Cloud Software Stocks Rip Higher After Strong Earnings from Snowflake, Others

Many enterprise software stocks are adding to their big 2020 gains on Thursday, as investors take heart in a batch of strong earnings reports that were posted on Wednesday afternoon.

Zscaler  (ZS) – Get Report is up 24.3%, Okta  (OKTA) – Get Report is up 6.9%, Snowflake  (SNOW) – Get Report is up 16%, Elastic  (ESTC) – Get Report is up 14.2% and CrowdStrike  (CRWD) – Get Report is up 15.1% after each company comfortably beat its October quarter estimates and (generally speaking) issued strong guidance. And a number of other software names appear to be catching sympathy bids.

Palantir Technologies  (PLTR) – Get Report, which tumbled yesterday on a Morgan Stanley downgrade, is up 8.8%. Smartsheet  (SMAR) – Get Report is up 6.8%, Datadog  (DDOG) – Get Report is up 4.8%, Unity

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Global Smartphone Production Sets Highest QoQ Growth in Recent Years with 20% Increase in 3Q20 with Apple set for Strong Calendar Q4

 

In 3Q20, the smartphone industry benefitted from the gradual easing of pandemic containment measures worldwide, the arrival of year-end holiday season, and the expanded production targets by smartphone brands looking to capture Huawei’s lost market share, according to TrendForce. These factors together drove up global smartphone production to 336 million units in 3Q20, a 20% increase QoQ, which is the highest QoQ growth in recent years.

 

Looking ahead to 4Q20, TrendForce believes that the Huawei sanctions will continue to influence the smartphone market. The competing brands will remain aggressive in component procurement and maintain a high production level.

 

In Q3-20 Apple posted a small QoQ increase of 2% in its iPhone production to 42 million units for 3Q20. This result mainly has to do with the delay in the launch of the iPhone 12 series.

 

Regarding 4Q20, Apple will substantially improve its performance. Although the models under the 12 series

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Asia’s History of Strong Decembers Holds Promise for Investors

(Bloomberg) — Investors looking to finish the year off strong should turn their attention to Asia equity markets in December, if history is any guide.



a group of people wearing costumes: Pedestrians wearing protective face masks are reflected in an electronic stock board outside a securities firm in Tokyo, Japan, on Thursday, Oct. 29, 2020. Japanese stocks pared losses after the Bank of Japan’s policy decision and as U.S. futures bounced back following a global equity rout.


© Bloomberg
Pedestrians wearing protective face masks are reflected in an electronic stock board outside a securities firm in Tokyo, Japan, on Thursday, Oct. 29, 2020. Japanese stocks pared losses after the Bank of Japan’s policy decision and as U.S. futures bounced back following a global equity rout.

The MSCI Asia Pacific Index, which has just posted its best monthly return since 2009 with a 10.2% rally in November, may remain robust in December, based on its track record over the past decade. Since 2010, the benchmark gauge has averaged a 1% gain in the final month of the year, double the performance of the S&P 500 in December, according to data compiled by Bloomberg.



A pedestrian wearing a protective face mask is reflected in an electronic stock board outside a securities firm in Tokyo, Japan, on Thursday, Oct. 29, 2020. Japanese stocks pared losses after the Bank of Japan’s policy decision and as U.S. futures bounced back following a global equity rout.


© Bloomberg
A pedestrian wearing a protective face mask is

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Zoom Video Drops Despite Q3 Beat, Strong Guidance

Shares of Zoom Video Communications  (ZM) – Get Report dropped 5% after-hours Monday following the company’s fiscal third quarter earnings release. 

The San Jose-based company reported quarterly earnings of 99 cents per share on revenue of $777.2 million. Analysts were expecting Zoom to report earnings of 76 cents per share with revenue of $693.95 million. 

“We remain focused on the communication needs of our customers and communities as they navigate the current environment and adapt to a new world of work from anywhere using Zoom,” said founder and CEO Eric Yuan in a statement. “Strong demand and execution led to revenue growth of 367% year-over-year with solid growth in non-GAAP operating income and cash flow in our third fiscal quarter.”

For the fiscal fourth quarter, the company expects revenue between $806 million and $811 million with earnings between 77 cents and 79 cents per share. Analysts are expecting

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Smartphone Shipments Will Return to Growth in the Holiday Quarter and Beyond Driven by Strong Push Behind 5G, According to IDC

FRAMINGHAM, Mass.–(BUSINESS WIRE)–Nov 25, 2020–

Following a stronger than expected third quarter (3Q20), the global smartphone market is expected to return to growth during the holiday quarter this year. According to the International Data Corporation ( IDC ) Worldwide Quarterly Mobile Phone Tracker, smartphone shipments are forecast to grow 2.4% year over year in 4Q20, followed by 4.4% year-over-year growth in 2021. The market rebound will be fueled by an impressively quick supply chain recovery as well as significant incentives from both OEMs and channels on new 5G products. IDC expects the global market to grow each year through 2024 with a five-year compound annual growth rate (CAGR) of 1.3%.

“Despite concerns around weakness in 5G demand, smartphone volumes exceeded the forecast in 3Q20 and supply-side momentum headed into the holiday quarter and 2021 remains strong,” said Ryan Reith, program vice president with IDC’s Worldwide Mobile Device Trackers

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Apple on Track for Strong Holiday Sales for AirPods, IPhone 12, Analyst Says

Apple  (AAPL) – Get Report is likely to see the AirPods and IPhone 12 flying off the shelves this holiday shopping season, a Wedbush analyst said Wednesday. 

Shares of the Cupertino, Calif.-based tech giant were up nearly 1% to $116.15 on Wednesday morning.

Analyst Daniel Ives, who has an outperform rating on Apple with a $150 price target, said that “as we head into Black Friday and the start of holiday shopping season we are seeing a surge of consumer demand for Apple’s AirPods Pro with some good discounts on the horizon.”

Ives estimates that Apple will sell sell roughly 18 million AirPods during the course of the next month and is on pace to yet again be “a clear star” of Black Friday and the holiday season.

“We estimate that Apple is on pace to sell over 90 million AirPods units in 2020 and is now on

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China beat COVID with science, strong public health measures, not just with authoritarianism

By Elanah Uretsky
 |  Palm Beach Post

I live in a democracy. But as Thanksgiving approaches, I find myself longing for the type of freedom I am seeing in China.

People in China are able to move around freely. Many Americans may believe that the Chinese are able to enjoy this freedom because of China’s authoritarian regime. As a scholar of public health in China, I think the answers go beyond that.

My research suggests that the control of the virus in China is not the result of authoritarian policy, but of a national prioritization of health. China learned a tough lesson with SARS, the first coronavirus pandemic of the 21st century.

How China flattened its curve

Barely less than a year ago, a novel coronavirus emerged in Wuhan, China, with 80,000 cases identified within three months, killing 3,000 people.

In late January 2020, the Chinese government decided to lock

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China beat the coronavirus with science and strong public health measures, not just with authoritarianism

(The Conversation is an independent and nonprofit source of news, analysis and commentary from academic experts.)

(THE CONVERSATION) I live in a democracy. But as Thanksgiving approaches, I find myself longing for the type of freedom I am seeing in China.

People in China are able to move around freely right now. Many Americans may believe that the Chinese are able to enjoy this freedom because of China’s authoritarian regime. As a scholar of public health in China, I think the answers go beyond that.

My research suggests that the control of the virus in China is not the result of authoritarian policy, but of a national prioritization of health. China learned a tough lesson with SARS, the first coronavirus pandemic of the 21st century.

How China flattened its curve


Barely less than a year ago, a novel coronavirus emerged in Wuhan, China, with 80,000 cases identified within three months,

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Taiwan October export orders up again, strong outlook seen

FILE PHOTO: Man walks past an Apple store in Taipei, Taiwan October 20, 2020. Picture taken October 20, 2020. REUTERS/Ann Wang/File Photo

TAIPEI (Reuters) – Taiwan’s export orders rose for the eighth consecutive month in October, boosted by strong global demand for the island’s tech products, with Apple Inc AAPL.O rolling out a new iPhone.

Export orders, a bellwether of global technology demand, in October jumped 9.1% from a year earlier to $51.6 billion, Ministry of Economic Affairs data showed on Friday. The data exceeded an 8.2% rise projected in a Reuters poll.

The ministry said orders were helped by new smartphone launches ahead of the year-end holiday season, as well as continued robust demand for telecommuting products as many people are forced to work and study from home globally during the pandemic. Orders for electronics rose 17.5% on year, mostly due to new smartphones and gaming consoles coming to

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SLP and CCL suppliers for new iPhone to enjoy strong 4Q20

SLP and CCL suppliers for new iPhone to enjoy strong 4Q20

Jay Liu, Taipei; Jessie Shen, DIGITIMES

Zhen Ding Technology, Compeq Manufacturing and Unimicron Technology, suppliers of substrate-like PCBs for Apple’s iPhone 12, and Elite Material (EMC), which provides related SLP CCL materials, are set to enjoy a strong fourth quarter of 2020 with their sales growth momentum to carry on through first-quarter 2021, according to industry sources.

Zhen Ding has reportedly obtained about 25% of the overall SLP orders placed for the new iPhones, while Compeq and Unimicron take up 15% and 10%, respectively, of the total orders. Compeq and Unimicron fulfill mainly orders for the Pro Max and mini series, the sources indicated.

EMC managed to beat rival Panasonic, which has put increased focus on other market segments, to win all the orders for the iPhone 12 family, the sources noted. The Taiwan-based CCL

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