$CAMP
Calamp Corp.
PRICE
$3.19 -
Extented Hours
VOLUME
79,986
DAY RANGE
3.032 - 3.22
52 WEEK
2.91 - 7.62
Join Discuss about CAMP with like-minded investors
@trademaster #TradeHouses
By Senad Karaahmetovic The U.S. stocks fell modestly last week with the S&P 500 (SPX) closing the week 0.28% lower - the first time it recorded two consecutive weekly red candles since December. The index is essentially flat month-to-date (MTD), which is quite positive for bulls as the January rally is still holding in. Looking at valuation, the forward 12-month P/E ratio for the S&P 500 is 18.0, below the 5-year average of 18.5% but above the 10-year average of 17.2. The Dow Jones Industrial Average Index (DJI) has continued to hover around 34000, ending the week 0.13% lower. Nasdaq Composite Index (IXIC) was the only major U.S. index to close in green last week after dropping 2.4% a week earlier. Looking ahead, this week's key economic data releases include the Q4 GDP second release on Thursday while investors will also watch closely the core PCE inflation and the University of Michigan reports on Friday. Earlier in the week, the minutes from the January FOMC meeting will be released (Wednesday) while several Fed speakers are due to speak this week, including Jefferson, Waller, Williams, Bostic, Daly, Mester, Bullard, and Collins. Q4 earnings session so far As of Friday, February 17, 82% of S&P 500 companies have reported results for Q4 2022. According to FactSet's data, 68% of S&P 500 companies have reported a positive EPS surprise and 65% of S&P 500 companies have reported a positive revenue surprise. As far as closely watched guidance is concerned, 65 S&P 500 companies have issued negative EPS guidance and 20 S&P 500 companies have issued positive EPS guidance. For this week, Home Depot (NYSE:HD) and Walmart (NYSE:WMT) have already reported earnings with both trading lower, thanks to the weaker-than-expected guidance for the full year. Coinbase (NASDAQ:COIN) and Palo Alto Networks (NASDAQ:PANW) are due to report on Tuesday, while Nvidia (NASDAQ:NVDA) and eBay (NASDAQ:EBAY) are reporting on Wednesday after the market close. Finally, Alibaba (NYSE:BABA) and Booking (NASDAQ:BKNG) are due to report on Thursday. What are analysts saying? Here's what analysts have to say about the upcoming trading week. Goldman Sachs analysts: "Our risk appetite indicator (GSRAII), sentiment surveys and CTAs equity positioning registered the largest bullish turn (from very bearish levels). We think the speed of the rebound lowers the bar for a negative sentiment shock from here if macro data disappoint." Morgan Stanley analysts: "With the Equity Risk Premium at its lowest level since 2007, the risk-reward for stocks is extremely poor, particularly with a Fed that is likely far from done, and earnings expectations that are 10-20% too high. It's time to head back to base camp before the next guide down in earnings." Citi analysts: "Last year's losing trades have started 2023 very strongly. Global equities, especially tech stocks, are up. Oil and defensive stocks have lagged. However, markets often change leadership into the new year, only to revert back to the previous themes later on. We suspect 2023 will follow this well-worn pattern." UBS analysts: "We still expect a hard landing… We added a May rate hike to the projection, and point to the risks that the FOMC raises rates by an additional 25 bps at their June meeting too. But higher rates do not make us more bullish on the economic outlook." Credit Suisse analysts: "The bulls have been playing two key datapoints (global PMIs rising and core CPI falling), and thus the negative catalyst will come when either stops. Wages and service sector inflation (ex shelter) are correctly seen as the key to overall inflation, and we think both are stickier than the market currently perceives." Vital Knowledge analysts: "The current phase of unhelpful economic data may persist for a bit longer (including the Jan PCE on Friday 2/24) and the SPX's valuation still isn't appealing, but these are ephemeral stumbling blocks, which is why dips (down to 4000-4050) should be bought. Disinflation is likely to resume, central banks (including the Fed) are nearing the finish line, and earnings/growth are resilient." JPMorgan analysts: "With equities trading near last summer’s highs and at above-average multiples, despite weakening earnings and the recent sharp move higher in interest rates, we maintain that markets are overpricing recent good news on inflation and are complacent of risks. Equity markets appeared to read this month's central bank meetings as dovish, while dismissing the weak Q4 earnings and the implications of the strong US payroll report for both monetary policy and corporate margins. We see the equity risk/reward as skewed to the downside, as upside potential for markets is likely fairly limited given stretched valuations and high rates, while downside could be meaningful, e.g. in case of a further weakening of activity, persisting inflation, higher terminal rates, or a resurgence of geopolitical risk."
84 Replies 10 👍 7 🔥
@trademaster #TradeHouses
By Tom Westbrook SINGAPORE (Reuters) - Asia's stock markets were mixed on Thursday, a day after their biggest slide in three months as investors weighed the risk of the Federal Reserve hiking interest rates by a jumbo 100 basis points next week to tackle sky-high inflation. The Japanese yen also began slipping again, getting only a limited boost from the strongest hints yet of possible market intervention by Japanese authorities. MSCI's broadest index of Asia-Pacific shares outside Japan rose 0.1% and Japan's Nikkei 0.2%. EUROSTOXX 50 futures added 0.1% and FTSE futures firmed 0.4%. S&P 500 futures and Nasdaq futures were both near flat. [.N] "Equity markets are presently in no-man's land," said Sean Darby, global equity strategist at Jefferies in Hong Kong. "Better macro news to support earnings is discounted as (there is) the need for further tightening to quash growth – while CPI prints are not declining fast enough," he said. "The best metaphor is that the Fed is not only driving the economy using a rear view mirror but is now being forced to press the 'rate rise' accelerator just as bond markets are discounting an overtightening." Fed funds futures, which were dumped along with stocks after Tuesday's stubbornly hot U.S. inflation reading, imply a 30% chance of a 100 basis point rate hike next week. They have the benchmark U.S. interest rate as high as 4.3% by February. Treasuries were calm in Tokyo trade on Thursday, but the U.S. yield curve is deeply inverted - often a signal of a looming recession - as investors believe that rate hikes through this year and next will take a bite out of future growth. [US/] Two-year yields, which track near-term rate expectations, edged up to 3.029%, bringing the rise for the week so far to 23 basis points in the seventh straight weekly gain. The benchmark 10-year yield was at 3.424%, having climbed 11 basis points this week. "(There are) two opposing forces for the 10-year note – the upward pressure from Fed hikes and downward pressure from a potential economic downturn in the future," said NatWest Markets' U.S. rates strategist Jan Nevruzi. "We are more firmly in the camp that more hikes today increase the odds for a deeper recession." LINE IN THE SAND One bright patch on Thursday was China's beleaguered property sector, with news reports on forthcoming government support lifting a Hong Kong index of mainland developers 6.5%. The broader Hang Seng rose 0.8%. (HK) In currency markets, the U.S. inflation shock and expectation of rate hikes in response have sent the greenback up to re-test recent multi-decade highs. Thursday moves were modest, with the euro down a fraction at $0.9965 and the Aussie taking a small lift to $0.6758 after some mixed employment data. [AUD/] The yen, pounded some 20% lower against the dollar this year, eased anew to 143.55 per dollar. It had bounced as far as 142.56 on Wednesday when the Bank of Japan checked dollar/yen rates with banks around the 145 per dollar level - a possible prelude to outright yen buying. Japan has not intervened in forex markets since 2011 and back then it was to restrain an overly strong yen. "I certainly don't want to be the one to stand here and suggest that this (145 yen per dollar) is the line in the sand," said Shafali Sachdev, head of FX, fixed income and commodities for Asia at BNP Paribas (OTC:BNPQY) Wealth Management in Singapore. "But what's clear is that the market is wary of the level, and has tried to test the level a few times which seems to suggest that if it breaks, it may overshoot quite rapidly." Data out on Thursday showed Japan had posted a record trade deficit in August, one aggravated by the yen's slide. That was also yet another weight on the currency. Later in the day European trade data is due and Chinese President Xi Jinping meets Russia's Vladimir Putin in Uzbekistan. In oil markets, Brent crude futures dipped 24 cents to $93.86 a barrel. Spot gold dropped 0.4% to $1,689 an ounce, having steadily slipped as the dollar and U.S. yields have gone up. [O/R][GOL/]
135 Replies 8 👍 7 🔥
@trademaster #TradeHouses
By Yimou Lee and Sarah Wu TAIPEI (Reuters) -China fired multiple missiles around Taiwan on Thursday, launching unprecedented military drills a day after a visit by U.S. House of Representatives Speaker Nancy Pelosi to the self-ruled island that Beijing regards as its sovereign territory. The exercises, China's largest ever in the Taiwan Strait, began as scheduled at midday and included live-firing in the waters to the north, south and east of Taiwan, bringing tensions in the area to their highest in a quarter century. China's Eastern Theatre Command said at around 3:30 p.m. (0730 GMT) it had completed multiple firings of conventional missiles in waters off the eastern coast of Taiwan as part of planned exercises in six different zones that Beijing has said will run until noon on Sunday. Taiwan's defence ministry said 11 Chinese Dongfeng ballistic missiles had been fired in waters around the island. The last time China fired missiles into waters around Taiwan was in 1996. Taiwan officials condemned the drills, saying they violate United Nations rules, invade its territorial space and are a direct challenge to free air and sea navigation. Tensions had been building ahead of Pelosi's unannounced but closely watched visit to Taiwan, made in defiance of heated warnings from China. Before Thursday's drills officially began, Chinese navy ships and military aircraft briefly crossed the Taiwan Strait median line several times in the morning, a Taiwanese source briefed on the matter told Reuters. By midday, warships from both sides remained in the area and in close proximity, and Taiwan scrambled jets and deployed missile systems to track multiple Chinese aircraft crossing the line. "They flew in and then flew out, again and again. They continue to harass us," the Taiwanese source said. China, which claims Taiwan as its own territory and reserves the right to take it by force, said on Thursday its differences with the self-ruled island are an internal affair. "Our punishment of pro-Taiwan independence diehards, external forces is reasonable, lawful," China's Beijing-based Taiwan Affairs Office said. In Taiwan, life was largely as normal, despite worries that Beijing could take the unprecedented step of firing a missile over the main island, similar to a launch by North Korea over Japan's northern island of Hokkaido in 2017. Taiwan residents are long accustomed to Beijing's threats. "When China says it wants to annex Taiwan by force, they have actually said that for quite a while," said Chen Ming-cheng, a 38-year-old realtor. "From my personal understanding, they are trying to deflect public anger, the anger of their own people, and turn it onto Taiwan." However, Taiwan said that the websites of its defence ministry, foreign ministry and the presidential office were attacked by hackers, and warned of the likelihood of stepped up "psychological warfare" in coming days. 'COMRADE PELOSI' Chinese Foreign Minister Wang Yi called Pelosi's visit to Taiwan a "manic, irresponsible and highly irrational" act by the United States, state broadcaster CCTV reported. Wang, speaking at a meeting of Southeast Asian foreign ministers in Phnom Penh, Cambodia, said China had made the utmost diplomatic effort to avert crisis, but would never allow its core interests to be hurt. Unusually, the drills in six areas around Taiwan were announced with a locator map circulated by China's official Xinhua news agency earlier this week - a factor that for some analysts and scholars shows the need to play to both domestic and foreign audiences. On Thursday, the top eight trending items on China's Twitter-like Weibo (NASDAQ:WB) service were related to Taiwan, with most expressing support for the drills or fury at Pelosi. "Let's reunite the motherland," several users wrote. In Beijing, security in the area around the U.S. Embassy remained unusually tight as it has been throughout the week. There were no signs of significant protests or calls to boycott U.S. products. "I think this (Pelosi's visit) is a good thing," said a man surnamed Zhao . "It gives us an opportunity to surround Taiwan, then to use this opportunity to take Taiwan by force. I think we should thank Comrade Pelosi." U.S. SOLIDARITY Pelosi, the highest-level U.S. visitor to Taiwan in 25 years, praised its democracy and pledged American solidarity during her brief stopover, adding that Chinese anger could not stop world leaders from travelling there. China summoned the U.S. ambassador in Beijing in protest against her visit and halted several agricultural imports from Taiwan. "Our delegation came to Taiwan to make unequivocally clear that we will not abandon Taiwan," Pelosi told Taiwan's President Tsai Ing-wen, who Beijing suspects of pushing for formal independence - a red line for China. "Now, more than ever, America's solidarity with Taiwan is crucial, and that's the message we are bringing here today." The United States and the foreign ministers of the Group of Seven nations warned China against using Pelosi's visit as a pretext for military action against Taiwan. White House national security spokesman John Kirby (NYSE:KEX) said earlier in the week that Pelosi was within her rights to visit Taiwan, while stressing that the trip did not constitute a violation of Chinese sovereignty or America's longstanding "one-China" policy. The United States has no official diplomatic relations with Taiwan but is bound by American law to provide it with the means to defend itself. China views visits by U.S. officials to Taiwan as sending an encouraging signal to the pro-independence camp on the island. Taiwan rejects China's sovereignty claims, saying only the Taiwanese people can decide the island's future.
102 Replies 14 👍 6 🔥
@trademaster #TradeHouses
By Yimou Lee and Sarah Wu TAIPEI (Reuters) -China launched unprecedented live-fire military drills in six areas that ring Taiwan on Thursday, a day after a visit by U.S. House of Representatives Speaker Nancy Pelosi to the self-ruled island that Beijing regards as its sovereign territory. Soon after the scheduled start at 0400 GMT, China's state broadcaster CCTV said the drills had begun and would end at 0400 GMT on Sunday. They would include live firing on the waters and in the airspace surrounding Taiwan, it said. Taiwan officials have said the drills violate United Nations rules, invade Taiwan's territorial space and are a direct challenge to free air and sea navigation. China is conducting drills on the busiest international waterways and aviation routes and that is "irresponsible, illegitimate behaviour," Taiwan's ruling Democratic Progressive Party said. Taiwan's cabinet spokesman, expressing serious condemnation of the drills, said also that websites of the defence ministry, the foreign ministry and the presidential office were attacked by hackers. Chinese navy ships and military aircraft briefly crossed the Taiwan Strait median line several times on Thursday morning, a Taiwanese source briefed on the matter told Reuters. By midday on Thursday, military vessels from both sides remained in the area and in close proximity. Taiwan scrambled jets and deployed missile systems to track multiple Chinese aircraft crossing the line. "They flew in and then flew out, again and again. They continue to harass us," the Taiwanese source said. On Wednesday night, just hours after Pelosi left for South Korea, unidentified aircraft, probably drones, flew above the area of Taiwan's outlying Kinmen islands near the mainland coast, Taiwan's defence ministry said. China, which claims Taiwan as its own territory and reserves the right to take it by force, said on Thursday its differences with the self-ruled island were an internal affair. "Our punishment of pro-Taiwan independence diehards, external forces is reasonable, lawful," China's Beijing-based Taiwan Affairs Office said. China's Foreign Minister Wang Yi called Pelosi's visit to Taiwan a "manic, irresponsible and highly irrational" act by the United States, state broadcaster CCTV reported. Wang, speaking at a meeting of Southeast Asian foreign ministers in Phnom Penh, Cambodia, said China had made the utmost diplomatic effort to avert crisis, but would never allow its core interests to be hurt. The foreign ministers in a statement had earlier warned that volatility caused by tensions in the Taiwan Strait could lead to "miscalculation, serious confrontation, open conflicts and unpredictable consequences among major powers". 'COMRADE PELOSI' Unusually, the drills in six areas around Taiwan were announced with a locator map circulated by China's official Xinhua news agency earlier this week - a factor that for some analysts and scholars shows the need to play to both domestic and foreign audiences. On Thursday, the top eight trending items on China's Twitter-like Weibo (NASDAQ:WB) service were related to Taiwan, with most expressing support for the drills or fury at Pelosi. "Let's reunite the motherland," several users wrote. In Beijing, security in the area around the U.S. Embassy remained unusually tight on Thursday as it has been throughout this week. There were no signs of significant protests or calls to boycott U.S. products. "I think this (Pelosi's visit) is a good thing," said a man surnamed Zhao in the capital's central business district. "It gives us an opportunity to surround Taiwan, then to use this opportunity to take Taiwan by force. I think we should thank Comrade Pelosi." Pelosi, the highest-level U.S. visitor to Taiwan in 25 years, praised its democracy and pledged American solidarity during her brief stopover, adding that Chinese anger could not stop world leaders from travelling there. China summoned the U.S. ambassador in Beijing in protest against her visit and halted several agricultural imports from Taiwan. "Our delegation came to Taiwan to make unequivocally clear that we will not abandon Taiwan," Pelosi told Taiwan's President Tsai Ing-wen, who Beijing suspects of pushing for formal independence - a red line for China. "Now, more than ever, America's solidarity with Taiwan is crucial, and that's the message we are bringing here today." The United States and the foreign ministers of the Group of Seven nations warned China against using Pelosi's visit as a pretext for military action against Taiwan. White House national security spokesman John Kirby (NYSE:KEX) said earlier in the week that Pelosi was within her rights to visit Taiwan, while stressing that the trip did not constitute a violation of Chinese sovereignty or America's longstanding "one-China" policy. The United States has no official diplomatic relations with Taiwan but is bound by American law to provide it with the means to defend itself. China views visits by U.S. officials to Taiwan as sending an encouraging signal to the pro-independence camp on the island. Taiwan rejects China's sovereignty claims, saying only the Taiwanese people can decide the island's future.
108 Replies 9 👍 13 🔥
@Pal #droscrew
He is fully in 75 point camp. "Don't think because you're not going to 100, you're not doing your job."
124 Replies 14 👍 13 🔥
@aserg76 #P I V O T B O S S
new to the site. should I watch the 5day boot camp first or the premium training 10 part series? TY
78 Replies 10 👍 7 🔥
@Thai #P I V O T B O S S
Hi everyone, Someone mentioned Boot Camp training. Where can I find that? thx?
43 Replies 14 👍 14 🔥
Key Metrics
Market Cap
117.93 M
Beta
1.28
Avg. Volume
151.58 K
Shares Outstanding
36.97 M
Yield
0%
Public Float
0
Next Earnings Date
2023-04-27
Next Dividend Date
Company Information
CalAmp Corporation is a global technology solutions pioneer transforming the mobile connected economy. The company helps reinvent business and improve lives around the globe with technology solutions that streamline complex mobile IoT deployments and bring intelligence to the edge. Its software and subscription-based services, scalable cloud platform and intelligent devices collect and assess business-critical data from mobile assets and their contents. CalAmp calls this The New How, facilitating cient decision making, optimizing mobile asset utilization and improving road safety. Headquartered in Irvine, California, CalAmp has been publicly traded since 1983 and has 20 million products installed and over 1.3 million software and services subscribers worldwide. Synovia™, Tracker™ and Here Comes The Bus® are CalAmp brands.
CEO: Jeffery Gardner
Website: www.calamp.com
HQ: 15635 Alton Pkwy Ste 250 Irvine, 92618-7328 California
Related News