Investors Hope in a Turbulent Market appeared first on InvestorPlace.
Thirty-five years ago, Andrew Grove found himself “wandering in the valley of death”, leading Intel’s huge but floundering memory chip business. Eventually he asked his chairman, Gordon Moore, one of Intel’s ...
Microsoft's acquisition of Affirmed Networks should help it draw closer to telcos deploying 5G networks that rely heavily on commodity servers.
In a sign that markets can and do anticipate bad news, sometimes efficiently baking it in before it becomes official, stocks soared again Thursday even as jobless claims across the U.S. swelled to 3.28 million last week, or quadruple the prior record.Source: Provided by FInviz * The S&P 500 advanced 6.24% * The Dow Jones Industrial Average jumped 6.38% * The Nasdaq Composite added 5.60% * Believe it or not, Boeing (NYSE:BA) was again the Dow's leader, surging 14% while adding to a stunning rally that has seen shares of the troubled aerospace giant almost double in just a week.Technically speaking, the Dow is out of a bear market, a nearly unthinkable thought just a few days ago. Using the SPDR Dow Jones Industrial Average ETF (NYSEARCA:DIA) as the gauge because one cannot invest directly in an index, data indicate DIA is 21.63% above its recently printed 52-week low.InvestorPlace - Stock Market News, Stock Advice & Trading TipsStill, there's plenty of work to be done because DIA needs to add more than 25% to get back to its 52-week high. * 10 Stocks to Buy That Will Benefit From Coronavirus Mayhem Investors will take the gains, however, as Thursday marked yet another day of broad-based advances in the blue-chip index with 28 of 30 components higher in late trading. Apple AngstUsually on big up days like this for the Dow, investors expect a big contribution from Apple (NASDAQ:AAPL). To be sure, the iPad maker was higher by about 3% in late trading, but that put it toward the bottom of Thursday Dow winners.The cap on Apple's Thursday upside was easy to spot: Wedbush analyst Daniel Ives, one of the stock's biggest supporters, cut his price target on the name to $350 from $400 while noting delivery of 5G iPhones could be pushed back to December."Having one of its most important iPhone launches in its history into a consumer environment still recovering from the impact of this unprecedented COVID-19 dark storm would be a risky decision that likely gets shelved until [the] holiday season in our opinion," said Ives in a note to clients. Test TalkFor once, we can discuss United Healthcare (NYSE:UNH) outside of the lens of political risk. The managed care provider was higher by more than 6% late Thursday, putting it in the upper tier of Dow winners, on news that the company is working on a self-administered coronavirus test. Sympathy PlayIntel (NASDAQ:INTC) impressed again in what appears to be a sympathy play scenario. Although Intel doesn't directly compete with Micron (NASDAQ:MU), the latter's strong fiscal second-quarter earnings, a period including some of the coronavirus situation, boosted the stock today, taking the rest of the semiconductor sector along for the ride. Extending its GainsAfter being one of the primary Dow coronavirus victims, Disney (NYSE:DIS) is steadying, ranking as one of the best-performing names in the index over the past week.Importantly, the stock is extending gains it started accruing earlier this week after Moffett Nathanson analyst Michael Nathanson spoke glowingly about the international prospects for the Disney + streaming service.With theme park and movie theater revenue essentially ground to a halt because of the coronavirus, Disney needs to give investors something to be excited over the near-term and Disney+ growth could be that elixir. Bottom Line on the Dow Jones TodayAs noted earlier, equity markets often function as leading indicators and that may prove encouraging with the coronavirus remaining an issue for the global economy. With the exception the weekly jobless claims numbers, most of the data investors have been considering are from February."In terms of what will happen with the U.S. economy, we can see the slowdown happening in real time," notes Sara Potter of FactSet. "However, due to the lag in official economic statistics, our ability to measure the economic impact is delayed. We're just receiving February data now, and everything was still relatively rosy then."The last several days of equity market price action could be suggesting stocks already prepared for the worst when it comes to March's economic data.Todd Shriber has been an InvestorPlace contributor since 2014. As of this writing, he did not hold any of the aforementioned securities. More From InvestorPlace * America's Richest ZIP Code Holds Wealth Gap Secret * 10 Stocks to Buy That Will Benefit From Coronavirus Mayhem * 5 Bank Stocks to Buy Now Because This Isn't 2008 Again * 12 Stocks to Buy That Are Already Positive The post Dow Jones Today: Jobless Claims Surge, but so do Stocks appeared first on InvestorPlace.
Dividend and buybacks are the primary means adopted by companies to reward their shareholders. Shareholders can also find returns from capital gains or stock price appreciation, which may or may not be in the company's control.As desperate times call for desperate measures, a slew of companies have announced suspensions of dividend, buybacks or both as the coronavirus pandemic wallops the market. Why Companies Hit The Pause Button These moves stem from the need to conserve cash as companies navigate through a turbulent phase that's likely to hit their top- and bottom-lines. There's a political reason to exercise prudence too, with Congress on the cusp of passing a -trillion stimulus package. Lawmakers have expressed their opposition to companies squandering away aid money with buybacks.See Also: Powell Expects Atypical Downturn As Liquidity, Credit Dries Up, But Says 'Nothing The following companies have announced suspension shareholder reward programs in the wake of the pandemic. Intel Corporation (NASDAQ: INTC) revealed in a 8-K filing Tuesday it is suspending its stock repurchases due to the pandemic. The company termed the decision as prudent, given the length and uncertainty of the pandemic. Dividends, won't be affected, Intel said.The suspension stalls a $20-billion buyback the company announced in October 2019.Ford Motor Company (NYSE: F) announced March 19 it's suspending its dividend to preserve cash and provide additional flexibility. The automaker also withdrew its guidance.Boeing Co (NYSE: BA), which is beset by both fundamental and geopolitical woes, announced the suspension of its dividend program. The company also said it will extend the pause in its share repurchases. Big banks JPMorgan Chase & Co. (NYSE: JPM), Bank of America Corp (NYSE: BAC), Citigroup Inc (NYSE: C), Goldman Sachs Group Inc (NYSE: GS), Morgan Stanley (NYSE: MS), Wells Fargo & Co (NYSE: WFC), Bank of New York Mellon Corp (NYSE: BK) and State Street Corp (NYSE: STT) have all suspended their buybacks until the second quarter in order to lend money to individuals and businesses.Oil giants Royal Dutch Shell plc ADR Class A (NYSE: RDS-A) and Total SA (NYSE: TOT), which are confronted with a steep decline in oil prices, have also announced a stalling of buybacks, while most other oil majors have hinted at slashing their capital expenditures. Mcdonald's Corp's (NYSE: MCD) CEO Chris Kempczinsk said in an interview with CNBC the company suspended its $15-billion buyback several weeks ago.Department stores Macy's Inc (NYSE: M) and Nordstrom, Inc. (NYSE: JWN) suspended their respective dividends, while Nordstrom also halted buybacks. Peer Kohl's Corporation (NYSE: KSS) withdrew its buyback program while suggesting it is evaluating its dividend.Miner Freeport-McMoRan Inc (NYSE: FCX) announced the suspension of its dividend.Marriott International Inc (NASDAQ: MAR) said it is halting dividend payments after the payout of a previously announced first-quarter dividend March 31.Telecom giant AT&T Inc. (NYSE: T) announced the suspension of its buyback program in a bid to protect its dividend.Among airlines, Delta Air Lines, Inc. (NYSE: DAL) announced March 10 the suspension of buybacks and the deferring of $500 million in capex. Subsequently, on March 20, the company announced temporary halting of future dividend payments. Alaska Air Group, Inc. (NASDAQ: ALK) also said it is suspending its dividend program while also slashing 70% of its capacity.Benzinga is covering every angle of how the coronavirus affects the financial world. For daily updates, sign up for our coronavirus newsletter.See more from Benzinga * Intel, AMD Say They're Operating Near Capacity Despite Coronavirus Disruptions * Intel, AMD And Marvel Screen The Best In This Analyst's Macro Stress Test For COVID-19 Impact * What To Expect From AMD's Analyst Day(C) 2020 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
The philanthropic arm of Intel Corp. is giving money to communities around the U.S. and internationally where it has large operations.
HP CEO Enrique Lores tells Yahoo Finance demand for PCs and printers have been strong as people work from home during the coronavirus pandemic.
Add servers and personal computers to the list of things that everyone is clamoring to buy in the age of coronavirus. On Wednesday, memory chip maker (MU) (ticker: MU) reported earnings for its fiscal second quarter, one of the first companies to post financial results for a quarter that includes the onset of the current pandemic and the associated downturn. For the quarter ended Feb. 27, Micron posted revenue of $4.8 billion, down 17.8% from $5.84 billion a year ago, but at the high end of the company’s guidance range of $4.5 billion to $4.8 billion, and above Wall Street’s consensus estimate of $4.7 billion.
Clorox, Darden Restaurants, Intel, Boeing and JPMorgan Chase highlighted as Zacks Bull and Bear of the Day
DOW UPDATE Shares of Boeing and American Express are seeing strong returns Thursday morning, leading the Dow Jones Industrial Average rally. Shares of Boeing (BA) and American Express (AXP) are contributing to the index's intraday rally, as the Dow (DJIA) was most recently trading 348 points higher (1.
The past month has seen a historic fall in global stock markets as the coronavirus pandemic becomes a reality, triggering unprecedented uncertainty. One of the first companies to acknowledge coronavirus and the Covid-19 illness it causes, Apple (AAPL) was quick to adjust its projections for revenue and earnings per share as it shuttered its stores, first in China and then globally. Apple is still selling devices online, and the moment stores that are still closed are able to open up again, you can count on customers funneling back in.
A group representing major United States semiconductor companies on Wednesday said it was working with federal officials to make clear to state and local officials overseeing lockdowns that chip companies are essential businesses that should continue operations. In a blog post, the Semiconductor Industry Association, which represents chipmakers with major U.S. factories such as Intel Corp and Micron Technology Inc, said it was working with the U.S. Department of Homeland Security to refine the guidance sent to state and local officials last week. "Ensuring the continuity of semiconductor and related supply chains is necessary to support the even greater range of services that will be digitized in the coming weeks and months," he wrote.
Intel (INTC) suspends stock repurchases temporarily due to the COVID-19 crisis.
Eventually, most PC users will see this …Source: Shutterstock It's known as the blue screen of death in casual tech circles, but for those of you who haven't experienced this harbinger of doom yet, let me assure you it will ruin your day. Blue screens often indicate severe hardware failures that can cost hundreds of dollars to fix.Tech-savvy folks often avoid facing this costly fate, however. They simply make sure to purchase a computer with the right specifications needed to handle the jobs they will task their computers with.InvestorPlace - Stock Market News, Stock Advice & Trading TipsFor years the golden rule was to make sure you purchased a PC with an Intel Corporation (NASDAQ:INTC) processor.Intel has ridden the coattails of this strong positive sentiment for a long time. Sure, they weren't the only chipmaker in town, but Intel did without a doubt make the most powerful and fastest performing processors available.Back then, Advanced Micro Devices' (NASDAQ:AMD) chips were viewed as bargain-bin processors. They were functional, but not nearly as high-quality a product compared to Intel's chips. As such, many consumers opted for the latter.But that's all changing right before our eyes. Intel's dominance in the consumer PC market is under fire. It's all thanks to AMD's new Ryzen processor and few other tricks AMD has had up its sleeve.This makes AMD a great dip buy while we wait for the market to turnaround from the recent coronavirus selloff. AMD's Ryzen Wows Budget-Minded GamersThe reviews are in and on many fronts AMD's new Ryzen processor line is faster and more powerful than Intel's chips.The big difference between AMD's Ryzen CPUs and Intel's chips are their core counts, which is a key component of processor power. More cores mean more threaded operations, faster clock speeds and generally better performance.For economical gamers there's no better bang for your buck right now than AMD's Ryzen, according to critics and reviewers.For investors this is equally important.Advanced AI applications, VR and AR tech, even driverless car systems rely on chips that can process visual data. Chips that can handle the rigors of today's video games have greater applications in these new age industries. Click to Enlarge Source: Chart courtesy of StockCharts.comThis is a huge win for AMD and it's been a big driver behind the massive run-up in their stock price through mid-February.That said there's more to the story.AMD's high-performance supercomputer, its 2nd Gen Epyc system, is making waves as well. Leaseweb Global recently selected them to power their cloud infrastructure and the system is also being employed at Lawrence Livermore National Laboratory in California.The cloud market is a very important growth driver for big tech. AMD going for its market shares now adds to their long-term growth prospects. Success here will handsomely reward shareholders. AMD Looking ForwardAMD's Chief Executive Officer Lisa Su recently signaled long-term annual growth of 20% moving forward. A lot of that growth will be specifically tied the success of AMD's Epyc supercomputer.Cloud infrastructure is a new industry with a ton of potential for both chipmakers and investors. If AMD can show its Epyc system is one of the better supercomputers to support a cloud network, AMD could have a banner year.But perhaps more important to AMD's future than the launch of their 2nd Gen Epyc supercomputer is their launch of the Navi 2X GPU and Zen 3 CPUs expected later this year.We saw how Nvidia (NASDAQ:NVDA) rose from obscurity to market leader off the strength of their GPU business. If AMD's GPUs prove comparable, investors have a good chance at capturing meteoric gains as well.With the surging demand in GPUs for AR, VR, driverless tech and a host of other new technologies AMD is in prime position to make 2019's gains look puny.And that's even with the coronavirus draw-down still in effect. AMD Stands Strong in Wake of CoronavirusThe Dow, S&P 500 and tech-heavy Nasdaq are down roughly 20% to 30% over the past month.In contrast AMD shares are only down about 2.8%. It's no secret what's causing the breakdown across every sector, but what is telling is how AMD is weathering the storm. AMD is down materially less in the same time-frame when compared to the greater market and it's biggest direct competitor, Intel, which is off by 12%.AMD's ability to stave off the selling to some extent is a sign of relative strength. That relative strength is due to the very real success the company is having with its new lineup of chips, GPUs and supercomputers.The bottom line is from Wall Street to Main Street smart folks are staying in AMD as the coronavirus draw-down continues because they know the bull case for AMD is incredible.Once the pandemic fears subside AMD should soar in value.As of this writing, Sean McCloskey did not hold a position in any of the aforementioned securities. More From InvestorPlace * America's Richest ZIP Code Holds Wealth Gap Secret * 7 Stocks Insiders Are Buying Big Amid the Market Panic * 7 A-Rated Stocks to Buy After the Seismic Market Shift * 4 Dividend Stocks Worth a Look Now The post AMD Stock Bucks the Coronavirus Trend, Remains 2020's Best Tech Stock appeared first on InvestorPlace.
Stocks surged Tuesday, with the Dow Jones Industrial Average posting its biggest intraday gain since 2008 amid hopes that Congress and the White House are finally nearing terms on a $2 trillion package aimed at shoring up the U.S. economy during the COVID-19 pandemic.Source: Provided by Finviz * The S&P 500 jumped 9.34% * The Dow Jones Industrial Average surged 11.26% * The Nasdaq Composite soared 8.12% * For what feels like the first time in an eternity, Chevron (NYSE:CVX) was the Dow's top performer today, advancing almost 18%.Equities faltered Monday as partisan politics stood in the way of stimulus efforts, with Senate Republicans accusing their Democratic colleagues in the House of tacking on non-essential, politically-charged amendments to the stimulus package. Dems have naturally lodged similar complaints about their GOP counterparts.InvestorPlace - Stock Market News, Stock Advice & Trading TipsComments from President Trump that he would like to see the U.S. economy reopened by Easter (April 12) contributed to the ebullience on Wall Street, though that forecast for business as usual may prove to be optimistic. * 7 Stocks Insiders Are Buying Big Amid the Market Panic While stocks remain in a bear market, fertile ground for big one-day rallies as was experienced Tuesday, 28 of 30 Dow stocks were higher in late trading, the best ratio seen in weeks. Cutting MattersIn this environment for energy producers, cutting expenses helps and that explains Chevron's big rally today. The second-largest U.S. oil company said it was halting a $5 billion buyback plan and trimming $4 billion from its exploration budget.That news comes a day after Standard & Poor's said it was reviewing Chevron's credit rating for a possible downgrade. Last week, S&P lowered its rating on CVX rival Exxon Mobil (NYSE:XOM). For now, it looks dividend cuts aren't in the offing for either Chevron or XOM. Speaking of Buybacks…Due to the airlines and Boeing (NYSE:BA) feasting on buybacks during the bull market and now needing government (read: taxpayer) assistance, share repurchase programs are going out of style faster than linen after Labor Day.This is an optics issue, one that Intel (NASDAQ:INTC) is apparently aware of. Although the semiconductor giant is financially sturdy and not needing a government loan or bailout, it said today it's halting a $20 billion repurchase plan announced last October. Boring Could be Beautiful AgainWith traditional safe-haven sectors, such as consumer staples -- the exception of Walmart (NYSE:WMT) -- and utilities largely failing investors this month, it's understandable that investors have reservations about revisiting these groups.However, some analysts are bullish on names such as Dow component Coca-Cola (NYSE:KO) and rival PepsiCo (NASDAQ:PEP). Coca-Cola recently yanked 2020 guidance due to the coronavirus pandemic, joining a slew of companies in doing so, but J.P. Morgan's Andrea Teixiera highlights Coca-Cola's strong balance sheet and asset-light model as catalysts for the stock in 2021 after the "lost year" of 2020. Can't Get Much WorseAmerican Express (NYSE:AXP) was the second-best performer in the Dow today behind Chevron and Visa (NYSE:V) was also among the double-digit winners. Maybe, emphasis on "maybe," this is a sign of capitulation in these names.Analysts are stepping in, lowering price targets and earnings forecasts on credit stocks, but this was bound to happen. With the travel and leisure industry in the U.S. essentially shutdown and retail stores and malls mostly closed as well, there are few avenues for credit and debit card purchases. Not to mention a slumping economy that may not rebound until well into the third quarter.For the adventurous, profitable, wide-moat names such as AXP and Visa may be worth considering here and certainly so if more declines come to pass. Bottom Line on the Dow Jones TodayWith March nearly in the books, first-quarter earnings season is on the way and, let's be honest, there weren't be much in the way of earnings to speak of. This is widely known fact in the investment community, prompting some to start talking about second-quarter earnings.As John Butters of FactSet points out, the outlook for April through June is getting ugly."Last week, the aggregate earnings growth rate for Q2 2020 changed from slight year-over-year earnings growth on March 12 (+0.8%) to a slight year-over-year earnings decline on March 13 (-0.7%)," he said.The estimated second-quarter earnings decline for the S&P 500 is 3.9% compared with a 2.9% drop for the current quarter.Todd Shriber has been an InvestorPlace contributor since 2014. As of this writing, he did not hold any of the aforementioned securities. The post Dow Jones Today: Stimulus Hopes Stoke Epic Dow Rally appeared first on InvestorPlace.
The chipmaker is pausing its program to buy back its stock in light of the uncertainty surrounding COVID-19, it told regulators and shareholders.
Major corporate sponsors of the Tokyo 2020 Olympics are standing by the International Olympic Committee after the Games were postponed and experts familiar with the deals said the companies would not likely seek the return of billions of dollars committed to the agreements. Fourteen global companies including Coca-Cola Co, Procter & Gamble Co and Intel Corp spent $500 million this year and have committed close to $4 billion on multi-year contracts that designate them as top-tier sponsors, according to research firm Global Data. On Tuesday, the Tokyo Games were postponed to 2021, a first in the 124-year modern history of the event, due to the coronavirus pandemic which has prompted governments to shut businesses globally.