|Day Low/High||46.06 / 46.68|
|52 Wk Low/High||42.36 / 59.59|
Plus, Friday morning's headlines are a little less rosy than the ones of the day before.
I want you to be calm and collected and I will not scare you with false fears.
As NetApp tumbled and sparked a broader selloff in enterprise hardware stocks, AWS and other cloud giants are still reporting strong growth.
While it's understandable that AMD's guidance has sparked profit-taking after a big run-up, the company still looks poised to strongly grow its CPU and GPU sales in various end-markets.
Blaming China woes for the slip, some advise growth ahead for Advanced Micro Devices.
Advanced Micro Devices's aim for a second half rebound is coming into question.
Understand that the expected Fed rate cut today is not about recent economic performance in the least.
Apple accelerates to the trillion dollar mark after earnings.
Apple has investors and analysts looking forward to its the 5G future.
It's being reported over at 9to5Mac Report, a rather reputable site that tracks Apple related news that all three 2020 iPhones will support 5G. Not exactly a big revelation mind you but following Nokia results last week that confirm 5G deployments a...
Took profits in Intel as indicated in Market Recon. Half into Brooks Automation half added to cash. Flat INTC. BRKS in between small and medium sized.
Plus, Intel results crush expectations and Starbucks solidifies its comeback.
This is 'sell the news' action. There are still a slew of reports to come, but many of the key names have reported now.
The fact that the stock's running could be because CEO Bob Swann called the bottom in data center spend.
With good reports from Facebook and others, and the Fed likely to cut rates next week, it looks like we have some strong short-term support.
After Facebook posted a great report yet saw its shares decline in morning trading Thursday, investors may be nervous about how Amazon, Alphabet and others fare after releasing their results.
And as the semiconductor sector continues to shine, Brooks Automation is a name to keep in mind.
Semiconductor strength and Mario Draghi's dovishness could be catalysts that help build on momentum.
Though it would likely take a while for Apple to begin using its own 5G modem, doing so could yield major cost savings and also carry other benefits.
INTC might surprise on the upside, but charts show prices likely to rally toward $54, then stall.
Also, defense industry names can breathe easier with word of debt ceiling and federal spending deal.
So far, the fears of a gloomy earnings season have not materialized, but most of the big guns have not yet reported.
Much of the money that Microsoft is investing in startup OpenAI will likely go towards AI computing systems featuring Nvidia GPUs.
Japan has cut off supplies of three key chemicals to South Korea, hitting the memory-chip and screen-making industries. The roots of the spat go way back.
And just why do we have a federal debt ceiling, anyway? An argument for doing away with it.
It's possible that disgruntled Symantec shareholders could make the company return to the negotiating table with Broadcom. But if that doesn't happen, there are other targets that Broadcom might pursue.