|Day Low/High||108.49 / 109.43|
|52 Wk Low/High||73.74 / 112.47|
I am simply respectful of the power of hope melded with the strength of so many parts of technology and I want to buy, not sell, these stocks when they get hammered.
While chip stocks are now pricing in a lot of optimism, the latest headlines aren't exactly giving bulls cold feet.
The purpose is not to shake you out, although it can feel like that; here's what's really going on.
Despite playing the industry and macro blame game on the conference call, TXN execs may have overstated the significance of those factors in the company's poor report and outlook.
Possibly due to worries about the fixed costs attached to their business models, many fab-owning chip suppliers with meaningful growth opportunities are still trading at low valuations.
Microchip is selling off after providing fresh evidence that trade tensions continue weighing on Chinese demand. Qorvo is rallying after issuing strong guidance on account of share gains and 5G network rollouts.
With Nvidia's needs addressed, the stock is set to surge.
Fears about Fortnite's impact did a number on gaming stocks following Electronic Arts' and Take-Two's earnings reports. However, the industry is still poised to see long-term growth.
The cyclical downturn that TI and STMicro appear to be seeing isn't the end of the world for chip stocks. But trade tensions complicate matters.
The chipmaker, which has strong exposure to Chinese manufacturers, partly blamed trade worries for its soft guidance.
iQIYI and Roku may offer some choice opportunities.
Here's my updated trading strategy on the semiconductor name.
Execs at Texas Instruments, AMD, Skyworks and other chip and chip equipment firms have had some interesting things to say.
Let's drill down into the charts and indicators for clues.
Yes, some stock will fall ... but most will ultimately rise.
Stormy morning for a stormier market? U.S. stock futures look to extend yesterday's losses. These are the stories you need to know.
Forget macroeconomics and look at individual companies.
Stocks are mostly higher mid-week, though the Dow struggles for direction.
The odds are looking good for activist Elliott Management's push to get a higher sale price for NXP.
Technical pattern has formed on daily charts of Microchip Technology and T-Mobile.
On the whole, tech stocks had a solid earnings season. But many richly-valued names sputtered despite releasing decent numbers.
Elliott Management and other big NXP investors reportedly want the Qualcomm deal renegotiated. Given what has happened over the past seven months, they might just have their way.
Consolidation, strong memory prices and healthy demand from several end-markets continue driving industry profits higher. Some good news is clearly priced in, but maybe not all of it.