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   Technology StocksSemi Equipment Analysis


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From: w0z6/17/2019 5:50:16 AM
1 Recommendation   of 84305
 
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
1 Recommendation   of 84305
 
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 (83481)6/17/2019 4:32:07 PM
From: Return to Sender
   of 84305
 
BPSOX unchanged at 13

13
Mon
Jun 17

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



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To: Return to Sender who wrote (83486)6/17/2019 4:35:22 PM
From: Return to Sender
2 Recommendations   of 84305
 
5 New 52 Week Highs on the NDX - No New Lows for Monday June 17, 2019

New Highs
CELG
COST
LULU
SBUX
WLTW

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To: Return to Sender who wrote (83487)6/17/2019 4:38:25 PM
From: Return to Sender
   of 84305
 
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
2 Recommendations   of 84305
 
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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To: Return to Sender who wrote (83486)6/18/2019 4:09:12 PM
From: Return to Sender
2 Recommendations   of 84305
 
BPSOX rises 1 to 14 - [NVDA added]

14
Tues
Jun 18

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

XLNX

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To: Return to Sender who wrote (83490)6/18/2019 4:42:14 PM
From: Return to Sender
2 Recommendations   of 84305
 
13 New 52 Week Highs on the NDX - No New 52 Week Lows for Tuesday June 18, 2019

New Highs
ADP
CELG
CHTR
COST
EBAY
HAS
HSIC
IDXX
LULU
MDLZ
MSFT
PYPL
ROST

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To: Return to Sender who wrote (83491)6/18/2019 4:43:43 PM
From: Return to Sender
   of 84305
 

Stocks rally on trade optimism, dovish expectations
18-Jun-19 16:20 ET
Dow +353.01 at 26465.54, Nasdaq +108.86 at 7953.87, S&P +28.08 at 2917.75

briefing.com

[BRIEFING.COM] The stock market rallied on Tuesday, boosted by U.S.-China trade optimism and dovish comments out of the European Central Bank (ECB). Each of the major indices advanced between 1.0% (S&P 500) and 1.4% (Nasdaq Composite).

The advance began overnight after ECB President Mario Draghi said the central bank is willing to provide additional stimulus if economic conditions don't improve and inflation remains low. Sovereign bond yields fell on the news, sending Germany's 10-yr bund yield to a fresh record low at -0.32%, while U.S. equity futures pushed higher.

U.S. stocks took a leg higher minutes after the opening bell after President Trump updated the market with U.S.-China trade news. Specifically, the president tweeted that the U.S. will resume trade talks with Beijing before the G-20 summit and that he will have an extended meeting at G-20 with President Xi.

Increased hopes for a trade deal contributed to an 4.6% gain in the price of oil ($54.16/bbl, +$2.40) and to the outperformance of the S&P 500 cyclical sectors. The industrials (+1.9%), information technology (+1.7%), energy (+1.4%), and financials (+1.3%) sectors finished with gains above 1.0%.

Apple (AAPL 198.45, +4.56, +2.4%) and the semiconductor space, both of which are highly sensitive to U.S.-China trade relations, also outperformed the broader market. The Philadelphia Semiconductor Index climbed 4.3%. Conversely, the defensive-oriented consumer staples (-0.6%), real estate (-0.3%), and utilities (-0.3%) sectors were the lone sectors that finished lower.

The Fed will presumably keep a watchful eye as to how trade talks unfold in front of its July meeting. In the meantime, its two-day policy meeting wraps up tomorrow with a rate decision due in the afternoon. While no rate cut is expected, the market has high expectations for the Fed to take a dovish-minded stance like its European counterpart in its policy directive.

U.S. Treasuries spent a bulk of intraday action pulling back from session highs, leaving yields slightly lower. The 2-yr yield declined one basis point to 1.84%, and the 10-yr yield declined three basis points to 2.06%. The U.S. Dollar Index increased 0.1% to 97.62.

Separately, Facebook (FB 188.47, -0.54, -0.3%) released the white paper for its cryptocurrency project. The stock popped to a 2.9% gain at the open, but quickly retreated and finished in negative territory, as the stock had already climbed over 15% since June 3 prior to the session.

Reviewing Tuesday's economic lone economic report, Housing Starts and Building Permits for May:

  • Housing starts dipped 0.9% m/m in May to a seasonally adjusted annual rate of 1.269 million (Briefing.com consensus 1.240 million) from an upwardly revised 1.281 million (from 1.235 million) in April. Permits increased 0.3% m/m in May to a seasonally adjusted annual rate of 1.294 million (Briefing.com consensus 1.295 million) from an upwardly revised 1.290 million (from 1.269 million) in April.
    • The key takeaway from the report was that the number of units under construction at the end of the period held at a seasonally adjusted annual rate of 1.131 million for the third straight month. That left the second quarter average 1.5% below the first quarter average, which will be a negative input for Q2 GDP forecasts.
Looking ahead, investors will receive the FOMC's Rate Decision and the weekly MBA Mortgage Applications Index on Wednesday.

  • Nasdaq Composite +19.9% YTD
  • S&P 500 +16.4% YTD
  • Russell 2000 +15.0% YTD
  • Dow Jones Industrial Average +13.5% YTD

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To: Return to Sender who wrote (83489)6/18/2019 6:15:45 PM
From: Sweet Ol
   of 84305
 
I am curious. What is the meaning of those 2 columns of stock symbols?

Blessings,

SOJ

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