Anything can happen with any earnings release by anyone but after the SNDK warning one would think that MU would have done the same by now if they had a disaster on the way. Wall Street has priced into MU's shares quite a bit of negativity already along with analysts cutting targets recently. My guess the release may be in line which may be good enough for now. Even if there is a miss as long as guidance for the back half of the year is good it may push shares higher. At this point it would seem anything can happen based on the action lately. Buyers have not been around which may be a good thing as a contrarian play.
It does that each night now it goes red, then green, then red, then green again. Hey it's like a traffic light!
Management has some "splainin" to do. I will bet if Intel does come back they will use the slowing numbers as leverage at a lower deal price this time around. Watch for Cramer to put the CEO on the "Wall of Shame". I would not be shocked if the shares climb back a bit based simply on the idea of a deal still happening. After all the recent weak tech earnings this was kind of telegraphed.
First of all CNBC treats this guy and others like they are the Savior on the Cross. Are all these guys the same? How does the SEC and other agencies allow these guys to manipulate stocks and markets? Innocent until proven guilty but everyday we see more and more of these stories. Imagine if you or I did anything?
I think you can get this under $60. If MU disappoints next week SNDK will get hit some more. It appears these stocks are seasonally out of favor right now.
MU also has different products in the portfolio as opposed to INTC. Sellers panicked and lumped the two together early this morning.
They installed it at their trading floors to give their traders a coffee-like jolt each day.
This has nothing to do with Tilson....yet. But this story will make some shorts nervous tomorrow especially if they have nice gains and Sullivan coming on CNBC tomorrow.
OK they can eliminate the dividenT but they should still pay out a dividenD to shareholders that's what utilities do. It's now up to 4.51% compared to 2% ten year. Soon the value guys will be buying it may have bottomed today if not it's close. The utilities did bounce off the lows late in the day. We'll see how they act next week especially with the Fed on Wednesday. A lot of the selling is probably in anticipation of their statement. Imagine if the Fed says they will stay on hold then you see a bottom in the sector.
It's what utilities do funnel cash to shareholders. Almost all utilities have rolling debt but they generate consistent cash flow to allow borrowing for dividends,capital projects, etc.
Now the guidance is not there yet I would bet on the CC but considering all the price cuts, downgrades and skeptics this is a good report in the weaker part of the year's cycle. Not bad so far.
Read the Najarian's article here on Yahoo about the unusual put activity just prior to news of the LL investigation by Sen. Nelson hitting the wires. These politicians get away with this stuff all the time. They should be checking for any activity related to LL in the accounts of his staffers and family members. This is the ultimate example of insider information.
Imagine where the stock would be if they actually put up good numbers. They are being rewarded in the AH for nothing.