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To: Return to Sender who wrote (71397)	4/13/2016 5:23:59 PM
From: Return to Sender	5 Recommendations Recommended By Donald Wennerstrom Gottfried Sam Sr K The Ox Respond to of 95335

The S&P 500 certainly is doing a great impersonation of a cup and handle starting to break out! Maybe it's for real??? RtS

To: Return to Sender who wrote (71397)	3/1/2017 6:01:40 PM
From: Return to Sender	1 Recommendation Recommended By Donald Wennerstrom Respond to of 95335

From Briefing.com: 4:05 pm Broadcom beats by $0.15, beats on revs; guides Q2 revs above consensus ( AVGO) : Reports Q1 (Jan) earnings of $3.63 per share, excluding non-recurring items, $0.15 better than the Capital IQ Consensus of $3.48; revenues rose 132.8% year/year to $4.15 bln vs the $4.08 bln Capital IQ Consensus. Gross margin from continuing operations was $2,590 million, or 62.4 percent of net revenue. This compares with gross margin of $2,522 million, or 60.8 percent of net revenue, in the prior quarter, and gross margin of $1,089 million, or 61.1 percent of net revenue, in the same quarter last year. Co issues upside guidance for Q2, sees Q2 revs of $4.025-4.175 bln vs. $3.9 bln Capital IQ Consensus Estimate; non-GAAP gross margin 61-63%. 4:23 pm Closing Market Summary: Stocks Dash to New Record Highs Following Trump Address (:WRAPX) : President Trump's first address to Congress appeared to be a hit, at least among investors, as traders confidently pushed the major averages to fresh record highs on Wednesday. The Dow (+1.5%) finished just slightly ahead of the benchmark S&P 500 (+1.4%) and the Nasdaq (+1.4%), while the small-cap Russell 2000 (+1.9%) outperformed. It wasn't necessarily 'what' Mr. Trump said on Tuesday evening that fueled investors' confidence, it was 'how' he said it. The new president looked, well, 'presidential', a good sign that his controversial style can be toned-down when need be. More importantly, he showed investors that he is committed to getting his pro-growth promises through Congress, even if it means a little compromise. Financials (+2.8%) led the day's advance, a role that the sector has taken frequently in the stock market's post-election rally. The financial space is now higher by 26.0% since the presidential election on November 8 and currently hovers at its highest level in over a decade. The Treasury market aided financials in their advance as unevenly distributed selling pressure steepened the yield curve. Treasuries closed lower across the board but the 2-yr Treasury note held up relatively well compared to its peers. The 2-yr yield finished two basis points higher at 1.29% while the 10-yr yield closed higher by six basis points at 2.46%. Selling pressure plagued U.S. Treasuries after hawkish comments from New York Fed President Dudley (FOMC voter) on Tuesday evening. Mr. Dudley got investors seriously thinking about the possibility of a March rate hike, saying the case for increasing interest rates has become "a lot more compelling." The fed funds futures market now points to March as an increasingly likely time for the next rate hike to be announced with an implied probability of 66.4%, spiking from yesterday's reading of 35.4%. Just behind the financial space at the top of today's leaderboard was the energy sector (+2.1%), which finished Wednesday substantially higher despite a downtick in crude oil. The energy component closed 0.4% lower at $53.82/bbl, squandering its early modest gain following the latest EIA crude inventory report, which showed a build of 1.5 million barrels. Conversely, the consumer discretionary (+1.0%) and the consumer staples (+0.4%) sectors failed to keep pace with the broader market amid a downtick in retailers. Best Buy (BBY 42.14, -1.99), Ross Stores (ROST 66.80, -1.78), and American Eagle Outfitters (AEO 14.34, -1.51) all reported their earnings between yesterday's close and today's open, but the reactions were generally negative after all three companies issued some form of disappointing guidance. However, the SPDR S&P 500 Retail ETF's (XRT 42.89, -0.04) loss was capped thanks in part to a positive performance from Lowe's (LOW 81.45, +7.08). The company spiked 9.5% after reporting better than expected earnings and revenues in addition to issuing upbeat guidance. On the downside, the rate-sensitive utilities (-1.0%) and real estate (-0.3%) sectors were the only two groups to finish Wednesday in the red. The spaces slipped in reaction to today's uptick in interest rates. Also of note, the Wall Street Journal reported late this afternoon that Snap, the parent company of the popular messaging app Snapchat, will be priced in its IPO at $17.00/share. The company will begin trading on the New York Stock Exchange tomorrow morning under the ticker 'SNAP'. Today's economic data included January Personal Income, February ISM Index, January Construction Spending, and the MBA Mortgage Applications Index: January personal income rose 0.4%, which is in line with the Briefing.com consensus. Meanwhile, January personal spending increased 0.2% while the Briefing.com consensus expected a reading of 0.3%. The December Personal Spending and Personal Income readings were both left unrevised at 0.5% and 0.3%, respectively. Core PCE prices for January rose 0.3% (Briefing.com consensus 0.2%). The December reading was left unrevised at 0.1%.The sticking point with this report is twofold: (1) Real PCE declined 0.3%, led by a 0.3% decline in goods spending and a 0.2% decline in spending on services. That is going to be a negative input for Q1 GDP forecasts; and (2) The PCE Price Index was up 1.9% year-over-year, which leaves it tracking toward, and very close to, the Fed's longer-run inflation target of 2.0%, which is to say it seems to satisfy the argument of any Fed official aiming to raise the policy rate at the March meeting (the core PCE Price Index was up 1.7% year-over-year, unchanged from December).The ISM Index for February rose to 57.7 from an unrevised reading of 56.0 in January while the Briefing.com consensus expected an uptick to 56.1.The key takeaway from the report is that manufacturing purchasing managers are feeling better about business prospects based in large part on the faster growth they are seeing in new orders.The Construction Spending report for January showed a 1.0% decrease while the Briefing.com consensus expected an increase of 0.6%. The prior month's reading was revised to +0.1% from -0.2%.The key takeaway from the report is that the decline in January was driven by public construction spending. The weekly MBA Mortgage Applications Index, which was released earlier this morning, increased 5.8% to follow last week's 2.0% downtick. Additionally, the Fed's Beige Book for March indicated that the economy expanded at a modest to moderate pace from early January through mid-February. The report also showed that business were generally optimistic about the near-term outlook but to a somewhat lesser degree than in the prior report. On Thursday, investors will receive February Challenger Job Cuts at 7:30 ET and the weekly Initial Claims report at 8:30 ET. Nasdaq Composite +9.7% YTD S&P 500 +7.0% YTD Dow Jones Industrial Average +6.9% YTD Russell 2000 +4.2% YTD

To: Return to Sender who wrote (71397)	8/8/2017 6:15:04 PM
From: Return to Sender	1 Recommendation Recommended By Donald Wennerstrom Read Replies (1) \| Respond to of 95335

Heightened North Korea Tensions Weigh 08-Aug-17 16:30 ET Dow -33.08 at 22085.34, Nasdaq -13.31 at 6370.44, S&P -5.99 at 2474.88 briefing.com [BRIEFING.COM] Wall Street went on a bit of a roller coaster ride on Tuesday as equities climbed to new record highs in the morning only to drop into the red in the late afternoon. The Dow broke its streak of nine consecutive record-high closes, ending the session lower by 0.2%. The S&P 500 (-0.2%) and the Nasdaq (-0.2%) finished in line with the industrial average. The major averages opened Tuesday's session with modest losses, but quickly entered into a slow and steady climb that carried into the afternoon. At its peak, the S&P 500 held a gain of 0.4%. However, shortly after hitting said peak, the benchmark index started moving back towards its flat line as the heavily-weighted financial sector, which led the morning rally, hit a wave of selling pressure. Selling began shortly after the Washington Post reported that North Korea has successfully produced a miniaturized nuclear warhead that can fit inside its missiles. However, the aforementioned move lower was more likely technical in nature considering it was led by the financial sector, which sharply reversed its slow and steady upward trend right at the 424.00 mark. At its best mark of the day (423.99), the financial space held a gain of 0.9%, but, in the end, the sector settled lower by 0.2%. After retreating to their flat lines, the major averages then hit another wave of selling pressure, this one dragging them into negative territory, in the late afternoon after President Trump warned that North Korea will be "met with fire and fury like the world has never seen" if it continues to threaten nuclear action against the United States. Investors have had a muted response to each of Pyongyang's 11 ballistic missile tests this year, but today's strong statement from Mr. Trump clearly upped the ante a bit. Still, today's move was very minor in the grand scheme of things and comes at a time when many investors are looking for an excuse to sell as equities hover at all-time highs. The lightly-weighted utilities sector (+0.3%) was the only space to finish today's session in positive territory. The ten remaining groups settled with losses ranging from less than 0.1% to 0.9%. Apple (AAPL 160.08, +1.27)--the largest component in the S&P 500 by market cap--put together a solid performance, helping the top-weighted technology sector (-0.1%) settle ahead of the broader market. The tech group held the top spot on today's leaderboard for much of the session, but slipped with the broader market in its late-afternoon slide. AAPL shares added 0.8% and closed at an all-time high. On the earnings front, Michael Kors (KORS 42.25, +8.02) and Ralph Lauren (RL 88.53, +10.38) surged 21.5% and 13.3%, respectively, after both companies reported better than expected earnings. In addition, Michael Kors beat top-line estimates and issued above-consensus guidance. However, the SPDR S&P 500 Retail ETF (XRT 41.11, -0.22) still finished lower by 0.5%. Treasuries moved lower in a curve-steepening trade, leaving the 2-yr yield (1.36%) and the 10-yr yield (2.28%) higher by one basis point and three basis points, respectively. Meanwhile, the U.S. Dollar Index (93.52, +0.22) climbed 0.2% and crude oil dropped 0.6% to $49.09/bbl. Reviewing today's economic data, which was limited to the Job Openings and Labor Turnover Survey (JOLTS) for June: The June Job Openings and Labor Turnover Survey showed that job openings increased to 6.163 million from a revised 5.702 million (from 5.666 million) in May. On Wednesday, investors will receive several economic reports, including the weekly MBA Mortgage Applications Index at 7:00 ET, second quarter Productivity (Briefing.com consensus +0.5%) and Unit Labor Costs (Briefing.com consensus +1.5%) at 8:30 ET, and June Wholesale Inventories (Briefing.com consensus +0.6%) at 10:00 ET. Nasdaq Composite +18.3% YTD Dow Jones Industrial Average +11.8% YTD S&P 500 +10.6% YTD Russell 2000 +3.9% YTD

To: Return to Sender who wrote (71397)	11/1/2018 5:23:25 PM
From: Return to Sender	2 Recommendations Recommended By Donald Wennerstrom Gottfried Read Replies (2) \| Respond to of 95335

Favorable Trade-Related Tweet Sends Stocks Higher 01-Nov-18 16:30 ET Dow +264.98 at 25380.74, Nasdaq +128.16 at 7434.25, S&P +28.63 at 2740.51 briefing.com [BRIEFING.COM] The S&P 500 added 1.1% for a third straight day of gains on Thursday, as a favorable trade-related tweet by U.S. President Trump lifted stocks from their early downtrend. The benchmark index briefly turned negative in the early going before comfortably trading in positive territory for most of the session. The Dow Jones Industrial Average gained 1.1%, the Nasdaq Composite gained 1.8%, and the Russell 2000 outperformed with a gain of 2.2%. U.S. President Trump tweeted that he had a "long and very good conversation" with China's President Xi, adding that discussions have been moving along nicely with meetings being scheduled at the upcoming G-20 summit in Argentina. According to a Reuters report, China President Xi confirmed he spoke with President Trump over the phone, expressing his willingness to meet with Mr. Trump at the G-20 summit, hopeful for a stable relationship with the U.S. Cyclical sectors took the news in stride, as the materials (+3.0%), consumer discretionary (+2.2%), and industrial (+1.7%) groups finished atop the sector standings. The lightly-weighted materials sector was also largely helped by its top-weighted component, DowDuPont (DWDP 58.27, +4.35, +8.1%), beating earnings estimates. Similarly, chipmakers had a noteworthy performance with the Philadelphia Semiconductor Index jumping 4.6%. The index was pummeled in last month's sell-off, though it has leaped over 10% since its Monday close. Outperformers within the group were Advanced Micro (AMD 20.22, +2.01, +11.0%), On Semiconductor (ON 18.40, +1.40, +8.2%), and Micron (MU 40.12, +2.40, +6.4%). On the other hand, the utilities (-0.5%) and communication services (+0.1%) sectors greatly underperformed the broader market. The communication services sector was weighed down by underwhelming performances from Alphabet (GOOG 1070.00, -6.77, -0.6%), AT&T (T 30.49, -0.19, -0.6%), and Verizon (VZ 56.05, -1.04, -1.8%). On a related note, employees at Google staged an office-wide walkout to protest the company's handling of sexual misconduct. In other earnings, music streaming platform Spotify (SPOT 141.16, -8.53) lost 5.7% after it reported a Q3 operating loss above guidance. The company also slightly lowered its fourth quarter monthly active user (MAU) and premium subscriber guidance, which did not bode well for a stock trading in a very competitive space. Also, e-commerce home decor store Wayfair (W 96.16, -14.15) disappointed investors with a loss of 12.8% after it reported significantly lower-than-expected revenue. The good news for investors, however, is that demand remained strong, and Wayfair upheld Q4 revenue to be in-line with consensus. Separately, U.S. Treasuries ticked higher on Thursday, pushing the 2-yr yield down four basis points to 2.84% and the 10-yr yield down two basis points to 3.14%. The slight flattening of the yield curve kept gains in check for the rate-sensitive financials sector (+0.5%), as lenders depend on the difference between what they pay for deposits and what they earn on loans. Overseas, the Bank of England unanimously voted to leave rates unchanged at 0.75% as expected on Thursday. Additionally, the central bank lowered its growth forecasts for 2018 and 2019 by 0.1% in each year to 1.3% and 1.7%, respectively. In Asia, major indices finished mostly higher, with Hong Kong's Hang Seng outperforming with a gain of 1.8%. China's Shanghai Composite ticked 0.1% higher. Reviewing Thursday's batch of economic data, which included the October ISM Manufacturing Index, the preliminary Q3 Nonfarm Productivity and Unit Labor Costs report, the weekly Initial and Continuing Claims report, and the September Construction Spending report: The ISM Manufacturing Index for October checked in at 57.7% (Briefing.com consensus 59.0%) versus 59.8% in September. It is important to note that the September reading was close to an 18-year high. The key takeaway from the report is that the pullback is most likely a natural slowing of activity following what has been an impressive acceleration in manufacturing activity on a national level. That point notwithstanding, the deceleration in what has been one of the hottest sectors will feed into the peak-growth narrative that has been prominent of late. Third quarter productivity increased 2.2% (Briefing.com consensus 2.1%) on the heels of an upwardly revised 3.0% (from 2.9%) in the second quarter. Unit labor costs rose 1.2% (Briefing.com consensus 1.1%) following a downwardly revised 1.1% decline (from -1.0%) in the second quarter. The key takeaway from the report is that productivity is picking up. The third quarter increase was double the prior 10-quarter average increase of 1.1%. Faster productivity is a springboard for a better standard of living. Initial claims for the week ending October 27 decreased by 2,000 to 214,000 (Briefing.com consensus 213,000). Continuing claims for the week ending October 20 decreased by 7,000 to 1.631 million, which is the lowest level since July 28, 1973. The key takeaway from the report is that the low level of initial and continuing claims remains indicative of a tight labor market. Total construction spending in September was little changed from August (Briefing.com consensus +0.2%) following an upwardly revised 0.8% increase (from +0.1%) in August. The key takeaway from the report is the recognition that there was no growth in public construction spending in September. Looking ahead, investors will receive the Employment Situation report for October, the Trade Balance for September, and Factory Orders for September. Nasdaq Composite +7.7% YTD Dow Jones Industrial Average +2.7% YTD S&P 500 +2.5% YTD Russell 2000 +0.6% YTD

To: Return to Sender who wrote (71397)

8/24/2021 4:57:57 PM

From: Return to Sender

2 Recommendations

Recommended By
oldbeachlvr
Sr K

Respond to of 95335

Market Snapshot

briefing.com

Dow	35366.26	+30.55	(0.09%)
Nasdaq	15019.78	+77.15	(0.52%)
SP 500	4486.23	+6.70	(0.15%)
10-yr Note	-1/32	1.267

NYSE	Adv 2218	Dec 1028	Vol 781.2 mln
Nasdaq	Adv 2844	Dec 1611	Vol 3.8 bln

Industry Watch

Strong: Energy, Financials, Materials, Industrials, Consumer Discretionary

Weak: Health Care, Utilities, Consumer Staples, Real Estate, Information Technology

Moving the Market

-- S&P 500 and Nasdaq drift further into record territory

-- Cyclical sectors outperformed the defensive-oriented sectors

-- Positive earnings reports, better-than-expected new home sales report for July

-- Increased risk-taking activity

S&P 500 and Nasdaq drift further into record territory
24-Aug-21 16:20 ET

Dow +30.55 at 35366.26, Nasdaq +77.15 at 15019.78, S&P +6.70 at 4486.23
[BRIEFING.COM] The S&P 500 (+0.2%) and Nasdaq Composite (+0.5%) rose modestly on Tuesday, setting intraday and closing record highs in a tame session. The Nasdaq topped the 15,000 level for the first time ever while the S&P 500 flirted with the 4,500 level.

The Dow Jones Industrial Average increased just 0.1%. The Russell 2000 outperformed its large-cap peers with a 1.0% gain.

Risk sentiment seemed to draw support from several factors, including upbeat earnings news, better-than-expected new home sales data for July, decent rebound gains in Chinese technology stocks, and yesterday's reports that the Delta variant could be peaking in the U.S.

Despite the relative strength of the Nasdaq, there was a pro-cyclical disposition: The S&P 500 energy (+1.6%), consumer discretionary (+0.8%), materials (+0.7%), financials (+0.7%), and industrials (+0.5%) sectors finished atop the sector standings. Energy stocks derived their strength from the continued rebound in oil prices ($67.50, +1.90, +2.9%)

Conversely, the consumer staples (-0.8%), real estate (-0.7%), utilities (-0.6%), and health care (-0.3%) sectors closed lower for the second straight day. The information technology sector (-0.1%) was pinned down by softness in Apple (AAPL 149.62, -0.09, -0.1%) and Microsoft (MSFT 302.62, -2.03, -0.7%).

The underperformance of the defensive-oriented sectors coincided with increased risk-taking activity. For example, shares of GameStop (GME 210.29, +45.40, +27.5%) and AMC Entertainment (AMC 44.26, +7.48, +20.3%) rose more than 20.0% in the afternoon on no specific news.

Separately, Best Buy (BBY 121.49, +9.33, +8.3%), Palo Alto Networks (PANW 441.87, +69.30, +18.6%), and Medtronic (MDT 132.57, +4.09, +3.2%) were some of the earnings-related gainers. Alibaba (BABA 171.70, +10.64, +6.6%) and JD.com (JD 75.22, +9.49, +14.4%) were two Chinese stocks that saw some much-needed relief.

Unlike yesterday, longer-dated Treasury yields increased in sympathy with the cyclical bias. The 10-yr yield rose four basis points to 1.29% while the 2-yr yield slipped one basis point to 0.22% following a strong $60 bln 2-yr note auction. The U.S. Dollar Index decreased 0.2% to 92.88.

Reviewing Tuesday's economic data:

New home sales increased 1.0% month-over-month in July to a seasonally adjusted annual rate of 708,000 (Briefing.com consensus 700,000) from an upwardly revised 701,000 (from 676,000) in June. On a yr/yr basis, which encompasses a tough pandemic comparison period, new home sales were down 27.2%.
- In economic data:
  - The key takeaway from the report is that new home sales, which are counted when contracts are signed, are being squeezed by cost constraints that are making it less enticing for builders to build lower-priced homes and by affordability pressures that are making it more challenging for prospective buyers to buy higher-priced homes.

Looking ahead, investors will receive Durable Goods Orders for July and the weekly MBA Mortgage Applications Index on Wednesday.

S&P 500 +19.4% YTD
Nasdaq Composite +16.5% YTD
Dow Jones Industrial Average +15.6% YTD
Russell 2000 +13.0% YTD

Crude futures add to rebound gains
24-Aug-21 15:30 ET

Dow +74.22 at 35409.93, Nasdaq +90.59 at 15033.22, S&P +12.57 at 4492.10
[BRIEFING.COM] The S&P 500 is up 0.3% and is on track to close at a record high. One last look at the sector standing shows a divide between the cyclical and counter-cyclical sectors.

The energy (+1.8%), consumer discretionary (+1.0%), financials (+0.8%), materials (+0.8%), and industrials (+0.6%) are outperforming in positive territory, while the consumer staples (-0.7%), real estate (-0.6%), utilities (-0.5%), and health care (-0.2%) sectors trade lower.

WTI crude futures settled higher by 2.9%, or $1.90, to $67.50 per barrel.

To: Return to Sender who wrote (71397)	4/15/2022 4:10:59 PM
From: Return to Sender	2 Recommendations Recommended By kckip Sam Respond to of 95335

Major Market Indices on 6 Month Daily Charts versus the VIX (Fear Index) - Also included are the SOX/SMH and BKX because they are so important to the overall direction of the market. RSI (14) over 70 is overbought. Under 30 is oversold. Fear will generally be low while the market is moving steadily higher. Large spikes in the VIX often correspond with market bottoms. <img src=''http://stockcharts.com/c-sc/sc?s=IWM&p=D&yr=0&mn=6&dy=0&i=p29027227161&a=1144071362&r=1650052827511''> <img src=''http://stockcharts.com/c-sc/sc?s=%24BKX&p=D&yr=0&mn=6&dy=0&i=p56308440909&a=310900848&r=1650053374369''> <img src=''http://stockcharts.com/c-sc/sc?s=IWM&p=D&yr=0&mn=6&dy=0&i=p29027227161&a=1144071362&r=1650052827511''> <img src=''http://stockcharts.com/c-sc/sc?s=IWM%3A%24SPX&p=D&yr=0&mn=6&dy=0&i=t8476769366c&r=1650053043125''> RtS

To: Return to Sender who wrote (71397)	4/15/2022 4:14:35 PM
From: Return to Sender	Read Replies (1) \| Respond to of 95335

Major Market Indices on 6 Month Daily Charts versus the VIX (Fear Index) - Also included are the SOX/SMH and BKX because they are so important to the overall direction of the market. RSI (14) over 70 is overbought. Under 30 is oversold. Fear will generally be low while the market is moving steadily higher. Large spikes in the VIX often correspond with market bottoms. RtS

To: Return to Sender who wrote (71397)	2/8/2023 2:41:39 PM
From: Return to Sender	Respond to of 95335

Good Afternoon, As shown below, a lot of green bars are showing up on the price chart for SPY (the S&P 500-tracking ETF) lately: A green bar on a daily candlestick price chart means that price closed higher than where it opened that day. It's indicative of intraday strength. For SPY -- a proxy for the US stock market -- we have seen intraday buying (gains from the open to the close) on 12 of the last 13 trading days leading up to today. Below is a logarithmic price chart of SPY since it began trading in 1993 with red dots shown where it has historically *been up on an intraday basis on at least 12 of the prior 13 trading days. It hasn't happened a lot. In total, there have only been 7 prior periods where SPY has been up intraday on at least 12 of the prior 13 trading days, with the most recent stretch making it 8. Only once have we seen 13 consecutive trading days of intraday gains, and that happened back in April 2021. When looking at the chart, it stands out to us where these long stretches of "green bars" DIDN'T occur -- during bear markets! As always, past performance is not a guarantee of future results.* Elevate your investment game! Upgrade to Bespoke's paid service and gain access to even more comprehensive analysis, expert insights, and valuable information. Our paid service is for investors who want to stay ahead of the game and make well-informed decisions. You'll get more in-depth market analysis, the latest news, and a broader perspective on the world of finance. Bespoke's goal is to help you take your investment skills to the next level. Get started now with a one-month trial.

To: Return to Sender who wrote (71397)	4/20/2023 9:06:41 AM
From: Return to Sender	2 Recommendations Recommended By Sam Sun Tzu Read Replies (1) \| Respond to of 95335

Lam Research (LRCX) Receives a Hold from Bernstein Lam Research (LRCX) Receives a Hold from Bernstein - TipRanks.com In a report released today, Stacy Rasgon from Bernstein maintained a Hold rating on Lam Research ( LRCX – Research Report), with a price target of $500.00. The company’s shares closed yesterday at $491.02. According to TipRanks, Rasgon is a 4-star analyst with an average return of 9.8% and a 58.05% success rate. Rasgon covers the Technology sector, focusing on stocks such as Nvidia, Intel, and Qualcomm. In addition to Bernstein, Lam Research also received a Hold from Barclays’s Blayne Curtis in a report issued today. However, yesterday, Evercore ISI upgraded Lam Research (NASDAQ: LRCX) to a Buy. See the top stocks recommended by analysts >> Based on Lam Research’s latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of $5.28 billion and a net profit of $1.47 billion. In comparison, last year the company earned a revenue of $4.23 billion and had a net profit of $1.19 billion Always a good sign that things are as bad as they can get when a stock rises despite downgrades! RtS

To: Return to Sender who wrote (71397)	8/1/2023 4:32:02 PM
From: Return to Sender	1 Recommendation Recommended By Sam Respond to of 95335

Advanced Micro beats by $0.01, reports revs in-line; guides Q3 revs in-line 4:22 PM ET 8/1/23 \| Briefing.com Reports Q2 (Jun) earnings of $0.58 per share, excluding non-recurring items, $0.01 better than the FactSet Consensus of $0.57; revenues fell 18.2% year/year to $5.36 bln vs the $5.32 bln FactSet Consensus.Co reports Q2 non-GAAP gross margin of 50%, in-line with prior guidance of approx 50%; and vs 54% last year.Data Center segment revenue was $1.3 billion, down 11% year-over-year primarily due to lower 3rd Gen EPYC processor sales as Enterprise demand was soft and Cloud inventory levels were elevated at some customers. Client segment revenue was $998 million, down 54% year-over-year due to reduced processor shipments resulting from a weaker PC market and a significant inventory correction across the PC supply chain. Gaming segment revenue was $1.6 billion, down 4% year-over-year. Semi-custom revenue grew year-over-year, which was more than offset by lower gaming graphics revenue. Revenue declined 10% sequentially primarily due to lower gaming graphics sales. Embedded segment revenue was $1.5 billion, up 16% year-over-year primarily driven by strength in the Industrial, Vision and Healthcare, Automotive and Test and Emulation markets. Co issues in-line guidance for Q3, sees Q3 revs of $5.40-6.00 bln vs. $5.82 bln FactSet Consensus. Co guides to Q3 non-GAAP gross margin of approx 51%.Q3 segment guidance: Co expects Data Center and Client segment revenues to each grow by a double-digit percentage sequentially driven by increasing demand for EPYC and Ryzen processors, partially offset by Gaming and Embedded segment declines. AMD trading Nicely Higher Prior to their conference call on AI Hype. I'm okay with that! RtS