Maybe a flush is going on. Tomorrow's jobs number will move markets in addition possibly new fund monies enter markets around the first of each month. If so they must be salivating at today's drop and hope it holds. On the other side of that is Putin and the weekend.
He just did talking down MU which he has pumped endlessly referring to Samsung and increasing capacity above GS estimates.
He tanked them another 25 points minutes ago talking about how Russia is affecting all international corporations. Suddenly the last few days he has flipped from being Mr. Happy. I would guess he wants cheaper prices for his charity to buy more and mostly to help his hedge fund brothers.
Wage inflation grew to the biggest number in six years and you would think that would be a good thing for the economy since the consumer is near 65% of the economy yet the market futures worsen for the fear it may hurt corporate profits and speed up the Fed to hike rates both of which may actually help the economy get out of the mud. The market is absolutely hooked on the sugar and any talking head on the air waves who says no is just a paid pumper.
If so combined with the negative futures and possibly Samsung it shook out weak hands in the pre-market like it does to a lot of stocks.
Forgot about that but that's only part of MU's business. The big investors or funds tend not to trade in the PM. I got a feeling this will close today $31.50 or above. They are shorting pretty good around $30.75 right now.
Got more $30.50 & $30.25. I don't know if it's the futures but I see no news and it maybe they are shaking out weak hands in the PM. SNDK down also but not like MU.
This is not a normal down because the Nazdaq futures down 25. There must be some news I doubt it's this Tessera news. The irony is that MU was strong all day yesterday in a volatile market.
A mixed bag kind of but they did beat on both EPS and revenue slightly while still spending to build out the network. So overall not bad it definitely could have been worse. The next catalyst is the September merger possibility.
Amazon already sells 98% of what Rite Aid sells and almost all cheaper. Bezos invests in mostly tech and things that may be big in the future. As Rite Aid's balance sheet further improves then you may see somebody sniffing around.
I think some of the late move today was attributable to the article of the two sides preparing their case for the regulators in September. I think the deal gets done because it seems the administration lets corporations do what they want to consumers. An earnings beat would help propel the stock back towards $9 then the merger back near or over $10 if things fall into place.
Gone like he always does. Pumped at the decade high about the growth then amnesia sets in. In his mind he has all the winners he has pumped then sings about them only on You Tube do we see the misses.
has this much influence on the stock. This will be a one day event I believe and back near $42 again by Wednesday. Goldman does remain positive on the airlines that came out today also.