Gold steadies as equities dip; focus turns to Fed minutes

Spot gold inched up 0.1% to $1,278.41 per ounc, having touched its lowest since May 3 at $1,273.22. “With equities trading lower, gold is expected to trade a little higher going into the Fed minutes on expectations that there is no immediate rate increase coming for the rest of the year,” said Bob Haberkorn, senior market strategist at RJO Futures. Gold tends to appreciate on expectations of lower interest rates, which reduce the opportunity cost of holding non-yielding bullion. “We have equitie


Spot gold inched up 0.1% to $1,278.41 per ounc, having touched its lowest since May 3 at $1,273.22. “With equities trading lower, gold is expected to trade a little higher going into the Fed minutes on expectations that there is no immediate rate increase coming for the rest of the year,” said Bob Haberkorn, senior market strategist at RJO Futures. Gold tends to appreciate on expectations of lower interest rates, which reduce the opportunity cost of holding non-yielding bullion. “We have equitie
Gold steadies as equities dip; focus turns to Fed minutes Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-05-20
Keywords: news, cnbc, companies, dollar, ounce, steadies, focus, equities, trade, twoweek, touched, gold, dip, trading, turns, fed, minutes, rates, lower


Gold steadies as equities dip; focus turns to Fed minutes

An amphora filled with ancient gold Roman coins found in the Cressoni theatre complex is seen in Como Italy, September 5, 2018.

Gold steadied on Monday after recovering slightly from a more than two-week low hit earlier in the session, as equity markets fell ahead of the U.S. Federal Reserve’s release of minutes from its last meeting.

Spot gold inched up 0.1% to $1,278.41 per ounc, having touched its lowest since May 3 at $1,273.22.

U.S. gold futures settled $1.50 higher at $1,282.90.

“With equities trading lower, gold is expected to trade a little higher going into the Fed minutes on expectations that there is no immediate rate increase coming for the rest of the year,” said Bob Haberkorn, senior market strategist at RJO Futures.

Investors shifted focus to the Fed minutes due on Wednesday, which is expected to provide insights into the May 1 central bank meeting in which policymakers decided to keep interest rates steady and signaled little appetite to adjust them any time soon.

Gold tends to appreciate on expectations of lower interest rates, which reduce the opportunity cost of holding non-yielding bullion.

Global stocks took a hit as concerns mounted about an escalating fallout from a U.S. crackdown on China’s Huawei Technologies Co Ltd, intensifying a prolonged trade war between the world’s two biggest economics.

The greenback limited bullion’s appeal as the dollar index held near a two-week high. Last week the index posted the biggest weekly rise since early March, supported by robust U.S. housing data and a report pointing to lower unemployment.

“We have equities trading lower with all the geo-political news out there, yet gold can’t sustain any rally. There seems to be a flight to safety into the dollar because of the better economic data coming out of the U.S.,” Haberkorn said.

While gold is a safe store of value during times of uncertainty, investors are preferring the dollar, as they did last year during the U.S.-China trade spat.

Iran was served a new warning by U.S. President Donald Trump, who tweeted that if the country wanted to fight, that would be Iran’s “official end.”

On the technical side, “$1,265 is now a critical support that must hold. A daily close below that region implies a much deeper correction could be imminent,” OANDA analyst Jeffrey Halley said in a note.

Among other metals, silver was up 0.5% at $14.47 an ounce, having touched a more than five-month low at $14.33.

Platinum edged 0.1% lower at $812.40 per ounce, while palladium rose 1.5% to $1,329.90.


Company: cnbc, Activity: cnbc, Date: 2019-05-20
Keywords: news, cnbc, companies, dollar, ounce, steadies, focus, equities, trade, twoweek, touched, gold, dip, trading, turns, fed, minutes, rates, lower


Home Forums

    • Forum
    • Topics
    • Posts
    • Last Post

Chip stocks are falling on US-China tensions—here are 2 ways to buy the dip

This chip dip could be your chance to buy. The VanEck Vectors Semiconductor ETF and the iShares PHLX Semiconductor ETF, two of the top exchange-traded funds tracking chipmakers, both lost more than 2% in intraday trading Monday following a hiccup in U.S.-China trade negotiations. “Clearly, what we’re seeing today is people are selling first and asking questions later,” Johnson said in the same “ETF Edge” interview. Rosenbluth wasn’t exactly shaking his head at the SMH, which he said his firm pre


This chip dip could be your chance to buy. The VanEck Vectors Semiconductor ETF and the iShares PHLX Semiconductor ETF, two of the top exchange-traded funds tracking chipmakers, both lost more than 2% in intraday trading Monday following a hiccup in U.S.-China trade negotiations. “Clearly, what we’re seeing today is people are selling first and asking questions later,” Johnson said in the same “ETF Edge” interview. Rosenbluth wasn’t exactly shaking his head at the SMH, which he said his firm pre
Chip stocks are falling on US-China tensions—here are 2 ways to buy the dip Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-05-06  Authors: lizzy gurdus
Keywords: news, cnbc, companies, smh, head, ishares, rosenbluth, etfs, cfra, uschina, semiconductor, tensionshere, soxx, falling, ways, chip, market, etf, buy, dip, stocks


Chip stocks are falling on US-China tensions—here are 2 ways to buy the dip

This chip dip could be your chance to buy.

The VanEck Vectors Semiconductor ETF and the iShares PHLX Semiconductor ETF, two of the top exchange-traded funds tracking chipmakers, both lost more than 2% in intraday trading Monday following a hiccup in U.S.-China trade negotiations.

The market-cap-weighted ETFs, both of which count Qualcomm and Intel among their top holdings, have managed to skirt trade-related weakness for much of 2019, until this week. Both are still up more than 32% year to date.

That’s why some experts, like Todd Rosenbluth, senior director of ETF and mutual fund research at CFRA, think this group’s decline is more of an opportunity than a doomsday.

“We at CFRA are still positive on a number of those semiconductor companies that you find in the concentrated SMH and the SOXX ETFs,” Rosenbluth told CNBC’s “ETF Edge” on Monday, referring to the ticker symbols for VanEck’s and iShares’ ETFs. “Larger-cap companies tend to hold up better in times of market volatility.”

Not only have most of the semiconductor makers’ earnings reports come in better than feared this quarter, but much of Monday’s weakness — largely tied to a series of tweets from President Donald Trump on Sunday threatening higher tariffs on Chinese goods — was a “knee-jerk reaction” when it comes to their stocks, Rosenbluth said.

Morningstar’s Ben Johnson, who runs the firm’s global ETF research arm, largely agreed.

“Clearly, what we’re seeing today is people are selling first and asking questions later,” Johnson said in the same “ETF Edge” interview. “This is a segment of the market that’s done phenomenally well over the course of the past one, three, five and 10 years, but the price investors have paid for that great performance has been measured in increments of volatility.”

“An ETF like SMH, which stands for ‘shake my head,’ has really earned its ticker today on a day where that volatility is, again, rearing its ugly head,” he said.

Rosenbluth wasn’t exactly shaking his head at the SMH, which he said his firm preferred over SOXX, the iShares fund.

“When we look inside the portfolio … we like a lot of the stocks that are heavily weighted, so Intel, Taiwan Semiconductor, a couple of them, ” he said. “So, Ben talked about the historical performance, but as you look forward, we at CFRA like SMH also for its liquidity and its below-average expense ratio, of those two products.”

The SMH and SOXX ETFs each ended Monday trading roughly 1.5% lower, having reversed course with the broader market.


Company: cnbc, Activity: cnbc, Date: 2019-05-06  Authors: lizzy gurdus
Keywords: news, cnbc, companies, smh, head, ishares, rosenbluth, etfs, cfra, uschina, semiconductor, tensionshere, soxx, falling, ways, chip, market, etf, buy, dip, stocks


Home Forums

    • Forum
    • Topics
    • Posts
    • Last Post

Dutch bank ING posts profit dip and misses expectations

ING, the largest Dutch financial group, reported a slight drop in first-quarter underlying net profit of 1.12 billion euros ($1.26 billion), narrowly missing analyst expectations of 1.15 billion euros in a Reuters poll. The bank reported 1.19 billion euros of net profit in the first quarter of 2018. Pre-tax profits of 1.58 billion euros ($1.77 billion) were down 6.2% from the first quarter of last year. The group reported an increase in net core lending of 8.7 billion euros in the first quarter,


ING, the largest Dutch financial group, reported a slight drop in first-quarter underlying net profit of 1.12 billion euros ($1.26 billion), narrowly missing analyst expectations of 1.15 billion euros in a Reuters poll. The bank reported 1.19 billion euros of net profit in the first quarter of 2018. Pre-tax profits of 1.58 billion euros ($1.77 billion) were down 6.2% from the first quarter of last year. The group reported an increase in net core lending of 8.7 billion euros in the first quarter,
Dutch bank ING posts profit dip and misses expectations Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-05-02  Authors: elliot smith
Keywords: news, cnbc, companies, million, reported, profit, dutch, ing, billion, euros, misses, posts, expectations, dip, quarter, bank, customer, net, program


Dutch bank ING posts profit dip and misses expectations

ING, the largest Dutch financial group, reported a slight drop in first-quarter underlying net profit of 1.12 billion euros ($1.26 billion), narrowly missing analyst expectations of 1.15 billion euros in a Reuters poll.

The bank reported 1.19 billion euros of net profit in the first quarter of 2018. Pre-tax profits of 1.58 billion euros ($1.77 billion) were down 6.2% from the first quarter of last year. Quarter-on-quarter, the underlying result before tax fell 6.5%, which the bank said was caused entirely by the “seasonally higher regulatory costs in the first quarter.”

The group reported an increase in net core lending of 8.7 billion euros in the first quarter, with net customer deposit inflows amounting to 4.8 billion euros.

Its retail primary customer base grew by 150,000 to 12.6 million. In a statement, CEO Ralph Hamers said the results showed “good commercial momentum.”

“Income grew both year on year and sequentially and we see the positive results of our transformation program coming through, especially in the Netherlands and Belgium,” said Hamers.

“However, this was offset by higher but still relatively low risk costs, and pressure from low interest rates in our main euro zone markets.”

Shares fell 1.5% during early morning trading Thursday.

Hamers also stressed that the bank understands “how vital it is to master the management of nonfinancial risks” and is committed to doing so.

Provisions for bad loans reduced from 242 million euros in the fourth quarter of 2018 to 207 million euros.

The bank incurred a fine of 775 million euros in the third quarter of 2018 for poor monitoring of money laundering by clients, and is continuing a know your customer (KYC) enhancement program.

In its earnings report, ING said it was in regular contact with regulators about this program. The bank also revealed that it was informed in March of a report by the Italian central bank into shortcomings in anti-money laundering processes at ING Italy.

“We’re analyzing these findings and taking the necessary steps to improve processes and the management of compliance risks in Italy, in line with our global enhancement program,” the bank said.

In the meantime, ING Italy will refrain from taking on new clients.


Company: cnbc, Activity: cnbc, Date: 2019-05-02  Authors: elliot smith
Keywords: news, cnbc, companies, million, reported, profit, dutch, ing, billion, euros, misses, posts, expectations, dip, quarter, bank, customer, net, program


Home Forums

    • Forum
    • Topics
    • Posts
    • Last Post

Deutsche chief strategist Binky Chadha: Buy the dip in health care


Deutsche chief strategist Binky Chadha: Buy the dip in health care Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-04-29
Keywords: news, cnbc, companies, deutsche, dip, buy, health, care, binky, chief, chadha, strategist



Company: cnbc, Activity: cnbc, Date: 2019-04-29
Keywords: news, cnbc, companies, deutsche, dip, buy, health, care, binky, chief, chadha, strategist


Home Forums

    • Forum
    • Topics
    • Posts
    • Last Post

Oil price rally will continue into the next two quarters despite dip, experts say

Oil prices slipped Wednesday morning, interrupting a recent rally with news of sharply increased U.S. crude stockpiles released by the American Petroleum Institute Tuesday night. But it’s a temporary blip in the broader outlook for the next two quarters of price growth, commodities experts told CNBC. “We expect the rally in Brent prices will continue over Q2-Q3 this year as the market tightens further on the back of OPEC production cuts and deteriorating output in Venezuela,” Edward Bell, direct


Oil prices slipped Wednesday morning, interrupting a recent rally with news of sharply increased U.S. crude stockpiles released by the American Petroleum Institute Tuesday night. But it’s a temporary blip in the broader outlook for the next two quarters of price growth, commodities experts told CNBC. “We expect the rally in Brent prices will continue over Q2-Q3 this year as the market tightens further on the back of OPEC production cuts and deteriorating output in Venezuela,” Edward Bell, direct
Oil price rally will continue into the next two quarters despite dip, experts say Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-03-27  Authors: natasha turak, benjamin lowy, getty images
Keywords: news, cnbc, companies, opec, rally, say, price, venezuela, deteriorating, energy, high, experts, production, output, prices, told, dip, continue, quarters, despite, oil


Oil price rally will continue into the next two quarters despite dip, experts say

Oil prices slipped Wednesday morning, interrupting a recent rally with news of sharply increased U.S. crude stockpiles released by the American Petroleum Institute Tuesday night.

But it’s a temporary blip in the broader outlook for the next two quarters of price growth, commodities experts told CNBC.

“We expect the rally in Brent prices will continue over Q2-Q3 this year as the market tightens further on the back of OPEC production cuts and deteriorating output in Venezuela,” Edward Bell, director of commodities research at Dubai-based Emirates NBD, told CNBC in an email Wednesday.

Robin Mills, CEO of Qamar Energy and a nonresident fellow at Columbia’s Center for Global Energy Policy, similarly sees prices remaining strong in the second quarter.

“Demand continues to be fairly good, OPEC+ compliance is high, the production cuts deal is planned to continue, output in Venezuela will keep deteriorating and Iranian exports are still under pressure,” he told CNBC, noting that Russian compliance with the output cut deal is also increasing.

“If prices go ‘too high’, likely the U.S. will grant more Iran waivers, and if they don’t then, with a lag, the Saudis will respond by increasing production within their overall cap.”


Company: cnbc, Activity: cnbc, Date: 2019-03-27  Authors: natasha turak, benjamin lowy, getty images
Keywords: news, cnbc, companies, opec, rally, say, price, venezuela, deteriorating, energy, high, experts, production, output, prices, told, dip, continue, quarters, despite, oil


Home Forums

    • Forum
    • Topics
    • Posts
    • Last Post

Stocks fall as yields dip amid economic fears

Stocks fell on Wednesday, tracking bond yields, as worries over a possible economic slowdown lingered. The Dow Jones Industrial Average traded 66 points lower and briefly fell more than 200 points. The U.S. trade deficit fell to $51.15 billion in January, much more than was expected and could give a boost to this quarter’s GDP. Abiomed and Advanced Micro Devices were among the worst-performing stocks in the S&P 500, sliding more than 3.5 percent each. “We are seeing a rising probability of reces


Stocks fell on Wednesday, tracking bond yields, as worries over a possible economic slowdown lingered. The Dow Jones Industrial Average traded 66 points lower and briefly fell more than 200 points. The U.S. trade deficit fell to $51.15 billion in January, much more than was expected and could give a boost to this quarter’s GDP. Abiomed and Advanced Micro Devices were among the worst-performing stocks in the S&P 500, sliding more than 3.5 percent each. “We are seeing a rising probability of reces
Stocks fall as yields dip amid economic fears Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-03-27  Authors: fred imbert, brendan mcdermid
Keywords: news, cnbc, companies, fell, sp, economic, worstperforming, recession, stocks, treasury, trade, dip, fall, fears, yields, yield, rising, traded, amid


Stocks fall as yields dip amid economic fears

Stocks fell on Wednesday, tracking bond yields, as worries over a possible economic slowdown lingered.

The Dow Jones Industrial Average traded 66 points lower and briefly fell more than 200 points. The S&P 500 and Nasdaq Composite declined 0.4 percent and 0.6 percent, respectively.

Earlier in the day, the major averages traded higher on better-than-expected trade data. The U.S. trade deficit fell to $51.15 billion in January, much more than was expected and could give a boost to this quarter’s GDP.

Health care, utilities and tech were the worst-performing sectors, falling more than half a percent. Abiomed and Advanced Micro Devices were among the worst-performing stocks in the S&P 500, sliding more than 3.5 percent each.

The benchmark 10-year rate traded at 2.365 percent and hit its lowest level since late 2017. Investors are keeping an eye on rates after the 10-year fell below the 3-month rate last week for the first time since 2007. It is a development that investors call an inverted yield curve and is seen as an early indicator of a recession.

The U.S. Treasury yield curve has inverted before each recession in the past 50 years and has only offered a false signal just once in that time, according to data from Reuters.

“All eyes are going to be on the Treasury market,” said Michael Reynolds, investment strategy officer at Glenmede. “We are seeing a rising probability of recession in recognition of these rising risks, but we’re not blowing off the top just yet.”


Company: cnbc, Activity: cnbc, Date: 2019-03-27  Authors: fred imbert, brendan mcdermid
Keywords: news, cnbc, companies, fell, sp, economic, worstperforming, recession, stocks, treasury, trade, dip, fall, fears, yields, yield, rising, traded, amid


Home Forums

    • Forum
    • Topics
    • Posts
    • Last Post

Hedge funds load back up on Facebook shares — these are their favorite stocks

By the end of the fourth quarter, 15 of the 50 largest hedge funds owned Facebook shares as one of their top 10 holdings, more than double the number of funds from the third quarter, Citi data show. Top hedge funds also ramped up their bets on Amazon as 13 out of 50 biggest hedge funds held significant positions in the e-commerce powerhouse last quarter, up from eight funds in the third quarter. Another favorite stock of hedge funds, Alibaba, has returned more than 24 percent this year after ble


By the end of the fourth quarter, 15 of the 50 largest hedge funds owned Facebook shares as one of their top 10 holdings, more than double the number of funds from the third quarter, Citi data show. Top hedge funds also ramped up their bets on Amazon as 13 out of 50 biggest hedge funds held significant positions in the e-commerce powerhouse last quarter, up from eight funds in the third quarter. Another favorite stock of hedge funds, Alibaba, has returned more than 24 percent this year after ble
Hedge funds load back up on Facebook shares — these are their favorite stocks Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-02-19  Authors: yun li, scott eells, bloomberg, getty images
Keywords: news, cnbc, companies, funds, favorite, shares, hedge, dip, facebook, stocks, data, holdings, tech, load, quarter, fourth


Hedge funds load back up on Facebook shares — these are their favorite stocks

By the end of the fourth quarter, 15 of the 50 largest hedge funds owned Facebook shares as one of their top 10 holdings, more than double the number of funds from the third quarter, Citi data show. The smart money bought the huge dip in the social media giant when it lost more than 20 percent amidst fourth quarter’s market turmoil. Facebook has rebounded in the new year with its shares rising almost 25 percent year to date.

Top hedge funds also ramped up their bets on Amazon as 13 out of 50 biggest hedge funds held significant positions in the e-commerce powerhouse last quarter, up from eight funds in the third quarter. Amazon has posted a nearly 9 percent gain in the new year after losing more than 25 percent in the fourth quarter.

Another favorite stock of hedge funds, Alibaba, has returned more than 24 percent this year after bleeding 17 percent last quarter.

Information technology stocks occupied about 19 percent of hedge funds’ top holdings last quarter, followed by consumer discretionary’s 14.4 percent, Citi’s analysts said.

Buying the dip in tech helped hedge funds post a 3.5 percent return in January, the best monthly performance since September 2010, according to Hedge Fund Research.

While betting on tech, top hedge funds rotated out of more defensive sectors including utilities, real estate and consumer staples, Citi data show.


Company: cnbc, Activity: cnbc, Date: 2019-02-19  Authors: yun li, scott eells, bloomberg, getty images
Keywords: news, cnbc, companies, funds, favorite, shares, hedge, dip, facebook, stocks, data, holdings, tech, load, quarter, fourth


Home Forums

    • Forum
    • Topics
    • Posts
    • Last Post

Hedge funds load back up on Facebook shares — these are their favorite stocks

By the end of the fourth quarter, 15 of the 50 largest hedge funds owned Facebook shares as one of their top 10 holdings, more than double the number of funds from the third quarter, Citi data show. Top hedge funds also ramped up their bets on Amazon as 13 out of 50 biggest hedge funds held significant positions in the e-commerce powerhouse last quarter, up from eight funds in the third quarter. Another favorite stock of hedge funds, Alibaba, has returned more than 24 percent this year after ble


By the end of the fourth quarter, 15 of the 50 largest hedge funds owned Facebook shares as one of their top 10 holdings, more than double the number of funds from the third quarter, Citi data show. Top hedge funds also ramped up their bets on Amazon as 13 out of 50 biggest hedge funds held significant positions in the e-commerce powerhouse last quarter, up from eight funds in the third quarter. Another favorite stock of hedge funds, Alibaba, has returned more than 24 percent this year after ble
Hedge funds load back up on Facebook shares — these are their favorite stocks Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-02-19  Authors: yun li, scott eells, bloomberg, getty images
Keywords: news, cnbc, companies, funds, favorite, shares, hedge, dip, facebook, stocks, data, holdings, tech, load, quarter, fourth


Hedge funds load back up on Facebook shares — these are their favorite stocks

By the end of the fourth quarter, 15 of the 50 largest hedge funds owned Facebook shares as one of their top 10 holdings, more than double the number of funds from the third quarter, Citi data show. The smart money bought the huge dip in the social media giant when it lost more than 20 percent amidst fourth quarter’s market turmoil. Facebook has rebounded in the new year with its shares rising almost 25 percent year to date.

Top hedge funds also ramped up their bets on Amazon as 13 out of 50 biggest hedge funds held significant positions in the e-commerce powerhouse last quarter, up from eight funds in the third quarter. Amazon has posted a nearly 9 percent gain in the new year after losing more than 25 percent in the fourth quarter.

Another favorite stock of hedge funds, Alibaba, has returned more than 24 percent this year after bleeding 17 percent last quarter.

Information technology stocks occupied about 19 percent of hedge funds’ top holdings last quarter, followed by consumer discretionary’s 14.4 percent, Citi’s analysts said.

Buying the dip in tech helped hedge funds post a 3.5 percent return in January, the best monthly performance since September 2010, according to Hedge Fund Research.

While betting on tech, top hedge funds rotated out of more defensive sectors including utilities, real estate and consumer staples, Citi data show.


Company: cnbc, Activity: cnbc, Date: 2019-02-19  Authors: yun li, scott eells, bloomberg, getty images
Keywords: news, cnbc, companies, funds, favorite, shares, hedge, dip, facebook, stocks, data, holdings, tech, load, quarter, fourth


Home Forums

    • Forum
    • Topics
    • Posts
    • Last Post

Cramer’s game plan: Be ready to ‘buy the next dip’ in this ‘ideal backdrop for stocks’

Clorox: Cramer expects Clorox’s earnings report on Monday to be “excellent.” “We may actually see the beginning of its raw costs coming down,” he said, adding that it “could allow the stock to re-assert its leadership in the consumer products group.” Alphabet: Google parent Alphabet also reports, but Cramer wasn’t so rosy on it after what he saw in the stock of Amazon after its Thursday conference call. He maintained a tentative buy call on Amazon, telling investors to wait until Tuesday before


Clorox: Cramer expects Clorox’s earnings report on Monday to be “excellent.” “We may actually see the beginning of its raw costs coming down,” he said, adding that it “could allow the stock to re-assert its leadership in the consumer products group.” Alphabet: Google parent Alphabet also reports, but Cramer wasn’t so rosy on it after what he saw in the stock of Amazon after its Thursday conference call. He maintained a tentative buy call on Amazon, telling investors to wait until Tuesday before
Cramer’s game plan: Be ready to ‘buy the next dip’ in this ‘ideal backdrop for stocks’ Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-02-01  Authors: elizabeth gurdus
Keywords: news, cnbc, companies, game, dip, wait, buy, cramers, backdrop, needs, wasnt, alphabet, unfortunately, ready, amazon, stock, cramer, stocks, ideal, youtube, waymo, plan


Cramer's game plan: Be ready to 'buy the next dip' in this 'ideal backdrop for stocks'

Clorox: Cramer expects Clorox’s earnings report on Monday to be “excellent.”

“We may actually see the beginning of its raw costs coming down,” he said, adding that it “could allow the stock to re-assert its leadership in the consumer products group.”

Alphabet: Google parent Alphabet also reports, but Cramer wasn’t so rosy on it after what he saw in the stock of Amazon after its Thursday conference call. He maintained a tentative buy call on Amazon, telling investors to wait until Tuesday before buying, but said Alphabet still has something to prove.

“It needs to show us some leg. It has to tell us about Waymo orders. […] It’s got to give us a clear path for bigger YouTube profits. It says nothing about it. It needs to give us some hints about whether it might want to bid on something big for entertainment,” he said. “Unfortunately, I doubt [Alphabet] will do any of that, and while we still own this one for my charitable trust, … we’re getting mighty impatient after the shellacking we took in Amazon.”


Company: cnbc, Activity: cnbc, Date: 2019-02-01  Authors: elizabeth gurdus
Keywords: news, cnbc, companies, game, dip, wait, buy, cramers, backdrop, needs, wasnt, alphabet, unfortunately, ready, amazon, stock, cramer, stocks, ideal, youtube, waymo, plan


Home Forums

    • Forum
    • Topics
    • Posts
    • Last Post

Chip stocks set for worst quarter in a decade. Here’s why some say now is the time to buy the dip

The ETF is currently down more than 18 percent since early October, and is on pace to post its worst quarter in a decade after getting hit hard by trade tension fears. Johnson believes $80 is a key level of support for the SMH. The ETF hit that level earlier last week and then bounced higher, so he believes the chart is indicating an uptrend. “If you look at the SMH we’ve pulled right back to support around $80. The SMH closed at around $86 on Friday, so hitting $100 would be a gain of more than


The ETF is currently down more than 18 percent since early October, and is on pace to post its worst quarter in a decade after getting hit hard by trade tension fears. Johnson believes $80 is a key level of support for the SMH. The ETF hit that level earlier last week and then bounced higher, so he believes the chart is indicating an uptrend. “If you look at the SMH we’ve pulled right back to support around $80. The SMH closed at around $86 on Friday, so hitting $100 would be a gain of more than
Chip stocks set for worst quarter in a decade. Here’s why some say now is the time to buy the dip Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2018-12-31  Authors: pippa stevens, michael nagle, bloomberg, getty images, adam jeffery, brendan mcdermid, alex edelman, afp, kcna, thomas barwick getty images
Keywords: news, cnbc, companies, say, set, heres, dip, thinks, quarter, chip, stocks, 80, smh, trade, market, etf, support, buy, week, worst, think, believes, decade


Chip stocks set for worst quarter in a decade. Here's why some say now is the time to buy the dip

Now is the time to reinvest in chips, says analyst 2:54 PM ET Fri, 28 Dec 2018 | 02:29

Semiconductor stocks outperformed the broader market last week with the SMH, which tracks the sector’s biggest names, posting a more than 4 percent gain.

But that only tells half the story. The ETF is currently down more than 18 percent since early October, and is on pace to post its worst quarter in a decade after getting hit hard by trade tension fears.

According to Piper Jaffray’s chief market technician, Craig Johnson, now could be the time to “put some chips back on the table” since the market is “shifting more from defense into more of an offensive move.”

Johnson believes $80 is a key level of support for the SMH. The ETF hit that level earlier last week and then bounced higher, so he believes the chart is indicating an uptrend.

“If you look at the SMH we’ve pulled right back to support around $80. We’re starting to see on a ratio chart the SMH outperforming the S&P 500. I think now is the time to put some back on,” he said on Friday’s “Trading Nation.”

While he thinks the ETF can move higher, he isn’t expecting it to soar.

“We’re probably going to be range-bound. Probably $80 on the lower end, $100 on the upper end. We’re going to have to trade them in 2019, but I think this is a good way to trade it at this point,” he added.

The SMH closed at around $86 on Friday, so hitting $100 would be a gain of more than 16 percent.

Applied Materials, Lam Research, Qorvo and AMD were among the SMH’s top performers last week, with each name gaining more than 5 percent.

Boris Schlossberg, managing director of FX strategy at BK Asset Management, also believes the chip stocks are range-bound for the near future, which is why he’s staying away.

“I think it’s dead money for the time being. I would much rather short the rallies than try to buy the dips at this point,” he said.

Schlossberg thinks there are a number of headwinds for the sector heading into 2019, including a peak in the capital expenditures cycle, trade tensions with China, as well as an overall slowdown in the cloud services space.

“Until we get 5G, until we get a new technology story that’s kind of interesting and capex spend picks up, I really don’t see a big upside to SMH,” he contended.


Company: cnbc, Activity: cnbc, Date: 2018-12-31  Authors: pippa stevens, michael nagle, bloomberg, getty images, adam jeffery, brendan mcdermid, alex edelman, afp, kcna, thomas barwick getty images
Keywords: news, cnbc, companies, say, set, heres, dip, thinks, quarter, chip, stocks, 80, smh, trade, market, etf, support, buy, week, worst, think, believes, decade


Home Forums

    • Forum
    • Topics
    • Posts
    • Last Post