|Day Low/High||169.75 / 171.70|
|52 Wk Low/High||142.00 / 233.47|
What happened today is a recognition by money managers that they are paying too much for the drug and food stocks and too little for the building block techs.
* I have no clear view on semi fundamentals * We may be getting the momentum boys back into the chip names (which is disturbing) * But, we should once again learn from the dramatic drop in share prices of former market darlings. Semiconductor shares...
I really can not imagine my largest portfolio not having Intel as one of it's anchors.
Shares of the giant chipmaker are up on indications that a bottom may be building in the semiconductor sector.
This uncertainty will produce less trending action and more choppiness as earnings season continues.
When you get a spike in the number of new lows it gets tested at some point.
While the ongoing litigation could be seen as a deterrent to investment, I think the more interesting story is its upcoming AFib detection study with Apple.
Let's see what AAPL does with this next key price decision and trade accordingly.
Global economic weakness just adds to the pressure, here is what the Chinese should do.
The kick will come from the Chinese capitulating because their economy is so weak.
What The? Equity markets accelerated to the upside significantly after 10 am ET. It's as if somebody knows something. Improved conditions on trade?That's everyone's guess right now. There certainly seems to be nothing on the government shutdown. Bes...
Unfortunately for NFLX, the competition will only increase.
So far 2019 is proving to be a year where things have a habit of working out right.
A potential peel-back of trade restrictions is taking TSM higher, but politics still play a role.
The company may be benefitting from current low expectations.
The long-term demand bolstered by secular shifts in technology are keeping many onboard the ship for semiconductors in the long term.
TSM's largest customer is Apple, and it's second largest is Huawei.
The big contract chipmaker issues a downbeat forecast of what lies ahead for the semiconductor giant, and likely for the sector.
The RMPIA is once again outpacing the S&P 500, Dow Jones Industrial Average and the Nasdaq Composite Index.
As uncertainty increases, expect greater demand for safe haven assets.
Netflix has been underpricing its product in order to hook subscribers on its terrific content.
Do we have to run for the hills? Not necessarily.
It sure felt like that after listening to Citigroup's robust conference call this morning.
Citigroup bats lead-off for the banks, who as a group will bat lead-off for the entire sphere of public equities.
The market is extended and can use some consolidation, but the big question is how quickly the indices will find support.
Rather than cheering the start of a new bull market, perhaps we should see this rally as a much-needed 'oversold' bounce.
Where are we headed in 2019? The independent research firm's equity analysts offer their prognostications for the year.
JPMorgan Chase, Wells Fargo and Netflix are just some of the companies reporting next week.
If Barra is willing to be as bold with the company's balance sheet as with its corporate strategy, GM shares could be the ultimate value play.