| To: Return to Sender who wrote (83470) | 6/16/2019 9:47:07 PM | | From: Return to Sender | | | | BPNDX remains 61 with changes - [MCHP NXPI removed GILD REGN added]
61
Fri
Jun 14
| Symbol | Symbol | | AAPL | AAPL | | ADI | ADI | | ADP | ADP | | AMAT | AMAT | | AMD | AMD | | AMZN | AMZN | | BKNG | BKNG | | BMRN | BMRN | | CELG | CELG | | CERN | CERN | | CHKP | CHKP | | CHTR | CHTR | | CMCSA | CMCSA | | COST | COST | | CSCO | CSCO | | CSX | CSX | | CTAS | CTAS | | CTSH | CTSH | | DLTR | DLTR | | EA | EA | | EBAY | EBAY | | FAST | FAST | | FISV | FISV | | HAS | GILD | | HSIC | HAS | | IDXX | HSIC | | ILMN | IDXX | | INTU | ILMN | | ISRG | INTU | | LBTYA | ISRG | | LRCX | LBTYA | | LULU | LRCX | | MAR | LULU | | MCHP | MAR | | MDLZ | MDLZ | | MELI | MELI | | MNST | MNST | | MSFT | MSFT | | MXIM | MXIM | | NFLX | NFLX | | NTAP | NTAP | | NXPI | ORLY | | ORLY | PAYX | | PAYX | PCAR | | PCAR | PEP | | PEP | PYPL | | PYPL | REGN | | ROST | ROST | | SBUX | SBUX | | SIRI | SIRI | | SNPS | SNPS | | SWKS | SWKS | | TMUS | TMUS | | TSLA | TSLA | | TTWO | TTWO | | VRSK | VRSK | | VRSN | VRSN | | VRTX | VRTX | | WLTW | WLTW | | XLNX | XLNX | | XRAY | XRAY | |
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| To: Return to Sender who wrote (83482) | 6/16/2019 10:03:54 PM | | From: Return to Sender | | | | Wall Street weighed down by Broadcom revenue warning
14-Jun-19 16:15 ET
Dow -17.16 at 26089.61, Nasdaq -40.47 at 7796.64, S&P -4.66 at 2886.98
briefing.com
[BRIEFING.COM] The S&P 500 declined 0.2% on Friday, pulled lower by weakness in the semiconductor space after Broadcom (AVGO 265.93, -15.68, -5.6%) warned of a slowdown in demand. For the week, the benchmark index finished higher by 0.5%.
The Dow Jones Industrial Average (-0.1%), the Nasdaq Composite (-0.5%), and the Russell 2000 (-0.9%) finished with weekly gains of 0.4%, 0.7%, and 0.5%, respectively.
Broadcom cited U.S.-China trade uncertainty and export restrictions on Huawei Technologies for the disappointing outlook. In addition, Broadcom missed revenue estimates and lowered its FY19 revenue guidance below consensus. The Philadelphia Semiconductor Index lost 2.6% and many of its components dragged on the S&P 500 information technology sector (-0.8%).
Global growth worries lingered after China reporting the slowest growth rate for industrial production in 17 years in May, which contributed to the underperformance in the S&P 500 energy (-0.7%), materials (-0.5%), and industrials (-0.4%) sectors.
Still, investors were placated with economic data that showed the U.S. economy is still in relatively decent footing. Retail sales for May increased 0.5% (Briefing.com consensus 0.7%) after increasing an upwardly revised 0.3% (from -0.2%) in April. Industrial production increased 0.4% in May (Briefing.com consensus 0.2%) after declining 0.4% in April.
Stocks also recouped a good chunk of their losses in late afternoon action as the S&P 500 briefly climbed into positive territory. The comeback effort was led by the utilities (+1.0%), communication services (+0.4%), and real estate (+0.3%) sectors. Facebook (FB 181.33, +3.86) was a notable standout, rising 2.2% after RBC Capital Markets provided some positive analysis on Facebook's cryptocurrency plans.
U.S. Treasuries finished mixed. The 2-yr yield increased two basis points to 1.84%, and the 10-yr yield finished unchanged at 2.09%. The U.S. Dollar Index rose 0.6% to 97.57 to reclaim its 50-day moving average (97.46). WTI crude increased 0.3% to $52.54/bbl.
Reviewing Friday's economic data:
- Total retail sales increased 0.5% in May (Briefing.com consensus 0.7%) after increasing an upwardly revised 0.3% (from -0.2%) in April. Excluding autos, retail sales were also up 0.5% in May (Briefing.com consensus 0.4%) after increasing an upwardly revised 0.5% (from 0.1%) in April.
- The key takeaway from the report is that the May reading was combined with an upward revision to figures for April, which largely made up for the May shortfall to headline expectations.
- Industrial production increased 0.4% in May (Briefing.com consensus 0.2%) following an upwardly revised 0.4% decrease (from -0.5%) in April. Total capacity utilization increased to 78.1% (Briefing.com consensus 78.0%) from an unrevised 77.9% in April.
- The key takeaway from the report is that industrial production continues holding up better in the United States than in other major economies.
- The preliminary June reading for the University of Michigan Index of Consumer Sentiment decreased to 97.9 (Briefing.com consensus 98.1) from May's final reading of 100.0.
- The key takeaway from the report is that the headline pullback was owed to concern about tariffs on imports from China, which reduced the Index of Consumer Expectations.
- Business inventories increased 0.5% in April (Briefing.com consensus 0.4%) following an unrevised flat reading for March. Business sales decreased 0.2% after growing 1.3% in March.
- The key takeaway from the report is that the gap between inventory growth on a yr/yr basis (+5.3%) and sales growth (+2.8%) has widened, which should keep prices in check.
Looking ahead, investors will receive the Empire State Manufacturing Survey for June, the NAHB Housing Market Index for June, and Net Long-Term TIC Flows for April on Monday.
- Nasdaq Composite +17.5% YTD
- S&P 500 +15.2% YTD
- Russell 2000 +12.9% YTD
- Dow Jones Industrial Average +11.8% YTD
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| From: w0z | 6/17/2019 5:50:16 AM | | | | | | U.S. chipmakers quietly lobby to ease Huawei ban: sources
 Technology10 hours ago (Jun 16, 2019 07:10PM ET)
 © Reuters. FILE PHOTO: A Huawei company logo is seen at a shopping mall in Shanghai
By Stephen Nellis and Alexandra Alper
SAN FRANCISCO/WASHINGTON (Reuters) - Huawei's American chip suppliers, including Qualcomm (NASDAQ: QCOM) and Intel (NASDAQ: INTC), are quietly pressing the U.S. government to ease its ban on sales to the Chinese tech giant, even as Huawei itself avoids typical government lobbying, people familiar with the situation said.
Executives from top U.S. chipmakers Intel and Xilinx Inc (NASDAQ: XLNX) attended a meeting in late May with the Commerce Department to discuss a response to Huawei's placement on the black list, one person said.
The ban bars U.S. suppliers from selling to Huawei, the world's largest telecommunications equipment company, without special approval, because of what the government said were national security issues.
Qualcomm has also pressed the Commerce Department over the issue, four people said.
Chip makers argue that Huawei units selling products such as smartphones and computer servers use commonly available parts and are unlikely to present the same security concerns as the Chinese technology firm's 5G networking gear, according to three people.
"This isn't about helping Huawei. It's about preventing harm to American companies," one of the people said.
Out of $70 billion that Huawei spent buying components in 2018, some $11 billion went to U.S. firms including Qualcomm, Intel and Micron Technology Inc (NASDAQ: MU).
Qualcomm, for example, wants to be able to continue shipping chips to Huawei for common devices like phones and smart watches, a person familiar with the company's situation said.
The Semiconductor Industry Association (SIA), a trade group, acknowledged it arranged consultations with the U.S. government on behalf of the companies to help them comply and brief officials on the impact of the ban on the companies.
"For technologies that do not relate to national security, it seems they shouldn't fall within the scope of the order. And we have conveyed this perspective to government," said Jimmy Goodrich, vice president of global policy at SIA.
The ban came soon after the breakdown of talks to end the months-long trade spat between China and the United States, spurred by U.S. allegations of Chinese corporate espionage, intellectual property theft and forced technology transfer.
Google, which sells hardware, software and technical services to Huawei, has also advocated so it can keep selling to the company, Huawei Chairman Liang Hua told reporters in China earlier this month.
The online search company, a unit of Alphabet (NASDAQ: GOOGL) Inc, said in a statement that it works with Commerce to ensure it is in compliance with the new rules.
A Commerce Department representative said the agency "routinely responds to inquiries from companies regarding the scope of regulatory requirements," adding that the conversations do not "influence law enforcement actions."
Intel, Xilinx and Qualcomm declined to comment. Huawei did not respond to a request for comment.
In an interview in Mexico, Andrew Williamson, vice president of Huawei's public affairs, said the company had not asked anyone specifically to lobby on its behalf.
"They're doing it by their own desire because, for many of them, Huawei is one of their major customers," he said, adding that chipmakers knew that cutting Huawei off could have "catastrophic" consequences for them.
China watchers say U.S. suppliers are essentially trying to thread the needle - not wanting to be seen as aiding an alleged spy, thief and sanctions violator, but fearful of losing a good client and encouraging it to develop supplies elsewhere.
NO ONE LISTENING
Huawei itself, which is also a top smartphone maker, has done very little traditional lobbying in Washington on the matter, but has considered sending a letter to the Commerce Department, two people familiar with Huawei's thinking said.
"We simply have no channel of communication," Liang told reporters earlier this month.
A month after being blacklisted, Huawei has not spoken to the United States government about the matter, two people said.
Huawei had been cutting back its lobbying efforts even before the ban. Last year, it laid off five employees at its Washington office, including its vice president of external affairs, and slashed lobbying expenditures, Reuters reported.
Still, Huawei has put up a vigorous legal fight and unleashed a public relations campaign to defend itself against the U.S. government's allegations. It ran a full-page ad in major U.S. newspapers in February following a string of interviews with Huawei Chief Executive Ren Zhengfei aimed at softening its dark image in the West.
Huawei's response underscores its recognition of its waning influence with the Trump administration, which has launched a global campaign against the company, analysts said.
"Huawei is at a loss over what they should do next," said Jim Lewis, a cyber expert with Washington's Center for Strategic and International Studies. "It is in a really bad position in the U.S. Nobody is looking out to do Huawei a favor."
Even so, the ban has had real repercussions.
Broadcom (NASDAQ: AVGO), which has not been lobbying the Commerce Department, sent a shockwave through the global chipmaking industry when it forecast that the U.S.-China trade tensions and the Huawei ban would knock $2 billion off its sales this year.
The Commerce Department did make a concession just days after the ban was put in place, announcing on May 20 that it would offer a temporary general license allowing Huawei to purchase U.S. goods so it can help existing customers maintain the reliability of networks and equipment. |
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| To: Return to Sender who wrote (83480) | 6/17/2019 4:25:55 PM | | From: Return to Sender | | | | BPNDX rises 1 to 62 - [ULTA added]
62
Mon
June 17
| Symbol | Symbol | | AAPL | AAPL | | ADI | ADI | | ADP | ADP | | AMAT | AMAT | | AMD | AMD | | AMZN | AMGN | | BKNG | AMZN | | BMRN | BMRN | | CELG | CELG | | CERN | CERN | | CHKP | CHKP | | CHTR | CHTR | | CMCSA | CMCSA | | COST | COST | | CSCO | CSCO | | CSX | CSX | | CTAS | CTAS | | CTSH | CTSH | | DLTR | DLTR | | EA | EA | | EBAY | EBAY | | FAST | FAST | | FISV | FISV | | GILD | GILD | | HAS | HAS | | HSIC | HSIC | | IDXX | IDXX | | ILMN | ILMN | | INTU | INTU | | ISRG | ISRG | | LBTYA | LBTYA | | LRCX | LRCX | | LULU | LULU | | MAR | MAR | | MDLZ | MDLZ | | MELI | MELI | | MNST | MNST | | MSFT | MSFT | | MXIM | MXIM | | NFLX | NFLX | | NTAP | NTAP | | ORLY | ORLY | | PAYX | PAYX | | PCAR | PCAR | | PEP | PEP | | PYPL | PYPL | | REGN | REGN | | ROST | ROST | | SBUX | SBUX | | SIRI | SIRI | | SNPS | SNPS | | SWKS | SWKS | | TMUS | TMUS | | TSLA | TSLA | | TTWO | TTWO | | VRSK | ULTA | | VRSN | VRSK | | VRTX | VRSN | | WLTW | VRTX | | XLNX | WLTW | | XRAY | XLNX |
| XRAY | |
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| To: Return to Sender who wrote (83487) | 6/17/2019 4:38:25 PM | | From: Return to Sender | | | | Wall Street begins the week slightly higher ahead of Fed meeting
17-Jun-19 16:15 ET
Dow +22.92 at 26112.53, Nasdaq +48.37 at 7845.01, S&P +2.69 at 2889.67
briefing.com
[BRIEFING.COM] The stock market increased modestly on Monday, finding support in the technology stocks while market participants eyed a key policy decision from the Federal Reserve later this week. The S&P 500 eked out a gain of 0.1%, finishing near its session lows.
The Dow Jones Industrial Average increased 0.1%, the Nasdaq Composite increased 0.6%, and the Russell 2000 increased 0.7%.
The Federal Open Market Committee will release its rate decision at the conclusion of its two-day policy meeting on Wednesday. While no rate cut is expected, expectations are high for the Fed to signal it is willing to lower rates sooner rather than later.
These high hopes lifted the S&P 500, Dow, and Nasdaq to monthly gains of at least 5.0%, including Monday's advance. With decent gains already registered ahead of the meeting, and still no progress on the U.S.-China trade front, investors showed little conviction in buying the broader market.
The S&P 500 sectors finished mixed. The S&P 500 communication services sector (+1.1%) outperformed on the back of Facebook (FB 189.01, +7.68, +4.2%) and Netflix (NFLX 350.62, +10.89, +3.2%). The real estate (+1.1%) and energy (+0.9%) sectors also outperformed, while the financials (-0.9%) and materials (-0.9%) sectors dragged on the broader market.
Facebook continued to outperform ahead of the release of its cryptocurrency white paper tomorrow. Many analysts have speculated that its cryptocurrency project will provide new growth opportunities. Netflix benefited from comments out of Piper Jaffray, which expects the company to provide solid Q2 results next month.
In M&A news, Array Biopharma (ARRY 46.44, +16.85, +56.9%) and Sotheby's (BID 56.13, +20.74, +58.6%) agreed to be acquired for hefty premiums of over 60%. Array Biopharma will be acquired by Pfizer (PFE 42.88, +0.12, +0.3%) for approximately $11.4 billion, or $48 per share, in cash. Sotheby's will be acquired by private investor Patrick Drahi for $3.7 billion, or $57 per share, in cash.
U.S. Treasuries finished little changed. The 2-yr yield increased one basis point to 1.85%, and the 10-yr yield decreased one basis point to 2.09%. The U.S. Dollar Index was unchanged at 97.57. WTI crude fell 1.5% to $51.76/bbl.
Reviewing Monday's economic data, which included the Empire State Manufacturing Survey for June and the NAHB Housing Market Index for June:
- The Empire State Manufacturing Survey for June fell to -8.6 from the prior month's reading of 17.8. The 26 point drop was the largest monthly decline on record, sending it comfortably below 0.0, which is the dividing line between expansion and contraction for this report.
- The NAHB Housing Market Index for June came in at 64 (Briefing.com consensus 66), down from 66 from May.
Looking ahead, investors will receive Housing Start and Building Permits for May on Tuesday.
- Nasdaq Composite +18.2% YTD
- S&P 500 +15.3% YTD
- Russell 2000 +13.6% YTD
- Dow Jones Industrial Average +11.9% YTD
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| To: Return to Sender who wrote (83485) | 6/18/2019 4:04:57 PM | | From: Return to Sender | | | | BPNDX rises 4 to 66 - [FB GOOGL INCY NVDA added]
66
Tues
Jun 18
| Symbol | Symbol | | AAPL | AAPL | | ADI | ADI | | ADP | ADP | | AMAT | AMAT | | AMD | AMD | | AMGN | AMGN | | AMZN | AMZN | | BMRN | BMRN | | CELG | CELG | | CERN | CERN | | CHKP | CHKP | | CHTR | CHTR | | CMCSA | CMCSA | | COST | COST | | CSCO | CSCO | | CSX | CSX | | CTAS | CTAS | | CTSH | CTSH | | DLTR | DLTR | | EA | EA | | EBAY | EBAY | | FAST | FAST | | FISV | FB | | GILD | FISV | | HAS | GILD | | HSIC | GOOGL | | IDXX | HAS | | ILMN | HSIC | | INTU | IDXX | | ISRG | ILMN | | LBTYA | INCY | | LRCX | INTU | | LULU | ISRG | | MAR | LBTYA | | MDLZ | LRCX | | MELI | LULU | | MNST | MAR | | MSFT | MDLZ | | MXIM | MELI | | NFLX | MNST | | NTAP | MSFT | | ORLY | MXIM | | PAYX | NFLX | | PCAR | NTAP | | PEP | NVDA | | PYPL | ORLY | | REGN | PAYX | | ROST | PCAR | | SBUX | PEP | | SIRI | PYPL | | SNPS | REGN | | SWKS | ROST | | TMUS | SBUX | | TSLA | SIRI | | TTWO | SNPS | | ULTA | SWKS | | VRSK | TMUS | | VRSN | TSLA | | VRTX | TTWO | | WLTW | ULTA | | XLNX | VRSK | | XRAY | VRSN |
| VRTX |
| WLTW |
| XLNX |
| XRAY | |
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