35.65 +0.44 (1.25%)
Pre-Market: 7:20AM EST
|Bid||35.63 x 1200|
|Ask||35.66 x 800|
|Day's Range||35.10 - 36.26|
|52 Week Range||33.82 - 64.66|
|Beta (3Y Monthly)||1.28|
|PE Ratio (TTM)||3.06|
|Earnings Date||Dec 18, 2018|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||59.42|
Jim Cramer warns that the arrest of a top Huawei executive automatically makes U.S. technology companies with business in China less valuable.
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 artificial intelligence (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.
On December 6, Broadcom (AVGO) released upbeat results for the fourth quarter of fiscal 2018, which ended on November 4. Broadcom’s solid results pushed its stock up 5.17% in after-hours trading on the day driven by impressive results and strong guidance. The stock was up 0.58% to $228.56 on December 7.
Micron (MU) possesses the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
Investing.com - U.S. futures pointed to gains on Wall Street at the open on Tuesday amid reports that China and the U.S. are moving ahead with trade talks.
Shares of semiconductor company Micron Technology (MU) fell 6.3% to close trading at $35.31 on December 7. Micron stock has generated returns of -8.4% this month and -22% since the start of October. Driven by the recent pullback, Micron stock is now down 14% in 2018.
The last change in the short interest score occurred more than 1 month ago and implies that there has been little change in sentiment among investors who seek to profit from falling equity prices. Index (PMI) data, output in the Technology sector is rising.
On its face, the valuation of Micron Technology (NASDAQ:MU) seems absurd. As I detailed back in September, there’s a legitimate bear case for Micron stock. At the same time, however, I argued a month later that MU stock was set to bottom, as it had become simply too cheap even if the bears were right.
Samsung’s (SSNLF) prized screen technology was stolen and leaked to its rival in China, according to prosecutors in South Korea. The allegedly leaked Samsung technology covers flexible OLED screens and can be used in making foldable smartphones. Samsung last month showed off a foldable smartphone that could arrive on the market as soon as early next year.
After slashing his Micron Technology stock-price target by 40% in October, Susquehanna analyst Mehdi Hosseini has cut his forecast for the chip shares again.
Chinese officials summoned the U.S. ambassador to Beijing on Sunday to protest the arrest of chief financial officer of Chinese electronics giant Huawei, Meng Wanzhou in Canada. U.S. officials are investigating her role in the companies operations in Iran.
Qualcomm Inc on Monday said it had won a preliminary order from a Chinese court banning the importation and sale of several Apple Inc iPhone models in China that the court found violated two of Qualcomm patents. The preliminary order affects the iPhone 6S through the iPhone X. The ruling came from the Fuzhou Intermediate People’s Court in China, the same court that earlier this year banned the import of some of memory chip maker Micron Technology Inc's chips into China. Qualcomm initially filed the case in China in late 2017.
Hedge funds and other investment firms that we track manage billions of dollars of their wealthy clients’ money, and needless to say, they are painstakingly thorough when analyzing where to invest this money, as their own wealth depends on it. Regardless of the various methods used by elite investors like David Tepper and Dan Loeb, […]
Worries about U.S.-Chinese trade relations and the state of the semiconductor business have taken the shares down sharply since March. Just maintaining its current multiple could push the stock up 30% next year.
Data is big business and Micron Technology has been a leader in memory and storage solutions. But, how well do you know the story behind Micron? Watch TheStreet's video series Behind the Label to learn ...
Investing.com – U.S. futures pointed to a lower opening bell on Friday despite reports that the Federal Reserve could pause its interest rate hikes.The S&P 500 futures fell 13 points or 0.51% to 2,677.38 as of 6:45 AM ET (11:45 GMT) while Dow futures lost 115 points, or 0.46%, to 24.792. Meanwhile tech heavy Nasdaq 100 futures decreased 41 points, or 0.60%, to 6,783.5.The Wall Street Journal reported on Thursday that the Fed is likely to consider a wait-and-see approach after hiking rate increases at its next meeting in December and does not know when its next rate hike will be. ...
Following Monday’s technical reaction in Micron (NASDAQ:MU) there is additional bullish ammunition in the battle for higher prices in MU stock and reasons for investors to go long shares today. The limited truce could turn into a potentially very large support for technology companies like MU stock, which are so reliant on diplomatic business relations between the U.S. and China. MU stock gained 3.81% on the session and more than double the 1.75% the tech-heavy Invesco Trust NASDAQ 100 (NYSEARCA:QQQ).
Snap (NYSE:SNAP) is never a stock I’ve liked very much on the long side. Snap has solid revenue growth, but also bleeds too much money. Snap is down more than 50% so far in 2018 and at some point, it will likely bottom.
The outlook offered from HPE coincides with forecasts from economists and equity strategists. "Companies are spending on technology to gain market share and increase efficiencies, helping to improve profitability," Wilmington Trust Senior Investment Strategist Meghan Shue wrote in her 2019 economic outlook. With companies like Micron and HPE helping underpin the industry, such an extension would be ideal as concerns over supply and demand issues could be assuaged.