|Bid||26.41 x 900|
|Ask||26.44 x 40700|
|Day's Range||26.40 - 26.92|
|52 Week Range||13.26 - 34.14|
|Beta (3Y Monthly)||4.00|
|PE Ratio (TTM)||106.18|
|Earnings Date||Jul 23, 2019 - Jul 29, 2019|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||29.41|
— 3rd Gen AMD Ryzen™ desktop processor family based on new high-performance “Zen 2” core includes highest performance 12 core desktop processor ever1 — — New RDNA gaming.
AMD's and NVIDIA's GPUs Could Duke It Out at Computex 2019(Continued from Prior Part)NVIDIA creates hype around new gaming product There have been a lot of rumors about Advanced Micro Devices’ next-generation Navi GPU (graphics processing unit)
On May 16, the U.S. Department of Commerce put China's Huawei on the "Entity List" as a national security threat. This move escalates a government campaign against the Chinese technology company beyond banning its products from sale in America. It means U.S. tech stocks are prohibited from selling sensitive tech to Huawei. Several days later, Huawei was given a 90-day temporary reprieve, but the damage is already being felt throughout the tech sector.U.S. technology companies from chip makers to software providers are seeing their stock impacted by the Huawei ban. Some are being hit despite not being directly involved with Huawei -- the move has further ramped up a trade war between China and the U.S. and that brings the threat of boycotts and retaliatory tariffs. * Top 7 Service Sector Stocks That Will Pay You to Own Them From Apple (NASDAQ:AAPL) to Tesla (NASDAQ:TSLA), here are 10 tech stocks that are feeling the effects of the U.S. ban on Huawei.InvestorPlace - Stock Market News, Stock Advice & Trading Tips Tech Stocks Walloped by the Huawei Ban: Intel (INTC)Source: Intel Intel (NASDAQ:INTC) sells processors to Huwaei for use in its laptops. Since the Huawei ban was announced on May 16, Intel stock has dropped. The company doesn't depend heavily on Huawei -- Bloomberg estimates that business is less than 1% of Intel's total revenue -- but losing it doesn't help.Especially when it comes just weeks after Intel lost Apple's iPhone business to Qualcomm (NASDAQ:QCOM) and ended up abandoning its 5G mobile modem efforts altogether. Micron (MU)Source: Micron Micron Technology (NASDAQ:MU) is a U.S.-based semiconductor company. And it happens to supply the flash storage chips used in Huawei's popular smartphones, including the new P30 Pro. * 7 Marijuana Stocks to Play the CBD Trend When the sales ban was announced, Micron's business with Huawei was effectively cut off. Even with the relief of the temporary 90-day reprieve, Micron stock has taken a hit, down 8% from Friday morning. Google (GOOGL)Source: Google Alphabet's (NASDAQ:GOOG, NASDAQ:GOOGL) Google division is in the thick of the Huawei mess.Google doesn't stand to lose much revenue in terms of hardware -- its Pixel smartphones and Google Nest Home smart speakers don't really have a presence in the China -- but software and advertising revenue are another matter. When the Huawei ban was announced, Google pulled Huawei's Android license. New Huawei smartphones won't get stock Android and they won't have access to Google services. The prospect of the second largest smartphone maker in the world being severed from Google (cutting into Android licensing fees, Google Search ad revenue and Google Play revenue) has resulted in GOOGL stock sliding since last Friday. Tesla (TSLA)Source: Tesla TSLA has been on a dramatic downward trajectory all week, for many reasons that have nothing to do with Huawei. But Telsa stock is also feeling the indirect impact of the U.S. government's move. * 5 Cheap Stocks to Buy That Are $6 or Less As the trade war heats up between China and the U.S., the prospect of new tariffs on goods imported into China and the potential for Chinese consumers to boycott American-made goods -- including Tesla's electric cars -- have led to some analysts to predict TSLA could miss its 2019 sales targets by as much as 10%. Lumentum (LITE)Source: Lumentum American telecommunication company Lumentum (NASDAQ:LITE) primarily makes optical components used in commercial lasers and networking equipment.Huawei is also big in networking equipment (it was security concerns over the Chinese company's push to supply 5G networking infrastructure that kicked off this current crisis), and it buys Lumentum components. As a result, Lumentum stock's drop neared double digits on the day the Huawei ban was announced. Qorvo (QRVO)Source: Qorvo Qorvo (NASDAQ:QRVO) is another U.S. semiconductor company, with a heavy involvement in wireless and broadband networking, including 5G.Half of the company's revenue comes from Chinese customers and in updated financial guidance released on May 21, Qorvo says 15% of its 2018 revenue came from Huawei. * 5 Large-Cap Stocks Getting Crushed in the Trade War With that Huawei revenue in jeopardy and the Chinese market in general being increasingly affected by the trade war, Qorvo stock has dropped over 9%. Corning (GLW)Source: Corning Corning (NYSE:GLW) isn't always thought of as a technology company. But the American glass maker's products are used in a slew of high tech applications.One of those speciality products is the Gorilla Glass used to protect the displays of smartphones. And Huwaei is a Corning customer. With the business of the world's second largest producer of smartphones in jeopardy, Corning stock has taken a tumble this week. Broadcom (AVGO)Source: Broadcom Broadcom (NASDAQ:AVGO) is another example of the tech stocks that have been negatively affected by the escalating trade war with China. * The 7 Best Penny Stocks to Buy When Huawei was added to the Entity List, Broadcom announced it would stop selling components to the Chinese company. As a result, AVGO is down over 9% since the Huawei ban was first announced. Advanced Micro Devices (AMD)Source: AMD Ordinarily, any time that a PC maker parted ways with Intel would be a big opportunity for Advanced Micro Devices (NASDAQ:AMD) and its increasingly popular Ryzen processors.That's not the case with the Huawei situation … AMD reportedly stands to lose 2% of its revenue by cutting off its business with Huawei. And the company could also suffer if increased tariffs hit its CPU and GPU business with other Chinese PC makers. AMD stock has taken a hit of as much as 7% since the Huawei ban was announced. Apple (AAPL)Source: Apple AAPL stock finds itself in a strange position with the Huawei ban. Any measures that hurt Huawei's ability to sell smartphones should benefit Apple Inc, opening an opportunity to sell more iPhones.However, Apple is very vulnerable to the overall trade war with China that Huwaei is a part of. Most of the company's iPhones are assembled in China. And although iPhone sales have been slowing in China, the Chinese market, is still an important revenue stream for Apple. If China were to retaliate and ban Apple products from being sold there, a Goldman Sachs analyst estimated Apple's profits could take a 30% hit. * The 7 Best Penny Stocks to Buy So Apple joins the long list of tech stocks that are being impacted by the Huwaei sales ban, with AAPL down roughly 8% since Friday.As of this writing, Brad Moon did not hold a position in any of the aforementioned securities. More From InvestorPlace * 4 Top American Penny Pot Stocks (Buy Before June 21) * 5 Safe Stocks to Buy This Summer * The 5 Best Telecom Stocks to Buy Now * 6 Innovative Stocks With Big Long-Term Growth Potential Compare Brokers The post 10 Tech Stocks Walloped by the Huawei Ban appeared first on InvestorPlace.
The bulls finally started fighting back late in the day, but it didn't matter. Even coming up off the intraday day low of 2,805.49, the S&P 500's close of 2,822.24 was still 1.19% worse than Wednesday's last trade.Source: Allan Ajifo via Wikimedia (Modified)Bank of America (NYSE:BAC) inflicted the most net damage, falling 2.5% for no particular reason other than it's a high-profile name that could easily fold if investors continue to broadly see stocks as liabilities. Advanced Micro Devices (NASDAQ:AMD) technically lost more ground though, off 3.8% simply by being a top tech name. Technology stocks are being seen as the most vulnerable group as trade tensions between China and the United States escalate.There were some winners, believe it or not, though not many. Top among that small group was L Brands (NYSE:LB). Shares of the parent company of Victoria's Secret and Bath & Body Works rallied 12.8% in response to a surprisingly promising first-quarter report.InvestorPlace - Stock Market News, Stock Advice & Trading Tips * 10 Names That Are Screaming Stocks to Buy None of those tickers are promising trade prospects headed into Friday's action though … too volatile to be predictable. Take a look at the stock charts of Moody's (NYSE:MCO), Comcast (NASDAQ:CMCSA) and Alaska Air Group (NYSE:ALK) instead. Here's why. Alaska Air Group (ALK)Alaska Air Group shares have been all over the place since the middle of last year. While the 2017 and early 2018 selloff has been quelled, several recovery efforts in the meantime have also been quelled. In fact, ALK slipped to new 52-week lows in March, teasing of another prolonged downtrend.That disaster has so far been avoided, but Alaska Air is hardly back in an uptrend. Thanks to yesterday's action though -- and specifically, the placement of yesterday's bar -- this is a name to put back on your radar. Click to Enlarge * The big clue from Thursday is the way the stock pushed up and off of the purple 50-day moving average line to turn a loss into a gain (on a day the market was getting hammered, no less). * The next big line in the sand is the 200-day moving average line, plotted in white on both stock charts. And it is a biggie, acting as resistance a couple of times already this month. * Although prior rally efforts have all failed rather early on, the fact that the bulls keep swinging is telling in and of itself. Moody's (MCO)The past couple of weeks haven't just been unusually volatile for Moody's. They've been volatile in an unusual way. The swings have been rather extreme, not just big changes in the day-to-day closes, but entire low-to-high ranges that haven't overlapped much with the prior day's range. That's often a sign of more indecision than it seems there is on the surface.That indecision appears to have finally resulted in something of a death blow yesterday, although there's still one narrow escape path the bulls could take if they're willing to stick together. * 7 Marijuana Stocks to Play the CBD Trend Click to Enlarge * That 'death blow' is the break below the purple 50-day moving average line, underscored by the fact that MCO shares still managed to start the day above that mark. * It's only modestly meaningful given its young age, but the lower edge of the trading range plotted with white dashed lines on the daily chart is still holding up as support. * While that near-term support line remains intact, notice how much selling volume came pouring out of the woodwork on Thursday when the trouble solidified. * Zooming out to the weekly chart it becomes clear that Moody's overextended itself early in the year and is now ripe for some profit-taking. Comcast (CMCSA)Finally, it may not have fallen off the edge of the cliff just yet, but Comcast shares have defined exactly where that edge is. And, they did so right after touching what was the most logical place for the stock to make a major peak.If the bears can just get one or two more licks in, the already vulnerable CMCSA chart could topple in a big way. Click to Enlarge * The make-or-break level is right above $42, where Comcast shares found a bottom for a few days a couple of weeks back. The floor is marked with a yellow line on the daily chart. * In the meantime, the purple 50-day moving average line has moved into position to either serve as, or fail to act as, a technical floor right around that same level. * Backing out to the weekly chart it's clear that revisiting the early 2018 high around $43.85 presented some sort of psychological problem for the rally … not that CMCSA wasn't overbought as of last month anyway.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 * 4 Top American Penny Pot Stocks (Buy Before June 21) * 5 Safe Stocks to Buy This Summer * The 5 Best Telecom Stocks to Buy Now * 6 Innovative Stocks With Big Long-Term Growth Potential Compare Brokers The post 3 Big Stock Charts for Friday: Alaska Air Group, Comcast and Moody's appeared first on InvestorPlace.
Let's look at what investors should expect from some of the more notable tech companies still left to report: Veeva Systems Inc. (VEEV), Workday, Inc. (WDAY), and Palo Alto Networks, Inc. (PANW).
Another trade war headline delivered another nasty market open. With volatility on the rise and overnight swoons in stock futures now the norm, the environment has turned treacherous for directional traders. If you're seeking the best trades to weather the turmoil, I suggest high-probability option selling plays that allow you to sidestep the chop all together.These strategies create a wide profit range, giving ample room for stocks to shake and bake before delivering losses. Additionally, they profit from the passage of time, relying more on the clock than an accurate directional prediction to deliver the goods. * 6 Stocks to Buy for This Decade's Massive Megatrend In selecting the best stocks for these options trades, I focused on two companies exhibiting relative strength and one Index to game the entire market.InvestorPlace - Stock Market News, Stock Advice & Trading TipsLet's take a closer look. 3 Smart Trades for a Troubled Market: Advanced Micro Devices (AMD)Source: ThinkorSwim Advanced Micro Devices (NASDAQ:AMD) has formed a clear bull flag pattern on its weekly chart during the recent market drama. Buyers continue to emerge every time AMD has tried to break support. Today's drop is perhaps the sole exception, with the stock breaching the 50-day moving average.And yet, the weekly flag pattern is still intact, suggesting the downside should be limited over the coming weeks. To profit, consider selling naked puts such as the July 24 strike. You can sell it for $1.01 to score $101 per contract. You will capture the reward if AMD sits above $24 at expiration.The $24 put's delta is 0.27, so consider your probability of profit 73%.For more confirmation before pulling the trigger, you could wait for AMD stock to break above today's high -- or at least turn its intraday trend higher. Disney (DIS)Ever since scoring a major breakout on the Disney+, which was reveal last month, Disney (NYSE:DIS) has been one of the best stocks for bulls to watch. DIS stock has pulled back from its recent record but is holding steadfast to the 20-day moving average. With its strong underlying fundamentals and positive sentiment, dips have to be viewed as buying opportunities.If you're willing to bet Disney shares stays aloft then sell the July $125/$115 bull put spread for $1.05. The reward is limited to $1.05 and will be captured if DIS is above $125 at expiration. The risk (and cost) is capped at $8.95 and will be lost if the stock falls below $115. * 7 Safe Stocks to Buy for Anxious Investors The delta of the 125 put is 0.2, so the probability of profit is a lofty 80%. Russell 2000 Index (RUT)Source: ThinkorSwim Instead of trying your hand at picking the best stocks, how about a trade on the entire market? Small-caps have underperformed large caps over the past month, driving the Russell 2000 Index (INDEXRUSSELL:RUT) into a downtrend.Today's support break reveals the correction is worsening, and it may be a while before a new uptrend emerges. To capitalize on continued neutral to bearish behavior, you can sell out-of-the-money call spreads.For example, if you're willing to bet RUT remains below 1,600 for the next 56 days, you can sell the July 1,600/1,610 bear call spread for $1.70. The reward is limited to $1.70 and will be captured if the calls expire worthless. The initial cost and total risk if $8.30. To minimize the damage if RUT rises too far, you could exit if it touches 1,600. By risking $8.30 to potentially make $1.70, the spread offers a potential 20% return. And it's easier than trying to pick the best stocks to play individually.As of this writing, Tyler Craig held neutral options positions in RUT and DIS. Check out his recently released Bear Market Survival Guide to learn how to defend your portfolio against market volatility. More From InvestorPlace * 4 Top American Penny Pot Stocks (Buy Before June 21) * 6 Stocks to Buy for This Decade's Massive Megatrend * The 7 Best Stocks to Buy From the IPO ETF * 7 Athletic Apparel Stocks With Marathon Pace Compare Brokers The post 3 Smart Trades for a Troubled Market appeared first on InvestorPlace.
Chipmaker Advanced Micro Devices stock is on the rise despite slowing sales and earnings recently. Here is what the fundamentals and technical analysis say about buying AMD stock now.
Amid the turmoil surrounding the U.S.-China trade dispute, Nvidia (NASDAQ:NVDA) stock is again declining. With the company's prospects in China in question, Nvidia stock will struggle to gain traction in the short-term.Source: Shutterstock Nvidia's move into tech's most important sectors has bolstered Nvidia stock price in recent years. As a result, the long-term outlook of Nvidia stock remains solid. However, Nvidia stock price probably won;t rise much in the near-term without an event or a meaningful drop in its price-earnings multiples. * 6 Stocks to Buy for This Decade's Massive Megatrend Put simply, Nvidia is a long-term buy because NVDA has arguably become the most important chip company. In the PC era, that title belonged to Intel (NASDAQ:INTC). However, applications more prevalent in today's tech world -- such as artificial intelligence (AI), virtual reality (VR), data centers, and deep learning -- depend on Nvidia's chips. Intel has made some headway against Nvidia in the data-center sector and AMD (NASDAQ:AMD) has become a threat in other tech sectors. Nonetheless, Nvidia leads the way overall.InvestorPlace - Stock Market News, Stock Advice & Trading Tips Look for Changes in ValuationMoreover, the PE ratio of Nvidia stock, like that of other semiconductor stocks, will fluctuate tremendously based on changes in investors' sentiment. At first glance, that may not appear profound, as the PE multiples of most stocks fluctuate. However, few stocks' multiples have shifted as much as those of NVDA stock or of those of its peers, such as Intel and AMD.In the early part of the decade,the PE ratio of Nvidia stock often fell into the teens. At that time, traders saw Nvidia as a dying PC stock. However, optimism began to turn in 2015, when Nvidia became a leading player in several emerging tech sectors. As a result, the multiple of NVDA stock often exceeded 50 until the market-wide selloff began of last fall. As a result, investors can expect Nvidia stock price to fluctuate between about 13 and around 55 times NVDA's earnings. How to Play NvidiaToday's valuation of about 29 times earnings (and 20 times the consensus forward earnings estimate) is just below the middle of the historical range. Before the multiple of NVDA stock could near 55 again, the trade war would have to end and crypto currencies would have to recover.With bitcoin back above $8,000, a partial crypto recovery could occur. However, it's more difficult to predict when the trade war will end. Moreover, Nvidia stock price may fall further if no agreement is made soon.For these reasons, I would wait for awhile before buying NVDA stock. However, I would buy NVDA stock in the near-term if the trade war ends or if the forward PE of NVDA drops below 20, which occurred in December. If the trade war ends, I think Nvidia will rise for multiple days, taking the multiple much closer to the 55 level we saw before the selloff in late 2018. The Bottom Line on Nvidia StockInvestors should buy Nvidia stock, but only after prompted by an event or a meaningful decline in its valuation . Nvidia leads the way in powering tech's latest applications. In my view, this makes NVDA the most crucial chip stock, and it means that NVDA is a long-term buy.However, with the trade war still being waged, buying Nvidia for the short-term is risky. Moreover, competition from Intel and AMD makes the outlook of NVDA stock more uncertain. Still, if traders can buy Nvidia at a discount, or if market conditions begin to justify a higher PE ratio, NVDA will become attractive for short-term and long-term investors.As of this writing, Will Healy did not hold a position in any of the aforementioned stocks. You can follow Will on Twitter at @HealyWriting. More From InvestorPlace * 4 Top American Penny Pot Stocks (Buy Before June 21) * 6 Stocks to Buy for This Decade's Massive Megatrend * The 7 Best Stocks to Buy From the IPO ETF * 7 Athletic Apparel Stocks With Marathon Pace Compare Brokers The post Is Nvidia Stock a Good Short-Term Investment? appeared first on InvestorPlace.
Chip stocks continued their broad selloff Thursday, as investors feared that the U.S.-China trade war will last longer than previously expected. The PHLX Semiconductor Index slumped 2.2% in morning trade, with 29 of 30 components losing ground, as the S&P 500 declined 1.2%. The SOX, which has now shed 15.5% this month, has dropped below the 200-day moving average, which is widely followed as a tracker of longer-term trends, and is now in danger of the first close below that technical indicator since Feb. 4. Among the SOX's biggest decliners, shares of Advanced Micro Devices Inc. slid 3.6%, Micron Technology Inc. dropped 3.5%, Nvidia Corp. gave up 3.5% and Qualcomm Inc. shed 3.4%. The lone gainer was Cypress Semiconductor Corp.'s stock, which tacked on 0.5%. Analyst Vivek Arya at Bank of America Merrill Lynch said chip companies appear to be expecting some trade resolution by the third quarter, soon after President Trump meets with China's president Xi Jinping on June 28 to June 29. "Overall, we believe the U.S. holds significant leverage in the current trade war (semis perspective), and can continue to exert even more pressure (restrict additional Chinese customers) which should lead to some resolution," Arya wrote in a note to clients.
Advanced Micro Devices (NASDAQ:AMD) stock has been holding up pretty well lately. That's despite all of the trade-war talk that's infused quite a bit of volatility into the market. It's not that AMD stock has been immune by any means, but technically speaking, it's traded pretty well.Source: Matthew Rutledge via FlickrAMD stock was about flat on Friday, even after Nvidia (NASDAQ:NVDA) reported its earnings. However, Nvidia, AMD, Intel (NASDAQ:INTC) and others were not exempt from pressure on Monday. The semiconductor space, including AMD stock, was under pressure on worries about an escalating trade war between the U.S. and China. * 7 Safe Stocks to Buy for Anxious Investors Before we get any further, let's look at a chart of AMD stock and see what's going on.InvestorPlace - Stock Market News, Stock Advice & Trading Tips Trading AMD Stock As you can see, Advanced Micro Devices stock price topped out at $29.95 in early April. A few days later, it tried to advance beyond that level and failed. Since then, it's been falling in a downward channel. AMD stock tried to break out of channel resistance on Friday, but failed to do so.What is likely to happen to Advanced Micro Devices stock price going forward?The 50-day moving average continues to be support for AMD stock. This level (highlighted with purple arrows) has been both support and resistance over the last six months. I want to see if it continues to act as support. If it does and AMD stock price can break out over channel resistance, Advanced Micro Devices stock price could make a run at $30.If AMD stock price falls below the 50-day level, channel support will again be called in to save the stock. By then though, the 38.2% Fibonacci retracement level near $26 may be tested once more. If AMD stock falls below that level, $25 is on the table. If selling pressure continues, we could see a test of the 200-day moving average, which is now near $23.75.I know this seems like a lot of levels, prices and moving averages. But the concept is actually quite simple. It comes down to how AMD stock does with the 50-day moving average. If that support holds, AMD stock price will test channel resistance. If the support doesn't hold, it will test channel support. If either level is broken, the stock's move could accelerate .Finally, it's worth pointing out that the MACD (depicted by the blue circle), which measures momentum, is beginning to swing in bulls' favor. Valuing Advanced Micro Devices StockThose who were bearish on AMD stock over the years used to point to two things: Its balance sheet and its net income. Essentially, Advanced Micro had too much debt and no profits.That's all changed, though, and those shifts are a big part of the reason for the rally of AMD stock price from single digits to about $27 in a relatively short period of time. Now that the rally has become sustainable, though, investors are buying and willing to hold AMD stock.Long-term debt sank 45% from year-end 2015 to year-end 2018, to $1.12 billion. Net income went from a loss of $33 million in fiscal 2017 to a profit of $337 million in fiscal 2018. Keep in mind that, in 2016, AMD lost almost $500 million.Last year, its earnings per share came in at 46 cents. For 2019, analysts, on average, expect AMD to generate EPS of 65 cents. In 2020, its EPS is expected to jump all the way to $1. So while the valuation of AMD used to be high, its valuation is quickly falling to more reasonable levels. It now trades at 41 times this year's average EPS estimate and about 26 times next year's consensus earnings estimate.While that may not be as low as Nvidia and Intel, AMD's top and bottom lines are expected to grow more quickly this year and next year than the other two companies. At the end of the day, there are reasons to like AMD stock for the long term, even if the industry is facing short-term headwinds.Bret Kenwell is the manager and author of Future Blue Chips and is on Twitter @BretKenwell. As of this writing, Bret Kenwell is long NVDA. More From InvestorPlace * 4 Top American Penny Pot Stocks (Buy Before June 21) * 7 Safe Stocks to Buy for Anxious Investors * 4 Tech Stocks Looking Vulnerable * Should You Buy, Sell, Or Hold These 7 Hot IPO Stocks? Compare Brokers The post Can AMD Stock Rally to $30 Per Share? appeared first on InvestorPlace.
The market may have popped on Tuesday, but it wasn't a terribly impressive move. The S&P 500's 0.85% gain still left it below some key technical lines, and the volume behind the gain was tepid.Source: Allan Ajifo via Wikimedia (Modified)Array Biopharma (NASDAQ:ARRY) was the big winner, gaining 23% following news that its colon cancer regimen met its endgoals in a late-stage trial. Among the more familiar, large and market-moving names though, the 2.5% gain Advanced Micro Devices (NASDAQ:AMD) logged was less thrilling though more noteworthy. The partial alleviation of trade tensions, particularly surrounding tech, released the hold that had stymied most of these names on Monday.At the other end of the spectrum, retailer Kohl's (NYSE:KSS) was crushed, losing more than 12% of its value on the heels of lousy Q1 print that forced the company to dial back its full-year profit forecast … weakness that wasn't necessarily mirrored by other retailers.InvestorPlace - Stock Market News, Stock Advice & Trading Tips * 10 Small-Cap Stocks That Look Like Bargains None of those names are compelling trade prospects as we head into the midpoint of the week, however. Rather, it's the stock charts of TJX Companies (NYSE:TJX), Lamb Weston Holdings (NYSE:LW) and Oracle Corporation (NYSE:ORCL) that are worth the closest look. Here's that look. Oracle Corporation (ORCL)Oracle shares have dished out an impressive runup since late last year, and for the most part have sidestepped the recent market turbulence.Take a closer look at both stock charts, though, and it's clear that momentum is slowing. Indeed, it has stopped and it is teetering on a reversal back into a downtrend. One or two more rough days could put shares into a more pronounced selloff. Click to Enlarge * The most important line to watch now is the one that tags all the key lows going back early February. It's plotted in yellow on the daily chart. It's at $53.59 right now. * Although that floor is still intact, ORCL has already pulled below the purple 50-day moving average line a couple of different times. * Zooming out to the weekly chart of Oracle, all the key bearish clues are lining up. The RSI line only had to kiss the 70 level last month before starting to unwind, and we could see a bearish MACD cross before the end of the week. That latter event could spur some programmed selling. TJX Companies (TJX)In the middle of yesterday's trading session, TJX Companies shares looked like they were in real trouble. Already trending lower from a late-April peak, fresh pressure was being put on the white 200-day moving average line. Despite the earnings beat and raised outlook, traders saw matters through a bearish lens … right up until they didn't.By the end of the day, TJX shares were back in the black, having pushed up and off of the critical 200-day line. The big intraday swing backed by a clear volume surge suggesting a major turning of the tide. There's just one more hurdle for the bulls to clear, though it's a huge one. * 7 Safe Stocks to Buy for Anxious Investors Click to Enlarge * The big hurdle in question is actually the combination of the blue 20-day moving average line at $53.88 as well as the purple 50-day moving average line at $53.57. * The scope of the swing itself is telling, indicating a sweeping change of heart, prompted by news. Such reversals tend to go somewhere. * Almost just as likely, though, is a breakdown. Should the bears decide to retest the 200-day line at $51.49 (and the gray 100-day moving average line right below it at $51.18) and it fails to hold as a floor, the bearish momentum in place since late April could pile-drive the stock following a failed reversal. Lamb Weston Holdings (LW)Finally, when we last looked at Lamb Weston Holdings a month ago, we cautioned that while it had not yet broken below a major support line, the undertow was alarmingly bearish. The selling volume was picking up the pace as well.It turned out to be a worthy worry, though only for a few days. While LW stock edged its way back higher, it met a familiar technical ceiling to end up breaking under any of what could have been technical floors. A new one has been made in the meantime, but it's not great, and also starting to crumble. Click to Enlarge * The newest technical floor is right around $65.17, plotted in blue on the daily chart. That's more or less where Lamb Weston has found support since the beginning of the month. * Although there's a floor in play now, both of the more meaningful support lines plotted in red and yellow on both stock charts have been snapped. * It's easy to overlook, but the purple 50-day moving average line is now below the white 200-day moving average … a so-called "death cross" that suggests more selling is ahead. * It's only readily evident on the weekly chart, but with the break under the yellow "neckline," Lamb Weston appears to have just completed a bearish head-and-shoulders setup.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 * 4 Top American Penny Pot Stocks (Buy Before June 21) * 7 Safe Stocks to Buy for Anxious Investors * 4 Tech Stocks Looking Vulnerable * Should You Buy, Sell, Or Hold These 7 Hot IPO Stocks? Compare Brokers The post 3 Big Stock Charts for Wednesday: Oracle, Lamb Weston Holdings and TJX Companies appeared first on InvestorPlace.
The Standard & Poor's 500 index—commonly called the S&P 500, or simply the S&P—is the primary gauge of the large-cap U.S. equities market. It is based on the market capitalization figures of the top 500 companies that list their common stock on the NYSE or NASDAQ. Based on available historical data, the S&P has generated an average annual return of around 9.8% from 1928 through 2016.
Understanding the Impact of Trump’s Huawei Ban on US StocksHuawei banLast week, Donald Trump blacklisted Chinese telecom giant Huawei Technologies amid rising US-China trade tensions, restricting US companies’ transfer or supply of any
Advanced Micro Devices Inc. (AMD) stock already has fallen into a bear market, down 22% from its intraday high last month. The stock faces massive volatility in the coming weeks as options traders anticipate 20% gains - or declines - in the stock by the middle of November. Options trades indicate huge uncertainty about which way the stock will go. The long straddle options strategy for expiration on November 16 suggests that the stock could rise or fall by 20% from the $26 strike price.
Why is Nvidia so uncertain about this year's outlook? Prior to the report, analysts lowered their expectations for Nvidia to a GAAP EPS of $0.60. Last year, Nvidia earned $1.88 but investors widely expected the drop.
Although many investors were expecting a resolution to the trade war between the United States and China just a few months ago, it now seems that the trade war between the U.S. and China could last for a while. While numerous sectors are affected by the trade war, it seems that the semiconductor sector is arguably one […]
These top information technology (IT) stocks have outperformed the rest amid a period of heightened volatility in the tech sector for 2018.
A sell-off in chip stocks intensified following a report that chipmakers are cutting ties with Huawei after the Trump administration's ban.
It's all smiles for the owners of Nvidia (NASDAQ:NVDA) stock right now following its better-than-expected earnings report. But if you have NVDA stock, don't get too comfortable.Source: Shutterstock For one thing, its earnings beat was largely driven by its gaming sales that were less bad than expected. That's good enough to salvage this quarter, but not necessarily anything beyond that. Macro concerns weigh heavily on the outlook of Nvidia stock going forward. And don't expect the recent revival of cryptocurrency prices to do much for NVDA stock either. Add it all up, and even with the earnings bump, Nvidia stock is still trending downwards. * 7 High-Yield REITs to Buy (Even When the Market Tanks) The Earnings Beat Is Less Impressive Than You ThinkLooking at just the company's Q1 earnings per share, the owners of Nvidia stock could be forgiven for thinking NVDA had a great quarter. Its non-GAAP EPS of 88 cents smoked analysts' consensus outlook of 81 cents. Its revenues of $2.22 billion also came in slightly ahead of the consensus estimate. But the news gets worse for Nvidia stock once you take a closer look at the numbers.InvestorPlace - Stock Market News, Stock Advice & Trading TipsFor one thing, nearly all of the revenue beat was driven by the gaming division. Gaming revenues came in at $1.05 billion, far ahead of analysts' average estimate of $930 million. Moreover, its gaming sales jumped versus the previous quarter, ending a nasty serious of declines.The significantly better-than-expected results in gaming covered up some pretty lackluster numbers everywhere else, however. Sales of professional visualization products dropped from $305 million in Q3 of 2018 to $292 million last quarter. OEM and other products slumped again, dropping 15% year-over-year in Q1 against expectations for a far smaller decrease.In data-center chips, there are signs that Intel (NASDAQ:INTC) may be outpacing Nvidia. NVDA's data-center revenue came in at just $634 million for the quarter, down sharply from $679 million the previous quarter and almost $800 million two quarters ago. Not surprisingly, NVDA's data-center results fell well short of expectations.It seems that Nvidia's gaming results have taken a turn for the better. But that's hardly enough to leave Nvidia stock poised to do well for the rest of 2019, since its other important potential growth areas like data center can't seem to get back on track. NVDA's guidance for the current quarter wasn't anything special either, indicating its Q1 results may have been just a one-off fluke. Don't Count on Bitcoin to Save GamingIn the past, there was a significant correlation between the price of Bitcoin and NVDA stock. And given that NVDA's quarterly "gaming" revenues plummeted from $1.8 billion in early 2018 to half of that last quarter, clearly crypto miners had been generating much more demand for graphics cards than gamers.But don't expect the recent revival of Bitcoin prices to make a lasting difference for NVDA stock. This is due to a key concept called Bitcoin dominance. In the golden days of crypto, the market cap of all crypto coins topped $500 billion. It's barely back to $100 billion today. Bitcoin has come roaring back, but many of the alternative crypto coins remain in the dumps.That is critical for Nvidia stock, since few people use Nvidia or AMD (NASDAQ:AMD) cards to mine Bitcoin. Instead, they use more specialized products from other vendors. However, it is profitable to mine many of the alternative coins with NVDA cards. But if altcoins aren't surging in price, demand for Nvidia's cards will remain in check.As it is, Bitcoin's share of the overall crypto market has surged from just 33% in January 2018 to nearly double that recently. Meanwhile other alternatives, like Ethereum, which can be mined with Nvidia's tools, have become far less popular. Ethereum's share of the overall crypto market has now fallen to its lowest point since late 2017.Meanwhile, the third most popular coin, Ripple, is not mineable at all, negating any need for graphics cards. If the crypto community doesn't rally around more alternative coins, a further rise in Bitcoin's price is unlikely to do much for Nvidia stock. The Verdict on Nvidia StockOn its earnings conference call, NVDA noted that its outlook was weaker than it was when Q1 had started. That should hardly be a surprise. The trade war has escalated far more than most of us, myself included, had expected. NVDA has been caught in that crossfire.While the stock market has recovered recently, U.S.-China tensions are still simmering.. The Trump administration's recent decision to take aim at Huawei could lead to a further cooling in demand for American semiconductor products from China.When it comes to Nvidia stock, don't expect a potentially short-lived recovery in crypto prices to offset much bigger macro factors. NVDA is trying to adjust to life without a huge stream of crypto revenue. It still has to make much more progress in that area, as Q1's more than 30% revenue decline compared to the same quarter last year shows. And with weakness showing up in other areas like data center, NVDA still has a long ways to go before it regains its previous level of prosperity. For now, expect NVDA stock to keep trending lower.At the time of this writing, Ian Bezek owned INTC stock. You can reach him on Twitter at @irbezek. More From InvestorPlace * 4 Top American Penny Pot Stocks (Buy Before June 21) * 7 High-Yield REITs to Buy (Even When the Market Tanks) * 5 Great Blue-Chip Stocks to Buy Today * 7 Tech Stocks to Buy That Are Also Perfect for Retirement Compare Brokers The post Why Nvidia Stock Will Retreat appeared first on InvestorPlace.
For some, stock trading is tantamount to gambling, but it can be argued that investment is the art and science of making an informed decision about adding one's money into — or removing it from — an asset. Stock valuation is nothing but determining the intrinsic value of a stock, which most often is not in sync with the market price. Why Valuation? Broadly, the valuation approach can be classified into absolute valuation and relative valuation, with the former taking into account the fundamental strength of the company, its dividends, its cash flows and its growth rate.
The midday reaction was rather dull considering what a big mover Nvidia stock tends to be, although long-time shareholders are likely content with Friday's price action. Many are wondering what's next for Nvidia. Bears are arguing that Nvidia stock's failure to rally indicates poor price action.
Rajvindra Gill, managing director of semiconductor research at Needham & Company, joins "Squawk Box" to discuss how chip stocks were hit by the news that President Trump would block Huawei elements from coming to the U.S.
U.S.-China trade tensions are heightening with no end in sight, after President Trump escalated tensions in an interview with Fox News. Yahoo Finance’s Brian Sozzi, Alexis Christoforous, and Andy Serwer discuss outlook and difference between the U.S. and Chinese economy.