|Day Low/High||203.50 / 206.11|
|52 Wk Low/High||142.00 / 233.47|
Estee Lauder is among the companies that are sure winners, no matter which way the economy goes.
The indices are fine but if you are looking to add long positions it is narrow action right now.
All the key equity indexes are up 16% or more this year, as earnings season starts.
This matters: Why the sudden 'weakness' across European debt markets?
The chip manufacturing giant, whose clients include Apple, Nvidia, AMD and Qualcomm, just reported strong June sales and beat its Q2 revenue guidance.
After the week's Fed speak, CPI data for June arrives on Thursday.
Despite the trade war with China and the upcoming Fed meeting, it was detachment in the end that likely bogged down trading on Monday.
Not even dip-buying could save Monday as concerns lingered over a looming Fed rate decision following good jobs news and over reports in Chinese press of a lack of trade progress.
We're seeing a similar story to Micron play out although Samsung seems a few months behind in the cycle.
Apple's push toward services is a valuation-driven necessity.
Coming over the wires, Electronic Arts got a price target bump to $130 from $116 at BMO Capital Markets following positive reaction to Apex Legends season 2 previews, post-E3 buzz around Respawn's Jedi: Fallen Order, and new Volta Street mode in FIF...
A subset of tech is expensive, as well as tech IPOs, but the majority of sectors are far from overvalued.
Skeptics say nothing was resolved with China deal, but they're wrong -- do they know our stock markets have run wild the first half of the year not despite, but because of the endless pessimism?
Assuming that enough of you are either long NVDA, or at least have an interest in the name, let's take a look under the hood, and make a more determined decision here.
Equity index futures were rising Monday morning on positive trade news.
The famed design chief has reportedly been paring back his day-to-day involvement with Apple in recent years, and will continue working on Apple projects through his new company.
Let's check the charts and indicators to see if the company can survive Jony Ive's departure.
The risk is that the chief design officer's departure will cause technical issues in Apple's chart.
* I added to and shorts at $291.44 and $186.62, respectively. * I added to my short at $200.98.
The G-20 Summit in Japan could hold more intrigue than just the planned meeting between President Trump and Xi.
* Out of the balance of my small long. * Added to my large and shorts at $290.90 and $185.98, respectively. * Added to money manager shorts and at $34.42 and $107.20, respectively. * Added to short at $51.35. * Added to short at $200.07.
China will likely soon allow the yuan to fall past 7.0 to the U.S. dollar, and the move's effects will spillover as the rest of Asia weakens.
I have added to my Apple short - making it now my largest individual short equity position.
With the help of an end-to-end technology approach, Qualcomm continues seeing strong design win activity for its RF chips within phones using its 5G modems.
The world's largest contract manufacturer said goodbye on Friday to founder Terry Gou, who is running for Taiwan's president; its plans pave the way for Taiwan's economic and political future.