Rate sensitive is flat to down today. "If": the Fed hints today or tomorrow they are staying on hold these stock rally some.
He is getting killed on CHK, RIG, HTZ, NUAN, etc. I replied to a post on June 24th and said IEP would be under $80 within 2-3 months based on these horrible buys and the stock's chart is terrible.
I agree but the GOP thinks cutting taxes especially for corporations will fix everything. Each side has played those policies for quite awhile now. That trickle down has not worked for the 6-7 years and now that the Fed and China are in play hurting the US markets all we got was stock buybacks, dividend bumps and very little reinvestment into businesses especially with hiring. It's part of why GDP is stuck in the mud.
$34 and the deal happening would shock the market and have shorts scrambling especially if it's all cash but I still think the Chinese government involvement throws a monkey wrench into any deal.
It's going to end up Clinton vs. Bush despite all this recent hoopla around Sanders and Trump. Follow the money trail and see who has the most come primary time. Believe it or not Wall Street does like to give her donations. Bush has the "brother hangover" but I think it will be a close election but there is a ton of time to go.
It may give MU another $20 plus tape if so but the Chinese government is involved here in this offer and I would guess it will just not fly with US regulators because of the technology that's involved here. There are strategic tech secrets with each US based company like MU. There will have to be a lot of happy endings from Asian masseuse's for the US regulators to get this through I believe. Knowing our government that might actually work. If this wasn't the Chinese you are correct MU should and would not consider such a low ball bid. I circle back to INTC/ ALTR and how Intel is truly overpaying for a recent serial earning's disappointer.
an $18.34 close is not too bad considering the Nazgaq was down 121 points this week an MU started on Monday with an artificial takeover price of $20.12 and closed on Monday at $18.89 and closed today down .55 from Monday's close with the Nazdaq down that much (121) for the week. It's possible that recent buyers are holding with more conviction. I guess we'll see in the next few weeks if this can climb over $20 again without any takeover talk.