Honeywell International
HON:NAS is rated a buy at $190.
S&P500 & Market Direction
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XJO & Market Direction
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Super Micro Computers
Super Micro Computer, is rated a buy within the $575 – $625 price range.
Micron Technology
Micron Technology, Inc. – Common is rated a buy within the $80 -$90 price range.
Grab Holdings.
Grab Holdings is under Algo Engine buy conditions. We expect buying support to build near the $3.10 support.
S&P500 & Market Direction
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S&P500 Earnings
Consensus expectations for S&P 500 companies’ earnings per share for 2024, 2025, and 2026 are $US243, $US279, and $US317.
Based on current PE ratios, the index is trading in line. If the EPS increased to $279 next year, the index would be at 6000 points. The question is, can earnings grow at the forecast rate, or will slowing global GDP begin to drag, and earnings come in at a lower than forecast level in 2025?
For share-term traders, you should be on the long side of the index (once again), with a stop loss at 5493.
On Semiconductor
ON Semiconductor Corporation – Common 2Q quarter revenue was $1.73bn, with GAAP diluted earnings per share and non-GAAP diluted earnings per share of $0.78 and $0.96, respectively.
The company returned $650 million of free cash flow over twelve months to shareholders through stock repurchases.
Palantir Technologies
NAS:PLTR remains on track to become a leader in the AI software industry.
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