| Prev Close | 34.62 |
| Open | 35.29 |
| Day Low/High | 35.15 / 35.88 |
| 52 Wk Low/High | 28.39 / 64.66 |
| Volume | 32.48M |
| Avg Volume | 26.99M |
Micron Technology Inc. (MU)
35.64
1.02
2.95
NASDAQ : Electronic Technology
| Exchange | NASDAQ |
| Shares Outstanding | 1.11B |
| Market Cap | 39.91B |
| EPS | 12.30 |
| P/E Ratio | 2.97 |
| Div & Yield | N.A. (N.A) |
SAP's New Activist Investor Appears to Have Done Its Homework -- Tech Check
Elliott Management thinks SAP can significantly grow its EPS with the help of cost cuts and buybacks. A comparison of SAP's margin profile with Oracle and Microsoft's suggests it's right.
Chart of the Day
* The Semis have diverged from their historical relationship to bond yields * I added to my Micron short yesterday Semis (orange line) v. the 10 year U.S. note yield (white line): Source: Peter Boockvar
More Shorts
"Revenue decreased 5% from the same quarter a year ago as demand for our products continued to slow across most markets." - Texas Instruments 1Q EPS release I added to my Micron Technology short on the knee jerk rise in those shares (post market). I...
Key Takeaways
Here are my key observations from today's action: * A record setting day. * Liquidity, price momentum, selected EPS reports and "animal spirits" were likely contributing factors to the rush higher. * Breadth was strong -- about 3-1 advancers to decl...
Tweet of the Day
I remain short Micron Technology . From my pal, Fred Hickey: Problem semi investors face: by driving SOX up 35% YTD to all-time highs (smashing the old records), they've built in best of all rosy scenarios- really a coming boom.Yet semi makers misr...
Jim Cramer: One Heck of a Resilient Market
A resilient market allows you to buy stocks when they get hammered and do so with some certainty that you won't get your head handed to you.
Key Observations
Here are my key takeaways from today: * Mr. Market bent but didn't break. * Breadth was modestly negative (1,373 advancers, 1,555 decliners). * Bonds continue to point toward slowing economic activity in the U.S. and globally. The yield on the 10-y...
China Exports, Bank Earnings, Disney+, Chevron/Anadarko: Market Recon
There are several metrics that will be measured across all of the major banks that analysts and investors alike must take into account.
China's Planned Crypto Mining Ban Won't Affect Nvidia and AMD Much - Tech Check
Nvidia and AMD are now getting very little revenue from sales of graphics cards to cryptocurrency miners.
Watching Micron
Yesterday I placed Micron on my Best Ideas List (short) and made it my Trade of the Week (short). As Sarge (who is more upbeat on this name) pointed out this morning, the shares of Micron were subject to another downgrade: The iShares PHLX Semicound...
Earnings Season, EU Trade Troubles, Trading Intel: Market Recon
The EU is on the ropes. The economy there is in flames.
Jim Cramer: Do These 5 Powerful Analyst Downgrades Make the Grade?
Monday was a demonstration of pretty much everything analysts can throw at stocks to get you out while the getting is still good.
From the Street of Dreams
Cowen lowers its rating on Micron this morning: We are downgrading Micron to Market Perform based on our field work that indicates the confluence of a sea change in the competitive environment, an erosion in MU's NAND cost leadership, and our analys...
Trade of the Week - Shorting Micron ($43.32)
On Friday I reestablished my short in Micron . This morning I am adding MU (short) to my Best Ideas List, and making Micron my Trade of the Week. Here is my investment rationale: * From an investment and trading standpoint MU seems overpriced after...
Google Just Opened Up a New Revenue Stream for Google Assistant - Tech Check
Google will now show full search results -- including search ads -- when handling certain Google Assistant queries on Android devices.
Shorting Micron
I am back shorting Micron at $43.25.
Samsung Stock Slips as Profits Forecast Falls to Lowest Level in Years
Samsung is setting yet another bearish standard for semis and smartphones in the first half of 2019.
Semiconductor Rally Offers Opportunity in Some Old School Stocks
The semiconductor sector surge could send some standby industrial stocks higher with it.
Jim Cramer: The Best Time of All to Invest
Lowered expectations are the best kind of expectations and they can make for great markets.
Among the Semis, Taiwan Semiconductor Is Wednesday's Laggard
A published report said that TSM has seen orders for 7nm chips ramp higher.
Semiconductor Stocks Surge as Taiwan Semi Signals Smartphone Strength
Reports of a smartphone market recovery from Taiwan Semiconductor is taking the sector higher.
The Semi Schmeissing
Speaking of Micron this helps to explain the broad weakness in semiconductors.
Samsung Warning Should Sour International Investors on Seoul and Taipei
The tech giant makes up such a large part of the Korean stock index that its woes can't help but be a drag on the market as a whole.
Another Dumb Ass Move
Covering my short in Micron was another idiotic investment mistake. More lessons learned: * Markets, especially over the near term, are governed by price momentum based strategies and products that exaggerate short term moves. * Use the machines and...
The Trade Desk Remains a Pretty Unique Story - Tech Check
The online ad firm has seen strong growth in a U.S. market where Google, Facebook and Amazon loom large. And it's now entering China.
This 'Panic' Is Way Overdone: Fade It
Yes, the yield curve inverted, but it is NOT the same as in years past.
Is Micron a Buy? Friday's Trading Will Provide the Answer
Micron bulls are likely to run into the Micron bulls of Christmas past.
Jim Cramer: The Fed's Dramatic Sea Change and What It Means for Stocks Now
The best stocks to buy in this environment are the ones that have the greatest growth.
Lam Research Is an Attractive Alternative to Micron
LRCX could be a counterintuitive opportunity to cash in.
