Load up on the June $31 calls. Over 25,000 calls purchased and that's no joke. Check it out on CNBC. Wow! It's going to pop big!!!
The actual EPS last quarter is $ 0.90. The diluted EPS on yahoo is $ 0.64. Therefore the diluted EPS is 0.71 times of actual earning. (0.64/0.90 = 0.71)
If current quarter actual EPS is $1.5 as expected, then the diluted EPS should be $1.07( Note: 1.5 x 0.71= 1.07). If the market is still willing to pay 46.31 trailing P/E as it does today, then MU stock price should be $ 49.30 per share after the earnings announcement next month.
Anyone have a good site to track daily short activity for MU?
Please, what is that coming important announcement I heard here about? -(Earnings Date? Earnings new guidance?). On the Co. site I find only Jun 5- Stifel Technology Conf., Jun 6- BofA Global Technology Conf., Jun 8, Baird Technology Conf. Thank you.
Today's MU total calls stood at 127,481, puts at 29,193. P/C ratio is 0.229, very bullish.
look at those numbers and consider the fact that it is trading @ 5.5 times forward earnings. at 10 times forward earnings, a discount to the market in consideration of the cyclical nature of a commodity, and it is a 53 dollar stock. these prices are absurd. and the earnings 12 month out will be higher than presently calculated.
GS may come out with an upgrade tomorrow : )
That sure was a great call by the Goldman analyst two weeks ago wasn't it? LOL
Highest weekly close since 2/15...
I see that the pump comments are being pumped out more now that the price has gone up a bit recently. Do the authors think they're influencing anyone? Or do they just have a few idle moments in between naps or homework? Funny stuff on one level, pathetic on another.
Two downgrades to a "hold", one downgrade to a "sell", all within a week and the stock is, for now, holding fairly well. I don't quite get it. It takes almost 10% on no news, then comes back and holds, for now, fairly well on downgrades. What is up? Any idea? Serious question. Thanks.
It#$%$ $30 next week! Got to love it.
Fast Money Najarian (SP) Just reported massive call buying in the June $31 calls on CNBC. $MU #Micron
Never saw any think like it to day. the shorts tried so hard to get the price down to save the options from expiring high. But at the end there were just so many buys. wow. If this continues it will be 50 soon.
Interesting analyst ratings of MU. I like how the firms listed have high rankings.
Ernie Maddock said that demand for nand will continue to slightly exceed supply till 2020, though of course with caveats - you can't tell in an individual quarter - but that is how it looks. By 2020 cost of SSDs will be such that desktops will be using them too, so demand is very elastic and liable to grow as they replace HDDs. Important thing is that the confidence (with caveats) is now pushed out to 2020 for NAND.
This week, we hosted 18 semiconductor/semiconductor capital equipment companies at our 45th annual Technology, Media and Telecommunications (TMT) Conference.
The general tone from this year’s conference was broadly constructive as the overall demand environment appears seasonal/healthy across geographies and end-markets, with disciplined inventory levels in the distribution channels and normal lead times. The automotive, industrial, and data center compute/networking end-markets continue to see strong growth, with automotive driven by increasing semiconductor content per car, industrial driven by factory automation, and data center networking continuing to grow on the 100G upgrade cycle and increasing requirements for more compute (and memory/storage) capabilities.
Additionally, we are beginning to see companies with data center businesses build on their existing product and intellectual-property (IP) portfolio to address the long-term opportunities in artificial intelligence (AI)/deep learning. Also, semiconductor equipment fundamentals remain constructive on 3D NAND (conversion/new capacity), DRAM (primarily conversion), and foundry investments (10 nanometer (nm)/7nm). Our equipment companies see strong growth in 2017 spending trends and continued spending strength into 2018. We would also note that demand for display equipment is also robust, led in part by both Gen 10.5 and OLED investments.
On memory, Micron Technology (ticker: MU) pointed to a continued strong demand environment (both DRAM and NAND), they don’t see demand destruction from the firm pricing environment, and agreed with our view that more and more of the consumption is going towards higher value-add segments of the market like hyperscale/cloud. We continue to remain positively biased on semiconductor and semiconductor equipment stocks.//. Reason for late bump
HP earnings report good for Micron, says Citi MU;HPQ - The Fly
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