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To: Return to Sender who wrote (83503)6/19/2019 5:56:11 PM
From: Sam
1 Recommendation   of 85672
 
UBS becomes latest to project SK Hynix to report red figures in Q4
2019.06.19 15:02:09 | 2019.06.19 15:14:34

Prospects have turned bleak for Korea’s SK Hynix Inc. with a select local and overseas institutions starting to flag the possibility of the world’s second-largest memory chipmaker sinking into the red in the latter part of the year in an epic reversal from its best-ever performance in 2018.

UBS projected in its latest report that SK Hynix to struggle onto the third quarter and end the final in the red, estimating a loss of 173 billion won ($146.9 million), compared with an operating profit of 1.3 trillion won in the first quarter ended March. A year ago, it posted 4.43 trillion won in operating income after a record 6.47 trillion won in the third quarter.

The UBS report predicted demand for memory chips to slacken further in the second half, debunking industry hopes for a pickup through supply adjustment from the chip majors – mainly Samsung Electronics, SK Hynix and Micron Technologies.

With expanded technology Cold War between the United States and China, UBS expects the downturn to stretch onto next year.

Meritz Securities Co., a local brokerage firm, last month projected SK Hynix incurring a bigger 277.6 billion won loss in the fourth quarter.

Kim Sun-woo, analyst at Meritz Securities, said that purchase demand in the NAND flash market that has been on a downtrend for over a year and a half isn’t heading towards recovery. An increase in the application of dynamic random-access memory (DRAM) chips is also held back despite an overall price fall, the analyst said.

SK Hynix in a conference call in April expected demand for mobile-use and server-use DRAM to improve starting in the second quarter and NAND flash industry to turn in its favor.

Other institutions are not rushing to join in on such skepticism as the technology outlook hinges on the development of the trade war.

Shares of SK Hynix rose 5.5 percent to 66,900 won Wednesday upon news that presidents Donald Trump and Xi Jinping will be holding tete-a-tete meeting on the sidelines of G20 meeting next week. The stock is nearly off 27 percent from the peak of 91,200 won on July 19 last year.

According to a brokerage consensus on Wednesday, SK Hynix is projected to recover earnings from the second half of this year and post 1.1 trillion won in operating income in the fourth quarter. Reports released by three brokerage firms this day also expected SK Hynix’s operating profit in the October-December period to remain in between 700 billion won and 1 trillion won.

Kwon Sung-ryul, an analyst at DB Financial Investment Co., however, noted that improvement level in the second half of this year is weakening and there is a prevalent outlook that SK Hynix’s earnings will deteriorate in the second half of this year. The analyst said that he expects the company to improve earnings slightly in the third quarter and raise over 1 trillion won in operating income in the following quarter.? By Yoo Joon-ho and Lee Eun-joo

pulsenews.co.kr

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To: Sam who wrote (83504)6/19/2019 5:59:18 PM
From: Sam
2 Recommendations   of 85672
 
S. Korean chipmakers to face prolonged downturn amid trade war

09:44 June 19, 2019
By Kim Eun-jung

SEOUL, June 19 (Yonhap) -- South Korean chipmakers may wish they were undergoing the bottom of the memory chip down cycle in the second quarter before entering a recovery mode later this year, but it seems like they have to deal with unfavorable business conditions longer than expected due to prolonged global trade tension.

When Samsung Electronics Co. and SK hynix Inc., the world's two largest memory chip makers, posted weak first-quarter earnings due to weak demand and a supply glut, they tried to shift investors' focus to an optimistic projection for the second half, when inventory levels stabilize and demand picks up in the peak season.

The turnaround, however, may come later than estimated as an ongoing trade conflict between the United States and China is anticipated to hurt global demand for chips for servers and smartphones in the wake of Washington's ban on Huawei, market watchers said. The world's leading telecom equipment supplier and No. 2 handset maker is one of the major buyers of memory chips supplied by the two Korean companies.

continues at en.yna.co.kr

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To: Return to Sender who wrote (83500)6/20/2019 4:20:52 PM
From: Return to Sender
1 Recommendation   of 85672
 
BPNDX rises 3 to 72 PnF Buy Signals - [ADSK QCOM WDAY added]

72
Thurs
Jun 20

Wed Thurs
AAPL AAPL
ADBE ADBE
ADI ADI
ADP ADP
AMAT ADSK
AMD AMAT
AMGN AMD
AMZN AMGN
BKNG AMZN
BMRN BKNG
CDNS BMRN
CELG CDNS
CERN CELG
CHKP CERN
CHTR CHKP
CMCSA CHTR
COST CMCSA
CSCO COST
CSX CSCO
CTAS CSX
CTSH CTAS
DLTR CTSH
EA DLTR
EBAY EA
FAST EBAY
FB FAST
FISV FB
GILD FISV
GOOGL GILD
HAS GOOGL
HSIC HAS
IDXX HSIC
ILMN IDXX
INCY ILMN
INTU INCY
ISRG INTU
LBTYA ISRG
LRCX LBTYA
LULU LRCX
MAR LULU
MDLZ MAR
MELI MDLZ
MNST MELI
MSFT MNST
MXIM MSFT
NFLX MXIM
NTAP NFLX
NVDA NTAP
ORLY NVDA
PAYX ORLY
PCAR PAYX
PEP PCAR
PYPL PEP
REGN PYPL
ROST QCOM
SBUX REGN
SIRI ROST
SNPS SBUX
SWKS SIRI
TMUS SNPS
TSLA SWKS
TTWO TMUS
ULTA TSLA
VRSK TTWO
VRSN ULTA
VRTX VRSK
WLTW VRSN
XLNX VRTX
XRAY WDAY

WLTW

XLNX

XRAY

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To: Return to Sender who wrote (83501)6/20/2019 4:53:10 PM
From: Return to Sender
3 Recommendations   of 85672
 
BPSOX rises 1 to 15 Buy Signals out of a possible 30 - [QCOM added]

15
Thurs
Jun 20

Wed Thurs
ADI ADI
AMAT AMAT
AMD AMD
CY CY
LRCX LRCX
MLNX MLNX
MRVL MRVL
MXIM MXIM
NVDA NVDA
SLAB QCOM
SWKS SLAB
TER SWKS
TSM TER
XLNX TSM

XLNX

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To: Return to Sender who wrote (83502)6/20/2019 4:59:23 PM
From: Return to Sender
3 Recommendations   of 85672
 
24 New 52 Week Highs on the NDX and Zero New 52 Week Lows for the Nasdaq 100 on Thursday June 20, 2019:

New Highs shown below for the last couple of days. No new 52 week lows for quite a while now.

Wed Thurs
ADBE ADBE
CDNS ADP
CELG CDNS
EBAY CELG
IDXX CHTR
LULU COST
MELI CTAS
MSFT EBAY
SNPS FISV
XRAY HAS

IDXX

LULU

MDLZ

MELI

MSFT

PYPL

ROST

SBUX

SNPS

ULTA

VRSN

WDAY

WLTW

XRAY

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To: Return to Sender who wrote (83508)6/20/2019 5:02:28 PM
From: Return to Sender
1 Recommendation   of 85672
 

S&P 500 sets new records on dovish policy expectations
20-Jun-19 16:20 ET
Dow +249.17 at 26753.17, Nasdaq +64.02 at 8051.33, S&P +27.72 at 2954.18

briefing.com

[BRIEFING.COM] The S&P 500 advanced 1.0% on Thursday, setting a new intraday high and new record close, bolstered by expectations for easier monetary policy and lower sovereign bond yields.

The Dow Jones Industrial Average gained 0.9%, the Nasdaq Composite gained 0.8%, and the Russell 2000 gained 0.5%.

The Fed captured the headlines yesterday and received plenty of attention today, but the market has also been paying attention to global developments. Monetary policy is getting more dovish and sovereign bond yields continue to decline around the world. The Bank of England and the Bank of Japan both left rates unchanged on Thursday with Japan indicating its key policy rate could stay at its current level until spring 2020.

Expectations for lower rates remained the biggest driver in the equity and bond markets. The 10-yr note yield and the 2-yr note yield declined three basis points each to 1.72% and 2.00%, respectively. The lower yields put some pressure on the U.S. dollar (96.65, -0.47, -0.5%) and continued to favor risk assets.

Leading equities higher were the energy stocks, as oil prices ($57.12/bbl, +$3.13, +5.8%) climbed amid the weaker dollar and escalated tensions in the Middle East. Iran shot down a U.S. military drone, which President Trump said was a "very big mistake." Geopolitical tensions briefly unnerved the market before the influence of the Fed pushed stocks higher during the afternoon.

The S&P 500 energy sector led all sectors higher with a gain of 2.2%. The other ten sectors finished with gains between 0.4% (health care) and 1.6% (industrials). The turnaround in the S&P 500 financials sector (+0.5%), which was down as much as 0.6% during the day, contributed to the strong finish in the broader market.

In corporate news, Slack (WORK 38.62, +12.62, +48.5%) made its public debut, opening at $38.50 per share after setting its reference price at $26 per share. Oracle (ORCL 56.99, +4.31, +8.2%) pleased investors with solid earnings results, while Carnival (CCL 48.80, -4.04, -7.7%) disappointed investors with weak full-year guidance.

Separately, gold futures also made a big move, settling 3.4% higher at $1393.95/oz on expectations that interest rates will continue to decline.

Reviewing Thursday's economic data:

  • Initial claims for the week ending June 15 decreased by 6,000 to 216,000 (Briefing.com consensus 220,000). Continuing claims for the week ending June 8 decreased by 37,000 to 1.662 million.
    • The key takeaway from the report is that it covers the period in which the survey for the June employment report was conducted. Accordingly, the low level of initial claims should set an expectation for a solid gain in nonfarm payrolls for June.
  • The Conference Board's Leading Economic Index was unchanged in May (Briefing.com consensus +0.1%) following a downwardly revised 0.1% increase (from 0.4%) in April.
    • The key takeaway from the report is that it reflects an environment of slower economic growth unfolding in the second quarter. According to the Conference Board, the Leading Economic Index increased 0.3% for the six-month period ending May 2019, versus 2.2% growth during the previous six months.
  • The Q1 Current Account Deficit was $130.4 billion (Briefing.com consensus -$125.0 billion) versus a downardly revised $143.9 billion (from -$134.4 billion) for the fourth quarter.
  • The Philadelphia Fed Index fell to 0.3 (Briefing.com consensus 11.5) from 16.6 in May.
Looking ahead, investors will receive Existing Home Sales for May on Friday.

  • Nasdaq Composite +21.3% YTD
  • S&P 500 +17.8% YTD
  • Russell 2000 +15.9% YTD
  • Dow Jones Industrial Average +14.7% YTD

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To: Elroy who wrote (83419)6/20/2019 11:53:50 PM
From: Elroy
2 Recommendations   of 85672
 
Intel UP $7, Corsair down $5.....

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












4-May-19 $73 $50 $130 $57 $52 $87












22-May-19 $73 $50 $120 $58 $50 $77












2-Jun-19 $73 $45 $120 $58 $49 $77












12-Jun-19 $75 $45 $120 $57 $46 $77
Samsung down $1, Intel down $2










21-Jun-19 $75 $45 $120 $57 $53 $72
Intel up $7, Corsair down $5

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From: Sam6/21/2019 7:18:33 AM
1 Recommendation   of 85672
 
Power outage partially halts Toshiba Memory's chip plant
June 21, 2019 / 3:40 AM / Updated 4 hours ago
1 Min Read

TOKYO, June 21 (Reuters) - Toshiba Memory Corp, the world’s No. 2 producer of NAND flash memory chips, said on Friday production at its plant in central Japan has been partially suspended for nearly a week since a brief power outage last Saturday.

A Toshiba Memory spokeswoman declined to comment when the plant would resume full operations and to what extent its production has been affected.

Toshiba Memory, owned 40% by Toshiba Corp, is in the process of going public.

The plant suspension is also affecting Western Digital Corp , Toshiba Memory’s joint venture partner, but a spokeswoman for the U.S. data storage device maker declined to comment on the impact on its business.

It usually takes days to resume operations at a chip plant, as all equipment needs to be tested.

reuters.com

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From: Sam6/21/2019 12:26:55 PM
1 Recommendation   of 85672
 
Micron's Earnings Will Be Weak, Analysts Say. Some Still Like the Stock. -- Barrons.com

Dow Jones Newswires | June 21, 2019 11:22:00 AM ET

Analysts are slashing their earnings estimates and target prices for Micron Technology before the memory-chip maker reports earnings after the market closes on Tuesday, but they can't agree on what investors should do with the stock.

One big problem is the blacklisting of Huawei Technologies by Washington. The move bars U.S. companies from doing business with the Chinese telecom company, which accounts for about 13% of sales at Micron (ticker: MU).

"We now expect [fiscal third-quarter sales and earnings] to be below the end of the prior guided range," wrote JPMorgan analyst Harlan Sur in a Friday research report. Sur cut his estimate of full-year earnings by about 8%, from $ 6.19 a share to $5.68 a share.

The analyst also lowered his price target on Micron stock to $50 from $64 a shares, down 23% but still 47% above recent trading levels. He rates shares Overweight, the JPMorgan equivalent of a Buy.

Baird analyst Tristan Gerra isn't as positive on Micron stock. He rates the shares at Underperform, Baird's version of a Sell rating.

Micron didn't immediately respond to a request for comment.

The analysts more or less agree on the outlook for earnings. Gerra lowered his full-year estimate from $6.18 to $ 5.75, 7 cents higher than Sur's.

But Gerra expects the stock to hit $28, down 18% from recent levels and far below Sur's forecast. The two analysts obviously disagree about valuation, given that their expectations for earnings are so close.

They have divergent views on the outlook for the memory chip business. Sur is more positive. "Memory makers remained disciplined in adding supply," he wrote. Less growth in supplies means a better balance with demand, potentially giving Micron the ability to raise prices.

Gerra doesn't see things improving soon. "DRAM and NAND inventories have deteriorated quarter over quarter and are now about twice the normal levels in the supply chain," he wrote on Friday, referring to two key memory-chip products. " We expect [the] current downturn to extend well into 2020." Gerra believes inventories need to return to normal before prices for memory chips can improve.

One thing both analysts may agree on is that the risk regarding sales to Huawei has already pummeled the stock. Micron stock has fallen 22% over the past three months, far worse than the 4% gain in the Nasdaq Composite Index over the same span.

Micron shares are up 7.6% year to date, worse than the 21% gain in the Nasdaq. They have dropped almost 43% over the past 12 months, falling another 2.5% early on Friday after the analysts' downbeat reports.

As for the rest of Wall Street, more than half of the analysts covering the company rate the shares a Buy. After all, Micron stock trades for less than 9 times estimated earnings.

Write to Al Root at allen.root@dowjones.com

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From: Sam6/21/2019 2:45:21 PM
1 Recommendation   of 85672
 
Chip stocks fall after Commerce Dept bars 5 more Chinese firms from buying US parts
Published 2 hours ago Updated 7 min ago
Yun Li

Key Points
  • Five more Chinese companies are banned from purchasing U.S.-made components.
  • The Commerce Department said these companies’s activities “pose a significant risk of being or becoming involved in activities contrary to the national security and foreign policy interests of the United States.”
  • Shares of U.S. semiconductors came under pressure after the announcement.

The U.S. Commerce Department has banned five more Chinese entities from buying U.S. components after blacklisting telecom giant Huawei last month.

Higon, Chengdu Haiguang Integrated Circuit, Chengdu Haiguang Microelectronics Technology, Sugon and Wuxi Jiangnan Institute of Computing Technology are the five Chinese firms added to the department’s entity list, according to a filing.

The department said these companies’s activities “pose a significant risk of being or becoming involved in activities contrary to the national security and foreign policy interests of the United States.”

Shares of U.S. semiconductors came under pressure after the announcement. Advanced Micro Devices tumbled more than 2%, while Xilinx and Nvidia also fell 2.2% and 1% respectively.

The move came before President Donald Trump’s key meeting with Chinese leader Xi Jinping at the G-20 summit this month to discuss the lingering trade differences. The U.S. and China have slapped tariffs on billions of dollars worth of each other’s goods, while ramping up tit-for-tat threats in the ongoing trade war.

The department said Sugon, the Wuxi Jiangnan Institute of Computing Technology, and the National University of Defense Technology are the leaders in China’s development of exascale high performance computing.

Sugon has publicly acknowledged “a variety of military end uses and end users of its high-performance computers,” the department said. Wuxi Jiangnan Institute of Computing Technology’s mission is “to support China’s military modernization,” the department noted.

The U.S. restrictions on Huawei have forced many U.S. chipmakers and tech companies including Google to cut ties with the Chinese giant. Huawei’s American chip suppliers, including Qualcomm and Intel, are reportedly quietly lobbying to ease Huawei ban.

cnbc.com

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