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Technology Stocks : Semi Equipment Analysis -- Ignore unavailable to you. Want to Upgrade?

To: Return to Sender who wrote (88983)	10/5/2022 9:10:11 AM
From: Return to Sender	1 Recommendation Recommended By Sr K Respond to of 95358

Rebound enthusiasm cools down briefing.com In two days, the major indices have risen between 5.5% and 6.9%. In a manner of speaking, the market's mood shifted seemingly from thinking that everything is bad (hence, the new low for the year on Friday) to everything is good (hence, the huge rally we have seen to start October). Everything, of course, is not good, but when the stock market thinks to itself that the Fed might soon pivot to a less aggressive policy stance, then it sees potential for a much better outcome for stocks. That is what the stock market has thought the past few sessions. That is not necessarily what the Fed is thinking. The divide here -- or the sobering reality really -- is presumably why the equity futures market is on the weaker side this morning. Currently, the S&P 500 futures are down 38 points and are trading 1.0% below fair value, the Nasdaq 100 futures are down 128 points and are trading 1.1% below fair value, and the Dow Jones Industrial Average futures are down 287 points and are trading 1.0% below fair value. Market participants are being forced to contend with the possibility that the Fed won't acquiesce to the stock market's hopeful wishes. That is sapping some of the rebound momentum and feeding a reversal in other markets, too. Specifically, the dollar is perking up again, evidenced by a 0.8% gain in the U.S. Dollar Index to 110.99. The 2-yr note yield is is up five basis points to 4.13% and the 10-yr note yield is up eight basis points to 3.70%. There is some halting overlap in other places as well. The 10-yr UK gilt yield is up 12 basis points to 3.98% after Prime Minster Truss defended her plan to cut taxes. The British pound is down 1.3% against the dollar to 1.1323. Oil prices are still simmering, meanwhile, as reports suggest OPEC+ could agree to cut production anywhere from 500,000 barrels per day to two million barrels per day at today's meeting. WTI crude futures are up 0.3% to $86.80 per barrel after settling September at $79.49 per barrel. This isn't just a meeting with implications for oil prices. It is also a meeting with implications for inflation pressures, consumer spending pressures, and geopolitical pressures. Accordingly, it is laced with uncertainty and that uncertainty is helping to rein things in this morning. The same goes for an ugly 14.2% decline in weekly mortgage applications and an ADP Employment Change Report for September that was still on the solid side of things. Granted the employment change headline was softer than expected at 208,000 (Briefing.com consensus 220,000), but after accounting for the upward revision to 185,000 from 132,000 for August, it was actually stronger than expected. It wasn't the type of report that would convince the Fed to take a softer approach with its monetary policy -- not yet anyway. The Reserve Bank of New Zealand did not take a softer approach today. It raised its cash rate by 50 basis points to 3.50%, as expected, and debated whether it should raise rates by 75 basis points at today's meeting. In other economic news, the U.S. trade deficit narrowed to $67.4 billion in August (Briefing.com consensus -$67.9 billion) from an upwardly revised -$70.5 billion (from -$70.6 billion) in July. The key takeaway from the report is that it does point to some softening in global economic activity as both imports and exports were less than they were in July. There wasn't a big response to this data point. A question on everyone's mind is, how will the stock market respond to the early weakness? Will it step up and buy the weakness or will it succumb to a recognition that it has gotten a little too silly with its two-day rally effort in a world where hope and reality have yet to collide? -- Patrick J. O'Hare, Briefing.com

To: Return to Sender who wrote (88983)	10/7/2022 9:45:15 AM
From: Return to Sender	Read Replies (1) \| Respond to of 95358

Advanced Micro lowers Q3 revenue and gross margin guidance due to lower than expected PC demand and a significant inventory correction in PC supply chain 4:18 PM ET 10/6/22 \| Briefing.com Co lowers guidance, sees Q3 revenue of approximately $5.6 bln vs. prior guidance of $6.7 bln, +/- $200 mln, and vs. the $6.69 bln S&P Capital IQ consensus estimate.Sees Data Center revenue of ~$1.6 bln, up 45% yr/yr.Sees Gaming revenue of ~$1.6 bln, up 14% yr/yr.Sees Client revenue of ~$1.0 bln, down 40% yr/yr.Preliminary results reflect lower than expected Client segment revenue resulting from reduced processor shipments due to a weaker than expected PC market and significant inventory correction actions across the PC supply chain.Lowers non-GAAP gross margin outlook to about 50% from 54%. Te gross margin shortfall to expectations was primarily due to lower revenue driven by lower Client processor unit shipments and average selling price (ASP). In addition, the third quarter results are expected to include approximately $160 million of charges primarily for inventory, pricing, and related reserves in the graphics and client businesses.Non-GAAP operating expenses are lower than previous expectations of $1.6 billion driven by lower variable compensation expenses in the quarter."While our product portfolio remains very strong, macroeconomic conditions drove lower than expected PC demand and a significant inventory correction across the PC supply chain. As we navigate the current market conditions, we are pleased with the performance of our Data Center, Embedded, and Gaming segments and the strength of our diversified business model and balance sheet. We remain focused on delivering our leadership product roadmap and look forward to launching our next-generation 5nm data center and graphics products later this quarter."

To: Return to Sender who wrote (88983)	10/26/2022 7:09:35 PM
From: Return to Sender	1 Recommendation Recommended By Sun Tzu Respond to of 95358

Silicon Labs beats by $0.12, reports revs in-line; guides Q4 EPS in-line, revs below consensus 7:08 AM ET 10/26/22 \| Briefing.com Reports Q3 (Sep) earnings of $1.21 per share, $0.12 better than the S&P Capital IQ Consensus of $1.09; revenues rose 46.0% year/year to $269.8 mln vs the $270.16 mln S&P Capital IQ Consensus. Co issues guidance for Q4, sees EPS of $0.93-1.03 vs. $1.03 S&P Capital IQ Consensus; sees Q4 revs of $245-255 mln vs. $274.90 mln S&P Capital IQ Consensus.

To: Return to Sender who wrote (88983)	10/26/2022 7:14:03 PM
From: Return to Sender	1 Recommendation Recommended By Sun Tzu Respond to of 95358

Wolfspeed beats by $0.01, reports revs in-line; guides Q2 EPS below consensus, revs below consensus 4:10 PM ET 10/26/22 \| Briefing.com Reports Q1 (Sep) loss of $0.04 per share, excluding non-recurring items, $0.01 better than the S&P Capital IQ Consensus of ($0.05); revenues rose 54.1% year/year to $241.3 mln vs the $239.77 mln S&P Capital IQ Consensus.Non-GAAP gross margin of 35.6%, compared to 33.5%. Co issues downside guidance for Q2, sees EPS of ($0.08)-($0.16), excluding non-recurring items, vs. $0.00 S&P Capital IQ Consensus; sees Q2 revs of $215-$235 mln vs. $252.95 mln S&P Capital IQ Consensus. WOLF getting clobbered after hours on their guidance. RtS

To: Return to Sender who wrote (88983)	10/26/2022 7:15:52 PM
From: Return to Sender	1 Recommendation Recommended By Sun Tzu Respond to of 95358

KLA Corporation beats by $0.83, beats on revs; guides Q2 EPS above consensus, revs above consensus 4:08 PM ET 10/26/22 \| Briefing.com Reports Q1 (Sep) earnings of $7.06 per share, excluding non-recurring items, $0.83 better than the S&P Capital IQ Consensus of $6.23; revenues rose 30.7% year/year to $2.72 bln vs the $2.6 bln S&P Capital IQ Consensus."Despite signs of weakness across a broad set of electronics end markets and an increasingly challenging macro-economic backdrop, our December quarter outlook for sequential growth underscores the resiliency of our business and the strong demand for our critical products and services."Co issues upside guidance for Q2, sees EPS of $6.30-7.70, excluding non-recurring items, vs. $6.12 S&P Capital IQ Consensus; sees Q2 revs of $2.65-2.95 bln vs. $2.57 bln S&P Capital IQ Consensus. Non-GAAP gross margin is expected to be in a range of 61.5% to 63.5%.

To: Return to Sender who wrote (88983)	11/10/2022 9:20:11 AM
From: Return to Sender	2 Recommendations Recommended By oldbeachlvr Sr K Respond to of 95358

Seeing inflation light at the end of the tunnel briefing.com There was a modest bid in the equity futures market ahead of the release of the October Consumer Price Index (CPI) at 8:30 a.m. ET. There was also a bid in the Treasury market that drove the 2-yr note yield down four basis points to 4.60% and the 10-yr note yield down seven basis points to 4.08%. The U.S. Dollar Index was up 0.2% to 110.77. These were credible indications, only there was no point trusting them knowing that everything was subject to material change after the release of the CPI data. Sure enough, there was a material change in everything following a CPI report that was better than expected and certainly much better than feared. Total CPI increased 0.4% month-over-month in October (Briefing.com consensus 0.7%) while core-CPI, which excludes food and energy, increased 0.3% month-over-month (Briefing.com consensus 0.5%). The monthly changes left total CPI up 7.7% year-over-year, versus 8.2% in September, and core CPI up 6.3% year-over-year, versus 6.6% in September. The key takeaway from the report isn't singular. It is manifold: (1) The report helps validate the peak inflation view. (2) The report is apt to compel the Fed to take a less aggressive rate-hike approach at the December FOMC meeting. (3) Some encouragement will be borne out of the understanding that the shelter index (computed with a lag) contributed more than half of the monthly all items increase, suggesting price increases moderated in many other areas. The reaction in the market says it all about how market participants feel about this report. Currently, the S&P 500 futures are up 120 points and are trading 3.2% above fair value, the Nasdaq 100 futures are up 475 points and are trading 4.4% above fair value, and the Dow Jones Industrial Average futures are up 771 points and are trading 2.3% above fair value. The 2-yr note yield is down 26 basis points at 4.37% and the 10-yr note yield is down 23 basis points at 3.92%. The U.S. Dollar Index is down 1.3% at 109.07. Said another way: market participants are loving this inflation report and the implication that it will encourage the Fed to take a softer approach. The point remains, however, that the Fed will still raise the target range for the fed funds rate further. A 7.7% inflation rate is still far too high and has "a ways to go" to get to the Fed's 2.0% inflation target. Be that as it may, the direction in trend at this point is more important than the level itself. There is undoubtedly some short-covering activity that is helping to drive prices higher. The weekly initial jobless claims report has been more of an afterthought for a market that was fixed on the CPI report. Initial jobless claims for the week ending November 5 increased by 7,000 to 225,000 (Briefing.com consensus 220,000) while continuing jobless claims for the week ending October 29 increased by 6,000 to 1.493 million. The key takeaway from the report is that initial jobless claims are still running at low levels, yet the latest reading shows claims moving in a direction that has been deemed the right direction for tempering the pace of the Fed's rate hikes. Altogether it promises to be a big open for stocks. That is a given, but this open needs to be about a sustainability effort. Can the market sustain its gains and maintain a positive bias in the coming days and weeks? That remains to be seen, but for now, the market is seeing some inflation light -- and rate-hike light -- at the end of the tunnel. -- Patrick J. O'Hare, Briefing.com

To: Return to Sender who wrote (88983)	11/10/2022 10:22:26 PM
From: Return to Sender	3 Recommendations Recommended By Kirk © Sam Sr K Read Replies (2) \| Respond to of 95358

Great Day for the SOX Components. Methinks I sold a couple of these a bit too soon: 6 Month Charts of the SOX Components:

To: Return to Sender who wrote (88983)	11/17/2022 12:07:58 AM
From: Return to Sender	Respond to of 95358

DJ Micron Offers a Gloomy Outlook for Chip Industry. Its Stock Is Falling. -- Barrons.com 10:23 AM ET 11/16/22 \| Dow Jones Despite the big rally in semiconductor stocks this month, it appears chip demand is getting worse -- not better. On Wednesday, memory maker Micron Technology (ticker: MU) said it will reduce chip wafer production by roughly 20% compared with fiscal fourth quarter 2022, citing weaker market conditions. The company is also considering additional cuts to capital expenditures. The chip maker also said the demand outlook for 2023 had recently softened. "Micron believes that in calendar 2023, year-on-year DRAM bit supply will need to shrink and NAND bit supply growth will need to be significantly lower than previous estimates," the company said in the news release. Micron shares fell by 3.8% to $60.68 in early trading Wednesday. The chip maker is a leader in the DRAM and NAND memory-semiconductor markets. DRAM stands for dynamic random-access memory, which is used in desktop computers and servers, while NAND is flash memory, found in smartphones and solid-state hard drives. Last month, memory chip maker SK Hynix also offered a similar gloomy forecast for demand, citing deteriorating demand in the computer and corporate server markets. This latest weak forecast from Micron diverges from the optimism signaled by the chip industry's strong share price performance in recent weeks. The iShares Semiconductor (SOXX) exchange-traded fund, which tracks the performance of the ICE Semiconductor Index, has risen by nearly 15% this month. But if Micron's comments are any indication, there is no sign of a turnaround yet. Write to Tae Kim at tae.kim@barrons.com

To: Return to Sender who wrote (88983)	11/22/2022 12:32:44 PM
From: Return to Sender	2 Recommendations Recommended By Kirk © Sr K Respond to of 95358

Analog Devices beats by $0.14, beats on revs; guides Q1 EPS above consensus, revs above consensus 7:11 AM ET 11/22/22 \| Briefing.com Reports Q4 (Oct) earnings of $2.73 per share, $0.14 better than the S&P Capital IQ Consensus of $2.59; revenues rose 38.8% year/year to $3.25 bln vs the $3.16 bln S&P Capital IQ Consensus. Co issues upside guidance for Q1, sees EPS of $2.50-2.70 vs. $2.41 S&P Capital IQ Consensus; sees Q1 revs of $3.05-3.25 bln vs. $3.04 bln S&P Capital IQ Consensus.

To: Return to Sender who wrote (88983)	12/6/2022 4:46:24 PM
From: Return to Sender	2 Recommendations Recommended By oldbeachlvr Sam Read Replies (1) \| Respond to of 95358

6 Month Charts of the SOX Components. Now showing the symbol change of COHR from IIVI previously:

To: Return to Sender who wrote (88983)	1/3/2023 4:39:51 PM
From: Return to Sender	3 Recommendations Recommended By Robert O Sam Sun Tzu Respond to of 95358

6 Month Charts of the SOX Components. Most were down today including QRVO which got a PnF Buy signal earlier in the day. Kind of interesting.