|Day Low/High||82.22 / 84.95|
|52 Wk Low/High||31.13 / 87.25|
Plus, a preview of the coming Consumer Electronics Show and quick news hits on Micron and Boeing.
I had thought markets were smitten with the idea of gridlock. Now, they seem laser focused on looser fiscal policy as a catalyst.
Can we trust MU this time? Is it too late to hop on board?
It's time to start a new trading year.
Buy the best and leave the rest to those who don't know better.
The tide might eventually turn in 2021, but chip demand looks poised to remain strong at least for the next few months.
Also, Salesforce posts successful quarter and announces Slack acquisition to effectively take on Microsoft.
The fact is that business in whole areas of the economy remain very strong despite what you heard about ZM this morning.
Smart Global Holdings and Leaf Group have seen purchases of their shares by people in the know.
For now, investors will either have to find some place else for their money or be patient.
Neither candidate seems to be the enemy of the market -- at least not yet.
Markets now look to Treasury Secretary Mnuchin and Speaker Pelosi to do something.
Speaker Pelosi and Secretary Mnuchin appear to be playing nice for the moment. Can we keep the consumer in the game?
* My revised levels I don't want there to be any ambiguity about the size of my positions or about my buy and short levels as I strive for as much transparency as possible. "When the time comes to buy, you won't want to." -- Walter Deemer "When the ...
If you're in MRVL, you're here for the opportunity in 5G technology.
Plus, the equity markets suddenly are trading quite listlessly and Applied Materials surprises.
The memory giant indicated November quarter sales would be below its preliminary outlook, and also says its August quarter will be more back-end loaded than originally expected.
Micron shares are trading down after company management, at a KeyBanc conference, said that Q4 (Aug) will be weaker than previously thought.
A small trading position or bull call spread might be warranted, depending on support.
I'll consider the MU setup a bust if we break the support cluster. Let's see if TLT can hold above the recent low.
The analog chip giant topped estimates and issued above-consensus guidance. But it also cautioned that macro pressures might take a while to go away.
Among the things to watch: How Q3 demand is trending for markets such as smartphones, online advertising, streaming and e-commerce.
While valuations still aren't as high as they got in 2000, a lot of recent investor behavior feels very familiar.
With so many bullish clues it's easy to recommend a long position on MU.