Tag: Stocks

Marvell Technology Group Ltd. designs, develops, and markets analog, mixed-signal, digital signal processing, and embedded and standalone integrated circuits.  In a nutshell, Marvell is another player in the 5G space.

Marvell grew it networking business 60% year over year and with the acquisition of Cavium last year, now accounts for a little over 50% of the sales. 

Management believes that the company is entering a new product cycle driven by 5G, data center, automotive and enterprise markets and demand for their 5G products should increase in the coming quarters as deployments pick up.

I have been watching this stock since late March and

On Monday Google reported their first quarter earnings and on Tuesday the stock price dropped the most in seven years.

Google reported revenue of $36.3 billion, up 17% over the previous year.  Google’s ad revenue consisted of 85% of that revenue or $30.7 billion which was up from $26.6 billion.  The company said they remain focused and excited by significant growth opportunities across their other business.  However, Wall Street didn’t want to hear that.  They wanted to know why the ad revenue growth decelerated from 24% a year ago to 15%.    I think what really pissed Wall Street off was Google

Amazon recently announcement of evolving their Prime free two-day shipping program to be a free one-day shipping program.  On the news, Target shares decline 5.7% on Friday.  On Monday, Target was upgraded by Barclays to overweight from equal-weight with a price target of $115, which represent a roughly 50% appreciation in the stock price.

“If we focus on the two categories TGT appears to have the most competitive advantages in , Apparel and Home Furnishings, we believe TGT has a minimum ~$140 billion sales opportunity for market share,” analyst Matthew McClintock wrote.This market expansion should help the company overcome the margin

Western Digital Corporation develops, manufactures, and sells data storage devices and solutions worldwide. It offers client devices, including hard disk drives (HDDs) and solid state drives (SSDs) for computing devices, such as desktop and notebook PCs, security surveillance systems, gaming consoles, and set top boxes; flash-based embedded storage products for mobile phones, tablets, notebook PCs, and other portable and wearable devices, as well as automotive, IoT, industrial, and connected home applications; flash-based memory wafers; and embedded storage solutions and iNAND embedded flash products, such as multi-chip package solutions.

RW Baird analyst Tristan Gerra downgraded the stock to underperform from neutral with

During Amazon quarterly earnings’ conference call last week, Brian Olsavsky, the chief financial officer said they are evolving their Prime free two-day shipping program to be a free one-day shipping program.  The news sent shock waves through the retail space after the announcement.  However, this was ultimately Amazon’s plan from day one, well not exactly day one.  Over the years, Amazon has ignored Wall Street and continued spending money building fulfillment centers.  In 2005, there were about 12 fulfillment centers.  Today there are over 100 fulfillment centers. 

To support the goal of one day shipping, Amazon started taking the logistics of

Amazon reported
first-quarter last week.  Amazon reported
earnings of $7.09 per share which was over 100% higher year over year. Net
sales were $59.70 billion which reflected year-over-year growth of 17%.

Breaking down the revenue, North America revenues (60% of sales) increased 16.6% from the year-ago quarter to $35.81 billion. International revenues (27% of sales) increased 9% year over year to $16.19 billion. Amazon Web Services (AWS) revenues (13% of sales) surged 41.4% year over year to $7.69 billion.

On the news price broke the daily supply at $1910.

During the subsequent conference call, Amazon dropped a bombshell that could have far-reaching implications, not only for

Tesla reported first quarter earnings last week.  The results missed both, earnings and revenue expectations.  Tesla lost $702 million or $4.10 in earnings compared to $494 million, or $2.90 a share, compared with a loss of $3.35 a share a year ago.

Tesla Inc’s stock price fell
5% on Friday and fell 14% for the week to its lowest since January 2017.

Daniel Ives of Wedbush cut his rating on Tesla TSLA to neutral from outperform, the equivalent of buy, in a scorching note that reflected equal amounts of frustration and despair.“In our 20 years of covering tech stocks on the Street we