The indices are running into heavy resistance as they hit the levels we last saw in early December, but the bears that keep trying to catch a reversal are providing short-squeeze fuel.
With its console processor and PC GPU sales expected to drop this year, AMD's upbeat full-year guidance points to a strong PC and server CPU sales ramp.
The recent malaise in the chip industry is at least in part attributable to the enormous concentration of chip buying among the mega-cap tech names such as Amazon and Alphabet. Don't worry, though -- long term, it's good for chip stocks.
The most recent short interest data has been released for the 01/15/2019 settlement date, and we here at Dividend Channel like to sift through this fresh data and order the underlying components of the Nasdaq 100 by "days to cover." There are a number of ways to look at short data, for example the total number of shares short; but one metric that we find particularly useful is the "days to cover" metric because it considers both the total shares short and the average daily volume of shares typically traded. The number of shares short is then compared to the average daily volume, in order to calculate the total number of trading days it would take to close out all of the open short positions if every share traded represented a short position being closed.
As Apple preps video and news/magazine services for launch this year, a new report states the company is also thinking about launching a gaming service.
The chip stock surge at the week's end shines a light on just how pessimistic some investors had been as earnings multiples fell to rock-bottom levels last year.
Stocks rose by Friday's close, getting a boost from a number of strong corporate earnings reports even as investors continue to worry about a lack of progress in U.S.-China trade talks.
Intel shares were indicated sharply lower Friday after the chipmaker disappointed investors with weak fourth quarter revenues and a tepid profit outlook it said was linked to slowing demand in China.
Global stocks drifted higher again Friday, even as investors continue to worry about a lack of progress in U.S. China trade talks and digest further evidence of weakening economic growth, as corporate earnings continue to impress and central banks signal deepening support amid the slowdown.
U.S. stock futures rise Friday even as investors continue to worry about a lack of progress in U.S.-China trade talks; Intel slumps after the chipmaker issues weak first-quarter guidance; Starbucks beats estimates on the top and bottom lines; Facebook's Mark Zuckerberg defends the social media giant's data practices.