|Bid||104.98 x 800|
|Ask||105.40 x 1300|
|Day's Range||103.63 - 106.33|
|52 Week Range||64.15 - 141.60|
|Beta (3Y Monthly)||1.27|
|PE Ratio (TTM)||30.38|
|Earnings Date||Jul 23, 2019 - Jul 29, 2019|
|Forward Dividend & Yield||1.48 (1.45%)|
|1y Target Est||129.16|
Broadcom (AVGO) presented their second quarter earnings on Thursday after market close, and the call, as described by CNBC's Jim Cramer, was "truly depressing."
Investing.com - The S&P; 500 closed flat on Friday as firmer retail sales pointing to underlying strength in the U.S. economy were countered by a slump in chip stocks, led by Broadcom.
Demand for next-generation 5G devices is on the rise, according to DigiTimes: Taiwan-based integrated circuit design houses are seeing a slowing pace in 4G orders, the publication said Friday. U.S. stocks ...
Investing.com - Broadcom fell sharply Friday, sending chip stocks lower after the company delivered an ominous outlook and reported revenue that fell short of estimates.
Several semiconductor companies saw shares decline in after-hours trading Thursday following Broadcom Inc.'s earnings report, which suggested a second-half rebound for chips looks less likely. Among stocks falling more than 1% immediately after Broadcom reported were Texas Instruments Inc. , Xilinx Inc. , Skyworks Solutions Inc., Qualcomm Inc. , Qorvo Inc. and Nvidia Corp. Larger chip makers like Intel Corp. , Advanced Micro Devices Inc. and Micron Technology Inc. fell by smaller amounts, closer to 0.5%, though action was jagged amid high volume for the extended session. Broadcom cut its fiscal-year forecast in its second-quarter report after trading closed Thursday, and Chief Executive Hock Tan said in a statement that he sees "a broad-based slowdown in the demand environment." "As a result, our customers are actively reducing their inventory levels, and we are taking a conservative stance for the rest of the year," Tan said. Chip companies earlier this year said that a slowdown would reverse by the second half of the year, but returns since then have created doubts about the timeline. Broadcom shares were down about 7% in after-hours trading.
Xilinx, Inc.'s (NASDAQ:XLNX) latest earnings update in March 2019 signalled that the company gained from a sizeable...
“I don’t believe what’s been weighing on Chinese equities has been the trade war,” said Noah Blackstein, who manages C$5.1 billion ($3.8 billion) at Dynamic Funds, a unit of Bank of Nova Scotia. Crackdowns on new video games and social media are just two examples of unexpected regulatory changes that had a “material” impact on the profit of Chinese companies last year, said Blackstein, 49, who reduced his exposure to stocks like Alibaba Group Holding Ltd. and Tencent Holdings Ltd. as a result. Blackstein manages the C$1.4 billion Dynamic Power Global Growth Class fund which has outperformed 1,083 global peers that have assets of more than $100 million, returning 388% over the past decade, according to data compiled by Bloomberg.
Popular technology stocks have recently staged a rebound. But segmented money flows show the rally is suspect. Let’s examine the issue with the help of a chart. Chart Please click here for a chart showing money flows in 11 popular tech stocks.
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.
Xilinx Inc NASDAQ/NGS:XLNXView full report here! Summary * Bearish sentiment is low Bearish sentimentShort interest | PositiveShort interest is low for XLNX with fewer than 5% of shares on loan. The last change in the short interest score occurred more than 1 month ago and implies that there has been little change in sentiment among investors who seek to profit from falling equity prices. Money flowETF/Index ownership | NeutralETF activity is neutral. ETFs that hold XLNX had net inflows of $2.48 billion over the last one-month. While these are not among the highest inflows of the last year, the rate of inflow is increasing. Economic sentimentPMI by IHS Markit | NeutralAccording to the latest IHS Markit Purchasing Managers' Index (PMI) data, output in the Technology sector is rising. The rate of growth is weak relative to the trend shown over the past year, however. Credit worthinessCredit default swapCDS data is not available for this security.Please send all inquiries related to the report to firstname.lastname@example.org.Charts and report PDFs will only be available for 30 days after publishing.This document has been produced for information purposes only and is not to be relied upon or as construed as investment advice. To the fullest extent permitted by law, IHS Markit disclaims any responsibility or liability, whether in contract, tort (including, without limitation, negligence), equity or otherwise, for any loss or damage arising from any reliance on or the use of this material in any way. Please view the full legal disclaimer and methodology information on pages 2-3 of the full report.
Not too long ago, Nvidia (NASDAQ:NVDA) stock could do no wrong. At the highs, Wall Street experts unanimously said that it was the stock to own in every portfolio. Nvidia hit $290 per share at its all-time high.Source: Shutterstock Since then, Nvidia stock has fallen off a cliff. It's now under $150 and can't even hold a rally. In March it showed some promise, but that too failed. The bulls couldn't even fill a giant open gap from its horrendous November earnings report.I recently wrote a note that it could be headed to $200 per share, but since then, that effort also failed. Now it's back to the December lows while the S&P 500 remains 21% off its lows. Clearly NVDA stock is out of favor on Wall Street.InvestorPlace - Stock Market News, Stock Advice & Trading Tips Looking Forward in NVDA StockSo what now? Is it time to panic out of it?No.If I still am long Nvidia at this level, it would be a mistake to capitulate right here. This is a proven bounce level for the stock, so I can probably count on it continuing to be so until it's lost. Technically speaking, the stock has been in a descending lower high trend bouncing against a proven floor. More often than not, the floor holds, making a rally from these level likely. To open a new trap door from these low levels, I bet it will take incrementally bad news. * 7 S&P 500 Dividend Stocks to Buy at Least Yielding 3% But the risk is there, so it's important to know where it lies. If the bears are able to breach this support, then they would trigger a pattern to target $98 per share. This is not my forecast, but it is the negative scenario that looms below.NVDA valuation helps the bulls here. At $290 per share it was too expensive, as the price crash proves. But at these levels here the trailing price-to-earnings ratio is down to 30. This is relatively cheap if I compare it to something like Advanced Micro Devices (NASDAQ:AMD). It is still almost three times as expensive as Intel (NASDAQ:INTC) -- but for good reason. But maybe you get what you pay for, as AMD is up almost 80% year to date, while for the same period NVDA is up 8% and INTC is red.Fundamentally speaking, the demand on Nvidia products and services will continue to be strong for years to come. This is a premier technology company and one of only a few that will power the tremendous global migration to the digital world. We have a new world of AI and self-driving cars coming soon. This trend is not likely to reverse anytime soon.Nvidia's technology is solid, so they show no evidence of managerial flubs. So as an investor, I continue to give them the benefit of the doubt that they will continue to successfully execute on their plans.So to recap so far, here are my assumptions: I acknowledge that NVDA is no longer popular on Wall Street, but that alone is not a bad thing. And they have value here and very little froth left to shed. And most importantly, they still provide excellent products.So I can buy NVDA stock for the long-term, and I don't worry about the short-term dips for as long as my assumptions remain true. For those who prefer to trade around the short-term levels, there are some lines to know.Above $147, it could target $156 per share. But there are resistance levels in the way. On June 5, there was a sharp reversal from $146.20, so I have to mark it as important as well. Conversely, if the bears can break through $139.75, they could get the chance to set a new low below $132.There are outside factors too. It is important to note that any rallies in Nvidia stock will need the help of the global equity markets. We are still under the threat of geopolitical headlines because of the economic wars that are going on, so it would be smart to take positions in tranches and not all at once. This would leave room to manage dips.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 * 4 Top American Penny Pot Stocks (Buy Before June 21) * 7 S&P 500 Dividend Stocks to Buy at Least Yielding 3% * 7 Stocks to Buy That Don't Care About Tariffs * 5 Healthcare Stocks to Pick Up From the Wreckage Compare Brokers The post Nvidia Stock Is Out of Favor on Wall Street -- Own It Anyway appeared first on InvestorPlace.
At Insider Monkey we track the activity of some of the best-performing hedge funds like Appaloosa Management, Baupost, and Tiger Global because we determined that some of the stocks that they are collectively bullish on can help us generate returns above the broader indices. Out of thousands of stocks that hedge funds invest in, small-caps […]
Keysight (KEYS) to gain from robust adoption driven by high demand for 5G design and test solutions and a strong pipeline for new business bookings.
The Zacks Analyst Blog Highlights: Fujifilm, NXP Semiconductor, Taiwan Semiconductor Manufacturing, XILINX and Advanced Micro Devices
Two weeks after Huawei was put on a blacklist that prevents US suppliers from selling components to the telecoms company, companies across the world are still working out the ramifications. Last week, Huawei told the Financial Times that the Trump administration’s decision to put the company on its “entity list” would affect about 1,200 US suppliers. Huawei bought roughly $11bn in components and services from US companies last year.
Guidewire's (GWRE) third-quarter fiscal 2019 results are likely to benefit from the increasing adoption of cloud-based offerings.
Keysight's (KEYS) focus on launching new solutions for growth markets like 5G, IoT, next-generation wireless, high-speed datacenters and automotive & energy is a key catalyst.
Joining Yahoo Finance's Jen Rogers and Myles Udland is Jared Blikre to break down the week's market action in the S&P 500, its 11 sectors (where tech is leading the year again), as well as the weekly winners in the Nasdaq 100 — all with the help of our new YFi Interactive touch screen.