According to recent data, semiconductor equipment maker KLA saw its rating cut by Wells Fargo, with the firm downgrading the company’s stock from Overweight to Equal Weight. Despite this, Wells Fargo increased the price target on KLA shares to $920 from $870. This news sent KLA’s stock price dipping around 1% premarket on Tuesday.
The downgrade comes as the semiconductor industry faces global economic uncertainty, with Q2 seeing a significant decline in stocks. In fact, semiconductor stocks slipped an astonishing 14% during this period, highlighting the sector’s vulnerability to market fluctuations.
Neil Sethi
@neilksethi
·
Jul 5 Following this week’s data, Goldman’s 2Q GDP tracker drops nine tenths from last Friday to 3.0% (-0.6% on Friday’s data alone), although their estimate of domestic final sales (a measure of underlying growth trends that combines consumer spending and business investment) improved
471TO
@TOzgokmen
·
Jul 3 NYFed Q2 GDP estimate clearly slowing down.
Exports/imports
Home/apartment sales & prices
Retail sales
Oil & gasoline prices
OPEC+ including Iran’s production
Inflation
Student loan delinquencies
Credit scores
Auto/CC delinquencies
ADP jobs
Two
FactSet
@FactSet
·
Jul 3 Get the full earnings article here: https://bit.ly/3TjJPPj
Analysts lowered Q2 EPS estimates for S&P 500 companies by 4.2% during the quarter.
This percentage is above the 5-year average and the 10-year average for a quarter.
The Energy sector recorded the largest
Mike Zaccardi, CFA, CMT
@MikeZaccardi
·
Jul 7 All S&P 500 sectors down, SMID & ex-US underperforming. Bonds, bitcoin lower.
Bit of a 4th of July hangover to begin the first full week of 2H.
ET NOW
@ETNOWlive
·
Jul 1 #MarketAlert | Wall Street kicks off H2 with a tech selloff—Dow jumps, Nasdaq slides, eyes now on jobs data & Trump’s tax bill
#StockMarket #DowJones #Nasdaq #TechStocks #USJobs #Trump #MarketUpdate
Weiss Ratings LLC
@WeissRatings
·
Jul 1 Q2 was an absolute rollercoaster ride for stocks.
From April 1 to April 8, the market plummeted 11.5% but is now up 5.2% year to date.
Geopolitics and trade policy are the main drivers of this volatility. And that’s not going away.
To provide the best experiences, we use technologies like cookies to store and/or access device information. Consenting to these technologies will allow us to process data such as browsing behavior or unique IDs on this site. Not consenting or withdrawing consent, may adversely affect certain features and functions.
Functional
Always active
The technical storage or access is strictly necessary for the legitimate purpose of enabling the use of a specific service explicitly requested by the subscriber or user, or for the sole purpose of carrying out the transmission of a communication over an electronic communications network.
Preferences
The technical storage or access is necessary for the legitimate purpose of storing preferences that are not requested by the subscriber or user.
Statistics
The technical storage or access that is used exclusively for statistical purposes.The technical storage or access that is used exclusively for anonymous statistical purposes. Without a subpoena, voluntary compliance on the part of your Internet Service Provider, or additional records from a third party, information stored or retrieved for this purpose alone cannot usually be used to identify you.
Marketing
The technical storage or access is required to create user profiles to send advertising, or to track the user on a website or across several websites for similar marketing purposes.
