|Day Low/High||130.50 / 137.88|
|52 Wk Low/High||67.79 / 128.77|
Are the semis right, and the bottom has been reached, or are the industrials right, and there is another leg down to come?
Buckle up after Super Sunday.
The beaten down semiconductors are building up some serious momentum.
The long-term demand bolstered by secular shifts in technology are keeping many onboard the ship for semiconductors in the long term.
Micron is a perfect example of how the stock market does work.
Has the sun set on what was the greatest wealth creator of any company when the stock traded north of a trillion dollars? No.
Today they are reversing and it is all about the bold Micron upgrade from BMO Capital.
Apple has fallen back to Earth in recent months and made an impact on a number of companies in doing so.
These names are showing both technical and quantitative deterioration.
Let's go over the stakes here because they are high and huge and were integral to today's selloff.
Who's likely to win and who's likely to lose on Monday.
How hated do stocks have to be before they are too hated?
Let's look at the charts of SWKS.
I think we have to change the storyline here.
Here are 6 points showing China's growing economic weakness on this trade war. Stay away from China-exposed stocks, for now.
What would make this market bottom? I have 5 things that must occur before we do.
Skyworks' warning last night will place pressure on Apple and its suppliers - casting a pall over the tech space and the broader market.
The notion that business fixed investment has moderated only recently undersells what's really going on here.
Consumer Discretionary stocks were the hottest on Wednesday, though all eleven sectors easily finished in the green.
iPhone trends, Services growth and China commentary are among the things to keep an eye on as Apple's latest earnings report arrives.
The shares have made sharp price swings in recent months, and there are no technical reasons to go long right now.
Earnings have been strong, and analysts will soon start to concentrate more on actual weakness than shadow-boxing weakness.
We'll see how shares shake out into earnings, but this will likely be my earnings day approach.
Cloud stocks, unlike most of tech, are less exposed to Chinese revenue and tariffs.
The market got crushed on Wednesday because of President Trump's decision to review tariffs on $200 billion more of Chinese exports.
Here's my updated trading strategy on the semiconductor name.
It is going to be a rough day, but we can adapt, and win.
It's not too hard to find chip stocks trading at low multiples right now. Here are three for which the risk-reward looks favorable.
I can't stress how important the ZTE news is for the group.