|Day Low/High||41.83 / 42.57|
|52 Wk Low/High||28.39 / 64.66|
Equity markets can continue to move up and regain lost performance -- valuations are supportive and company's earnings are not as bad as feared.
When you have a bunch of these in one day, you can move whole sectors and, to some degree, the market itself.
Are the semis right, and the bottom has been reached, or are the industrials right, and there is another leg down to come?
The beaten down semiconductors are building up some serious momentum.
Clearly, the first half of the month shaped up better than the second half.
As Apple preps video and news/magazine services for launch this year, a new report states the company is also thinking about launching a gaming service.
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.
MU has been left for dead by analysts since late summer.
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.
It's centered around a few themed negatives, all forcing their own various uncertainties into free market price discovery.
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...
The long-term demand bolstered by secular shifts in technology are keeping many onboard the ship for semiconductors in the long term.
Though financials and FANG (which are at an important top of the price channels/charts) are great, industrials (DowDuPont , 3M ), autos (a one-day wonder from yesterday), retail (Macy's , Target ), semiconductors (Micron Technology ), transports (Un...
Let's figure out which techs have had enough downside that they can bounce even if they miss the quarter.
Citigroup bats lead-off for the banks, who as a group will bat lead-off for the entire sphere of public equities.
Micron is a perfect example of how the stock market does work.
Market participants are smart enough to know by now that when one must venture across thin ice, one does not linger.
Today they are reversing and it is all about the bold Micron upgrade from BMO Capital.
Even if the Fed halts its trajectory now, the domestic economy would experience the impact of aggressively tighter policy at least into the second half of 2019.
Nike defied logic with its latest results. Perhaps shoes and athletic apparel are the anti-tariff trade.
But even in bear markets you get spikes, usually short sharp ones.
Here are the reasons why, even in this bear market, it's worth owning stocks in a diversified portfolio.
Shares of the Boise-based semiconductor leader fell 7.92% on the day, marking the lowest close in over a year.
Wall Street is reeling in price targets for the semiconductor stock.
We should once again learn from the dramatic drop in share prices of former market darlings.