SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Technology Stocks : Semi Equipment Analysis -- Ignore unavailable to you. Want to Upgrade?


To: Sam who wrote (77116)9/21/2017 9:28:07 AM
From: Return to Sender1 Recommendation

Recommended By
The Ox

  Read Replies (1) | Respond to of 95572
 
Good morning. Happy Thursday.

The Asian/Pacific markets closed with a lean to the downside. Taiwan and the Philippines closed up, but New Zealand and Australia suffered solid losses. Europe, Africa and the Middle East lean to the upside. France, Greece, Denmark, Norway, Italy and Sweden are doing very well; Poland and Turkey are down. Futures in the States point towards a slight down open for the cash market.

—————
VIDEO: There’s a Bull Market Somewhere
—————

The dollar is down. Oil and copper are down. Gold and silver are down. Bonds are up.

It’s fashionable for the market to reverse its knee-jerk reaction to the Fed, but that already took place yesterday. The S&P dropped hard after the announcement but fully recovered by the close. Here’s the intraday chart.



We’re entering a time of year which is traditionally very week, perhaps the weakest of the year. Does it mean anything? Not really. The market has made it a habit of ignoring such historical tendencies and continuing on with its trend. Our operations haven’t changed. The trend is up. We need to manage positions as we have been. Cut losers; push it with winners.

Stock headlines from barchart.com…

PRA Group (PRAA +0.17%) was downgraded to ‘Underperform’ from ‘Market Perform’ at Raymond James.

Netflix (NFLX -0.09%) was initiated with a ‘Buy’ at Buckingham Research Group with a 12-month target price of $214.

Anadarko Petroleum (APC +2.40%) jumped over 4% in after-hours trading after its board authorized a $2.5 billion share repurchase program through the end of 2018.

Nvidia (NVDA -0.81%) slid 2% in after-hours trading after CNBC reported that AMD is working with Tesla on a chip for autonomous driving. Nvidia currently supplies Tesla with graphics processing units.

Advanced Micro Devices (AMD +4.73%) climbed 4% in after-hours trading after it said it was working with Tesla on an AI self-drive chip.

Herman Miller (MLHR unch) lost nearly 2% in after-hours trading after the CEO said the company faces “some challenges resulting from the recent storms in Texas and the South East.”

Global Blood Therapeutics (GBT +0.35%) rose 3% in after-hours trading after Needham initiated coverage on the stock with a ‘Buy’ and a price target of $59.

Juno Therapeutics (JUNO +3.22%) fell over 4% in after-hours trading after it announced a $225 million secondary offering of its common stock.

Amphastar Pharmaceuticals (AMPH -0.13%) gained almost 3% in after-hours trading after the company received approval from the FDA for its sodium bicarbonate injection prefilled syringe system.

GSE Systems (GVP +1.82%) rose 2% in after-hours trading after it purchased Absolute Consulting for $8.75 million in cash.

Blue Apron Holdings (APRN -5.26%) gained 3% in after-hours trading on take-over speculation after Albertsons agreed to purchase Plated, another meal-kit service.

VEON Ltd (VEON -0.71%) dropped 4% in after-hours trading after it announced that Telenor East Holding II is offering for sale 90 million shares of VEON.

Wednesday’s Key Earnings
Herman Miller (NASDAQ:MLHR) -2.7% AH after in-line earnings.
EnSync (NYSEMKT:ESNC) +13.3% AH on FY revenue growth.

Today’s Economic Calendar
8:30 Initial Jobless Claims
8:30 Philly Fed Business Outlook
9:00 FHFA House Price Index
9:45 Bloomberg Consumer Comfort Index
10:00 Leading Indicators
10:30 EIA Natural Gas Inventory
4:30 PM Money Supply
4:30 PM Fed Balance Sheet

Other

today’s upgrades/downgrades from briefing.com

this week’s Earnings from Morningstar

this week’s Economic Numbers/Reports powered by ECONODAY