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To: Return to Sender who wrote (88782)8/2/2022 4:37:25 PM
From: Return to Sender
1 Recommendation   of 89652
 
Microchip beats by $0.03, reports revs in-line; guides Q2 EPS above consensus, revs above consensus
4:20 PM ET 8/2/22 | Briefing.com

Reports Q1 (Jun) earnings of $1.37 per share, excluding non-recurring items, $0.03 better than the S&P Capital IQ Consensus of $1.34; revenues rose 25.1% year/year to $1.96 bln vs the $1.95 bln S&P Capital IQ Consensus. Co issues upside guidance for Q2 (Sep), sees EPS of $1.42-1.46, excluding non-recurring items, vs. $1.37 S&P Capital IQ Consensus; sees Q2 revs of $2.023-2.101 bln vs. $1.97 bln S&P Capital IQ Consensus.


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From: Return to Sender8/2/2022 6:23:23 PM
1 Recommendation   of 89652
 
Semtech to buy Sierra Wireless in $1.2 bln deal
finance.yahoo.com

Aug 2 (Reuters) - Semiconductor supplier Semtech Corp will acquire Canada's Sierra Wireless Inc in a deal valued at $1.2 billion, the companies said on Tuesday.

Semtech will acquire all shares of Sierra Wireless for $31 per share in an all-cash deal, according to a statement.

"Internet of things" solutions provider Sierra said earlier in the day that it was in advanced discussion with Semtech about a possible deal. (Reporting by Ankur Banerjee in Bengaluru; Editing by Maju Samuel)

>I was wondering why SMTC fell enough to lose its PnF Buy Signal. This is why! RtS<

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From: Sam8/3/2022 12:47:45 PM
2 Recommendations   of 89652
 
Micron Technology Announces Upcoming Investor Event

BOISE, Idaho, Aug. 02, 2022 (GLOBE NEWSWIRE) -- Micron Technology, Inc. (Nasdaq: MU), today announced company executives will take part in a fireside chat at the KeyBanc Technology Leadership Forum at the Grand Hyatt Hotel in Vail. The event will be webcast live on Tuesday, Aug. 9, at 8:30 a.m. Mountain time.

Live webcasts and subsequent replays of presentations can be accessed from Micron’s Investor Relations website at Investor Relations | Micron Technology.

investors.micron.com

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To: Return to Sender who wrote (88744)8/3/2022 5:37:36 PM
From: Return to Sender
2 Recommendations   of 89652
 


Market Snapshot

briefing.com

Dow 32814.38 +416.33 (1.29%)
Nasdaq 12668.12 +319.40 (2.59%)
SP 500 4155.24 +63.98 (1.56%)
10-yr Note



NYSE Adv 2170 Dec 935 Vol 865 mln
Nasdaq Adv 2996 Dec 1334 Vol 5.5 bln


Industry Watch
Strong: Consumer Discretionary, Communication Services, Real Estate, Information Technology, Financials

Weak: Energy


Moving the Market
-- Leadership from the mega caps

-- Relief that China's response to Speaker Pelosi's Taiwan visit was not more consequential

-- Better-than-feared earnings results since yesterday's close

-- Sharp drop in oil prices







Closing Summary
03-Aug-22 16:25 ET

Dow +416.33 at 32814.38, Nasdaq +319.40 at 12668.12, S&P +63.98 at 4155.24
[BRIEFING.COM] The stock market had a distinctly strong showing today, recouping this week's earlier losses. The initial factors affecting sentiment were falling oil prices, better-than-expected earnings news and economic data, and a measure of relief that Speaker Pelosi's visit to Taiwan did not provoke a more consequential response from China. Once the session got going, mega cap leadership was an instrumental upside driver.

The S&P 500 tested last Friday's high (4,140) early on and found some resistance before breaking above that level. The intraday chart had the appearance of being supported by a relentless bid, as every little dip (emphasis on the word 'little') was quickly greeted with renewed buying interest. The resilient price action was its own supportive catalyst, as it drew in sidelined money presumably on the fear of missing out on further gains. Trading volume, however, wasn't particularly heavy, so the fear-of-missing-out trade hadn't necessarily kicked into high gear yet.

Market breadth showed the big bias towards advancing issues. Advancers led decliners by a roughly 11-to-5 margin at both the NYSE and Nasdaq.

The mega caps proved to be a big support to the market today. The Vanguard Mega Cap Growth ETF (MGK) closed up 2.7% versus a 1.6% gain in the S&P 500. The Invesco S&P 500 Equal Weight ETF (RSP), for its part, closed up 1.0%.

Another supporting factor was falling oil prices. The EIA reported a surprising build in weekly oil inventories that piqued worries about a demand slowdown driven by lower economic growth. This caused a stronger reversal in price action for WTI crude oil, which reached $96.00/bbl earlier on reports that OPEC+ agreed to a smaller production increase of 100,000 barrels per day for September, versus July and August when 600,000 barrels were added.

WTI crude oil futures fell 3.6% to $90.91/bbl. Unleaded gasoline futures fell 3.8% to $2.93/gal.

S&P 500 sector performance today was a clear reflection of these factors. Energy (-3.0%) was the lone sector in negative territory while mega cap components pushed information technology (+2.7%), consumer discretionary (+2.5%), and communication services (+2.5%) to the top of the leaderboard. Communication services was somewhat held back by one of the top laggards in the market, Match Group (MTCH 63.24, -13.47, -17.6%), after the company reported quarterly results.

The Treasury market had a different catalyst from the stock market today. It reacted to the stronger-than-expected data and to St. Louis Fed President Bullard (2022 FOMC voter) saying last night that he thinks the target range for the fed funds rate should be at 3.75-4.00% by the end of the year. The 2-yr note yield rose three basis points to settle at 3.10% while the 10-yr note yield rose one basis point to 2.75%.

Ahead of Thursday's open Alibaba (BABA), Arrow Electronics (ARW), Cigna (CI), ConocoPhillips (COP), Crocs (CROX), Duke Energy (DUK), Eli Lilly (LLY), Fiverr (FIVR), Johnson Controls (JCI), Kellogg (K), Lordstown Motors (RIDE), Papa John's (PZZA), Paramount Global (PARA), Parker-Hannifin (PH), Penn National Gaming (PENN), Restaurant Brands Intl. (QSR), SeaWorld Entertainment (SEAS), Shake Shack (SHAK), Wayfair (W), YETI Holdings (YETI), and Zoetis (ZTS) are all set to report earnings.

Tomorrow's economic data will include the June Trade Balance (Briefing.com consensus -81.7 billion; prior -85.5 billion) and weekly initial jobless claims (Briefing.com consensus 260,000; prior 256,000) and continuing claims (prior 1.359 million) at 8:30 a.m. ET. Also, weekly EIA Natural Gas Inventories (prior +15 bcf) at 10:30 a.m. ET.

Reviewing today's economic data:

  • Weekly MBA Mortgage Applications Index 1.2%; Prior -1.8%
  • July IHS Markit Services PMI - Final 47.3%; Prior 47.0%
  • June Factory Orders 2.0% (Briefing.com consensus 0.9%); Prior was revised to 1.8% from 1.6%
    • The key takeaway from the report is that order activity gathered pace in June for both durable and nondurable goods, providing another challenge to the notion that the U.S. economy is in recession.
  • July ISM Non-Manufacturing Index 56.7% (Briefing.com consensus 53.8%); Prior 55.3%
    • The key takeaway from the report is that business activity for the non-manufacturing sector accelerated in July at the same time there was a deceleration in the pace of price increases. The acceleration in overall activity, however, does not fit the idea that the Federal Reserve is going to be quick to pivot to a rate-cut cycle.
  • Crude oil inventories had a build of 4.47barrels
    • Prior week showed a draw of 4.52 mln barrels
  • Gasoline inventories had a build of 163K barrels
    • Prior week showed a draw of 3.30 mln barrels
Dow Jones Industrial Average: -9.7% YTD
S&P 400: -11.7% YTD
S&P 500: -12.8% YTD
Russell 2000: -14.9% YTD
Nasdaq Composite: -19.0% YTD


Market remains near highs of the day
03-Aug-22 15:30 ET

Dow +459.01 at 32857.06, Nasdaq +322.81 at 12671.53, S&P +67.88 at 4159.14
[BRIEFING.COM] Heading into the close, the stock market is little changed in the last half hour. The Nasdaq remains in first place, up 2.6%.

Earnings reports after the close will be headlined by APA Corp. (APA), Amdocs (DOX), Clorox (CLX), e.l.f. Beauty (ELF), eBay (EBAY), Fastly (FSLY), Fortinet (FTNT), Lucid Group (LCID), Marathon Oil (MRO), McKesson (MCK), MGM Resorts (MGM), Qorvo (QRVO), Rent-A-Center (RCII), Sunrun (RUN), Udemy (UDMY), Unisys (UIS), and Western Union (WU).

Ahead of Thursday's open Alibaba (BABA), Arrow Electronics (ARW), Cigna (CI), ConocoPhillips (COP), Crocs (CROX), Duke Energy (DUK), Eli Lilly (LLY), Fiverr (FIVR), Johnson Controls (JCI), Kellogg (K), Lordstown Motors (RIDE), Papa John's (PZZA), Paramount Global (PARA), Parker-Hannifin (PH), Penn National Gaming (PENN), Restaurant Brands Intl. (QSR), SeaWorld Entertainment (SEAS), Shake Shack (SHAK), Wayfair (W), YETI Holdings (YETI), and Zoetis (ZTS) are all set to report earnings.

Tomorrow's economic data will include the June Trade Balance (Briefing.com consensus -81.7 billion; prior -85.5 billion) and weekly initial jobless claims (Briefing.com consensus 260,000; prior 256,000) and continuing claims (prior 1.359 million) at 8:30 a.m. ET. Also, weekly EIA Natural Gas Inventories (prior +15 bcf) at 10:30 a.m. ET.


Grinding higher
03-Aug-22 15:00 ET

Dow +463.67 at 32861.72, Nasdaq +331.07 at 12679.79, S&P +69.51 at 4160.77
[BRIEFING.COM] A somewhat reserved start today has gotten more confident looking. The indices have been pressing higher in a steady, grinding fashion for most of the session. The intraday chart has the appearance of being supported by a relentless bid, as every little dip (emphasis on the word 'little') has been quickly greeted with renewed buying interest.

The resilient price action has been its own supportive catalyst, as it has drawn in sidelined money presumably on the fear of missing out on further gains. Trading volume, however, isn't particularly heavy, so the fear-of-missing-out trade hasn't necessarily kicked into high gear yet.

The Vanguard Mega-Cap Growth ETF (MGK) has extended today's gains. It is up 2.8%, leaving it up 15.8% since the start of July. The renewed strength of the mega-cap stocks has been instrumental in driving the renewed strength of the broader market.

Separately, after saying yesterday that the Fed is nowhere near being almost done fighting inflation, San Francisco Fed President Daly (not an FOMC voter until 2024) said today that she thinks 50 basis points in September is reasonable. She issued the caveat, according to Reuters, that a 75-basis point increase might be appropriate if the labor market isn't showing signs of slowing and inflation keeps "roaring ahead undauntedly."

Ms. Daly and the other Fed officials will have their latest marks soon enough. The July employment report is out this Friday and the July CPI report comes out August 10.


NortonLifeLock gains on UK clearance for Avast merger
03-Aug-22 14:30 ET

Dow +460.19 at 32858.24, Nasdaq +330.94 at 12679.66, S&P +69.69 at 4160.95
[BRIEFING.COM] The major averages have continued to push to session highs in the last half hour, the benchmark S&P 500 (+1.70%) still firmly installed in second place.

S&P 500 constituents Moderna (MRNA 188.09, +27.28, +16.96%), NortonLifeLock (NLOK 26.55, +1.77, +7.14%), and DISH Network (DISH 18.07, +0.94, +5.49%) pepper the top of today's standings. MRNA and DISH outperform following earnings, while NLOK moves higher in reaction to UK clearance for Avast (AVASF 8.25, +2.67, +47.85%) merger.

Meanwhile, solar name SolarEdge Technologies (SEDG 302.44, -62.97, -17.23%) is among today's worst laggards following earnings.


Gold slips on Wednesday
03-Aug-22 14:05 ET

Dow +413.42 at 32811.47, Nasdaq +310.11 at 12658.83, S&P +63.43 at 4154.69
[BRIEFING.COM] With about two hours to go on Wednesday the tech-heavy Nasdaq Composite (+2.51%) is handily outperforming its counterparts.

Gold futures settled $13.30 lower (-0.7%) to $1,776.40/oz, ending its longest winning streak since April, as the dollar and bond yields both rebound on Wednesday.

Meanwhile, the U.S. Dollar Index is up about +0.3% to $106.52.



CVS Health is looking lively after posting solid beat-and-raise report (CVS)
Updated: 03-Aug-22 14:03 ET


Sales from COVID-19 vaccinations and over-the-counter test kits may have slowed sharply in Q2, but CVS Health (CVS) still posted a solid beat-and-raise quarterly report, highlighting the diversification of its business model. Each of the company's core businesses generated healthy revenue growth, with the Pharmacy Services segment leading the way with a 12% increase. CVS's upside results are also a continuation of its outperformance versus rival Walgreens Boots Alliance (WBA), which has struggled under the weight of its AllianceRX investment. On a year-to-date basis, shares of CVS are about flat, while WBA has slid lower by around 25%.

Key components of CVS's strategy include expanding its all-payer primary care capabilities and optimizing its retail footprint. On the latter point, the company is aiming to close 900 underperforming locations by the end of 2024. These initiatives, combined with the retention of foot traffic gains made during the pandemic, are helping to drive CVS's impressive string of EPS beats, which now spans over five years.

Beyond this quarter's EPS beat, a few other items stand out from the earnings report.

  • While the Retail/LTC segment generated the slowest growth in Q2, at +6.3%, we view the results favorably since it lapped strong growth of 14.2% in the year-earlier period. On a same-store sales basis, sales were up by 8%, on top of last year's 12.3% increase, to easily surpass expectations.
    • A prolonged cold and flu season helped to offset a deceleration in COVID-related products. In Q2, the company administered about six million COVID-19 vaccines, representing a 65% drop from a year-earlier.
    • Excluding COVID-19 vaccines, prescriptions filled increased by nearly 5% on a 30-day equivalent basis.
    • Higher pharmacy brand prices helped to mitigate the impact from decreased vaccinations and reimbursement pressures, but adjusted operating margin still contracted by 210 bps yr/yr to 7.1%.
  • Health Care Benefits is experiencing growth across all of its insurance product lines, leading to a healthy revenue increase of 11% to $22.8 bln. Medical membership continues to expand, increasing by 922,000 members for a total of 24.4 mln.
    • The business was also more profitable in Q2 as membership benefit costs as a percentage of premium revenues dropped to 82.9% from 84.1% a year ago. As a result, operating income jumped by 38% to $1.75 bln.
  • With the company firing on all cylinders, it lifted its FY22 EPS guidance to $8.40-$8.60 from $8.20-$8.40. The amount of the increase is roughly in line with the amount of upside from Q2, but CVS has a track record of gradually boosting its outlook, and then exceeding it.
The main takeaway is that CVS continues to execute very well in a challenging business climate. COVID-related tailwinds may be abating, but the company's outperformance during the pandemic is providing it with a lasting edge over its main competitors WBA and Rite Aid (RAD).




Advanced Micro rebounds off its lows despite small beat and mediocre guidance (AMD)
Updated: 03-Aug-22 13:40 ET


Advanced Micro (AMD -2%) is heading lower today after reporting very modest upside with its Q2 report last night. Some mediocre guidance and cautious commentary on the call also seems to be weighing on the stock a bit, but it has rebounded nicely off its lows. AMD had rallied a bit following Intel's (INTC) big miss and guide down last week on the idea that Intel's poor execution was benefitting AMD. However, AMD is also facing some industry headwinds.

  • The headline numbers were not great. AMD reported a very small EPS beat following two huge beats the last two quarters. Revenue jumped 70% yr/yr, but a lot of what was because this was recent acquisition Xilinx's first full quarter in the fold. Revenue was just in-line. Also, the mid-point of Q3 revenue guidance was below analyst expectations. Overall this was a letdown from Q1's large beat-and-raise.
  • That is not to say there were not positives. Data Center revenue jumped 83% yr/yr to $1.5 bln, led by record server processor sales. Client segment (desktop, notebook PC processors and chipsets) revenue grew 25% to $2.2 bln, fueled by record mobile processor sales. Acer, Asus, Dell, HP, and Lenovo are significantly expanding their portfolio of AMD-based notebooks with almost 300 new designs coming to market this year powered by Ryzen processors.
  • Gaming was another bright spot with revs up 32% to $1.7 bln as Semi-Custom growth more than offset a decline in Gaming Graphics sales, which has been hurt by lower consumer discretionary spending.
  • We think AMD's take on the PC market is weighing on the stock today. During Q&A, AMD lowered its PC outlook from being down high-single digits to now expecting down mid-teens. And that is impacting Q3 guidance. Investors have rightly been concerned about a slowdown in the PC market. Many people bought new computers to set up home offices during the pandemic, but how sustainable is that in year three of the pandemic?
  • Perhaps more worrisome was AMD also making some cautious comments on the Data Center market. The Cloud business continues to be very strong and that should continue to ramp in 2H22. However, the trends on the Enterprise side are more mixed and perhaps more correlated to the macro backdrop. AMD sees a significant pipeline, although some deals are taking a little bit longer to close.
  • As a quick housekeeping matter, this was AMD's first quarter since changing its segment reporting. This decision was presumably in response to Xilinx being added. The new segments are: Data Center, Client, Gaming and Embedded. This made this report much easier to understand as its two segment format was a bit confusing.
After an initial drop lower, the stock has been recovering and is now down only modestly. We think investors were hoping for better guidance, but when compared to Intel's really bad result, AMD's numbers look pretty good. We also think the lowered PC outlook was pretty expected and likely priced in already given the pullback in recent months. A year ago, this report would have sent this stock 10% lower. We think it is a good sign in terms of sentiment shifting to see a stock hold up well despite a lackluster report.




PayPal finds a friend in Elliott Investment Management, raising hopes for improved returns (PYPL)
Updated: 03-Aug-22 11:10 ET


Fintech pioneer PayPal (PYPL) has had a rough year, diving lower by over 50%, but the stock is cruising higher today after making a series of significant announcements. PYPL's mixed Q2 earnings report, which included a modest EPS beat and a miss on total payment volume (TPV), is taking a back seat to news that Elliott Investment Management has taken a $2.0 bln stake in the company. In conjunction with this investment, PYPL also announced a new cost-cutting program that's targeting about $2.2 bln in savings through 2023, as well as a new $15.0 bln share repurchase authorization.

When business was booming in 2020 and early 2021 due to the pandemic-induced shift towards e-commerce, the focus centered on PYPL's robust growth and potential to expand its active user base. As mobility returned and PYPL's top-line growth trailed off to single-digit levels, investors' attention turned to its cost structure, margins, operating efficiency, and capital allocation strategy. Given Elliott's reputation for instigating productivity improvements through major corporate shake-ups, the enthusiasm for this development is understandable.

In addition to the cost-cutting initiatives, PYPL also appointed Blake Jorgensen as its new CFO, taking over for John Rainey who left to join Walmart (WMT) in April. Jorgensen has extensive experience in the CFO role, formerly holding that position at Electronic Arts (EA), Levi Strauss & Co. (LEVI), and Yahoo (YHOO).

Overall, PYPL's Q2 results and guidance show that the company is in need of spark.

  • TPV increased by a modest 13% on a FX-neutral basis to $339.8 bln, slightly missing analysts' estimates. TPV growth has steadily eroded, sliding from 24% in 3Q21, to 23% in 4Q21, and then to 15% last quarter.
  • Net New Accounts (NNAs) were underwhelming at 0.4 mln, slowing from last quarter's increase of 2.4 mln.
  • Operating expenses grew faster than revenue at 17% vs. 9%. Consequently, non-GAAP operating margin plummeted by 738 bps yr/yr to 19.1%.
  • PYPL lowered its FY22 revenue growth outlook to $27.85 bln from $28.2-$28.7 bln, reflecting a further slowdown in growth to about 11% on a FX-neutral basis.
It's evident that the macroeconomic headwinds that CEO Dan Schulman highlighted last quarter, causing him to withdraw PYPL's medium-term outlook, have intensified. Rising competition from buy now, pay later (BNPL) companies like Affirm (AFRM) and Block (SQ) have also taken a toll on PYPL. Rather than trying to fight an uphill battle to reignite its top-line growth, the company is wisely prioritizing profitability, margin, expansion, and shareholder returns. With Elliott Investment Management on board, there's a high level of confidence that the company's financial performance will improve, as reflected in its upwardly revised FY22 EPS guidance of $3.87-$3.97.



Airbnb slides despite posting record numbers in Q2 as its lofty valuation gets in its way (ABNB)
Updated: 03-Aug-22 10:48 ET


Even after posting record profitability in Q2, upbeat guidance, and authorizing $2.0 bln for share buybacks, Airbnb (ABNB -5%) finds its shares ticking lower today. The alternative accommodations hosting platform also continued to see travel recover strongly, with some metrics exceeding 2Q19 numbers.

So why are shares pulling back? At around 63x forward earnings, ABNB is prone to nitpicking by investors. As such, its revenue growth of 57.6% yr/yr to $2.1 bln meeting analyst expectations is proving insufficient. Shares also gained roughly 30% from June 30 lows as of yesterday's close, so profit-taking activity could be at play today. Also, ABNB saw some elevated cancellations toward the back half of Q2, which the company surmises was related to flight cancellations mainly in North America. After disappointing Q2 results from airlines like UAL and DAL, we noted yesterday that ABNB could see the adverse effects spill over into its Q2 results, which materialized to a slight degree.

Outside these minor weak points, ABNB's Q2 results shined.

  • ABNB delivered its most profitable Q2 yet, growing adjusted EPS to $0.56 from $(0.11) in the year-ago period. Another record stemmed from nights and experiences booked jumping 25% yr/yr to exceed 103 mln, the company's largest quarterly number ever.
  • Similar themes from last quarter played out in Q2. Guests continued returning to cities and crossing borders, now above pre-pandemic levels. Meanwhile, long-term stays of over 28 days, ABNB's fastest-growing category by trip nights compared to 2019, remained strong, increasing nearly 25% yr/yr and almost 90% on a two-year stack.
  • In a display of confidence in continued free cash flow and long-term growth, ABNB also announced a $2 bln share repurchase program. This authorization is also noteworthy because it has come less than two years since ABNB went public. Furthermore, with management already buying back shares of its high-growth company, it signals that it views the stock as currently undervalued.
  • ABNB also provided a mostly bullish outlook. The company guided Q3 revs mostly ahead of consensus, expecting $2.78-2.88 bln as growth in nights booked accelerated from June to July. ABNB's commentary was also upbeat, stating that it is in "the midst of [its] strongest peak travel season yet." However, management mentioned that to see a further sequential acceleration in Q3, it needs to see recovery continue in Europe and APAC, which both remain significantly depressed.
Bottom line, ABNB's lofty valuation is getting in the way of its excellent Q2 numbers, which showed that guests are itching to travel despite fierce macroeconomic pressures, such as inflation. ABNB's earnings report also bodes well for its competitors Booking Holdings (BKNG) and Expedia Group (EXPE), which report Q2 earnings after the close on August 3 and 4, respectively.




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To: Return to Sender who wrote (88778)8/3/2022 5:52:06 PM
From: Return to Sender
1 Recommendation   of 89652
 
BPNDX Rose 4 to 80 PnF Buy Signals - [CRWD DOCU MRNA OKTA PANW REGN added MTCH VRTX removed]

Mon Tues Wed
AAPL AAPL AAPL
ABNB ABNB ABNB
ADBE ADBE ADBE
ADI ADI ADI
ADP ADP ADP
ADSK ADSK ADSK
AEP AEP AEP
ALGN ALGN ALGN
AMAT AMAT AMAT
AMD AMD AMD
AMGN AMGN AMGN
AMZN AMZN AMZN
ANSS ANSS ANSS
ASML ASML ASML
ATVI ATVI ATVI
AVGO AVGO AVGO
AZN AZN AZN
BIIB BIIB BIIB
BKNG BKNG BKNG
CDNS CDNS CDNS
COST COST COST
CPRT CPRT CPRT
CTAS CTAS CRWD
EA DDOG CTAS
EBAY DXCM DDOG
FISV EA DOCU
FTNT EBAY DXCM
GOOGL FISV EA
HON FTNT EBAY
IDXX GOOGL FISV
ILMN HON FTNT
INTU IDXX GOOGL
ISRG ILMN HON
KDP INTU IDXX
KHC ISRG ILMN
KLAC KDP INTU
LRCX KHC ISRG
LULU KLAC KDP
MAR LRCX KHC
MCHP LULU KLAC
MDLZ MAR LRCX
MELI MCHP LULU
MNST MDLZ MAR
MRVL MELI MCHP
MSFT MNST MDLZ
MU MRVL MELI
NFLX MSFT MNST
NVDA MTCH MRNA
NXPI MU MRVL
ODFL NFLX MSFT
ORLY NVDA MU
PAYX NXPI NFLX
PCAR ODFL NVDA
PEP ORLY NXPI
PYPL PAYX ODFL
QCOM PCAR OKTA
ROST PEP ORLY
SBUX PYPL PANW
SGEN QCOM PAYX
SIRI ROST PCAR
SNPS SBUX PEP
SPLK SGEN PYPL
SWKS SIRI QCOM
TEAM SNPS REGN
TMUS SPLK ROST
TSLA SWKS SBUX
TXN TEAM SGEN
VRSK TMUS SIRI
VRSN TSLA SNPS
VRTX TXN SPLK
WDAY VRSK SWKS
XEL VRSN TEAM
ZM VRTX TMUS

WDAY TSLA

XEL TXN

ZM VRSK


VRSN


WDAY


XEL


ZM

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To: Return to Sender who wrote (88777)8/3/2022 5:56:07 PM
From: Return to Sender
   of 89652
 
BPSOX Unchanged at 25 PnF Buy Signals:

Mon Tues Wed
ADI ADI ADI
AMAT AMAT AMAT
AMD AMD AMD
ASML ASML ASML
AVGO AVGO AVGO
CRUS CRUS CRUS
ENTG ENTG ENTG
KLAC KLAC KLAC
LRCX LRCX LRCX
MCHP MCHP MCHP
MKSI MKSI MKSI
MPWR MPWR MPWR
MRVL MRVL MRVL
MU MU MU
NVDA NVDA NVDA
NXPI NXPI NXPI
ON ON ON
QCOM QCOM QCOM
QRVO QRVO QRVO
SLAB SLAB SLAB
SMTC SWKS SWKS
SWKS TER TER
TER TSM TSM
TSM TXN TXN
TXN WOLF WOLF
WOLF


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To: Return to Sender who wrote (88788)8/3/2022 5:59:04 PM
From: Return to Sender
1 Recommendation   of 89652
 
No New 52 Week Highs on the NDX Today but 1 New 52 Week Low - [MTCH]

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To: Return to Sender who wrote (88789)8/3/2022 6:06:23 PM
From: Return to Sender
1 Recommendation   of 89652
 
Qorvo beats by $0.13, reports revs in-line; guides SepQ EPS in-line, revs in-line

4:03 PM ET 8/3/22 | Briefing.com
Reports Q1 (Jun) earnings of $2.25 per share, excluding non-recurring items, $0.13 better than the S&P Capital IQ Consensus of $2.12; revenues fell 6.8% year/year to $1.04 bln vs the $1.03 bln S&P Capital IQ Consensus. Co issues in-line guidance for Q2 (Sep), sees EPS of $2.45-2.65, excluding non-recurring items, vs. $2.59 S&P Capital IQ Consensus; sees Q2 revs of $1.12-1.15 bln vs. $1.13 bln S&P Capital IQ Consensus.


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To: Return to Sender who wrote (88790)8/3/2022 6:10:21 PM
From: Return to Sender
1 Recommendation   of 89652
 
Kulicke & Soffa beats by $0.50, beats on revs; guides Q4 EPS below consensus, revs below consensus

Reports Q3 (Jun) earnings of $2.09 per share, excluding non-recurring items, $0.50 better than the S&P Capital IQ Consensus of $1.59; revenues fell 12.3% year/year to $372.1 mln vs the $366.25 mln S&P Capital IQ Consensus. Co issues downside guidance for Q4, sees EPS of ~$0.93, +/-10%, which translates to ~$0.84-1.02, excluding non-recurring items, vs. $1.51 S&P Capital IQ Consensus; sees Q4 revs ~$280 mln, +/-$20 mln, which translates to ~$260-300 mln vs. $362.20 mln S&P Capital IQ Consensus.


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To: Return to Sender who wrote (88786)8/3/2022 7:15:27 PM
From: robert b furman
2 Recommendations   of 89652
 
Hi RtS,

I suspect today gave us a clue that a lot of shorts are being unwound.

If so the fifth and terminal wave is in the 3 of one, with a lot of time yet to run up.

That being the case, prepare for greater volatility and irrational exuberance. Pinch yourself to hold for the fast run up, but without emotion scale out, hoping you leave a lot on the table. It'll never hurt your account. <smile>

Time to watch for fib retracements based on the third wave.

Hopefully 4 is history and the dip will give us a clue on the rise coming in the fifth.

Bob

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