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To: Return to Sender who wrote (88314)4/27/2022 4:02:36 PM
From: Return to Sender
1 Recommendation   of 89081
 
BPSOX Remains 3 PnF Buy Signals - [MPWR removed SLAB added]

Mon Tues Wed
AVGO INTC INTC
INTC MPWR SLAB
KLAC TER TER
MPWR

TER

TXN

WOLF


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To: Return to Sender who wrote (88316)4/27/2022 4:02:56 PM
From: Return to Sender
1 Recommendation   of 89081
 
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 Sender4/27/2022 8:19:37 PM
2 Recommendations   of 89081
 


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: Sam4/28/2022 8:43:50 AM
1 Recommendation   of 89081
 
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: Elroy4/28/2022 10:33:53 AM
1 Recommendation   of 89081
 
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 (88326)4/28/2022 10:44:48 AM
From: oldbeachlvr
   of 89081
 
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 (88321)4/28/2022 4:07:52 PM
From: Return to Sender
1 Recommendation   of 89081
 
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 (88322)4/28/2022 4:10:35 PM
From: Return to Sender
1 Recommendation   of 89081
 
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 (88323)4/28/2022 4:13:52 PM
From: Return to Sender
1 Recommendation   of 89081
 
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 (88278)4/28/2022 4:18:50 PM
From: Return to Sender
   of 89081
 
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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