Carpenter Technology Q4 Outlook Bleak on Coronavirus Crisis

Mabel R. Acton

Carpenter Technology Corporation CRS has provided the preliminary outlook for fourth-quarter fiscal 2020 (ended as of Jun 30, 2020) and fiscal 2021.

Segments to Put up Dismal Performance in Q4

Carpenter Technology expects volumes in the Specialty Alloys Operations (SAO) segment to be down 20-30% sequentially in the fiscal fourth quarter on the coronavirus crisis-induced economic disruptions across most of its end-use markets, along with the near-term challenges across the aerospace supply chain. The company now expects the segment’s operating income between $4 million and $8 million for the quarter.

Lower volumes due to the pandemic’s unfavorable impact on customer

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Were Hedge Funds Right About Spotify Technology S.A. (SPOT)?

Mabel R. Acton

The latest 13F reporting period has come and gone, and Insider Monkey have plowed through 821 13F filings that hedge funds and well-known value investors are required to file by the SEC. The 13F filings show the funds’ and investors’ portfolio positions as of March 31st, a week after the market trough. Now, we are almost done with the second quarter. Investors decided to bet on the economic recovery and a stock market rebound. S&P 500 Index returned almost 20% this quarter. In this article you are going to find out whether hedge funds thoughtSpotify Technology S.A. (NYSE:SPOT

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Ericsson, NVIDIA, Marvell Technology, Ciena and Qorvo

Mabel R. Acton

For Immediate Release

Chicago, IL – July 8, 2020 – announces the list of stocks featured in the Analyst Blog. Every day the Zacks Equity Research analysts discuss the latest news and events impacting stocks and the financial markets. Stocks recently featured in the blog include: Ericsson ERIC, NVIDIA NVDA, Marvell Technology MRVL, Ciena CIEN and Qorvo QRVO.

Here are highlights from Tuesday’s Analyst Blog:

“Work from Home” to Speed Up 5G Rollout: 5 Stocks to Buy

5G boasts lightning speed that facilitates seamless transfer of data. This has gained immense significance amid the coronavirus outbreak.

Markedly, while 4G

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Global Semiconductor Sales Rise Month Over Month: 5 Winners

Mabel R. Acton

Global sales of semiconductors rose year over year in May, according to the Semiconductor Industry Association (SIA). Also, the agency predicted that global semiconductor sales will increase in both 2020 and 2021.

The global semiconductor industry, which plays a key role in the high-growth technology space, has been relatively less battered by the coronavirus pandemic. Moreover, with the economy reopening, sales of smartphones rebounding in markets like China and more people spending time on their mobile phones, the semiconductor industry might stand to benefit in the near term.

Global Semiconductor Sales Increase YoY

Worldwide sales of semiconductors increased 5.8% in

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