Facebook is soaring on earnings. Three experts weigh in

An earnings beat has Facebook shares flying. Investors also overlooked $3 billion in legal expenses tied to a Federal Trade Commission inquiry into privacy concerns. Three experts weigh in on the quarter. Timothy Lesko, principal at Granite Investment Advisors, is unconcerned with the billions in legal costs this quarter. Gene Munster, founder and managing partner of Loup Ventures, is a convert on the stock after this earnings report.


An earnings beat has Facebook shares flying. Investors also overlooked $3 billion in legal expenses tied to a Federal Trade Commission inquiry into privacy concerns. Three experts weigh in on the quarter. Timothy Lesko, principal at Granite Investment Advisors, is unconcerned with the billions in legal costs this quarter. Gene Munster, founder and managing partner of Loup Ventures, is a convert on the stock after this earnings report.
Facebook is soaring on earnings. Three experts weigh in Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-04-25  Authors: keris lahiff, niall carson, pa images, getty images, zhang peng, lightrocket, luke sharrett, bloomberg, tyrone siu, kcna
Keywords: news, cnbc, companies, soaring, quarter, revenue, users, report, number, legal, investors, experts, really, facebook, strong, earnings, weigh


Facebook is soaring on earnings. Three experts weigh in

An earnings beat has Facebook shares flying.

The social network added more than 6% on Thursday, racing to its highest level since July, after topping estimates on its top and bottom line for the first quarter. Investors also overlooked $3 billion in legal expenses tied to a Federal Trade Commission inquiry into privacy concerns.

Three experts weigh in on the quarter.

Mark Zgutowicz, senior analyst at Rosenblatt Securities, said that while the sales numbers were impressive, there was another figure that smashed his expectations.

“Revenues came in in-line, but the big number was U.S. advertising which was very strong, roughly 20% above what we were expecting so very strong trends for a second quarter straight in the U.S. and this is a seasonally weak Q1 quarter so an impressive number there.”

Timothy Lesko, principal at Granite Investment Advisors, is unconcerned with the billions in legal costs this quarter.

“While certainly it was a good earnings number, it was a good revenue number and whatever the one-time cost or two-time cost that this FTC fine is going to be, it doesn’t really affect what investors are looking for in the future out of a company like Facebook. Their report on monthly active users, daily active users and revenue is what’s really important to this company and we really want to see that revenue number continue to grow because that’s the secret in this stock.”

Gene Munster, founder and managing partner of Loup Ventures, is a convert on the stock after this earnings report.


Company: cnbc, Activity: cnbc, Date: 2019-04-25  Authors: keris lahiff, niall carson, pa images, getty images, zhang peng, lightrocket, luke sharrett, bloomberg, tyrone siu, kcna
Keywords: news, cnbc, companies, soaring, quarter, revenue, users, report, number, legal, investors, experts, really, facebook, strong, earnings, weigh


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Facebook is soaring on earnings. Three experts weigh in

An earnings beat has Facebook shares flying. Investors also overlooked $3 billion in legal expenses tied to a Federal Trade Commission inquiry into privacy concerns. Three experts weigh in on the quarter. Timothy Lesko, principal at Granite Investment Advisors, is unconcerned with the billions in legal costs this quarter. Gene Munster, founder and managing partner of Loup Ventures, is a convert on the stock after this earnings report.


An earnings beat has Facebook shares flying. Investors also overlooked $3 billion in legal expenses tied to a Federal Trade Commission inquiry into privacy concerns. Three experts weigh in on the quarter. Timothy Lesko, principal at Granite Investment Advisors, is unconcerned with the billions in legal costs this quarter. Gene Munster, founder and managing partner of Loup Ventures, is a convert on the stock after this earnings report.
Facebook is soaring on earnings. Three experts weigh in Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-04-25  Authors: keris lahiff, niall carson, pa images, getty images, zhang peng, lightrocket, luke sharrett, bloomberg, tyrone siu, kcna
Keywords: news, cnbc, companies, soaring, quarter, revenue, users, report, number, legal, investors, experts, really, facebook, strong, earnings, weigh


Facebook is soaring on earnings. Three experts weigh in

An earnings beat has Facebook shares flying.

The social network added more than 6% on Thursday, racing to its highest level since July, after topping estimates on its top and bottom line for the first quarter. Investors also overlooked $3 billion in legal expenses tied to a Federal Trade Commission inquiry into privacy concerns.

Three experts weigh in on the quarter.

Mark Zgutowicz, senior analyst at Rosenblatt Securities, said that while the sales numbers were impressive, there was another figure that smashed his expectations.

“Revenues came in in-line, but the big number was U.S. advertising which was very strong, roughly 20% above what we were expecting so very strong trends for a second quarter straight in the U.S. and this is a seasonally weak Q1 quarter so an impressive number there.”

Timothy Lesko, principal at Granite Investment Advisors, is unconcerned with the billions in legal costs this quarter.

“While certainly it was a good earnings number, it was a good revenue number and whatever the one-time cost or two-time cost that this FTC fine is going to be, it doesn’t really affect what investors are looking for in the future out of a company like Facebook. Their report on monthly active users, daily active users and revenue is what’s really important to this company and we really want to see that revenue number continue to grow because that’s the secret in this stock.”

Gene Munster, founder and managing partner of Loup Ventures, is a convert on the stock after this earnings report.


Company: cnbc, Activity: cnbc, Date: 2019-04-25  Authors: keris lahiff, niall carson, pa images, getty images, zhang peng, lightrocket, luke sharrett, bloomberg, tyrone siu, kcna
Keywords: news, cnbc, companies, soaring, quarter, revenue, users, report, number, legal, investors, experts, really, facebook, strong, earnings, weigh


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Tesla should be valued at less than $100 a share, investor says

Tesla heads into its earnings report out after the bell Wednesday trading at its lowest level in six months. There is no company that’s better at overpromising and under-delivering than Tesla,” said Mark Tepper, founder and president of Strategic Wealth Partners, on CNBC’s “Trading Nation” on Tuesday. Tesla has not traded below $100 since mid-2013. Following earnings, Katie Stockton, founder of Fairlead Strategies, said the company needs to hold one key level to prevent it from tumbling. “There’


Tesla heads into its earnings report out after the bell Wednesday trading at its lowest level in six months. There is no company that’s better at overpromising and under-delivering than Tesla,” said Mark Tepper, founder and president of Strategic Wealth Partners, on CNBC’s “Trading Nation” on Tuesday. Tesla has not traded below $100 since mid-2013. Following earnings, Katie Stockton, founder of Fairlead Strategies, said the company needs to hold one key level to prevent it from tumbling. “There’
Tesla should be valued at less than $100 a share, investor says Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-04-24  Authors: keris lahiff, mark ralston, afp, getty images, kevin frayer, lindsey wasson, david becker, getty images news, kcna, thomas barwick getty images
Keywords: news, cnbc, companies, share, need, 100, level, stock, stockton, tesla, hold, company, thats, valued, trading, support, investor


Tesla should be valued at less than $100 a share, investor says

Tesla heads into its earnings report out after the bell Wednesday trading at its lowest level in six months.

One strategist said it should get even worse for the electric car maker.

“This is a company that has a cult following – people that believe that [Elon Musk] is changing the world – and that’s the only reason this stock is trading at $260. There is no company that’s better at overpromising and under-delivering than Tesla,” said Mark Tepper, founder and president of Strategic Wealth Partners, on CNBC’s “Trading Nation” on Tuesday.

Tepper said its true valuation should be even lower.

“If I were to believe Tesla’s stories, with a 35% projected earnings growth rate, even at a PEG [price/earnings to growth] ratio that’s at a premium to the market, you still can’t value the stock at over $100 a share and $100 is on the very high end,” he said.

Tesla has not traded below $100 since mid-2013. It would need to drop 62% to reach that level.

A storm of headwinds are coming for the company, which could shake the stock, Tepper said. He mentioned an expiring tax credit, which could hurt demand, and increased competition, which means the company is jockeying for customers over price as well as quality.

“Quite frankly my biggest issue is management doesn’t execute on what they say. I don’t need management selling me a bill of goods. I want execution and you’re not getting that from Tesla,” said Tepper.

Tesla has not responded to a request for comment.

Following earnings, Katie Stockton, founder of Fairlead Strategies, said the company needs to hold one key level to prevent it from tumbling.

“There’s a very strong support level right around $250 for Tesla so we really want to see that level hold to preserve the long-term neutral bias of the chart,” Stockton said Tuesday on “Trading Nation.” “The latest down move that we’ve seen has been significant. It has marked underperformance. It’s very rare right now to see in the marketplace a stock that actually topped last December and this is one of those few, but we need some stabilization near support to get convinced that we have a basing phase in place for Tesla.”

“I also feel like to me that the support is likely to hold because we have seen a slight loss of downside momentum,” Stockton said.


Company: cnbc, Activity: cnbc, Date: 2019-04-24  Authors: keris lahiff, mark ralston, afp, getty images, kevin frayer, lindsey wasson, david becker, getty images news, kcna, thomas barwick getty images
Keywords: news, cnbc, companies, share, need, 100, level, stock, stockton, tesla, hold, company, thats, valued, trading, support, investor


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Twitter is surging and the rally shows no signs of slowing, chart analyst says

Why this trader says Twitter has more upside potential than Facebook, Snap 22 Hours Ago | 02:35Twitter is surging. That move also pushed Twitter out of bear market territory, now less than 20% off its 52-week high. Matt Maley, equity strategist at Miller Tabak, said that Twitter still looks like the social stock with the most upside even with Tuesday’s surge. Facebook has added nearly 40% this year, while Snap has rocketed 117% higher, compared with Twitter’s 35% gain. Alphabet has the largest w


Why this trader says Twitter has more upside potential than Facebook, Snap 22 Hours Ago | 02:35Twitter is surging. That move also pushed Twitter out of bear market territory, now less than 20% off its 52-week high. Matt Maley, equity strategist at Miller Tabak, said that Twitter still looks like the social stock with the most upside even with Tuesday’s surge. Facebook has added nearly 40% this year, while Snap has rocketed 117% higher, compared with Twitter’s 35% gain. Alphabet has the largest w
Twitter is surging and the rally shows no signs of slowing, chart analyst says Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-04-23  Authors: keris lahiff, david becker, getty images news, getty images, daniel acker, bloomberg, michael nagle, eddie seal, kcna, thomas barwick getty images
Keywords: news, cnbc, companies, surging, weighting, maley, signs, chart, twitter, facebook, xlc, rally, higher, companies, snap, range, trading, slowing, shows, analyst


Twitter is surging and the rally shows no signs of slowing, chart analyst says

Why this trader says Twitter has more upside potential than Facebook, Snap 22 Hours Ago | 02:35

Twitter is surging.

The stock rose more than 10% in early trading Tuesday after beating earnings and topping sales estimates for its first quarter. That move also pushed Twitter out of bear market territory, now less than 20% off its 52-week high.

Matt Maley, equity strategist at Miller Tabak, said that Twitter still looks like the social stock with the most upside even with Tuesday’s surge.

“Even though Snap and Facebook have seen a series of nice higher highs and higher lows, they’re getting very extended and very overbought,” Maley said.

Facebook has added nearly 40% this year, while Snap has rocketed 117% higher, compared with Twitter’s 35% gain.

Twitter has “been stuck in a sideways range for six months now and you really have to go back to June before it was really rallying in any significant way,” Maley said Monday on CNBC’s “Trading Nation.”

Twitter had ping-ponged in a tight range between roughly $26 and $35. It had not traded above that level since mid-2018 until Tuesday when it broke out above $38.

It now needs to hold that level through to the close, said Maley.

“If it can hold above that range ($36.25 is the top of that range on a closing basis), it’s going to be quite positive,” Maley said in an email on Tuesday. “It hasn’t attracted any ‘momentum money’ for 10 months. If it continues to break above that range over the coming days, it’s going to attract some of that momentum money (much like FB did after they reported their 4th quarter earnings).”

Twitter led the XLC communications services sector ETF higher Tuesday. The ETF has added 20% in 2019, outpacing the 16% gain of the S&P 500.

However, Chad Morganlander, senior portfolio manager at Washington Crossing Advisors, says to steer clear of the group.

“We would avoid this altogether,” Morganlander said on “Trading Nation” on Monday. “In fact, because of the concentration risk about 40% of this sector is based off of two companies and the other top 10, it’s basically 70%.”

Alphabet has the largest weighting in the XLC, contributing 24%, and Facebook chases with a 19% weighting. The next three components – Disney, Comcast and Netflix, contribute more than 15%.

“Our viewpoint is that the social media companies as well as some of the search companies are stretched at this inflection point,” said Morganlander.

Disclosure: Comast owns CNBC parent NBCUniversal, which is an investor in Snap .


Company: cnbc, Activity: cnbc, Date: 2019-04-23  Authors: keris lahiff, david becker, getty images news, getty images, daniel acker, bloomberg, michael nagle, eddie seal, kcna, thomas barwick getty images
Keywords: news, cnbc, companies, surging, weighting, maley, signs, chart, twitter, facebook, xlc, rally, higher, companies, snap, range, trading, slowing, shows, analyst


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Twitter is surging and the rally shows no signs of slowing, chart analyst says

Why this trader says Twitter has more upside potential than Facebook, Snap 22 Hours Ago | 02:35Twitter is surging. That move also pushed Twitter out of bear market territory, now less than 20% off its 52-week high. Matt Maley, equity strategist at Miller Tabak, said that Twitter still looks like the social stock with the most upside even with Tuesday’s surge. Facebook has added nearly 40% this year, while Snap has rocketed 117% higher, compared with Twitter’s 35% gain. Alphabet has the largest w


Why this trader says Twitter has more upside potential than Facebook, Snap 22 Hours Ago | 02:35Twitter is surging. That move also pushed Twitter out of bear market territory, now less than 20% off its 52-week high. Matt Maley, equity strategist at Miller Tabak, said that Twitter still looks like the social stock with the most upside even with Tuesday’s surge. Facebook has added nearly 40% this year, while Snap has rocketed 117% higher, compared with Twitter’s 35% gain. Alphabet has the largest w
Twitter is surging and the rally shows no signs of slowing, chart analyst says Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-04-23  Authors: keris lahiff, david becker, getty images news, getty images, daniel acker, bloomberg, michael nagle, eddie seal, kcna, thomas barwick getty images
Keywords: news, cnbc, companies, surging, weighting, maley, signs, chart, twitter, facebook, xlc, rally, higher, companies, snap, range, trading, slowing, shows, analyst


Twitter is surging and the rally shows no signs of slowing, chart analyst says

Why this trader says Twitter has more upside potential than Facebook, Snap 22 Hours Ago | 02:35

Twitter is surging.

The stock rose more than 10% in early trading Tuesday after beating earnings and topping sales estimates for its first quarter. That move also pushed Twitter out of bear market territory, now less than 20% off its 52-week high.

Matt Maley, equity strategist at Miller Tabak, said that Twitter still looks like the social stock with the most upside even with Tuesday’s surge.

“Even though Snap and Facebook have seen a series of nice higher highs and higher lows, they’re getting very extended and very overbought,” Maley said.

Facebook has added nearly 40% this year, while Snap has rocketed 117% higher, compared with Twitter’s 35% gain.

Twitter has “been stuck in a sideways range for six months now and you really have to go back to June before it was really rallying in any significant way,” Maley said Monday on CNBC’s “Trading Nation.”

Twitter had ping-ponged in a tight range between roughly $26 and $35. It had not traded above that level since mid-2018 until Tuesday when it broke out above $38.

It now needs to hold that level through to the close, said Maley.

“If it can hold above that range ($36.25 is the top of that range on a closing basis), it’s going to be quite positive,” Maley said in an email on Tuesday. “It hasn’t attracted any ‘momentum money’ for 10 months. If it continues to break above that range over the coming days, it’s going to attract some of that momentum money (much like FB did after they reported their 4th quarter earnings).”

Twitter led the XLC communications services sector ETF higher Tuesday. The ETF has added 20% in 2019, outpacing the 16% gain of the S&P 500.

However, Chad Morganlander, senior portfolio manager at Washington Crossing Advisors, says to steer clear of the group.

“We would avoid this altogether,” Morganlander said on “Trading Nation” on Monday. “In fact, because of the concentration risk about 40% of this sector is based off of two companies and the other top 10, it’s basically 70%.”

Alphabet has the largest weighting in the XLC, contributing 24%, and Facebook chases with a 19% weighting. The next three components – Disney, Comcast and Netflix, contribute more than 15%.

“Our viewpoint is that the social media companies as well as some of the search companies are stretched at this inflection point,” said Morganlander.

Disclosure: Comast owns CNBC parent NBCUniversal, which is an investor in Snap .


Company: cnbc, Activity: cnbc, Date: 2019-04-23  Authors: keris lahiff, david becker, getty images news, getty images, daniel acker, bloomberg, michael nagle, eddie seal, kcna, thomas barwick getty images
Keywords: news, cnbc, companies, surging, weighting, maley, signs, chart, twitter, facebook, xlc, rally, higher, companies, snap, range, trading, slowing, shows, analyst


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Oil surges as US ends Iran sanction waivers—four experts forecast what’s next

Crude prices surged after the announcement, with the U.S. benchmark, West Texas Intermediate crude, gaining nearly 3 percent. So I think that’s one potential silver lining of higher oil. And so my guess is that economic activity stays where it is [and] oil prices will remain relatively constant. That’s going to couple with what we’ve been seeing in Venezuela, this likely forcing the oil price up [like] we’ve seen this morning. RBC Capital Markets’ head of U.S. equity strategy, Lori Calvasina, wa


Crude prices surged after the announcement, with the U.S. benchmark, West Texas Intermediate crude, gaining nearly 3 percent. So I think that’s one potential silver lining of higher oil. And so my guess is that economic activity stays where it is [and] oil prices will remain relatively constant. That’s going to couple with what we’ve been seeing in Venezuela, this likely forcing the oil price up [like] we’ve seen this morning. RBC Capital Markets’ head of U.S. equity strategy, Lori Calvasina, wa
Oil surges as US ends Iran sanction waivers—four experts forecast what’s next Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-04-22  Authors: lizzy gurdus, eddie seal, bloomberg, getty images, johannes eisele, afp, anna moneymaker, kcna, thomas barwick getty images, source
Keywords: news, cnbc, companies, price, experts, market, forecast, thats, sanction, think, prices, whats, higher, energy, surges, oil, going, ends, iran, crude, waiversfour


Oil surges as US ends Iran sanction waivers—four experts forecast what's next

Things are heating up in the energy market.

The Trump administration announced Monday that it would end exemptions to its sanctions on Iran, a move meant to significantly curb Iran’s oil output. Crude prices surged after the announcement, with the U.S. benchmark, West Texas Intermediate crude, gaining nearly 3 percent.

Here’s what experts say higher oil prices could mean for the broader market:

Savita Subramanian, head of U.S. equity and quantitative strategy at Bank of America Merrill Lynch, said a significant uptick in the price of crude would likely be a double-edged sword:

“[Higher] oil is actually good for corporate profits because the S&P [500] is levered to oil, so I think this could be a source of positive earnings surprise[s] for the year where analysts are penciling in super low expectations. So I think that’s one potential silver lining of higher oil. And then … consumers are making more money, so we might not feel that energy pinch until we get to higher levels. But $5 a gallon in California is not a good environment to be in, so we’re getting to a point where this could turn ugly.”

Aperture Investors CEO Peter Kraus didn’t anticipate major changes to the status quo:

“I think the oil prices are going to continue to reflect this sort of restriction in supply. And we’re not going to see a lot of new drilling based on these prices. We’re not going to see more holes being punched into the world to create more oil at these current prices. And so my guess is that economic activity stays where it is [and] oil prices will remain relatively constant. […] People predicted oil was going to go to $100, $120 a barrel, which I don’t see happening.”

Alex Dryden, global market strategist at J.P. Morgan, said macroeconomic global risks could catch up to the oil market itself:

“I think what you’re looking at is incoming restrictions on supply. That’s going to couple with what we’ve been seeing in Venezuela, this likely forcing the oil price up [like] we’ve seen this morning. Now, again, it’s about how sustainable that oil price is. You look at … the futures market. Go three years out — you typically go out that far when you want to take out political risk and look at how much geopolitical risk premium [is] priced into oil. Right now, it’s some of the highest levels since the Arab Spring. That’s not exactly a great backdrop for energy companies to really be able to continue to put that oil number in in a reliable way going forward. So, certainly some question marks over it.”

RBC Capital Markets’ head of U.S. equity strategy, Lori Calvasina, was fairly bullish on the prospect of higher oil prices for the broader market:


Company: cnbc, Activity: cnbc, Date: 2019-04-22  Authors: lizzy gurdus, eddie seal, bloomberg, getty images, johannes eisele, afp, anna moneymaker, kcna, thomas barwick getty images, source
Keywords: news, cnbc, companies, price, experts, market, forecast, thats, sanction, think, prices, whats, higher, energy, surges, oil, going, ends, iran, crude, waiversfour


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The last time semis stocks did this they dropped 14%

Semis stocks are their most overbought in more than a year 3:15 PM ET Wed, 17 April 2019 | 03:09Semis are on fire. The SMH ETF’s relative strength index, a momentum measure, has stretched past 70, the level that typically indicates overbought conditions. “If you look back at February, as the semis were moving higher, the SMH hit 70. Not all semis stocks have performed well over the past year, though. The SMH ETF trades at 17 times forward earnings, but its constituents vary wildly.


Semis stocks are their most overbought in more than a year 3:15 PM ET Wed, 17 April 2019 | 03:09Semis are on fire. The SMH ETF’s relative strength index, a momentum measure, has stretched past 70, the level that typically indicates overbought conditions. “If you look back at February, as the semis were moving higher, the SMH hit 70. Not all semis stocks have performed well over the past year, though. The SMH ETF trades at 17 times forward earnings, but its constituents vary wildly.
The last time semis stocks did this they dropped 14% Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-04-18  Authors: keris lahiff, michaela rehle, getty images, monty rakusen, cultura, sopa images, lightrocket, johannes eisele, afp, kcna
Keywords: news, cnbc, companies, semis, higher, 14, smh, overbought, trades, etf, 70, stocks, dropped, trading, times, past


The last time semis stocks did this they dropped 14%

Semis stocks are their most overbought in more than a year 3:15 PM ET Wed, 17 April 2019 | 03:09

Semis are on fire.

The SMH semiconductor ETF has surged nearly 5% in the past week, getting a boost from Qualcomm after it settled a years-long royalties dispute with Apple.

However, that spike has taken the chips to their most overbought levels since January 2018. The SMH ETF’s relative strength index, a momentum measure, has stretched past 70, the level that typically indicates overbought conditions. The last time its RSI was that high at the beginning of last year it marked a peak that preceded a 14% drop in less than three weeks.

JC O’Hara, chief market technician at MKM Partners, isn’t worried.

“I never want to use the word ‘overbought’ because it carries such a bad connotation. What is really overbought? Overbought is just a momentum surge,” O’Hara said on CNBC’s “Trading Nation” on Wednesday. “If you look back at February, as the semis were moving higher, the SMH hit 70. If you sold then, you would have missed an additional 12% on the upside.”

Since the ETF’s RSI peaked above 70 in late February, it has rallied to its highest level ever. The ETF notched fresh records on Tuesday and Wednesday.

“Taking a step back, overbought is actually a good thing, so we would look to be buyers of any sort of minor weakness here because we actually think the strong trends continue higher from here,” said O’Hara.

Not all semis stocks have performed well over the past year, though. While Advanced Micro Devices has rocketed 165% higher in 12 months, Nvidia has plummeted 21%. Those disparate performances are a red flag to Gina Sanchez, CEO of Chantico Global.

“The semis are a challenge right now to trade as a group,” Sanchez said on the CNBC segment. “The sector as a whole is still trading below its long-term valuation, so you could argue that that’s a buy. But I’m going to tell you there’s a lot of different stories trading in that whole group of stocks.”

The SMH ETF trades at 17 times forward earnings, but its constituents vary wildly. Micron Technology, for instance, trades at 8 times earnings, while Universal Display trades with an 67 times multiple.


Company: cnbc, Activity: cnbc, Date: 2019-04-18  Authors: keris lahiff, michaela rehle, getty images, monty rakusen, cultura, sopa images, lightrocket, johannes eisele, afp, kcna
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Qualcomm just added $26 billion to market cap—Cramer, experts weigh in

On Tuesday, chipmaker Qualcomm and iPhone maker Apple settled a yearslong dispute over patent royalties, sending shares of Qualcomm on a more than 35% tear over the course of two days, a $26 billion boost to its market cap. Cerity Partners’ Jim Lebenthal saw huge runway for Qualcomm’s stock:”I think you stick with this stock. But what happened yesterday validated … the high-margin [intellectual property] model that Qualcomm has depended on for 25 years. Pete Najarian of Investitute.com also no


On Tuesday, chipmaker Qualcomm and iPhone maker Apple settled a yearslong dispute over patent royalties, sending shares of Qualcomm on a more than 35% tear over the course of two days, a $26 billion boost to its market cap. Cerity Partners’ Jim Lebenthal saw huge runway for Qualcomm’s stock:”I think you stick with this stock. But what happened yesterday validated … the high-margin [intellectual property] model that Qualcomm has depended on for 25 years. Pete Najarian of Investitute.com also no
Qualcomm just added $26 billion to market cap—Cramer, experts weigh in Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-04-17  Authors: lizzy gurdus, sopa images, lightrocket, getty images, anthony kwan, bloomberg, source, michael nagle, kcna, thomas barwick getty images
Keywords: news, cnbc, companies, times, buying, capcramer, apple, saw, know, huge, market, added, 26, billion, stock, model, weigh, way, experts, qualcomm


Qualcomm just added $26 billion to market cap—Cramer, experts weigh in

One of big tech’s biggest battles is now over, and it’s making Wall Street more bullish on the space.

On Tuesday, chipmaker Qualcomm and iPhone maker Apple settled a yearslong dispute over patent royalties, sending shares of Qualcomm on a more than 35% tear over the course of two days, a $26 billion boost to its market cap.

Here’s what four top market watchers had to say about the newfound prospects for Qualcomm and Apple:

Jim Cramer, host of CNBC’s “Mad Money,” was excited about what this deal means for Apple:

“The thing that I don’t understand is why isn’t Apple up more? Before, we had 5G that was completely uncertain. We had no way to build a model on 5G. Now you have 5G. So … I believe next Christmas — not this year, but next year — could be the biggest Apple Christmas in history. So, you want to sell the stock now, because you know that next year at this time you can buy it back at $270?”

Cerity Partners’ Jim Lebenthal saw huge runway for Qualcomm’s stock:

“I think you stick with this stock. I do understand that it’s up something like 33% in two days, but fair value to me on this stock is $96 a share. With Apple revenues and earnings now back in the picture — they’ve been out for two years — you’re looking at earnings around $6 [per share], probably north of that. But use $6, put a 16 [times price-to-earnings] multiple on that, [and] you get to $96. If you want to know, why 16 times? Look: if this were just a chip manufacturer, you’d say 10 to 12 times. But what happened yesterday validated … the high-margin [intellectual property] model that Qualcomm has depended on for 25 years. That deserves a much higher multiple. And, look, for people who know this stock over the last 20 years, this Apple issue isn’t the first time they’ve been challenged on this. You go back to Broadcom 15 years ago; same thing happened. You had Samsung, you had countries, whether it’s Korea, China [or] the U.S. right now. This model has been tested again and again and again and they always come out on top. That’s why I love this stock at $50, but $96, 25% higher? I see that by summer.”

Pete Najarian of Investitute.com also noted how well Qualcomm was holding up:

“Yesterday I had options and stock in here, and it all started when we had some huge buying. And we were talking about everything being short term. Well, you go back to February, March: all of a sudden, we saw some October buying [and] we saw some July buying in here. By the way, those July [options were] July $62.50 calls — how are they doing? 80 cents, and now the stock’s trading, what is it? $77, $78? So these are now trading, call it, somewhere close to some real money. So these are huge gains. You have to take stuff off into that. I took it off way too early. I was taking this off yesterday in the afternoon as I’m watching the stock scream to the upside because I thought, ‘At any moment, we’re going to see something that’s going to pull it back down.’ It hasn’t happened.”

Virtus Investment Partners’ Joe Terranova had his eyes on a sidelined winner:


Company: cnbc, Activity: cnbc, Date: 2019-04-17  Authors: lizzy gurdus, sopa images, lightrocket, getty images, anthony kwan, bloomberg, source, michael nagle, kcna, thomas barwick getty images
Keywords: news, cnbc, companies, times, buying, capcramer, apple, saw, know, huge, market, added, 26, billion, stock, model, weigh, way, experts, qualcomm


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North Korea says it tested a ‘powerful warhead’

WASHINGTON — North Korea tested a new type of tactical guided weapon on Wednesday, state media Korean Central News Agency (KCNA) said Thursday morning local time. The test of “a powerful warhead” was overseen by North Korean leader Kim Jong Un and marks the first public weapons test from the rogue regime since President Donald Trump’s historic meeting with Kim in Singapore last year. North Korea, the only nation to have tested nuclear weapons this century, spent most of Trump’s first year in off


WASHINGTON — North Korea tested a new type of tactical guided weapon on Wednesday, state media Korean Central News Agency (KCNA) said Thursday morning local time. The test of “a powerful warhead” was overseen by North Korean leader Kim Jong Un and marks the first public weapons test from the rogue regime since President Donald Trump’s historic meeting with Kim in Singapore last year. North Korea, the only nation to have tested nuclear weapons this century, spent most of Trump’s first year in off
North Korea says it tested a ‘powerful warhead’ Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-04-17  Authors: amanda macias, kcna
Keywords: news, cnbc, companies, north, korea, trump, weapons, test, kim, korean, powerful, tested, trumps, tests, nuclear, warhead


North Korea says it tested a 'powerful warhead'

WASHINGTON — North Korea tested a new type of tactical guided weapon on Wednesday, state media Korean Central News Agency (KCNA) said Thursday morning local time.

The test of “a powerful warhead” was overseen by North Korean leader Kim Jong Un and marks the first public weapons test from the rogue regime since President Donald Trump’s historic meeting with Kim in Singapore last year.

The White House and Pentagon did not immediately respond to CNBC’s request for comment.

The latest revelation comes less than two months after the collapse of nuclear talks between Trump and Kim in Vietnam.

“This is a volatile country that holds the entire world at risk but, at this point, it just seems like a bunch of propaganda and a way to remind the Trump administration why they were negotiating in the first place,” Alexandra Bell, senior policy director at the Center for Arms Control and Non-Proliferation told CNBC.

“And obviously the North Koreans have been pressuring the administration for sanctions relief so I would see them as putting this little measure on the table to enhance their negotiating position if Trump and Kim sit down again,” Bell added.

North Korea, the only nation to have tested nuclear weapons this century, spent most of Trump’s first year in office perfecting its nuclear arsenal. The newest member of the world’s exclusive nuclear weapons club has stopped testing of its nukes for now as the U.S. and international community offer the possibility of relief from crippling economic sanctions.

While North Korea has paused nuclear tests that prompted Trump’s threat to bring “fire and fury” upon that country, it had already made significant progress before the historic dialogue with the U.S. started.

Under the third-generation North Korean leader, the reclusive state has conducted its most powerful nuclear test, launched its first-ever intercontinental ballistic missile and threatened to send missiles into the waters near the U.S. territory of Guam.

Since 2011, Kim has fired more than 85 missiles and four nuclear weapons tests, which is more than what his father, Kim Jong Il, and grandfather, Kim Il Sung, launched over a period of 27 years.


Company: cnbc, Activity: cnbc, Date: 2019-04-17  Authors: amanda macias, kcna
Keywords: news, cnbc, companies, north, korea, trump, weapons, test, kim, korean, powerful, tested, trumps, tests, nuclear, warhead


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Qualcomm just added $26 billion to market cap—Cramer, experts weigh in

On Tuesday, chipmaker Qualcomm and iPhone maker Apple settled a yearslong dispute over patent royalties, sending shares of Qualcomm on a more than 35% tear over the course of two days, a $26 billion boost to its market cap. Cerity Partners’ Jim Lebenthal saw huge runway for Qualcomm’s stock:”I think you stick with this stock. But what happened yesterday validated … the high-margin [intellectual property] model that Qualcomm has depended on for 25 years. Pete Najarian of Investitute.com also no


On Tuesday, chipmaker Qualcomm and iPhone maker Apple settled a yearslong dispute over patent royalties, sending shares of Qualcomm on a more than 35% tear over the course of two days, a $26 billion boost to its market cap. Cerity Partners’ Jim Lebenthal saw huge runway for Qualcomm’s stock:”I think you stick with this stock. But what happened yesterday validated … the high-margin [intellectual property] model that Qualcomm has depended on for 25 years. Pete Najarian of Investitute.com also no
Qualcomm just added $26 billion to market cap—Cramer, experts weigh in Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-04-17  Authors: lizzy gurdus, sopa images, lightrocket, getty images, anthony kwan, bloomberg, source, michael nagle, kcna, thomas barwick getty images
Keywords: news, cnbc, companies, times, buying, capcramer, apple, saw, know, huge, market, added, 26, billion, stock, model, weigh, way, experts, qualcomm


Qualcomm just added $26 billion to market cap—Cramer, experts weigh in

One of big tech’s biggest battles is now over, and it’s making Wall Street more bullish on the space.

On Tuesday, chipmaker Qualcomm and iPhone maker Apple settled a yearslong dispute over patent royalties, sending shares of Qualcomm on a more than 35% tear over the course of two days, a $26 billion boost to its market cap.

Here’s what four top market watchers had to say about the newfound prospects for Qualcomm and Apple:

Jim Cramer, host of CNBC’s “Mad Money,” was excited about what this deal means for Apple:

“The thing that I don’t understand is why isn’t Apple up more? Before, we had 5G that was completely uncertain. We had no way to build a model on 5G. Now you have 5G. So … I believe next Christmas — not this year, but next year — could be the biggest Apple Christmas in history. So, you want to sell the stock now, because you know that next year at this time you can buy it back at $270?”

Cerity Partners’ Jim Lebenthal saw huge runway for Qualcomm’s stock:

“I think you stick with this stock. I do understand that it’s up something like 33% in two days, but fair value to me on this stock is $96 a share. With Apple revenues and earnings now back in the picture — they’ve been out for two years — you’re looking at earnings around $6 [per share], probably north of that. But use $6, put a 16 [times price-to-earnings] multiple on that, [and] you get to $96. If you want to know, why 16 times? Look: if this were just a chip manufacturer, you’d say 10 to 12 times. But what happened yesterday validated … the high-margin [intellectual property] model that Qualcomm has depended on for 25 years. That deserves a much higher multiple. And, look, for people who know this stock over the last 20 years, this Apple issue isn’t the first time they’ve been challenged on this. You go back to Broadcom 15 years ago; same thing happened. You had Samsung, you had countries, whether it’s Korea, China [or] the U.S. right now. This model has been tested again and again and again and they always come out on top. That’s why I love this stock at $50, but $96, 25% higher? I see that by summer.”

Pete Najarian of Investitute.com also noted how well Qualcomm was holding up:

“Yesterday I had options and stock in here, and it all started when we had some huge buying. And we were talking about everything being short term. Well, you go back to February, March: all of a sudden, we saw some October buying [and] we saw some July buying in here. By the way, those July [options were] July $62.50 calls — how are they doing? 80 cents, and now the stock’s trading, what is it? $77, $78? So these are now trading, call it, somewhere close to some real money. So these are huge gains. You have to take stuff off into that. I took it off way too early. I was taking this off yesterday in the afternoon as I’m watching the stock scream to the upside because I thought, ‘At any moment, we’re going to see something that’s going to pull it back down.’ It hasn’t happened.”

Virtus Investment Partners’ Joe Terranova had his eyes on a sidelined winner:


Company: cnbc, Activity: cnbc, Date: 2019-04-17  Authors: lizzy gurdus, sopa images, lightrocket, getty images, anthony kwan, bloomberg, source, michael nagle, kcna, thomas barwick getty images
Keywords: news, cnbc, companies, times, buying, capcramer, apple, saw, know, huge, market, added, 26, billion, stock, model, weigh, way, experts, qualcomm


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