Good news for chip stocks–well, for some chip stocks
In November global chip sales rose for the first time in more than a year. Global semiconductor revenue added up to $48 billion in November, a 5.3% increase from a year earlier, according to the Semiconductor Industry Association. Sales rose a more moderate 2.9% from...
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...
Fed raises interest rates by 75 basis points and stocks soar–how come?
This afternoon the Federal Reserve raised its benchmark interest rate by 75 basis points to a range of 2.25% to 2.50%. It was the second straight 75 basis don’t increase and the fourth increase in interest rates this year. Stocks soared. The Standard &...
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...
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 Trend of the Week: A Summer Rally for Two Underdog Tech Stocks
My one-hundredth-and-twenty-second YouTube video “Trend of the Week: A Summer Rally for Two Underdog Tech Stocks” went up today. This week’s video looks at the implications of the coming “summer rally” for 2 tech stocks that have been...
Watch my new YouTube video: “QuickPick Qualcomm”
I’m starting up my videos on again–this time using YouTube as a platform. My seventy-first YouTube video “QuickPick Qualcomm” went up today. Please watch and subscribe to my YouTube channel. And like my video. Here’s the...
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...
50 Stocks Portfolio member TSM reports record quarterly revenue on 5G iPhone demand
Today, January 8, Taiwan Semiconductor Manufacturing (TSM), the world’s largest contract chipmaker, reported December sales that translate into record quarterly revenue with estimated sales in the quarter climbing to $12.9 billion (361.5 NT$). (The company...
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...
Slide in the afternoon doesn’t augur well for tomorrow
The NASDAQ Composite was down an already punishing 2.75% at noon in New York. But the damage wasn’t done for the day. The tech-heavy index closed the day down 4.11% And the big techs, the stocks that had driven the rally up and are now pacing the move down, sold...
The U.S.-China trade war looks to move beyond words–and again it involves Huawei Technologies
China is ready to put U.S. technology companies such as Apple, (AAPL), Cisco Systems (CSCO), and Qualcomm (QCOM) on its “unreliable entity list.” That would likely result in investigations and economic restrictions on those U.S. companies, according to the...
Chipmakers begin to cut supplies for China’s Huawei and lead U.S. stocks down today
Call it a secondary effect of the U.S.-China trade war but it’s still clearly taking a bite out of the shares of U.S. chip makers today. Last week the Trump administration added sanctions on China’s Huawei Technologies that would prevent the company from buying U.S....
Why did Apple settle with Qualcomm now? Can you say 5G?
Why did Apple (AAPL) settle a dispute that had dragged on for two years with Qualcomm (QCOM) now? How about because troubles at Intel (INTC) threatened to leave Apple without the 5G modem chips it needed for a new 5G iPhone? And that threatened to put Apple a year or...
Trump administration tees up next tariffs on $200 billion in Chinese goods
The Trump administration has released a new list of $200 billion in Chinese goods that would be subject to higher tariffs as promised in retaliation for Chinese tariffs in retaliation for earlier U.S. tariffs. The new tariffs won’t go into effect until the end...
Qualcomm’s earnings show cash flow under siege; selling out of Dividend Portfolio
The earnings Qualcomm (QCOM) reported yesterday, July 19, were okay. Earnings of 83 cents a share for the June quarter, in fact, beat the Wall Street consensus by two cents a share. Revenue of $5.37 billion was ahead of analyst projections of $5.25 billion, but still...
Time to buy this dividend: Legal attacks push Qualcomm dividend to 3.9%
Here’s the really important pair of numbers that explains what’s happening to Qualcomm (QCOM). From its business of licensing patents for cell phones Qualcomm makes a gross margin of 61%. Apple (AAPL) had a gross margin of 39% in its most recent fiscal...
Skyworks gains big on earnings beat: What does this mean for the rest of the Apple ecosystem?
After the close today, January 19, Skyworks Solutions (SWKS), a supplier of chips for Apple’s (AAPL) iPhone announced that December quarter earnings had beaten analyst estimates by 3 cents a share. The results also beat on revenue. The company guided Wall Street...
Qualcomm’s really, really small chip is a big, big deal
Update January 4, 2017. Qualcomm (QCOM) announced a new Snapdragon chip (Snapdragon 835) at the Consumer Electronics Show in Las Vegas on Tuesday, January 3. The chip will take up about 35% less space than last year’s Snapdragon chip in devices such as...
Oil continues to rally but oil stocks run out of fuel and tech stocks take down S&P
After yesterday’s surprise agreement to cut production from OPEC, oil prices have continued to climb–West Texas Intermediate was up 3.07% to $50.96 as of 3:15 p.m. New York time this afternoon–but oil stocks have stalled with such leaders from...
Where will the next new device, the one after the smartphone, come from? Look inside Apple’s iPhone 7 for the answer
Today, I’m going to tell you why Apple’s (AAPL) iPhone 7 is way ahead in the race to build the next new device, the one that comes after the smartphone as it now exists. I think that leading position means you should add Apple stock to your long-term...
Finally it’s official: Qualcomm to acquire NXP Semiconductors for $110 a share in cash
Qualcomm (QCOM) and NXP Semiconductors (NXPI) have agreed to a deal that would see a subsidiary of Qualcomm acquire NXP for $110 a share in cash. The structure of the deal will allow Qualcomm to use its offshore cash reserves to help fund the deal, which is expected...
Qualcomm acquisition of NXP Semiconductor looks more likely
Both Bloomberg and CNBC are reporting that Qualcomm (QCOM) and NXP Semiconductor (NXPI) have agreed to a acquisition at a price of $110 for each share of NXP Semiconductors. That’s within the range that I flagged in my earlier post “Can Qualcomm steal NXP...
Qualcomm acquisition of NXP Semiconductor looks to be moving ahead
Talks between Qualcomm (QCOM) and NXP Semiconductor (NXPI) are showing significant progress, according to a Bloomberg. Reporting by Bloomberg indicates that Qualcomm is the only company in talks with NXP about an acquisition. That is no rival suitors have emerged so...
Can Qualcomm “steal” NXP Semiconductor?
Update October 3. Thursday the Wall Street Journal reported that Qualcomm (QCOM) was in talks to buy NXP Semiconductor (NXPI) for somewhere around $30 billion or roughly $90 a share. On Friday Bloomberg reported that NXP had hired an investment bank for advice on any...
Looking for a tech stock for earnings season: Think Qualcomm
Update September 20, 2016 Going into the third quarter earnings season, Wall Street analysts had pegged the information technology sector of the Standard & Poor’s 500 as the only sector where estimates for the third quarter had climbed since June 30. That...
Qualcomm: Now that’s a surprise
Update July 21. After the close of the market yesterday, July 20, Qualcomm (QCOM), the biggest maker of chips that run mobile phones, reported net income of 97 cent a share for the quarter that ended on June 26. That beat the 73 cents a share earned in June quarter of...Sell Qualcomm (QCOM)
You’ll pardon me, I hope, if I’m nervous heading into Qualcomm’s (QCOM) earnings announcement for the second quarter of fiscal 2010 on Wednesday, April 21. Last quarter Qualcomm shares dropped 14.3%–or $6.72 a share–on January 28, the day after the company...Technology shares leading this rally so far
Technology stocks look placed to lead the market on both technicals and earnings. After Friday’s sell off, the sector resumed an uptrend on Tuesday January 19 that stretches back to the late November lows. Strong results from Intel (INTC) on Thursday and IBM (IBM)...Jim’s Daily Email Alerts:
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