|Bid||51.32 x 4000|
|Ask||51.33 x 3200|
|Day's Range||49.89 - 51.46|
|52 Week Range||42.36 - 59.59|
|Beta (3Y Monthly)||0.67|
|PE Ratio (TTM)||11.62|
|Earnings Date||Jul 25, 2019|
|Forward Dividend & Yield||1.26 (2.52%)|
|1y Target Est||51.74|
Huawei has set an ambitious shipment goal that would help it overtake Apple in the smartphone market.
Intel Corp. may have a better-than-expected June-ending quarter at the expense of the next as PC sales rose in part in anticipation of upcoming tariffs in the ongoing U.S. trade war with China, and at least one analyst cautions that will cause the chip maker to slash its outlook for the year again.
IBD Stock Of The Day: VanEck Vectors Semiconductor ETF is in buy range, offering a way to play the chip stocks rally while limiting company-specific risk.
Technology stocks shouldered much of the stock market's gains Monday, with the sector nearly alone in making gains.
U.S. President Donald Trump is expected to drop in on a Monday meeting of top technology companies, including the CEOs of Intel Corp and Broadcom Inc, to discuss blacklisted Huawei Technologies Co Ltd and other topics, two people briefed on the matter said. White House Economic Advisor Larry Kudlow will preside over the meeting, which was confirmed by a White House official on Friday. The official said executives from Alphabet Inc's Google and Micron Technology Inc will also attend and that it had been called to discuss economic matters.
Amid all the talk of antitrust, government regulation and cryptocurrency plans, it might be nice for Big Tech just to focus on earnings this week — unless they are bad, of course.
The stock market hasn't received much news on China, but Beijing moved the needle over the weekend. China media said trade talks could resume soon.
INTC is riding high on robust performance from the CCG and data-centric portion of business. Delay in transition to 10-nm process is a concern.
President Trump eased the Huawei ban on June 28. Since then, investors have been closely monitoring how US officials implement the policy change.
Nvidia (NASDAQ:NVDA) stock has become a frustrating investment for longs. Over the last five years, NVDA has gone from a stock left for dead to becoming a driver for tech innovation. Certainly, in the coming years, Nvidia chips will probably power many of the latest technological advances. Click to Enlarge Source: Shutterstock The recent trading patterns of NVDA stock have left many investors confused. The stock has twice bounced back from close to the $130 per share level.However, with the stock seeing two significant pullbacks since October, Nvidia stock seems to lack a catalyst that will take it back to its highs. Until investors see more convincing price action, they should probably avoid Nvidia stock.InvestorPlace - Stock Market News, Stock Advice & Trading Tips * 7 Defense Stocks to Buy to Fortify Your Portfolio Nvidia Has a Solid FutureRarely do investors see such a stark divergence between short term and long term. In the long run, prospects appear bright for NVDA. Nvidia should remain a leader in artificial intelligence (AI), virtual reality (VR), self-driving cars, and data centers, on top of its core gaming capabilities. Also, its recent move to acquire Mellanox (NASDAQ:MLNX) will likely bolster its data center capability.To be sure, NVDA faces still competition from old rivals, Intel (NASDAQ:INTC) and especially AMD (NASDAQ:AMD). As our own Tom Taulli states, AMD may have even taken the performance lead on PC gaming hips.InvestorPlace contributor Dana Blankenhorn also mentions the AI-based cloud solution will also put Nvidia at odds with Alphabet (NASDAQ:GOOGL, NASDAQ:GOOG), Amazon (NASDAQ:AMZN), and Microsoft (NASDAQ:MSFT).Still, I also agree with Taulli that this challenge from AMD will likely spur Nvidia's R&D arm to speed the pace of innovation. Blankenhorn also points out that the development of the SuperPod should further demonstrate this competitive edge. As consumers and businesses widely adopt this technology, NVDA will probably rise well above the $292.76 per share record high. NVDA Is Range-BoundUnfortunately for Nvidia bulls, it will take years for any of this to help investors. Buying NVDA now for its long-term prospects could lead to years of frustration. Here's why.With the stock price close to $170 per share, it has risen substantially from its intraday low of $132.60 per share in early June. Admittedly, many would envy a 28% return over six weeks. Still, less than six weeks before hitting that low, NVDA peaked an intraday high of $192.81 per share before the drop.We do not know for sure what NVDA will do until we see how it behaves at the low-$190s per share level again. However, the price action indicates it may have become stuck in a range. At this point, I think investors should consider this a range-bound stock until proven otherwise.At the $170 per share price level, that means investors have slightly more than a 10% upside before the Nvidia price nears the top of that range. The downside of the range would mean a 20% to 25% loss. Hence it makes little sense to buy at this level.It also does not pay to buy and wait for the eventual long-term upside. NVDA has built a six-year streak of dividend increases. I also see little that would compromise future annual payout hikes. However, the 64-cent per share annual dividend yields only 0.38%. Traders can earn more than that on their money at the bank without the risk. The Bottom Line on Nvidia StockUntil proven otherwise, investors should assume that NVDA is a range-bound stock. Nvidia stock looks like a buy below $140 per share. It also becomes a likely buy if it stops falling below the $190 per share level. Hence, at around $170 per share, traders have more potential downside than upside in the short term.Once Nvidia's technologies see widespread adoption, the range should break. However, without a catalyst, investors face a negligible payout and possibly years of range-bound trading in their future. Until Nvidia gives traders a reason to buy it, I would stay away.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 * 2 Toxic Pot Stocks You Should Avoid * 7 Defense Stocks to Buy to Fortify Your Portfolio * 10 High-Flying, Overvalued Stocks in Danger of Crashing * 8 Stocks to Buy That Are Growing Faster Than Amazon The post Unfortunately, Nvidia Stock Won't Be Going Anywhere for Awhile appeared first on InvestorPlace.
Advanced Micro Devices Inc. is the chip maker to watch this earnings season as the company takes on Intel Corp. and Nvidia Corp. amid problems in the sector that are expected to show signs of improvement.
Intel's (INTC) launch of FPGA SDK and Xeon Scalable will drive top-line growth. However, decline in NAND flash pricing, lower platform revenues & expenses related to 4G modem ramp remains a headwind.
Qualcomm (NASDAQ:QCOM) has gotten a break on its controversial policy of linking chip sales to its patents, which could move Qualcomm stock in the short term. Click to EnlargeThe bump looks like a heartbeat on an EKG, a spike of $3.50 per share that came after the Department of Justice uttered the magic words "national security" in defense of what Judge Lucy Koh and the Federal Trade Commission have called an illegal monopoly.InvestorPlace - Stock Market News, Stock Advice & Trading TipsIn a friend of the court brief filed with the Court of Appeals for the 9th Circuit, Justice was joined by the Departments of Defense and Energy in arguing that Koh's decision threatens American leadership in a crucial sector of the global economy.The letter is unequivocal: "Immediate implementation of the remedy could put our nation's security at risk, potentially undermining U.S. leadership in 5G technology and standard-setting, which is vital to military readiness and other critical national interests." * 10 Tech Stocks That Are Still Worth Your Time (And Money) Despite the letter, and a column from our own Bret Kenwell calling this "the perfect opportunity to profit from Qualcomm stock," shares fell steadily after the spike. They opened July 19 at about $74.40, $1.30 per share lower than before the DoJ letter came out. Qualcomm Stock and International TroublesOne reason was a $272 million fine the European Union levied against Qualcomm. This was for blocking a British modem chip maker named Icera, later bought by Nvidia (NASDAQ:NVDA) and closed, from the 3G baseband chip market a decade ago. Qualcomm calls the fine meritless.It's the second big EU fine in a year for Qualcomm, following a $1.1 billion levy over its treatment of Apple (NASDAQ:AAPL). Apple settled its legal argument with the San Diego company in May, sending the shares from the mid-50s to the mid-80s within a few days.Barclays (NYSE:BCS) analyst Blayne Curtis placed the Justice letter against the EU fine and dropped his rating on Qualcomm.The merit in the Justice Department's argument is nationalistic, not legal. It is a political letter. Questionable Tactics and QualcommQualcomm's tactics of "no license, no chips" have given it monopoly power as mobile operators and others begin spending big on 5G networking gear. Even Apple was forced to back down, seeing that Intel (NASDAQ:INTC) was too far behind Qualcomm to deliver a competitive design in a timely manner.But Qualcomm does face a potential rival in China's Huawei, called a big winner after Koh's decision . When the Apple case was still alive, in January, Qualcomm had reached an interim patent licensing deal with Huawei.The Koh decision, based on facts Apple gave the Federal Trade Commission, led veteran analyst Rob Enderle to say Huawei will now win the race to 5G, predicting the company will pivot to its own, proprietary designs and come back stronger, as Microsoft (NASDAQ:MSFT) did after its own antitrust fight.The argument is that Qualcomm CEO Steve Mollenkopf may be a son of a bitch, but he's our son of a bitch. The Bottom Line on Qualcomm stockKenwell's argument for Qualcomm stock is based on reading technical charts. Fundamentally he acknowledges the risk in Koh's decision and the European fines.But Qualcomm is now selling for less than four times its annual sales. Its dividend of 62 cents per share, well supported by earnings, represents a yield of 3.33%. That's better than what you get on a 30-year bond. This at a time when Adobe (NASDAQ:ADBE) is selling for over 15 times sales, without a dividend.If Qualcomm loses and must adjust its business practices, it's still going to win a big share of the 5G modem marketplace. If it wins, and the U.S. has now put its thumb on that scale, the stock is cheap.Dana Blankenhorn is a financial and technology journalist. He is the author of a new environmental story, Bridget O'Flynn and the Bear , available now at the Amazon Kindle store. Write him at email@example.com or follow him on Twitter at @danablankenhorn. As of this writing he owned shares in MSFT, AAPL, and NVDA. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 10 Tech Stocks That Are Still Worth Your Time (And Money) * 7 Marijuana Stocks With Critical Levels to Watch * 7 of the Best Smart-Beta ETFs to Target Right Now The post National Security as Protectionism Will Keep Driving Qualcomm Stock appeared first on InvestorPlace.
(Bloomberg) -- Terms of Trade is a daily newsletter that untangles a world embroiled in trade wars. Sign up here. Face-to-face negotiations between the top Chinese and U.S. trade negotiators could happen soon, according to Chinese state media, after a number of goodwill gestures by Beijing over the weekend.Chinese companies asked U.S. exporters about buying agricultural products and also applied for exemptions from China’s retaliatory tariffs on the goods, state-run Xinhua News Agency reported Sunday. That shows China’s “goodwill” and its commitment to fulfill its promises to the U.S., Xinhua said early today in a separate commentary.The two sides have been “cautiously showing each other sincerity and goodwill” recently and may meet for discussions soon, according to Taoran Notes, a blog run by the state-owned Economic Daily newspaper. In China’s eyes, the U.S. exclusions from punitive tariffs imposed on some Chinese goods and its push to allow American companies to supply Huawei Technologies Co were positive signals to advance the talks, according to both Xinhua and Taoran.The Chinese government met on Friday with domestic soybean buyers about a plan to purchase more U.S. supplies, according to people familiar with the situation. That could include waiving China’s retaliatory tariffs, but details aren’t decided yet, the people said.Senior White House officials invited U.S. technology companies including Intel Corp. and Qualcomm Inc. to the White House on Monday to discuss a resumption of sales to Huawei, which is currently on a trade blacklist, according to people familiar with the matter.Meeting TimingWith China’s top leadership likely to be out of Beijing from early August for their annual seaside conclave, it is highly likely that a meeting between Vice Premier Liu He and his U.S. counterparts is not far away, according to the Taoran Notes post last night on the WeChat platform. The two sides spoke by phone Thursday to discuss “the next step of negotiations,” indicating a move toward face-to-face talks, Taoran said.The call last week was the second since the two nations’ presidents met in Japan in late June.Separate to the possible agricultural purchases, China announced Saturday new measures to further open up the nation’s financial sector to foreign investors. Foreign companies will be able to take a stake in or control entities including wealth management units of commercial lenders, pension fund managers and currency brokers.The changes weren’t announced as directly related to the trade talks with the U.S., but American criticism of China’s protection of various domestic markets is a core issue in the ongoing trade tensions. These changes were made by the State Council’s Financial Stability and Development Committee, which is also led by Liu.Still, there was a note of caution in the reports. Taoran said the tariffs imposed on Chinese products must be entirely removed or they would be an irritant during the talks. The removal of the tariffs is one of three core conditions that China has made for any deal.(Updates with Chinese discussions on agricultural purchases and U.S. meeting on Huwei in 4th and 5th paragraphs.)To contact Bloomberg News staff for this story: Miao Han in Beijing at firstname.lastname@example.orgTo contact the editors responsible for this story: Jeffrey Black at email@example.com, James Mayger, Paul JacksonFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.
Investing.com - U.S. futures were higher on Monday as Wall Street looked set to recover from last week’s decline, with earnings season still in focus.
White House economic adviser Larry Kudlow will host a meeting with semiconductor and software executives on Monday to discuss the U.S. ban on sales to China's Huawei Technologies Co Ltd, two sources briefed on the meeting said on Friday. Treasury Secretary Steven Mnuchin will also attend the White House event, to which chipmakers Intel Corp and Qualcomm Inc have been invited, the people said. A White House official confirmed the meeting would take place, noting that Google and Micron would attend, but said it had been called to discuss economic matters.
(Bloomberg) -- President Donald Trump’s senior advisers have invited U.S. technology companies to the White House on Monday to discuss a resumption of sales to blacklisted Chinese telecoms giant Huawei Technologies Co., according to people familiar with the matter.White House economic adviser Larry Kudlow and Treasury Secretary Steven Mnuchin arranged the meeting with semiconductor and software companies because they wanted to talk about how to move forward. A person familiar with the meeting said the White House asked the companies “to discuss economic matters.”Among those invited are Intel Corp. and Qualcomm Inc., according to the people. The White House did not immediately respond to a request for comment.Trump and Chinese President Xi Jinping agreed to a tentative pause in their trade war and to resume negotiations after meeting at the Group-of-20 leaders’ summit in Japan on June 29. The U.S. president at the time said he would loosen restrictions on Huawei and that China had agreed to make agricultural purchases.The White House meeting is an effort to show China that Trump is serious about allowing U.S. companies to resume business with Huawei and encourage Beijing to move forward with buying more from U.S. farmers, one of the people said.Farm GoodsChina has told the Trump administration that it would only follow through on the farm purchases once the president issues export licenses for American companies to continue shipments to Huawei. The Commerce Department is leading the process, and has said it will only grant exceptions in cases where there’s no threat to national security.U.S. companies had halted shipments after the U.S. added Huawei to a trade blacklist in May, though some have resumed certain sales after reviewing the terms of the ban.Some in the U.S. administration are arguing for America to cut off Huawei from American suppliers entirely for national security reasons, and their view is supported by China hawks on Capitol Hill.White House trade adviser Peter Navarro said earlier this month that Trump is allowing the sale to Huawei of “low grade” chips that aren’t a security risk. The administration will ensure the Chinese telecom company won’t end up dominating 5G infrastructure in the U.S., Navarro told CNN.Chipmaker FortunesHuawei is one of the world’s biggest purchasers of semiconductors. Continuing access to Chinese customers is crucial to the fortunes of chipmakers such as Intel, Qualcomm and Broadcom Inc.Some U.S.-based makers of the vital electronic components have already reported earnings and given forecasts that show the negative effects of the trade dispute. They’ve argued that their financial health is crucial to U.S. leadership of a strategically important industry.Mnuchin and U.S. Trade Representative Robert Lighthizer spoke by phone with their Chinese counterparts about trade on Thursday. Mnuchin has said if the talks progress over the phone, he and Lighthizer may travel to Beijing for in-person meetings.Trump said on Friday that the call with Chinese officials a day earlier was “very good” but that they’ll “see what happens.”The Washington Post reported earlier that U.S. technology companies planned to meet Kudlow at the White House on Monday.\--With assistance from Mark Bergen.To contact the reporters on this story: Jenny Leonard in Washington at firstname.lastname@example.org;Ian King in San Francisco at email@example.com;Todd Shields in Washington at firstname.lastname@example.orgTo contact the editors responsible for this story: Margaret Collins at email@example.com, Sarah McGregor, Andrew PollackFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.
Advanced Micro Devices (NASDAQ:AMD) stock has been red-hot, hitting new 52-week highs earlier this month. When it comes to returns, AMD stock is crushing its peers like Nvidia (NASDAQ:NVDA) and Intel (NASDAQ:INTC).Source: Shutterstock Even better, InvestorPlace readers who followed my advice have been crushing the trade too, riding the surge from about $30 to $34 and cashing out on its run into resistance. Now we have to consider when to buy AMD stock again and decide whether it can break out over its stiff resistance. * 10 Tech Stocks That Are Still Worth Your Time (And Money) $34 has proven to be a tough nut to crack, but with the trend pointing higher, a breakout could be looming. AMD stock price fell slightly on Wednesday as it failed to exceed $74. Advanced Micro Devices stock was down over 2% in early trading on Thursday, thanks to a downgrade by Mizuho. In mid-afternoon trading today, the stock is down 0.2% to $32.90.InvestorPlace - Stock Market News, Stock Advice & Trading TipsMizuho analysts downgraded the stock to "neutral" from "buy," but raised their price target to $37 from $33. The new target is more than 10% above the current price of Advanced Micro Devices stock. Not that it matters all that much, but it's worth pointing out that the Street-high target for AMD stock is $43, about 30% above its current levels.So can Advanced Micro Devices stock reach $43? Trading AMD Stock Click to EnlargeA look at the weekly chart above shows a pretty simple layout. AMD stock is being pushed higher by uptrend support (depicted by the blue line) and is finding resistance at $34. It temporarily broke above this mark earlier this week, but it wasn't able to stay above it.That's not surprising, given how much resistance the shares face at $33-$34. In fact, I'd argue that it's healthy for AMD stock to back off its recent run a bit. The more shallow the dips become and the more times it tests $34, the more likely it is to push through that level.This is setting up as a textbook ascending triangle formation. That's where a stock makes a series of higher lows, led higher by uptrend support, while regularly failing at a static level of resistance. That's exactly what Advanced Micro Devices stock is doing now.That doesn't guarantee that AMD stock will break out or that it will push through $34. Advanced Micro Devices stock very well could lose uptrend support and tumble lower in the ensuing months. I would absolutely love another shot at AMD near the 10-week moving average, which is currently at $30.60, or near its uptrend support.That would require a fall of about 7.5% of AMD stock price, which I'm not sure we'll get. The company reports its earnings on July 30, so investors looking to ride some pre-earnings momentum or those looking to avoid a potentially large move should keep that date in mind.So what's the plan? Those who love AMD stock can gobble it up on any of these pullbacks. For more prudent investors, buying Advanced Micro Devices stock on a deeper pullback or on a breakout over $34 are possibilities. Like I said, I would love to buy AMD after it retests its support. Valuing Advanced Micro DevicesWhy is Advanced Micro Devices stock doing so much better than its peers? In 2019, AMD stock is up 78%, compared to just 28% and 5% for NVDA and INTC, respectively. Over the past 12 months, the performance gaps are even more stark.AMD stock price has surged 97% in the last year, while NVDA has fallen almost 33%. Ouch. Intel is down about 5% during that span. This difference in performance is why I recommended a basket approach more than a year ago to protect against risk. While Nvidia has underperformed Intel, imagine owning just Intel or just Nvidia and watching AMD double. That's frustrating.Luckily though, AMD's fundamentals are improving.While Nvidia makes the best-in-class chips, AMD's products are making up ground. AMD's products are being incorporated into more PCs, gaming consoles and other systems, enabling the company to generate strong top- and bottom-line growth. While Intel is struggling to generate growth and while Nvidia has negative metrics in 2018, AMD continues to pump out solid results.Analysts, on average, expect AMD's revenue to eke higher by 6.3% this year to $6.88 billion. In 2020 though, the consensus forecast calls for a 22%surge to almost $8.5 billion. The company's earnings forecast is even more impressive, with average estimates calling for 43.5% growth this year and an acceleration up to 56% growth in 2020.In 2020, the consensus estimate calls for earnings of $1.03 per share, which leaves AMD stock trading at roughly 32 times next year's consensus EPS outlook. That's a little pricey, considering how much better Nvidia's margins are than AMD's. But assuming AMD can meet the consensus growth estimates, the valuation of AMD stock isn't all that unreasonable.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 * 2 Toxic Pot Stocks You Should Avoid * 10 Tech Stocks That Are Still Worth Your Time (And Money) * 7 Marijuana Stocks With Critical Levels to Watch * 7 of the Best Smart-Beta ETFs to Target Right Now The post Can AMD Stock Break Out to $37?Â appeared first on InvestorPlace.
Investing.com – What started as a solid stock market rally Friday was mostly wiped out by rising tensions in the Persian Gulf.
These stocks are likely to endure sharp revenue declines in the next 12 months as demand weakens and the U.S.-China trade dispute drags on.
As one of the world's premiere chipmakers, Intel (NASDAQ:INTC) naturally attracts significant attention from market participants. However, this period draws more eyeballs than usual.Source: Shutterstock It's not only about the company's upcoming second quarter of 2019 earnings report. Rather, it's whether the semiconductor firm has finally addressed its challenges to justify taking a shot at Intel stock.Understandably, many investors are not convinced with INTC stock. In Q1, the chipmaker delivered a beat on both per-share profitability and revenue. Ordinarily, such results would spike the Intel stock price. But that's not what happened, primarily due to management disclosing a rather disappointing guidance for the rest of the year.InvestorPlace - Stock Market News, Stock Advice & Trading TipsFor one thing, Intel didn't see a "clear path to profitability" in the mobile 5G space. Essentially, this move gave rival Qualcomm (NASDAQ:QCOM) significant leverage in the next-generation telecommunications sector. Just as critically, Intel lost credibility with its core customers. For instance, Apple (NASDAQ:AAPL) desperately hoped that Intel could provide a 5G solution because it has a poor relationship with Qualcomm.Failing your enterprise clients is a surefire way to ruin your reputation. Thus, I can't blame the markets for taking down the Intel stock price a few notches. * 7 Stocks Top Investors Are Buying Now Secondly, the competition smells blood. Of course, I'm mostly referring to Advanced Micro Devices (NASDAQ:AMD). A perpetual runner-up, AMD has finally taken Intel to task for its many errors. Now, AMD has the chipset portfolio to compete with Intel on laptop PCs, data servers and enterprise-level businesses. With the rival bringing attractive pricing and top-notch products to the table, INTC stock appears incredibly troubled. Intel Stock Is an Ideal Contrarian InvestmentNaturally, folks may wonder if they should take the obvious trade: dump INTC stock and get on board AMD (or another upstart rival)? Although the narrative doesn't appear compelling for INTC, I believe that shares offer an ideal contrarian investment.Generally speaking, both the investor and the techie community are heaping the love on AMD. I get it. Most folks love a good underdog story, and AMD is it. Plus, the company has a rabid following that is difficult to explain.If you want to start a verbal tussle, say something negative about AMD. If you want threats to your safety, talk positively about Intel stock in the same breath.But this scenario is ripe for going against the grain. Despite Intel's reputation as an established stalwart, it still has a viable growth narrative. For example, Q4 2006 to Q1 2019, the correlation coefficient between corporate revenue and INTC stock is 87%. Even under a more recent comparison from Q1 2014, the correlation remains strong at 82%. Click to EnlargeWhat am I saying here? As revenue increases, so too does the Intel stock price. And it's doing so consistently, meaning that this investment is rational: the technicals largely trade on the fundamentals.However, when the price action dips significantly as we saw following the Q1 2019 earnings report, I believe contrarians have an opportunity to profit. Mainly, I think this because the bad news is baked into the Intel stock price.Sure, the company has suffered some embarrassing internal and operational gaffes. But to be perpetually bearish on INTC stock doesn't really make sense. We're talking Intel here. If anything, they have the resources to aggressively reclaim lost ground that other competitors do not have. INTC Stock Remains a PowerhouseAnother factor to consider is that AMD may have matched Intel in terms of chip performance and capabilities. However, that's just one component. As a significantly smaller outfit, AMD doesn't have the bandwidth to take down INTC comprehensively.For instance, look at the PC market. Intel's delays in distributing its 10-nanometer chips have opened the door to AMD to steal segment share. However, AMD is only able to provide the chips themselves.But the PC market is much more than just processors. As the larger company, INTC offers related components to its enterprise clients, such as Wi-Fi chips and NAND flash. It also builds platforms so client manufacturers can maximize the potential of their PC products.In other words, Intel is too deeply embedded within the broader tech market to simply unseat. Therefore, I feel confident that Intel stock can rise from its present (and likely temporary) challenges.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 * 7 Stocks Top Investors Are Buying Now * The 10 Best Cryptocurrencies to Keep on Your Radar * 7 Marijuana Penny Stocks That Could Triple (But You Won't Make Money) The post Hereas Why the Contrarian Case for Intel Stock Makes Sense appeared first on InvestorPlace.
The market managed to snap out of a two-day funk before it raced out of control, with the S&P 500 logging a gain of 0.36% on Thursday. Nevertheless, the volume behind the move was modest, and the weight of the gains since early June are still bearing down.Source: Shutterstock The gain took shape despite Netflix (NASDAQ:NFLX), which fell 11% after last quarter's subscriber growth fell well short of estimates. Helping keep stocks in the black despite Netflix's stumble, above others, were International Business Machines (NYSE:IBM) and Philip Morris International (NYSE:PM). Shares of Big Blue improved more than 4% following its second quarter earnings beat, and the cigarette company's stock jumped more than 8% after it crushed its Q2 outlooks.It's the stock charts of eBay (NASDAQ:EBAY), Intel (NASDAQ:INTC) and Mohawk Industries (NYSE:MHK) that offer the most promising trade prospects as the week comes to a close, however. Here's why, and what to look for.InvestorPlace - Stock Market News, Stock Advice & Trading Tips Intel (INTC)It would be easy to give up on Intel here, after the reversal that began to take shape in late May seems to have stalled. It's too soon to throw in the towel just yet, though. INTC stock has found support right where it needed to most, and may only simply be preparing its next move. * 10 Tech Stocks That Are Still Worth Your Time (And Money) If such an effort is brewing and manages to take hold, however, there's a fair amount of upside that could actually be captured in a short period of time. Click to Enlarge• The support in question was offered by the critical 200-day moving average line, plotted in white on both stock charts. This week, it's kept Intel from sinking any lower (highlighted).• That support, however, will mean nothing until INTC stock moves above the gray 100-day moving average line, which more or less coincides with a handful of highs around the $50.50 level.• The long-term pattern favors a move above current levels. Pushing up and off of a support level that now tags all the key lows since the beginning of 2018, plotted in red on both stock charts, a move to the $58 area would repeat and complete the pattern.• Still, there's a decided lack of volume behind the bullish effort thus far. Mohawk Industries (MHK)At the beginning of this month Mohawk Industries was pegged as a good breakout candidate. Though the thrust from June had rolled over, it found a technical floor at the idea spot and turned high again. The move underscored a much bigger upside effort that started to take shape late last year.MHK has knocked over another impasse in the meantime. The technical ceiling that capped the early July gain where June's peak was to be found has been hurdled as well. The backdrop isn't too shabby either. Click to Enlarge• The technical ceiling in question is $153.50, plotted in blue on both stock charts, marking where Mohawk made its last two highs.• Though hardly above average, the volume that had been missing since the late-June bounce is finally starting to take shape.• The rebound from last year's miserable pullback puts that weakness well into the rearview mirror, but also leaves no clear technical ceiling. Last July's high near $228 is the next most plausible resistance. eBay (EBAY)The initial reaction to Wednesday's post-close earnings report from eBay was extreme bullishness, unwinding a sizeable (even if not earth-shattering) setback suffered during Wednesday's regular hours action. It looked like the pause since mid-June was going to give way to a new rally.Thursday's bullishness faded quickly though, and in a big way. While EBAY stock still ended the day with a gain, it ended the day well below the highs, and the stage is set for much more weakness with even just the slightest of slipups. Click to Enlarge• Tall bars made on high volume often indicate pivot points. In this case two consecutive tall bars on volume surges suggest that the profit-takers were and are tearing in, and were planning to do so no matter what.• Zooming out to the weekly chart, we can see that the last overbought condition that coincided with a pullback from a tall weekly bar from early 2018 turned out to be a major pivot point as well.• The key here is the $38.84 area, marked in yellow on the daily chart. That's where eBay shares made a low on Wednesday, but also in late June. A move under that level could prove problematic.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 * 10 Tech Stocks That Are Still Worth Your Time (And Money) * 7 Marijuana Stocks With Critical Levels to Watch * 7 of the Best Smart-Beta ETFs to Target Right Now The post 3 Big Stock Charts for Friday: eBay, Intel and Mohawk Industries appeared first on InvestorPlace.
[Editor's note: "5 Self-Driving Car Stocks to Buy" was previously published in May 2019. It has since been updated to include the most relevant information available.]Full-blown autonomous driving won't be here tomorrow, but it's certainly on the way. The technology has drawn mixed emotions from consumers. Some don't trust it and aren't excited for a computer to navigate the vehicle that they're in. Others are embracing the technology and can't wait for it to happen. That's one reason they're looking for self-driving car stocks to buy.For all the doubters out there, though, please realize this technology is coming. I know this for two reasons: that it will save lives and save money. Almost 40,000 people die in the United States each year due to automotive accidents, an unacceptable level of fatalities. My hope is that one day we look back and say we can't believe how high that number used to be.InvestorPlace - Stock Market News, Stock Advice & Trading TipsUltimately, self-driving cars will cut that number down. It's why we have hundreds of companies collectively pouring billions of dollars into the solution. It will increase productivity, improve safety and decrease logistics costs. Simply put, it would be crazy to ignore this opportunity. * 10 Retirement Stocks That Won't Wilt in a Bear Market With that said, let's examine some autonomous car stocks to buy.Source: Waymo Alphabet (GOOGL,GOOG)Alphabet (NASDAQ:GOOGL, NASDAQ:GOOG) should be considered the leader of the self-driving car movement. It's the first major company that devoted major dollars to establishing a program for an autonomous fleet and it's no surprise that it's still the leader a decade later.After launching its own segment, Waymo, the company has seen the unit's valuation soar. More than one analyst has pegged its valuation at more than $100 billion. Morgan Stanley analysts hold the top valuation mark for now, saying Waymo could be valued at up to $175 billion.It operates the only commercial autonomous vehicle program in the country and has plans to expand globally. Waymo is also eyeing the semi truck market for its autonomous vehicle services and licensing to automakers isn't out of the question down the road.Simply put, this company is leading the pack. If you want exposure to just one company with a rock-solid balance sheet and exposure to self-driving cars, GOOGL is the stock to buy.Source: Shutterstock General Motors (GM)Widely considered in second place for autonomous driving commercial services in the U.S. is Cruise, a subsidiary of General Motors (NYSE:GM).GM acquired Cruise for roughly $1 billion in August 2016. Following investments from SoftBank and Honda (NYSE:HMC) in 2018 though, the valuation has soared all the way up to $14.6 billion. Talk about a return on investment. GM CEO Mary Barra has proven she can lead an innovative team while also making savvy acquisitions when needed.Cruise gives GM a viable commercial autonomous taxi option for the future, while the company's own self-driving technologies -- like Super Cruise in its Cadillac line -- have proven to be an industry leader as well. GM is among those fighting for a spot at the top when it comes to autonomous driving and that shouldn't come as a surprise. * 10 Retirement Stocks That Won't Wilt in a Bear Market Just when everyone wants to dump the automaker, it comes out with strong guidance for the quarter and for fiscal 2019. Then it tops Q4 estimates and reiterates guidance. The valuation is low with a single-digit P/E ratio and the dividend is high with a 3.9% yield. GM could be a good stock to buy if it sees a large pullback this year.Source: Shutterstock Nvidia (NVDA)After making its name in gaming and computer chips for years, Nvidia (NASDAQ:NVDA) quickly found itself in the dog house, falling about 50% in the fourth quarter. What a brutal beating for investors. Nvidia stock then recovered in Q1, but has since retreated againHowever, it gives investors -- particularly those looking for self-driving car stocks to buy -- an opportunity to invest in a long-term theme on the cheap. Despite the drumming Nvidia has received following its inventory-related issues, there's no denying its position among the autonomous driving leaderboard.Unlike GM and Waymo though, Nvidia does not have its own autonomous taxi service. Instead, it's building hardware and software solutions for hundreds of customers focused on self-driving cars. Put simply, it requires a mind-boggling amount of input and power to operate a self-driving vehicle. Whether it's an automaker, research team or startup, many of these companies are leaning on Nvidia as the backbone to their self-driving aspirations.As such, Daimler (OTCMKTS:DDAIF), maker of Mercedes-Benz, has partnered with Nvidia for its autonomous driving and self-driving taxi ambitions. Look for automotive revenue to continue increasing for the foreseeable future for Nvidia.Source: stargazer2020 via Flickr Intel (INTC)Like Nvidia, Intel (NASDAQ:INTC) is not building its own autonomous driving platform. However, the company is working on components that will help other companies build its own self-driving systems.Various chips are on the way and Intel's $15.3 billion acquisition of Mobileye is helping lead its charge. The company made the costly acquisition in order to bolster its portfolio in the automotive segment and give itself a chance in the self-driving car race.While Intel may not get much of the spotlight, it is worth mentioning the company's advances. During the Autonomous Vehicles 2018 conference in Detroit, MI. In August, I witnessed the company's breakdown of its Responsibility-Sensitive Safety program (RSS). Acting as a reactionary system for autonomous driving, it helps improve safety and mitigate risk. It's not perfect, but it was an impressive program to watch at work.Intel also has deals in the pipeline. In 2018, Intel agreed that it will supply its relatively new EyeQ5 chip in 8 million vehicles for a so-far unnamed European automaker. The deal won't begin until 2021 and while the terms weren't disclosed, 8 million cars is a lot of vehicles. Consider that U.S. consumers buy about 17 million new models per year. * 10 Retirement Stocks That Won't Wilt in a Bear Market In other words, Intel has a future in the autonomous driving space, making it a good stock to buy.Source: BlackBerry BlackBerry (BB)This list doesn't have to be five stocks long -- it could be 25 without an issue. There are so many companies involved, many don't even realize it. There's cloud and data companies, automakers, semiconductor manufacturers, OEM suppliers, chip makers and a long list of others that are involved.That said, we could have listed Tesla (NASDAQ:TSLA), Baidu (NASDAQ:BIDU) for its Apollo driving program, NXP Semiconductor (NASDAQ:NXPI) and a whole host of others. But let's talks about BlackBerry (NYSE:BB) because it doesn't get much love when talking about self-driving car stocks to buy.BlackBerry is a software and security play. After talking up Jarvis at last year's Detroit Auto Show (in 2018), the discussion has admittedly faded somewhat. However, BlackBerry is already in tens of millions of vehicles and is partnering with some of the largest automakers in the world. When -- not if -- autonomous driving hits its stride, security will be one of the top concerns for automakers.With BlackBerry having an excellent reputation in this regard, it will be (and to some extent, already is) a go-to stock to buy in automotive software security. Autonomous vehicles are essentially computers on wheels and that's a big deal for a company like BlackBerry, making it a good stock to buy.Bret Kenwell is the manager and author of Future Blue Chips and is on Twitter @BretKenwell. As of this writing, Bret Kenwell is long GOOGL and NVDA. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 10 Tech Stocks That Are Still Worth Your Time (And Money) * 7 Marijuana Stocks With Critical Levels to Watch * 7 of the Best Smart-Beta ETFs to Target Right Now The post 5 Self-Driving Car Stocks to Buy appeared first on InvestorPlace.
Taiwan Semiconductor Manufacturing (TSM), the world’s largest contract chipmaker, competes with Samsung Foundry (SSNLF) and Global Foundries.
Advanced Micro Devices (AMD) is set to report its Q2 earnings on Wednesday, July 24. The semiconductor firm's stock has surged 79% for far this year.