|Day Low/High||46.80 / 47.93|
|52 Wk Low/High||28.79 / 52.42|
Applied Materials executives decline to call the chip gear maker's fiscal third-quarter results the bottom of the current down cycle, citing the unsettled global economic environment.
Nvidia's second-quarter profits were well below its year-ago earnings but were nicely ahead of analyst expectations.
Gary Dickerson, president and CEO, in a statement called the results `solid' in a `market environment that remains challenging for the time being.'
Quarterly revenue of $3.56 billion GAAP EPS of $0.
Stocks to buy on this volatile global macro environment, and what needs to change to avoid a recession.
U.S. stock futures turned lower Thursday after China says it will retaliate if the U.S. applies tariffs to more China-made goods on Sept. 1; Cisco sinks after issuing a weak outlook for its fiscal first quarter.
The largest impediment to success for firms like TLRY -- which is expected to report a 27 cent loss per share Tuesday night -- remains federal legalization of marijuana across the U.S.
U.S. stock futures are lower as fears of a global recession weigh on investors amid uncertainty over the trade conflict between the U.S. and China; Goldman Sachs doesn't see a trade deal between the world's two largest economies before the U.S. presidential election in 2020; Walmart, Cisco and Nvidia report earnings this week.
And as the semiconductor sector continues to shine, Brooks Automation is a name to keep in mind.
Basically, the key to it all? Listen to Lam Research's earnings call July 31.
SANTA CLARA, Calif., July 24, 2019 (GLOBE NEWSWIRE) -- Applied Materials, Inc.
Also, defense industry names can breathe easier with word of debt ceiling and federal spending deal.
Goldman Sachs analyst Toshiya Hari turns bullish on the semiconductor capital equipment sector that is headed by Applied Materials, Lam Research and KLA.
The chip manufacturing giant issued upbeat Q3 sales guidance and forecast this year's capital spending will be at the high end of a prior guidance range.
SANTA CLARA, Calif., July 09, 2019 (GLOBE NEWSWIRE) -- Applied Materials, Inc.
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.
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