190.52 -0.65 (-0.34%)
After hours: 7:49PM EDT
|Bid||190.26 x 800|
|Ask||190.73 x 900|
|Day's Range||188.70 - 192.81|
|52 Week Range||124.46 - 292.76|
|Beta (3Y Monthly)||2.37|
|PE Ratio (TTM)||28.83|
|Earnings Date||May 15, 2019|
|Forward Dividend & Yield||0.64 (0.36%)|
|1y Target Est||183.19|
Tesla CEO Elon Musk announced at an investor event that the company will have robotaxis on the road within the next year. Tim Higgins, a reporter with the Wall Street Journal, joins "Squawk Box" along with CNBC's Phil LeBeau to discuss.
Macro Updates: Record Highs, US-China Talks, and More(Continued from Prior Part)US-China trade talksThe United States (SPY) and China (FXI) have held six rounds of trade talks after US President Donald Trump and Chinese President Xi Jinping agreed
TSMC's Q1 Earnings Signal Beginning of Semiconductor Growth(Continued from Prior Part)TSMC’s revenue by applicationTSMC (TSM) is the world’s largest foundry and manufactures chips for all major end markets. The foundry divides its revenue into
TSMC's Q1 Earnings Signal Beginning of Semiconductor Growth(Continued from Prior Part)TSMC’s first-quarter revenue TSMC (TSM) is the world’s largest foundry and earns revenue by manufacturing chips for semiconductor designers at its fabrication
TSMC's Q1 Earnings Signal Beginning of Semiconductor GrowthTSMC’s first-quarter earnings bottom out TSMC (TSM) is the world’s largest semiconductor contract manufacturer. It serves a host of chip designers including Apple (AAPL), NVIDIA (NVDA),
ON Semiconductor (ON) first-quarter results are expected to benefit from strength in Industrial and Automotive end-markets.
As most companies in this space are expected to deliver an earnings surprise, the semiconductor ETFs therefore might continue to see smooth trading in the weeks ahead.
The Latest Buzz from the Semiconductor Sector: QCOM, INTC, AVGO(Continued from Prior Part)Omnitek technology to complete Intel’s programmable chips businessThis month Intel (INTC) announced the acquisition of British programmable chip maker
"All Tesla cars being produced right now have everything necessary for full self-driving," CEO Elon Musk said at the event. Three years ago, the company began working on its own chip dedicated solely to powering autonomous driving functions. The plan is to have full autonomous driving capabilities rolled out by year's end and to have a fleet of robotaxis operating in 2020.
On Monday he took a swipe at semiconductors, arguing that his own engineers have created technology that puts chipmakers’ efforts in the shade. Musk also knocked other approaches to building systems that will make human drivers redundant and made claims about the way Tesla is bucking conventional wisdom to tackle one of the most complex engineering problems today. Here is a fact-check of the technology behind driverless cars.
How Will Intel's Business Decisions Impact Investors?(Continued from Prior Part)About Omnitek Intel (INTC) is expanding its data-centric businesses organically and through acquisitions, and its recent acquisition is in the PSG (Programmable
Intel (NASDAQ:INTC) reports earnings on Thursday afternoon on an absolute roll. Intel stock touched a 19-year high this week. And after stumbling toward the end of last year, INTC stock now has gained 25% so far this year.Source: Shutterstock Even what looks like bad news is good news. The surprise settlement between Apple (NASDAQ:AAPL) and Qualcomm (NASDAQ:QCOM) last week meant the end of Intel's efforts to develop its own 5G modem. But analysts actually saw the loss of business as a positive, and INTC stock jumped higher.The question at this point, however, is just how much good news is priced in … and how much good news is left to report. Intel stock admittedly doesn't look that expensive, at a little over 12x 2020 earnings-per-share estimates. But the big run so far this year, in turn, has raised expectations and that means Intel earnings on Thursday need to be quite strong just to keep the stock at its current, elevated levels.InvestorPlace - Stock Market News, Stock Advice & Trading Tips Intel EarningsOne plus for Intel is that expectations for the first quarter aren't particularly high. Consensus estimates project a modest decline (0.3%) in revenue year-over-year, with adjusted EPS equal to last year's 87 cents. Those estimates almost exactly match Intel's guidance for the quarter, given with Q4 results back in January. * 10 High-Yielding Dividend Stocks That Won't Wilt So if Intel was being conservative with its guidance, the company should be able to post a headline beat on Thursday afternoon. But there's more to the report than just meeting -- or beating -- expectations. Any beat means Intel was able to grow revenue and earnings -- growth that, even with the big gains of late, isn't quite priced in.And it would show that the company's "data-centric" strategy, as the company terms it, is working. Data-centric revenue accounted for 48% of the 2018 total, per the 10-K, and likely over half this year. The remainder -- sales related to PCs -- is unlikely to grow, putting pressure on the data side of the business.To be sure, Q1 earnings alone won't make or break the case for Intel stock. But they can certainly impact the narrative, particularly in the near term. An earnings beat means Intel is growing. It means the shift to data-centric products is working. And it suggests that the earnings multiple assigned to INTC could expand, moving Intel stock higher.On the other hand, however, any stumble looks dangerous. Again, Intel is up 25% this year; it has added over $50 billion in market capitalization. While the stock isn't particularly expensive, bulls clearly are looking for good news from earnings. If they don't get it, INTC stock could struggle on Thursday … and beyond. INTC Stock Looks ExpensiveI wrote at the end of 2018 that INTC stock didn't look like the best chip play for 2019, and that has actually been the case. Nvidia (NASDAQ:NVDA) has risen 41%. Shares of Intel rival Advanced Micro Devices (NASDAQ:AMD) have gained 52%. Given the optimism toward chip stocks and the pessimism with which the market closed 2018, INTC's gains this year aren't quite as much of an outlier as they might seem.That said, it does look like Intel is going to have to post a big beat on Thursday to keep this rally going. Intel stock has actually outpaced Wall Street, whose average target is just $54.59, suggesting 7%+ downside; 12x+ earnings might seem cheap, but half the business is likely to decline as PC unit sales continue to fall. While the valuation here might not seem prohibitive, there doesn't seem to be much room for error here.That's true in terms of earnings Thursday, but it's also true beyond the report. Intel is a wonderful company, but the reliance on PCs and the cyclical nature of the semiconductor space both suggest that Intel stock should be rather cheap. Earnings on Thursday are likely to provide further evidence, and that probably won't do much for INTC stock.As of this writing, Vince Martin did not hold a position in any of the aforementioned securities. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 10 High-Yielding Dividend Stocks That Won't Wilt * 4 Energy Stocks Soaring as Trump Tightens on Iran * 7 Tech Stocks With Too Much Risk, Not Enough Upside Compare Brokers The post It Will Take a Huge Earnings Report to Move Intel Stock Higher appeared first on InvestorPlace.
When you first start learning how to read stock charts, it can be a little intimidating. But you can quickly get up to speed with this new series on Chart Reading For Beginners.
The Latest Buzz from the Semiconductor Sector: QCOM, INTC, AVGO(Continued from Prior Part)Intel was losing money in modem businessIntel (INTC) this month announced its intention to exit the smartphone modem business. That means that Intel has
Tesla CEO Elon Musk is just like P.T. Barnum, says CNBC's Jim Cramer. It's kind of annoying but he's exciting," argues Cramer. Tesla TSLA CEO Elon Musk is just like P.T. Barnum, CNBC's Jim Cramer said Tuesday.
See who joins Facebook, Alibaba, Five Below, and Autohome on this stock screen based on the investing strategy of Berkshire Hathaway CEO Warren Buffett.
[Editor's note: This story has been edited to correct a misstatement concerning the status of Watson Health.]The case for IBM (NYSE:IBM) stock seems reasonably easy to make. For one, International Business Machines stock (as it's sometimes known) is among the cheapest issues in the market. IBM stock trades at just 10x 2019 EPS estimates and yields a healthy 4.5%.Source: Shutterstock That combination seems like it should be an attractive one for the longtime tech giant. And indeed, I recommended IBM stock on two occasions last year, most recently amid a sell-off in November. There was - and still is - a "get paid to wait" argument for betting on a turnaround. I myself sold puts on IBM early last year, with the goal of either keeping a healthy premium or acquiring International Business Machines stock at a more attractive price.InvestorPlace - Stock Market News, Stock Advice & Trading TipsThe problem with IBM stock, however, is that the combination of a cheap price and a solid yield has held for years now. And over that stretch, IBM shares simply have kept falling. The stock actually touched a nine-year low in December. Even with a rally of late, IBM trades more than 20% below early 2017 highs. For nearly three years now, IBM has been a yield trap. * 7 Tech Stocks With Too Much Risk, Not Enough Upside For that to change, the turnaround needs to take hold. And while there's still hope, the recent Q1 earnings report hardly showed much progress. IBM stock still is cheap - but until the underlying business improves, it very well might stay that way. IBM Falls After EarningsIBM infamously posted 23 straight quarters of declining revenue (on a year-over-year basis) before breaking the streak with the Q4 2017 report. Unfortunately, Big Blue is back to its old ways.Three straight quarters of growth have been followed by three straight quarters of decline. In those previous three reports, IBM has fallen short of consensus revenue estimates each time.In Q1, sales fell 0.9% year-over-year, even backing out currency effects. Pre-tax margins did expand sharply (some 300 basis points) but a comparison against one-time charges in the year-prior quarter was a big help. EPS, in part due to a higher tax rate, actually declined to $2.25 from $2.45 the year before.From a broad standpoint, it doesn't look like enough, and the 4%+ decline in IBM stock makes some sense. A Closer Look at EarningsThat said, looking at the quarter more closely results in an "eye of the beholder" situation. For instance, a big issue in the quarter was mainframe sales: IBM Z revenue dropped 38%, per the IBM Q1 conference call. But as The Motley Fool pointed out, that's in part due to the mainframe cycle that may rebound in 2020 or 2021 as a new product is released.At the same time, however, it was that same cycle that largely drove the three-quarter stretch of growth a year ago. Without that cycle, IBM still is a long way from keeping revenue stable.Outside of mainframe, the news looks mixed. Unsurprisingly in the current climate, IBM seeks some growth in key areas. Constant-currency cloud revenue grew 12%, per the Q4 call; that business, over the past four quarters, now has generated about a quarter of total revenue. Consulting revenues are up.But there's a bit of a "rising tide lifts all boats" phenomenon there. Cloud revenue should be rising and perhaps should be rising much faster. Different companies have different definitions of "cloud", but the 12% rate clearly lags those of other tech giants like Microsoft (NASDAQ:MSFT) and Amazon.com (NASDAQ:AMZN). It's difficult from the numbers to believe that IBM is gaining market share; rather, its positioning seems to be eroding in a fast-growing market.Watson increasingly looks like a disappointment. Cloud & Cognitive Software, on the whole, grew constant-currency revenue just 2% in the quarter. However, according to a statement by IBM Watson Health spokesperson John Roderick, the company is not discontinuing its efforts here. Instead, IBM will continue to focus its efforts on existing Watson for Drug Discovery customers:"IBM is not discontinuing its Watson for Drug Discovery offering, and remains committed to its continued success for clients currently using the technology," Roderick told InvestorPlace. "IBM is focusing its resources within Watson Health to double down on the adjacent field of clinical development where the company sees an even greater market need for its data and AI capabilities."Indeed, IBM is growing in seemingly hot areas like cloud and AI. That said, it's declining elsewhere and not growing fast enough where it should be. It certainly is not keeping pace in stronger end markets. As those markets slow and we've already seen cloud worries hit chip stocks like Nvidia (NASDAQ:NVDA) and Intel (NASDAQ:INTC) - IBM's growth will slow, too. What does the story here look like then? How to Play IBM StockThat said, IBM still is cheap, and I'm not sure the case is terribly different from what it was a year ago. There's still hope; there are still valuable businesses in-house, and the acquisition of Red Hat (NYSE:RHT) should help revenue and profit growth (though interest expense will limit the initial bottom-line contribution).For now, there's enough to see International Business Machines stock muddling through and maybe even to see the dividend as attractive. It's worth noting that other low-growth/turnaround tech plays, Oracle (NYSE:ORCL) and Cisco Systems (NASDAQ:CSCO) being the two best examples, have soared of late. Those companies have shown a bit more promise, but they also highlight the potential upside here if IBM can change the narrative.The catch remains, however. For real upside in its shares, IBM has to change the narrative and Q1 wasn't enough to do that. Taking the longer view, it's difficult to ignore recent history, and unwise to buy IBM stock simply because it's cheap. It's been cheap for a while, and that's done little for IBM shareholders.Selling puts (or covered calls) can hedge exposure, and lower the effective price here; that maybe makes IBM more attractive. At a certain point, IBM simply has to drive growth one way or another. Investors have been waiting a long time for that to happen and after Q1, they're still waiting.As of this writing, Vince Martin has no positions in any securities mentioned. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 7 Tech Stocks With Too Much Risk, Not Enough Upside * 7 Companies That Are Closing the CEO-Worker Wage Gap * 7 Video Game ETFs That Will Make You a Winner Compare Brokers The post IBM Stock Keeps Moving Sideways With No End in Sight appeared first on InvestorPlace.
SANTA CLARA, Calif., April 23, 2019 -- NVIDIA today introduced the GeForce® GTX® 1660 Ti and 1650 Turing-based GPUs for gaming laptops, which deliver a major jump in overall.
On Tesla Autonomy Investor Day, CEO Elon Musk was all too confident about carrying out autonomous robotaxis next year. Wall Street analysts believe the technology is still far from ready and it puts Tesla at a risky position to compete with leaders in ride-hailing and software industries. "We see a significant amount of technology and execution risk in the shift in strategy from competing in just electrification to Tesla also beating Nvida in hardware, Google in software, and building a better ride-hailing service than current ride hailing leaders," Cowen's analyst Jeffrey Osborne says.
Intel (NASDAQ:INTC), a giant within the almost-$500 billion global semiconductor industry, has recently seen a 52-week high at $59.59. INTC stock is expected to release earnings on April 25, after the close.Source: Shutterstock I believe that the relatively strong recent performance of the stock has been based on robust fundamentals, which I expect to continue in the rest of the year. With earnings season in full swing, let us look at the catalysts that are likely to provide tailwinds to INTC stock price. Intel Has Leadership and Robust FundamentalsIn 2018, Intel faced some challenges. At the time, the pain in INTC stock coincided with the sudden resignation of its CEO in June 2018, and Wall Street was not been impressed with how long the process to replace the interim CEO took. Finally in January 2019, the company named Robert Swan as the new CEO.InvestorPlace - Stock Market News, Stock Advice & Trading TipsIts quarterly results released on Jan. 24 showed that Intel missed on revenue and the company gave weak guidance. However, many analysts highlighted that the tech giant was still delivering impressive double-digit growth at around 10% and enjoyed a dominant position in key markets. * 10 High-Yielding Dividend Stocks That Won't Wilt Intel's two largest segments are the client computing group (CCG) and data center group (DCG). Together they contribute almost all of Intel's operating profits.CCG includes Intel's PC and mobile-device chip business. The Central Processing Unit (CPU) is the "compute" in the computer. Intel's CGC segment makes the CPUs. INTC controls nearly three quarters of the CPU market, and Intel processors are the main component in most of the personal computers and servers globally.On the other hand, Intel's DCG segment makes CPUs that are optimized for enterprise-grade hardware, namely for data-center servers. On Apr. 2, the company held its Data-Centric Innovation Day, when it reaffirmed performance leadership in data center products and unveiled its next-gen processors as well as platform technologies.Intel currently holds a 99% share of the data center server market, which has been a consistent growth driver for the company. In 2014, about a third of Intel's revenue was data-centric; now it's half.Many investors believes that Intel's technological innovations will increase its ecosystem in diverse growth segments, including artificial intelligence (AI), 5G and autonomous driving (AD). These emerging sectors all require data in enormous quantities and at extremely high speeds.Although the tech titan is a mature company, Wall Street is seeing further growth opportunities as Intel re-orients itself to rely less on PCs and improves its revenue model to capitalize on the growth of the data business. Intel Stock Offers Strong Dividend Yield and Share BuybackOn March 14, Intel declared a quarterly common stock dividend of 31.5 cents per share, payable on June 1, 2019, to shareholders of record on May 7, 2019. INTC's dividend yield is a respectable 2.15%. Only a handful of established technology companies offer investors stable and growing dividends -- an important reason why Intel stock belongs to a capital-growth portfolio.Intel management has also been rewarding investors with share repurchases. In November 2018, the company announced a $15 billion increase in its stock repurchase program -- another indication of proactive management that aims to deliver higher stock returns for long-term investors. Short-Term Technical Analysis Year-to-date, Intel stock is up over 25%. As a result of the recent impressive run-up in the stock price, short-term technical indicators have become somewhat overextended. Investors who pay attention to short-term oscillators should note that INTC's technical message has also become "overbought."So, following its earnings report, there might be some profit-taking in INTC stock. Furthermore, if the industry or the broader market decline as companies release earnings, the Intel stock price may also be adversely affected. Several of Intel's competitors include Advanced Micro Devices (NASDAQ:AMD), Qualcomm (NASDAQ:QCOM) and NVIDIA (NASDAQ:NVDA) and as the market reacts to news and numbers from any of these companies as well, Intel's share price is likely to become choppy, too.If you already own Intel shares, you might want to hold your position. That said, if you are worried about short-term profit taking, then within the parameters of your portfolio allocation and risk/return profile, you may consider placing a stop loss at about 3%-5% below the current price point, to protect your profits to date.If you are an experienced investor in the options market, you may also consider using a covered call strategy with approximately a two-month time horizon. In that case, you may, for example, buy 100 shares of INTC at a limit price of $58.82 and, at the same time, sell an INTC June 21 $57.50 call option, which currently trades at $3.The $57.50 option is slightly in-the-money, offering downside protection in case of volatility and a decline in Intel stock. This call option would stop trading on June 21, 2019, and expire on June 22.In other words, I would not advocate bottom-picking in case of near-term price weakness. Yet, I find INTC stock to be a compelling buy candidate and by the end of 2020, I'd expect the shares to reach $70. The Bottom Line on INTC StockIntel's first-quarter earnings release will give Wall Street a chance to analyze the company's latest results and assess whether the stock's recent run-up in price can continue the rest of the year.Investors who are interested in INTC stock but do not want to commit all their capital to a single stock may also consider investing in various exchange-traded funds (ETFs) that have Intel as a holding. Examples of such funds include the VanEck Vectors Semiconductor ETF (NYSEARCA:SMH), the iShares PHLX Semiconductor ETF (NASDAQ:SOXX) or the Invesco Dynamic Semiconductors ETF (NYSEARCA:PSI).As of this writing, Tezcan Gecgil did not hold a position in any of the aforementioned securities. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 10 High-Yielding Dividend Stocks That Won't Wilt * 4 Energy Stocks Soaring as Trump Tightens on Iran * 7 Tech Stocks With Too Much Risk, Not Enough Upside Compare Brokers The post Should Long-Term Investors Buy into Intel's Earnings Results? appeared first on InvestorPlace.