But still lack of volume trading activities, float rates less than 30% .. review stock performance base on quarerly financial result and enter to market price at right price when it low , only applicable to strong fundamental stock.
Need done some home work before invest in stock market, projection financial modelling for every quarter on twist on their % profit margin , % cost. Equity valuation base on pe ratio.. x EPS. Look also outlook sector ..
It just down and up in stock trading for profit taking activities, what most important is strong fundamental- strong EPS growth on year on year basis and quarter on quarter basis.
@solaris80 last month you were bad mouthing them, telling people to run and sell, saying MPI is a badly managed company, the flood and etc, the CEO sucks and etc. I was right, you're just pushing it low to buy low. insider?
when go down say lousy company, when go up say good company...pls learn to educate oneself to read QR AR rather than gossip nonsense here and there...jokers...
Just assume esp of Q4 @ 25cts being reproduced in the upcoming 3 qtrs, annual eps will be 100cts. Accord PE 20 to MPI for its growing biz, TP RM 20 is within reach and easily.
Morgan Stanley analyst Adam Jonas says investors shouldn't overthink the inevitable growth of the EV market with global penetration only at 2% and major automakers fully committed. He notes that the EV industry is growing at a 20% CAGR through 2040, while the internal combustion energy industry will shrink at an estimated 5% CAGR through 2040. Thus, the advice is given to 'take the over' on growth from the 2% mark.
California's big move to ban ICE cars is called notable because the state ranks by itself as the 5th largest GDP market in the world and could accelerate the move of fleets (corporate, logistics, rideshare) into EVs.
Jonas thinks the California announcement sets up well for Aptiv (APTV -2.2%) and Tesla (TSLA -6.0%) in particular. Of course, the list of EV stocks is growing by the day and includes names like Blink Charging (BLNK -4.9%), Arcimoto (FUV -4.0%), Spartan Energy Acquisition (SPAQ -6.5%), Electrameccanica Vehicles (SOLO +7.4%), Delphi Technologies (DLPH -0.8%), Tortoise Acquisition (SHLL -17.3%), Lordstown Motors (RIDE) and Workhorse Group (WKHS -5.7%). Interestingly, many of those names are lower following Tesla's Battery Day event and the high-profile flameout of Nikola (NKLA -17.8%) Executive Chairman Trevor Milton.
STMicroelectronics guides Q3 and FY20 revenue above consensus
STMicroelectronics (NYSE:STM) reports that preliminary Q3 revenues for quarter ended September 26, are above the business outlook provided on July 23.
Q3 net revenues are $2.67B, up 27.8% sequentially (consensus: $2.47B). The prior outlook was $2.45B.
FY2020 revenues are expected to be above $9.65B (consensus $9.45B) vs. prior range of $9.25B - $9.65B.
“Sharp acceleration in demand of Automotive products and Microcontrollers, as well as our engaged customer programs in Personal Electronics, were the main factors that contributed to this result,” said Jean-Marc Chery, President & CEO.
NXP Semiconductors (NXPI) - Get Report on Thursday raised its guidance for the third quarter based on better-than-expected performance, particularly in its automotive and mobile end markets.
“Relative to the mid-point of our guidance, we experienced material improvement in demand across all end markets, but particularly in the Automotive and Mobile end markets,” Kurt Sievers, NXP president and CEO, said in a statement.
The company said it sees revenue for the quarter coming in even with a year ago, at $2.267 billion, vs. previous expectations of a 12% decline. It said non-GAAP operating income for the period will be $586 million compared with previous expectations of $444 million.
The company said it had seen improved demand in both its direct and distribution channels. “The business environment has improved at a faster than anticipated pace, driving a broad-based increase in revenue, which also enabled higher gross margin, Sievers said.
This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
Shawalrich87
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Posted by Shawalrich87 > 2020-08-29 17:26 | Report Abuse
But still lack of volume trading activities, float rates less than 30% .. review stock performance base on quarerly financial result and enter to market price at right price when it low , only applicable to strong fundamental stock.