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Technology Stocks : Cree Inc.
CREE 51.37+0.3%9:44 AM EDT

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From: slacker7118/19/2019 2:38:12 PM
3 Recommendations

Recommended By
Bungalow Bill
Runomoâ„¢
Sam

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Hopefully, the weakness today indicates that expectations are low for tomorrow. 5G appears to be accelerating its roll-out but it is tough to say what impact the Huawei ban will have. I assume that Cree will still be able to sell wafers to Infineon/On for 5G RF products but they will lose out on the possibility of direct sales.

Also, the auto sector has been very weak in China and that could have some impact on near-term demand for SiC power products but the timing of the future ramp of EV sales is the real question.

Regardless of the earnings tomorrow, the analyst meeting in September should be a key catalyst for the stock going forward.

Slacker
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