|Day Low/High||557.12 / 575.58|
|52 Wk Low/High||181.38 / 585.42|
Plus, a look at the unusual chart pattern of Chegg Inc. and what it may mean.
While expected demand from clients such as Apple and AMD is also probably motivating TSMC to invest more, the size of its 2021 capex budget suggests other factors are also at play.
Buy the best and leave the rest to those who don't know better.
Plus, the rising possibility that the Senate may not remain in Republican control should give investors pause.
The most important market takeaway right now is that both the Nasdaq Composite and S&P 500 have filled their respective gaps and retaken their 50-day simple moving averages.
There is a presidential debate on Thursday. The market is being forced to adjust for renewed potential uncertainty.
Plus, House Speaker Nancy Pelosi and Treasury Secretary Stephen Mnuchin agree to talk stimulus turkey.
Good morning everyone! I'm Chris Versace, filling in for Doug Kass here on Friday, and we are hours away from what is commonly referred to as the end of summer with the Labor Day weekend, which will see U.S. equity markets closed on Monday. Thursday...
Plus, reading tea leaves in the recent action in Apple and Salesforce.com.
There are still quality, reasonably-priced, tech companies out there, albeit with some risks attached.
Don't confuse what's happening on the S&P with the nation's economy.
Plus, the equity markets suddenly are trading quite listlessly and Applied Materials surprises.
While valuations are clearly very high for many tech names, investor euphoria might not go away until news flow meaningfully worsens.
Negotiations on the next round of stimulus, more so than tension between Washington and Beijing, and more so than earnings season, will control short-term financial market performance.
While some growth stocks have been bid up to extreme valuations, others could look intriguing if markets see a meaningful downturn.
This list is not a buy list but a list of stocks that have been brought to new heights.
A planned infrastructure bill reportedly includes some funds for 5G and rural broadband spending, while another bill seeks to boost U.S. chip manufacturing capex.
NYSE will reopen the floor in a limited way, banks were in the headlines and Semis lead the rise.
The longer-term view remains positive.
Watching first-time jobless claims and trading volume, plus some thoughts on defense names like Raytheon and Lockheed Martin, and tech names like Lam Research.
Trading volumes dropping on major indexes, U.K. teams begin human trials on a Covid-19 vaccine, and the U.S. Senate wants another stimulus package addition.
Let's review the charts and indicators.
More than 450 quarterly reports are on tap, including 105 S&P 500 constituents.
For now, chip equipment makers are still mostly seeing strong orders. But COVID-19 lockdowns and softer chip demand are potential headwinds.
It's a paradigm shift that all started with Zoom and Cisco's Webex.
While the arrival of additional bad news could lead markets to fall further in the near-term, investor sentiment will likely turn before conditions on the ground see big improvements.
Splitting one's bets between blue chips and a smaller basket of high-upside plays with more risk could work well over the long run.