|Bid||51.23 x 4000|
|Ask||51.23 x 1100|
|Day's Range||50.70 - 52.32|
|52 Week Range||28.39 - 52.32|
|Beta (5Y Monthly)||N/A|
|PE Ratio (TTM)||9.29|
|Earnings Date||Dec 18, 2019|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||54.93|
Micron's (MU) first-quarter fiscal 2020 earnings are likely to have been hurt by low DRAM revenues amid the U.S.-China trade tussle. However, strong DRAM bit demand is likely to have been a breather.
As the United States and China finally seem to have paused the 17-month long trade war, American chipmakers with high exposure to China are poised to grow. Here are the top five picks.
A tentative agreement between the U.S. and China, as well as a predictable Fed has investors feeling good as they bid up stocks. Let's look at a few top stock trades for Friday. Top Stock Trades for Tomorrow No. 1: Broadcom (AVGO)Source: Chart courtesy of StockCharts.comWe were looking for a breakout in Broadcom (NASDAQ:AVGO) stock, but doing so in the same session ahead of earnings is risky. Shares rocketed through its prior highs and resistance, ripping to a high of around $330. Now what? Should shares pull back after reporting earnings, I would love to see prior resistance hold as support near $320. Should it fail, bulls will still be okay as long as AVGO can find support above $314. InvestorPlace - Stock Market News, Stock Advice & Trading TipsThere it has the rising 20-day moving average, as well as prior April and May resistance near $315. Below this area could bring up a test of the $300 level. * The 10 Worst Dividend Stocks of the Decade On the upside, it's hard to say where AVGO could rally to on a bullish earnings reaction -- the analysts certainly are bullish. Currently, there is a Fibonacci extension up at $349.65 based on the prior 52-week range. But most importantly, see that AVGO holds the breakout level or prior support at this point. Top Stock Trades for Tomorrow No. 2: Micron (MU)Source: Chart courtesy of StockCharts.com Micron (NASDAQ:MU) shares made a beautiful breakout on Wednesday and followed it with even more upside on Thursday. Investors will now want to see if shares can clear the $51 level and continue higher. Remember, Micron was trading north of $60 per share in 2018 and if it can regain momentum, a push higher certainly isn't out of the question. On a pullback, $48 and the prior downtrend (blue line) will need to hold as support. Top Stock Trades for Tomorrow No. 3: Advanced Micro Devices (AMD)Source: Chart courtesy of StockCharts.comTalk about a loaded top three picks, huh? Chips have been on fire, so it should come as little surprise that Advanced Micro Devices (NASDAQ:AMD) is working on the long side again. After hitting $41.79 last month, shares of AMD have cooled. However, the 20-day moving average continued to buoy the stock and on Thursday, shares broke out over downtrend resistance (blue line). Now, let's see if the stock can breakout over its prior highs. The stock failed at $41.75 in back-to-back sessions in November. A move over this mark could trigger a rally into the mid-$40s and possibly higher. On a pullback, see that the 20-day moving average continues to hold as support. Top Stock Trades for Tomorrow No. 4: Activision Blizzard (ATVI)Source: Chart courtesy of StockCharts.com It doesn't get much simpler for Activision Blizzard (NASDAQ:ATVI). With Thursday's move over $57, the stock is officially breaking out. I would consider the $56 to $57 area as the must-hold mark, but some bulls may be more specific and require ATVI stock to stay over the September high of $57.52. Either way, shares are breaking out and as long as prior resistance holds as support on a pullback, the bulls are okay on the long side. With the move now, bulls will look to fill the stock's November 2018 gap down. To do so completely will require a rally to $62.35. Top Stock Trades for Tomorrow No. 5: Ciena (CIEN)Source: Chart courtesy of StockCharts.comCiena (NYSE:CIEN) shares are rocketing higher, up almost 20% after reporting earnings. The move thrust shares over all of its major moving averages, as well as downtrend resistance (blue line). The rally also sent CIEN stock up through the $40 to $41 area, which has been significant over the past year. Now, see that it stays above this zone. In the middle of it -- at $40.66 -- is the 61.8% retracement. Below that and the 200-day moving average will be on the table. On the upside, see if Ciena stock can rally to the 78.6% retracement. Above puts range resistance near $45 to $46 in the cards. Bret Kenwell is the manager and author of Future Blue Chips and is on Twitter @BretKenwell. As of this writing, Bret Kenwell is long AVGO. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * The 10 Worst Dividend Stocks of the Decade * 7 Game-Changing Tech Stocks to Buy Now * 5 Chinese Stocks to Buy for the Big 2020 Rebound The post 5 Top Stock Trades for Friday: AVGO, MU, AMD appeared first on InvestorPlace.
Computer chipmaker Nvidia (NASDAQ:NVDA) has handsomely rewarded investors who bought the company's stock after last fall's calamitous drop.Source: JHVEPhoto / Shutterstock.com Since bottoming out last December, Nvidia stock is up more than 70%. The question is, trading at around $220 now, does NVDA still have significant upside? Or are investors looking to get in on a high growth technology stock better off looking elsewhere? Two Growth Spurts in 12 Months for Nvidia StockAs mentioned, NVDA has posted more than 70% growth since late last December. For 2019, it's almost as impressive at 66% growth so far. However, those big numbers don't tell the full story.InvestorPlace - Stock Market News, Stock Advice & Trading TipsLooking at the performance of Nvidia stock over the past 12 months, there are two distinct periods where the stock suffered a rapid drop; then rallied. Factors outside of Nvidia's control triggered both of those events. * The 10 Worst Dividend Stocks of the Decade And while the biggest isn't likely to repeat any time soon, the second -- which took place this spring -- is not only still in play, it could have an even larger impact in the future. The Crypto BustThe sudden collapse of the cryptocurrency market last fall rocked Nvidia stock. The company had been churning out graphics cards as fast as it could make them. They were trying to feed the insatiable demand of cryptocurrency miners, who used the cards in their high-powered rigs.When the bottom fell out of that market, the miners' demand for graphics cards collapsed. Nvidia and its rival Advanced Micro Devices (NASDAQ:AMD) still had their core business, but the crypto "mad money" disappeared almost instantly.Nvida stock dropped like a rock as a result. After sitting at around $281 in late September 2018, it hit $129.57 on Dec. 21.That precipitous drop set the stage for a rally that has lasted for the past year. However, that recovery was interrupted in the spring -- once again by outside forces. The Trade War Between the U.S. and ChinaLike many American tech companies, Nvidia has been affected by the trade war between the U.S. and China.During the spring, tensions rose. The U.S. raised tariffs on $200 billion worth of Chinese goods, imposed a new round of tariffs and China retaliated by threatening to cancel trade talks. With concerns that the escalating trade war would hit NVDA hard, Nvidia stock dropped nearly 25% during the month of May. Are There Other Tech Stocks with Better Growth Prospects?Analysts like Nvidia stock. Among those polled by CNN Business, NVDA is a consensus "buy" and their median 12-month price target for the stock is $240 -- representing a healthy 9% increase from the current price.Healthy, but not not poised for the kind of growth NVDA stock has posted over the past 12 months. If NVDA is expected to have relatively modest upside for the next 12 months, are there other tech stocks that might be on track for bigger gains? Checking with CNN Business, its investment analysts see around 24% upside for e-commerce giant Amazon (NASDAQ:AMZN) over the next 12 months, an upside of 15% for chipmaker Micron (NASDAQ:MU), over 19% upside for Facebook (NASDAQ:FB) and 27% in 12-month upside for Snap (NYSE:SNAP).Nvidia may be a consensus buy, but you definitely have alternatives if you're looking for tech stocks with better odds of big gains over the next year. Bottom Line for Nvidia StockNVDA is a relatively safe bet, with analysts looking for single-digit upside over the next 12 months. It's in a dogfight with rival AMD over PC graphic card sales, but the company's long-term dominance of that core business isn't in any immediate danger. The crypto market has yet to recover and begin buying graphics cards again, so that variable is out of the mix. Therefore, there will not be a repeat of last year's crash.The trade war with China remains a risk for NVDA, but unless things spiral completely out of control, Nvidia stock has shown it can quickly bounce back from the frequent sparring between the two countries.It may not offer the prospect of the spectacular growth shown over the past 12 months, but for the next 12 months, NVDA looks to be a solid and safe investment.As of this writing, Brad Moon did not hold a position in any of the aforementioned securities. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * The 10 Worst Dividend Stocks of the Decade * 7 Game-Changing Tech Stocks to Buy Now * 5 Chinese Stocks to Buy for the Big 2020 Rebound The post Nvidia Stock: Good Buy Despite Modest 2020 Upside? appeared first on InvestorPlace.
We found three semiconductor stocks with the help of our Zacks Stock Screener that investors might want to consider buying for 2020...
The main U.S. stock indexes were steady, but semiconductor stocks rose in response to a report saying sales of chip-making equipment will rise next year.
Micron (MU) doesn't possess 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 – Chipmaker Micron (NASDAQ:MU) rose on Wednesday, shrugging off concerns from Wells Fargo (NYSE:WFC) analysts that memory pricing headwinds would hurt growth.
The Dow Jones Industrial Average was near their break-even points after initially gaining on a report that the U.S. and China are planning to delay implementing tariffs that are scheduled to go into effect on Sunday.
Since early 2018, Micron Technology (NASDAQ:MU), one of the most important chip makers, and MU stock have been poster children for the controversial relationship between the U.S. and China.Source: Piotr Swat / Shutterstock.com But in 2019, MU stock is up 47%. Similarly, the iShares PHLX Semiconductor ETF (NASDAQ:SOXX) is up about 46%. Although I believe in the long-term fundamental strength of Micron stock, I am expecting December to be a volatile month for MU stock as the trade war either intensifies or wanes. Considering how far the shares have gone in 2019, many investors may find it premature to bet Micron shares will go higher soon. Instead, they may wait to hit the "buy" button until the company's next earnings report, expected to be released in mid-December. What to Expect From MU's Next Earnings ResultsOn Sept. 26, Micron reported its fiscal Q4 results. The company's revenue and earnings per share both came in slightly above analysts' average estimates.InvestorPlace - Stock Market News, Stock Advice & Trading TipsBut the company's revenue tumbled 42% year-over-year and its net income plunged 87% YoY.Following the earnings report, MU stock initially stumbled. However, since then it has fully recovered. In other words, Micron stock tends to be highly volatile after it reports its results. * 7 Energy Stocks That Are Still Worth Buying In 2020 When MU releases its Q1 results soon, analysts will scrutinize the sales of the two main types of computer memory produced by the company: DRAM and NAND.DRAM is used to retain the data needed by computer processors to function. Micron is the world's third largest maker of DRAM chips.NAND flash memory is used for data storage. Globally, Micron is the fourth largest maker of NAND chips.The DRAM market is bigger than the NAND market, and MU faces less competition in the latter market. DRAM is also more profitable for MU than NAND. Micron's Strong Products Will Likely Propel MU Stock HigherAccording to recent research by Rachel Rice at the University of Nebraska at Omaha, "Micron has continuously been on the cutting edge of development. [But] the biggest problem in the industry currently is the level of competitiveness… and the nature of the product[s] lead to price competition."Given those dynamics, Wall Street closely follows DRAM and NAND prices as well as their demand and supply levels.When DRAM prices increase, Micron raises its DRAM output to exploit the high prices. Higher supply eventually leads to falling prices and declining revenues.In 2019, there have been signs that the downturn of the memory chip market is beginning to ease. These signs have contributed to the rally of MU stock.During MU's Q4 conference call, its management said that in fiscal 2020, MU would be spending less on DRAM and NAND supply increases. As customers' inventories go down, prices should also stay stable. Thus in a few quarters, MU's earnings will likely improve.Semiconductors like Micron play a major role in the global economy And despite recent economic and memory price challenges, Wall Street is bullish on global demand for memory products.Demand for memory is climbing thanks to the increased use of smart devices, the proliferation of of data centers, and the deployment of new technologies such as the IoT (Internet of Things) and 5G (fifth-generation) wireless.This demand growth will likely benefit the owners of MU stock for many years. The Short-Term Headwinds Facing Micron StockHowever, there are two main issues that may derail MU's revenue growth and Micron stock price.The Trade War: Micron has been one of the most front-and-center companies in the U.S.-China trade war. MU has many China-based customers, including the controversial firm Huawei. Over half of Micron's sales come from China.The two countries' style of negotiating makes me doubt if there will be a swift resolution to the trade war. And as long as the trade skirmish continues, the volatility of Micron stock and the sporadic negative bias towards MU is likely to continue.A Potential Economic Slowdown:Many analysts regard the semiconductor sector as an important leading indicator for the health of the economy. Therefore if the global economy slows in 2020, then MU stock price is likely to be adversely affected. So Should Investors Buy Micron Stock Now?Over the past year, analysts have had mixed views on MU stock, which is to be expected given the level of uncertainty in the industry and the stock market.In addition, the charts of MU make it hard for me to be fully constructive on MU stock right now.$50 is an important resistance level for MU. Therefore, in the next few weeks, I expect MU stock to trade between $42.5 and $47.5.Investors who do not yet hold MU stock may want to study the company's Q1 results to try to determine if demand for the company's products are recovering and if softening chip prices and compressed margins are behind us.I'd look to be a buyer of the stock as Micron stock approaches the low-$40s.As of this writing, the author did not hold a position in any of the aforementioned securities. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 7 Energy Stocks That Are Still Worth Buying In 2020 * 7 Strong Stocks to Buy That Won Q3 Earnings * 5 Safety Stocks to Buy Without Trade War Exposure The post Should Investors Buy Micron Stock Ahead Of MU's Earnings? appeared first on InvestorPlace.
Micron Technology, Inc. (MU), today announced the publication of its second annual diversity, equality and inclusion report. “Micron is pleased to announce the publication of our Diversity, Equality and Inclusion FY19 Annual Report, demonstrating our commitment to creating an environment where all team members can bring their authentic selves to work and contribute ideas that drive business success,” said Micron Vice President of Diversity, Equality and Inclusion Sharawn Connors.
We are still in an overall bull market and many stocks that smart money investors were piling into surged through November 22nd. Among them, Facebook and Microsoft ranked among the top 3 picks and these stocks gained 52% and 49% respectively. Hedge funds' top 3 stock picks returned 39.1% this year and beat the S&P […]
Telecom giant Huawei is calling the ban by the Federal Communications Commission "unconstitutional." Yahoo Finance's Adam Shapiro, Julie Hyman, Dan Roberts and Akiko Fujita break down the details.