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.
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.
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.
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 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.
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.
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!
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.
This does not shock me even with the Piper call. The key will be how MU and the markets close after the Fed at 2pm today. If it runs out of momentum later it could be a top for now. I actually thought shares would fade intra-day Thursday or Friday since traders love to run a lot of stocks up close to earning's reports but like I said it's early and MU can fly at a moment's notice. Only down .35 not a crisis.
I have to disagree that they are not playing catch up yes supply/demand and pricing plays a role in MU's industry but this is what WS analysts do trip over each other to move their targets higher especially in this FED induced market just my opinion from watching many stocks and their rises and sometimes fall. I do believe MU will do well Monday but let's say the report disappoints and shares drop to the high $20's and stay there for some time after my issue with these analysts is that suddenly price targets drop by decent amounts yet days earlier everything was rosy and it happens all the time. This is a decent amount of upgrades in a short period of time especially close to the release so these guys must be pretty sure of themselves I would guess but what makes me wary (that's me by nature) is that MU's prior two reports were pretty good blowouts and with the shares recent run in a short amount of time this release may not be good enough if it's just a slight beat or in line. These are just my thoughts based on watching analysts in good and bad markets.
BMO an outperform. I guess below $35 is the bottom for now congratulations Mr. Smith you mortgaged the future of Tyson by overpaying and knocking almost $3 billion in cap off "for now".
I trade stocks like this and re-invest in quality dividend payers. If I held BBY at $44 in November till now guess where I would be? There are many news driven stock stories to trade that's what I look for is that OK with you? Mu was a chronic disappointer for years until last year and has taken a bigger leg up since the Elpida move. Subtle bash if you believe so but I am a skeptic by nature especially since I have seen so many classic WS pump and dumps. I don't think this is one for now and I do believe MU will do well Monday the question is will it be good enough now that the stock is up about 13-14% in about a week with six new upgrades. When I see at least 70% or maybe more bullish here that always makes me a bit nervous. Out of MU for now is to mean that I try to be out of stocks I trade days before earnings since there are huge moves in many stocks after reports and I will wait till the dust settles and trade the new range.
The rating stayed the same but it was actually $30 to $39. This is what I posted days ago that more would jump on when the share price actually went above their targets. I believed that Wednesday would be the cutoff for these guys or they would truly be sticking their necks out. The analyst Ruben Roy says margin expansion will drive multiple expansion. That is usually one of the last justifications to upgrade now it will be up to Monday's report to determine future upgrades or downgrades. I am guessing MU will do pretty good on Monday but I am always wary when these guys pile on like this I traded BBY a lot last year and saw this happen with that stock and then the stock got cut in half after a bad update. I'll be out for now until after the report.
This appears to be heading toward $33 at least then it may tread water before earnings. I don't know where you are reading or hearing about a pullback it would seem that 7 of 10 on this board believe this is going to $40 or $50, almost every article I have read lately is talking higher and Cramer and the Fast Money guys keep saying it goes higher. I don't know how it will do on Monday but I do get a bit nervous when the bulls far outweigh the bears. I would guess they will do pretty well but after shares rising about 13-14% in about a week I would guess they will have to beat like they have done the prior two quarters or you may see some profit-taking.
I don't know about that theory but shares do appear to be tired or running out of steam today. It could be possible that each day closer to earnings buyers get more cautious it does tend to happen to a lot of stocks before they report.