The Nasdaq and tech are getting crushed today, down 1.5% plus. Invensense is down again, in a downgrade. Read this and explain to me the logic….Invensense has just been proven to be in the new iPhone that will sell 100 million units in the next year…but they want us to worry about a possible technology shift when the company just now won the contract?
InvenSense was falling 7.5% to $21.62 Monday after Robert W. Baird downgraded the chipmaker to “neutral” from “outperform.”
The analyst firm lowered its price target for the company to $23 from $30. Major smartphone manufacturers could be switching to a dual-source strategy for gyroscopes and other components, according to Baird analysts.
Baird analysts noted that smartphone manufacturers could start sourcing more components from competitor STMicroelectronics.
The downgrade comes days after a teardown of the new iPhone 6 and iPhone 6 Plus showed that both new smartphones use a 6-axis InvenSense gyroscope and accelerometer. Previous iPhone models used motion sensors from STMicroelectronics.
Okay, Cody back here now. I want to buy some more Invensense — so I’m using the big sell-off today as a pitch to swing at and am bidding on a few Invensense call options with strike prices from $24 through $26 or so strike price dated out into March of next year. Rather than using options, you could also just consider buying a tranche of INVN common stock while it’s down instead.
Speaking of the iPhone 6…
Around noon Friday, as I read about the insane lines to get the new Apple iPhone, I decided I should try to call “I’d Go Wireless” the local Verizon reseller here where I live in rural, NM. I couldn’t believe it when Megan, the representative who answered the phone, told me they’d had gotten in two iPhone 6’s with 64 GB memory that morning and still had one available.
I’ve been using the $AAPL iPhone 6 for a couple days now and frankly, I’d give it a 9 on a scale of 1 to 10. It feels great in your hands and my eight-month old daughter even dropped into the hinges of our La-Z-Boy and it got crunched in there and came out without a scratch.
The phone is so thin you actually have to get used to holding it slightly different so it doesn’t fall through your fingers at times. Thinner, yes, but the iPhone 6 screen is much bigger and that, plus the improved resolution, makes reading much less stressful on your eyes. Images are crisper than ever too. I thought I’d want the bigger Plus screen for sure, but now that I have this iPhone 6 itself, I think it’s plenty big already. As I’m part of an app company, I’ll be getting an iPhone 6 Plus too, so I’ll also do a review of it in a few weeks.
Every app I’ve tried runs with absolutely no lag, although some bugs have come up in certain apps that haven’t been optimized for the latest versions of iOS. As a rule of thumb, if your app worked well on iOS 7, it will probably still work just as well on iOS 8. But if the app was buggy in iOS 7, it’ll be even buggier in iOS 8.
The best apps on the new $AAPL iPhone 6 for investors and traders include some of the same apps I’ve mentioned before, such as my own Scutify. Marketwatch is still one of my favorite apps, but the app suffers from some of the aforementioned bugginess of apps not optimized for iOS 8.
So, here are the seven must-have iPhone 6 apps for traders and investors:
1. Scutify – By far the most value-add and outright best app for every investor and trader.
2. ChartIQ (Free) – Best stock charting app and the free version is packed, but it’ll cost you for real-time data.
3. FRED (Free) – Best economic app, bar none.
4. KCast Gold Live! (Free) – An impressive amount of relevant information on commodities like precious metals.
5. WolframAlpha ($2.99) – Amazing amount of information about stocks and another other topic you can think of to research.
6. Stock Guru Pro ($19.99) – Don’t mistake the snapshot of each stock’s fundamentals here for actual “fundamental analysis”, but newbie investors especially might learn a lot using this app to research their stocks.