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Non-Tech : Kirk's Market Thoughts -- Ignore unavailable to you. Want to Upgrade?

To: Gottfried who wrote (4877)	8/11/2017 9:55:56 AM
From: Kirk ©	1 Recommendation Recommended By Return to Sender Read Replies (1) \| Respond to of 26710

Hmmm.... something to keep an eye on. I wonder why their revenues were down? Did some big customer move to Samsung or another competitor? TSMC July revenues fall to 3-month low Taiwan Semiconductor Manufacturing Company (TSMC) saw its July revenues fall to a three-month low of NT$71.61 billion (US$2.36 billion). TSMC's revenues for July 2017 represented decreases of 14.9% sequentially and 6.3% on year. Revenues for the first seven months of the year totaled NT$519.38 billion, rising 3.5% from the same period in 2016. Market watchers expect TSMC to see revenues pick up starting August, driven by shipments for 10nm products. Shipments of TSMC's 10nm chips are set to boom starting the third quarter of 2017, company co-CEO CC Wei said at an investors meeting in mid-July. The foundry expects 10nm as a ratio of company revenues to reach 10% in the third quarter, up from only 1% in the second quarter. TSMC expects to post revenues of between US$8.12 billion and US$8.22 billion in the third quarter, up nearly 16% on quarter. For all of 2017, the foundry forecast revenues will increase 5-10% from the record high of NT$947.94 billion set in 2016.

To: Gottfried who wrote (4877)

9/22/2017 10:29:33 AM

From: Kirk ©

1 Recommendation

Recommended By
Gottfried

Respond to of 26710

Billings are down sequentially but still up 27.7% Y/Y. Of course, often the sector tops out when Y/Y numbers are still rising while ST growth falls.

LRCX and AMAT are up this AM so two quarters of lower billings doesn't seem to have phased investors... yet, unless they fail to make a new high as they are both down a bit off their record highs.

North American Semiconductor Equipment Industry Posts August 2017 Billings

MILPITAS, Calif. — September 21, 2017 — North America-based manufacturers of semiconductor equipment posted $2.18 billion in billings worldwide in August 2017 (three-month average basis), according to the August Equipment Market Data Subscription (EMDS) Billings Report published today by SEMI.

SEMI reports that the three-month average of worldwide billings of North American equipment manufacturers in August 2017 was $2.18 billion. The billings figure is 3.9 percent lower than the final July 2017 level of $2.27 billion, and is 27.7 percent higher than the August 2016 billings level of $1.71 billion.

“Equipment billings in August declined relative to July, signaling a pause in this year's extraordinary growth," said Ajit Manocha, president and CEO of SEMI. “Nonetheless monthly billings remain well above last year's monthly levels."

The SEMI Billings report uses three-month moving averages of worldwide billings for North American-based semiconductor equipment manufacturers. Billings figures are in millions of U.S. dollars.

	Billings (3-mo. avg)	Year-Over-Year
March 2017	$2,079.7	73.7%
April 2017	$2,136.4	46.3%
May 2017	$2,270.5	41.8%
June 2017	$2,300.3	34.1%
July 2017 (final)	$2,269.7	32.9%
August 2017 (prelim)	$2,181.8	27.7%

Source: SEMI ( www.semi.org), September 2017

SEMI publishes a monthly North American Billings report and issues the Worldwide Semiconductor Equipment Market Statistics (WWSEMS) report in collaboration with the Semiconductor Equipment Association of Japan (SEAJ). The WWSEMS report currently reports billings by 24 equipment segments and by seven end market regions. SEMI also has a long history of tracking semiconductor industry fab investments in detail on a company-by-company and fab-by-fab basis in its World Fab Forecast and SEMI FabView databases. These powerful tools provide access to spending forecasts, capacity ramp, technology transitions, and other information for over 1,000 fabs worldwide. For an overview of available SEMI market data, please visit www.semi.org/en/MarketInfo.

The data contained in this release were compiled by David Powell, Inc., an independent financial services firm, without audit, from data submitted directly by the participants. SEMI and David Powell, Inc. assume no responsibility for the accuracy of the underlying data.

http://www.semi.org/en/north-american-semiconductor-equipment-industry-posts-august-2017-billings

To: Gottfried who wrote (4877)

10/3/2017 9:55:04 AM

From: Kirk ©

1 Recommendation

Recommended By
Gottfried

Read Replies (2) | Respond to of 26710

Interesting that Louis Navellier has MU as a "favorite stock" but doesn't own it..... except for clients.

from today's email to convince me to pay for money management....

October 3, 2017

By Louis Navellier

All content in this introduction to Marketmail represents the opinion of Louis Navellier of Navellier & Associates, Inc.

Tech Stocks Sag Then Recover Strongly

The S&P 500 reached another all-time high last Friday, closing September up nearly 2% (and +12.5% for the year-to-date). However, last week began with another market scare. On Monday, there was a serious correction in technology stocks and a big rotation into crude oil as well as cyclical stocks. Fortunately, many of the more fundamentally sound tech stocks subsequently rebounded impressively after Monday's "tech wreck." The best news is that money isn't leaving the stock market; instead it is being reshuffled. For three straight weeks, dividend stocks have been performing well. This surge in dividend stocks is a good omen, since it means that the foundation under the latest bull market surge remains very solid.

One of my favorite tech stocks, Micron Technology (MU), posted better than expected quarterly sales (a 3% surprise) and earnings (a 9.8% surprise) after the market closed on Tuesday. The company also raised both its current quarter's sales and earnings guidance well above previous analyst estimates. As a result, on Wednesday, Micron Technology led the entire technology sector higher, erasing memories of Monday.

Moving into October, I expect wave after wave of similar sales and earnings surprises to propel select technology stocks higher, especially after October 15, when third-quarter earnings announcement season commences. In addition, October marks the start of the seasonally strongest time of the year. Last week's monthly seasonality report from Bespoke Investment Group ("October Seasonality," September 28, 2017) shows that October, November, and December have been the #2, #3, and #5 best months for the DJIA over the last 20 years. Over the last 20 years, the Dow Jones Industrial Average has gained an average of just 1.32% in the first nine months of the year, but then it delivered a 5.46% average gain in the fourth quarter.

(Please note: Louis Navellier does currently hold a position in MU. Navellier & Associates does currently own a position in MU for client portfolios).