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   Technology StocksSemi Equipment Analysis


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To: w0z who wrote (83454)6/12/2019 6:04:41 AM
From: Elroy
   of 84098
 
Yup, but still about 1/6th of the quarter to go.

My hunch is the Q2 price declines are a bit worse than expected, but so far not a disaster.

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From: Elroy6/12/2019 7:32:22 AM
   of 84098
 
Intel down $2 to all time low, Samsung back down $1 .....

OK folks - I'm going to do a little project to try to track NAND pricing.

I've chosen six SSD models. And I've bookmarked the product's sales page on NewEgg.com. Here they are:

Plextor M9Pe AIC 256GB NVMe PCI-Express 3.0 x4 3D NAND Internal Solid State Drive (SSD)

newegg.com

WD Blue 3D NAND 250GB PC SSD - SATA III 6 Gb/s 2.5"/7mm Solid State Drive

newegg.com

Crucial MX500 M.2 2280 1TB SATA III 3D NAND Internal Solid State Drive (SSD)

newegg.com

SAMSUNG 860 EVO Series 2.5" 250GB SATA III 3D NAND Internal Solid State Drive (SSD)
newegg.com

Intel 760p Series M.2 2280 256GB PCI-Express 3.0 x4 3D2 TLC
newegg.com

Corsair Force MP510 M.2 2280 480GB PCI-Express 3.0 x4, NVMe 1.3 3D TLC Internal Solid State Drive (SSD)
newegg.com

---------------------------------

I've grabbed their current price off of NewEgg and stored it in a spreadsheet. As follows

Date Plextor PCIe 3D NAND 256GB WD SATA-3 3D NAND 256GB Crucial SATA-3 3D NAND 1TB Samsung SATA-3 3D NAND 256GB Intel 760p 256GB PCIe 3.0 Corsair Force MP510 400GB Price Change From Last Update?
Plextor WD Crucial Samsung Intel Corsair
6-Sep-18 $110 $68 $192 $76
17-Oct-18 $100 $55 $160 $56 $77
19-Nov-18 $90 $54 $140 $58 $88
13-Dec-18 $90 $53 $119 $53 $82
17-Jan-19 $98 $50 $135 $58 $99 $121
20-Feb-19 $80 $49 $135 $58 $69 $120
15-Mar-19 $65 $50 $135 $61 $72 $120
2-Apr-19 $80 $50 $130 $58 $70 $96
17-Apr-19 $75 $50 $116 $58 $60 $86
25-Apr-19 $73 $50 $130 $57 $55 $87
4-May-19 $73 $50 $130 $57 $52 $87
21-May-19 $73 $50 $120 $58 $52 $77
22-May-19 $73 $50 $120 $58 $50 $77
2-Jun-19 $73 $45 $120 $58 $49 $77
6-Jun-19 $75 $45 $120 $58 $48 $77
12-Jun-19 $75 $45 $120 $57 $46 $77 Samsung down $1, Intel down $2

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From: Sam6/12/2019 11:43:47 AM
1 Recommendation   of 84098
 
Lam Research stock falls after Evercore downgrade
By Emily Bary
Published: June 12, 2019 8:31 a.m. ET

marketwatch.com

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From: Sam6/12/2019 12:35:27 PM
1 Recommendation   of 84098
 
Intel Cut Huawei Dealings But Believes Blacklisting Was Unfair
By Marvie Chorawan-Basilan
Jun 12, 2019 05:19 PM

An Intel executive has spoken up about the Huawei blacklisting that forced many companies to cut ties with the Chinese tech giant. It appears that even if the firm reduced dealings with the Honor maker, it is convinced there should have been a different approach.

Deputy General Counsel and Vice President of Intel's Law and Policy Group, Peter Cleveland, argued that the White House can explore other options towards its concerns about Huawei.

For Cleveland, there is a "positive way and the informative way" to help Huawei abide by the U.S. government's business and security demands. He said a "more constructive approach" was better "rather than a sledgehammer approach that wipes out their business here."

continues at en.businesstimes.cn

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From: Sam6/12/2019 1:33:14 PM
1 Recommendation   of 84098
 
Micron Earnings Will Tumble Because Chip Prices Have Further to Fall, Analyst Says -- Barrons.com
DOW JONES & COMPANY, INC. 1:30 PM ET 6/12/2019

Symbol Last Price Change
32.9 -1.94 (-5.57%)
QUOTES AS OF 01:31:13 PM ET 06/12/2019


The memory chip industry will face more difficult times the rest of the year, according to Evercore ISI, which lowered its earnings estimates for Micron citing weaker industry conditions.

The back story. Micron Technology(MU) stock has been sliding for the past month as hope for a recovery in chip prices has faltered. A few months ago, the stock was up more than 30% for the year.

The chip maker is a leader in the DRAM and NAND memory-semiconductor markets. DRAM stands for dynamic random-access memory, which is used in desktop computers and servers, while NAND is flash memory, found in smartphones and solid-state hard drives.

What's new. Evercore ISI analyst C.J. Muse on Wednesday lowered his earnings estimates for Micron saying the company will be negatively impacted by weaker conditions in the memory industry. He reaffirmed his Outperform rating for the stock.

"We believe that a slower demand recovery coupled with excess inventory is leading to steeper than expected pricing declines through the remainder of the year," he wrote.

Micron stock was down 5.1% to $33.06 on Wednesday. The company did not immediately respond to a request for comment.

The analyst lowered his Micron earnings per share estimates to $2.86 from $3.24 for 2019 and to 67 cents from $2.75 for 2020.

Looking ahead. The analyst reaffirmed his $60 price target for Micron stock due to his confidence in the company's long-term opportunities.

Earlier this month, Barron's suggested there may be more downside for the chip sector due to deteriorating fundamentals.

Write to Tae Kim at tae.kim@barrons.com

[ Wow, this is the lowest estimate for 2020 I've seen. 67 cents. For the year? That seems to be what the article says. Yet the analyst maintains a $60 price target. smh ]

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To: Return to Sender who wrote (83447)6/12/2019 5:01:03 PM
From: Return to Sender
1 Recommendation   of 84098
 
BPNDX unchanged at 60

60
Wed
Jun 12

Symbol
AAPL
ADI
ADP
AMAT
AMD
AMZN
BKNG
BMRN
CELG
CERN
CHKP
CHTR
CMCSA
COST
CSCO
CSX
CTAS
CTSH
DLTR
EA
EBAY
FAST
FISV
HAS
HSIC
IDXX
ILMN
INTU
ISRG
LBTYA
LRCX
MAR
MCHP
MDLZ
MELI
MNST
MSFT
MXIM
NFLX
NTAP
NXPI
ORLY
PAYX
PCAR
PEP
PYPL
ROST
SBUX
SIRI
SNPS
SWKS
TMUS
TSLA
TTWO
VRSK
VRSN
VRTX
WLTW
XLNX
XRAY

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To: Return to Sender who wrote (83448)6/12/2019 5:18:44 PM
From: Return to Sender
2 Recommendations   of 84098
 
BPSOX unchanged at 15

15
Wed
June 12

Symbol
ADI
AMAT
AMD
CY
LRCX
MCHP
MKSI
MLNX
MRVL
MXIM
SLAB
SWKS
TER
TSM
XLNX

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To: Return to Sender who wrote (83461)6/12/2019 5:22:21 PM
From: Return to Sender
2 Recommendations   of 84098
 
4 New 52 Week Highs on the NDX - No New 52 Week Lows for Wednesday June 12, 2019

New Highs
HSIC
MDLZ
SBUX
XRAY

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To: Return to Sender who wrote (83462)6/12/2019 6:04:51 PM
From: Return to Sender
   of 84098
 

Stock market dips lower, weighed down by energy and financial stocks
12-Jun-19 16:20 ET
Dow -43.68 at 26004.83, Nasdaq -29.85 at 7792.70, S&P -5.88 at 2879.84

briefing.com

[BRIEFING.COM] The S&P 500 declined 0.2% on Wednesday in a lackluster session that saw little buying conviction from investors. Shares of energy and financial companies contributed to the lower finish, while defensive-oriented sectors helped limit losses.

The Dow Jones Industrial Average lost 0.2%, and the Nasdaq Composite lost 0.4%. The Russell 2000 (+0.04%) finished just above its flat line.

High expectations for the Fed to signal for a rate cut in its policy meeting next week were bolstered by soft inflation data in the Consumer Price Index (CPI) for May. Total CPI increased 0.1% as expected. The market also remained hopeful for a Trump-Xi meeting at the G-20 summit at the end of the month, although reports indicated there have been little preparations for a meeting.

These positive considerations continued to tame any serious selling interest and helped foster gains in six of the 11 S&P 500 sectors.

There was a bit of a defensive tilt to the session, though, evident by the increased demand for U.S. Treasuries and the outperformance of the defensive-oriented sectors. The S&P 500 utilities (+1.3%), health care (+0.5%), and real estate (+0.3%) sectors were among the day's best performers.

The S&P 500 energy sector (-1.4%) was Wednesday's worst-performing group, falling on the back of oil prices ($51.16, -$2.18, -4.1%) amid bearish inventory data. The financials sector (-1.0%) was undercut by lower Treasury yields and by shares of Wells Fargo (WFC 44.91, -1.35, -2.9%) after it warned net interest income for 2019 will be at the low end of prior guidance.

The 2-yr yield declined four basis points to 1.89%, and the 10-yr yield declined one basis point to 2.13%. The U.S. Dollar Index advanced 0.3% to 97.01.

The semiconductor space, meanwhile, was pressured by some negative commentary out of Evercore ISI. The firm expects weakness in the memory chip business to continue into year's end, pushing back a recovery to the second half of 2020. The Philadelphia Semiconductor Index lost 2.3%.

Separately, shares of Facebook (FB 175.04, -3.06, -1.7%) were hit by more scrutiny of the company's privacy practices. The Wall Street Journal indicated sources that said Facebook uncovered emails suggesting CEO Mark Zuckerberg wasn't prioritizing privacy or complying with the FTC consent decree. Facebook denied any intentional wrongdoing from Mr. Zuckerberg.

Reviewing Wednesday's economic data, which included the Consumer Price Index for May, the weekly MBA Mortgage Applications Index, and the Treasury Budget for May:

  • Total CPI increased 0.1%, as expected, and so did core CPI, which excludes food and energy prices (Briefing.com consensus +0.2%). The monthly changes left the yr/yr readings at 1.8% and 2.0%, respectively, versus 2.0% and 2.1% for the 12 months ending in April.
    • The key takeaway from the report is that consumer inflation pressures remain muted, which in turn is going to reinforce the market's inflated expectations for the Fed to cut the target range for the fed funds rate sooner rather than later.
  • The weekly MBA Mortgage Applications Index soared 26.8% amid a drop in mortgage rates.
  • The Treasury Budget for may showed a deficit of $207.8 billion versus a deficit of $146.8 billion for the same period one year ago. The Treasury Budget is not seasonally adjusted, so the May deficit cannot be compared to the $160.3 billion surplus for April.
    • The fiscal year-to-date deficit is $738.6 billion versus a deficit of $532.2 billion for the same period ago. The budget deficit over the last 12 months is $985.4 billion, versus $924.4 billion for the 12 months ending in April.
Looking ahead, investors will receive the weekly Initial and Continuing Claims report and Export and Import Prices for May on Thursday.

  • Nasdaq Composite +17.4% YTD
  • S&P 500 +14.8% YTD
  • Russell 2000 +12.7% YTD
  • Dow Jones Industrial Average +11.5% YTD

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To: Return to Sender who wrote (83463)6/12/2019 6:14:59 PM
From: robert b furman
1 Recommendation   of 84098
 
Russell 2000 showed positive strength when all other indices were down.

Not conclusive, but a necessary ingredient for a third wave / ELLIOTT WAVE PRINCIPLE FROST AND PRECHTER

Bob

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