Micron Technology Inc. (MU)

33.82
0.91 2.62
NASDAQ : Electronic Technology
Prev Close 34.73
Open 33.89
Day Low/High 32.96 / 33.90
52 Wk Low/High 28.39 / 64.66
Volume 31.91M
Avg Volume 27.16M
Exchange NASDAQ
Shares Outstanding 1.11B
Market Cap 39.44B
EPS 12.30
P/E Ratio 2.94
Div & Yield N.A. (N.A)

Spots of Vulnerability (Semiconductors - Part One)

* Huawei's hoarding of semiconductor components has likely artificially buoyed demand over the last year * Semiconductor companies have "over earned" and much lower EPS guidance may lie ahead The U.S. has rolled back some of Sunday's restrictions on...

Spots of Vulnerability

This morning, I plan to briefly highlight the vulnerability of one stock and two market sub sectors -- I would avoid all three over the next few months and over the remainder of the year: Semiconductors Apple AAPL Asset Managers Apple and Micron are...

It's a Five!

* What's wrong with rolling a 2.40% three month Treasury bill given the market action and fundamental uncertainties? * A Bull Market in complacency, in hyperbole and in hopium. * More evidence of a topping process. * Remember, buyers live higher and...

Watching the Clouds While Chips Take a Huawei Hit: Market Recon

Watching the Clouds While Chips Take a Huawei Hit: Market Recon

CRM is still suffering, but a number of other cloud stocks are still hot. Here is how to play it.

Jim Cramer: Trump Is Now in Charge of Who Does Business in China

Jim Cramer: Trump Is Now in Charge of Who Does Business in China

It's ironic. Had the Chinese let Facebook, Amazon, Netflix and Alphabet in, there could have been some massive retaliation for Huawei. But they never did.

Tactically Speaking

After covering shorts in , , , , (and others) earlier this week, I am very liquid. I stand ready to reload these shorts on further strength.

Today's Trades

"Just one more thing." -- Lt. Columbo Since I was unusually active today (and I know it can get confusing) I think it would be helpful to summarize today's trades. * I covered all of my semiconductor shorts -- Intel and Micron (still on my Best Idea...

Covering MU, INTC Shorts

I have covered the balance of my (at $37.40) and (at $44.90) shorts. We have made good gains here and I believe I will have an opportunity to reshort on strength. At least I hope so!

More Housekeeping Items

I have covered half of my (at $37.50) and (at $43.30) shorts for large profits. Moved from medium-sized to small-sized.

First Short Cover

I just covered half of my Micron short at $37.80. Move to medium-sized from large-sized. Micron was placed on my Best Ideas List (short) one month ago at $43.32. Part of my mission has been accomplished.

For Emphasis

My largest sector short - based on fundamental considerations - is in the much-loved semiconductor industry. The names are Intel and Micron .

Was the Close a 'Tell'?

Not that it matters these days in such an "abnormal" and newsy market, but the close was sub-optimal. Often, technicians look at the last 30 minutes as a "tell." The Spyders lost nearly $1.80 and the S&P futures lost about 18 handles in the last hal...

Key Takeaways

Another day of "newsy" action as it pertains to how the trade negotiations are going. Today it was Sarah Sanders saying, in very vague terms, that negotiations are advancing in the sense that the Chinese are willing to proceed with the talks. As suc...

Today's Trades

Today's trades included the purchase of and near-dated puts, and more shorts put on in Semis ( and ) and Asset Managers ( and ). I added to my large long. I liquidated my holdings in , and . As a result, I raised my net short exposure of my portfoli...

My Book

My long book is down to small positions in , , and . Mediums sized in . And large positions in (actually very large as I have been adding), , , , , L and . My short book includes small to medium sized positions in , , , , and large positions in and ...

Jim Cramer: President Trump Knows More Than You About How Tariffs Work

Jim Cramer: President Trump Knows More Than You About How Tariffs Work

The base just wants the scales leveled. That's what Trump wants, too, and he won't sign off on anything with China until he gets it.

Nvidia Slips as Semiconductor Sector Is Stung by Trump's Tariff Tweets

Nvidia Slips as Semiconductor Sector Is Stung by Trump's Tariff Tweets

Chip stocks in general reflect concern about the repercussions of the president's latest threats to impose higher and expanded tariffs on Chinese goods.

Wait for the Dust to Settle for Arista Following Its Plunge

Wait for the Dust to Settle for Arista Following Its Plunge

The data center switch supplier still has strong long-term growth drivers. But it could see more profit-taking following a weak Q2 outlook blamed on softening cloud demand.

More INTC, MU

I am offering some more and on the short side now.

Jim Cramer: Don't Try to Predict the Cycle, Game the 'Gamers' Instead

Jim Cramer: Don't Try to Predict the Cycle, Game the 'Gamers' Instead

The big portfolio managers get ahead of the turn in cycles -- as we can see in oil services, semiconductors and autos, among other sectors. Here's how to play their game.

Key Takeaways

With thirty minutes to go in the regular hours trading session: * Second day of weakness with 1,340 advancers and 1,610 decliners on the NYSE. * But we are way off the day's lows. In fact S&P futures are 17 handles above the morning levels (Made a n...

Samsung's Phone and Memory Guidance Didn't Rock the Boat

Samsung's Phone and Memory Guidance Didn't Rock the Boat

Though the Korean tech and electronics giant is facing its share of challenges, it did report seeing strong Galaxy S10 sales and forecast memory demand will improve in the coming months.

Shorts Starting to Pay Off

Recent shorts such as T. Rowe Price , Franklin Resources , Micron Technology , Intel and Apple are beginning to pay off!  

Intel Stock Takes Historically Deep Dive After Offering Gloomy Guidance

Intel Stock Takes Historically Deep Dive After Offering Gloomy Guidance

Intel investors had a bad flashback on Friday.

Tempered 2019 Outlook Tanks Intel Stock

Tempered 2019 Outlook Tanks Intel Stock

Macro factors and demand deceleration are driving a deep decline in Intel shares.

Yesterday

"Yesterday All my troubles seemed so far away Now it looks as though they're here to stay Oh, I believe in yesterday" - The Beatles, Yesterday I was active trading yesterday. I added to my Index shorts ( and ) and to a number of individual equity sh...

New and Added Shorts

"Just one more thing." - Lt Columbo Small beat at Intel but very poor next quarter and full-year guidance (both sales and profits). I shorted Intel (on the report) and added further to my Micron and shorts. This stock was widely touted in the busine...

Key Takeaways

With an hour to go, here are my key observations on the day: * Another smart rally off of the day's low (such a resilient market!) but not accompanied by a revival of breadth (which is now 1,175 advancers against 1,760 decliners). * Bonds rose by 1-...

Back to School: My Trading Strategy for ServiceNow, Microsoft, Raytheon, Amazon

Back to School: My Trading Strategy for ServiceNow, Microsoft, Raytheon, Amazon

Pull up a chair in Sarge's classroom.

Short People Got No Reason...

"Short people got no reason Short people got no reason Short people got no reason To live They got little hands And little eyes And they walk around Tellin' great big lies They got little noses And tiny little teeth They wear platform shoes On their...