|Day Low/High||23.73 / 24.30|
|52 Wk Low/High||14.34 / 27.64|
Stocks end the last trading day of August mixed on Friday as declining consumer sentiment chips away at U.S.-China trade war optimism.
Marvell brushed off a light quarterly outlook, while Workday slumped in spite of raising its guidance. Valuations are a factor, but so are long-term expectations.
Huawei and the U.S.-China Trade Wars continue to weigh on many tech companies with Marvell being no exception.
Marvell isn't a quarter-to-quarter story and analysts are advising investors to treat it with longer-term targets in mind.
Marvell is having trouble moving forecasts as trade uncertainties temper optimism.
U.S. stock futures rise as Beijing and Washington appear willing to work toward resolving their ongoing trade battle; Marvell Technology and Ulta Beauty both lower guidance and their shares sink; Dorian strengthens to a Category 2 hurricane.
Industry conditions are expected to get tougher, leading to lower-than-expected third quarter revenue projections, but we believe earnings power over the next two years looks attractive.
SANTA CLARA, Calif., Aug.
The chipmaker beat on earnings and revenue for the second quarter, but gave a weaker-than-expected outlook for the third quarter.
- Q2 Revenue: $657 million
Reduce holdings on Marvell Technology, given warnings from daily and weekly charts. The stock is below its 50-day simple moving average at $24.95 and its weekly chart is negative.
Jeff fills in for Jim to discuss Burlington Stores earnings, preview the upcoming Marvell Technology Group quarter, and share his thoughts on recent Disney+ and Kohl's news.
U.S. stock futures jump after China says it won't immediately retaliate against the latest tariff increase on China-made goods announced by Donald Trump last week; the economic calendar Thursday includes the second estimate of second-quarter GDP; Dollar Tree, Dollar General and Best Buy report earnings.
Thomas Kingsbury makes his last earnings call as CEO of Burlington and Marvell Technology reports as it transforms away from the storage-end market to infrastructure.
We are selling a small number of Home Depot shares at what will be our highest price to date.
We will buy some shares of Goldman Sachs and Marvell Technology.
U.S. stock futures jump on Monday after Donald Trump says China contacted U.S. officials on Sunday and said 'let's get back to the table'; durable goods orders for July will be released Monday; Walt Disney and Target to create 'shop-in-shop' Disney stores at 25 Target locations.
A menu of stocks and associated price levels where we think a bit of nibbling and small buying is worth doing.
BMO Capital Markets initiates an Outperform rating for BP p.l.c. and Benchmark gives Marvell Technology Group a Buy rating -- both are stocks in our portfolio.
Markets were whipsawed this week by trade-war jitters and the U.S yield-curve inversion.
It's not really a boom or a bust, says Jim Cramer. The truth is we're muddling along. But it's hard to outrun the bond bears.
The latest numbers support the narrative of a strong U.S. consumer who is spending in spite of a global economic slowdown and recession warning signs.
We are staying the course, using bouts of panic to buy up the stocks of high-quality companies on discounts.
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