Silicon Investor (SI) -- The First Internet Community

STOCKTALK

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.

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

To: robert b furman who wrote (14780)	11/4/2022 12:57:09 AM
From: Kirk ©	1 Recommendation Recommended By Sr K Respond to of 26439

Newsom is a scumbag who boinked his FORMER best friend's wife while he was married to Kimberly Guilfoyle who is now engaged to Donald Trump Jr. He's one of the slickest politicians ever... and very good at it. His "wealth" came from his father who managed the Getty fortune. As the ... trustee? his father directed some of the money be invested in his son, Gavin's, restaurants and others businesses (at least that is my theory how he raised all that money with zero experience in those businesses.) It is the old boy self dealing where who you know and are related to matter more than talent for anything other than politics, the perfect profession for a sleezebag. I see no evidence he started out at the very bottom like you and I... my first job was bussing tables and I was damned good at it and proud of the hard work. I was shocked that after working so hard I had to put AFTER TAX money into the Payroll Tax... on a $1.35/hr sub minimum wage salary (because I got $2 worth of food per shift as part of my salary...) so I am not happy about having to pay taxes on it when I get it back or any talk from the GOP or Democrats about means testing it or any BS related to reducing what I'm owed. Newsom's current wife, Jennifer Siebel, is the first cousin of billionaire Thom Siebel en.wikipedia.org Rick Perry was a competent governor and as you say had three terms. That tells me he did what the big oil money in the state told him to do and did it well... much like the billionaires who "manage" Newsom do with him. Newsom will get a second term easily, hell I voted for him this time as the Democrats here spend a lot of money to burry any decent GOP candidate in favor of the most unacceptable one for moderates AND there was no Libertarian on the ballot. Only the GOP wasted time and money running against him for a second term. You'd think it should be illegal to meddle in elections this way but they go on and on about the danger of big GOP money then use it themselves to cement their power here.

To: robert b furman who wrote (14780)	11/4/2022 1:12:33 PM
From: Kirk ©	Read Replies (1) \| Respond to of 26439

Upgrades from Citi for COHU and COHR... must be a COH type of day. Cohu (NASDAQ:COHU), Coherent (NASDAQ:COHR) and Advanced Energy Industries (NASDAQ:AEIS) rose on Friday after investment firm Citi upgraded the semiconductor capital equipment companies on the belief that the "group has bottomed." Analyst Atif Malik raised the firm's ratings on Cohu (COHU), Coherent (COHR) and Advanced Energy Industries (AEIS) to buy from neutral, noting that there are three reasons for the belief that the group has "bottomed:" the collapse in memory pricing; a "dislocation" in domestic Chinese spending; and estimates for 2023 wafer fab equipment fell 20% or more and have now stabilized. In a research note, Malik said that with lower prices, including the NAND memory being down by 50% in the second half of 2022, "Stocks generally rebound once memory prices hit cash costs," and forward estimate revisions typically bottom out ahead of larger economic corrections. Malike added that the estimate for 2023 spending on wafer fab equipment could drop from roughly $70B to $65B or even $60B, but "the big Street estimate cut is done, in our view." Cohu (COHU) gained more than 3% to reach $31 a share in premarket trading, while Advanced Energy Industries (AEIS) tacked on 1% and Coherent (COHR) rose 2.5%. Malik added that there are a few key debates among investors right now, including whether wafer fab equipment spending in 2024 will be up or down. Right now, Citi is modeling $78B in spending for 2024, below the previous view of $88B. Other debates include whether China can grow or whether it will reduce wafer fab equipment spending, with Citi leaning towards the latter. "We do not expect China to be a region of meaningful capacity expansion for the multinational memory or foundry makers in the foreseeable future despite granted licenses with the option to renew annually," Malik said. There's also a debate over whether silicon carbide materials continue to grow at more than 30% compounded annually, due in large part to the growing demand for electric vehicles, an area where Wolfspeed (WOLF) and Coherent (COHR) appear poised to do well. Malik estimated that Wolfspeed (WOLF) has more than two years of a "first mover advantage" in 200mm wafers, with Coherent (COHR) trailing in second place. Last month, Coherent (COHR) named Julie Sheridan Eng as the company's new Chief Technology Officer. Analysts are mostly positive on Coherent (COHR). It has a BUY rating from Seeking Alpha authors, while Wall Street analysts rate it a BUY. Conversely, Seeking Alpha's quant system, which consistently beats the market, rates COHR a SELL. seekingalpha.com