|Bid||0.00 x 800|
|Ask||290.95 x 800|
|Day's Range||280.00 - 285.87|
|52 Week Range||122.64 - 285.87|
|Beta (3Y Monthly)||1.68|
|PE Ratio (TTM)||20.88|
|Earnings Date||Jan 21, 2020 - Jan 27, 2020|
|Forward Dividend & Yield||4.60 (1.67%)|
|1y Target Est||267.09|
In the recent series of record highs, the S&P 500 crossed the 3,100 level for the first time ever. We have highlighted 10 best performing stocks in ETF that tracks this index.
Advanced Micro Devices Inc. shares touched their highest price in more than a dozen years Wednesday and have more than doubled over the year. AMD shares were last up 2.4% at $37.58, after touching an intraday high of $37.96, their highest price since March 21, 2006, when shares priced at $38, according to FactSet data. Year to date, AMD shares are up nearly 104%, making them 2019's best performer so far on the S&P 500 index , which is up more than 23%. Second and third place go to chip-equipment makers Lam Research Corp. and KLA Corp. , respectively, shares of which have nearly doubled over the year. The PHLX Semiconductor Index is up 50% year-to-date. Shares of AMD rival Nvidia Corp. , which reports earnings on Thursday, are up nearly 57% for the year. AMD announced Wednesday that Apple Inc.'s new 16-inch MacBook Pro will feature the company's 7-nanometer Radeon Pro 5500M and 5300M mobile graphics processing units.
Give credit where credit is due. I've had more than my share of worries about Intel (NASDAQ:INTC) this year, but thanks to a third-quarter earnings report last month that impressed investors, Intel stock has rallied nicely.Source: Sundry Photography / Shutterstock.com And the gains are deserved. From a fundamental perspective, Intel's Q3 was impressive. Headline numbers crushed analyst consensus estimates. Full-year adjusted earnings per share guidance was raised by 20 cents.Commentary after the report also drives some confidence. On the Q3 conference call, management reiterated its projection that 7nm production would arrive in 2021. After years of delays at 10nm, that outlook inspires hope that Intel's development processes are back on track.InvestorPlace - Stock Market News, Stock Advice & Trading TipsThat said, the current rally to $58 seems to incorporate most, if not all, of that optimism. Broader worries still hold, and looking closer Q3 earnings weren't quite as good as the headline beat and guidance raise suggest. * 7 Stocks to Sell Before They Roll Over INTC stock isn't necessarily a short here, and it remains cheap enough that value investors might see an opportunity. But the concerns that have dogged Intel stock aren't completely dispelled by a single quarter, and I still believe chip bulls have better options elsewhere. A Closer Look at Q3 EarningsAgain, from a headline perspective, Intel's Q3 looks like a classic, and usually bullish, beat-and-raise quarter. And the numbers did impress.That said, Intel received a bit of outside help. A lower-than-expected tax rate, based on quarterly guidance given after Q2, appears to have contributed about 3.5 cents to earnings. The same is true relative to the full-year outlook: a one-point reduction in the estimated tax rate added roughly 4.5 cents to the full-year EPS outlook.Of course, Intel beat Q3 guidance by 18 cents and raised its full-year guidance by 20 cents. Tax rates play only a modest role on both fronts, but it's worth noting that the implied outlook for the fourth quarter isn't much higher than it was after Q2.It's been hiked just two pennies or less than 2%. That increase appears to have come mostly, if not solely, from a lower tax rate and a lower share count thanks to buybacks.As a result, at least per guidance, the third-quarter results aren't necessarily the sign of a sudden acceleration in growth. That sense is confirmed by looking at the results themselves and ignoring expectations. Updated full-year guidance still suggests the adjusted EPS will increase by just two cents. Non-GAAP operating income should decline by about 6% year-over-year.Q3 was better than expected, certainly. But looking at fourth quarter and full-year guidance, it doesn't suggest that Intel has proven its on a path to growth. Helpful Commentary on DevelopmentThat said, the commentary on the third-quarter conference call does offer some support for the mid-term outlook. Intel seems on track in both 10nm and in its pathway to 7nm. PC growth seems better than expected and should drive growth. This is especially true given that, as management admitted on the Q3 call, Intel hasn't been able to provide enough chips to meet current demand.A meeting between Intel's CFO and analysts this week supports that optimism. Morgan Stanley analyst George Davis wrote that Intel's "process and design have returned to a much tighter level of coordination." In other words, what Intel delivers in practice is much closer to what it plans on paper.This matters, and it's already mattered to Intel stock. The 2019 price-to-earnings multiple assigned Intel stock has expanded from roughly 10x at May lows to a current 12.5x. The lower multiple reflected a market legitimately worried that Intel's earnings would decline. The current valuation, in contrast, prices in something like stability and admittedly still leaves room for upside if hopes for improved execution are valid. Risks, Other Choices and Intel StockThat remains a big 'if'. One impressive quarter doesn't offset several years of delays. Those delays have allowed rival Advanced Micro Devices (NASDAQ:AMD) to take share in CPUs and build out its own datacenter business.AMD's deal with Alphabet (NASDAQ:GOOG, NASDAQ:GOOGL) for chips in the Google Cloud business was a huge win for the smaller company and another loss for Intel. Nvidia (NASDAQ:NVDA) looms in datacenter as well. Both companies are (pardon the pun) chipping away at Intel's near-monopoly in the category.And the growth at those rivals raises another issue for INTC stock: why wouldn't a semiconductor bull buy NVDA or AMD instead? Those stocks both are more expensive, obviously. And recent results for both companies show earnings and revenue declines.But those declines are a result of the crypto bubble bursting; both companies should drive significantly faster growth going forward. If chip stocks outperform the market, those growth names likely will as well.If an investor sees those stocks as too high, so-called "semicaps" like Applied Materials (NASDAQ:AMAT) and Lam Research (NASDAQ:LRCX) remain cheap on an earnings basis. Both stocks are plays on the same broader trend as INTC: growing chip demand thanks to trends like Big Data and the Internet of Things.It simply seems like Intel stock has a narrow bull case at the moment. And while the stock is cheap, that doesn't mean it's without risk. We've seen INTC stock fall sharply twice in the last year. Execution worries remain.Put another way, Intel is the biggest company in the semiconductor industry. But for several years, it hasn't been the best, and Q3 earnings alone don't fix that problem. Until it's fixed, it's going to be difficult for INTC stock to drive a sustainable rally from current levels.As of this writing, Vince Martin has no positions in any securities mentioned. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 7 Stocks to Sell Before They Roll Over * 5 Beaten-Up Stocks to Buy That Could Be Saved By An Acquisition * 4 Startup Stocks Getting Smashed The post The Q3 Rally Was Great, but Intel Stock Has Gone as Far as It's Going appeared first on InvestorPlace.
FREMONT, Calif., Nov. 07, 2019 -- Lam Research Corporation (Nasdaq: LRCX) today announced that its Board of Directors has approved a quarterly dividend of $1.15 per share of.
Lam Research (LRCX) has seen solid earnings estimate revision activity over the past month, and belongs to a strong industry as well.
The technology sector is made up of companies that, among other things, manufacture consumer electronics and their components, develop software, and provide information technology (IT) services like cloud hosting.
It's certainly possible that Nvidia (NASDAQ:NVDA) stock has run too far. Nvidia stock has gained roughly 50% just since late May. Certainly, the news of late has been good -- but it doesn't necessarily seem to be that good.Source: Hairem / Shutterstock.com Meanwhile, valuation after the big rally looks potentially questionable. Nvidia stock trades at nearly 30 times fiscal 2021 consensus earnings per share estimates. That's getting closer to where NVDA stock traded last year. Soon after, the crypto bubble burst, and NVDA shares dropped by more than 50% in a matter of months.As a result, many investors and analysts see Nvidia stock as simply too expensive. A current price of $210 is well past the average analyst price target of $195. InvestorPlace's Will Healy pointed to a high valuation relative to other growth names in the semiconductor space, and Tom Taulli called the gains too much, too soon.InvestorPlace - Stock Market News, Stock Advice & Trading TipsI understand those concerns, particularly with Nvidia earnings on tap next week. That earnings release looks potentially risky given the obviously building expectations. That said, the gains in NVDA stock make some sense -- and could continue. * 7 Under-the-Radar Retail Stocks to Buy Now As I wrote back in March, Nvidia stock was a second half story. The second half of 2019, at least so far, is going almost exactly to plan. And that suggests that Nvidia stock, despite those valuation concerns, can continue to rise. Data Centers and NVDA StockThe effect of the crypto bust has been a focus of many headlines surrounding Nvidia stock. But one of the less-covered aspects of Nvidia's recent struggles has been a slowdown in the company's data center business.Between fiscal 2017 and fiscal 2019, Nvidia's data center revenue grew a staggering 253%, according to figures in its Securities and Exchange Commission Form 10-K. In the first half of FY20, however, data center revenue has declined 12% year-over-year, per the 10-Q. The cause has been an apparent "pause" in demand, as rival Intel (NASDAQ:INTC) told investors earlier this year.Data center sales aren't as important as those in the Gaming category (which includes crypto-related revenue). They accounted for barely one-fourth of total revenue in the first half. But the category still was a significant driver of Nvidia's growth -- and perhaps the most significant now that crypto demand has returned to more modest levels.And the news here seems good, at least looking at the rivals in the data center space. Intel stock has rallied sharply off earnings, thanks in part to optimism toward renewed demand in data center. One analyst called NVDA the best play on that optimism, and moved his price target to a Street-high $251.Advanced Micro Devices (NASDAQ:AMD) too sounded positive on its third-quarter call, though AMD has managed to get a big win, adding Alphabet (NASDAQ:GOOG,NASDAQ:GOOGL).Investors didn't expect Gaming revenue to bounce back this year after the crypto bust. But they were hoping for a second-half recovery in data center. As I wrote in July, management continued to support those hopes. Commentary elsewhere in the sector suggests that management was right. If next week's earnings confirm the recovery, Street price targets will likely come up and Nvidia stock can gain after the report. Chip Optimism Drives Nvidia Stock Into EarningsTaking a broader view, the news looks positive as well. Chip stocks have gained in recent weeks. The Philadelphia Semiconductor Index has rallied sharply from its own May lows to reach new highs. Demand seems healthy across the industry, and for the most part, earnings reports so far have been solid.Admittedly, Texas Instruments (NASDAQ:TXN) sparked some concern with a disappointing outlook. But reports from Intel, AMD and equipment manufacturer Lam Research (NASDAQ:LRCX) suggest a healthy industry overall.That does add some pressure to Nvidia earnings. The rally of late and the strong numbers elsewhere in the space don't leave much room for error. If Nvidia disappoints, investors will wonder if the company is losing share to the likes of AMD. And the point that InvestorPlace's Will Healy made this week -- that NVDA is more expensive than AMD despite similar, if not weaker, growth prospects -- will look prescient.That said, there's little evidence right now to suggest a miss. Rather, the evidence suggests the opposite. Demand is healthy, Nvidia is recovering from the crypto bust and there's clear room for outperformance in data center revenue. I'd expect a strong quarter.And a strong quarter supports the idea that Nvidia is back on track, which might lead to a run toward, if not necessarily to, last year's highs above $300. No, NVDA isn't cheap -- but it shouldn't be cheap when this company is executing and the industry is cooperating, If Nvidia can confirm on Thursday that both halves of that equation are true, NVDA stock can continue its rally.As of this writing, Vince Martin has no positions in any securities mentioned. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 7 Under-the-Radar Retail Stocks to Buy Now * 7 Specialty Retail Stocks to Buy Now * 5 Cannabis Stocks With "Lit" Growth Prospects The post Data Center and Gaming Revenue Should Boost Nvidia Stock appeared first on InvestorPlace.
Semiconductor equipment maker Lam Research receives a stock price target upgrade to a Wall Street high from analysts at Citi.
We wouldn't blame Lam Research Corporation (NASDAQ:LRCX) shareholders if they were a little worried about the fact...
Earnings announcements have brought out more than their share of movers and shakers this season, but Advanced Micro Devices (NASDAQ:AMD) hasn't been among that unstable crop. The better news is the aftermath offers a clear advantage to today's AMD stock investors both off and on the price chart.Source: Sundry Photography / Shutterstock.com There'd be little disagreement if I said it's been an earnings season filled with cheers and jeers. Stocks have exploded higher and imploded lower following more than a few quarterly reports. IPO Beyond Meat (NASDAQ:BYND) and one-time growth favorite Grubhub (NYSE:GRUB) are two recent champions for bearish investors. Closer to home Texas Instruments (NASDAQ:TXN) took a sizable tumble. Meanwhile, other semiconductor bulls were caught reveling after reports from Intel (NASDAQ:INTC) and Lam Research (NASDAQ:LRCX). But not AMD stock.Shares of Advanced Micro Devices finished up a scant 0.3%. For a name known for its earnings-related volatility the event proved to be a snooze fest. So what gives? For once did Wall Street presciently price in AMD's earnings?InvestorPlace - Stock Market News, Stock Advice & Trading Tips The Earnings ReportAMD stock's winning ways allowed the company to delivery earnings of 18 cents per share on revenues of $1.8 billion. Advanced Micro Device's sales grew by 9% from the year-ago period and were the highest in more than a decade. At the same time, gross margins rose to 43% -- the best since 2012. Impressive, right? * 7 Stocks to Buy in November What Wall Street did manage to price in correctly were AMD's top and bottom lines. Also, slightly light guidance was likely responsible for holding back investors' animal spirits. But for an AMD stock which has under-promised and over-delivered in the past, Wall Street's reaction looks like a gift. AMD Stock Monthly ChartDuring intra-day trading on Thursday, the AMD stock price suddenly found a bit of the aforementioned animal spirits. From modest losses in the early going, Advanced Micro Devices stock is now up a bit more than 2.6%. But if you're thinking you've missed the boat, it's time to shake off the day-trading mentality and appreciate a very bullish and well-positioned monthly chart.Shares of AMD have been consolidating in a high double-bottom basing pattern for the past few months. The formation found support off prior angular resistance dating all the way back to Advanced Micro's all-time high in 2000. To say the least, it's good news. But that's not all AMD stock investors have going for them either.Also supportive of the bull case for the AMD stock price, the monthly chart consolidation has developed around the lifetime 62% retracement level. As the current pattern high is firmly above the well-watched Fibonacci level, the evidence supporting a breakout to fresh relative highs grows more solid. And without being too optimistic, given AMD stock's ever-impressive and rising business fortunes, shares could conceivably tackle fresh all-time highs above $48.50 in 2020. Investment accounts under Christopher Tyler's management currently own positions in Advanced Micro Devices (AMD) and its derivatives, but no other securities mentioned in this article. The information offered is based upon Christopher Tyler's observations and strictly intended for educational purposes only; the use of which is the responsibility of the individual. For additional options-based strategies, related musings or to ask a question, you can find and follow Chris on Twitter @Options_CAT and StockTwits. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 7 Buy-and-Hold Stocks to Play Investing's Biggest Trends * 7 Stocks to Buy in November * 5 Strong Buy Stocks Under $5 With Massive Upside Potential The post Advanced Micro Devices Stock Is Still a Buy After Earnings appeared first on InvestorPlace.
The goal of this article is to teach you how to use price to earnings ratios (P/E ratios). We'll look at Lam Research...
Announcement of Periodic Review: Moody's announces completion of a periodic review of ratings of Lam Research Corp. New York, October 29, 2019 -- Moody's Investors Service ("Moody's") has completed a periodic review of the ratings of Lam Research Corp. and other ratings that are associated with the same analytical unit. The review was conducted through a portfolio review in which Moody's reassessed the appropriateness of the ratings in the context of the relevant principal methodology(ies), recent developments, and a comparison of the financial and operating profile to similarly rated peers.
The technology sector is heating up. Friday's breakout pushed the Nasdaq-100 to a new record high on the back of strength from the semiconductor industry. Today, we'll breakdown three tech stocks to buy if you want to capitalize on further gains.I'm particularly impressed by the performance of chipmakers. The industry broke to new highs Friday alongside the Nasdaq, led by a rip-roaring rally from Intel (NASDAQ:INTC). Other names like Lam Research (NASDAQ:LRCX) and Applied Materials (NASDAQ:AMAT) scored breakouts of their own.But it's not just the behavior of the winners that bolsters the bull case. It's also the action in the losers. Take Amazon (NASDAQ:AMZN), for instance. Thursday night, after reporting dismal earnings, AMZN stock was getting crushed. But once the opening bell rang on Friday, buyers swarmed with a vengeance, sending shares almost back to unchanged levels by day's end.InvestorPlace - Stock Market News, Stock Advice & Trading Tips * 10 Best Stocks to Buy and Hold Forever In sum, the strength in tech offers compelling opportunities for bulls. Let's take a closer look at three tech stocks to buy. Stocks to Buy After the Nasdaq Breakout: Nasdaq ETF (QQQ)Source: ThinkorSwim The first name on this list isn't a stock, but an exchange-traded fund. And the most obvious target in that space is the Nasdaq-100 ETF (NYSEARCA:QQQ). Instead of picking individual companies, hoping that they match or exceed the performance of the entire sector, why not just buy the index? It offers a diversified and straightforward path to profit from continued leadership.This morning's jump solidifies Friday's breakout bid by pushing QQQ well into unseen territory. The past three months have formed an ascending triangle that is completed and confirmed by this breakout.Implied volatility is trading at the lower end of its one-year range, making long option plays a cheap bet. Buy the Jan $197/$202 bull call spread for around $2.50. Microsoft (MSFT)Source: ThinkorSwim Microsoft (NASDAQ:MSFT) has been one of the most consistent winners of the sector this year. Breakouts and pullbacks have all created profitable buying opportunities along the way. Its earnings announcement reaction last week was subdued, but the numbers were good enough to keep MSFT stock's trend alive and kicking.The past three months have seen a tight consolidation form that is breaking to the upside with this morning's gap. It's trading up 3% right out of the gate. * 7 Defense Stocks to Buy to Fortify Your Portfolio Like QQQ, MSFT options are cheap right now, making long call spreads a low-cost bet. If you think the stock powers higher into year-end, then buy the Jan $145/$150 bull call spread for around $2.20. Intel (INTC)Source: ThinkorSwim Friday's powerful breakout in Intel after better-than-expected earnings demands its inclusion among key stocks to buy today. The chart is simply too pretty to pass up. Earnings announcements often set the tone for the quarter with poor performance weighing on stocks for months while great numbers buoy it up for the quarter.While INTC stock may need some pause after Friday's 8% rip, the downside should be limited in light of its strong fundamental backing right now. If we're lucky enough to see a pullback in the coming days, then use it to deploy bullish trades like naked puts or long call spreads.A break back below $53 would warrant reassessment. Barring that, the future looks excellent for INTC stock.As of this writing, Tyler Craig held bullish positions in INTC. For a free trial to the best trading community on the planet and Tyler's current home, click here! More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 7 AI Stocks to Buy to Profit from the Recent Tech Correction * 5 IPO Stocks With Lockup Expiration Dates Around the Corner * 3 Clean Energy ETFs for a Brighter Future The post 3 Tech Stocks to Buy After the Nasdaq Breakout appeared first on InvestorPlace.