Get started

Semiconductors

Lam Research Sitting Near the 50-day SMAChips have been one of the stronger parts of the market lately as the economy rebounds from coronavirus and applications like cloud computing and videogaming flourish. Lam Research is a provider of chip-making equipment. It rallied on a strong earnings report in late July, but then stalled and has now pulled back. LRCX has stabilized in the last week or so. It had a large outside day on August 24 followed by an inside candle yesterday. Today’s another tight range, a potential sign of the short-term bearishness exhausting itself. The consolidation has happened immediately above its 50-day simple moving average (SMA). It tested under that key line shortly before noon today, triggering an alert on the TradeStation platform. LRCX’s current levels are also interesting because its pre-Covid peak on February 13 was $344.32. The stock broke above that level in July. It also successfully retested below it on July 24 (dragged down by Intel’s disappointing quarter). This time around, LRCX made a higher low, while staying $3 above the early 2020 high. Chips aren’t really in focus right now – especially given the big moves in Salesforce.com and Facebook, plus the looming splits in Apple and Tesla. So, LRCX may still need a little time. However, the longer-term trend still appears intact.
NASDAQ:LRCXLong
by TradeStation
Extreamly Undervalued - $10 Billion Stock Repurchase ProgramIntel Corporation provides computing, networking, data storage, and communication solutions worldwide. It operates through Data Center Group, Internet of Things Group, Non-Volatile Memory Solutions Group, Programmable Solutions Group, Client Computing Group, and All Other segments. The company offers platform products, such as CPU and chipset, system-on-chip, and multichip package products for cloud, enterprise, and communication infrastructure markets. It also provides NAND flash memory and DC persistent products for enterprise and cloud-based data centers, and users of business and consumer desktops and laptops; programmable semiconductors, such as field-programmable gate arrays, application-specific integrated circuits, and related products for communications, data center, industrial, and military markets; and various processors for notebooks, mobiles, and desktop PCs. In addition, it offers boards and systems, such as server boards and small form factor systems; and connectivity products for cellular modems, Ethernet controllers, silicon photonics, Wi-Fi, and Bluetooth. Further, the company develops computer vision and machine learning- based sensing, data analysis, localization, mapping, and driving policy technologies for advanced driver assistance systems and autonomous driving. It serves original equipment manufacturers, original design manufacturers, industrial and communication equipment manufacturers, and cloud service providers. The company was founded in 1968 and is headquartered in Santa Clara, California. Great opportunity to buy the "KING" of the industry! Intel announced a $10 Billion stock repurchase program. The stock is undervalued at current levels especially compared to overpriced AMD. Long! DISCLAIMER The Content herein is for informational purposes only, you should not construe any such information or other material as legal, tax, investment, financial, or other advice.
NASDAQ:INTCLong
by HotCharts
Follow the dark pool money on $AMD to Glory!We have been steadily buying AMD for weeks as block after block of dark pool buy money pours in! Recent dark pool blocks imgur.com They have been buying hand over fist. Given the initial Head and Shoulders bottom from March, the near term target would be the 161.8% target from that structure's extension. Please like this post 👍🏻 and give me a follow! PM for more information on how to retrieve these dark pool blocks ⚫️ on demand and watch them stream in on all of your devices.
NASDAQ:AMDLong
by mortdiggiddy
2
Taiwan Semiconductor guidance crushed Street estimatesI saw a couple articles this morning suggesting that maybe TSM sold off today because forward guidance disappointed Street expectations. That's nonsense. Revenue guidance came in about 7% above expectations, and earnings guidance came in about 15% above Street expectations. This company's guidance crushed it . The stock sold off for one reason only: it is overbought. TSM does look a bit pricey, even with the strong guidance for Q3. Even after factoring in the strong forward guidance, I am calculating forward P/E at about 21 and forward P/S at a little below 8. That's about 20% more expensive in forward P/E terms and 34% more expensive in forward P/S terms than the stock's average valuation over the last three years. In this challenging macroeconomic environment, that seems like an unreasonable valuation. It's a reflection of how inflated tech valuations have gotten due to Fed liquidity and investors piling into tech as a safe haven. Having said that, TSM has an extraordinarily strong growth narrative right now, as the company is set to take over chip production for Apple. Formerly Apple's chips were manufactured by Intel. TSM also makes chips for Qualcomm, among other large companies. Thus, I think TSM will continue to outperform the Nasdaq and is a buy on any significant pullback. Ideally, I'd like to see this stock pull back to the volume node near $53.50 before buying, but in truth I don't see that happening any time soon.
NYSE:TSMLong
by ChristopherCarrollSmith
XLNX may be ready to break out after guidance raise$XLNX made a perfect trendline test yesterday on news that it raised its Q1 revenue guidance by 5%. Although revenue is still down 14% year-over-year, the XLNX guidance raise suggests to analysts at Moody's that "broad based demand could be in a bottoming phase." XLNX has a relatively secure market position, with only one real competitor (Altera) and high barriers to entry for new competition. Moody's expects the company to continue to generate strong cash flow despite the challenging macroeconomic environment. Look for another trend line test and possible breakout in the near future. Trading plan: I will buy at $91 support, and then ride XLNX to the trend line. I will sell at the trend line, and then buy back in if it makes a decisive trend line cross.
XLong
by ChristopherCarrollSmith
Early earnings blowouts point higher for semiconductorsWe've now had a blowout earnings report from $MU, in which EPS beat by 11%, sales by 3%, and guidance by 24%(!). We also got guidance from XLNX yesterday that suggested its revenue will be about 5% higher than previously expected, above the high end of its previous range. This suggests that analysts are underestimating the sector's performance as we head into Q2 earnings season in mid-July. It also suggests that semiconductors will have far more forward visibility than most sectors, with 100% of companies so far providing guidance. Semiconductors usually are one of the strongest sectors on earnings, beating estimates at a much higher-than-average rate. Amidst the pandemic, there's been strong demand for mobile, home computing, and datacenter usage due to people working from home, so the sector has performed well. Granted, these stocks mostly aren't cheap; but investors are paying premiums for a reason. I expect the sector will outperform through the end of July. Those who've been following my posts know that my positioning is mostly defensive: I'm heavy on utilities and consumer staples. Semiconductors have the virtue of being a bit defensive, in that they're relatively insulated against pandemic impact, while also having extraordinarily high growth potential. Historically, SOXX has considerably outperformed the S&P 500.
NASDAQ:SOXXLong
by ChristopherCarrollSmith
4
Taiwan Semiconductor Provides Clear Roadmap of Market TechnicalsOften times during countertrend moves, price action can become choppy, overlapping, and difficult to read, let alone trade. It is important to be continually monitoring charts of individual issues, as well as the major averages, as often times, when one is choppy and "unreadable," the other will give a tell as to where you are, technically speaking, within any particular market cycle. For example, while the charts of the major averages have become choppy as of late, and FOMO investors exchange financial blows with traders who are looking for the proverbial "top-tick," to get short, I have taken to looking for the omnipresent "tell' stocks. These are stocks that are typically widely held, large-cap, and very liquid stocks, and as such, present a descent proxy for the overall market. At this moment, Taiwan Semiconductor (TSM) presents us with a very clear roadmap for where we are. 1) it has completed a very clear 5 wave impulse from the 1998 low 2) Clear alternation between wave 2 and 4 3) A textbook 3 wave counter-trend move of the March 2020 bottom. When the current counter-trend rally exhausts itself, the market, including TSM will be engulfed in a very strong, and profitable, wave C. There will be virtually no stock that will be unaffected, as correlations converge on 1.0 Keep watching here for updates good trading.
NYSE:TSMShort
by unforgiven
8
Taiwan Semiconductor Next-Generation Automobile TechnologyTaiwan Semiconductor Next-Generation Automobile Technology Platform Go to the Invest2Success Blog and or Contact Me for the Details NYSE:TSM NASDAQ:NVDA NASDAQ:NXPI NASDAQ:QRVO NASDAQ:TSLA $TSM #taiwansemiconductor $NVDA #nvidia $NXPI #nxpsemiconductors $QRVO #qorvo $TSLA #tesla #automotive #electricvehicles #autonomousdriving #semiconductors #technology #coronavirus #financialforecast #stocks #stockstowatch #stockmarket #wallstreet #nyse #sp500 #investing #investors #trading #traders #elliottwave #markets #finance #economy
NYSE:TSMLong
by Reyes808
Advanced Micro: If at First You Don’t Succeed…Advanced Micro Devices was the S&P 500’s top performer in both 2018 and 2019. It’s having another positive year, but remains trapped at a key resistance line that started in late February. AMD tried to break out last week after finding support at its 50-day simple moving average (SMA). It peaked out after the Fed meeting, along with the rest of the market and quickly fell back into its range. The next day brought the S&P 500’s worst drop since mid-March, but buyers still defended AMD's 50-day SMA. And, it’s holding that line again today. Bollinger Band width shows how tightly AMD has traded as prices squeeze between the 50-day SMA and the trend line. This may create the potential for a strong run if the stock closes much above $56. It’s also noteworthy that the current price zone is above its long-term high of $48.50 from June 2000. That may add fuel to the fire if it breaks out and starts running. AMD is one of the most active options underliers, averaging more than 350,000 contracts per session. Momentum traders know this name well. The bulls tried and failed last week. But will they give it another try soon?
NASDAQ:AMD
by TradeStation
1
$MX can rise in the next daysContextual immersion trading strategy idea. MagnaChip Semiconductor Corporation, together with its subsidiaries, designs, manufactures, and sells analog and mixed-signal semiconductor platform solutions for communications, Internet of Things, consumer, industrial, and automotive applications. The share price rose after announcing the director of the company, Camillo Martino, bought shares for more than $100,000. The demand for shares of the company still looks higher than the supply. These and other conditions can cause a rise in the share price in the next days. So I opened a long position from $12,67; stop-loss — $11,92. Information about take-profits will be later. Do not view this idea as a recommendation for trading or investing. It is published only to introduce my own vision. Always do your own analysis before making deals. When you use any materials, do not rely on blind trust. You should remember that isolated deals do not give systematic profit, so trade/invest using a developed strategy. If you like my content, you can subscribe to the news and receive my fresh ideas. Thanks for being with me!
NYSE:MXLong
by KozakHlib