Nvidia ‘finally stumbled:’ What every major Wall Street analyst said after the chipmaker’s earnings

“After many years of near flawless performance, Nvidia finally stumbled,” Deutsche Bank said. Nvidia had already fallen to $202.39 a share at Wednesday’s close, a plummet of more than 30 percent from its 52-week high of $292.76 a share. “We were clearly wrong on the stock,” Goldman Sachs said as the firm removed Nvidia from its list of conviction stocks. “The stock will likely not bounce back right away, given the severity of the miss,” Morgan Stanley said. Here’s a wrap of all the major analyst


“After many years of near flawless performance, Nvidia finally stumbled,” Deutsche Bank said. Nvidia had already fallen to $202.39 a share at Wednesday’s close, a plummet of more than 30 percent from its 52-week high of $292.76 a share. “We were clearly wrong on the stock,” Goldman Sachs said as the firm removed Nvidia from its list of conviction stocks. “The stock will likely not bounce back right away, given the severity of the miss,” Morgan Stanley said. Here’s a wrap of all the major analyst
Nvidia ‘finally stumbled:’ What every major Wall Street analyst said after the chipmaker’s earnings Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2018-11-16  Authors: michael sheetz, michael bloom
Keywords: news, cnbc, companies, weak, wrong, finally, goldman, earnings, remains, nvidia, wrap, major, stock, street, close, analyst, wednesdays, wednesdayafter, chipmakers, stumbled, wall


Nvidia 'finally stumbled:' What every major Wall Street analyst said after the chipmaker's earnings

Cramer: Nvidia got it so wrong no one will trust CEO for a while 2 Hours Ago | 02:57

Nvidia shares fell steeply after the chipmaker gave weak fourth quarter revenue guidance when it reported third-quarter earnings after the close on Wednesday.

“After many years of near flawless performance, Nvidia finally stumbled,” Deutsche Bank said.

Nvidia’s stock cratered 19 percent in trading, pushing the stock even deeper into correction. Nvidia had already fallen to $202.39 a share at Wednesday’s close, a plummet of more than 30 percent from its 52-week high of $292.76 a share.

“We were clearly wrong on the stock,” Goldman Sachs said as the firm removed Nvidia from its list of conviction stocks. However, Goldman said it remains “Buy-rated on the stock as our view that Nvidia has access to one of the best growth opportunity sets in Semis and that it has a sustainable competitive lead within remains unchanged.”

“The stock will likely not bounce back right away, given the severity of the miss,” Morgan Stanley said.

Here’s a wrap of all the major analyst opinions.


Company: cnbc, Activity: cnbc, Date: 2018-11-16  Authors: michael sheetz, michael bloom
Keywords: news, cnbc, companies, weak, wrong, finally, goldman, earnings, remains, nvidia, wrap, major, stock, street, close, analyst, wednesdays, wednesdayafter, chipmakers, stumbled, wall


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Rumors of weak iPhone demand heat up as at least four Apple suppliers cut revenue forecasts

At least four Apple suppliers have cut their revenue forecasts this week, fueling speculation that Apple is scaling back manufacturing of the iPhone. Reports that its major suppliers are seeing reduced orders for electrical components could shed some light on expected sales. It’s not the first time Apple has faced supply chain concerns — and none of the reports explicitly name Apple — but the number of reports is notable. Wall Street has certainly taken note, with several firms downgrading the s


At least four Apple suppliers have cut their revenue forecasts this week, fueling speculation that Apple is scaling back manufacturing of the iPhone. Reports that its major suppliers are seeing reduced orders for electrical components could shed some light on expected sales. It’s not the first time Apple has faced supply chain concerns — and none of the reports explicitly name Apple — but the number of reports is notable. Wall Street has certainly taken note, with several firms downgrading the s
Rumors of weak iPhone demand heat up as at least four Apple suppliers cut revenue forecasts Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2018-11-15  Authors: sara salinas, getty images
Keywords: news, cnbc, companies, heat, iphone, week, stock, demand, reports, forecasts, unit, apple, rumors, wall, revenue, suppliers, cut, weak


Rumors of weak iPhone demand heat up as at least four Apple suppliers cut revenue forecasts

At least four Apple suppliers have cut their revenue forecasts this week, fueling speculation that Apple is scaling back manufacturing of the iPhone.

Apple said earlier this month it would stop reporting individual unit sales and revenue figures for the iPhone, leading some to speculate that the company has something to hide. Reports that its major suppliers are seeing reduced orders for electrical components could shed some light on expected sales.

It’s not the first time Apple has faced supply chain concerns — and none of the reports explicitly name Apple — but the number of reports is notable. Wall Street has certainly taken note, with several firms downgrading the stock this week and Apple’s stock falling into bear market territory.

Here are the Apple suppliers that have cut their forecasts so far:


Company: cnbc, Activity: cnbc, Date: 2018-11-15  Authors: sara salinas, getty images
Keywords: news, cnbc, companies, heat, iphone, week, stock, demand, reports, forecasts, unit, apple, rumors, wall, revenue, suppliers, cut, weak


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Tencent’s weak gaming business is a ‘speedbump’: The Motley Fool

Tencent’s weak gaming business is a ‘speedbump’: The Motley Fool8 Hours AgoLeo Sun of The Motley Fool says Tencent is “doing better” than other Chinese gaming companies, and will see accelerated growth next year if Beijing’s restrictions on online video games are lifted.


Tencent’s weak gaming business is a ‘speedbump’: The Motley Fool8 Hours AgoLeo Sun of The Motley Fool says Tencent is “doing better” than other Chinese gaming companies, and will see accelerated growth next year if Beijing’s restrictions on online video games are lifted.
Tencent’s weak gaming business is a ‘speedbump’: The Motley Fool Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2018-11-14
Keywords: news, cnbc, companies, weak, tencents, speedbump, fool, restrictions, video, motley, tencent, online, lifted, gaming, business


Tencent's weak gaming business is a 'speedbump': The Motley Fool

Tencent’s weak gaming business is a ‘speedbump’: The Motley Fool

8 Hours Ago

Leo Sun of The Motley Fool says Tencent is “doing better” than other Chinese gaming companies, and will see accelerated growth next year if Beijing’s restrictions on online video games are lifted.


Company: cnbc, Activity: cnbc, Date: 2018-11-14
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Citigroup gets negative on chip stocks, citing weak iPhone demand

Semiconductor producer Skyworks Solutions was downgraded at Citigroup on Monday in light of Apple’s weaker-than-expected iPhone XR outlook and softer smartphone demand in China. Citi cut its price target on Skyworks to $85 from $116, representing 10.8 percent upside from Friday’s close. The analyst also cut his price target on Nvidia shares on Monday, though maintained his buy rating on the chipmaker. Malik reduced his price target on the stock to $270 from $300 based on market multiple compress


Semiconductor producer Skyworks Solutions was downgraded at Citigroup on Monday in light of Apple’s weaker-than-expected iPhone XR outlook and softer smartphone demand in China. Citi cut its price target on Skyworks to $85 from $116, representing 10.8 percent upside from Friday’s close. The analyst also cut his price target on Nvidia shares on Monday, though maintained his buy rating on the chipmaker. Malik reduced his price target on the stock to $270 from $300 based on market multiple compress
Citigroup gets negative on chip stocks, citing weak iPhone demand Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2018-11-12  Authors: thomas franck, getty images
Keywords: news, cnbc, companies, market, target, weak, citing, chip, price, citigroup, nvidia, malik, stocks, skyworks, gets, gaming, demand, smartphone, negative, iphone, wrote


Citigroup gets negative on chip stocks, citing weak iPhone demand

Semiconductor producer Skyworks Solutions was downgraded at Citigroup on Monday in light of Apple’s weaker-than-expected iPhone XR outlook and softer smartphone demand in China.

“We are downgrading Skyworks Solutions to neutral from buy post the earnings season based on broad smartphone weakness observation in China and disappointing iPhone XR unit sales, which will likely hinder radio frequency semis growth in 2019,” analyst Atif Malik wrote in a note to clients. “Additionally, we now think that 5G is a 2020 story versus our prior 2019 view with little upside in 2019 from 5G implementation.”

Malik wrote that during Skyworks’ September-quarter earnings call, management noted that a unit decline in premium smartphone and overall China softness were driving a below-seasonal December quarter. Company leadership said the March quarter expected be be down 12 percent on a seasonal basis.

Citi cut its price target on Skyworks to $85 from $116, representing 10.8 percent upside from Friday’s close.

Chip stocks were among last year’s most popular trades, as names like Nvidia, Applied Materials and Broadcom posted double- and triple-digit returns. But those names have fared far worse in 2018, as the once-hot chip stocks fell into correction territory. The iShares PHLX Semiconductor ETF is down more than 16 percent from its 52-week high reached in March,

Skyworks, too, has greatly underperformed the broader stock market in 2018, down 19.2 percent versus the S&P 500’s 4 percent gain.

While Citi may expect cooler performance from Skyworks over the next 12 months, Malik said the company expects 5G to create new lanes of spectrum and to be a “meaningful catalyst” in 2020. The total addressable market opportunity would be an additional $7 million to $8 million to the 4G market today of around $15 million.

The analyst also cut his price target on Nvidia shares on Monday, though maintained his buy rating on the chipmaker. Malik reduced his price target on the stock to $270 from $300 based on market multiple compression.

“We believe quarter-to-date gaming demand for Nvidia look in-line with expectations supported by Intel’s commentary on PC gaming demand strength in September-quarter partially offset by some residual decline in crypto demand in gaming line,” the analyst wrote. “


Company: cnbc, Activity: cnbc, Date: 2018-11-12  Authors: thomas franck, getty images
Keywords: news, cnbc, companies, market, target, weak, citing, chip, price, citigroup, nvidia, malik, stocks, skyworks, gets, gaming, demand, smartphone, negative, iphone, wrote


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Apple analysts have a long history of misreading weak iPhone demand based on supplier rumors

Shares fell 5 percent, leading the overall market to painful declines, after iPhone supplier Lumentum cut its outlook. It’s far from the first warning about iPhone shipments from the industry’s top analysts. In 2017, Citi called iPhone demand “modest” and “tempered,” and Apple beat Wall Street projections for iPhone shipments by about 1 million. And we obviously have multiple sources for things, yields might vary, supplier performance can vary, the beginning inventory positions can vary. If hist


Shares fell 5 percent, leading the overall market to painful declines, after iPhone supplier Lumentum cut its outlook. It’s far from the first warning about iPhone shipments from the industry’s top analysts. In 2017, Citi called iPhone demand “modest” and “tempered,” and Apple beat Wall Street projections for iPhone shipments by about 1 million. And we obviously have multiple sources for things, yields might vary, supplier performance can vary, the beginning inventory positions can vary. If hist
Apple analysts have a long history of misreading weak iPhone demand based on supplier rumors Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2018-11-12  Authors: sara salinas, stephen lam, magdalena petrova
Keywords: news, cnbc, companies, companys, demand, sales, vary, based, long, apple, iphone, estimates, rumors, history, supply, supplier, misreading, weak, shipments


Apple analysts have a long history of misreading weak iPhone demand based on supplier rumors

Stop me if you’ve heard this one before: An Apple analyst cuts iPhone shipment estimates based on weak supplier guidance, sendingthe company’s stock tumbling.

That’s the situation Apple was in Monday. Shares fell 5 percent, leading the overall market to painful declines, after iPhone supplier Lumentum cut its outlook.

It’s far from the first warning about iPhone shipments from the industry’s top analysts. This time it’s TF International Securities analyst Ming-Chi Kuo cutting estimates for the iPhone XR. In October, it was Goldman Sachs and estimates for the company’s sales in China. Before that, it was Nikkei, Citi Research or Barclays Capital, lowering their respective estimates for the iPhone X, the iPhone 8 or the iPhone 5 over the years.

The regular concerns around iPhone demand have become close to routine for Apple as global smartphone sales slow and upgrade cycles grow longer. Apple beats consensus estimates for shipments anyway most quarters.

In 2013, after Barclays lowered iPhone sales estimates, citing “our checks in the supply chain,” Apple reported 2.4 million more units shipped than the research firm predicted. In 2017, Citi called iPhone demand “modest” and “tempered,” and Apple beat Wall Street projections for iPhone shipments by about 1 million.

Ahead of Apple’s fiscal second-quarter report in May, the company’s market value dropped by more than $60 billion in just three trading sessions, and at least five analyst firms adjusted estimates. Reported shipments fell just shy of consensus estimates, but analysts admitted they were overly panicked.

As early as 2013, Apple CEO Tim Cook was warning against taking supply chain rumors to heart. He addressed rumors of reduced orders on the company’s earnings call for its fiscal first quarter of 2013, saying:

I would suggest it’s good to question the accuracy of any kind of rumor about build plans and also stress that even if a particular data point were factual, it would be impossible to accurately interpret the data point as to what it meant for our overall business because the supply chain is very complex. And we obviously have multiple sources for things, yields might vary, supplier performance can vary, the beginning inventory positions can vary. I mean, there’s just an inordinate long list of things that would make any single data point not a great proxy for what’s going on.

In short, Cook said Apple’s network of suppliers is deep and complicated. One supplier cutting its outlook doesn’t necessarily mean iPhone demand is down.

Of course, it’ll be harder to see how Apple stacks up against reports of declining sales when it reports earnings for the December quarter. The company said earlier this month it would stop breaking out individual sales figures for the iPhone, iPad and Mac. However, revenue and profit growth could still be a good indicator as to how well the overall iPhone business is doing as Apple tries new strategies to charge more for each device and layer paid digital services on top of each gadget it sells.

If history is any guide, analysts and investors tend to get unnecessarily spooked over one-off iPhone supplier rumors, just to be proven wrong after Apple discloses sales.


Company: cnbc, Activity: cnbc, Date: 2018-11-12  Authors: sara salinas, stephen lam, magdalena petrova
Keywords: news, cnbc, companies, companys, demand, sales, vary, based, long, apple, iphone, estimates, rumors, history, supply, supplier, misreading, weak, shipments


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Cyber-attacks, weak government, and energy shocks pose biggest risks to firms, WEF finds

Cyber security, energy price shocks and failure of national governance are among the biggest threats to business in 2018, according to research published Monday. Researchers found there were significant variations in risk perceptions between world regions. The study also revealed that worries about technological risk is on the rise, with cyber-attacks named as the top concern for executives in three of the eight regions covered. In the 2016 survey, only one region— North America — named cyber-at


Cyber security, energy price shocks and failure of national governance are among the biggest threats to business in 2018, according to research published Monday. Researchers found there were significant variations in risk perceptions between world regions. The study also revealed that worries about technological risk is on the rise, with cyber-attacks named as the top concern for executives in three of the eight regions covered. In the 2016 survey, only one region— North America — named cyber-at
Cyber-attacks, weak government, and energy shocks pose biggest risks to firms, WEF finds Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2018-11-12  Authors: chloe taylor, kacper pempel
Keywords: news, cnbc, companies, price, weak, energy, world, biggest, regions, executives, north, risks, firms, finds, wef, pose, shocks, cyberattacks, risk, technological


Cyber-attacks, weak government, and energy shocks pose biggest risks to firms, WEF finds

Cyber security, energy price shocks and failure of national governance are among the biggest threats to business in 2018, according to research published Monday.

The World Economic Forum (WEF) spoke to more than 12,000 executives around the world about what they considered to be the biggest risks to doing businesses, ranging across political, societal and technological concerns.

Researchers found there were significant variations in risk perceptions between world regions. For example, cyber-attacks were considered the number one risk by executives in Europe and advanced economies, while failure of national governance was the top concern for their Latin American counterparts.

The study also revealed that worries about technological risk is on the rise, with cyber-attacks named as the top concern for executives in three of the eight regions covered. In the 2016 survey, only one region— North America — named cyber-attacks as the biggest threat to business.

In energy-rich regions Eurasia, the Middle East and North Africa, energy price shocks were ranked as the top risk to business.


Company: cnbc, Activity: cnbc, Date: 2018-11-12  Authors: chloe taylor, kacper pempel
Keywords: news, cnbc, companies, price, weak, energy, world, biggest, regions, executives, north, risks, firms, finds, wef, pose, shocks, cyberattacks, risk, technological


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Dollar range-bound as investors await Fed rate decision; yen trades with weak bias

The dollar traded in a narrow range on Thursday as markets settled after U.S. midterm election results came in as expected, leaving investors free to focus on a Federal Reserve’s policy decision later in the global day. “The dollar is likely to benefit as we still expect the Fed to maintain its hawkish stance. The dollar strengthened 0.14 versus the yen to trade at 113.66 on Wednesday. The euro traded at $1.1429 on Thursday. The New Zealand dollar traded flat at $0.6776, with little reaction to


The dollar traded in a narrow range on Thursday as markets settled after U.S. midterm election results came in as expected, leaving investors free to focus on a Federal Reserve’s policy decision later in the global day. “The dollar is likely to benefit as we still expect the Fed to maintain its hawkish stance. The dollar strengthened 0.14 versus the yen to trade at 113.66 on Wednesday. The euro traded at $1.1429 on Thursday. The New Zealand dollar traded flat at $0.6776, with little reaction to
Dollar range-bound as investors await Fed rate decision; yen trades with weak bias Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2018-11-08
Keywords: news, cnbc, companies, dollar, euro, traded, rates, bias, currency, versus, fed, decision, weak, bank, trades, rangebound, rate, investors, yen, trade


Dollar range-bound as investors await Fed rate decision; yen trades with weak bias

The dollar traded in a narrow range on Thursday as markets settled after U.S. midterm election results came in as expected, leaving investors free to focus on a Federal Reserve’s policy decision later in the global day.

The central bank’s Federal Open Market Committee (FOMC) is expected to maintain the hawkish language seen in recent policy statements, while keeping interest rates unchanged this time.

The Fed has raised rates three times this year as the U.S. economy boomed and inflation started to pick up, and it has signaled a rate rise in December, with two more hikes by mid-2019.

“The dollar is likely to benefit as we still expect the Fed to maintain its hawkish stance. The U.S. economy needs rising rates as wage pressures are building and there is a risk of an overheating of the economy,” said Sim Moh Siong, currency strategist at Bank of Singapore.

The prospect of further Fed tightening helped the dollar recover against the euro and yen, having lost ground after the mid-term elections resulted in a split Congress, with Democrats winning control of the House of Representatives and Republicans cementing their majority in the Senate.

Expectations that the Washington will descend into gridlock has reduced President Donald Trump’s chances of pushing through a fiscal stimulus package.

The dollar index, a gauge of its value versus six major peers traded at 96.22 on Thursday, gaining 0.23 percent.

The dollar strengthened 0.14 versus the yen to trade at 113.66 on Wednesday. The dollar has gained around 1.9 percent over the Japanese currency over the last nine trading sessions due to the diverging monetary policies of the U.S. Fed and the Bank of Japan (BoJ).

While the Fed is on track to raise interest rates the Bank of Japan will press on with ultra loose monetary policy because of low growth and inflation.

The widening interest rate differential between U.S. and Japanese bonds has made the dollar a more attractive bet than the yen, which is often a funding currency for carry trades.

The euro traded at $1.1429 on Thursday. The single currency had touched an intra-day high of $1.15 on Wednesday, due to dollar weakness rather than any substantial improvement in the euro zone’s economic fundamentals.

The standoff between the EU and Rome over Italy’s budget deficit and concerns over Europe’s slowing economic growth have handicapped the euro, which has lost 4 percent versus the dollar over the last six months.

Elsewhere in the currency market, the pound traded flat at $1.3124 in early Asian trade after gaining 3.36 percent versus the dollar in the last six trading sessions, as traders bet a Brexit agreement was close.

The New Zealand dollar traded flat at $0.6776, with little reaction to its central bank keeping rates on hold at 1.75 percent on Thursday.

The Australian dollar built on its gains of the previous three trading sessions versus the greenback to trade at $0.7283, to gain 0.1 percent versus. The Aussie was cheered by stronger than expected trade data out of China, its largest trade partner.


Company: cnbc, Activity: cnbc, Date: 2018-11-08
Keywords: news, cnbc, companies, dollar, euro, traded, rates, bias, currency, versus, fed, decision, weak, bank, trades, rangebound, rate, investors, yen, trade


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Match Group shares plummets 18% after weak revenue guidance

Match Group shares plunged 18 percent on Wednesday after the company gave fourth-quarter revenue guidance that missed estimates, and spooked investors. Analysts were estimating $454 million in revenue, according to data from Refinitiv. Match Group attributed its weak forecast to a strong U.S. dollar, and impacts from the European Union’s General Data Protection Regulation (GDPR) privacy law. Match reported earnings of 39 cents per share on $443.9 million in revenue, while Wall Street expected ea


Match Group shares plunged 18 percent on Wednesday after the company gave fourth-quarter revenue guidance that missed estimates, and spooked investors. Analysts were estimating $454 million in revenue, according to data from Refinitiv. Match Group attributed its weak forecast to a strong U.S. dollar, and impacts from the European Union’s General Data Protection Regulation (GDPR) privacy law. Match reported earnings of 39 cents per share on $443.9 million in revenue, while Wall Street expected ea
Match Group shares plummets 18% after weak revenue guidance Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2018-11-07  Authors: carmin chappell, andrew harrer, bloomberg, getty images
Keywords: news, cnbc, companies, tinder, revenue, data, plummets, company, million, estimates, guidance, 18, weak, share, group, earnings, match, shares


Match Group shares plummets 18% after weak revenue guidance

Match Group shares plunged 18 percent on Wednesday after the company gave fourth-quarter revenue guidance that missed estimates, and spooked investors.

The company, which owns several dating services including Tinder and Match.com, said after the bell on Tuesday that it expects revenue between $440 million and $450 million for the quarter that ends in December. Analysts were estimating $454 million in revenue, according to data from Refinitiv.

Match Group attributed its weak forecast to a strong U.S. dollar, and impacts from the European Union’s General Data Protection Regulation (GDPR) privacy law.

However, the company’s third-quarter earnings and revenue results beat estimates. Match reported earnings of 39 cents per share on $443.9 million in revenue, while Wall Street expected earnings of 36 cents per share on $438.1 million in revenue, according to data from Refinitiv. The beat was largely due growth at Tinder, which added 344,000 subscribers in the third quarter.

Shares of Match Group have jumped by over 35 percent this year.


Company: cnbc, Activity: cnbc, Date: 2018-11-07  Authors: carmin chappell, andrew harrer, bloomberg, getty images
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Cramer calls a report on weak demand for Apple’s iPhone XR ‘complete nonsense’

Apple will have a buyback and buy every share they can , says Jim Cramer 4 Hours Ago | 02:07CNBC’s Jim Cramer on Monday was skeptical of a report in Japan’s Nikkei newspaper that said demand for Apple’s iPhone XR appears to be disappointing. His charitable trust owns Apple stock. Separately, the company’s stock was downgraded by Rosenblatt Securities, which said it has lowered its expectations for iPhone production and shipments. Apple pulled the broader tech sector lower last week, falling more


Apple will have a buyback and buy every share they can , says Jim Cramer 4 Hours Ago | 02:07CNBC’s Jim Cramer on Monday was skeptical of a report in Japan’s Nikkei newspaper that said demand for Apple’s iPhone XR appears to be disappointing. His charitable trust owns Apple stock. Separately, the company’s stock was downgraded by Rosenblatt Securities, which said it has lowered its expectations for iPhone production and shipments. Apple pulled the broader tech sector lower last week, falling more
Cramer calls a report on weak demand for Apple’s iPhone XR ‘complete nonsense’ Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2018-11-05  Authors: berkeley lovelace jr
Keywords: news, cnbc, companies, apple, cramer, stock, nonsense, demand, iphone, tech, lower, report, apples, xr, companys, complete, calls, production, weak


Cramer calls a report on weak demand for Apple's iPhone XR 'complete nonsense'

Apple will have a buyback and buy every share they can , says Jim Cramer 4 Hours Ago | 02:07

CNBC’s Jim Cramer on Monday was skeptical of a report in Japan’s Nikkei newspaper that said demand for Apple’s iPhone XR appears to be disappointing.

The paper earlier Monday quoted sources as saying the Cupertino, California-based tech company has told suppliers Foxconn and Pegatron to stop preparing additional production lines.

“This is complete nonsense,” Cramer said on “Squawk on the Street.” His charitable trust owns Apple stock.

Apple shares were more than 2 percent lower midmorning Tuesday after the report. Separately, the company’s stock was downgraded by Rosenblatt Securities, which said it has lowered its expectations for iPhone production and shipments.

Apple pulled the broader tech sector lower last week, falling more than 6 percent on Friday, after the company’s iPhone shipments for last quarter missed estimates. Apple also offered light guidance and announced major changes to its reporting structure.

Cramer, the host of “Mad Money,” said at the time that investors shouldn’t give up on the company’s stock despite Apple’s management botching the way it announced a change to its earnings reporting.

“My advice now is to let this stock settle down. Give the sellers who don’t believe [CEO] Tim Cook’s explanation a couple more days to get out. Then, if you don’t own it, I’d start buying it,” he said Friday.

Cramer has long warned investors against selling Apple’s stock on news reports about iPhone demand.

Nikkei did not immediately respond to a request for comment on Cramer’s remarks.

— CNBC’s Elizabeth Gurdus contributed to this report.


Company: cnbc, Activity: cnbc, Date: 2018-11-05  Authors: berkeley lovelace jr
Keywords: news, cnbc, companies, apple, cramer, stock, nonsense, demand, iphone, tech, lower, report, apples, xr, companys, complete, calls, production, weak


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Cramer: ‘Thaw’ in US-China relations and weak data sent stocks higher

Data on U.S. manufacturing growth and President Donald Trump’s tweet about speaking with the Chinese president paved the way for stocks to continue climbingin Thursday’s trading session, CNBC’s Jim Cramer said. “I’ve been saying that we need to see the Fed or the president blink in their respective battles against inflation and China. The Manufacturing Index, which tracks national factory activity, was at its lowest level since April. “Remember, weaker data gives Fed Chair Jerome Powell some wig


Data on U.S. manufacturing growth and President Donald Trump’s tweet about speaking with the Chinese president paved the way for stocks to continue climbingin Thursday’s trading session, CNBC’s Jim Cramer said. “I’ve been saying that we need to see the Fed or the president blink in their respective battles against inflation and China. The Manufacturing Index, which tracks national factory activity, was at its lowest level since April. “Remember, weaker data gives Fed Chair Jerome Powell some wig
Cramer: ‘Thaw’ in US-China relations and weak data sent stocks higher Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2018-11-01  Authors: elizabeth gurdus
Keywords: news, cnbc, companies, data, thaw, fed, way, stocks, hikes, weak, president, cramer, relations, manufacturing, sent, index, uschina, rate, prices, higher


Cramer: 'Thaw' in US-China relations and weak data sent stocks higher

Data on U.S. manufacturing growth and President Donald Trump’s tweet about speaking with the Chinese president paved the way for stocks to continue climbingin Thursday’s trading session, CNBC’s Jim Cramer said.

Between a report that showed “a real slowdown” in manufacturing growth in October — a sign that could lead the Federal Reserve to pause its interest rate hikes — and “a thaw” in U.S.-China relations, much of the stock market managed to mount a recovery from its October lows, Cramer said.

“I’ve been saying that we need to see the Fed or the president blink in their respective battles against inflation and China. Neither one blinked today, but … we got a glimpse of how things could go right and it sent stocks flying,” the “Mad Money” host said.

Cramer found the manufacturing report from The Institute for Supply Management especially interesting. The Manufacturing Index, which tracks national factory activity, was at its lowest level since April. New orders, production and the employment index all fell since last month.

“Now, I’m not saying they need to stop tightening immediately,” he said. “I am absolutely fine with another rate hike next month because I want to ensure that the economy won’t overheat, just like the Fed. After all, the ISM purchases index, which measures prices for raw materials, jumped from 66 to 71. That’s too hot.”

But with wood, metal and oil prices declining, Cramer suspected companies would find a way to offset price increases with lower fuel costs to save U.S. consumers from tariff-related pain.

“I think those lower [commodity] prices will work their way through the system in a positive way, which means the inflation problem will solve itself,” he said. “Remember, weaker data gives Fed Chair Jerome Powell some wiggle room to pause his plans for three more rate hikes next year, rate hikes that I think could really hurt the economy if the data continues to show deceleration.”

Paired with Trump’s tweet, which sent stocks of companies that build their products in China higher, it was the “one-two punch” the stock market needed coming out of October, the “Mad Money” host said.

“If the Fed or the president blink for real, … we could have more upside,” he said. “But after this remarkable run indeed, let’s not get too greedy.”

Stocks ended the trading session mostly higher, with the Dow Jones Industrial Average capping off a more than 900-point gain over the last three days. The S&P 500 rose by 1 percent and the Nasdaq Composite climbed 1.7 percent.


Company: cnbc, Activity: cnbc, Date: 2018-11-01  Authors: elizabeth gurdus
Keywords: news, cnbc, companies, data, thaw, fed, way, stocks, hikes, weak, president, cramer, relations, manufacturing, sent, index, uschina, rate, prices, higher


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