|Day Low/High||46.34 / 47.24|
|52 Wk Low/High||31.25 / 47.67|
These 'Bearish Bets' are showing both technical and quantitative deterioration.
It's going to be one hectic week.
Today they are reversing and it is all about the bold Micron upgrade from BMO Capital.
The company's recent sales challenges have less to do with pricing for its new flagship iPhones than with breaking from its traditional formula of keeping the prior year's flagship iPhone around at a discount.
Despite putting hardliner Lighthizer in charge of talks, Trump did not raise tariffs -- so don't believe all the bear hype around trade discussions.
These names are showing bullish or bearish reversal patterns over the past week.
I can't stress how important the ZTE news is for the group.
If the shares rally it means there can be a semi that isn't brought low by Apple and the Chinese trade talks.
If you thought last week was busy, hang onto your hats.
Our 'bearish bets' show weak technical characteristics and have received recent quant downgrades.
TSMC's soft outlook was blamed in large part on high-end smartphone pressures.
Latest salvo in China trade war damages tech while higher rates and oil undercut consumer goods and housing.
Though many tech names still carry high multiples, there are now quite a few with reasonable valuations.
Business isn't great right now for these companies. But there's a good chance it'll be better in a year or two.
What's ahead for CRUS? Let's check the charts and indicators.
Apple's flagship phone has a starting price of over $1,200 in many overseas markets. And reports are growing of subdued 2018 demand.
My economist side would clearly prefer a rules-based approach toward monetary policy.
Just because business conditions look good for a company today doesn't mean they'll stay that way forever. Especially if a major rival or supplier has a change-of-heart.
This market is focused on Apple and Gilead's planned acquisition of Kite.
On the whole, tech stocks had a solid earnings season. But many richly-valued names sputtered despite releasing decent numbers.