|Day Low/High||200.15 / 205.17|
|52 Wk Low/High||110.19 / 209.30|
Traders should stand aside from the long side of KLAC until support develops.
This list is not a buy list but a list of stocks that have been brought to new heights.
The administration will provide increased financial support to 5 pharmas working on Covid vaccines, and we must keep an eye on price action in this uncertain market.
NYSE will reopen the floor in a limited way, banks were in the headlines and Semis lead the rise.
Chip equipment and memory stock particularly look more attractive now.
KLA Corp. and Target already have triggered entry points, while CVS Health soon could.
I don't think any of the takeaways have to do with the political mess in Iowa, nor the 'State of the Union' address scheduled for Tuesday night.
MagnaChip Semiconductor and Ichor Holdings have joined the ranks of industry firms to announce that their Q4 sales were better than previously expected.
Let's review 2019 performance of RMPIA in relation to stock indexes and see what's ahead.
This company made headlines in 2019, and I'm betting on it as a great play -- in many senses of the word -- for this new year.
Overall the charts and indicators of KLAC look constructive.
The PC giants said they now expect Intel CPU shortages to continue into 2020, with Dell indicating costlier CPUs are now also affected. That could spell a bigger opening for AMD.
Also, Fed Chairman Powell says there are no plans for a U.S. digital currency (for now), plus Tesla's electric pickup.
Strong markets tend to stay sticky to the upside, and the mild pressure on the indices isn't preventing some good stock picking.
Markets are watching what Fed Chair Powell will signal for future rate cuts during this afternoon's FOMC rate decision.
Tesla and Lam Research are soaring post-earnings, while Twitter is plunging. Here's a look at what's driving the moves.
The tech sector has been the victim of the recent "on again, off again" rotation. That may really just mean that the group has been victimized by its own success.
The Chinese currency, the yuan, was permitted on Monday to smash through what has been considered to be the important psychological level of 7 to 1.
And as the semiconductor sector continues to shine, Brooks Automation is a name to keep in mind.
Also, defense industry names can breathe easier with word of debt ceiling and federal spending deal.
The chip manufacturing giant issued upbeat Q3 sales guidance and forecast this year's capital spending will be at the high end of a prior guidance range.
Analog chip suppliers, optical component firms and chip equipment makers could be among the firms that see M&A interest if trade tensions continue to ease.
As chip stocks gain nearly across the board following numbers from Micron that weren't exactly stellar, it's worth remembering how low valuations for many names had gotten.
This softness in energy pricing, though not good for the oil patch, and certainly a negative for the railroads, will help in two ways.
Like other chip equipment makers, Applied is slogging through a rough 2019. But it outlined a case for better 2020 demand.
Following a big rally in recent months, KLA's shares are lower Tuesday after the company maintained a cautious view of near-term chip equipment demand.
Though the Korean tech and electronics giant is facing its share of challenges, it did report seeing strong Galaxy S10 sales and forecast memory demand will improve in the coming months.
As we have seen so far, in terms of market reaction, there is great reward at the point of sale in beating expectations.