|Bid||36.10 x 21500|
|Ask||36.13 x 1000|
|Day's Range||35.80 - 37.28|
|52 Week Range||28.39 - 64.66|
|Beta (3Y Monthly)||N/A|
|PE Ratio (TTM)||3.29|
|Earnings Date||Jun 18, 2019 - Jun 24, 2019|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||46.63|
Stocks did a good job bouncing off their morning lows, but how long can bulls keep that action up? The market would do a whole lot better if investors didn't have to worry about a tweet from the president sending a ripple through Chinese and U.S. trade negotiations, but that's the market we have right now. Let's look at some top stock trades to get started on next week. Top Stock Trades for Tomorrow 1: BaiduBaidu (NASDAQ:BIDU) has one of the worst-looking charts out there among the names that I follow.InvestorPlace - Stock Market News, Stock Advice & Trading TipsIt made a really elongated wedge from 2015 to 2017. I was hoping the bulls would be able to keep the stock above the backside of this prior resistance mark, but so far, no cigar. Maybe they can salvage it next week, but it's looking pretty awful.Below all of its major weekly moving averages (and daily moving averages for that matter), as well as any meaningful support level and this one is simply a no-touch for traders. Shares are down more than 15% after reporting earnings. * 6 Chinese Stocks That Could Pop On a Trade Deal Until we see some hints of a reversal (maybe near $115 to $120) or until BIDU can reclaim $130 and $140, this one is stuck in no man's land for the time being. Top Stock Trades for Tomorrow 2: Tesla Click to EnlargeWe've been sounding the alarm bell on Tesla (NASDAQ:TSLA) since long-time range support near $245 to $250 gave way. It's been stuck in this nasty downtrend and is making new 52-week lows on Friday.Do bulls make a stand next week, perhaps near $210? Maybe. Or we might continue to see a flush. Wait for the move first, then react. Reclaiming channel support gives investors a level to shoot against while aiming for a retest of channel resistance. See how it trades on Monday and Tuesday. Top Stock Trades for Tomorrow 3: iQiyi Click to EnlargeDown more than 6% and it's clear that the market doesn't care about iQiyi's (NASDAQ:IQ) strong user growth or revenue growth. Profits are missing and that's worrying investors. It doesn't help that IQ is a Chinese stock too.The sign it was in trouble came once shares broke below $23, the gap-from level back in February. For those that needed an even more clear sign, the retest-and-fail earlier this month (purple arrow) showed that IQ's time was up.Below all of its major moving averages and with a trend pointed lower, IQ stock doesn't look good. Maybe it bottoms near $18 to $18.50. If it breaks this mark, there could be a long way down. Keep in mind this stock was below $15 back in December. For anything sustainable to get going on the long side, it needs to get above its 20-day moving average. Top Stock Trades for Tomorrow 4: Deere Click to EnlargeDown 7.25% on earnings and it's a tough day for Deere (NYSE:DE) too. Shares broke below range support at $155, as well as the 50-week moving average near $150. Now near $136, and DE may actually be setting up as a solid risk/reward long.Shares have only closed below $135 on a weekly basis once since December 2017. Should this level hold next week, it could be a good spot to nibble. There have been a few "shoots" below this mark -- some to the upper-$120s, some just into the $134s -- but by and large $135 has held. A close below could take DE to $125.Ideally, we see DE shoot below $135 before reversing higher and closing above this week's lows. Then we'll have a more measurable setup. Top Stock Trades for Tomorrow 5: Micron Click to EnlargeLast but not least, here's a good lesson in Micron (NASDAQ:MU). Shares are down 3.3% on Friday and have been hammered these past few weeks. Remember at the beginning of the month, we flagged the warning signs here. In hindsight, I should have been even more cautious.Shares were still OK despite that lower low (orange arrow) but then it notched a lower high as well. Once it broke $40.76 to the downside, that was the last-straw sign to bail. Now bouncing off $36, it's been an ugly ride. If trapped bulls are lucky, they'll get a bounce next week that they can unload into. * 3 Chinese Stocks to Buy Now and Hold for the Long Haul Otherwise, use this one as a lesson. When the trend bends, it's no longer your friend.Bret Kenwell is the manager and author of Future Blue Chips and is on Twitter @BretKenwell. As of this writing, Bret Kenwell did not hold a position in any of the aforementioned securities. More From InvestorPlace * 4 Top American Penny Pot Stocks (Buy Before June 21) * 7 Stocks to Buy that Lost 10% Last Week * Top 7 Dow Jones Stocks of 2019 -- So Far * 5 Service Stocks That Can Win the Trade War -- According to Goldman Sachs Compare Brokers The post 5 Top Stock Trades for Monday: TSLA, BIDU, IQ, DE, MU appeared first on InvestorPlace.
Think what you may of President Trump, but there is an undeniable fact. If you watch the stock market as closely as I do, you would notice that Trump often has impeccable timing to prop up the market. • The chart shows the stock market was falling.
How Trump's Executive Order Affected Tech StocksNational securityUS President Donald Trump has declared yet another national emergency. On Wednesday, Trump signed an executive order saying “foreign adversaries are increasingly creating and
U.S. tech giants are lobbying for the green card process to be reformed, and President Donald Trump has a plan to overhaul it.
WASHINGTON/BEIJING (Reuters) - A U.S. bid to block China's Huawei Technologies from buying vital American technology threw into question prospects for sales at some of the largest tech companies and drew a sharp rebuke from Beijing, further ratcheting up tensions over trade. Shares of Huawei's U.S. suppliers fell on fears the Chinese firm would be forced to stop buying American chips, software and other components after the Trump administration banned it from buying U.S. technology without special approval.
BOISE, Idaho, May 16, 2019 -- Scott DeBoer, Executive Vice President of Technology Development, will present an update on Micron’s technology roadmap and strategy. The webcast.
WASHINGTON/NEW YORK (Reuters) - The Trump administration on Wednesday took aim at China’s Huawei Technologies Co Ltd, banning the firm from buying vital U.S. technology without special approval and effectively barring its equipment from U.S. telecom networks on national security grounds. Taken together, the two moves threaten Huawei's ability to continue to sell many products because of its reliance on American suppliers, and represents a significant escalation in the U.S. government's worldwide campaign against the company. The steps also come at a delicate time in relations between China and the United States as the world's two largest economies ratchet up tariffs in a battle over what U.S. officials call China's unfair trade practices.
Chip stocks have been struggling of late as trade tensions between China and the U.S. increase. The Trump administration's latest move on that front could add pressure to the chipmakers.
Micron shares moved to support on growing concerns over how the trade war will affect U.S. chipmakers that sell products in China.
BOISE, Idaho, May 16, 2019 -- Ballistix®, Micron’s leading global brand of gaming memory, today announced that its Elite DDR4 3600MT/s memory was used to set a new overclocking.
Investing.com - Semiconductor stocks were on the back foot Thursday after President Donald Trump banned U.S. companies from using telecom infrastructure from Huawei, citing national security concerns.
Let's take a look at what investors should expect from Nvidia's Q1 fiscal 2020 earnings and revenue after the closing bell Thursday.
David Tepper's Appaloosa LP bulked up its positions in technology companies and dropped two big financial institutions from its portfolio at the end of March, according to a regulatory filing Wednesday. Appaloosa added a million shares of Alibaba Group Holding , 165,000 shares of Amazon.com Inc. and 200,000 shares of Salesforce.com Inc. . It bolstered holdings in Facebook Inc. , Micron Technology Inc. , and PG&E while more than doubling its stake in Allergan PLC to 3.13 million shares from 1.15 million at the end of December. Appaloosa has been pressuring the drug company to split its chief executive and chairman roles as part of its effort to push Allergan to review its business strategy. Meanwhile, the hedge fund sold out of Wells Fargo & Co. , Bank of America Corp. , and NRG Energy Inc. , according to its 13F filing.
International Data Corp. said Wednesday that semiconductor sales are expected to suffer a sharp downturn in 2019 after growth in three consecutive years. The analysis firm said that chip sales are now expected to decline 7.2% this year, to $440 billion from $474 billion, after growing 13.2% in 2018. Much of the downturn is attributed to memory chips, which were bought in large amounts in 2018 due to short supply at the end of 2017, and are now being digested by the companies that bought them, hurting memory suppliers such as Micron Technology Inc. and Samsung Electronics Co. Ltd. Non-memory semiconductors are expected to grow sales by 1% in 2019, IDC said. Major chip companies have predicted that the current downturn will end in the second half of 2019, and IDC predicts that the bottom will likely occur by the end of the third quarter and sales will bounce back in 2020 and beyond.
Over the past few years, Mohnish Pabrai (Trades, Portfolio), the managing partner of Pabrai Funds, has been moving his portfolio away from the U.S. and Europe, replacing Western equities with stocks that he likes in India. Warning! GuruFocus has detected 2 Warning Sign with BRK.A. Click here to check it out. The company he decided to start buying was semiconductor manufacturer Micron (MU).
SECTORFOCUS BLOG Ongoing trade issues could hurt shares of Micron more than most semiconductor stocks, according to new research. (MU) stock (ticker: MU) is down about 8% this month as trade tensions have escalated.
Mohnish Pabrai (Trades, Portfolio), the managing partner of Pabrai Funds, expanded his U.S. holdings in the first quarter by tripling his holding of Micron Technology (MU). Warning! GuruFocus has detected 1 Warning Sign with DOW. Semiconductor memory company Micron is his only U.S. investment out of the roughly $1 billion he manages across all his funds.
Irvine, CA, based Investment company Dalal Street, LLC buys Micron Technology Inc during the 3-months ended 2019Q1, according to the most recent filings of the investment company, Dalal Street, LLC.
US-China Trade War Might Cause Semiconductor Casualties(Continued from Prior Part)How tariffs affect businessesTariffs spell bad news for businesses, as they increase the price of raw materials, components, and finished goods. These costs are passed