Market Review 7-6

Market Review 7-6

Nasdaq-100 at Record High

 

The market’s gains were fueled by the technology sector, given the advance for the Nasdaq, driven by some of the group’s largest and most dominant companies, including Apple Inc., which saw its shares score back-to-back records amid optimism over the iPhone maker’s outlook following details from its software-focused Worldwide Developers Conference. A rise for Twitter Inc. shares, which were expected to be included in the S&P 500 index, further underscored bullish sentiment for the technology and internet segment.

 

https://www.marketwatch.com/story/us-stock-futures-edge-higher-with-techs-eyeing-a-new-record-2018-06-05

 

 

 

Twitter hits 3-year high on news it’ll replace Monsanto in S&P 500

 

By Chloe Aiello | @chlobo_ilo

 

  • Twitter jumped roughly 5 percent Tuesday, after the Dow Jones announced the social media company would replace Monsanto in the S&P 500.
  • The gains pushed Twitter stock above $39.
  • The changes will go into effect prior to market open on Thursday, June 7, when German pharmaceutical and life sciences company Bayer wraps up its $63 billion takeover of seed-maker Monsanto.

 

Shares of Twitter are up more than 65 percent year-to-date and just more than 118 percent year-over-year.

 

https://www.cnbc.com/2018/06/04/twitter-to-replace-monsanto-in-sp-500.html

 

 

 

Intel: Too Good To Be True

 

By Michael Wiggins De Oliveira

 

  • Intel is still going cheap, for now.
  • Cloud offers Intel strong tailwinds.
  • Intel raises full year guidance.

 

Intel (INTC) is a rare company in tech right now, that has exposure to strong tailwinds in the cloud, which is growing its top line, expanding its margins, raising its guidance, and most important of all, cheaply valued.

 

Intel’s Q1 2018 results generated top-line growth of 13%. Further, Intel delivered solid results, driven by strong performance from its data-centric businesses, which now amounts to roughly 50% of its total business.

 

https://seekingalpha.com/article/4179653-intel-good-true

 

 

 

Alibaba: Tops $200, Remains A Strong Buy – Revenue Growth 40%, Forward P/E 20

 

By Victor Dergunov

 

  • Alibaba is trading at new all-time highs as the company continues to expand revenues very aggressively and is proving to be a profit machine.
  • In addition to growing China sales by over 40%, Alibaba’s international sales skyrocketed by 233% YoY in fiscal year 2017.
  • Cloud computing and media and entertainment segments also increased by triple digits YoY.
  • In addition, the company generates extremely high profit margins of about 30%, and incredibly, the stock trades at a forward P/E of around 20.
  • The combination of explosive growth and a low P/E suggest this stock can go much higher.

 

https://seekingalpha.com/article/4179584-alibaba-tops-200-remains-strong-buy-revenue-growth-40-percent-forward-p-e-20

 

Wall Street experts also assign a $230.27 price target on Alibaba Group Holding Limited, pointing towards a 10.2% rally from current levels. The stock is trading for about 1.33% more than its 52-week high

 

https://postanalyst.com/2018/06/05/2-stocks-taking-a-gut-shot-alibaba-group-holding-limited-baba-clean-energy-fuels-corp-clne/

 

 

 

Lira Fate Hangs in Balance as Turkey Rate Decision

Splits Street

By Constantine Courcoulas

 

Analysts are divided on how the country’s central bank will set policy today in response to deteriorating inflation. Last month’s 300-basis-point emergency interest-rate increase hasn’t stopped a market rout fueled by fears that political pressure will keep a lid on rate hikes, and some investors say more are needed to restore confidence in the bank’s independence.

 

The lira fell for a second day on Wednesday while benchmark local-currency bond yields surged to a fresh record high. Uncertainty over the outcome of elections on June 24, which could cement President Recep Tayyip Erdogan’s role in managing the economy, is compounding concerns over the direction of monetary policy and the currency.

 

Eight of 15 analysts surveyed by Bloomberg expect no change

 

https://www.bloomberg.com/news/articles/2018-06-06/lira-fate-hangs-in-balance-as-turkey-rate-decision-splits-street

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