|Bid||105.01 x 1800|
|Ask||106.40 x 1000|
|Day's Range||104.90 - 106.44|
|52 Week Range||68.76 - 141.60|
|Beta (3Y Monthly)||1.46|
|PE Ratio (TTM)||28.74|
|Forward Dividend & Yield||1.48 (1.30%)|
|1y Target Est||N/A|
Sometimes, a great stock forms a cup base without a handle. What are the signs that such a pattern will still succeed? Consider Gen-Probe, a top biotech play in 2003.
Chipmaker Nvidia is at the forefront of AI and machine learning, but earnings and share prices have dived. Here is what fundamental and technical analysis say about buying Nvidia stock now.
As US semiconductor companies firms adjust their supply chains to avoid tariffs, they are coming to terms with the trade restrictions on Huawei.
Thursday's gain felt a little too strong to trust, and sure enough, it didn't last. The S&P 500 fell 0.66% on Friday, leaving it squarely in the middle of equally important support and resistance levels.Source: Shutterstock General Electric (NYSE:GE) was the proverbial problem child. It fell more than 3%, logging its seventh loss in eight sessions as worries about its turnaround resurfaced. Smaller Nektar Therapeutics (NASDAQ:NKTR) posted the decidedly larger loss though, giving up nearly 30% of its value after the company reported a production issue with one of the drugs in a key trial right now.One noteworthy winner … Amgen (NASDAQ:AMGN) rallied 6% on the heels of news it has won a case involving the patent on its Enbrel. There just weren't enough names like Amgen to finish the week on a high note.InvestorPlace - Stock Market News, Stock Advice & Trading Tips * 10 Medical Marijuana Stocks to Cure Your Portfolio As the new trading week kicks off, take a closer look at the stock charts of News Corp (NASDAQ:NWSA), Xilinx (NASDAQ:XLNX) and Gilead Sciences (NASDAQ:GILD). They're all positioned for major moves, with just the right nudge. Gilead Sciences (GILD)For the better part of June and July, Gilead Sciences was working on a break above a couple of different resistance levels. Although they were tough, a move above them could mark the beginning of a prolonged move higher. Unfortunately, before that advance had a chance to fully take hold, it petered out in the latter part of July.It may be too soon to give up on GILD stock just yet though. Last week it found support at a (very) familiar spot, and in the meantime we've moved to within reach of what could prove to be a hugely catalytic technical event. * Click to EnlargeThe support is the floor that lines up all the key lows since the end of 2018, marked in white on both stock charts. Gilead shares pushed up and off that floor last week, ending the pullback. * Thanks to June's big jump following a broad rally effort since March, the purple 50-day moving average line is close to crossing above the white 200-day average … a so-called "golden cross" that may spur more buying. * The weekly chart puts things in perspective. The loss since 2015 has been significant. The same weekly chart shows the stock is also on the verge of breaking above a couple different long-term resistance lines driving that downtrend. One is marked in blue, and the other red, tagging all the key highs going back for years. Xilinx (XLNX)Xilinx shares have been fighting a losing battle since July 24, when a budding rally quickly rolled over and turned into a selloff. Broad concerns about trade with China and specific concerns about its relationship with Huawei up-ended the bullish effort.The selloff initially looked manageable. Although the dip wasn't small, shares hinted as if they would find support where they most needed to (and where they did the last time support was found). Thursday's sharp gain largely solidified the bullish backdrop. Friday's big stumble, however, may have cemented more weakness in place. * 10 Internet Stocks Getting Hammered * Click to EnlargeThe line in the sand is the 200-day moving average, plotted in white on both stock charts. XLNX broke that support in a big way on Friday, logging its lowest close in weeks to end the week. * The volume for the past two weeks is problematic for the bulls too. The selling has been on high volume, and the one good day in the midst of the rout -- Thursday -- was clearly on below average volume. * Last week's selling has also pulled Xilinx to within striking distance of a key Fibonacci retracement line near $102. It may not break it with a straight-line move, but it's still vulnerable to such a breakdown. News Corp (NWSA)It was wholly inspired by its fourth-quarter earnings beat. Nonetheless, News Corp shares demonstrated impressive technical strength on Friday, finding support where it ideally would. The big move carried shares to a huge line in the sand as well, and though it didn't push shares past that line, NWSA stock is perfectly positioned to punch through that mark this week. It may just need to peel back a little bit first to get a good running start. * Click to EnlargeThe line in question is right around $13.77, marked in yellow on both stock charts, near where NWSA peaked on Friday as well as in late June. * The rally, however, ultimately started on Wednesday with a hammer-shaped reversal bar that found technical support at the gray 100-day and white 200-day moving average lines. * It would be easy to overlook in the midst of the volatility, but the purple 50-day moving average line moves above the 200-day moving average last month, pointing to a well-established uptrend.As of this writing, James Brumley did not hold a position in any of the aforementioned securities. You can learn more about James at his site, jamesbrumley.com, or follow him on Twitter, at @jbrumley. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 7 Large-Cap Stocks to Sell Right Now * 7 Stocks Under $7 to Invest in Now * 7 Marijuana Stocks With Critical Levels to Watch The post 3 Big Stock Charts for Monday: Xilinx, News Corp and Gilead Sciences appeared first on InvestorPlace.
During a talk with TheStreet, Lisa Su discussed AMD's growing software investments and partnerships with Xilinx and memory makers. She also suggested AMD doesn't plan to join Nvidia in selling its own servers.
(Bloomberg) -- The White House is holding off on a decision about licenses for U.S. companies to restart business with Huawei Technologies Co. after Beijing said it was halting purchases of U.S. farming goods, according to people familiar with the matter.Commerce Secretary Wilbur Ross, whose department has vetted the applications to resume sales, said last week he’s received 50 requests and that a decision on them was pending. American businesses require a special license to supply goods to Huawei after the U.S. added the Chinese telecommunications giant to a trade blacklist in May over national-security concerns.The U.S. decision rattled stocks, bonds, currencies and even soybean prices around the world. Huawei suppliers Micron Technology Inc. and Western Digital Corp. declined as much as 2.2% after news of the delay in license approvals, while Qualcomm Inc., Xilinx Inc. and NeoPhotonics Corp. all fell more than 1% in after-hours trading. Huawei’s dollar bond spreads widened by 10 to 15 basis points Friday morning, while the Australian dollar and offshore yuan weakened versus the greenback and the yen gained.Trade TrucePresident Donald Trump said in late June after agreeing to a now-broken trade truce with Chinese President Xi Jinping in Japan that some restrictions on Huawei would be loosened. But that promise was contingent upon China beefing up its purchases from American farmers, which Trump has complained the country has failed to do.In the past week tensions have escalated further as Trump said he would impose a 10% tariff on $300 billion of Chinese imports as of Sept. 1 and his Treasury Department formally labeled China a currency manipulator.Still, Trump said last week there were no plans to reverse the decision he made in Japan to allow more sales by U.S. suppliers of non-sensitive products to Huawei. He said the issue of Huawei is not related to the trade talks.The White House had no immediate comment, and the Commerce Department declined to comment. Huawei also declined to comment. China’s foreign affairs and commerce ministries didn’t immediately respond to faxed requests for comment.Tech PitchTechnology companies have already made their pitch to the White House for a rapid granting of licenses that would allow them to resume some shipments of components to Huawei.The Chinese company is one of the world’s biggest purchasers of semiconductors. Continuing access to that market is crucial to the fortunes of chipmakers such as Intel Corp., Qualcomm Inc. and Broadcom Inc. who sent their chief executives to meet with Trump in July.Companies such as Xilinx Inc. and Micron have publicly said they’ve applied for licenses and called on the U.S. to allow them to resume doing business with Huawei. They argue that many of their products are easily obtainable from their overseas rivals, making a ban ineffective and also harmful to the industry that the trade dispute with China is supposed to be helping.Some U.S.-based makers of electronic components have already reported earnings and given forecasts that show the negative effects of the trade dispute.(Updates with bond spread moves in fourth paragraph.)\--With assistance from Adam Haigh and Jeran Wittenstein.To contact the reporters on this story: Jenny Leonard in Washington at email@example.com;Ian King in San Francisco at firstname.lastname@example.org;Jennifer Jacobs in Washington at email@example.comTo contact the editors responsible for this story: Margaret Collins at firstname.lastname@example.org, ;Michael Shepard at email@example.com, ;Tom Giles at firstname.lastname@example.org, Sarah McGregor, Scott LanmanFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.
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[Editor's note: An earlier version of this article featured Cypress Semiconductor, which has been removed.]Last year saw chip stocks swoon. There was the beginning of the trade war with China and all the unknowns it brought about.Remember, the one thing the market hates more than anything is uncertainty. And living with the uncertainty of how this powerful industry was going to navigate an all-out - or even partial - trade war was on everyone's mind.InvestorPlace - Stock Market News, Stock Advice & Trading TipsAdd to that the fact the tax cut in December 2017 was starting to wear off and global economies weren't expanding as quickly as hoped. This meant spending was going to slow. And that meant semiconductor stocks may well be starting their downward cycle.Smaller firms were spared initially, as the big semi firms took the brunt of it. But then the sector suffered. * 7 Oversold Stocks To Buy Right Now This year is entirely different. The S&P Semiconductor Select Industry Index has returned a whopping 43.8% year to date, more than doubling the S&P 500's 21%.Even the slowing U.S. economy won't slow them down now. Below are seven semiconductor stocks to buy to satisfy your inner geek and your growth portfolio. Advanced Micro Devices (AMD)Source: Shutterstock Advanced Micro Devices (NASDAQ:AMD) looked like a goner a couple years ago.It was competing in two sectors that put it up against the biggest chipmakers out there, plus it was living on scraps from Intel (NASDAQ:INTC) and Nvidia (NASDAQ:NVDA) in both the CPU and GPU markets.As the market began to transform with AI, cloud, and IoT gaining momentum, AMD looked like it was a bit lost. It still made quality products, but was struggling to keep up. Lisa Su took over in 2015 and started to make changes, it was just a question of whether she could make them before it was too late.It's safe to say now, she has.AMD stock is making a comeback and competing again. It has also been beating earnings on a regular basis. AMD stock is up 90% year to date and is likely to beat earnings again on 30 July. All of these factors make AMD a key semiconductor stock to buy. Enphase Energy (ENPH)Enphase Energy (NASDAQ:ENPH) isn't technically a semiconductor stock, but it falls into the category since its niche doesn't really fit better anywhere else. At any rate, it's a great stock to buy.ENPH has become the leading builder of microinverter systems for the solar photovoltaic industry.Basically, when you get energy from solar panels (or most renewables), the electricity is DC (direct current). But the grid, residences, and offices operate on AC (alternating current).You have to convert that DC power to AC to make it useful. That's what inverters do.Prices are coming down as more solar is being deployed. ENPH is getting a lot of that new business. * 10 Stocks to Buy From This Superstar Fund The stock is up a whopping 324% year to date and this train just started running. Inphi (IPHI)Inphi Corp (NASDAQ:IPHI) is a small analog-to-digital chip maker company in a very high-growth space. Unfortunately, the trade war with China has hamstrung its ability to keep its rapid growth going.IPHI stock has bounced around the past few years but is really coming into its own over the past year. The stock is up 85% in the past year and 92% year to date. Its chips are focused in the server, communications and cloud sectors.Like all chip stocks, IPHI took a hit last year when the trade war started because it had big clients in China. The market for its products was growing quickly there as Chinese tech spread across Asia.But most analysts were bullish even after weak Q1 results this year. And that bullishness remains in place, especially now that the U.S. and China negotiating teams will be sitting back down in Shanghai on July 30. Lattice Semiconductor (LSCC)Source: Shutterstock Lattice Semiconductor (NASDAQ:LSCC) is back to focusing on its core technology - field programmable gate arrays (FPGAs). These are semiconductors that have become very popular products for a variety of industries.For a while, LSCC was trying to diversify its product lines into various sectors of the tech space, which wasn't getting much traction. LSCC is now back to focusing on its core business.That's why over the past two years the stock flat-lined for the most part, until 2019 began.Another big part of it was the fact that LSCC has had historically close ties to the Chinese market, so the trade war was a big factor in its performance. But again, uncertainty was more the issue. * 7 Stocks to Sell This Summer Earnings Season By January, the trade war fallout was clear and resetting expectations boosted LSCC. The stock is up 145% year to date and looks well positioned to get moving again as the U.S. relents on tech tariffs and China swoops in while the window is open. It's a stock to buy. Xilinx (XLNX)Xilinx (NASDAQ:XLNX) is one of the few stocks to buy on this list that isn't rallying like crazy.The reason? One of its top customers happens to be Huawei, the massive Chinese telecom company. It announced earlier this week that Q2 revenue was going to come in under analysts' expectation due to the trade embargo on sales to Huawei.But there's no real reason to be alarmed. This company has a $30 billion market cap, is up 44% year to date, and sells at a trailing PE of 35.XLNX is a leading chipmaker in two of the hottest sectors right now: 5G telecom and data centers.There's little doubt that XLNX will continue to grow and maintain its position in lead-edge technologies. It might not be growing as quickly as smaller firms in the sector, but it's a solid, world-class player with a very bright future. Cirrus Logic (CRUS)Source: Hamish Irvine via FlickrCirrus Logic (NASDAQ:CRUS) is what's known as a "fabless" chipmaker, which essentially means it outsources production of its silicon wafers. From here, things get pretty technical (read: "geeky"), as its production slate includes codecs for analog-to-digital or digital-to-analog converters, smart codecs, boosted amplifiers and haptic drivers, among other integrated circuits (IC). Chances are these ICs are used in your laptop, smartwatch or even your virtual reality (VR) headset, especially if your device is an iPhone.Cirrus Logic's stock has outperformed in 2019, rising 41% year-to-date. The performance of CRUS is closely tied to sentiment around Apple Inc. (NASDAQ:AAPL), up 30%-plus. As demand for iPhones increase, as does Cirrus shares. Some see weakness in Cirrus Logic's lack of diversification, but if you're going to be tied down, there's not many companies that are better to be tied to than Apple. * The 10 Best Index Funds to Buy and Hold Analysts tend to agree. With three buy ratings, two holds and one sell, the consensus is for CRUS stock to hit $51 over the next 12-months. Compared to its 40% rise this year, 5% is a drop in the bucket. But it's worth holding onto CRUS stock and buying on any dips as we head into a new iPhone cycle. Mellanox Technologies (MLNX)Source: Shutterstock Mellanox Technologies (NASDAQ:MLNX) is an Israel-based chip firm that also produces a number of interconnect and switch systems.Its fundamental purpose is to build support systems that facilitate data transmission between servers, storage systems, telecom and other embedded equipment. This is a very important bridge technology that allows all the tech on one side to get its information to the other side.In March, NVDA announced it was buying MLNX for $6.9 billion. INTC had tried to buy it in January but was rebuffed. Other suitors included Microsoft (NASDAQ:MSFT) and XLNX. It's a very sought-after company.While the company sells for around $113 a share, that doesn't exactly equate to where the stock will eventually land.At this point, MLNX is a stock to buy and an interesting way to buy into NVDA. This is a key player in a very important sector of tech moving forward. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 7 Oversold Stocks To Buy Right Now * 7 Stocks to Buy Upgraded by Wall Street * 7 Marijuana Stocks With Critical Levels to Watch The post 7 Semiconductor Stocks to Buy for Your Inner Geek appeared first on InvestorPlace.
I recently wrote about going long Micron (NASDAQ:MU) stock, and it has since rallied more than 45%, so it paid very well. When I get this much profits this fast, I usually book most if not all of them.Source: Shutterstock This is not the same as saying to short the stock -- it's just the right thing to do while managing a successful active trading portfolio.MU stock has been in a whirlwind, but that's mostly due to outside factors more than any problems of its own. It and the rest of the chip sector are stuck in the line of fire during the U.S. and China's economic war. The two nations are negotiating in the headlines, and stocks like Micron suffer the consequences.InvestorPlace - Stock Market News, Stock Advice & Trading TipsIn spite of this, most recently MU rallied $15 after the April correction. And it looks like it's headed much higher. MU Stock Could Reach $56 Per Share SoonEven though the chart show another $9 in upside potential, it could first suffer a small dip along the way. So if I am fundamentally long Micron stock, I stay with it. But for the cautious shorter-term traders who prefer to be active, they better wait out the next dollar move before initiating a new position. * 7 Oversold Stocks To Buy Right Now This recent rally brings it back to about the halfway point from the correction that started in May of 2018. This is often a natural resistance level. It also matches Fibonacci logic and the machines usually act on them. So MU stock on its way higher may still stumble here, but it should find support around $40 per share. I would chase it up once it clears the next $2.Fundamentally, Micron stock is cheap but could get much cheaper. Just recently, it fell to under 3 price-to-earnings ratio. However Wall Street is convinced that this MU is a value trap and it has the tendency to lock people into it on the premise of it being cheap. So that alone is not a reason to own it.The semiconductor industry as a whole has a bright future ahead. The world now demands more technology than ever, and this is a trend that will exponentially build from here. There are only a few suppliers for this technology and Micron is one of them.Last night Intel (NASDAQ:INTC) reported a strong report so it's more proof that these companies are thriving in spite of the headwinds. They are doing all they can in order to offset the effects of the political headlines that are wreaking havoc with the natural order of business.The demand for Micron products and services can only increase, and since management is a proven winner, the stock will be higher in the future. Of course it will need the help of the overall stock market. MU won't fall on its own, so if the market is higher in the future then so it is MU stock.Since MU has a ton of value, it makes it a good candidate for selling options. This way traders can use the value to generate income without any out-of-pocket expenses.For example I can sell the January $35 put and collect $1.20 per contract. This way I don't even need a rally to profit. If Micron stock stays above my level, then I win 100%. The worst-case scenario is that I own the shares and break even at $33.80 per share.Since the S&P 500 is near all-time highs, taking any bullish position is risky enough from that perspective. So I make sure that I don't take full positions at these levels. This way I leave room to add in case markets correct. And I never risk more than I can afford to lose.Nicolas Chahine is the managing director of SellSpreads.com. As of this writing, he did not hold a position in any of the aforementioned securities. Join his live chat room free here. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 7 Oversold Stocks To Buy Right Now * 7 Stocks to Buy Upgraded by Wall Street * 7 Marijuana Stocks With Critical Levels to Watch The post Micron Stock Is Headed to $56 appeared first on InvestorPlace.
With the market intently focused on what the Fed might do in its policy setting meeting next week, stronger-than-expected economic data has tended to weigh on sentiment because of its potential to keep central bankers more on the dovish side.
U.S. negotiators will meet face-to-face with their Chinese counterparts - as trade talks are set to start tomorrow. This coming as Chinese media reports Beijing has restarted buying U.S. agricultural products following the trade truce announced at the G-20 last month. American Enterprise Institute Resident Scholar Derek Scissors joining Yahoo Finance's Akiko Fujita.