|From: Julius Wong||4/3/2021 7:35:15 AM|
|Semiconductor stocks gain after Micron earnings beat, TSMC's $100B capacity plan|
Apr. 01, 2021 12:05 PM ET Brooks Automation, Inc. (BRKS) By: Brandy Betz, SA News Editor 9 Comments
The Philadelphia Semiconductor Index is up 2.3% compared to the 1.5% gain for the broader tech sector (NYSEARCA: XLK) after a positive earnings report from Micron, rumors of a Kioxia deal, and TSMC's $100B capacity expansion investment.
Micron reported upside fiscal Q2 results driven by particularly strong demand in mobile, industrials, and automotive. The company forecast a strong FQ3 as DRAM demand continues to outpace supply and NAND stabilizes.
Despite the current "severe" DRAM shortage, Micron plans to stick with its "conservative" capex strategy for the year.
Micron and memory peer Western Digital were at the center of one support saying the companies were considering separate bids for NAND giant Kioxia. But another report said Kioxia would prefer to pursue an IPO.
Foundry giant TSMC plans to spend $100B over the next three years to expand its fab capacity. TSMC had already forecast 2021 capex of $25-28B.
Top semiconductor movers today include semi equipment and adjacent names Brooks Automation ( BRKS +6.9%), Entegris ( ENTG +5.6%), Teradyne ( TER +3.6%), Lam Research ( LRCX +5.2%), Applied Materials ( AMAT +4.7%), KLA ( KLAC +3.4%), and ASML ( ASML +1.4%).
Related: Yesterday, semi stocks got a boost after President Biden unveiled a $2T infrastructure plan that requested a $50B investment in domestic semiconductor manufacturing.
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|To: Clam digger who wrote (6260)||4/3/2021 8:08:29 PM|
|From: robert b furman|
|Hi Clam, |
70K can buy me a lot of Truck jewelry.
I prefer a gas tank that can be filled and not have to wait in line for a charging station that takes 20 minutes for a 80% charge.
Think of how many gas stations there are and how many pumps there are.
Biden's plan to build charging stations is a pimple on an elephants azz if you want to "SEE THE USA".
It is a great idea to recharge at night at home or while at work.
It will work for distribution of things along a defined route.
It's an urban phenom in a large land mass country.
I'll be pumping gas in my ICE 4x4 for the rest of my life.
Not to mention my old Chevy's.
Happy Easter Clam digger.
My wife has baked her traditional Italian Easter Bread with anise aroma.
Tomorrow, we shall praise the Lord and "Thank Him" for the wealth we have in this great country.
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|From: Julius Wong||4/4/2021 9:18:59 AM|
|15 stocks stand to gain the most from Biden infrastructure plan - Barron's|
Apr. 04, 2021 12:22 AM ET MasTec, Inc. (MTZ) By: Carl Surran, SA News Editor 20 Comments
Many stocks have run higher in anticipation of President Biden's $2.2T infrastructure plan, but in this weekend's issue, Barron's discusses some stocks that may enjoy further gains if the market sees a bill moving toward passage.
Engineering and construction companies have had strong runs, but Citigroup says their stocks do not look overpriced based on 2022 estimates, pointing to MasTec (NYSE: MTZ), Aecom (NYSE: ACM), Jacobs Engineering (NYSE: J) and Quanta Services (NYSE: PWR) as looking "well positioned for growing investments in infrastructure and climate change mitigation efforts."
Vulcan Materials (NYSE: VMC) would be a beneficiary of spending on roads and bridges, says Savoie Capital's Ben Phillips, who also likes Astec Industries (NASDAQ: ASTE) and Construction Partners (NASDAQ: ROAD), as well as water stocks Evoqua Water Technologies (NYSE: AQUA) and Great Lakes Dredge & Dock (NASDAQ: GLDD).
Clean-tech winners, according to Morgan Stanley, include TPI Composites (NASDAQ: TPIC), Sunrun (NASDAQ: RUN) and SolarEdge Technologies (NASDAQ: SEDG).
For income investors, three ways to play the green theme are NextEra Energy (NYSE: NEE), Atlantica Sustainable Infrastructure (NASDAQ: AY) and Clearway Energy (NYSE: CWEN), says Josh Duitz, infrastructure portfolio manager with Aberdeen Standard Investments.
Aecom, NextEra, Quanta Services and Sunrun were four of many stock ideas that also were suggested by KeyBanc analysts as the best positioned beneficiaries from the Biden proposal.
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