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Technology Stocks Semi Equipment Analysis

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To: Return to Sender who wrote (88312)

4/27/2022 4:02:56 PM

From: Return to Sender

17 New 52 Week Lows Today on the NDX and No New 52 Week Highs:

New Lows:

Mon	Tues	Wed
ADBE	ADBE	ADBE
ADSK	ADSK	ADSK
ALGN	ALGN	AMAT
AMAT	AMAT	ANSS
ANSS	ANSS	ASML
CHTR	CHTR	CHTR
FB	FB	FB
ISRG	IDXX	IDXX
MTCH	ILMN	ILMN
NFLX	ISRG	ISRG
PYPL	NFLX	LRCX
SBUX	OKTA	MCHP
SWKS	PYPL	NFLX
WDAY	SBUX	OKTA
	SWKS	PYPL
	WDAY	SBUX
		SWKS

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From: Return to Sender

4/27/2022 8:19:37 PM

Market Snapshot

briefing.com

Dow	33301.93	+61.75	(0.19%)
Nasdaq	12488.93	-1.81	(-0.01%)
SP 500	4183.95	+8.76	(0.21%)
10-yr Note	-3/32	2.768

NYSE	Adv 1312	Dec 1832	Vol 993.0 mln
Nasdaq	Adv 1797	Dec 2657	Vol 4.6 bln

Industry Watch

Strong: Information Technology, Materials, Energy

Weak: Communication Services, Utilities, Real Estate

Moving the Market

-- Major indices close mixed in volatile session

-- Information technology sector provided key leadership

-- Weakness in the communication services sector after Alphabet (GOOG) missed EPS estimates

-- Mixed earnings picture

Volatile session ends mixed and little changed
27-Apr-22 16:20 ET

Dow +61.75 at 33301.93, Nasdaq -1.81 at 12488.93, S&P +8.76 at 4183.95
[BRIEFING.COM] The S&P 500 increased 0.2% on Wednesday in a volatile session in which the benchmark index traded between a 0.3% decline and 1.6% gain. The Nasdaq Composite (unch), Dow Jones Industrial Average (+0.2%), and Russell 2000 (-0.3%) closed mixed and little changed, also fading intraday gains.

Intraday highs were largely mechanical in the sense that the market tried to rally from an oversold condition, although some attributed good earnings news from the likes of Microsoft (MSFT 283.22, +13.00, +4.8%), Visa (V 214.11, +13.01, +6.5%), and T-Mobile US (TMUS 129.84, +4.88, +3.9%) as an influential factor.

The whole earnings picture, when considering reactions and guidance, was somewhat mixed, though. Alphabet (GOOG 2300.41, -89.71, -3.8%) and Boeing (BA 154.46, -12.58, -7.5%) both struggled following their reports while Texas Instruments (TXN 169.39, +0.95, +0.6%) issued downside Q2 guidance.

The S&P 500 communication services sector (-2.6%) was easily the worst-performing sector, as weakness in Alphabet spread over to Meta Platforms (FB 174.95, -6.00, -3.3%) ahead of its earnings report after the close, and the bleeding continued in Netflix (NFLX 188.54, -9.86, -5.0%).

Conversely, the information technology (+1.4%), materials (+1.5%), and energy (+1.5%) sectors each gained roughly 1.5%. The outperformance of the heavily-weighted technology sector overshadowed an underlying negative bias in the broader market: declining issues outpaced advancing issues at both the NYSE and Nasdaq.

Besides the mixed earnings picture, buying conviction was restrained by global growth concerns, the inability for the market to sustain a rebound rally, and weakening technical factors.

Elsewhere, the Treasury market saw modest selling pressure after two days of gains. The 2-yr yield increased two basis points to 2.57%, and the 10-yr yield increased five basis points to 2.82%. The U.S. Dollar Index rose 0.7% to 102.97. WTI crude futures rose 0.3%, or $0.33, to $101.75/bbl.

Reviewing Wednesday's economic data:

The Advance report for International Trade in Goods for March showed a deficit of $125.3 billion, versus a revised $106.4 billion (from $106.6 billion) in February. The Advance report for Retail Inventories for March rose 2.0%, and the Advance report for Wholesale Inventories for March rose 2.3%.
Pending home sales decreased 1.2% m/m in March (Briefing.com consensus -1.5%) following a revised 4.0% decline (from -4.1%) in February.
The weekly MBA Mortgage Applications Index fell 8.3% following a 5.0% decline in the prior week.

Looking ahead, investors will receive the advance estimate for Q1 GDP and the weekly Initial and Continuing Claims report on Thursday.

Dow Jones Industrial Average -8.4% YTD
S&P 500 -12.2% YTD
Russell 2000 -16.1% YTD
Nasdaq Composite -20.2% YTD

Crude futures settle slightly higher
27-Apr-22 15:30 ET

Dow +180.40 at 33420.58, Nasdaq +18.69 at 12509.43, S&P +18.75 at 4193.94
[BRIEFING.COM] The S&P 500 is up 0.5% in a relatively underwhelming session given the inability to hold onto prior gains.

One last look at the S&P 500 sectors shows information technology (+1.6%), energy (+1.7%), and materials (+1.7%) trading higher by more than 1.5%, while the communication services sector (-2.8%) remains a pocket of weakness.

WTI crude futures settled higher by $0.33 (+0.3%) to $101.75/barrel.

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From: Sam

4/28/2022 8:43:50 AM

Chip stocks get a shot in the arm after upbeat Qualcomm forecast

Reuters April 28, 2022 07:13:00 AM ET

** Shares of U.S. chipmakers and chip equipment makers jump as Qualcomm Inc forecast Q3 revenue above expectations after beating second-quarter revenue and profit estimates on Wednesday

** QCOM shares rose 7.2%, while shares of Intel Corp , Broadcom Inc and Advanced Micro Devices rose between 1.4% and 2.9%

** Nvidia Corp, Micron Tech and ON Semiconductor added between 2.6% and 3.4%

** QCOM's positive results and outlook were largely due to its move to focus on a growing non-handset business to cushion a likely hit from slowing smartphone demand

** The Philadelphia SE Semiconductor index is down over 26% this year as industry-wide shortages of chips disrupted production in automotive and electronics industries, forcing some firms to scale back production

** The chip index is headed for its first yearly decline in four

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From: Elroy	4/28/2022 10:33:53 AM
	1 Recommendation of 93103

Tight fab capacity may encourage Taiwan foundries to raise prices again digitimes.com The rumored weakness in semiconductor demand pushes stocks lower while the orders from semiconductor companies to TSMC push manufacturing prices higher. Sure, why not?

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To: Elroy who wrote (88322)	4/28/2022 10:44:48 AM
From: oldbeachlvr	of 93103

In two to three years, when multiple new foundry fabs have been built by Intel, Samsung, TSMC and whoever (in Ohio, Texas, Arizona, Germany, Taiwan, China, Japan, etc.) the excess capacity should lower the cost of using a contract foundry substantially. Margins at the fabless semi companies should increase. Until then price increases will be the norm.

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To: Return to Sender who wrote (88317)

4/28/2022 4:07:52 PM

From: Return to Sender

BPNDX Rose 4 to 31 - [BKNG CDNS ODFL QCOM added]

Mon	Tues	Wed	Thur
ADP	ADP	ADP	ADP
AEP	AEP	AEP	AEP
AMGN	AMGN	AMGN	AMGN
ATVI	ATVI	AZN	AZN
AVGO	AZN	BIIB	BIIB
AZN	BIIB	CSX	BKNG
BIIB	CSX	DLTR	CDNS
BKNG	DLTR	EBAY	CSX
CPRT	EBAY	EXC	DLTR
CSX	EXC	FAST	EBAY
DLTR	FAST	INTC	EXC
EBAY	INTC	JD	FAST
EXC	JD	KDP	INTC
FAST	KDP	KHC	JD
INTC	KHC	MAR	KDP
KDP	MAR	MELI	KHC
KHC	MNST	MNST	MAR
KLAC	PAYX	NTES	MELI
MAR	PEP	PAYX	MNST
MNST	ROST	PEP	NTES
PAYX	SIRI	ROST	ODFL
PEP	TMUS	SIRI	PAYX
ROST	VRSK	TMUS	PEP
SIRI	VRSN	VRSK	QCOM
TMUS	VRTX	VRSN	ROST
TSLA	XEL	VRTX	SIRI
TXN		XEL	TMUS
VRSK			VRSK
VRSN			VRSN
VRTX			VRTX
XEL			XEL

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To: Return to Sender who wrote (88318)

4/28/2022 4:10:35 PM

From: Return to Sender

BPSOX Rose 1 to 4 PnF Buy Signals - [QCOM added]

Mon	Tues	Wed	Thur
AVGO	INTC	INTC	INTC
INTC	MPWR	SLAB	QCOM
KLAC	TER	TER	SLAB
MPWR			TER
TER
TXN
WOLF

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To: Return to Sender who wrote (88319)

4/28/2022 4:13:52 PM

From: Return to Sender

7 New 52 Week Lows Today on the NDX and 1 New 52 Week High - [PEP]

Mon	Tues	Wed	Thur
ADBE	ADBE	ADBE	ALGN
ADSK	ADSK	ADSK	CHTR
ALGN	ALGN	AMAT	CMCSA
AMAT	AMAT	ANSS	IDXX
ANSS	ANSS	ASML	ILMN
CHTR	CHTR	CHTR	NFLX
FB	FB	FB	OKTA
ISRG	IDXX	IDXX
MTCH	ILMN	ILMN
NFLX	ISRG	ISRG
PYPL	NFLX	LRCX
SBUX	OKTA	MCHP
SWKS	PYPL	NFLX
WDAY	SBUX	OKTA
	SWKS	PYPL
	WDAY	SBUX
		SWKS

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To: Return to Sender who wrote (88274)	4/28/2022 4:18:50 PM
From: Return to Sender	of 93103

UPDATE 1-Intel's current-quarter sales outlook misses estimate finance.yahoo.com April 28 (Reuters) - Chipmaker Intel Corp forecast second-quarter revenue below Wall Street expectations on Thursday on worries of demand weakness from its largest end market, PCs, and increased supply-chain uncertainty due to COVID-19 lockdowns in China. Shares of the company fell 5% in after-market trading. The company expects current-quarter revenue of about $18 billion compared with analysts' average estimate of $18.38 billion, according to IBES data from Refinitiv. Rising inflation, resurgence of COVID-19 in China and uncertainties around the war in Ukraine have shifted consumer spending away from gadgets, hurting Intel, which saw more than half of its revenue last year coming from the segment selling processors for PCs. Analysts say the PC market is coming off from searing rates of growth over the last two years as remote working and learning triggered high demand during the pandemic. As lockdowns in China continue, supply-chain bottlenecks are likely to hurt Intel's customers, in turn affecting the chipmaker's business. Adjusted revenue for the first quarter was $18.4 billion, compared with analysts' average estimate of $18.31 billion. (Reporting by Chavi Mehta and Eva Mathews in Bengaluru and Jane Lanhee Lee in Oakland, Calif.; Editing by Krishna Chandra Eluri)

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To: Return to Sender who wrote (88327)

4/28/2022 4:20:28 PM

From: Return to Sender

Market Snapshot

briefing.com

Dow	33916.59	+614.66	(1.85%)
Nasdaq	12871.52	+382.59	(3.06%)
SP 500	4287.62	+103.67	(2.48%)
10-yr Note	-2/32	2.853

NYSE	Adv 2429	Dec 733	Vol 1.0 bln
Nasdaq	Adv 2788	Dec 1769	Vol 5.0 bln

Industry Watch

Strong: Information Technology, Communication Services, Consumer Discretionary, Energy

Weak: None

Moving the Market

-- Earnings provide fuel for dip-buying efforts

-- Meta Platforms (FB) jumps over 17.0% following better-than-feared earnings report

-- Advance Q1 GDP decreased at 1.4% annualized rate (Briefing.com consensus +1.1%); GDP Chain Deflator rose 8.0% (Briefing.com consensus +7.3%).

Earnings fuel dip-buying efforts
28-Apr-22 16:15 ET

Dow +614.66 at 33916.59, Nasdaq +382.59 at 12871.52, S&P +103.67 at 4287.62
[BRIEFING.COM] The S&P 500 rallied 2.5% on Thursday, as earnings reactions helped instill confidence in dip-buying efforts. The Nasdaq Composite rose 3.1%, the Dow Jones Industrial Average rose 1.9%, and the Russell 2000 rose 1.8%.

After a shaky start in which the major indices, except the S&P 500, turned negative, the market kicked into higher gear in the afternoon. All 11 sectors in the S&P 500 closed higher with gains ranging from 1.1% (utilities) to 4.0% (information technology).

Meta Platforms (FB 205.73, +30.78, +17.6%) had sort of a halo effect on the mega-caps, as shares surged 17.6% following its better-than-feared earnings report. Apple (AAPL 163.64, +7.07, +4.5%) and Amazon.com (AMZN 2891.93, +128.59, +4.7%) posted strong gains in front of their earnings reports after the close.

Qualcomm's (QCOM 148.19, +13.09, +9.7%) results and guidance had a similar effect on the Philadelphia Semiconductor Index (+5.6%), while the 11% gain in PayPal (PYPL 92.09, +9.48, +11.5%) despite its downside guidance was viewed as a justification to buy other beaten-down growth stocks -- but not Teladoc (TDOC 33.51, -22.48, -40.2%), which cratered 40% on disappointing guidance.

McDonald's (MCD 254.19, +7.05, +2.9%) and Merck (MRK 88.58, +4.17, +4.9%) also pleased investors with their earnings reports. Fellow Dow components Caterpillar (CAT 212.44, -1.52, -0.7%) and Amgen (AMGN 238.13, -10.66, -4.3%), however, closed lower despite beating EPS estimates.

Of course, the notion that the market was simply due for a bounce from an oversold condition can't be understated. Encouragingly, too, the stock market did not appear fazed by the disappointing Advance Q1 GDP report that had marks of stagflation.

Briefly, real GDP decreased at an annual rate of 1.4% in the first quarter (Briefing.com consensus +1.1%) while the GDP Chain Deflator increased by a larger-than-expected 8.0% (Briefing.com consensus +7.3%).

The Treasury market, however, did react in such a way that maintained expectations for the Fed to prioritize tighter policy to keep inflation pressures in check. The 2-yr yield rose seven basis points to 2.64%, and the 10-yr yield rose five basis points to 2.86%. The U.S. Dollar Index (103.59, +0.64, +0.6%) hit a 20-year high. WTI crude settled above $105 per barrel ($105.31, +3.56, +3.5%).

Reviewing Thursday's economic data:

Real GDP decreased at an annual rate of 1.4% in the first quarter (Briefing.com consensus +1.1%) while the GDP Chain Deflator shot up 8.0% (Briefing.com consensus +7.3%). Real final sales of domestic product, which exclude the change in private inventories, were down 0.6%.
- The key takeaway from the report is that it will exacerbate concerns about the U.S. economy being at risk of slipping into an eventual recession at worst or at least entering a stagflation period that will necessitate tighter monetary policy to get inflation under control.
Initial jobless claims for the week ending April 23 decreased by 5,000 to 180,000 (Briefing.com consensus 182,000). Continuing claims for the week ending April 16 decreased by 1,000 to 1.408 million, which is the lowest level since February 7, 1970.
- The key takeaway from this report remains the same: jobless claims are near historically low levels, which is indicative of a tight labor market. The tightness in the labor market, though, will continue to fuel concerns about wage-based inflation pressures that can feed into more persistent, and broader, price inflation.

Looking ahead, investors will receive Personal Income and Spending for March, PCE Prices for March, the Q1 Employment Cost Index, the Chicago PMI for April, and the final University of Michigan Index of Consumer Sentiment for April on Friday.

Dow Jones Industrial Average -6.7% YTD
S&P 500 -10.0% YTD
Russell 2000 -14.6% YTD
Nasdaq Composite -17.7% YTD

Crude futures settle above $105 per barrel
28-Apr-22 15:30 ET

Dow +728.84 at 34030.77, Nasdaq +445.53 at 12934.46, S&P +120.90 at 4304.85
[BRIEFING.COM] The S&P 500 is up 2.9% to trade at fresh session highs as investors continue to follow through on dip-buying efforts.

One last look at the sectors shows gains across the board. The information technology sector sits atop with a 4.5% gain while the utilities sector underperforms with a 1.0% gain.

WTI crude futures settled higher by $3.56 (+3.5%) to $105.31/barrel. The higher oil prices has provided an additional boost for the energy sector (+3.9%).

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