After shares fell from over $900 to $601.47 in the last two weeks, Monolithic Power (MPWR) is unable to shake off the negative sentiment. On Nov. 12, 2024, the firm confirmed that Nvidia (NVDA) is still a client for its bill of materials for next-generation systems.
Markets are using rumors of the lost business to correct the stock’s valuation. At a forward P/E of 45.76 times, this stock is approaching a sale price.
Shareholders of Super Micro Computers (SMCI) reacted to management’s disappointment in delaying its 13-Q filing again. On Wednesday, the firm said it could not file the report promptly. This is despite the board’s special committee completing its investigation to respond to its former auditor, Ernst & Young.
In after-hours trade, SMCI stock fell below $20.
Amentum (AMTM) continued its downtrend. Although the firm won a $490 million contract with the U.S. Navy, the stock is not attracting buyers. The firm will deliver logistic support for the T-54A multi-engine training system.
Boeing Company (BA) looked like it would rebound back to $150. Instead, the stock closed at $139.91 after touching a low in intra-day trade yesterday. BA stock looks undervalued. However, the heavy backlog of over 4,000 weekly orders is not a good enough reason to own this stock on sale.
