39.81 +0.20 (0.50%)
Pre-Market: 6:19AM EDT
|Bid||39.75 x 1200|
|Ask||39.87 x 3000|
|Day's Range||39.15 - 40.41|
|52 Week Range||28.39 - 64.66|
|Beta (3Y Monthly)||1.26|
|PE Ratio (TTM)||3.26|
|Earnings Date||Mar 20, 2019|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||46.61|
Micron Technology (MU) stock has outperformed the semiconductor market's impressive 2019 comeback. Despite this climb, shares of Micron rest far below their 52-week high. So, is now the time to buy Micron stock with the company scheduled to report its second-quarter fiscal 2019 financial results after the closing bell Wednesday?
President Trump Brags about US GDP Growth: Is It for Real?Trump’s tweets about the US GDP President Donald Trump never tires of discussing his successes and achievements on Twitter. On March 18, he was at it again with a tweet saying, “GDP growth
Economic Slowdown Deepens, Central Banks Take ChargeCentral banksThe 2019 economic growth outlook was always a sore point for markets. The broader market (SPY) sell-off that we witnessed in the fourth quarter could be partially due to the
BOSTON, March 18, 2019 -- Block & Leviton LLP (www.blockesq.com), a securities litigation firm representing investors nationwide, reminds investors of the important.
News Highlights The Micron 2200 PCIe NVMe SSD portfolio allows OEMs to design sleeker, more power-efficient, and faster client PCs.The portfolio of SSDs is available in.
Micron Technology Inc. faces a much-lowered bar when it comes to quarterly results in the coming week, but investors will be keen on any signs of a turnaround in the memory chip market later in the year.
NEW YORK, NY / ACCESSWIRE / March 17, 2019 / The Klein Law Firm announces that class action complaints have been filed on behalf of shareholders of the following companies. If you suffered a loss you have ...
Now obviously this is a growth company in a growth industry, but $72 a share seems a bit excessive considering the plethora of competitors, and lack of profits. Indeed, the upcoming earnings release will need to prove that Tilray can create revenue growth big enough to convince the markets that its earnings could someday justify this very expensive stock. This quarter is a heavy test for Tilray because of the stock pricing.
ClaimsFiler, a FREE shareholder information service, reminds investors that they have until March 25, 2019 to file lead plaintiff applications in a securities class action lawsuit against Micron Technology, Inc. (MU), if they purchased the Company’s shares between the expanded period of September 26, 2017 and November 19, 2018, inclusive (the “Class Period”). This action is pending in the United States District Court for the Southern District of New York. Micron investors should visit us at https://www.claimsfiler.com/cases/view-micron-technology-inc-securities-litigation-1 or call toll-free (844) 367-9658. Lawyers at Kahn Swick & Foti, LLC are available to discuss your legal options.
The Schall Law Firm, a national shareholder rights litigation firm, announces the filing of a class action lawsuit against Micron Technology, Inc. (“Micron” or “the Company”) (NASDAQ: MU) for violations of §§10(b) and 20(a) of the Securities Exchange Act of 1934 and Rule 10b-5 promulgated thereunder by the U.S. Securities and Exchange Commission. You can also reach us through the firm's website at www.schallfirm.com, or by email at firstname.lastname@example.org.
When investing, it is important not to be fooled by low valuations. That is to say, just because a stock has a cheap valuation relative to the market or its peers, that doesn't mean that the stock is a good buy. Instead, a cheap valuation is often reflective of weak fundamentals. If the fundamentals stay weak forever, then the stock can likewise stay weak forever, too.As such, blindly buying all single-digit P/E stocks is not a good investment strategy. Most stocks with low valuations simply aren't worth the risk.Having said that, there are a handful of low P/E stocks that are worth the risk. These are the class of cheaply valued stocks that have an opportunity meaningful improve operations over the next several quarters or years, and as such, will rise sharply as favorable fundamentals converge on a discounted valuation.InvestorPlace - Stock Market News, Stock Advice & Trading Tips * 7 Small-Cap Stocks That Make the Grade Which stocks belong in this category? Not many. But, here's a list of seven such single-digit P/E stocks that have visibility for big upside potential in the foreseeable future. LGI Homes (LGIH)Source: Shutterstock Forward P/E Multiple: 8.4First on this list is LGI Homes (NYSE:LGIH), a really beaten-up housing stock that should rise sharply in 2019 as fundamentals stabilize and improve within the U.S. housing market.LGIH stock dropped sharply in 2018 on signs that the housing market was slowing. The Fed was tightening, so mortgage rates were rising. The economy was slowing, so housing starts were dropping. Inventory was big relative to demand. Home prices were starting to flatten out.All those headwinds are reversing course in 2019. The Fed isn't tightening anymore. Mortgage rates are falling, while wage growth is at a decade-high, unemployment levels are at record lows, and home ownership rates are way off their highs. The economy is stabilizing, and housing starts are jumping back. Inventory is falling. Demand is coming back. Home prices are showing signs of rising again.If these housing market improvements persist throughout 2019, then LGIH stock should rally in a big way as those fundamental improvements converge on an anemic 8.4 forward multiple. AT&T (T)Source: Shutterstock Forward P/E Multiple: 8.5Next up: AT&T (NYSE:T). The telecom giant has been hammered on debt concerns in today's slowing economy and rising rate environment.Long story short, AT&T acquired Time Warner in 2018, and in doing so, amassed the world's biggest debt load ever seen. Shortly thereafter, rates started moving sharply higher, and economic growth started materially slowing. That combination put significant pressure on AT&T's huge new debt load, and weighed on AT&T stock.Those headwinds are turning around. Rates aren't moving higher anymore. They are actually moving lower. Economic growth is slowing. But, recession fears were overblown, and now the consensus seems to be stable and slower going forward. As such, all that pressure on AT&T's balance sheet should ease in 2019. As it does, T stock should rise. * 7 Best Quantum Computing Stocks Trading Today It also helps that AT&T will get big help from the roll-out of 5G coverage in 2019, while streaming operations should get a nice boost from Time Warner's content assets. That double tailwind, plus favorable macroeconomic trends and a 8.5 forward multiple, should lead to gains for T stock in 2019. Micron (MU)Source: Shutterstock Forward P/E Multiple: 5.3One of the more hated stocks on Wall Street right now is chipmaker Micron (NASDAQ:MU). For the past several months, the stock has traded at a single-digit forward multiple. Yet, during that stretch, MU stock has broadly gone lower, not higher.Why? The valuation is already pricing in peak earnings. In a nutshell, Micron goes as the memory market goes, and the memory market goes based on on supply-demand fundamentals. Those supply-demand fundamentals are notoriously cyclical. Eras of high supply and low demand, are followed by eras of low supply and high demand, and vice versa.Right now, we are going from an era of low supply and high demand (good for Micron), to an era of higher supply and lower demand (bad for Micron). During those transitions, profits drop. But, the magnitude of the drop is an unknown. Investors don't like unknowns. So, they sell MU stock, and prepare for the worst.The worst may not happen this time around. Demand drivers in the memory market are very robust, thanks to things like the cloud, IoT, data, and AI, and should provide cushion for earnings erosion during this down-cycle. If that does happen, and earnings don't fall by that much, then MU stock could soar from today's 5.3 forward earnings base. Ford (F)Source: Shutterstock Forward P/E Multiple: 7.2The big bear thesis in Ford (NYSE:F) stock - which has dragged the stock from $16 to $8 over the past 5 years - has merit. Namely, car ownership rates are dropping in the sharing economy, and project to fall further as the sharing economy grows in popularity. Also, Ford is losing market share to new EV players, like Tesla (NASDAQ:TSLA), and this dynamic should continue for the foreseeable future, too.But, this bear thesis is already fully priced into Ford stock. In the big picture, Ford will be just fine. Sure, the auto market is shrinking and Ford is taking home less share. But, the auto market isn't disappearing, nor will it ever disappear, and Ford will forever remain an important player in that market. As such, sales and profits should remain stable going forward, with potential gains from an EV pivot. * 5 Stocks That Hedge Funds Love At just 7.2-times forward earnings, Ford stock isn't priced for stability, let alone any upside. But, in the long run, investors will get stability, and potentially even some upside. As such, Ford stock could rally big from here in a multi-year window. Signet Jewelers (SIG)Source: Shutterstock Forward P/E Multiple: 8.4Haven't you heard? Millennials are pushing back big life events, like marriage, and consequently, just aren't buying wedding rings. That's largely why Signet Jewelers (NYSE:SIG) has struggled dramatically over the past several years.But, there's more at play here. Young consumers aren't just pushing back big life events. They are valuing experiences over products, and choosing to spend their paycheck on travel, not jewelry. Why? Because an exotic beach is much more "Instagrammable" than a new necklace or ring.This trend isn't reversing course soon. But, consumer demand for jewelry has been alive and well for 2,000-plus years. It isn't going away anytime soon because of Instagram. Regardless of how the IG trend plays out, the jewelry industry will be just fine, supported by healthy and secular demand drivers that are far more enduring than pretty much any other trend out there.Because of this, it's only a matter of time before Signet's numbers stabilize. Once they do, SIG stock -- which trades at just 8.4 forward earnings versus a five-year average forward multiple of 14 -- will roar higher. Macy's (M)Source: Mike Mozart via FlickrForward P/E Multiple: 7.7By now, everyone knows the retail apocalypse isn't happening. E-commerce and brick-and-mortar commerce need to exist together, because there is demand and need for both. As the market has realized this over the past year-plus, traditional retail stocks have bounced off their retail apocalypse lows.Macy's (NYSE:M), though, has had a tough time holding onto those gains. The numbers at Macy's have been disappointingly weak, especially relative to department store peers on a comparable sales and margin basis. As such, investors have been unwilling to buy into the Macy's rebound story, and Macy's stock has dropped over the past few quarters.This is all just near term noise. In the big picture, Macy's has created a sustainable niche for itself in the apparel retail world as the happy medium between quality and price. It isn't Walmart (NYSE:WMT), where quality is questionable and prices are great. Nor is it Nordstrom (NYSE:JWN), where quality is great and prices sometimes required a double check. Instead, it's right in the middle of the two, with passable quality at reasonable prices. * 3 Best Restaurant Stocks Morgan Stanley Says to Take a Bite Of That niche has long term staying power since a majority of consumers find themselves in that middle-income band (52% of Americans live in the middle class). To be sure, that doesn't mean the numbers will ever be great again. There's a little company called Amazon (NASDAQ:AMZN) that is also fighting for that middle class. But, the numbers will stabilize, and stability is enough to create a big rally in Macy's stock from today's 7.7-times forward earnings base. International Business Machines (IBM)Source: Shutterstock Forward P/E Multiple: 9.9International Business Machines (NYSE:IBM) has had a tough run over the past several years as new and upcoming tech companies have passed up Old Big Blue in critical growth markets, like cloud and AI. As this has happened, IBM's growth rates have fallen flat. Margins, too. And IBM stock has crashed.But, not all hope is lost. IBM's cloud business is turning the corner, and its business will continue to turn the corner in 2019 as the company integrates high-growth Red Hat hybrid cloud operations into its ecosystem. As this happens, IBM's growth rates will improve. Margins will improve, too. Analysts will upgrade the stock. Investors will get excited.All of those positive catalysts will attract more buyers to the stock. How many more buyers? Quite a few. At under 10-forward earnings, IBM stock is by far the cheapest way to play the cloud revolution. Thus, so long as IBM gets its act together on the cloud front, this stock has plenty of runway ahead through multiple expansion.As of this writing, Luke Lango was long LGIH, T, TSLA, SIG, M and AMZN. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 7 Dividend Stocks to Buy Today * 7 ETFs to Buy to Ride the Longevity Economy * 7 Winning High-Yield Dividend Stocks With Payouts Over 5% Compare Brokers The post 7 Single-Digit P/E Stocks With Massive Upside appeared first on InvestorPlace.
Faruqi & Faruqi, LLP, a leading national securities law firm, reminds investors in Micron Technology, Inc. (“Micron” or the “Company”) (MU) of the March 25, 2019 deadline to seek the role of lead plaintiff in a federal securities class action that has been filed against the Company. If you invested in Micron stock or options between June 22, 2018 through November 19, 2018 and would like to discuss your legal rights, click here: www.faruqilaw.com/MU.
Could China’s Foreign Investment Law Appease Trump?Endorses foreign investment lawChina’s National People’s Congress ended today. As reported by CNBC, the committee endorsed a law that addresses concerns of foreign companies doing business in
Editor's note: InvestorPlace's Earnings Reports to Watch is updated weekly. Please check back next week for our latest earnings picks.In this space, I've worried about what might happen to the broad market when the earnings calendar lightened. Strong earnings reports helped the market during earnings season. My concern was what might happen when the focus returned to external factors like trade wars and the macroeconomic cycle.On that front, however, it has been so far, so good. The S&P 500 sits just off YTD highs. The index has recovered all of the losses from the sharp December sell-off, though it still sits below early October (and all-time) highs.InvestorPlace - Stock Market News, Stock Advice & Trading TipsWith the next earnings season still about five weeks away, it will be interesting to see if bullishness holds until then. * 15 Stocks That May Be Hurt by This Year's Big IPOs The earnings coming next week, while not likely to move the entire market, could help on that front. Earnings reports from leaders in three key sectors will show the health of those industries. As important as those industries are to the economy as a whole -- and the market as a whole -- the earnings calendar next week could matter more than it appear at first glance. General Mills (GIS)Source: Shutterstock Earnings Report Date: Wednesday, March 20, before market openGeneral Mills (NYSE:GIS) looks awfully dicey ahead of its fiscal-third-quarter earnings report on Wednesday morning. It was a year ago that GIS stock plunged after disappointing guidance. By December, GIS was trading at a six-year low.And yet the stock has rallied sharply since. General Mills stock has risen nearly 30% off those lows. And while GIS looks cheap, the risks seem obvious. Branded CPG players have struggled badly of late: Kraft Heinz (NASDAQ:KHC) and Campbell Soup (NYSE:CPB) are just two of the stocks that have dropped sharply after disappointing earnings reports.General Mills is going to need strong earnings next week to avoid a similar fate, particularly after the recent rebound in its share price. That seems likely to require strength in the Blue Buffalo business acquired last year. Strength there could drive investor confidence that General Mills can be successful pivoting away from weaker categories like cereal and yogurt. Any stumble, however, and GIS will have a long way to fall. Micron (MU)Source: Shutterstock Earnings Report Date: Wednesday, March 20, after market closeFor chipmaker Micron Technology (NASDAQ:MU), fiscal-second-quarter earnings may not lead to the fireworks investors might be expecting. MU stock fell sharply in the second half of 2018, as did many semiconductor stocks. Even with 24% gains so far this year, however, investors remain skeptical: Micron still trades at barely over 6x forward earnings.The concern here is that Micron earnings are declining -- and will continue to decline going forward. Analysts are projecting a sharp drop in EPS: $1.70 this quarter against $2.82 the year before. At the moment, that trend is expected to continue into fiscal 2020 as well.It seems unlikely that Micron can reverse the narrative with a single earnings report. But earnings next week could at least convince investors that the worst is over - and that the company is reacting well to industry changes. * 7 Winning High-Yield Dividend Stocks With Payouts Over 5% Meanwhile, management commentary on demand, supply, and pricing will be closely watched across the sector. Stocks like Western Digital (NASDAQ:WDC) and Seagate Technology (NASDAQ:STX) could move on Micron earnings next week. And a truly strong quarter from Micron could add to the growing sense that the bottom is in for chip stocks. Nike (NKE)Source: Shutterstock Earnings Report Date: Thursday, March 21, after market closeNike (NYSE:NKE) heads into earnings next week in a very different manner. NKE trades just off an all-time high. The question for Nike is whether it can keep the momentum going, after a string of impressive earnings reports.There are questions for the rest of the market as well. The first is whether investors can push the stock any higher. NKE isn't cheap, at almost 28x forward earnings. And it will be interesting to see whether the market puts a ceiling on even such an attractive business. If it does, that could signal an increasing focus on valuation over growth.The second is just how strong Nike sales are in North America, in particular. Ahead of a series of consumer earnings reports next month, Nike earnings could signal the willingness of consumers to spend up. Nike's sneakers -- especially those on the higher end -- are hardly discretionary. Any weakness in Nike sales could signal that consumer spending might be headed for a tightening.To be sure, Nike earnings next week aren't likely to move the market. But they could give investors a hint a few weeks before the earnings reports arrive that can.As of this writing, Vince Martin has no positions in any securities mentioned. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 7 Dividend Stocks to Buy Today * 7 ETFs to Buy to Ride the Longevity Economy * 7 Winning High-Yield Dividend Stocks With Payouts Over 5% Compare Brokers The post 3 Earnings Reports to Watch Next Week appeared first on InvestorPlace.
A Global Slowdown Seems Definite but Markets Have Other WorriesGlobal slowdownToday, the Bank of Japan maintained its monetary policy but sounded less optimistic on the economy, stating that “exports and output have been affected by slowing
These emerging tech trends have created new consumer demand, and the semiconductor makers are delivering. So, let's check out three Zacks buy-ranked semiconductor stocks that investors might want to consider right now.
NEW YORK, NY / ACCESSWIRE / March 15, 2019 / Levi & Korsinsky, LLP announces that class action lawsuits have commenced on behalf of shareholders of the following publicly-traded companies. Shareholders ...
The most you can lose on any stock (assuming you don't use leverage) is 100% of your money. But when you pick a company that is really flourishing, you canRead More...