|Bid||48.2300 x 800|
|Ask||48.2400 x 1000|
|Day's Range||47.6301 - 48.3095|
|52 Week Range||29.2800 - 64.6600|
|PE Ratio (TTM)||4.79|
|Earnings Date||Sep 24, 2018 - Sep 28, 2018|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||83.60|
Applied Materials (AMAT) is witnessing the impact of the AI and big data era with strong growth in the cloud market. During its fiscal second-quarter earnings call, AMAT’s CEO, Gary Dickerson, stated that CSPs (cloud service providers) have significantly increased their capital investments. The top seven CSPs increased their capital spending by 40.0% YoY (year-over-year) in 2017 compared to 30.0% YoY in 2016.
U.S. stock futures are trading lower this morning. Wall Street is unable to shake the specter of Turkey’s economic woes for the second session. Corporate earnings and a flood of U.S. economic data also have investors worried heading into the open.
While semiconductor stock AMD AMD soars this year, jumping 50 percent in just three months, its peer Micron is badly underperforming. Micron MU shares are down around 12 percent in that period, placing the stock on track for its first negative quarter in more than two years. Amid this divergence, some market participants are betting on even further downside for Micron, and for the chips more broadly.
NEW YORK, NY / ACCESSWIRE / August 15, 2018 / U.S. equities snapped losses on Tuesday, as panic over Turkey’s currency eased and market participants focused on upbeat corporate earnings and strong economic ...
U.S. companies with significant exposure to crisis overseas have posted a weak financial quarter relative to the broader market, according to one team of analysts on the Street. Less than half of the companies in Goldman Sachs' emerging-market stock basket, which includes firms with sales in Brazil, Russia, India and China (or BRIC), posted positive earnings surprises in the most recent three-month period. "Fully 23 percent of the stocks in the basket missed consensus sales estimates by more than one standard deviation, nearly double the percent of negative surprises in the S&P 500," wrote Goldman's chief equity strategist, David Kostin.
NEW YORK, Aug. 14, 2018-- In new independent research reports released early this morning, Fundamental Markets released its latest key findings for all current investors, traders, and shareholders of Navistar ...
Greenlight Capital, run by billionaire David Einhorn, is slashing its holding in soaring tech stocks Apple Inc. ( AAPL), Micron Technology Inc. ( MU), and Twitter Inc. ( TWTR), according to a regulatory filing with the Securities and Exchange Commission (SEC). Greenlight cut its stake in Apple by 77%, or 486,000 shares, according to an SEC 13-F filing. It reduced its Micron holdings by 92%, or 3.1 million shares, and its Twitter holdings by 36%, or 901,400 shares.
Worth a closer look today are stock charts of Micron Technology (NASDAQ:MU), Tapestry (NYSE:TPR) and PPL (NYSE:PPL). Micron Technology was all the rage in 2017, and even into early 2018. The weekly chart of MU illustrates just how much ground was gained since late 2016, pointing to how much ground could be given back if the last of the key technical support lines buckles.
U.S. stock index futures inched higher on Tuesday as global markets bounced back from concerns of weakness in Turkish currency, with gains in technology stocks lifting sentiment. Shares of the big six U.S. lenders were trading between flat and up 0.6 percent in early premarket trading on Tuesday. S&P 500 e-minis were up 10.25 points, or 0.36 percent and Nasdaq 100 e-minis were up 34.75 points, or 0.47 percent.
Facebook (FB) faces multiple headwinds that make it an unsuitable investment pick. In its place, five technology stocks with significant prospects draw attention.
Geopolitical concerns have once again hit the stock markets with the collapse of Turkish lira. The currency nosedived as much as 11% against the dollar in early trading today, after plummeting more than 20% on Friday. President Tayyip Erdogan’s influence over monetary policy and a worsening U.S. relationship have ignited worries over the contagion spreading across the global market.Source: Shutterstock
By all accounts, the shares of Micron Technology (NASDAQ:MU) should be trading somewhere around $84. That’s the consensus price target which analysts have come up with. Given that MU stock is only trading at a forward price-earnings ratio of 4.4, the argument that the shares could be worth three times their current value of $51.37 holds water.
The Zacks Analyst Blog Highlights: Nvidia, Intel, Micron, Advanced Micro Devices and Hewlett Packard
Western Digital (WDC) intends to distribute $5.0 billion to its shareholders by repurchasing some of its shares. With the new repurchase program, Western Digital joins a growing list of technology companies that have lined up generous repurchase packages for their shareholders. Qualcomm (QCOM) is preparing to buy back up to $10.0 billion of its shares this month.
BOISE, Idaho, Aug. 09, 2018-- Micron Technology, Inc. Chief Financial Officer Dave Zinsner will present on Thursday, September 6, at the Citi 2018 Global Technology Conference in New York.. A live webcast ...
Chip stocks have been among the market’s biggest winners over the past several years. Huge demand tailwinds from the data center, cloud computing, connected device and AI markets have converged on a limited-supply base, creating a “high demand, low supply” dynamic in the chip market wherein chip prices are soaring. Such improvements have driven huge gains in chip stocks. Chip supply won’t remain subdued forever — it is already ramping to meet demand, and there are some reports out there that chip prices may have already peaked.
For years now, investments in big tech companies have paid off better than those in big banks. Jamie Dimon, CEO of JPMorgan Chase (NYSE:JPM), thinks this is about to change and bank stocks should heat up. The best bank stocks have been doing fine through the recovery, but only in the last two years as interest rates have begun rising have the gains at Morgan or Bank of America (NYSE:BAC) been beating the NASDAQ average.
Now that the SEC has postponed its decision on the bitcoin ETF and prices are dipping, digital currency traders are once again jittery.