|Day Low/High||51.88 / 54.27|
|52 Wk Low/High||32.14 / 61.19|
And as the semiconductor sector continues to shine, Brooks Automation is a name to keep in mind.
Also, defense industry names can breathe easier with word of debt ceiling and federal spending deal.
Wow. That was like watching paint dry, huh? You know what's a good thing to do when the volume is slow. Push-ups. Oh, and chewing tobacco helps, too. Just have to get past the fact that it might kill ya. Two of my favorite stocks to own had nice day...
The chip manufacturing giant issued upbeat Q3 sales guidance and forecast this year's capital spending will be at the high end of a prior guidance range.
Let's drill down on the charts and indicators.
All the key equity indexes are up 16% or more this year, as earnings season starts.
Reactions to weak earnings will not necessarily be negative.
The chip manufacturing giant, whose clients include Apple, Nvidia, AMD and Qualcomm, just reported strong June sales and beat its Q2 revenue guidance.
Even if you missed the Advanced Micro Devices trade in May, here's the strategy going forward as earnings are expected next month.
We're seeing a similar story to Micron play out although Samsung seems a few months behind in the cycle.
With roughly two hours until the day's market close, I'm circling back to the poll question I asked Diary readers earlier today. The question was "What are you most concerned about in the near-term?" via a multiple-choice question with the following...
A subset of tech is expensive, as well as tech IPOs, but the majority of sectors are far from overvalued.
Skeptics say nothing was resolved with China deal, but they're wrong -- do they know our stock markets have run wild the first half of the year not despite, but because of the endless pessimism?
Let's check the charts following the G-20 meetings.
Assuming that enough of you are either long NVDA, or at least have an interest in the name, let's take a look under the hood, and make a more determined decision here.
Is this the best of all possible worlds? Is it better than expected?
The G-20 Summit in Japan could hold more intrigue than just the planned meeting between President Trump and Xi.
With lackluster indexes, traders were drawn to wild action in bitcoin.
As chip stocks gain nearly across the board following numbers from Micron that weren't exactly stellar, it's worth remembering how low valuations for many names had gotten.
A number of vocal analysts and investors are calling for caution on those eager to buy the semiconductor stock amidst its Wednesday morning leap.
The big question comes in the form of when inventory will clear and prices for NAND and DRAM will bottom, then turn higher.
The curious thing is the options market is still pricing a big move over the next three weeks.
The trouble for me, as an investor, is that this business remains in decline until it is not in decline.
Micron is motivating more positive outlook on the semiconductor sector's road ahead.
Let's check the charts this morning ahead of the open, imagining strength to the $35.50 area.
"Just one more thing." - Lt. Columbo Though the market's breadth wasn't horrible at 1000 advancers to nearly 2000 decliners on the New York Stock Exchange, the market's leaders were taken to the woodshed today -- in a market that felt far worse than...
We made a successful trade in Micron Technology (short) over the last month. It was based on what I believed to be the market's consensus and a false interpretation of the company's first-quarter earnings. In early April, the company had erroneously...