The direction will be determined after 2pm most likely based on the Fed announcement. I actually believe this one may be a non event. The Fed is never leaving with the mixed numbers the economy keeps spitting out and that will be their excuse to do so. I actually believe they have no realistic plan fearing they will wreck the markets. I'll guess MU closes $31.85-.90 if they don't #$%$ the market.
Their predictions are beyond belief and assumptions just hold no credibility. They year over year inflation rate is over their target already and they did not hold their prior policy when unemployment dropped below 6.5%. I posted earlier they will never exit their current policies boy it sure looks like it. You may as well put a tape recorder in that seat it does not matter if it's Beranke or Yellen it's all the same. They are truly killing seniors and savers I am just waiting for Rick Santelli to go insane in a few minutes. Part On....to the moon Alice!
Not far away...mom is one, my in-laws are who live on a fixed budget, many friends are but you forgot to mention savers. What the Fed is and has been doing is attempting to force people into assets they normally will not want to be in. Everyone of us is aware of bank interest rates on most accounts (.01 to .05 average) the Fed is creating a debate in the average savers mind do I leave my money in a bank or do I place it in the market at all time highs. We here have an idea of how markets work most savers do not. When this group of people capitulate and throw their money into the market it's usually the sign of the top however I believe they may not this time especially after 2008, I don't know if we are there yet but I will bet we are not far away. My complaint has nothing to do with MU it is that Yellen today told you "it depends" this is the most powerful Fed in the world who has rarely been right over the years about predictions and that's what we took away from her statement. Today's turnaround gains were nice probably a result of black box trading off of key words but this press conference should make investors sit up and take notice. Draw your own conclusions that's what these boards are all about.
I agree but he is on the mark about a lot of what is going on especially relating to the distortions from the effects of Fed policies. My net worth is back near the highs and that's great but we just do not have a market and markets reflecting what is going on here and abroad. This is a highly leveraged world and that never ends pretty but like I said earlier....Party On! Get out the darts.
Slight revenue beat EPS miss bracketed the FY 2015 for both EPS and revenue so a little mystery there. Overall OK is it good enough to get back to the high probably not but it probably will keep the shares between $7 and $8 a nice trading range for now. I said a few days ago it would retest that $7.02 then buy it hit the $6.90's for two day and now the mid $7's for now. The question is....is this as good as it gets for now? I think the economy will dictate that answer.
I wouldn't say disappointed more like a flat report with revenue beat and EPS miss along with the bracketed guidance for FY 2015. It's not great but not bad either. I would bet Cramer will become silent on RAD after this release.
Been in this for months since the big drop and have left it alone bought more on dips each time it went under $1.80 but I have a feeling that this will break out one day soon on some news like so many of these $2-$3 bio-techs that have been wacked lately (ARIA, ACHN, GERN). I'm hanging in there hoping for a double or more. You have a $2.21 high this morning a few weeks ago it had trouble at $2.25.
just before the bell could be what is holding MU down along with weakness in yesterday' s trade. Two totally different calls this morning the Raymond James target with a $40 with a Strong Buy and this. Sometimes investors do take profits before earnings after a nice run. Monday is what matters I believe it's after the bell.
This is what I have been posting traders and momentum guys run most stocks into earnings then peel back a bit into the reports. Including Raymond James today there have been at least a half a dozen upgrades in a about a week which fueled the run. MU is still relatively cheap and have knocked the cover off the ball the past two reports so expectations are high any disappointment on Monday this could get hit pretty good at least the move from last week which was $29 plus could be retraced or even more. Personally I think they will do OK on Monday. Most investors are very bullish on MU lately which always makes me nervous being a bit of a contrarian but I got a gut feeling that they will report good not great earnings and the stock will stay pretty much where it is for now. Tomorrow's another day and who knows the weakness of the past two days could end but the weakness is now there which leads to a little caution at least from a traders viewpoint but for the investors it should not matter.
Oddly $29 was the close on Tuesday 6/10 the next day the upgrades started.Abig drop in the Nazdaq would have to happen the next two days to get it near $29.50 by Monday's close. I doubt it gets there but stranger things do happen in this market. I can see a pullback possibly to the $30.50 area before earnings. ORCL laid an egg tonight so it could affect the Nazdaq tomorrow but we'll see how that plays out.
This is the ashes from weeks of the Cramer pump. The report was actually OK but guidance was sort of a mystery. I would guess the market focused on the .04 miss whereas they did what a lot have not beat on the revenue. Cramer should be kicked in the #$%$ after constantly ranting this is now a growth stock after this report it's kind of hard to justify that claim.
Upped their target by $4....the parade continues. Someone posted here days ago nobody left to upgrade and I responded give it more time this is what analysts do best especially if the share price is above some of their targets. "If" MU misses then I love to watch if any of these firms change their view almost overnight they usually don't because these guys almost never admit they are wrong. I am a little surprised that two in two days upped their targets this close to the release. I am eager to see how this turns out now.