Tech, Energy Bright Spots for Stock Pickers: Barron's Roundtable

Some of Wall Street’s most influential investors are eyeing energy and technology plays as the bull market hums on.

Asked for their best stock picks as part of Barron’s 2018 roundtable discussion, Jeffrey Gundlach, Abby Joseph Cohen, Delphi Management founder Scott Black and other panelists championed technology and energy companies they see profiting from rising tides in those industries.

Four of the nine participants highlighted companies tied in some way to semiconductors, from Samsung Electronics Co. -- Cohen’s pick -- to Lam Research Corp., favored by Black, which manufactures semiconductor processing equipment used in making circuits.

“People are still living in the past. They retain a notion from 1995 to 2000 that semiconductor-equipment manufacturing is wildly cyclical and a bad business," Paul Wick, lead manager of the Columbia Seligman Communications & Information Fund at Columbia Threadneedle Investments. He pitched Micron Technology Inc. “In fact, the chip industry has become much less volatile."
https://www.bloomberg.com/news/articles/2018-01-20/tech-energy-bright-spots-for-stock-pickers-barron-s-roundtable

Tech stocks like semiconductor stocks outperform the market greatly when global economy is very good.

IMF Raises 2018 Global Growth Forecast, Partly on U.S. Tax Cuts (Breraking news)

Global growth will accelerate to the fastest pace in seven years as U.S. tax cuts spur businesses to invest, the International Monetary Fund said.
https://www.bloomberg.com/news/articles/2018-01-22/imf-sees-global-growth-picking-up-as-u-s-tax-cuts-gain-traction

You should buy tech stocks like semiconductor stocks when global growth accelerates to the fastest pace in seven years. Haha

Nomura raises FBM KLCI year-end target to 1,900


KUALA LUMPUR (Jan 22): Malaysia’s stocks likely to continue bullish momentum this year driven by factors including growth in exports, earnings recovery, foreign inflows, and improved corporate balance sheets, according to a Jan 22 Nomura report by analysts led by Tushar Mohata.
http://www.theedgemarkets.com/article/nomura-raises-fbm-klci-yearend-target-1900

Nomura raises FBM KLCI year-end target to 1,900


KUALA LUMPUR (Jan 22): Malaysia’s stocks likely to continue bullish momentum this year driven by factors including growth in exports, earnings recovery, foreign inflows, and improved corporate balance sheets, according to a Jan 22 Nomura report by analysts led by Tushar Mohata.
http://www.theedgemarkets.com/article/nomura-raises-fbm-klci-yearend-target-1900

Why do you want to listen to a guy who lost money in investing KESM and has been speaking ill of it? Funny.

Why do you want to listen to a guy who lost money in investing DNEX and has been speaking ill of it? Funny.

Why do you want to listen to a guy who lost money in investing MMSV and has been speaking ill of it? Funny.Haha

No problem! Auto chip stocks have been breaking out everywhere. Malaysian traders will eventually catch up with the rest of world.

DNEX is a very good buy below RM 0.525.

Strong exports performance boost Malaysia’s labour market | http://www.klsescreener.com/v2/news/view/333199

KLCI to start week on positive note, support at 1,818 | http://www.klsescreener.com/v2/news/view/333207

KLCI to start week on positive note, support at 1,818 | http://www.klsescreener.com/v2/news/view/333207

http://www.theedgemarkets.com/article/strong-ringgit-may-bring-little-cheer-malaysian-exporters

But for these chipmakers, half of their costs are also denominated in US dollars, giving these firms a natural hedge against the depreciating greenback.

“No doubt [their] earnings will be affected by the weak [US] dollar, but the impact will not be that big,” Foo told The Edge Financial Daily over the phone, saying previous financial results indicated foreign exchange gains were not all that significant when the US dollar was strong.

But for these chipmakers, half of their costs are also denominated in US dollars, giving these firms a natural hedge against the depreciating greenback.

“No doubt [their] earnings will be affected by the weak [US] dollar, but the impact will not be that big,” Foo told The Edge Financial Daily over the phone, saying previous financial results indicated foreign exchange gains were not all that significant when the US dollar was strong.
http://www.theedgemarkets.com/article/strong-ringgit-may-bring-little-cheer-malaysian-exporters

Oil price rally will not persuade OPEC to end production cuts, analyst says

Big banks raise oil price targets
In recent weeks, big investment banks have raised their target price for oil as crude futures have risen to multi-year highs.

Bank of America Merrill Lynch and Morgan Stanley both upped their forecasts for crude prices this week, while Goldman Sachs said the risks of prices overshooting its current targets are mounting.

https://www.cnbc.com/2018/01/19/opec-oil-price-rally-wont-persuade-cartel-to-end-output-cuts-analyst-says.html

Target price: 74 sen

DAGANG Nexchange (DNeX) is expected to stage better performance in 2018 following its National Single Window (NSW) concession extension and better prospects for its oil unit OGPC Sdn Bhd and associate Ping Petroleum Ltd.

On that note, CIMB Research raised its earnings per share (EPS) forecast for DNeX for 2018-2019 by 2.9% to 4.4% to reflect the extension of its NSW concession. Moreover, the brokerage expected stronger earnings contribution from OGPC on the back of higher portable container system (PCS) contract completion, and higher associate’s profit contribution from Ping on the back of higher crude oil prices.

Overall, CIMB projected DNeX to record a robust 2016-2019 net profit compounded annual growth rate of 18%.

The brokerage, however, cut its 2017 EPS forecast for DNeX by 2.6% to account for the delay in the remaining vehicle entry permit and road charges (VEP & RC) contract recognition.

It maintained “add” for DNeX, with an unchanged sum-of-parts-based target price of 74 sen.

CIMB Research, which met DNeX’s management last week, said the latter remained bullish on stronger 2018 earnings growth, driven by higher growth from IT services following the extension of its NSW concession, stronger revenue from its VEP & RC project, and higher completion for its PCS project.


Read more at https://www.thestar.com.my/business/business-news/2017/12/27/analyst-reports/#EHzMRskBcfqtvAeH.99

Ringgit to revisit 4.30 as US dollar strengthens, says DBS
http://www.theedgemarkets.com/article/ringgit-revisit-430-us-dollar-strengthens-says-dbs

MMS Ventures sees better results on higher sales
Monday, 15 Jan 2018
https://www.thestar.com.my/business/business-news/2018/01/15/mms-ventures-sees-better-results-on-higher-sales/

Friday

Inari + 2.67%
Sam Engineering + 2.18%
MMSV + 6.51%
KESM + 2.00%

http://www.theedgemarkets.com/article/ringgit-revisit-430-us-dollar-strengthens-says-dbs

Ringgit to revisit 4.30 as US dollar strengthens, says DBS http://www.theedgemarkets.com/article/ringgit-revisit-430-us-dollar-strengthens-says-dbs

Ringgit to revisit 4.30 as US dollar strengthens, says DBS http://www.theedgemarkets.com/article/ringgit-revisit-430-us-dollar-strengthens-says-dbs

http://m.nasdaq.com/article/can-you-triple-your-gains-with-nvidia-other-top-chip-stocks-cm906892

https://www.thestreet.com/story/14452535/1/asml-earnings-give-semiconductor-stocks-a-huge-boost.html

Autos to substitute smartphones as major tech driver | http://www.klsescreener.com/v2/news/view/331907

US semiconductor index was up 2.89% yesterday. Buy MMSV as much as possible.

Texas instruments were up 5.53% yesterday!

US semiconductor index was up 2.89% yesterday.Very bullish.
Buy Kesm as much as possible today. Kesm may hit 21.8 today.

US semiconductor index is very bullish today. It is much more bullish than Nasdaq. Good sign !
https://finance.yahoo.com/quote/%5ESOX/

US semiconductor index is very bullish today. It is much more bullish than Nasdaq. Good sign
https://finance.yahoo.com/quote/%5ESOX/

US semiconductor index is very bullish today. It is much more bullish than Nasdaq. Good sign
https://finance.yahoo.com/quote/%5ESOX/

US semiconductor index is very bullish today. It hit a new high.

US semiconductor index is very bullish today, Buy MMSV tomorrow.

Texas Instruments is up 1.34% now. Ver bullish. Buy Kesm tomorrow!
https://finance.yahoo.com/quote/TXN?ltr=1

Good price to collect at.

Just after Azman sold Dnex shares last time, Dnex shares dropped. But after that, the stock price rebounded.

Good price to collect at.

After Nasdaq slided back in the red, the US semiconductor stocks lost some of the gain, but it was still better than Nasdaq. Good sign.

http://www.theedgemarkets.com/article/semiconductor-industry-remains-positive-path

After Nasdaq slided back in the red, the US semiconductor stocks lost some of the gain, but it was still better than Nasdaq. Good sign.

http://www.theedgemarkets.com/article/semiconductor-industry-remains-positive-path

Today US semiconductor index is much more bullish than Nasdaq. It is a good sign. Uptrend is likely to continue.

Today US semiconductor index is much more bullish than Nasdaq. It is a good sign. Uptrend is likely to continue.

1.82 tomorrow?

The US semeiconductor index is super bullish today! Buy semiconductor stocks tomorrow!
https://www.marketwatch.com/investing/index/sox

The US semiconductor index is very bullish today. Buy semiconductor stocks like KESM tomorrow!

the US semiconductor index is near a multi-year high.
https://www.marketwatch.com/investing/index/sox

The US semiconductor index is very bullish today. Buy semiconductor stocks like KESM tomorrow!

the US semiconductor index is near a multi-year high.
https://www.marketwatch.com/investing/index/sox

I read shpg22's comments.Seems like he wants all stocks to plunge. Haha

Kesm is not expensive. Globetronics is the most expensive.

Global carmakers to invest at least US$90bil in electric vehicles | http://www.klsescreener.com/v2/news/view/330699