|Day Low/High||560.08 / 585.42|
|52 Wk Low/High||181.38 / 582.48|
But most important, networking is on fire - the internet of things and that's so terrific for everyone.
It signals the glut in chips may be done with, which is good news for most of the semiconductor names.
LRCX could still move higher from here but it is not a rally that I would trust.
It's the group to buy every time you hear that trade talks might falter simply because it has much more going for it than just China or cellphones.
Another look at the charts and indicators seems in order.
Are the semis right, and the bottom has been reached, or are the industrials right, and there is another leg down to come?
Proofpoint and Symantec's earnings reports just gave a fresh lift to a security tech space that continues seeing healthy growth. Here are a couple of relatively low-risk options for playing it.
The beaten down semiconductors are building up some serious momentum.
Buy weak names, and hold falling names that were up a lot going into earnings, as they won't be down for long.
Let's check the charts and indicators.
This is some sort of whacky, crazy bull market that just doesn't want to go down.
You buy the companies that have told you things have bottomed.
The chip stock surge at the week's end shines a light on just how pessimistic some investors had been as earnings multiples fell to rock-bottom levels last year.
China's central bank announced a bill swap mechanism late Thursday aimed at slowing down the nation's economic slowdown.
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.
The one-day pops that could be fleeting might only be an appetizer to the entrée that is the nascent fourth industrial revolution that semiconductors will need to underwrite.
Against an already uncertain backdrop, Intel emerges with unique issues.
Shares of the giant chipmaker are up on indications that a bottom may be building in the semiconductor sector.
Replacing fear with pragmatism, that is our goal.
Keeping an eye on the Senate shutdown vote and any trade discussion today, and watching key support levels on the SPX.
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...
Micron is a perfect example of how the stock market does work.
Today they are reversing and it is all about the bold Micron upgrade from BMO Capital.
The idea here is to buy something before everyone else wants to.
Dow Theory presents tips for surviving a bear market, some top year-end stock bargains and a simple strategy for monthly income.
A demand drag and a supply glut are fomenting a perfect storm to pressure semiconductors.
What else can you say about a decision by the Chinese that amounts to a potential repudiation of the Made in China 2025 plan?
There are some solid individual names in tech, but traders must be selective.
Let's look at the charts and indicators for more clues on LRCX's next move.