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To: Return to Sender who wrote (88326)4/30/2022 1:56:03 PM
From: Return to Sender
1 Recommendation   of 89089
 
10 New 52 Week Lows on the NDX on Friday and No New 52 Week Highs:

New Lows:

Mon Tues Wed Thur Fri
ADBE ADBE ADBE ALGN ADBE
ADSK ADSK ADSK CHTR AMZN
ALGN ALGN AMAT CMCSA CHTR
AMAT AMAT ANSS IDXX CMCSA
ANSS ANSS ASML ILMN IDXX
CHTR CHTR CHTR NFLX INTC
FB FB FB OKTA OKTA
ISRG IDXX IDXX
SBUX
MTCH ILMN ILMN
VRSN
NFLX ISRG ISRG
WBA
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 (88333)4/30/2022 1:58:11 PM
From: Return to Sender
2 Recommendations   of 89089
 


Market Snapshot

briefing.com

Dow 32977.21 -939.18 (-2.77%)
Nasdaq 12334.63 -536.89 (-4.17%)
SP 500 4131.93 -155.57 (-3.63%)
10-yr Note -7/32 2.908

NYSE Adv 635 Dec 2457 Vol 1.4 bln
Nasdaq Adv 1301 Dec 3145 Vol 4.7 bln


Industry Watch
Strong: None

Weak: Consumer Discretionary, Real Estate, Information Technology


Moving the Market
-- Stocks sell off to close out disappointing month

-- Amazon.com (AMZN) drops 14% on disappointing guidance

-- Apple (AAPL) warns of higher supply chain costs

-- Lingering concerns about the Fed's tightening plans amid persistent inflation pressures and slower growth prospects





Stocks sell off to close out a disappointing month
29-Apr-22 16:15 ET

Dow -939.18 at 32977.21, Nasdaq -536.89 at 12334.63, S&P -155.57 at 4131.93
[BRIEFING.COM] The S&P 500 dropped 3.6% on Friday in an orderly retreat fueled by disappointing earnings news and sticky inflation pressures. The Dow Jones Industrial Average (-2.8%) and Russell 2000 (-2.9%) both declined 2.8% while the Nasdaq Composite underperformed with a 4.2% decline.

The losses were widespread: all 11 S&P 500 sectors closed lower with losses ranging from 2.0% (materials) to 5.9% (consumer discretionary); 28 of the 30 Dow components closed lower; and declining issues outnumbered advancing issues by a 4:1 margin at the NYSE and a 5:2 margin at the Nasdaq.

Amazon.com (AMZN 2485.63, -406.30, -14.1%) was the biggest drag on the market, falling 14% on downside revenue and operating income guidance for the second quarter. The disappointing guidance reminded investors about the slower growth prospects in an inflationary environment.

Pricing pressures were further illustrated by Apple's (AAPL 157.65, -5.99, -3.7%) warning of higher supply chain costs for fiscal Q3, the 6.6% year-over-year increase in the PCE Price Index for March, and the 1.4% increase in the Q1 Employment Cost Index (Briefing.com consensus 1.1%). Note, Apple topped earnings expectations.

Intel (INTC 43.59, -3.25, -6.9%), Chevron (CVX 156.67, -5.12, -3.2%), and Exxon Mobil (XOM 85.15, -2.05, -2.4%) also fell sharply following their earnings reports, while Honeywell (HON 193.51, +3.59, +1.9%) closed higher after providing pleasing earnings results and guidance.

More relevantly, the inflation data reinforced expectations for the Fed to shift to a tighter policy stance with the intent to rein in inflation pressures. The CME FedWatch Tool was pricing in an 88.4% probability for a 75-basis-point rate hike in June in addition to a 50-basis-point hike next week.

These expectations were also evident in the Treasury market, where the 2-yr yield increased five basis points to 2.69% and the 10-yr yield increased two basis points to 2.89%. The U.S. Dollar Index decreased 0.4% to 103.20. WTI crude futures decreased 0.3%, or $0.28, to $105.03/bbl.

Separately, Elon Musk said he had no plans to sell more shares of Tesla (TSLA 870.76, -6.75, -0.8%) after selling over $8 billion worth of stock this week.

Reviewing Friday's economic data:

  • Personal income increased 0.5% month-over-month (Briefing.com consensus 0.4%) following an upwardly revised 0.7% increase (from 0.5%) in February. Personal spending jumped 1.1% month-over-month (Briefing.com consensus 0.6%) following an upwardly revised 0.6% increase (from 0.2%) in February. The PCE Price Index surged 0.9% month-over-month, which took the year-over-year rate to 6.6% from 6.3% in February. The core PCE Price Index, which excludes food and energy, was up a more modest 0.3%, as expected, leaving the year-over-year increase at 5.2% versus 5.3% in February.
    • The key takeaway from the report is that real disposable personal income declined 0.4% in March, which helps explain why the personal savings rate, as a percentage of disposable personal income, dipped to 6.2% from 6.8%. In other words, consumers were spending out of savings presumably to maintain their standard of living in the face of higher costs.
  • The Q1 Employment Cost Index increased 1.4% (Briefing.com consensus 1.1%) on a seasonally adjusted basis for the three-month period ending in March. Wages and salaries, which account for about 70% of compensation costs, increased 1.2% and benefit costs, which make up the remainder of compensation costs, increased 1.8% for civilian workers.
    • The key takeaway from the report is that wages and salaries for workers were up from the same period a year ago, yet those gains have increasingly been subsumed by inflation, evidenced by the 7.0% increase in the PCE Price Index seen in the advance Q1 GDP report.
  • The final University of Michigan Index of Consumer Sentiment for April dropped to 65.2 (Briefing.com consensus 65.7) from the preliminary reading of 65.7. The final reading for March was 59.4. The April uptick was nice to see, although the April reading is one of the lowest readings over the last 10 years.
    • The key takeaway from the report is that the improvement was driven largely by an expectation that gas price increases will moderate significantly, but even so, there wasn't much improvement in the overall sentiment index, which is trolling its worst levels in the past decade.
  • The Chicago PMI for April decreased to 58.5 (Briefing.com consensus 62.0) from 62.9 in March.
Looking ahead, investors will receive the ISM Manufacturing Index for April and Construction Spending for March on Monday.

  • Dow Jones Industrial Average -9.3% YTD
  • S&P 500 -13.3% YTD
  • Russell 2000 -17.0% YTD
  • Nasdaq Composite -21.2% YTD



Crude futures settle lower but remain elevated
29-Apr-22 15:30 ET

Dow -750.00 at 33166.39, Nasdaq -454.51 at 12417.01, S&P -134.18 at 4153.32
[BRIEFING.COM] The S&P 500 is now down a steep 3.1% amid a dearth of buying interest.

One last look at the S&P 500 sectors shows ten sectors down at least 2.0%, with consumer discretionary down 5.5%. The materials sector is down the least with a current 1.3% decline.

WTI crude futures settled lower by $0.28 (-0.3%) to $105.03/barrel.

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To: Return to Sender who wrote (88331)5/2/2022 4:00:21 PM
From: Return to Sender
1 Recommendation   of 89089
 
BPNDX Fell 3 to 26 PnF Buy Signals - [BKNG MAR VRTX removed]

Fri Mon
ADP ADP
AEP AEP
AMGN AMGN
AZN AZN
BIIB BIIB
BKNG CSX
CSX DLTR
DLTR EBAY
EBAY EXC
EXC FAST
FAST JD
JD KDP
KDP KHC
KHC MNST
MAR MTCH
MNST NTES
MTCH ODFL
NTES PAYX
ODFL PEP
PAYX QCOM
PEP ROST
QCOM SIRI
ROST TSLA
SIRI VRSK
TSLA XEL
VRSK ZM
VRTX
XEL
ZM







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To: Return to Sender who wrote (88332)5/2/2022 4:06:41 PM
From: Return to Sender
   of 89089
 
BPSOX Unchanged at 3 PnF Buy Signals:

Fri Mon
QCOM QCOM
SLAB SLAB
TER TER









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To: Return to Sender who wrote (88333)5/2/2022 4:10:41 PM
From: Return to Sender
1 Recommendation   of 89089
 
10 New 52 Week Lows on the NDX Today and No New 52 Week Highs:

New Lows:

Fri Mon
ADBE ADBE
AMZN AMZN
CHTR CMCSA
CMCSA IDXX
IDXX ILMN
INTC ISRG
OKTA OKTA
SBUX SBUX
VRSN VRSN
WBA WBA















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From: Return to Sender5/2/2022 4:45:46 PM
1 Recommendation   of 89089
 


Market Snapshot

briefing.com

Dow 33061.50 +84.29 (0.26%)
Nasdaq 12536.01 +201.38 (1.63%)
SP 500 4155.38 +23.45 (0.57%)
10-yr Note -27/32 2.997

NYSE Adv 1319 Dec 1743 Vol 1.1 bln
Nasdaq Adv 2306 Dec 1977 Vol 4.8 bln


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

Weak: Real Estate, Consumer Staples, Utilities, Health Care, Materials


Moving the Market
-- Major indices recoup intraday declines and close higher

-- 10-yr yield hits 3.00% for first time since December 2018

-- April ISM Manufacturing Index misses expectations





Major indices reclaim intraday losses and some
02-May-22 16:20 ET

Dow +84.29 at 33061.50, Nasdaq +201.38 at 12536.01, S&P +23.45 at 4155.38
[BRIEFING.COM] The S&P 500 advanced 0.6% on Monday, overcoming a late 1.7% decline, even as the 10-yr yield reached 3.00% for the first time since December 2018. The Nasdaq Composite gained 1.6%, the Russell 2000 gained 1.0%, and the Dow Jones Industrial Average gained 0.3%.

The first trading day of the month had picked up where April left off: the path of least resistance remained to the downside as investors fretted over the negative price action, rising rates, growth prospects, and the Fed's policy decision this week.

The market, however, turned it around in the last 75 minutes of action without a specific catalyst to account for the move. Sentiment might have simply gotten too bearish, or the buying opportunities might have been too good, with the S&P 500 falling to its lowest level since last May.

A bargain-hunting mindset lifted the S&P 500 information technology (+1.6%), communication services (+2.4%), and consumer discretionary (+1.4%) sectors to the top of the standings, accompanied by the high-flying energy sector (+1.4%).

The real estate (-2.6%), consumer staples (-1.3%), utilities (-1.0%), health care (-0.7%), and materials (-0.3%) sectors were the weakest performers.

The growth stocks performed fairly well despite the rise in the 10-yr yield, which did settle at 3.00% (up 11 basis points). More surprisingly, the Treasury yield curve steepened (2-yr yield rose 4 bps to 2.73%) despite relatively disappointing manufacturing data out of the U.S. and China.

Briefly, the April ISM Manufacturing Index decreased to 55.4% (Briefing.com consensus 57.9%) from 57.1% in March. China's Manufacturing PMI (47.4) fell deeper into contraction territory amid the COVID-19 outbreaks. On a related note, Beijing reportedly tightened coronavirus restrictions on Sunday.

Apple (AAPL 157.96, +0.31, +0.2%) and Amazon.com (AMZN 2490.00, +4.37, +0.2%), however, both increased just 0.2%, tempering the 1.3% gain in the Vanguard Mega Cap Growth ETF (MGK 206.88, +2.59, +1.3%). Recall, both stocks sold off following their earnings reports last week.

In related news, Apple received a notice from the European Commission of its preliminary view that the company abused its dominant position in markets for mobile wallets on iOS devices. Amazon was removed from the Best Ideas List at Wedbush.

WTI crude futures increased 0.1%, or $0.08, to $105.11/bbl. The U.S. Dollar Index increased 0.7% to 103.65.

Reviewing Monday's economic data:

  • The April ISM Manufacturing Index decreased to 55.4% (Briefing.com consensus 57.9%) from 57.1% in March. A number above 50.0% is indicative of expansion. April marked the 23rd consecutive month of expansion in the manufacturing sector, although the April reading is the lowest since July 2020.
    • The key takeaway from the report is that manufacturing activity is being held back by COVID issues abroad, ongoing supply chain problems, inflation pressures, and labor constraints that have made it challenging to satisfy demand and which have also detracted from demand.
  • Total construction spending increased 0.1% month-over-month in March (Briefing.com consensus 0.8%) following a 0.5% increase in February. Total private construction increased 0.2% month-over-month while total public construction decreased 0.2%. On a year-over-year basis, total construction spending was up 11.7%.
    • The key takeaway from the report is that, other than residential spending, there wasn't much strength in spending activity in either the private or public sectors.
  • The final IHS Markit Manufacturing PMI for April decreased to 59.2 from 59.7 in the preliminary reading.
Looking ahead, investors will receive Factory Orders for March and the JOLTs - Job Openings report for March on Tuesday.

  • Dow Jones Industrial Average -9.0% YTD
  • S&P 500 -12.8% YTD
  • Russell 2000 -16.1% YTD
  • Nasdaq Composite -19.9% YTD

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To: Return to Sender who wrote (88335)5/3/2022 4:01:44 PM
From: Return to Sender
1 Recommendation   of 89089
 
BPNDX Rose 1 to 27 PnF Buy Signals - [AMD added]

Mon Tues
ADP ADP
AEP AEP
AMGN AMD
AZN AMGN
BIIB AZN
CSX BIIB
DLTR CSX
EBAY DLTR
EXC EBAY
FAST EXC
JD FAST
KDP JD
KHC KDP
MNST KHC
MTCH MNST
NTES MTCH
ODFL NTES
PAYX ODFL
PEP PAYX
QCOM PEP
ROST QCOM
SIRI ROST
TSLA SIRI
VRSK TSLA
XEL VRSK
ZM XEL

ZM











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To: Return to Sender who wrote (88336)5/3/2022 4:14:36 PM
From: Return to Sender
1 Recommendation   of 89089
 
BPSOX Rose 3 to 6 - [AMD MPWR QRVO added]

Mon Tues
QCOM AMD
SLAB MPWR
TER QCOM

QRVO

SLAB

TER

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To: Return to Sender who wrote (88337)5/3/2022 4:17:45 PM
From: Return to Sender
1 Recommendation   of 89089
 
3 New 52 Week Lows on the NDX Today and No New 52 Week Highs:

New Lows:

Mon Tues
ADBE CHTR
AMZN SBUX
CMCSA WDAY
IDXX
ILMN
ISRG
OKTA
SBUX
VRSN
WBA





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To: Return to Sender who wrote (88341)5/3/2022 4:20:34 PM
From: Return to Sender
2 Recommendations   of 89089
 


Market Snapshot

briefing.com

Dow 33128.79 +67.29 (0.20%)
Nasdaq 12563.75 +27.74 (0.22%)
SP 500 4175.48 +20.10 (0.48%)
10-yr Note +3/32 2.941

NYSE Adv 1921 Dec 1207 Vol 975.6 bln
Nasdaq Adv 2401 Dec 1987 Vol 4.5 bln


Industry Watch
Strong: Energy, Financials, Real Estate, Materials

Weak: Consumer Staples, Consumer Discretionary


Moving the Market
-- Value stocks outperform growth stocks

-- 10-yr yield backs down from 3.00%

-- Waiting for the Fed decision tomorrow





Value stocks lead market higher
03-May-22 16:15 ET

Dow +67.29 at 33128.79, Nasdaq +27.74 at 12563.75, S&P +20.10 at 4175.48
[BRIEFING.COM] The S&P 500 gained 0.5% on Tuesday in a session driven by the value stocks. The Dow Jones Industrial Average (+0.2%) and Nasdaq Composite (+0.2%) both increased 0.2% while the Russell 2000 outperformed with a 0.9% gain.

Nine of the 11 S&P 500 sectors closed higher, paced by the energy (+2.9%), financials (+1.3%), real estate (+1.2%), and materials (+1.1%) sectors with gains over 1.0%. The consumer staples (-0.3%) and consumer discretionary (-0.3%) sectors were the two holdouts, and both declined 0.3%.

It was encouraging to see buyers follow though, albeit tentatively, on yesterday's efforts ahead of the Fed's highly-anticipated policy decision tomorrow. The rebound-minded action helped suppress hedging interest, as shown by the 9.6% decline in the CBOE Volatility Index (29.25, -3.09, -9.6%).

Other supportive factors included a four-basis-point decline in the 10-yr yield (2.96%), a 2% decline in oil prices ($102.86, -2.31, -2.2%), and a better-than-expected 2.2% m/m increase in factory orders for March (Briefing.com consensus 1.0%).

Growth stocks, however, did underperform in the wake of the 30% plunge in Chegg (CHGG 17.42, -7.56, -30.3%) following its disappointing revenue guidance. The Russell 3000 Growth Index closed flat, versus a 0.9% increase for the Russell 3000 Value Index.

Estee Lauder (EL 245.52, -15.11, -5.8%), Expedia Group (EXPE 150.31, -24.50, -14.0%), and Rockwell Automation (ROK 213.80, -36.24, -14.5%) were other earnings losers. Conversely, Pfizer (PFE 49.29, +0.95, +2.0%) and Avis Budget (CAR 285.28, +4.72, +1.7%) came out as earnings winners even though Pfizer issued downside FY22 guidance.

The 2-yr yield increased three basis points to 2.76% in a curve-flattening trade that didn't deter the bank stocks. The U.S. Dollar Index decreased 0.3% to 103.46.

Reviewing Tuesday's economic data:

  • Factory orders for manufactured goods increased 2.2% m/m in March (Briefing.com consensus +1.0%) following an upwardly revised 0.1% increase (from -0.5%) in February. Shipments of manufactured goods jumped 2.3% after increasing 1.1% in February.
    • The key takeaway from the report is that it supports the view that the slowdown in factory orders in February was temporary and that orders rebounded smartly in March as activity picked up with the effects of the Omicron variant fading.
  • Job openings increased to 11.549 million in March from a revised 11.344 million (from 11.266 million) in February.
Looking ahead to Wednesday, in addition to the FOMC Rate Decision, investors will receive the ADP Employment Change report for April, the ISM Non-Manufacturing Index for April, the the Trade Balance for March, and the weekly MBA Mortgage Applications Index.

  • Dow Jones Industrial Average -8.8% YTD
  • S&P 500 -12.4% YTD
  • Russell 2000 -15.4% YTD
  • Nasdaq Composite -19.7% YTD



Crude futures settle lower by 2%
03-May-22 15:30 ET

Dow +91.81 at 33153.31, Nasdaq +29.41 at 12565.42, S&P +21.61 at 4176.99
[BRIEFING.COM] The S&P 500 is up 0.5%, and the Russell 2000 is up 1.2%.

One last look at the S&P 500 sectors shows energy (+3.0%), financials (+1.6%), and materials (+1.3%) leading the advance, while the consumer discretionary (-0.5%) and consumer staples (-0.4%) sectors remain the only two sectors trading lower.

WTI crude futures settled lower by $2.43 (-2.3%) to $102.68/barrel.


Energy stocks rallying despite lower oil prices
03-May-22 14:55 ET

Dow +77.60 at 33139.10, Nasdaq +28.69 at 12564.70, S&P +22.84 at 4178.22
[BRIEFING.COM] The S&P 500 is up 0.5% after briefly returning to its flat line earlier this hour.

Impressively, energy stocks are among today's top-performing equities despite the 2% decline in oil prices ($102.90/bbl, -2.26, -2.2%). The S&P 500 energy sector is currently up 2.8% amid the broader trend into "value" stocks.

Looking ahead, Advanced Micro Devices (AMD 91.09, +1.28, +1.4%), Airbnb (ABNB 145.24, -7.46, -4.9%), Starbucks (SBUX 74.19, -1.16, -1.6%), and Lyft (LYFT 31.16, -0.35, -1.1%) are some notable companies that will report earnings after the close.

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