|Day Low/High||112.32 / 113.87|
|52 Wk Low/High||93.09 / 135.70|
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.
This is a market that thrives on certainty. We got it Friday.
Beijing is intent on reducing its dependence on American hardware, software and chips. But reducing it and eliminating are two very different things.
Cisco blamed its light guidance on macro headwinds. But as its own numbers show, software and security spending is holding up better than hardware spending in this environment.
Caterpillar is a prime example.
Though major chip suppliers shared both good and bad news in October, on the whole the positives outweighed the negatives.
Continued speculative interest in individual stocks and small-caps kept a bid under the market most of the week.
What's been most impressive lately has been the overall improvement in the charts.
Do I want to buy equity here? I have enough exposure to the semis as whole right now.
As bulls gain rope vs. the bears, surprises such as Amazon's earnings fire off, meanwhile indicators continue to give mixed signals.
In the market cap bracket between $5 billion and $100 billion sit some of the most egregiously overvalued, economically inefficient bubble stocks in this peaking market.
A lot of investing is just waiting until the market hates good companies.