|Day Low/High||149.69 / 152.24|
|52 Wk Low/High||93.09 / 155.88|
This is what's known as a positioning week, and starting Monday you're going to hear a ton of things.
While valuations are clearly very high for many tech names, investor euphoria might not go away until news flow meaningfully worsens.
The GPU giant could see value in ARM's large mobile footprint and budding server CPU efforts. But a deal would also present some challenges.
As TXN trades lower on Wednesday following its earnings report, let's see what the charts and indicators say.
The analog chip giant topped estimates and issued above-consensus guidance. But it also cautioned that macro pressures might take a while to go away.
Monday's rally might have been ugly, except that this is 2020. Anything goes in 2020.
Should COVID-19 significantly depress economic activity in the second half of 2020, companies seeing only moderate top-line pressures right now could see their sales drop more sharply.
A long list of tech companies have taken advantage of favorable credit and/or equity markets in recent weeks.
Qualcomm is pleased with how Chinese 5G phone sales are trending, while TI is cautious about how customer orders might trend in the near-term.
Two major Chinese carriers have reported strong 5G subscriber growth this week. That could be a silver lining for mobile chip suppliers during a tough time.
We need to see clear signs of aggressive buying of the chipmaker's shares before recommending the long side in the stock.
While rival STMicro issued a full-year outlook that got a thumbs-up from investors, TI frequently noted that demand visibility is quite low right now.
We have not seen intraday action this narrow since the market correction began in February, and here's what that means.
Brains per share. Hearts Per Share. I've been around long enough to be that positive. I like these companies and more importantly, I like their stocks.
Reactions to reports have been more puzzlement than anything else, as there is still too much uncertainty about what lies ahead and little reason to rush in and buy.
Beyond energy markets and the potential for ancillary fall-out, the S&P 500, and this may be more important from a technical viewpoint, failed to hold that 50 day SMA.
In spite of the market's epic plunge, a lot of well-known tech names are still comfortably above their 52-week lows.
The rival chipmakers each indicated that the inventory corrections that weighed heavily on 2019 sales are now largely over.
It may not be too late to take part in the positive market action on semiconductor stocks, but be cautious. Here is how things stand.
The China coronavirus, extended technical conditions and a 'sell the news' reaction to earnings are giving the bears ammunition.
Boeing's new estimate for the FAA's signing off on returning the 737 MAX to commercial skies has been pushed out until summer, June or July? Is that really that bad? Perhaps... this is a positive.
TXN's earnings numbers set to be released this week and the charts look favorable.
Almost 200 companies are slated to report quarterly results, including 43 S&P 500 constituents.
Chip suppliers and others are benefiting as smartphone camera counts rise and camera penetration rates grow in other markets.
While chip stocks are now pricing in a lot of optimism, the latest headlines aren't exactly giving bulls cold feet.