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Recessions in the semiconductor industry hearken back to the days before computing. They're inventory recessions. Supply exceeds demand, so production slows while supply is worked off. Once inventory comes back into balance, prices rise and supply resumes.Source: Hairem / Shutterstock.com The latest results from Nvidia (NASDAQ:NVDA) indicate the latest chip recession, which began a year ago, is already easing. Net income of $552 million, 90 cents per share was down by half from what it was then. But revenue of $2.58 billion was up 16% from the previous quarter.This put some wind back beneath the wings of the stock. It shot up $10 per share almost immediately. With the stock market roaring back, Nvidia opened Aug. 19 up another $5, at $164.InvestorPlace - Stock Market News, Stock Advice & Trading Tips Smart Money BuyingBut the smart money was already in. So was I. I picked up 100 shares for my retirement account in May, so after a bumpy ride (it has since been as low as $132) I'm in the money. * 7 Safe Dividend Stocks for Investors to Buy Right Now I have also recommended the shares twice since the start of July. First I recommended it for those who look good in leather jackets, like Nvidia CEO Jensen Huang. More recently I have counseled patience, calling it an essential long-term holding.Over the next 5-10 years the future for Nvidia looks so bright you need to wear shades.Nvidia is the leader in computer graphics as even Microsoft (NASDAQ:MSFT) acknowledged in using it for its video game Minecraft. NVDA's only cloud rival in data center graphics is Alphabet (NASDAQ:GOOG, NASDAQ:GOOGL), so cloud companies that want to keep up almost have to buy its silicon.The same technology that makes computer games pretty and brings in the Bitcoin is essential to delivering artificial intelligence from clouds. Even if Advanced Micro Devices (NASDAQ:AMD) increases its share of an Nvidia market, Nvidia will prosper.The data center business will be further fortified by the pending acquisition of Mellanox (NASDAQ:MLNX), whose internal communications fabric gives Nvidia a more complete solution for cloud builders. Nvidia has already announced a "cloud in a box" to bring new applications to the network edge, to factories and office buildings. What AI Means for NvidiaWith Nvidia, artificial intelligence means computers can respond easily to natural language requests, making more applications self-service. In his conference call after the earnings announcement Huang said over 4,000 AI startups are now working with his company. Graphics chips are getting better at recognizing objects, bringing self-driving cars, trucks and buses closer.The point is that AI isn't just a cloud thing. It's also an edge thing. Building intelligence into factories and cities, not just for maintenance but for regular operations, will be the next leg in demand. Chips for those applications are about to be released.As a demonstration of what is possible, Nvidia is delivering Jetson Nano, a small-scale development kit with both hardware and software. These kits are available online for as little as $100 and by 2025, machine learning will be a $40 billion market. The Bottom Line on NVDA StockEven if there's a general recession ahead, technology is the first industry out of it. Office jobs that disappeared in the 2001 recession did not come back. Neither did the sales jobs that disappeared in the 2008 recession. It's hard to tell which jobs will disappear this time, but at minimum there will be fewer operators standing by.When automation becomes a survival strategy, Nvidia will be a good stock to be in. Since the bottom of the last recession NVDA stock is up 1,200%. More good times are ahead.Dana Blankenhorn is a financial and technology journalist. He is the author of the environmental story, Bridget O'Flynn and the Bear, available at the Amazon Kindle store. Write him at email@example.com or follow him on Twitter at @danablankenhorn. As of this writing he owned shares in NVDA and MSFT. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 10 Cheap Dividend Stocks to Load Up On * The 10 Biggest Losers from Q2 Earnings * 5 Dependable Dividend Stocks to Buy The post Nvidia Stock Will Survive the Chip Recession appeared first on InvestorPlace.
Bilibili (BILI) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
Pure Storage's (PSTG) robust adoption of FlashArray & FlashBlade solutions is driving growth. However, currency headwinds, and high tariffs owing to trade war between the U.S. and China remains headwind.
Canadian Solar (CSIQ) posts better-than-expected results for second-quarter 2019. Additionally, the company raises its full-year shipment view.
Zayo's (ZAYO) fiscal fourth-quarter results are likely to benefit from a diversified blue-chip customer base that comprises the largest and most sophisticated users of bandwidth.
CEO of Yext Inc (30-Year Financial, Insider Trades) Howard Lerman (insider trades) sold 30,000 shares of YEXT on 08/14/2019 at an average price of $19.5 a share. Continue reading...
CEO and President of Echostar Corp (30-Year Financial, Insider Trades) Michael T Dugan (insider trades) sold 100,000 shares of SATS on 08/15/2019 at an average price of $39.07 a share. Continue reading...
After several years' worth of cloudy skies, solar stocks may finally be finding their place in the sun. We have finally hit the inflection point with regards to solar installations and technology. In many areas, costs for solar -- without subsidies -- are now on par with other more traditional energy means. As a result, renewables are quickly gaining on market share from fossil fuels.According to the International Energy Agency (IEA), investments in renewable energy sources grew 55% from 2010 to 2018. More importantly, the agency predicts that 65% of all global energy spending will come from renewables like solar by 2030.For solar stocks, this is great news. No wonder why the Invesco Solar ETF (NYSEARCA:TAN) is up nearly 60% year to date.InvestorPlace - Stock Market News, Stock Advice & Trading Tips * 10 Cheap Dividend Stocks to Load Up On The long-term is very bright for solar stocks as well. With more money allocated towards renewables, the sector is finally poised to be a real moneymaker for investors. And there's still plenty of time to cash in on the biggest trends out there. For investors, the time to add solar stocks is now.With that, the sun is shinning for these three solar stocks today. Solar Stocks to Buy: First Solar, Inc. (FSLR)If you're going buy a single solar stock, it has to be kingpin First Solar (NASDAQ:FSLR). The firm has been at the forefront of several key shifts in the industry that continues to this day.FSLR started out as a maker of very efficient solar panels with some of the highest rates of sun-to-energy conversion around. This advanced technology served it well with many utility-scale solar producers.When the glut of cheaply-made Chinese panels hit the market a few years ago, FSLR switched gears into being a producer of full-scale solar plants for utilities. The firm has managed to see plenty of rising revenues from key utility customers.During the last reported quarter, FSLR managed to see its revenues jump 89% as the solar firm was able to see a great combination of rising production and growing bookings from utilities. First Solar's new Series 6 panel -- which promises high efficiency coupled with low costs -- surged, while new bookings pushed FSLR's backlog to 12.9 GW.The strong first half of the year performance, as well as continued demand from utility and residential customers, has allowed FSLR to boost its already impressive guidance for the rest of the year. The firm now expects to pull as much as $3.7 billion in revenues and EPS near $2.75 on the high end.Adding in its strong balance sheet to its key leadership position, FSLR is one of the best solar stocks to buy for the long haul. Sunrun (NASDAQ:RUN)To win in solar, it takes plenty of scale. This is especially true when it comes to residential solar installers. Putting solar panels on the roofs of consumers is a relatively low-margined business. It takes scale to clip small revenues from each one. Luckily for Sunrun (NASDAQ:RUN) it's building that scale in a big way.RUN is now the largest residential solar installer serving more than 255,000 customers and employing more than 1,700 MW worth capacity. Because of this surge in customers and installed wattage, RUN's revenues have sacked upped. Over the last three years, the firm's sales have surged by over 108%.Here's where it gets interesting for RUN. One of the problems for many residential customers is that they often don't have the cash up-front to pay for new systems. In this, Sunrun will often lease the systems to consumers. In that regard, RUN actually owns the panels on your roof. In order to make that happen, RUN needs to take out financing.If that sounds familiar, that's exactly what Tesla's (NASDAQ:TSLA) SolarCity did. But unlike TSLA -- which is having troubles -- RUN is actually seeing sales rise in a big way that's allowing to service its debts with ease. * 15 Growth Stocks to Buy for the Long Haul While it's a riskier solar stock play, RUN makes an interesting addition to a portfolio to play the rise in residential solar installations. SolarEdge (SEDG)Israel is often ignored by investors, which is a real shame. The nation has long-been a technology and healthcare powerhouse that extends into the solar sector, with SolarEdge (NASDAQ:SEDG) being a top solar stock to buy. The key is in its products.Source: Shutterstock SEDG doesn't make panels -- which can be fraught with wild price swings. What it does do is make various components needed to make solar power work. Solar panels produce direct current (DC) electricity. However, the grid and household devices use alternating current (AC) electricity. In order to get energy from a solar panel, you need to use a device called an inverter. It's here that SolarEdge shines.The firm's inverter products not only convert energy from DC to AC, but also optimize power output from panels and boost efficiency. This allows installers and consumers to get a bit more from their installations. You get a product you need that is better than the standard.Customers love it. SolarEdge reported record revenues in its last quarter -- growing more than 20%. This follows its streak of record results. Meanwhile, this niche of providing needed components has allowed SEDG to be profitable as well -- a rarity among the solar names.The best part is that SEDG has the potential to keep the growth going. Aside from solar, the firm has moved into providing renewable energy storage products as well as other inverter items for wind energy. Using the same model for solar, SolarEdge is poised to win here as well.At the time of writing, Aaron Levitt did not have a position in any of the stocks mentioned. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 10 Cheap Dividend Stocks to Load Up On * The 10 Biggest Losers from Q2 Earnings * 5 Dependable Dividend Stocks to Buy The post The Sun Is Shining on These 3 Solar Stocks appeared first on InvestorPlace.
When a company’s stock surges nearly 70% in one day, you know there’s something going on. In the case of Pivotal Software (PVTL), it’s talk of an acquisition with VMware (VMW).The players involved with the acquisition — as well as Pivotal’s history — make the story a bit complicated. VMware’s majority owner is Dell — which also is the majority owner of Pivotal, which was formed after a spin-off from VMware in 2013. So, should VMWare go through with its plans, everything will come full-circle for the young software company, which went public in 2018. And the timing couldn’t be any better — prior to the acquisition news Pivotal, shares were down about 50% for the year.Wedbush analyst Daniel Ives believes the acquisition would “end the dark days” for Pivotal, but remains cautious on the stock as he reiterates a Neutral rating and $15 price target. Ives says the move on VMware’s part is a “head scratcher.” Even though acquiring Pivotal’s “underlying cloud assets and complex developer tool ecosystem will add to the VMW product footprint and potentially expand opportunities within its installed base around cross-selling,” the analyst says the acquisition would not be “a clear plug and play fit.” Aside from product-fit, adding to the trouble is that Pivotal’s performance has been disappointing. Ives noted, "Pivotal reported a disastrous deferred revenue/billings performance in FY1Q20 which significantly missed Street expectations (by 12%) due to company specific execution issues and has been a major factor in the stock being down significantly since early June, which as we have discussed in the past makes it an attractive M&A candidate."Moving forward, Ives’ believes the lingering question is what are the strategic merits behind this possible acquisition other than just the current valuation of Pivotal. The analyst believes the $15 price target is fair, which would also be the exact value the company went public with less than two years ago. While its possible the deal falls apart, given the history of the two companies, it’s more likely than average that things will work out. All in all, Wall Street sizes up PVTL as a ‘Moderate Buy’ stock, as the bulls edge out the cautious on the cloud platform provider. In the last 3 months, PVTL has received 5 bullish ratings versus 3 analysts hedging their bets, and one bear who doubts the company can secure a turnaround. The 12-month average price target of $16.89 reflects about 20% upside potential from current levels. (See PVTL’s price targets and analyst ratings on TipRanks)
Moody's Investors Service ("Moody's") has completed a periodic review of the ratings of NCR Corporation and other ratings that are associated with the same analytical unit. The review was conducted through a portfolio review in which Moody's reassessed the appropriateness of the ratings in the context of the relevant principal methodology(ies), recent developments, and a comparison of the financial and operating profile to similarly rated peers. This publication does not announce a credit rating action and is not an indication of whether or not a credit rating action is likely in the near future.
Synopsys' (SNPS) third-quarter fiscal 2019 results are likely to benefit from the increasing uptake of its strong product portfolio. However, Huawei ban remains a major headwind for the company.
Per CommScope (COMM), its investment to develop more efficient solutions in the field of digital distributed antenna systems goes back many years.
It's no shocker, but Thursday has been another volatile trading session. Following Wednesday's action -- where the Dow Jones Industrial Average fell 800 points and the Nasdaq Composite tumbled 3% -- it was a mixed session in the stock market today. It wasn't exactly the rebound that bulls were hoping to muster given the massive declines experienced a day prior.The stock market got off to a quick rally on the day, took an afternoon spill and then regained its footing. The SPDR S&P 500 ETF (NYSEARCA:SPY) rallied roughly 0.4%, the PowerShares QQQ ETF (NASDAQ:QQQ) was mostly flat and the SPDR Dow Jones Industrial Average ETF (NYSEARCA:DIA) finished higher by about 0.6%.InvestorPlace - Stock Market News, Stock Advice & Trading Tips Movers in the Stock Market TodayShares of Pivotal Software (NYSE:PVTL) erupted almost 70% to just over $14 after it was announced that VMWare (NYSE:VMW) intends to acquire the company at $15 per share. The interesting thing is that VMW -- which is down about 7% on the announcement -- is trying to get Dell Technologies (NYSE:DELL) to exchange its B shares for A shares.General Electric (NYSE:GE) stock fell quite a bit on the day, although recovered off its lows. Shares finished lower by over 11% after a whistleblower called GE "meritless" for hiding financial problems. Accounting issues are never a good sign, and it's no wonder investors sold the stock as a result. However, management has already disputed the claim, calling it market manipulation. * 10 Stocks Under $5 to Buy for Fall Cisco Systems (NASDAQ:CSCO) took it on the chin Thursday, falling over 8% after disappointing quarterly results. While earnings and revenue results came in ahead of expectations, guidance came up a bit short. The stock blew through all sorts of significant support levels, leaving CSCO stock flailing in no man's land. Macro headwinds continue to create problems for U.S. companies and Cisco is the latest one.Alibaba (NYSE:BABA) initially jumped 5% in early Thursday trading. However, the stock closed higher by about 3% after a late-session jump. The action comes after Alibaba reported a top- and bottom-line beat and showed strength in its underlying business. Analysts liked the quarter too, praising the results and maintaining price targets significantly above current levels.(Here's how to trade Alibaba, by the way).What Canopy Growth (NYSE:CGC) investors would give to have the same post-earnings reaction as Alibaba. Shares are getting crushed Thursday, down about 15% after an earnings and revenue miss. A loss of $3.70 per share took investors by huge surprise, thanks to extinguishing warrants with Constellation Brands (NYSE:STZ).However, management did not provide an adjusted earnings result, causing concern and confusion among investors. Revenue came up short too. It was a lose-lose report and now shares are at their lowest point since the start of 2019.The demand for bonds remains intense, as the iShares 20+ Year Treasury Bond ETF (NASDAQ:TLT) continues to press higher. The ETF hit a new 52-week high on Thursday and the upside volatility continues to cause investor concern in the equity market in the short term. Key Levels to Watch Above is a chart of the SPY ETF, representing the S&P 500. With Thursday's afternoon decline, the August lows near $281.72 were almost tested. Buyers stepped in early enough to prevent it, but many traders are hesitant to buy without the SPY not testing the 200-day moving average.A test of the 200-day would "clear the air" for a lot of investors, so to speak. It would also give investors a pullback down to the 38.2%. Seeing how SPY reacts to this level would help investors gauge what type of environment we're working with.The 20-day is now below the 50-day moving average, indicating that the short-term trend is now more bearish. If the August lows hold, see if the SPY can reclaim the 100-day moving average (not shown above) at $239.40.Bret Kenwell is the manager and author of Future Blue Chips and is on Twitter @BretKenwell. As of this writing, Bret Kenwell did not hold a position in any of the aforementioned securities. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 10 Stocks Under $5 to Buy for Fall * 5 Stocks to Avoid Amid the Ongoing Trade War * 7 5G Stocks to Buy Now for the Future The post Stock Market Today: GE, Cisco and Canopy Make Wild Moves appeared first on InvestorPlace.
All 10 companies on this list of the biggest pre-IPO cash guzzlers are either trading below their first day offering price or are out of business.
M&A news for Thursday includes VMware (NYSE:VMW) announcing that it is looking at a deal to acquire Pivotal Software (NYSE:PVTL).Source: Sundry Photography / Shutterstock.com The M&A news surrounding the two companies has PVTL stock taking off. However, it looks like the talks are still in the early stages. The information from VMware doesn't provide much in the way of details, but Dell Technologies (NYSE:DELL), which controls both companies, has a little more to say.Currently, Dell Technologies wants a deal that values shares of PVTL stock at $15 each. This represents a roughly 81% premium over the stock's closing price on Wednesday. It would also value the company at around $4 billion. The two are also working on an exchange rate for Class B shares of PVTL stock for Class A shares of VMW stock, Reuters notes.InvestorPlace - Stock Market News, Stock Advice & Trading TipsHere's what VMware has to say about the M&A news."VMware regularly evaluates potential partnerships and acquisitions that would accelerate our strategy. Pivotal is a long-term strategic partner and we're already successfully collaborating to help enterprises in their application development and infrastructure transformation." * 10 Stocks Under $5 to Buy for Fall VMware goes on to note that this M&A news doesn't mean that there is going to be a deal. Instead, it says that its Board of Directors will continue to work with the best interest of VMW shareholders in mind. It also won't be providing anymore updates unless it reaches an agreement with Pivotal Software.PVTL stock was up 68%, VMW stock was down 6% and DELL stock was down 4% as of Thursday afternoon. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 10 Stocks Under $5 to Buy for Fall * 5 Stocks to Avoid Amid the Ongoing Trade War * 7 5G Stocks to Buy Now for the Future As of this writing, William White did not hold a position in any of the aforementioned securities.The post M&A News: Pivotal Software (PVTL) Stock Skyrockets on VMware Deal Talk appeared first on InvestorPlace.
Nvidia’s stock went from unstoppable to nearly uninvestable in the matter of a few weeks last year and has not recovered. The sudden drop in Nvidia’s (NVDA) stock price and a competitive ecosystem that’s hard to understand are two reasons the chipmaker has scared away growth investors, who have opted for momentum bets such as cloud-software companies. The fact that semiconductor companies are cyclical, and mired in the U.S.-China trade war, has further overshadowed Nvidia’s growth potential.
VMware says it's proceeding to merge all outstanding shares of Pivotal's class a stock at $15 per share in cash. Jared Blikre joins Akiko Fujita on 'The Ticker' to discuss.