|Day Low/High||90.22 / 91.72|
|52 Wk Low/High||60.70 / 101.35|
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.
Industry consolidation has yielded favorable pricing environments for many kinds of chips. Together with good conditions in some big end-markets, the stage is set for a strong 2017.
These are my top fall-and-rise stories for the 10 days leading up to and immediately following next week's Federal Reserve meeting.