Markets have a case of the earnings season “nerves” today
As of 1 p.m. New York time the Standard & Poor's 500 is down 1.88% and the Dow Jones Industrial Average is off 2.14%. The NASDSQ Composite is lower by 0.79% and the Russell 2000 small cap index has tumbled 2.80%. The iShares MSCI Emerging Markets ETF (EEM) has...
Making Qualcomm my fourth bottom fishing pick in my Special Report
Shares of Qualcomm (QCOM) ended trading today at $73.16 in the regular session, down 2.21%, and then fell another 4.76% in the after-hours session to $69.68. The stock traded at a 2019 high of $89.29, so today's price represents a 22% drop from this year's high. The...
Bonus Special Report: My Five Picks for Bottom Fishing
I've finished my Special Report 5 Value Picks for a Market at Record Highs. (The five picks, for the record were Disney (DIS), DuPont (DD), Constellation Brands (STZ), China Mobile (CHL), and Tyson Foods (TSN). You can find this special report with information on each...
China is working on its own black list in retaliation for U.S. ban on Huawei
The U.S. has required that Chinese telecom giant Huawei get a waiver before it can buy any U.S. technology, such as chips from Qualcomm (QCOM) and Broadcom (AVGO). And the U.S. government has threatened to slap those same restrictions on five Chinese companies that...
Down yesterday, up today–traders buy the chip stocks they sold yesterday on Huawei headlines
Stocks--especially chip stocks--have rallied strongly today on headlines saying that the Department of Commerce has granted a 90-day license for U.S. companies to do business with China's Huawei Technologies in order to service existing networks. This is especially...
Chipmakers begin to cut supplies for China’s Huawei and lead U.S. stocks down today
Call it a secondary effect of the U.S.-China trade war but it's still clearly taking a bite out of the shares of U.S. chip makers today. Last week the Trump administration added sanctions on China's Huawei Technologies that would prevent the company from buying U.S....
China warns that U.S. sanctions against Huawei could endanger trade talks
 It's not even remotely a surprise. A day after the Trump administration declared a national emergency in order to product U.S. telecommunications for foreign antagonists--with a clear eye on China and Chinese companies such as Huawei--the Chinese government has...
Why did Apple settle with Qualcomm now? Can you say 5G?
Why did Apple settle a dispute that had dragged on for two years with Qualcomm now?How about because troubles at Intel threatened to leave Apple without the 5G modem chips it needed for a new 5G iPhone?
Trump administration tees up next tariffs on $200 billion in Chinese goods
The Trump administration has released a new list of $200 billion in Chinese goods that would be subject to higher tariffs as promised in retaliation for Chinese tariffs in retaliation for earlier U.S. tariffs. The new tariffs won't go into effect until the end of...
Notes You Need for June 14: Initial claims for unemployment, airline fares, QCOM server chips, Intel iPhone chips, retail sales, Amazon in Brazil, El Nino
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Notes You Need for May 9: Qualcomm quits, Iran fallout, WMT and FlipKart, whole sale inflation, Treasury auction, California roof top solar
In my daily trawling through the market I come upon lots of tidbits of knowledge that I think are important to investors but that don’t justify a full post. I’ve decided to start compiling these notes here each day in a kind of running mini blog that I’m calling Notes You Need. A representative item will look like the from today: “10:20 a.m.: Bloomberg has reported that Qualcomm (QCOM) is considering exiting the market for server chips. Qualcomm started production shipments of its ARM-based 48-core Centriq 2400 server processors only last November. A Qualcomm retreat would be good news for Intel (INTC) and its 50% margins on its server chips with their $5 billion a quarter revenue rate.”
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