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Feb 16
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AVOID
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Neil Campling
Tech/TMT Analyst
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"Samsung is also saying they will be impacted negatively because they make smartphones, PCs and TVs... inflate prices on everything from laptops to cars." While Samsung makes chips, their massive exposure to consumer electronics means they are a net victim of rising component costs. Higher memory costs crush margins on hardware or kill demand if passed to consumers. AVOID hardware manufacturers with high memory exposure who lack the pricing power of the hyperscalers. Samsung's memory division profits outweighing their consumer electronics losses. |
Bloomberg Markets
Memory Chip Shortage is Global Crisis in the ...
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Feb 16
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AVOID
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Neil Campling
Tech/TMT Analyst
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Memory spot pricing is skyrocketing (up 60%). For hardware manufacturers (Dell, HP, Apple), memory is a major input cost (COGS). They face a "double whammy": rising component costs and a consumer potentially weakened by inflation. They cannot easily pass these costs on without killing demand. AVOID Hardware Integrators due to margin compression. Companies successfully pass costs to consumers or AI-PC demand outweighs price increases. |
Bloomberg Markets
'Shared Values' discussed in Munich; RAM Conc...
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Feb 09
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LONG
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Sam Stovall
Chief Investment Strategist at CFRA
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Stovall points to specific sub-industries that are participating in a broadening market rally. This is a technical momentum trade. These specific sectors have recently moved back above both their 50-day and 200-day moving averages. When price crosses above these averages, it often signals a shift from a downtrend to an uptrend and indicates healthy market breadth. 30 sub-industries moved above these key technical levels last week, with these three sectors explicitly named as leaders. A reversal in the broader market could cause these sectors to fall back below support levels. |
CNBC
Expectation of Fed rate cut in June will supp...
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