|Bid||250.70 x 700|
|Ask||251.00 x 100|
|Day's Range||250.45 - 253.50|
|52 Week Range||152.91 - 269.20|
|PE Ratio (TTM)||41.70|
|Earnings Date||Aug 16, 2018|
|Forward Dividend & Yield||0.60 (0.24%)|
|1y Target Est||280.66|
In early February, the stock market was in sell-off mode because inflation and rate hikes were pushing up fixed income yields, which was increasing borrowing costs and pressuring equity valuations. Such inflation concerns have largely moved into the rear-view mirror. History suggests that despite an inverted yield curve, the stock market should do just fine for the next 12-plus months.
With its various market-leading products, Nvidia's ecosystem will make it a leader in the autonomous driving movement.
On Wednesday after the close, eBay (NASDAQ:EBAY) reported its fiscal second-quarter earnings results. Worse, management provided lower-than-expected revenue guidance. The result has EBAY stock down 10% in Thursday’s trading session.
SANTA CLARA, Calif., July 19, 2018-- NVIDIA will host a conference call on Thursday, August 16, at 2:30 p.m. PT to discuss its financial results for the second quarter of fiscal year 2019, ending July ...
Largely unchanged for decades, the construction industry is primed for a tech revolution, finding better, faster, cheaper and smarter ways to build.
Chip stock investors have reason to cheer a bit today, as one of the major datapoints for the industry came in better than feared. Taiwan Semiconductor Manufacturing (TSM), the largest contract chip manufacturer, which produces chips for Qualcomm (QCOM), Nvidia (NVDA), and many, many others, overnight reported Q2 results that suggest a less-bad market this fall for smartphone technology, which has been one of the most troubling aspects of the chip business this year. Today's positive response by chips is a big change from TSM's Q1 report, back in April, when it missed revenue expectations because of a breakdown of the smartphone market.
Taiwan Semiconductor (TSM) reported earnings of $0.47 per share on $7.85 billion in revenues Thursday morning. But the report told us about more than just TSM, so let's take a look at what else was inside.
TSMC, the world's top chip contract manufacturer (foundry), reported Q2 revenue of $7.85 billion (up 11% annually) and EPS of $0.47. Revenue was for all intents already known thanks to monthly sales reports, and EPS beat consensus by a penny. As noted a couple weeks ago while making a bull case for TSMC, shares had already priced in investor concerns about slowing smartphone demand.
EU antitrust regulators on Thursday charged Qualcomm (QCOM.O) with a new violation in a case where the U.S. chipmaker has been accused of selling chipsets below cost to drive out Nvidia Corp (NVDA.O) unit and British phone software maker Icera. "The supplementary statement of objections sent today focuses on certain elements of the "price-cost" test applied by the Commission to assess the extent to which UMTS baseband chipsets were sold by Qualcomm at prices below cost," the European Commission said. The EU enforcer had in 2015 accused the world's No. 1 chipmaker of abusing its market power to thwart Icera between 2009 and 2011, following a complaint from Icera.
U.S. chipmaker Qualcomm (QCOM.O) on Thursday expressed disappointment with EU antitrust regulators' decision to continue an investigation in a case where it has been accused of charging below cost prices to stymy British phone software maker Icera. "While the investigation has been narrowed, we are disappointed to see it continues and will immediately begin preparing our response to this supplementary statement of objections," Qualcomm general counsel Don Rosenberg said in a statement. "We believe that once the Commission has reviewed our response it will find that Qualcomm’s practices are pro-competitive and fully consistent with European competition rules," he said.
Pure Storage (PSTG) recently introduced FlashStack with FlashBlade in collaboration with Cisco. The company also announced availability of AIRI & AIRI Mini, a comprehensive AI ready infrastructure.
Evercore ISI analyst C.J. Muse cited the company's delays in moving to its next-generation chip manufacturing technology to keep up with rivals such as Advanced Micro Devices Inc. ( AMD) and NVIDIA Corp. ( NVDA). To add to investor uncertainty, Muse noted that Intel's search for a new CEO after the surprise resignation of Brian Krzanich brings some risk to the stock. (See also: Why Intel Stock May Plunge 15% Further.) Intel: Losing Manufacturing Advantages? In June, Intel's former CEO stepped down due to an alleged infraction of the firm's nonfraternization policy that stemmed from a consensual relationship.
Traders would be wise to scour Jefferies' "Franchise Pick" stock list, like now. In June, the list of stocks outperformed the S&P 500 by 160 basis points on a total return basis. Considering the market has been meandering at best of late on trade war and inflation concerns, any stock list that beats the market is reason to take notice.
In the earlier parts of the series, we saw that Advanced Micro Devices’ (AMD) EPYC server CPUs (central processing units) are being adopted by several server OEMs (original equipment manufacturers) and cloud companies. It is also gaining ground in the PC CPU and GPU (graphics processing unit) space, which encouraged it to go beyond its three traditional markets and tap the emerging technologies of ML (machine learning) and automotive.
The company sells a $1,950 camera that looks like a large smartphone and uses 16 lenses and sensors to produce images that are up to 52 megapixels.
Advanced Micro Devices (NASDAQ:AMD) has been on fire since its last earnings report in late April. While AMD stock wasn’t trading at its absolute lows when it reported, it was pretty close. Anyway, the quarter helped propel shares from roughly $10 to more than $16 currently.10 Dow Jones Titans to Buy Now
The biggest stock market winners tend to have exceptional earnings growth, so see which companies today have the most explosive EPS gains.
The S&P 500 is an index containing the largest stocks in the country. Generally speaking, the index is also used as a benchmark, as everyone from retail investors to hedge fund managers compare their performance to it. With that being said, there are a lot of names in the S&P 500 that investors don’t want to own, simply because they are not performing well.
Here are some things going on today in the world of tech: Debating Those Ugly Netflix Numbers The Faang gang of stocks got a wobbly opening but is now solidly in the green, with Amazon.com (AMZN), Alphabet (GOOGL), and Facebook (FB) all rising. Netflix (NFLX), the proximate cause of the pain, is down $27.39, or almost 7%, to $373.09, which is something of a victory given it’s only half the decline the stock saw last night, after Netflix missed its own targets for net subscriber additions, and put expectations for more subscribers this quarter below consensus. The comments of management on the company’s video Q&A following the report is not exactly encouraging.
Is there that much money really on the sidelines? It sure feels that way. We have two of the biggest groups doing incredibly well, the techs which are advancing and the financials which are consolidating their gains, and those are both sectors that have been hit inordinately by China.