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☆ Europe's STOXX 600 falls for seventh day; U.S. CPI data eyed
▼ + stars: | 2022-10-13 | by ( Devik Jain | ) www.reuters.com time to read: +3 min

SummarySummary Companies U.S. CPI data due at 1230 GMTAroundtown slumps after Citi downgradeOct 13 (Reuters) - Europe's STOXX 600 index fell for a seventh day on Thursday, dragged by technology and real estate stocks, with investors focussed solely on U.S. inflation data due later in the day to gauge the Federal Reserve's rate-hike trajectory. The region-wide (.STOXX) index was down 0.5% by 0810 GMT, and on pace for its longest losing streak since early February 2018, if losses hold. All eyes are on U.S. CPI data due at 1230 GMT. "The effects of inflation and expected economic contractions on shoppers caution are expected to continue to weigh on consumer discretionary stocks, particularly retail, travel and hospitality," Streeter said. Norwegian aluminium producer Norsk Hydro (NHY.OL) jumped 5.6% after reports that the United States was weighing restricting imports of Russian aluminium.

☆ What Cramer is watching Thursday — hot inflation slams stocks, sends bond yields soaring
▼ + stars: | 2022-10-13 | by ( Jim Cramer | ) www.cnbc.com time to read: +5 min

Goldman Sachs starts Club holding Linde (LIN) with a buy rating and a $338 per share price target. This is an industrial secular grower and there are only a handful including Honeywell (HON), which is also a Club stock. But keeps outperform (buy) rating and $195 per share price target. Credit Suisse cuts Club holding Apple (AAPL) price target to $190 per share from $201. Citi downgrades American Express (AXP) to sell from neutral, cuts price target to $130 per share from $159.

Applied Materials became the first U.S. semiconductor company to put a dollar figure to the perceived impact. Register now for FREE unlimited access to Reuters.com RegisterChina accounted for 29% of Applied Materials' total sales in 2021, according to Evercore ISI analyst C.J. Applied Materials said the restrictions would reduce its fourth-quarter net sales by about $400 million, plus or minus $150 million. Adjusted profit is expected to be $1.54 to $1.78 per share, down from an earlier forecast of $1.82 to $2.18. Applied Materials' warning comes as the global chip industry already faces major headwinds from tumbling demand post-COVID in computers, smartphones and other electronic devices.

☆ Applied Materials cuts quarterly revenue estimate on new China export curbs
▼ + stars: | 2022-10-12 | by ( ) www.reuters.com time to read: +1 min

Oct 12 (Reuters) - Semiconductor manufacturing equipment maker Applied Materials Inc (AMAT.O) said on Wednesday new export curbs related to China's chip industry may result in a revenue hit of over $1 billion in the fourth and first quarters. Under the new regulations, U.S. companies must cease supplying Chinese chipmakers with equipment that can produce relatively advanced chips unless they first obtain a license. Applied Materials now expects fourth-quarter net sales to be about $6.4 billion, plus or minus $250 million, compared with prior outlook of $6.65 billion, plus or minus $400 million. The company also expects the new regulations to impact net sales in the first quarter of fiscal 2023 similar to the current quarter. Register now for FREE unlimited access to Reuters.com RegisterReporting by Arunima Kumar in Bengaluru; Editing by Krishna Chandra EluriOur Standards: The Thomson Reuters Trust Principles.

☆ Applied Materials cuts quarterly revenue, profit estimates on new China export curbs
▼ + stars: | 2022-10-12 | by ( ) www.reuters.com time to read: +1 min

Oct 12 (Reuters) - Applied Materials Inc (AMAT.O) said on Wednesday export curbs related to China's chip industry would result in a net sales hit of $250 million-$550 million in the quarter ending Oct. 30, with a similar impact expected in the following three months. Register now for FREE unlimited access to Reuters.com RegisterApplied Materials said the regulations would reduce its fourth-quarter net sales by about $400 million, plus or minus $150 million. Adjusted profit is expected to be $1.54 to $1.78 per share, down from an earlier forecast of $1.82 to $2.18. "Applied is pursuing additional export licenses and authorizations where needed," the company said in a statement. Register now for FREE unlimited access to Reuters.com RegisterReporting by Arunima Kumar and Yuvraj Malik in Bengaluru; Editing by Krishna Chandra EluriOur Standards: The Thomson Reuters Trust Principles.

☆ Applied Materials cuts outlook due to China export regulations
▼ + stars: | 2022-10-12 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailApplied Materials cuts outlook due to China export regulationsCNBC's Kristina Partsinevelos joins 'Closing Bell: Overtime' to report on Applied Materials cut to outlook due to China's export regulations.

☆ Automation may be a safe place for tech investors, says OptionsPlay's Jessica Inskip
▼ + stars: | 2022-10-12 | by ( ) www.cnbc.com time to read: 1 min

In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailAutomation may be a safe place for tech investors, says OptionsPlay's Jessica InskipRitholtz's Josh Brown, OptionsPlay's Jessica Inskip and Deutsche Bank Wealth's Deepak Puri, join 'Closing Bell: Overtime' to discuss Applied Materials outlook cut and company year-end outlook.

☆ Stocks making the biggest moves after hours: Digital World, Victoria's Secret and more
▼ + stars: | 2022-10-12 | by ( Alex Harring | ) www.cnbc.com time to read: +1 min

The social media app will be developed by Trump Media and Technology Group (TMTG). Digital World — The company aiming to take public Truth Social, Donald Trump's media company, surged 8.7% on news of Google approving the media company's app for the Play Store. Victoria's Secret — Shares of the women's clothing retailer climbed 3.1% after it said earnings in its latest quarter would end at the higher end of previous estimates, and reaffirmed its sales guidance. Applied Materials — The semiconductor-equipment manufacturer shed 1.7% after warning that fourth-quarter revenue and earnings would miss analyst estimates for its fourth quarter ending October 31. Duck Creek — Shares of the insurance-technology company jumped 6.6% after fourth-quarter earnings beat expectations.

☆ Exclusive: KLA to stop sales and service to China to comply with U.S. export curbs
▼ + stars: | 2022-10-11 | by ( Josh Horwitz | ) www.reuters.com time to read: +4 min

The move underscores huge business headwinds facing chipmakers and chip equipment makers around the world, as the Biden administration published a sweeping set of export controls on Friday aimed at slowing China's progress in advanced chip manufacturing. The source added that the company would also cease supplying China chip plants owned by Intel (INTC.O) and SK Hynix, the world's second-largest memory chipmaker. SK Hynix reiterated its stance that it would seek a license under new U.S. export control rules for equipment to keep operating its factories in China. Another source at an overseas chip equipment company told Reuters that all of the major suppliers to fabs were working round-the-clock to assess the long-term impact of the regulations. Shares in KLA tumbled nearly 5% on Monday, hit by the latest U.S. export control measures.

HONG KONG, Oct 11 (Reuters Breakingviews) - Washington's sweeping technology curbs on China today will have ripple effects across global supply chains tomorrow. But the ban may prompt Chinese chipmakers to hasten their progress in the commoditised parts of the market, embedding firms like Semiconductor Manufacturing International (0981.HK) in global supply chains. The measures mark a huge escalation in President Joe Biden's efforts to hobble Beijing's chip advances. Essentially, any company that uses American equipment will be restricted from selling relatively high-tech semiconductors or tools to Chinese firms. And because nearly every factory relies on crucial hardware and software from U.S. suppliers like Lam Research (LRCX.O) and Applied Materials (AMAT.O), the latest move potentially sets back Chinese chipmakers by years, if not decades.

☆ Chinese chip stocks tumble after U.S. calls for new curbs on high-end tech
▼ + stars: | 2022-10-10 | by ( Evelyn Cheng | ) www.cnbc.com time to read: +3 min

Future Publishing | Future Publishing | Getty ImagesBEIJING — Chinese chip stocks fell Monday after the U.S. announced new export controls aimed at limiting Beijing's ability to produce advanced military systems. The rules, effective this month, expand on prior U.S. attempts to crimp Chinese companies' access to key tech. Chinese chips stocks tumbleChina's largest chipmaker, Semiconductor Manufacturing International Corporation, traded 3% lower Monday afternoon in Hong Kong, amid a broader market sell-off. "It will not only harm Chinese companies' legitimate rights and interests, but also hurt the interests of U.S. The U.S. government previously put Chinese companies Huawei and SMIC on a blacklist that requires suppliers to obtain a license before selling to them.

☆ China tech shares sink as U.S. export curbs raise chip sector hurdles
▼ + stars: | 2022-10-10 | by ( ) www.reuters.com time to read: +7 min

The most immediate impact is likely to be felt by Chinese chipmakers, they said. The new regulations will now pose major hurdles for the two Chinese memory chipmakers, analysts said. A steep decline in tech shares led China's market down on its first post-Golden Week holiday trading on Monday. An index measuring China's semiconductor firms (.CSIH30184) tumbled nearly 7%, and Shanghai's tech-focused board STAR Market (.STAR50) declined 4.5%. SMIC dropped 4%, chip equipment maker NAURA Technology Group Co (002371.SZ) sank 10% by the daily limit, and Hua Hong Semiconductor plunged 9.5%.

Stocks fell Monday morning as a change to U.S. export policy hit semiconductor stocks. The Nasdaq Composite fell 0.84%, hitting a new two-year low, weighed down by a slump in semiconductor stocks such as Marvell Technology and Applied Materials, which both shed more than 5%. The S&P 500 also fell, dragged down by semi stocks and dips in major tech names Apple and Microsoft. New monthly Producer Price Index data comes Wednesday,Consumer Price Index data comes Thursday and retail sales will be released Friday. Still, the Dow, S&P 500 and Nasdaq had the first positive week in the last four.

☆ U.S. aims to hobble China’s chip industry with sweeping new export rules
▼ + stars: | 2022-10-07 | by ( ) www.nbcnews.com time to read: +4 min

The raft of measures could amount to the biggest shift in U.S. policy toward shipping technology to China since the 1990s. If effective, they could set China’s chip manufacturing industry back years by forcing American and foreign companies that use U.S. technology to cut off support for some of China’s leading factories and chip designers. On Friday, the Biden administration applied the expanded restrictions to China’s IFLYTEK, Dahua Technology, and Megvii Technology, companies added to the entity list in 2019 over allegations they aided Beijing in the suppression of its Uigher minority group. The “unverified list” is a potential stepping stone to tougher economic blacklists, but companies that comply with U.S. inspection rules can come off the list. On Friday, U.S. officials removed nine such firms, including China’s Wuxi Biologics, which makes ingredients for AstraZeneca’s Covid-19 vaccine.

The raft of measures could amount to the biggest shift in U.S. policy toward shipping technology to China since the 1990s. If effective, they could hobble China's chip manufacturing industry by forcing American and foreign companies that use U.S. technology to cut off support for some of China's leading factories and chip designers. The rules published on Friday also block shipments of a broad array of chips for use in Chinese supercomputing systems. "The U.S. should stop the wrongdoings immediately and give fair treatment to companies from all over the world, including Chinese companies." On Saturday, China's foreign ministry spokesperson Mao Ning called the move an abuse of trade measures designed to reinforce the United States' "technological hegemony".

☆ What Cramer is watching Wednesday — oversold market bounce; promising Alzheimer's drug
▼ + stars: | 2022-09-28 | by ( Jim Cramer | ) www.cnbc.com time to read: +6 min

Citi crushes the autos with price target cuts: $78 per share from $87 for General Motors (GM); $13 from $16 for Ford (F). Citi lowers its price target on Caterpillar (CAT) $180 per share from $195. Downgrades NSC to neutral from positive (hold from buy), cuts price target to $218 per share from $275. Barclays cuts price target on AMAT to $85 per share from $95, keeps equal weight (hold) rating. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade.

☆ The perils and promise of quantum computing are nearing. Here are ways to invest
▼ + stars: | 2022-09-24 | by ( Hugh Son | ) www.cnbc.com time to read: +11 min

"In a five- to 10-year timeframe, quantum computing will break encryption as we know it." Since its conceptual birth in the early 1980s, quantum computing has held promise for systems that could exponentially outperform today's computers. Rather than leaning on the zeroes and ones of classical computers, quantum computers emerged from quantum physics, which is the study of the fundamental building blocks of matter and energy. Those strange properties account for the technology's potentially explosive abilities; each additional qubit doubles a quantum computer's power. They are named D-Wave Systems , Rigetti Computing, IonQ , and Quantum Computing.

☆ Analysis: An elite Wall Street bank gets a $35 million lesson: Just call tech support
▼ + stars: | 2022-09-20 | by ( Analysis Allison Morrow | Cnn Business | ) edition.cnn.com time to read: +5 min

Here's the deal: Morgan Stanley just got slapped with a $35 million fine for "astonishing" failures that led to the mishandling of sensitive data on some 15 million customers, my colleague Matt Egan writes. Eventually, the devices, still loaded up with sensitive data, wound up on an auction site. "If not properly safeguarded, this sensitive information can end up in the wrong hands and have disastrous consequences for investors." Morgan Stanley agreed to pay the fine without admitting or denying the findings in the settlement. "We have previously notified applicable clients regarding these matters, which occurred several years ago, and have not detected any unauthorized access to, or misuse of, personal client information," Morgan Stanley said in a statement.

☆ Wonder where the economy is heading? Pay close attention to earnings
▼ + stars: | 2022-09-20 | by ( Paul R. La Monica | ) edition.cnn.com time to read: +5 min

Economic bellwether FedEx (FDX) stunned Wall Street last week with a massive earnings warning and tepid outlook for the global economy. Still, investors remain nervous about the health of the railroad business, a sign of the jitters about the overall economy. Most of Corporate America operates on a calendar year schedule for earnings, which means they will report third quarter results in October. That would be the worst quarter for earnings since a 5.7% decrease in the third quarter of 2020, when the economy was reeling from Covid-imposed lockdowns. That adds to the risk that a global spike in rates will lead to a further slowdown in earnings, consumer spending and the overall economy.

☆ These are the 3 things we listen for in a company's earnings call with investors
▼ + stars: | 2022-05-27 | by ( Zev Fima | ) www.cnbc.com time to read: +10 min

Every quarter, management teams walk through their earnings reports with analysts and investors on an interactive call, typically on the same day those reports are released. They are also one of the best ways for investors to understand what drove a company's financials and where the business goes from here. In our view, the sellers decided that comment meant that the second half won't be up as much as previously thought. And management still expects an increase in subs in the second half to exceed the first half. THE ABOVE INVESTING CLUB INFORMATION IS SUBJECT TO OUR TERMS AND CONDITIONS AND PRIVACY POLICY , TOGETHER WITH OUR DISCLAIMER .

☆ Японские ученые нашли новый способ выявлять рак мозга
▼ + stars: | 2021-06-25 | by ( Mld Media Srl | ) noi.md time to read: +1 min

Ученые из Университета Нагои в Японии нашли способ выявить злокачественную опухоль головного и спинного мозга по результатам анализов мочи. Специалисты отмечают, что разработанный ими способ позволяет определить онкологическое заболевание на ранней стадии со стопроцентной точностью. Японские ученые разработали устройство из 100 млн нанопроволок оксида цинка, при помощи которого микроРНК удается собрать и использовать в качестве биомаркера опухоли. Такой способ анализа позволяет определить опухоль мозга даже в том случае, если у человека нет каких-либо симптомов рака. Ученые надеются, что новый метод в скором времени будет внедрен в клиническую практику, поскольку диагностика рака мозга с помощью анализа мочи не потребует дорогостоящего оборудования или сложных манипуляций.

Organizations: Applied, Университет Нагои Locations: Япония

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