Broadcom Inc. (AVGO) CEO Hock Tan on Q3 2020 Results - Earnings Call Transcript
- Broadcom Inc. (NASDAQ:AVGO) Q3 2020 Results Conference Call September 03, 2020 05:00 PM ET Company Participants Beatrice Russotto - Director, IR Hock Tan - President and CEO Tom Krause - CFO Conference Call Participants Vivek Arya - Bank of America Ross Seymore - Deutsche Bank John Pitzer - Credit Suisse Craig Hettenbach - Morgan Stanley Stacy Rasgon - Bernstein Research Harlan Sur - JP Morgan Toshiya Hari - Goldman Sachs Blayne Curtis - Barclays Harsh Kumar - Piper Sandler Edward Snyder - Charter Equity C.J.
- 09/03/2020
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Google: FAANNG's Red-Headed Stepchild
- With all the talk surrounding Tesla and Apple, Google (Alphabet) has been left flying under the radar.
- 09/03/2020
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Texas Instruments: Shareholder Friendly And Dishing Out The Chips
- TI delivered an admirable Q2 EPS report despite significant softness in the important automotive segment.
- 08/28/2020
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The QQQ: It's All About IT
- Not all tech ETFs/funds are created equal. The QQQ ETF is based on the NASDAQ-100 - the largest 100 domestic and international non-financial companies listed on the Nasdaq Stock Market based on market capitalization.
- 08/27/2020
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X86 Killer Pt 2: Nvidia Stealthily Leaked The DPU! How The 3 Semiconductor Musketeers Will React
- Start-up company Fungible reports new DPU chips with 10x faster performance than CPUs, at 3x less the cost. NVIDIA also recently announced a DPU product in May.
- 08/24/2020
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Tracking George Soros's Portfolio - Q2 2020 Update
- Soros' 13F portfolio value increased from $1.98B to $4.48B this quarter. The number of positions increased from 118 to 141.
- 08/21/2020
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Datadog: What Investors Should Expect After Dash 2020
- Datadog's evolving security capabilities are compelling. Datadog has competitive advantages to win in the SecOps and IT-Ops segments.
- 08/21/2020
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Tracking David Tepper's Appaloosa Management Portfolio - Q2 2020 Update
- David Tepper’s 13F portfolio value increased from $3.27B to $5.76B this quarter. Appaloosa added AT&T while increasing Alibaba Group Holdings during the quarter.
- 08/20/2020
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The Retiree's Dividend Portfolio - Jane's July Update: Resilient Dividends
- Jane's retirement accounts generated a total of $2,028.65 of dividend income for July 2020 vs. $1,988.24 of dividend income for July of 2019.
- 08/19/2020
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3 Cheap Tech Stocks to Buy Right Now
- Technology stocks have a reputation for pricey valuations. Many of the world's highest market caps are attached to tech companies that have built or revolutionized their industries. Thus, when start-up tech companies lead in an emerging industry, investors often bid up their share price, hoping for a big payday.
- 08/18/2020
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Broadcom Inc. (AVGO) Outpaces Stock Market Gains: What You Should Know
- Broadcom Inc. (AVGO) closed the most recent trading day at $330.32, moving +0.76% from the previous trading session.
- 08/17/2020
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Got $1,500? Here Are 3 of the Safest Stocks to Buy Now
- The coronavirus disease 2019 (COVID-19) pandemic has led to unprecedented volatility this year, as measured by the CBOE Volatility Index. A big reason Costco is able to separate itself from other retailers is because of its bulk-buying prowess.
- 08/17/2020
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DGI For The DIY: Q2 2020 Dividend Portfolio Update
- Despite a recession and several dividend cuts, first-half portfolio income rose by nineteen percent over 2019's total.
- 08/17/2020
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The Zacks Analyst Blog Highlights: Home Depot, AbbVie, Broadcom, 3M and Morgan Stanley
- The Zacks Analyst Blog Highlights: Home Depot, AbbVie, Broadcom, 3M and Morgan Stanley
- 08/14/2020
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Top Analyst Reports for Home Depot, AbbVie & Broadcom
- Top Analyst Reports for Home Depot, AbbVie & Broadcom
- 08/13/2020
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Got $3,000 to Invest? These 3 Tech Dividend Stocks Could Make You a Fortune
- When it comes to high-yield dividends, technology often isn't the first place to look. Three tech dividend stocks that Fool.com contributors think are worthy of $1,000 investment each are Skyworks Solutions (NASDAQ: SWKS), Broadcom (NASDAQ: AVGO), and Lam Research (NASDAQ: LRCX).
- 08/13/2020
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How Broadcom May Have Helped Make Google’s Latest AI Chip
- Broadcom’s application-specific integrated circuit business is currently generating $750 million in full-year revenue, up from $50 million in 2016, according to J.P. Morgan.
- 08/12/2020
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3 Surging Tech Stocks to Buy Now for Both Growth and Dividends
- Now might be time to be a bit more selective when it comes to buying tech stocks. So today we look at three tech stocks that pay a dividend and are poised to grow during the pandemic and beyond...
- 08/12/2020
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Broadcom Inc. (AVGO) Dips More Than Broader Markets: What You Should Know
- Broadcom Inc. (AVGO) closed the most recent trading day at $324.03, moving -1.02% from the previous trading session.
- 08/11/2020
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Broadcom Announces Completion of Exchange Offer for Senior Notes
- Broadcom Inc. (NASDAQ: AVGO) ("Broadcom" or the "Company") announced today that it has completed its offer to exchange any and all of its outstanding unregistered notes listed below that were originally issued in private placements for an equal principal amount of new issues of notes registered under the Securities Act of 1933, as amended.
- 08/10/2020
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What Does Broadcom's (NASDAQ:AVGO) CEO Pay Reveal?
- Hock Tan has been the CEO of Broadcom Inc. (NASDAQ:AVGO) since 2006, and this article will examine the executive's...
- 08/10/2020
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Why Broadcom's (NASDAQ:AVGO) CEO Pay Matters
- This article will reflect on the compensation paid to Hock Tan who has served as CEO of Broadcom Inc. (NASDAQ:AVGO...
- 08/10/2020
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Broadcom Inc. (AVGO) Hits 52-Week High, Can the Run Continue?
- Broadcom Inc. (AVGO) is at a 52-week high, but can investors hope for more gains in the future? We take a look at the company's fundamentals for clues.
- 08/06/2020
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Broadcom Inc. (AVGO) Gains But Lags Market: What You Should Know
- Broadcom Inc. (AVGO) closed the most recent trading day at $329.54, moving +0.35% from the previous trading session.
- 08/05/2020
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AVGO vs. LSCC: Which Stock Should Value Investors Buy Now?
- AVGO vs. LSCC: Which Stock Is the Better Value Option?
- 08/05/2020
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Broadcom Recommends Stockholders Reject "Mini-Tender" Offer by TRC Capital Investment Corporation
- Broadcom Inc. (NASDAQ: AVGO), has been notified that TRC Capital Investment Corporation ("TRC Capital") has made an unsolicited "mini-tender" offer to purchase up to 500,000 shares of Broadcom's common stock at $292.50 per share. The offer price is approximately 4.35% lower than the $305.79 per share closing price for Broadcom's common stock on the Nasdaq Global Select Stock Market on July 24, 2020, the last trading day before the commencement of TRC Capital's mini-tender offer, and an approximately 8.94% discount to the $321.23 per share closing price of Broadcom's common stock on August 3, 2020, the day of this release. Broadcom is not associated in any way with TRC Capital, its mini-tender offer, or its mini-tender offer documents.
- 08/04/2020
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Broadcom Inc. to Announce Third Quarter Fiscal Year 2020 Financial Results on Thursday, September 3, 2020
- Broadcom Inc. (NASDAQ: AVGO), a global technology leader that designs, develops and supplies semiconductor and infrastructure software solutions, today announced it will report its third quarter fiscal year 2020 financial results and business outlook on Thursday, September 3, 2020 after the close of the market. Broadcom's management will host a conference call at 2:00 p.m. Pacific Time on the same day to discuss these results and business outlook.
- 08/03/2020
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10 US Companies With Highest Revenue Exposure To China
- Relations between the United States and China have worsened over the last few years. The trade tariffs, the novel coronavirus, the Hong Kong security law, the closure of consulates, and China’s expansionist mindset have all contributed to the downturn in the US-China relations. The growing anti-US sentiment in the world’s most populous country could hurt American businesses […]
- 08/02/2020
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3 Dividend-Paying Tech Stocks to Buy Right Now
- Let's see why these three dividend-paying tech stocks could be worth buying today. TSMC, the world's largest contract chipmaker, manufactures chips for companies including AMD, NVIDIA, Qualcomm, and Apple (NASDAQ: AAPL).
- 08/02/2020
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Nvidia, Inphi, Broadcom Lead 5 Chip Stocks Near Buy Points
- Inphi is in buy range while Semtech, Broadcom, Microchip Technology and Nvidia are near buy points as chip stocks have been market rally leaders.
- 08/01/2020
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Nvidia Reportedly in Talks to Buy Arm From SoftBank for Over $32B
- There’s growing chatter that the graphics chip giant Nvidia is taking a serious run at buying the U.K.-based semiconductor design company, which SoftBank had acquired in 2016.
- 07/31/2020
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Broadcom Announces One Week Extension of Exchange Offer for Senior Notes to August 7, 2020
- Broadcom Inc. (NASDAQ: AVGO) ("Broadcom" or the "Company") announced today that its pending offer to exchange any and all of its outstanding unregistered notes listed below that were originally issued in private placements for an equal principal amount of new issues of notes registered under the Securities Act of 1933, as amended, currently scheduled to expire at 11:59 p.m., New York City time, on July 31, 2020, has been extended until 11:59 p.m., New York City time, on August 7, 2020.
- 07/31/2020
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Apple delivers blowout earnings, strong iPhone revenue despite COVID-19
- Apple Inc on Thursday delivered blowout quarterly results, reporting year-on-year revenue gains across every category and in every geography as consumers working and learning from home during the COVID-19 pandemic turned to its products and services. The results, which included iPhone sales some $4 billion above of analyst expectations, came on the same day that U.S. gross domestic product collapsed at a 32.9% annualized rate last quarter, the nation's worst economic performance since the Great Depression. With 60% of sales coming from international markets, the Cupertino, California-based company posted iPhone revenues of $26.42 billion, $4 billion above analyst expectations of $22.37 billion, according to IBES data from Refinitiv.
- 07/30/2020
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10 Biggest Semiconductor Companies
- With Intel leading the pack, these are the 10 biggest semiconductor companies as measured by 12-month trailing revenue.
- 07/30/2020
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The Retiree's Dividend Portfolio - Jane's June Update: Record Dividends During COVID-19
- Jane's retirement accounts generated a total of $2,047.11 of dividend income for June 2020 vs. $1,561.04 of dividend income for June of 2019.
- 07/27/2020
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Heavy Is the Head That Wears the Semiconductor Crown
- (Bloomberg Opinion) -- Just 10 days ago, I noted that Taiwan Semiconductor Manufacturing Co.’s earnings and outlook served as proof that it’s truly the global king of chips. Since then, the company has grown even stronger, but more good news also increases the burden and will likely draw far more attention than it’s comfortable with.Being bigger and more indispensable sounds like a great position to be in. Yet that could also irk competition regulators, clients and governments that, amid a tech cold war, worry that one company may have become too powerful.The way that TSMC brushed off the pending loss of orders from Huawei Technologies Co. to raise its spending plan for the year is what had recently impressed me. Then last week, Intel Corp. revealed that its next, most-advanced chips would again be delayed, sending the American company’s stock down 16%. As colleague Tae Kim noted, investors have seen this movie before. Intel has slipped up too many times in recent years, allowing rival Advanced Micro Devices Inc. to take market share, and spurring Apple Inc. to drop Intel processors in favor of designing its own.Chief Executive Officer Bob Swan’s statement that manufacturing the chips could be outsourced made it worse. Once the global leader in both design and production, Intel would be eliminating its biggest competitive advantage against AMD — whose chips are made by TSMC — in their tussle over processors used in laptops, PCs and servers. The power shift was confirmed Monday morning. TSMC jumped by its 10% daily limit in Taiwan to a record high after the Taipei-based Commercial Times newspaper reported that Intel has placed an order for its 6 nanometer chips for next year. Not only would this be an unprecedented development for both client and supplier, the reported size of the contract — 180,000 wafers — is almost as large as that for long-time client AMD (200,000 wafers), which raised its own order. As a result, according to the newspaper, the manufacturer’s leading-edge capacity is fully booked for the first half of next year. A report in Taipei’s Economic Daily News meanwhile says that Apple will set up a display R&D plant within TSMC. Recent advances are starting to merge flat-screen display and semiconductor technologies, and the chipmaker finds itself at the center of the action.These new developments are where the responsibilities of TSMC’s crown will begin to weigh. It has a long list of clients whose needs must be met. Beyond Apple and Intel, global leaders including Nvidia Corp., Qualcomm Inc., MediaTek Inc. and Broadcom Inc. all rely on TSMC to churn out chips for the planet’s electronics devices. Great, except that expanding takes years and billions of dollars. Overbuild and you’re left with idle capacity that’s quickly depreciating and burning a hole in your income statement.Another thing to keep in mind is that for all of Intel’s woes, TSMC isn’t perfect, either.In 2012, Qualcomm struggled to supply a new line of chips to its own clients, smartphone brands, because the Taiwanese company was having trouble delivering on time. That spurred a search for alternative suppliers. Two years ago, a malware attack and a separate incident involving poor chemical quality at TSMC both caused delays. By all accounts, clients forgave, but probably won’t forget.Then there are regulators. The company told investors in 2017 that it was under preliminary investigation by the European Commission “concerning alleged anti-competitive practices… in relation to semiconductor sales.” The implication was that TSMC — holding more than 50% of the global contract-manufacturing market — is too big and powerful, with reports at the time suggesting that the U.S. Fair Trade Commission was also taking a look. While it seems both probes are on hold, there’s every chance that either could be dusted off and restarted should concerns increase.The company has only grown bigger since, and become an unwilling player in the U.S.-China tech cold war. It has sought to ease concerns that so much American semiconductor prowess and supply sits offshore by announcing that it will build a factory in Arizona. Former Intel executive Peter Cleveland and U.S. Chamber of Commerce policy director Nicholas Montella have been hired to beef up its U.S. lobbying team. After decades behind the scenes, TSMC is taking an ever-bigger share of the spotlight as one of the most famous and powerful technology companies in the world. So far, it’s managed to outsmart competitors, skirt antitrust regulators, and survive early rounds of the Washington-Beijing chill. This may make it a hero to investors and the ruler of its sector, but also creates a huge target. This column does not necessarily reflect the opinion of the editorial board or Bloomberg LP and its owners.Tim Culpan is a Bloomberg Opinion columnist covering technology. He previously covered technology for Bloomberg News.For more articles like this, please visit us at bloomberg.com/opinionSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.
- 07/27/2020
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The Retirees' Dividend Portfolio: John And Jane's May Taxable Account Update
- The Taxable account generated $1,407.88 of dividends in June of 2020 compared with $936.06 of dividends in June of 2019.
- 07/20/2020
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iShares Preferred And Income Securities ETF: Worth Considering At These Levels
- My client John recently sold shares of Kimco Preferred Series L for a modest gain and decided that something more diversified would make more sense.
- 07/20/2020
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5G and Data Center Demand Has Taiwan Semiconductor Riding High
- While the world at large tries to put itself back together from the fallout caused by COVID-19, the semiconductor industry is doing more than just fine. Several reports from network infrastructure giant Broadcom (NASDAQ: AVGO) and memory chip maker Micron Technology (NASDAQ: MU) provided an early indication that several years' worth of technology development is getting compressed into 2020 due to the pandemic. The world's largest chip manufacturing outfit, Taiwan Semiconductor (NYSE: TSM), is perhaps the best proof yet of this.
- 07/16/2020
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June Portfolio Dividend Update
- June was a disappointing month in terms of dividend income, as it fell notably short Y/Y due to dividend cuts, suspensions and delays.
- 07/14/2020
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A Note On Broadcom Inc.'s (NASDAQ:AVGO) ROE and Debt To Equity
- Many investors are still learning about the various metrics that can be useful when analysing a stock. This article is...
- 07/10/2020
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Broadcom Is Close to a Major Upside Breakout on the Charts
- Semiconductor firm Broadcom is poised for a major upside breakout. Let's check the charts and indicators to see if we can arrive at a technical strategy. In this daily bar chart of AVGO, below, we can see that prices made a dramatic "V" bottom in March.
- 07/09/2020
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Synaptics Buying Rights to a Set of Broadcom IoT Technologies
- Broadcom (NASDAQ: AVGO) is about to pocket hundreds of millions of dollars by divesting a set of internet of things (IoT) assets. The buyer, human interface hardware and software maker Synaptics (NASDAQ: SYNA), has signed an agreement to buy "certain assets and manufacturing rights" connected to Broadcom's IoT products. The price is roughly $250 million, Synaptics said in its press release trumpeting the deal.
- 07/08/2020
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Broadcom Sells Its Wireless Internet Products to Synaptics. Here’s Why Wall Street Approves.
- Semiconductor manufacturer Synaptics is buying the rights to Broadcom’s wireless Internet of Things business for $250 million in cash.
- 07/08/2020
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Why Synaptics Stock Popped Today
- The computing interface specialist gets an upgrade from Wall Street after announcing an acquisition.
- 07/08/2020
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Synaptics (SYNA) Scoops Up Broadcom's IoT Unit in $250M Deal
- Synaptics (SYNA) expects to boost presence in the growing IoT market by acquiring Broadcom's IoT business as well as certain rights to its Wi-Fi, Bluetooth and GPS/GNSS products.
- 07/08/2020
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3 High-Yield Dividend Stocks That'll Double Your Money in a Decade
- With reinvestment, only minimal to modest share price appreciation would be needed to double your money with these brand-name companies.
- 07/08/2020
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Synaptics Snaps Up AVGO Wireless IoT Rights; Analyst Upgrades Stock
- Synaptics Inc (SYNA) has now signed definitive agreements to acquire certain assets and manufacturing rights for Broadcom’s (AVGO) wireless IoT business for about $250 million in an all-cash transaction. The deal is expected to close in Synaptics’ first quarter of fiscal year 2021.Under the terms of the agreements, Synaptics will acquire certain rights to Broadcom’s existing Wi-Fi, Bluetooth and GPS/GNSS products and business in the IoT market as well as future roadmap devices designed in advanced process nodes.According to Synaptics, the deal strengthens and accelerates its position in the fast-growing consumer IoT market. It expects the transaction to add $65 million in current annualized sales and provide significant revenue growth potential.“Expanding our offering in the high growth IoT market has been one of the major focus areas for Synaptics and the addition of best-in-class wireless connectivity technology to our portfolio significantly enhances our overall position,” said Michael Hurlston, CEO of Synaptics.“This acquisition complements Synaptics’ ability to sell into a broad range of devices such as IP cameras, smart displays, speakers, home automation, and gaming consoles – all of which require cutting-edge technologies including Wi-Fi 6 and 6E, Bluetooth 5.2 and GPS L5.”The transaction is expected to be immediately accretive to Synaptics’ non-GAAP gross margins and non-GAAP earnings post-close, and the company plans to finance the transaction from existing on-hand cash balance.Following the news, Rosenblatt Securities analyst Kevin Cassidy upgraded Synaptics from hold to buy with a price target of $73 (22% upside potential).He called Broadcom’s wireless connectivity products ‘best-in-class’ and told investors: “We are upgrading SYNA to Buy from Neutral based on our estimated $0.45 – $0.55 accretion to our FY21 non-GAAP EPS estimates that the Broadcom wireless IoT connectivity business can provide. We believe that with Synaptics management’s focus on IoT, the acquired $65mn/year revenue can grow roughly 5% – 10% annually.”Plus Cassidy believes that the deal helps lower the company’s dependence on the mobile display business, which faces low competitive barriers.Shares in SYNA rose 2% in Tuesday’s trading, taking the stock’s year-to-date loss to 9%. Overall analysts have a cautiously optimistic Moderate Buy consensus on Synaptics with a $80 price target (32% upside potential).(See Synaptics stock analysis on TipRanks).Related News: Facebook Quietly Testing Instagram Reels In India- Report DocuSign Buys Liveoak For $38M To Boost New Notary Offering Google, Deutsche Bank Forge 10-Year Cloud Partnership More recent articles from Smarter Analyst: * DocuSign Buys Liveoak For $38M To Boost New Notary Offering * Uber Launching Grocery Delivery Service In Latin America, Canada, And US * Google, Deutsche Bank Forge 10-Year Cloud Partnership * Facebook: COVID-19 and Ad Boycott Result in Top Analyst Slashing Estimates
- 07/08/2020
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Three iPhone Suppliers That Will Benefit From the New Design
- The launch will be delayed by a month, but Skyworks, Broadcom and Qualcomm are all likely to see increased sales once it happens.
- 07/07/2020
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'Fast Money' Traders Share Their Thoughts On Nvidia, Broadcom And Teladoc
- On CNBC's "Fast Money Halftime Report," Stephanie Link spoke about NVIDIA Corporation (NASDAQ: NVDA) after the stock reached its all-time high on an upgrade from Bank Of America.She owns the stock and she is going to hold it, but she would not buy it at these levels because it's up 69% year to date and it's trading at 50 times earnings. She would rather buy Broadcom Inc (NASDAQ: AVGO). It has a good market exposure in 5G and cloud and it also has a 4% dividend yield. She finds it cheaper than Nvidia.Josh Brown is not a buyer of Teladoc Health Inc (NYSE: TDOC). The stock was initiated at Overweight at Stephens and it reached its all-time high on Tuesday. Brown owned the stock through the pandemic for around 100 points, but he decided to take profits because he is concerned about potential competition.See more from Benzinga * Cramer Weighs In On Ciena, Harley-Davidson And More * 'Fast Money' Picks For May 11: EA, Nike, Nvidia(C) 2020 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
- 07/07/2020
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Synaptics snaps up assets of Broadcom's wireless IoT connectivity business for $250 million
- Synaptics Inc. on Tuesday said it has agreed to pay $250 million for the wireless IoT business of Broadcom Inc. . Under terms of the all-cash transaction, Synaptics will pick up certain rights to Broadcom's Wi-Fi, Bluetooth, and GPS/GNSS products and business in the IoT market. Synaptics expects the transaction to add about $65 million in annual sales. Shares of Synaptics are up 2% in after-hours trading. Broadcom's stock is flat.
- 07/07/2020
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Were Hedge Funds Right About Broadcom Inc (AVGO)?
- The latest 13F reporting period has come and gone, and Insider Monkey have plowed through 821 13F filings that hedge funds and well-known value investors are required to file by the SEC. The 13F filings show the funds' and investors' portfolio positions as of March 31st, a week after the market trough. Now, we are […]
- 07/07/2020
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There's a lot more near term risk than long term risk: Portfolio Manager
- JoAnne Feeney, Partner and Portfolio Manager at Advisors Capital Management, joins The Final Round to discuss her top picks in the tech sector and areas to look for opportunity.
- 07/06/2020
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Broadcom Announces Exchange Offer for Senior Notes
- Broadcom Inc. (NASDAQ: AVGO) ("Broadcom" or the "Company") announced today that it has commenced an exchange offer for any and all outstanding unregistered notes listed below.
- 07/06/2020
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U.S.-China Feud Gets Nasty With Red Tape as Stealth Weapon
- (Bloomberg) -- The U.S. and China are moving beyond bellicose trade threats to exchanging regulatory punches that threaten a wide range of industries including technology, energy and air travel.The two countries have blacklisted each other’s companies, barred flights and expelled journalists. The unfolding skirmish is starting to make companies nervous the trading landscape could shift out from under them.“There are many industries where U.S. companies have made long-term bets on China’s future because the market is so promising and so big,” said Myron Brilliant, the U.S. Chamber of Commerce’s head of international affairs. Now, they’re “recognizing the risk.”China will look to avoid measures that could backfire, said Shi Yinhong, an adviser to the nation’s cabinet and a professor of international relations at Renmin University in Beijing. Any sanctions on U.S. companies would be a “last resort” because China “is in desperate need of foreign investment from rich countries for both economic and political reasons.”Nevertheless, pressure is only expected to intensify ahead of the U.S. elections in November, as President Donald Trump and presumptive Democratic nominee Joe Biden joust over who will take a tougher line on China.Trump has blamed China for covering up the coronavirus pandemic he has mocked as “Kung Flu,” accused Beijing of “illicit espionage to steal our industrial secrets” and threatened the U.S. could pursue a “complete decoupling” from the country. Biden, likewise, has described President Xi Jinping as a thug, labeled mass detention of Uighur Muslims as unconscionable and accused China of predatory trade practices.And on Capitol Hill, Republicans and Democrats have found rare unity in their opposition to China, with lawmakers eager to take action against Beijing for its handling of Covid-19, forced technology transfers, human rights abuses and its tightening grip on Hong Kong.“China is going to be a punching bag in the campaign,” said Capital Alpha Partners’ Byron Callan. “But China is a punching bag that can punch back.”China has repeatedly rejected U.S. accusations over its handling of the pandemic, Uighurs, Hong Kong and trade, and it has fired back at the Trump administration for undermining global cooperation and seeking to start a “new cold war.” Foreign Minister Wang Yi last month said China had no interest in replacing the U.S. as a hegemonic power, while adding that the U.S. should give up its “wishful thinking” of changing the country.Both sides have already taken a series of regulatory moves aimed at protecting market share.The U.S. is citing security concerns in blocking China Mobile Ltd., the world’s largest mobile operator, from entering the U.S. market. It’s culling Chinese-made drones from government fleets and discouraging the deployment of Chinese transformers on the power grid. The Trump administration has also tried to constrain the global reach of China’s Huawei Technologies Co., the world’s largest telecommunications equipment manufacturer.Meanwhile, China prevented U.S. airline flights into the country for more than two months and, after the U.S. imposed visa restrictions on Chinese journalists, it expelled American journalists. It has stepped up its scrutiny of U.S. companies, with China’s state news agency casting one probe as a warning to the White House. China also has long made it difficult for U.S. telecommunications companies to enter its market, requiring overseas operators to co-invest with local firms and requiring authorization by the central government.One of the most combustible flash points has been the Trump administration’s campaign to contain Huawei by seeking to limit the company’s business in the U.S. and push allies to shun its gear in their networks.The U.S. Federal Communications Commission moved to block devices made by Huawei and ZTE Corp. from being used in U.S. networks. And the Commerce Department has placed Huawei on blacklists aimed at preventing the Chinese company from using U.S. technology for the chips that power its network gear, including tech from suppliers Qualcomm Inc. and Broadcom Inc.After suppliers found work-arounds, Commerce in May tightened rules to bar any chipmaker using American equipment from selling to Huawei without U.S. approval. The step could constrain virtually the entire contract chipmaking industry, which uses equipment from U.S. vendors such as Applied Materials Inc., Lam Research Corp. and KLA Corp. in wafer fabrication plants.The curbs also threaten to cripple Huawei. Although the company can buy off-the-shelf or commodity mobile chips from a third party such as Samsung Electronics Co. or MediaTek Inc., going that route would force it to make costly compromises on performance in basic products.Huawei was on a list the Pentagon unveiled last week of companies it says are owned or controlled by China’s military, opening them to increased scrutiny. The Ministry of Foreign Affairs in Beijing accused the Trump administration of “violating the very market economy principle the U.S. champions.”“We are strongly opposed to this,” the foreign ministry said Sunday of the Pentagon’s designation. “China urges the U.S. to stop suppressing Chinese companies without reason and provide a fair, just and non-discriminatory environment for Chinese companies to operate normally in the U.S.”After the new restrictions, the editor of the Communist Party’s Global Times newspaper tweeted that China would retaliate using an “unreliable entities list” that it first threatened at the height of the trade war last year. Although China didn’t identify companies on the list, the Global Times has cited a source close to the Chinese government as saying U.S. bellwethers such as Apple Inc. and Qualcomm could be targeted.The fallout could extend to companies heavily reliant on Chinese supply chains, as well consumer-facing brands eager to expand sales in Asia. Boeing Co., which recorded $5.7 billion of revenue from China in 2019, and Tesla Inc., the biggest U.S. carmaker operating independently in China, are among companies most exposed if relations sour further.“We’re playing in a much wider field now,” said Jim Lucier, managing director of research firm Capital Alpha Partners. “We’re not simply talking about ‘you tariff me’ and ‘I tariff you.’ The playing field is virtually unlimited.”Planes and AutomobilesU.S. automakers have also been singed. In June, China fined Ford Motor Co.’s main joint venture in the country for antitrust violations, saying Changan Ford Automobile Co. had restricted retailers’ sale prices since 2013.Aviation has been another source of tension, as both countries squabble over access to their skies. China’s decision to limit U.S. airlines operations to those services scheduled as of March 12 hurt carriers such as United Airlines Holdings Inc., Delta Air Lines Inc, and American Airlines Group Inc. that had suspended passenger flights to and from China because of the coronavirus pandemic.The U.S. responded earlier this month by initially threatening to ban all flights from China, then relenting to allow two flights weekly once Chinese officials eased their restrictions. Now, in what appears to be a staged de-escalation, China gave U.S. passenger carriers permission to operate four weekly flights to the country and earlier this month, the Trump administration matched the move by also authorizing four flights from Chinese airlines.It’s happening outside of aviation too. Consider the U.S. government’s decision to seize a half-ton, Chinese-made electrical transformer when it arrived at an American port last year and divert the gear to a national lab instead of the Colorado substation where it was supposed to be deployed. That move -- and a May executive order from Trump authorizing the blockade of electric grid gear supplied by “foreign adversaries” of the U.S. in the name of national security -- have already sent shock waves through the power sector.The effect has been to dissuade American utilities from buying Chinese equipment to replace aging components in the nation’s electrical grid, said Jim Cai, the U.S. representative for Jiangsu Huapeng Transformer Co., the company whose delivery was seized. Although Cai said the firm has supplied parts to private utilities and government-run grid operators in the U.S. for nearly 15 years without security complaints, at least one American utility has since canceled a transformer award to the company, Cai said.Trump’s directive is tied to a broader effort to bring more manufacturing to the U.S. from China. “This is a part of the administration’s efforts to impair China’s supply chains into the United States,” said former White House adviser Mike McKenna.Escalating tensions could jeopardize the U.S. economic recovery as well as China’s trade commitment to buy $200 billion in American goods and services over the next two years. The country’s purchase of U.S. goods increased last month as the economy continued its recovery from the coronavirus shutdowns, but imports are still far behind the pace needed to meet the terms of the phase one trade deal, according to Bloomberg calculations based on data from China’s Customs Administration.U.S.-China struggles also may factor into the November presidential election. Former U.S. national security adviser John Bolton alleges in a new book that Trump asked Xi to help him win re-election by buying more farm products -- a claim the White House has dismissed as untrue.“I don’t expect one single blow to send this relationship in a tailspin,” the chamber’s Brilliant said. “Each side will calibrate their reactions in a way that will not tip the scales too far.”Take the recent spat over media access. After the U.S.
- 06/29/2020
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10 Semi-Controversial Traits Of Some Of The Best Stocks
- About 25% of stocks are responsible for all of the market gains. If you want to generate alpha, you have to look for them, buy them and hold them for as long as
- 06/28/2020
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Dividend Champion And Contender Highlights: Week Of June 28
- A weekly summary of dividend activity for Dividend Champions and Contenders. Companies which changed their dividends. Companies with upcoming ex-dividend dates.
- 06/27/2020
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Don't Buy Falling Financials, Buy These Stocks Instead
- Stress test results put the brakes on banking stocks. Healthcare and technology are better sectors for alpha-generating ideas. Top stocks to add to watch lists
- 06/26/2020
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The Top 10 Semiconductor Companies
- Corporations and consumers globally use semiconductors—small conductors of electricity also known as semis or chips—in a millions of devices, including space vehicles, car computers, smartphones, medical equipment, appliances, and more.
- 06/24/2020
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The Coming 5G Boom Is Not Fully Priced in These 3 Stocks
- The late, great, Neil Peart wrote, in Tom Sawyer, “He knows changes aren’t permanent, but change is.” His words are an apt description of our modern world, an ever-changing landscape of pending tech. Right now, the shiny new change is 5G.Even the coronavirus couldn’t fully derail the coming build-out of the new 5G networks. It only delayed it. China and Korea are leading the world right now in bringing 5G networks online, with the US expanding its own new systems and Europe lagging behind. In the US, most urban areas have at least partial 5G connectivity online, and the major service providers are working to connect those centers.For investors, the key here will be finding companies that are primed to gain as 5G expands. It’s tempting to invest directly in the service providers; AT&T;, Verizon, and T-Mobile/Sprint, the three largest wireless providers, are all heavily invested in 5G networks. But they face certain headwinds that make them less than ideal as 5G investments – for the present. They are absorbing the costs of the new networks, but without bringing in the new service fees to cover those costs. From a consumer perspective, the new service is more expensive, but hasn’t surpassed existing 4G in convenience – yet.This leaves investors seeking the right place to put their money, to benefit from 5G rollouts. Two segments come to mind, both deeply involved in different ways. The first is semiconductor chips; the second, surprisingly, are real estate investment trusts. These companies, inhabiting such different niches, find themselves well-positioned to profit – for different reasons – as 5G networks expand. Those different reasons are interesting to explore, as we open the TipRanks database to see what makes semiconductors and REITs compelling investments for 5G. Let's take a closer look. Broadcom, Inc. (AVGO)First up is a long-running major market player, a large-cap stock and a perennial champion for dividend investors. Broadcom is also one of the world’s largest semiconductor chip makers, ranked the sixth biggest by annual revenue in 2019, and reporting $5.25 billion in earnings in the first quarter of 2020.Broadcom has been making waves in 5G throughout 1H20. In February, the company announced completion of a 5G switching portfolio, designed for high-capacity switches and offering the feature set needed to meet new 5G tech standards. In March, Broadcom was noted by Forbes as one of the leaders in 5G wireless infrastructure; the company is deeply invested in providing chips that power the new devices. And earlier this month, handset maker Nokia, which has been having trouble in recent months sourcing 5G chips in sufficient quantity to meet demand, signed Broadcom on a supplier of 5G chips for Nokia’s ReefShark line.With all of this good news for the company, it’s no wonder that AVGO shares have climbed 85% since hitting bottom on March 18, dramatically outperforming the broader markets. Q2 saw revenue grow to $5.74 billion, up 9% sequentially. And, despite the ongoing pandemic, the company has maintained its generous dividend, declaring $3.25 per share on June 4. The current dividend annualizes to $13 and gives an impressive yield of 4.3%.Writing on AVGO for Deutsche Bank is 5-star analyst Ross Seymore, rated 26 overall in the TipRanks analyst database. Seymore notes the Nokia arrangement, and points out that it plays to Broadcom’s strengths in addressing the 5G needs of OEM customers: “We view [the Nokia] announcement as evidence that the co's investments and engagement with infrastructure OEMs on solutions within the base station which AVGO referenced in December, are bearing fruit. Broadcom's strength in custom ASICs and in routing and switching have enabled the co to leverage its Ethernet technology in bringing the network to the Edge (base stations).”To this end, Seymore rates AVGO a Buy alongside a $360 price target, indicating a potential 16% upside for the stock this year. (To watch Seymore’s track record, click here)All in all, Broadcom has a Strong Buy from the analyst consensus, with 24 reviews breaking down to 21 Buys and only 3 Holds. Shares are priced at $311.30, and the average price target of $350.18 suggests an upside potential of 13%. (See AVGO stock analysis on TipRanks)SBA Communications (SBAC)The next stock on our list operates as a REIT, focused on cellular infrastructure sites. Specifically, SBA Communications owns small cells, distributed antenna systems, and traditional cell sites throughout the Americas and South Africa. SBA both leases and develops the properties in its portfolio – a business that perfectly positions the company to profit as telecom carriers and providers increase and densify their networks to accommodate 5G technology. This process naturally requires new cell towers, antenna placements, and small cells – and that is SBA’s core business.Standing as it does at the center of the 5G expansion, SBA is already showing gains. The company’s stock is up 4.6% since February, having fully recovered from the market collapse in February/March and survived several weeks of price volatility that followed. It’s not just share price that has gained despite coronavirus-inspired recessionary pressures. SBA has reported modest sequential gains in quarterly earnings since the beginning of 2019, a trend that continued in Q1 2020. Credit Suisse analyst Sami Badri is confident in this company’s business model and solid balance sheet. He writes, “We believe the evidence points to an initial majority mid-band spectrum buildout. Mid-band spectrum will mainly be utilized on macro towers, given its solid propagation characteristics, therefore the initial 5G wave should favor macro tower focused SBAC… With SBAC capable of raising debt at such modest rates (3.875% May 19th) while maintaining its broader tower asset ROIC of 10%, we are comfortable and constructive with its current leverage profile.”Badri rates SBAC an Outperform (i.e. Buy), and his $361 price target indicates his belief in a 23% upside potential for the stock. (To watch Badri’s track record, click here)Overall, the analyst consensus rating on SBAC, a Strong Buy is based on a 9-to-1 split between Buy and Hold reviews. The average price target, $328, implies an upside of 12% from the current trading price of $293.78. (See SBAC stock analysis on TipRanks)American Tower (AMT)Last up is American Tower, the Boston-based REIT with a global portfolio containing more than 180,000 cellular broadcast tower and wireless communication sites. The core of the portfolio is in the US, but the company has been expanding internationally, both to supplement the core holdings and to take advantage of the global nature of wireless com systems. AMT currently holds more than 40,000 US cellular sites, along with 75,000 Asia and 37,000 in Latin America.As wireless providers expand their networks to introduce 5G connections, AMT is a logical beneficiary. Due to the shorter range of 5G systems, a denser tower network will be required; AMT, which owns and leases such sites, is ramping up acquisitions to take advantage. AMT derives most of its customer base – on the order of 88% – AT&T;, Verizon, and Sprint/T-Mobile. These companies are not going anywhere, and lend a sense of permanence to AMT’s holdings.In addition, due to the long-term nature of cellular leases, AMT features a high proportion of recurring revenue in its portfolio – a feature that has insulated the company from the impact of COVID-19. AMT reported sequential gains in earnings for Q1, the coronavirus quarter, and share prices have shown a net gain during the last few months of market volatility.Analyst Sami Badri covers AMT shares as well, and he writes of the stock: “We expect Massive MIMO antennas to place more weight on towers, while taking up the same amount of physical vertical space or more on the structure. This will result in more revenue from tower leasing activity for AMT, which we expect to appear primarily as amendment revenues.”Badri is bullish on AMT, giving the stock a Buy rating with a $300 price target. His target implies an upside of 13% in the coming 12 months. Once again, we’re looking at a stock with a Strong Buy analyst consensus rating. AMT’s rating is based on 14 reviews, including 12 Buys and just 2 Holds. Shares are selling for $265.60, and the $269.42 suggests a modest upside this year. (See AMT stock-price forecast on TipRanks)To find good ideas for 5G stocks trading at attractive valuations, visit TipRanks’ Best Stocks to Buy, a newly launched tool that unites all of TipRanks’ equity insights.
- 06/23/2020
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I Wish I'd Bought (More Of) These Communications/IT Companies
- With the market rising back, and with volatility coming with some frequency during the past week, this is an excellent time to look at things we should have don
- 06/23/2020
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Why Broadcom's Stock Is Trading Higher Today
- Broadcom (NASDAQ: AVGO) shares are trading higher on Monday after Mizuho maintained a Buy rating on the stock and raised its price target from $325 to $350.Broadcom--the combined entity of Broadcom and Avago--has a diverse product portfolio across an array of end markets. Avago focused primarily on radio frequency filters and amplifiers used in high-end smartphones, such as the Apple iPhone and Samsung Galaxy devices, in addition to an assortment of solutions for wired infrastructure, enterprise storage, and industrial end markets.Legacy Broadcom targeted networking semiconductors, such as switch and physical layer chips, broadband products (such as television set-top box processors), and connectivity chips that handle standards such as Wi-Fi and Bluetooth. The company has acquired Brocade, CA Technologies, and Symantec's enterprise security business to bolster its offerings in infrastructure software and security.Broadcom shares traded up 3.20% at $312.45 on Monday. The stock has a 52-week high of $331.58 and a 52-week low of $155.67.Related links:Broadcom Reports Q1 Earnings MissReport: Broadcom Secures Financing For Symantec AcquisitionLatest Ratings for AVGO DateFirmActionFromTo Jun 2020MizuhoMaintainsBuy Jun 2020Credit SuisseReinstatesOutperform Jun 2020Piper SandlerMaintainsOverweight View More Analyst Ratings for AVGO View the Latest Analyst Ratings See more from Benzinga * Why Zscaler's Stock Is Trading Higher Today * Why Campbell Soup's Stock Is Trading Higher Today * Why Heat Biologics Stock Is Trading Higher Today(C) 2020 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
- 06/22/2020
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The Retiree's Dividend Portfolio - Jane's May Update: Following The Gameplan
- Jane's retirement accounts generated a total of $1,217.93 of dividend income for May 2020 vs. $1,149.58 of dividend income for May of 2019. Jane's Traditional I
- 06/21/2020
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The Best Stocks To Buy On Down Days
- Risk/reward shifts back to neutral, suggesting volatility will continue through the end of the quarter. Healthcare and technology are top sectors to buy on sale
- 06/21/2020
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Nokia Augments Supply Chain With Broadcom as 5G Chip Vendor
- The addition of more suppliers is likely to lead to a steady flow of raw materials for Nokia (NOK) and diversify its supply chain for custom-made chips for 5G equipment.
- 06/17/2020
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Broadcom Beats on Earnings, but Stock is Overbought
- Broadcom beat earnings estimates for the 31st consecutive quarter, but the positive reaction to this report was short lived.
- 06/17/2020
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Nokia adds Broadcom as third 5G chip vendor to diversify supply
- Field Programmable Gate Arrays (FPGAs) -- for its 5G equipment that customers could reprogramme but high costs and supply hurdles last year forced it to change course. "We still stand by the decision of going with FPGAs because it was the right thing to do at that time," Sandro Tavares, Nokia's head of mobile networks marketing, told Reuters. Nokia, which competes with Sweden's Ericsson and China's Huawei [HWT.UL], had said its 5G products could not reach the market in time due to delays by one supplier, identified by analysts as Intel.
- 06/15/2020
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[video]What Chip Suppliers Have Recently Shared About End-Market Demand
- Chip companies are still signaling that notebook and cloud server demand remain strong, but often have more cautious remarks to share about auto and industrial demand.
- 06/10/2020
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Broadcom Is a Winner for the Stay-at-Home Era and Beyond, Analyst Says
- Argus analyst Jim Kelleher reiterated a Buy rating on the stock while adding $100 to his price target, taking it to $350.
- 06/09/2020
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Zoom Video, Hewlett Packard Enterprise, Apple and Broadcom highlighted as Zacks Bull and Bear of the Day
- Zoom Video, Hewlett Packard Enterprise, Apple and Broadcom highlighted as Zacks Bull and Bear of the Day
- 06/09/2020
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3 Stocks to Help You Build Retirement Wealth
- Johnson & Johnson and two other resilient blue-chip stocks will shield your portfolio from the incoming headwinds.
- 06/09/2020
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Broadcom Just Handed the Cloud and Internet Infrastructure Industry Some Good News
- Networking hardware and software management giant Broadcom (NASDAQ: AVGO) reported Thursday on its fiscal 2020 second quarter, which included the worst of the global coronavirus crisis. Not entirely unexpected was the news that demand from networking customers -- including cloud computing and network storage -- rose when the world was shoved further down the digital road because of work-from-home and shelter-in-place. What was unexpected was Broadcom's top brass reporting that demand for some products has grown so great that it's having difficulty keeping up, offset by a sharp drop in smartphone demand and a right-sizing of the company's network software portfolio (which was patched together via its acquisitions of Brocade, CA Technologies, and most recently Symantec).
- 06/09/2020
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3 Stocks Every Retiree Should Own but Probably Doesn't
- These under-the-radar companies offer the perfect blend of growth and income that seniors are looking for in an investment.
- 06/09/2020
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Company News for June 8, 2020
- Companies In The News Are: AVGO, RH, SAIC, NVAX.
- 06/08/2020
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Apple iPhone Delay Mars Broadcom View, Puts Suppliers at Risk
- Apple (AAPL) is possibly delaying the launch of iPhone 12, as indicated by Broadcom's Q3 revenue outlook. This is likely to create pressure on its other suppliers as well at least in the near term.
- 06/08/2020
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RPT-BUZZ-U.S. stocks weekly: Flying
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Broadcom Stock Shakes Off Apple iPhone Delay To Complete Round Trip
- Semiconductor and enterprise software maker Broadcom saw its shares spike on Friday after delivering a reassuring earnings report, though its sales guidance for the current quarter was soft.
- 06/05/2020
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Dow Jones Soars 1,000 Points On 'Amazing' Jobs Report; Apple Hits All-Time High, While Boeing Surges 17%
- The major stock indexes were sharply higher early Friday after a strong jobs report. Slack plunged 19% on earnings.
- 06/05/2020
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Here's Our Latest Technical Strategy as Broadcom Has Broken Out on the Upside
- Broadcom was upgraded to a buy recommendation by TheStreet.com's quantitative service. In this daily bar chart of AVGO, below, we can see that prices and our favorite indicators are all pointed higher. The On-Balance-Volume (OBV) line shows a moderate decline from February into March and then a subsequent rally to a new high.
- 06/05/2020
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Where Broadcom Can Go If Shares Break Out to New Highs
- Broadcom is jumping on earnings even though profit was in-line with expectations. Here's how to trade the stock now as it nears new highs.
- 06/05/2020
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Broadcom Hints at iPhone Delay
- Broadcom indicated that the normal revenue uptick from orders from Apple for its next-generation iPhone is being pushed out into the fourth quarter.
- 06/05/2020
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Broadcom's Revenue Beat: What Wall Street's Saying
- Shares of Broadcom were rising Friday following its revenue beat on Thursday evening, and analysts on Wall Street wrote mostly bullish notes on the company's prospects. Broadcom shares rose 3.4% to $319.43 premarket Friday. First, the data center and storage markets will likely continue to see their current strength.
- 06/05/2020
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Broadcom (AVGO) Q2 Earnings & Revenues Surpass Estimates
- Broadcom's (AVGO) fiscal second-quarter 2020 results reflect strength in infrastructure software segment.
- 06/05/2020
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Jobs Report, Elon Musk, Unemployment - 5 Things You Must Know Friday
- Stock futures rise as markets await the U.S. jobs report for May; the unemployment rate is forecast to rise to nearly 20%; Tesla's Elon Musk says it's time to break up Amazon.
- 06/05/2020
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Dow Jones Futures Lead Coronavirus Market Rally With Jobs Report In Focus; Tesla Back In 'Friend Zone,' Slack, RH Lead Earnings Movers
- Dow Jones futures: Coronavirus stock market rally sector rotation continued, with airlines soaring and growth names falling. Tesla is in the friend zone. Slack and RH led earnings movers.
- 06/05/2020
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Broadcom Reports Solid Results, Dividend As Analysts Boost PTs
- Broadcom (AVGO) has reported an in-line April quarter, and guided to an in-line July quarter at $5.75B (consensus $5.8B). Shares in AVGO gained 1% in Thursday’s after-hours trading following the earnings release.Specifically, Q2 Non-GAAP EPS of $5.14 was in-line with consensus expectations, while GAAP EPS of $1.17 beat by $0.21. Revenue of $5.74B climbed 4% from the previous year, and topped Street estimates by $50M. Meanwhile Q2 adjusted EBITDA was $3.2B, again, coming in slightly higher than the $3.11B consensus.Semiconductor Solutions reported revenue of $4,027M (-1% y/y) but Infrastructure software revenue came in strong at $1,715M (+21% y/y).“Second quarter results were in-line with our expectations, and saw limited impact from the effects of COVID-19,” commented Hock Tan, CEO of Broadcom Inc. “Looking ahead, our third quarter guidance for semiconductors reflects a surge in demand from cloud, telecom and enterprise customers, offset by supply chain constraints and an expected substantial reset in wireless.”At the same time the company declared a $3.25/share quarterly dividend, in line with previous payouts, for a forward yield of 4.2%.“We generated record quarterly free cash flow of over $3 billion and reinforced our balance sheet, ending the quarter with over $9 billion of cash,” explained Tom Krause, CFO of Broadcom Inc. As a result, AVGO “remain[s] committed to maintaining our dividend while we navigate these unprecedented times.”Following the report Mizuho Securities analyst Vijay Rakesh reiterated his AVGO buy rating while ramping up his price target from $315 to $325 (5% upside potential).“We continue to see AVGO as well positioned, driven by 5G networking and wireless, software M&A;, strong FCF, and dividends, with near-term COVID-19 headwinds subsiding” Rakesh told investors, adding that the company is currently trading at an attractive ~13.1x F21E (Oct) P/E.Likewise RBC Capital’s Mitch Steves boosted his price target from $300 to $340 noting that AVGO is seeing much more demand than it can currently supply for Q3. “AVGO is seeing strong uplift in demand from the ramp of next-generation deep learning inference chips” the analyst wrote, while demand from enterprise customers for data protection controllers has recovered and is showing strength.Overall, AVGO scores a bullish Strong Buy Street consensus, with 19 buy ratings offset by 2 hold ratings. However, the average analyst price target stands at $303, indicating downside potential of 2%. Shares in AVGO are trading down 2% year-to-date. (See AVGO stock analysis on TipRanks).Related News: Slack Plunges 15% Post-Print Despite Multi-Year Amazon Deal Ebay Lifts Quarterly Sales and Profit Forecast; Shares Jump To All-Time High Microsoft Buys Metaswitch For Cloud-Based Telecoms Move, 5G Expansion More recent articles from Smarter Analyst: * Boeing (BA) Stock Probably Rallied Too Far, Too Fast * Latam Airlines' Shares Could Be Heading Further South; Top Analyst Says 'Sell' * Starbucks’ (SBUX) Road to Recovery Will Take Longer Than Anticipated, Says Analyst * TripAdvisor: Post Pandemic, Many Challenges Await
- 06/05/2020
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Broadcom Inc. (AVGO) Q2 2020 Earnings Call Transcript
- At this time for opening remarks and introductions, I would like to turn the call over to Beatrice Russotto, Director of Investor Relations of Broadcom, Inc. Please go ahead ma'am. Joining me on today's call are Hock Tan, President and CEO and Tom Krause, Chief Financial Officer of Broadcom.
- 06/05/2020
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Broadcom Suggests New iPhone Launch Will Be Delayed
- (Bloomberg) -- Broadcom Inc., a major Apple Inc. supplier, suggested the latest iPhones will be launched later than usual this year.Hock Tan, chief executive officer of Broadcom, discussed a “major product cycle delay” at a “large North American mobile phone” customer, during an earnings conference call with analysts on Thursday.Tan often refers to Apple this way. This time, the executive said the delay will mean the bump in wireless revenue experienced by Broadcom will happen one quarter later than usual this year.“We are in,” Hock said, referring Broadcom components in the iPhone. “The question is timing.”“This year, we do not expect to see this uptick in revenue until our fourth fiscal quarter,” the CEO added. “So accordingly, we expect, our wireless revenue in Q3 will be down sequentially.”Apple is planning to release its next iPhone line multiple weeks later than usual, Bloomberg News previously reported. The company typically unveils its new iPhones in the second half of September, but has occasionally, like in the case of the iPhone X in 2017, launched major new models later in the year.Phone makers usually order components months ahead of product launches. Apple typically releases new versions of the iPhone in September. If it followed that time line, Broadcom would receive orders in the current quarter, which runs through July. The chipmaker said that’s not happening this year. “Because of product cycle delays the trough for our fiscal year will be Q3. This coming quarter,” Tan said. “Nothing has changed in terms of designs, nothing has changed in terms of the content,” including more 5G components, the CEO added. The delay to the new iPhone release is due to the Covid-19 pandemic, which has slowed Apple engineer travel to China to finalize the devices and required employees to mostly work from home in the early months of 2020.Broadcom’s Tan also warned about “supply constraints and an expected substantial reset in wireless” when the company’s results came out on Thursday. With much of the world’s population confined to their homes, handset demand has dropped.(Updates with CEO comment in eighth paragraph.)For more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.
- 06/05/2020
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The Retiree's Dividend Portfolio - Jane's March Update: Don't Forget The Preferreds
- Jane's retirement accounts generated a total of $1,725.71 of dividend income for March 2020 vs. $1,496.76 of dividend income for March of 2019. A total of seven
- 04/22/2020
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Technology And Communication Dashboard - Update
- Valuation metrics in information technology and communication services. Evolution since last month. A list of stocks looking cheap in their industries.
- 04/21/2020
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March 2020 Dividend Portfolio Update: A Month To Remember
- March 2020 is surely a month to remember, not just for a week, a month or a year but forever. Cash has proven to be king and I have mostly run out of it just wh
- 04/07/2020
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This Time Is Different, And It's Beyond My Grasp How Come Not Everybody Thinks So
- This is the first part out of a series that is going to span over five articles. Offense (Stock Picking) Wins Games But Defense (Risk Management) Wins Champions
- 04/06/2020
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America Is Rising To The Challenge
- Our economy is dependent, or let's say interdependent, on all sectors. This is not unprecedented, according to scientific papers. Examining the different recove
- 03/31/2020
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Dividend Champion And Contender Highlights: Week Of March 29
- A weekly summary of dividend activity for Dividend Champions and Contenders. Companies which declared increased dividends. Companies with upcoming ex-dividend d
- 03/28/2020
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The Retiree's Dividend Portfolio - Jane's February Update: Companies Pull Guidance
- Jane's retirement accounts generated a total of $1,197.07 in dividend income for February 2020 vs. $1,028.71 of dividends in February of 2019. A total of three
- 03/26/2020
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China: The Global 'Safer Haven'
- China is the global equity safer-haven, first in and first out of the COVID crisis, with a restarting economy, further macro-policy flexibility, discounted equi
- 03/24/2020
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Invesco Dynamic Semiconductor ETF: Although Long-Term Growth Outlook Is Positive, Near-Term Uncertainty Is High
- PSI’s portfolio of stocks consists of 32 semiconductor stocks in the U.S. The global semiconductor industry is expected to grow rapidly in the next decade thank
- 03/19/2020
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I've Made 16 Purchases And 1 Sale During The March Volatility Thus Far
- I've been busy buying high-quality companies during this sell-off. I've made 27 trades thus far since the sell-off began (25 purchases and 2 sales). My portfoli
- 03/17/2020
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Dividend Champion And Contender Highlights: Week Of March 15
- A weekly summary of dividend activity for Dividend Champions and Contenders. Companies which declared increased dividends. Companies with upcoming ex-dividend d
- 03/14/2020
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Coronavirus Roundtable: Preparing For The Months Ahead
- We conclude our three-part Marketplace Roundtable series on the recent bear market by looking forward. We ask our authors when they think the market will be saf
- 03/14/2020
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February 2020 Dividend Portfolio Update
- February generated $347 in dividend income, up $32% sequentially and +25% Y/Y. Projected 12M forward income has hit $3,800, with Gifted Working Time amounting t
- 03/09/2020
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Nicholas Ward's Dividend Growth Portfolio: February 2020 Update
- The value of my holdings decreased by 8.01% during February, outperforming the broader markets. My dividend income stream was up 12.9% y/y. I made 14 trades dur
- 03/07/2020
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Next-Gen 3D XPoint: A Glimpse Into The Future Of Memory
- A Micron patent application reveals the ace up their sleeve. Next-gen 3D XPoint will narrow the performance gap with DRAM. Unlike the captive Intel model, Micro
- 02/24/2020
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The Top Technology Stocks To Buy
- Technology is a top sector in our weekly sector ranking. Why Alteryx, Coupa Software, Globant, and Intuit are among the highest-rated technology companies in ou
- 02/21/2020
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VanEck Vectors Semiconductor ETF Has A Solid Long-Term Growth Outlook
- SMH’s portfolio of stocks consists of 25 large-cap semiconductor stocks. The global semiconductor industry is expected to grow rapidly in the next decade thanks
- 02/21/2020
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Stick With Qualcomm Through Its Latest Antitrust Proceedings
- Qualcomm is once again facing regulatory scrutiny. This is certainly also a problem of the extremely dominant position in many important markets. However, none
- 02/17/2020
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January 2020 Dividend Portfolio Update
- January generated $224 in dividend income, up 9% Y/Y and up 13% sequentially. Projected 12M forward income has eclipsed $3700 with Gifted Working Time targeted
- 02/10/2020
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SMH: Sell Signal Triggered By Taiwan And Overstretched Technicals On Semiconductors
- Semiconductors ETF tumbled ~7% last week on supply chain concerns in light of the Wuhan coronavirus outbreak. SMH's violent pullback in the face of overstretche
- 02/05/2020
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The Best Stocks To Buy On A Sell-Off
- Overbought signal remains elevated, but the percentage of stocks trading at or over 5% above their 200 DMA is declining. Don't fight the tape, but compile your
- 01/31/2020
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iShares PHLX Semiconductor ETF Is Expensive, But Long-Term Growth Outlook Appears To Be Favorable
- SOXX’s portfolio of stocks consists of 35 large-cap semiconductor stocks. The global semiconductor industry is expected to grow rapidly in the next decade, than
- 01/23/2020
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49 Kiplinger Billionaire January Holdings With 33 Paying Dividends
- Kiplinger Investing publishes opportune stocks and funds for investor consideration (or rejection) on-line. This list of 49 billionaire picks curated by James B
- 01/22/2020
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