51.37 -0.03 (-0.06%)
After hours: 7:33PM EST
|Bid||51.36 x 900|
|Ask||51.50 x 1200|
|Day's Range||51.34 - 51.71|
|52 Week Range||42.36 - 57.60|
|Beta (3Y Monthly)||0.52|
|PE Ratio (TTM)||11.47|
|Earnings Date||Apr 25, 2019|
|Forward Dividend & Yield||1.26 (2.48%)|
|1y Target Est||52.64|
Some interesting M&A is afoot in the world of hardware and software that'saiming to improve the quality of audio and video communications over digitalnetworks
Qualcomm is seeking the ban in hopes of dealing Apple a blow before the two begin a major trial in mid-April in San Diego over Qualcomm's patent licensing practices. Qualcomm has sought to apply pressure to Apple with smaller legal challenges ahead of that trial and has won partial iPhone sales bans in China and Germany against Apple, forcing the iPhone maker to ship only phones with Qualcomm chips to some markets.
Opportunities and Challenges for Qualcomm’s Chipset Business(Continued from Prior Part)The road ahead for Qualcomm’s chipset business Previously, we saw that Qualcomm’s (QCOM) chipset earnings were hit by the loss of modem orders from its
Why Did NVIDIA Stock Rise despite Its Weakness in Q4?(Continued from Prior Part)NVIDIA’s revenue NVIDIA (NVDA) reported better-than-expected revenue of $2.21 billion in the fourth quarter of fiscal 2019 after the market bell on February 14. While
Technically speaking, the major U.S. benchmarks continue to grind higher amid persistently bullish, and increasingly consequential, February price action, writes Michael Ashbaugh.
Why Did NVIDIA Stock Rise despite Its Weakness in Q4?NVIDIA stock rose on February 15 NVIDIA (NVDA) stock rose 1.82% on February 15 and closed at $157.34 after the semiconductor giant reported upbeat fiscal 2019 fourth-quarter earnings results. The
U.S. markets temporarily stumbled on a few headlines late last week, including the weakest retail reports since 2009. This was a shock to traders but the data is for December. These data are when we were at the worst sentiment period during the Christmas correction and government shutdown. So logic suggests that it would be temporary.Then the markets took another leg lower on mixed news from the China/U.S. tariff talks. The knee-jerk reaction again was to sell stocks. But not all of them were falling. There were a handful of stocks that actually rallied during this red period of the day.So when stocks rally in the face of major headwinds, it is a good indication that the rally would last especially when the headwinds disappear. In this case, my thesis is that these scary headlines will abate and that stocks, in general, will have a good quarter. So in this case, the safest upside bets would be those stocks that were green during last Thursday's market dip.InvestorPlace - Stock Market News, Stock Advice & Trading TipsFurthermore, most of them were sporting breakout potential from bullish chart patterns. This adds fuel to the fire and provides clear levels to trade. On that front, I don't like buying based on pure hopeful speculation. I prefer to use options to sell risk below support and collect the premium. This way, I don't even need a rally to win. All I need is to pick strong support levels and let time do the work for me. * 10 Smart Money Stocks to Buy Now The price action was bullish in three stocks I track, including Spotify (NASDAQ:SPOT), Micron (NASDAQ:MU) and Advanced Micro Devices (NASDAQ:AMD). Let's take a closer look at a few ways to trade them: Spotify (SPOT)Last week, Spotify showed great strength. I had been tracking its potential breakout from a bullish pattern. On Thursday, even though the markets were falling, Spotify stock was rallying. So that showed relative strength and I went long SPOT stock.I sold a short-term credit put spreads for this week at $142/$141 for the opportunity to yield 13% in two days. I have a tight stop on that since there is little time to fix mistakes. But there are safer ways to trade this depending on portfolio balance and risk appetite. Traders are not all the same that way.An alternative way to bet on the upside is to sell the March 22 $129/$128 credit put spread for similar metrics and yield. This can be modified wider or in distance to current price to suit risk tolerances.Those who are willing and able to buy the shares can sell the Jul SPOT naked $105 put to collect over $3 in premium. If SPOT stock stays above my strike then I collect my maximum gains. But if it falls below it then I have to buy the shares at $105 per share. In that case, I would breakeven at $102.I can buy temporary insurance by using what I call sacrifice puts. To guard against a crash, I buy April 105 puts for 60 cents. This way I am completely protected but only through mid-April. The same puts for March only cost 15 cents. Micron (MU)Last year when markets were reeling from negative sentiment, Micron was the whipping stock for traders. They shot it down all the way to sport a trailing 12 months price-earnings ratio of 2X! So, it basically fell to the floor. What a difference a few weeks make.Year-to-date, MU stock is up roughly 30%. So clearly the bears had a change of heart. They forgot about the inventory and pricing fears that plagued the stock last year. I was lucky to sell puts into the stock at its worst but here I see more upside potential.The fact that it spiked on Thursday morning when the markets were busy falling tells me that there is real money buying it with conviction. So I could buy the stock or debit calls or spreads to chase the move. Technically, traders could target the zone around $48 per share. But I prefer to sell risk below support and collect the premium rewards.This is especially helpful since it just spiked almost 5% once already this week. Chasing here could mean I am late to the easy part of the rally. The options activity shows about 70% calls to 30% puts so all signs point up for MU stock. * 10 Hot Stocks Leading the Market's Blitz Higher I sold this week's 41.5/41 credit put spread on a whim and when the VIX was spiking on the morning headline fears. But the easier trade would be to go out further in time and lower in price for a bigger buffer. March 8th $38.50/$38 credit put spread would also yield 30% on risk if MU closes above $38.50 by March 8. I can modify the placement and width to suit personal preferences. Advanced Micro Devices (AMD)AMD stock was the sherry stock of 2018. While the markets were setting a record in bad performance, AMD delivered a monster year. 2019 also started strong as it is now up 24% on the year.So clearly the risk appetite for AMD stock is high. The CEO gets a lot of the credit as she has earned the respect of Wall Street. The consensus here is that AMD is the threat for Intel (NASDAQ:INTC) dominance for years to come.I can profit from this exuberance without any out of pocket expense. For that, I sell AMD March 22nd $19.50/$18.50 credit put spread and collect the potential of 16% yield on risk. All I need is for AMD stock to stay above $19.50 for a few weeks. A shorter term version of this would be March 1 AMD $21/$20 credit put spread for the same metrics. They both have an 80% theoretical odds of success.This, of course, will require the help of the general markets. And there is risk below since it's rallied so far there are gaps that may need to fill. Nevertheless, I am confident that I can manage the risk even if I have to own the shares for a while.Regardless of valuation, and it is expensive, investors want to own it here. This could change like what happened to Nvidia (NASDAQ:NVDA) but there are no signs of it yet.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. You can follow him as @racernic on Twitter and Stocktwits. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 10 Hot Stocks Leading the Market's Blitz Higher * 7 Strong Buy Stocks With Over 20% Upside * 5 Growthy Stocks Trading Below 15X Earnings Compare Brokers The post 3 Stocks With Breakout Potential appeared first on InvestorPlace.
Is Apple Fighting a Losing Battle in China?Apple’s first-quarter earningsAmerican tech giant Apple (AAPL) released its fiscal 2019 first-quarter earnings results on January 29. During the company’s first-quarter earnings conference call, its
Could Trump’s ‘China Trade Deal’ Tweet Please Investors?US investors On February 14, the United States Census Bureau released December’s retail sales data. Core retail sales fell 1.8% month-over-month, the worst drop since February 2009,
The startup was profiled in The Pitch in 2013 and developed a videoconferencing device and software it calls PanaCast, designed to replicate the panoramic vision of human sight.
For Nvidia (NASDAQ:NVDA) bulls, the last few months have been nothing short of horrific. Up until the beginning of October last year, shareholders had every reason to smile. At that time, Nvidia stock had gained 48% for 2018. This was a massive haul, considering that NVDA had already enjoyed consecutive years of outstanding performances. * 10 Hot Stocks Leading the Market's Blitz Higher But once the final quarter of 2018 began in earnest, the narrative fell apart. The tech firm posted deeply disappointing results for its third-quarter fiscal 2018 earnings report. Although the printed miss wasn't too terrible, disastrous Q4 guidance and excess channel inventory due to the cryptocurrency meltdown gutted NVDA stock.Obviously, the semiconductor firm -- which specializes in graphics processing units (GPUs) and a host of tech-heavy applications -- needed a big win for Q4. It delivered. Against a consensus earnings-per-share target of 75 cents, NVDA posted 80 cents, or a 7% positive surprise.InvestorPlace - Stock Market News, Stock Advice & Trading TipsBut the real winner was found in the revenue department. The company brought in $2.21 billion, beating the Wall Street consensus by $10 million. Although a small percentage increase over the forecast, the sales haul demonstrated that NVDA is on the path to recovery. Following the report, Nvidia stock skyrocketed 8% in extended trading.This is exactly what embattled shareholders sought after months of painful disappointments. Just prior to the Q4 disclosure, NVDA stock was up over 18% for the year. Now, the bulls can add to the momentum, solidifying the comeback narrative.However, Nvidia stock also suffers from a credibility problem. For one thing, its competitors have fared better during the semiconductor storm. Principal rival Advanced Micro Devices (NASDAQ:AMD) has gained over 28% this year. And Intel (NASDAQ:INTC) didn't lose anything during the October market meltdown -- it's up over 11% year-to-date. Wall Street Is Overly Bearish on Nvidia StockDrilling into the details doesn't help ease investor concerns about NVDA stock. The gaming sector, which represents Nvidia's core identity, brought home $954 million in sales. At first glance, it appears an impressive number until you realize that consensus called for $1.21 billion.Another worrisome issue for Nvidia stock is the underlying company's data center business. Over the years, management has aggressively competed in this lucrative industry of tomorrow. But the Q4 revenue picture didn't justify that investment: against an $839 million consensus target, the tech firm fell way short at $679 million.These segments weren't the only misses. Its "Professional Visualization" department generated $293 million versus a $314 million forecast. More critically, its "Automotive" segment -- a potentially pivotal growth market -- generated $163 million, missing consensus by 10%.No investor, especially buy-and-hold types, should ignore these warning signs. But I think a temptation currently exists to conflate these shortfalls with Nvidia's supposed fundamental weaknesses. In reality, Nvidia stock probably hit what Argus analyst Jim Kelleher termed a "near-perfect storm."For instance, the video game industry broadly suffered steep declines, correlating with volatility in NVDA stock. Nevertheless, experts predict that the number of active worldwide PC gamers will increase by more than 3% annually over the next three years.Unlike most console gamers, PC gamers are extremely dedicated to their craft. They'll shell out big bucks for dedicated gaming rigs to create a seamless, latency-free experience. Therefore, we'll likely witness an increase in GPU sales, particularly for the premium brands in which Nvidia specializes.And while excess inventory remains challenging, the markets have priced Nvidia stock as if management will never find a solution. I don't think this is an accurate assessment. Moreover, if they resolve the issue, it clears the way for Nvidia's next-generation chips to flourish. Watch the Technical Risk to NVDA stockFundamentally, I view Nvidia stock as a long-term contrarian play. The tech industry typically operates in cycles. Once the bad news is priced in, we usually see a response to the upside.Further, none of the fundamental drivers for NVDA stock have disappeared. If anything, they're getting stronger. Aside from gaming, demand for driverless technologies has rapidly gained steam. While that department suffered a slip up, I can't imagine Nvidia will be down for long.However, NVDA does have a glaring technical risk. At its current setup, shares have formed a bearish pennant. Enthusiasm over its Q4 earnings result has temporarily broken this pattern's implications. But if future trading fails to drive average levels higher, watch out! We could see another jaw-dropping decline.My take? If you have a patient mindset, take a measured shot. The company has delivered a meaningful performance in Q4. Once the inventory issues have faded, Nvidia will enjoy its burst of second wind. * 7 Financial Stocks With Accelerating Growth Just make sure to keep the powder keg dry. We're still navigating choppy waters. Under these circumstances, no one can call a bottom with certainty.As of this writing, Josh Enomoto did not hold a position in any of the aforementioned securities. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * Should You Buy, Sell, Or Hold These 7 Medical Cannabis Stocks? * 7 Strong Buy Stocks With Over 20% Upside * 7 Reasons Stock Buybacks Should Be Illegal Compare Brokers The post Nvidia Stock Soars After Fourth Quarter, So Now What? appeared first on InvestorPlace.
Yann LeCun said that future chips used for training deep learning algorithms, which underpin most of the recent progress in artificial intelligence, would need to be able to manipulate data without having to break it up into multiple batches. Most existing computer chips, in order to handle the amount of data these machine learning systems need to learn, divide it into chunks and processes each batch in sequence. "We don’t want to leave any stone unturned, particularly if no one else is turning them over," he said in an interview ahead of the release Monday of a research paper he authored on the history and future of computer hardware designed to handle artificial intelligence.