|Day Low/High||46.38 / 48.64|
|52 Wk Low/High||28.79 / 50.39|
Analog chip suppliers, optical component firms and chip equipment makers could be among the firms that see M&A interest if trade tensions continue to ease.
The investment firm is wary of the sector, citing stocks' year-to-date rise and other factors. But it remains bullish on the industry longer term.
The S&P ends at a record closing level after President Donald Trump says he will ease export restrictions on U.S. companies doing business with China's Huawei Technologies.
There still appears to be plenty of interest among chip developers in further consolidation, and the easing of export restrictions on Huawei might make them less worried about Chinese regulators.
Applied Materials said Monday it will buy Kokusai Electric Corporation from private equity group KKR in a deal that values the Japan-based semiconductor device maker at around $2.2 billion.
As chip stocks gain nearly across the board following numbers from Micron that weren't exactly stellar, it's worth remembering how low valuations for many names had gotten.
3D printing ultimately will drive the made-to-order market of the future. Although there's few pure plays, one company is already using the technology to profit.
Though Micron is still reporting large revenue and memory price declines, its numbers and DRAM outlook were stronger than many feared.
Chip stocks in general are selling off following a downgrade that's arguably only bad news for certain parts of the sector.
Lam Research lead semiconductor stocks lower Wednesday after analysts at Evercore ISI cut their target price on the stock and warned that a global recovery in chip memory demand could be delayed until late next year.
This softness in energy pricing, though not good for the oil patch, and certainly a negative for the railroads, will help in two ways.
Let's dig into the charts and indicators.
The chipmaker's shares may well have priced in the absolute worst in earnings outlook already.
Global tech stocks were active Monday as investors re-set price expectations for major suppliers to Huawei Technologies, the world's biggest telecoms equipment maker, following last week's move by the Commerce Department to blacklist the China-backed group from doing business with the United States.
Global stocks edged higher Monday, although a surge in oil prices linked to tensions in the Gulf region kept investors cautious, as last week's move by the White House to remove tariffs on steel imports from Canada and Mexico added to optimism of a near-term breakthrough in trade talks with China.
Like other chip equipment makers, Applied is slogging through a rough 2019. But it outlined a case for better 2020 demand.
Shares of chipmaker move up in after-hours trading on better-than-expected revenue and earnings.
My better bet will remain on the cloud until the direction that global business has to move toward changes fundamentally.
U.S. stock futures are rising slightly after Donald Trump blacklists China's Huawei Technologies from doing business with the United States; Cisco Systems rises after third-quarter earnings beat estimates and the company issues a strong revenue forecast; Walmart, Nvidia, Pinterest and Applied Materials report earnings Thursday.
Jim Cramer says this market is influenced by tariffs and trade talks -- with the Federal Reserve and the economy playing second fiddle.
Jim Cramer takes a look at Applied Materials, HP, Lam Research, Schlumberger, PBF Energy, Targa Resources, Mallinckrodt and more.
Applied Materials revenue expected to fall 23.4% to $3.5 billion.
Applied Materials is expected to secure major memory wins, according to analysts at Susquehanna.
Following a big rally in recent months, KLA's shares are lower Tuesday after the company maintained a cautious view of near-term chip equipment demand.
As we have seen so far, in terms of market reaction, there is great reward at the point of sale in beating expectations.
As the banks and health care showed, when a group gets whacked with a measured downside target that gets tagged, buying opportunities follow.
Among the underlying components of the Russell 3000 index, we saw noteworthy options trading volume today in Applied Materials, Inc. , where a total of 37,584 contracts have traded so far, representing approximately 3.8 million underlying shares.
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