Another chip maker–this time is Micron–warns and chip stock take a hit
First, it was Nvidia (NVDA) cutting its guidance for revenue and earnings due on August 24. Today, August 9, it was Micron Technology (MU) warning that its revenue for the fourth-quarter revenue may come in at or below the bottom end of a forecast range provided in...
What to sell in a Bear Market rally–and two sells for Monday, Omnicom and Alcoa
I ended my recent post “This looks like the Bear Market rally I’ve been waiting for” on my subscription JubakAM.com site by saying “Enjoy the ride but look to sell shares of companies that look most exposed to the return of recession/high...
Rally or rotation? I vote for rotation
In the last week Technology stocks, and chip stocks in particular, have staged a very impressive rally off of a really low base. Nvidia (NVDA), for example, is up 17.43% in the week that ended on July 21. That still leaves the stock down 39.43% for the year. Advanced...
Chips bills moves closer to passing; and the winners are…
The Chips for America Act looks headed to a cloture vote in the Senate on Thursday. As the $52 billion bill now stands, it includes $39 billion for semiconductor companies to “build, expand, or modernize domestic facilities.” This funding is targeted at new...
Today chip stocks climbed on prospect for Senate vote on $50 billion subsidy bill
The bill, known as the Chips for America Act, is a pared-down version of a broader set of competition measures and would authorize $52 billion in grants and loans for chip manufacturers, as well as a new, four-year 25% investment tax credit for chip making. Senate...
This is the kind of bear market rally that tries portfolio discipline
On Tuesday, Snap (SNAP) fell 43.08% as the company lowered guidance for the remainder of 2022. On Thursday, the shares were just 4.59%. At today’s close of $14.81 they’re still trading well below the 50-day moving average of $29.86. Should you chase them...
Watch Nvidia’s earnings report Wednesday for an indicator of odds of a summer rally
The most important indicator of market direction and sentiment this week will be Nvidia’s (NVDA) earnings report for the quarter that ended in April on Wednesday, May 25. Wall Street analysts and expect earnings of $1.09 a share. (That’s the consensus. The...
Today it looks more like a bear market rally
In my weekend Saturday Night Quarterback on my subscription JubakAM.com site I said that this week would, probably, answer the question of whether Friday’s big bounce was just a bounce, the start of a buy on the dip rally, or even a bear market rally with a bit...
Two up days for chip stocks–did they just get too cheap?
Here’s what caught my eye yesterday, April 18. For a big change from recent losses, the chip group of stocks was all in the green. And not just by a pinch either. Yesterday Nvidia (NVDA) was up 2.47%: NXP Semiconductors (NXPI) was up 1.91%; Synaptics (SYNA) was...
Please watch my new YouTube video : Steady vs. hot hands
I’m starting up my videos again–this time using YouTube as a platform. My one-hundredth-and second YouTube video “Strong vs. hot hands” went up today. Hello there! Today I’m looking at a few stocks that exemplify what most experienced...
Nvidia beats on earnings and revenue after the close–stock trades flat after pre-earnings run
After the close today, Nvidia (NVDA) reported fourth quarter earnings of $1.32 a share (versus analyst projections of $1.22) and revenue of $7.6 billion (versus expectations for $7.42 billion). As of 4:45 the stock has trading down $1.09 in the after-hours market. In...
There looks to be enough fuel for the Santa Claus rally
Judging from the close of Monday’s trading session, there looks to be enough fuel for a Santa Claus rally to end 2021. The Standard & Poor’s 500 closed up 1.38% and the Dow Jones Industrial Average gained 0.98%. The NASDAQ Composite was ahead by 1.39%...
Apple, Amazon, Alphabet,Adobe, Applied Materials and other big techs rally hard–rest of stocks not so much
Today, Monday November 29, it’s a tale of two bounces from Friday’s big sell off. Technology stocks and especially big technology stocks are up big. At the close in New York Applied Materials was up 5.53%. Adobe (ADBE) was ahead 3.83%. Nvidia (NVDA) was...Forward into the past with tech stocks: We’ve seen this market before
On November 15 in my post on what’s priced in and what’s not, I noted that an upsurge in Covid infections this winter wasn’t priced in. And that evidence of a new wave from Europe where infection rates have headed higher in what might be a preview...
Nvidia beats: Does this set the stage for the next leg up in stocks?
On Saturday I posted–on my subscription JubakAM.Com site, that Nvidia’s (NVDA) earnings report on November 17–that is today–and the market reaction to the company’s quarterly earnings report would tell us a lot about market sentiment and...
Buy-the-dippers are showing a little fatigue
After Monday’s selling, the Standard & Poor’s 500 was down 5.2% from its September 2 high. And as has been usual lately that drop brought the buy-the-dip investors and traders out in force today, Tuesday, October 5 At the close the Standard &...
Nvidia finally trades at post-split price and gains 4.29% today
Nvidia (NVDA) finally began trading at a price adjusted for the stock’s announced 4 for 1 split. At the close the shares traded at $194.10, a gain of $7.98 a share (or a pre-split $31.92 gain), up 4.29% on the day. The solid move higher bodes well for...
Stocks extend growth fears, selling today–how far does this go?
Today, Monday, July 19, stocks accelerated their retreat from the end of last week on fears that a fourth wave of the pandemic, fueled by the Delta variant, will crush hopes that the economy is headed back to normal. As of the close New York the Standard &...
Taiwan Semiconductor earnings on Thursday upended chip stocks–here’s why
On Thursday, July 15, Taiwan Semiconductor Manufacturing (TSM), the world’s leading chip foundry, reported earnings of 93 cents a share for the second quarter, up 18% year over year. That was inline with analyst estimates. Sales rose 28%. The company raised its...
Friday’s move in tech signals that’s where you want to be for a second quarter earnings blowout
Friday’s market action argues that investors and traders are looking to buy shares of Apple, Amazon, Microsoft–you know the usual suspects–ahead of what looks like a blowout earnings season that will start on July 13 when JPMorgan Chase (JPM) reports...
Buying AMD shares and options tomorrow as my play on a second quarter earnings season surprise
Yesterday in my video “3 Picks for an Earnings Blowout” I argued the case that even the 61% second quarter year to year jump in earnings in the Wall Street analyst consensus was unerstated. For example, I noted that the current estimate of $44.91 a share...
Today brings the selling that many expected after Wednesday’s Fed meeting
Yesterday, growth stocks climbed in the face of signals from the Federal Reserve on Wednesday that interest rates increase were coming sooner–as soon as the end of 2022–than expected. That seemed puzzling. May be, one line of thought (mine) had it,...
The Standard & Poor’s 500 is basically flat with a loss of just 0.04% as of the close today. If you want ACTION!!! you have to look elsewhere: To the NASDAQ Composite, which was up 0.87% at the close and to the small cap Russell 2000, which was down 1.18%...
Splits still work? Nvidia gains 4.1% on news of 4 for 1 split
Nvidia’s (NVDA) board has declared a 4 for 1 stock split effective after the close on July 19. Assuming that share holders approve at the company’s June 3 annual meeting. (Gee, you think shareholders would vote against a split?) The stock is up 4.1% today,...
Nvidia jumps 5.62% today on upgrade to revenue forecast and news of its first microprocessor for servers
Nvidia (NVDA) announced its first microprocessor for the server market today, April 12. Right now Intel (INTC) owns around 90% of the market for server processors, where its chip works in tandem with a graphics chip from Nvidia to handle highly complex computing jobs...
The rotation gets extreme–Dow hits record intraday high while NASDAQ Composite falls into a correction
Two indexes will tell you what you need to know about today’s stock market action. The Dow Jones Industrial Average, driven by cyclicals, vaccine recovery stocks, and consumer stocks rose to an intraday record high. After a slight retreat at the end of the...
Everything is down this morning! I’m nibbling at these stocks
Yesterday tech tumbled but utilities, commodities like copper and even gold, and many “vaccine recovery” plays gained. Today almost everything is down. Which to me is a sign that this now 6-day downturn is getting closer to an end. Right now, as of 1:30...
Watch my YouTube video, please, on what Apple and Microsoft’s moves on Intel mean for tech stocks
I’m starting up my videos again–this time using YouTube as a platform. The third YouTube video on What Apple and Microsoft’s moves on Intel mean for technology stocks went up today. Please watch and subscribe to my YouTube channel. And like my video. (Note that for...
Buying Nvidia today for my long-term 50 Stocks Portfolio
On October 15 I noted that the hike in revenue guidance from Taiwan Semiconductor Manufacturing (TSM) on huge demand for its chips in AI and gaming (among other sectors) was good news for gaming, AI, and data center leader Nvidia (NVDA.) And I hinted at buying shares...Jim’s Daily Email Alerts:
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