MU - Micron Technology, Inc.

NasdaqGS - NasdaqGS Real Time Price. Currency in USD
45.52
+0.85 (+1.90%)
At close: 4:00PM EDT

45.57 +0.05 (0.11%)
After hours: 7:59PM EDT

Stock chart is not supported by your current browser
Previous Close44.67
Open45.13
Bid45.36 x 800
Ask45.72 x 1400
Day's Range44.63 - 46.00
52 Week Range28.39 - 56.14
Volume39,328,352
Avg. Volume28,170,140
Market Cap50.245B
Beta (3Y Monthly)1.77
PE Ratio (TTM)5.26
EPS (TTM)N/A
Earnings DateN/A
Forward Dividend & YieldN/A (N/A)
Ex-Dividend Date1996-05-07
1y Target EstN/A
Trade prices are not sourced from all markets
  • 12 Tech Stocks With Revenue Shortfall Risks
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  • 3 Great Value Stocks to Buy This July
    InvestorPlace2 days ago

    3 Great Value Stocks to Buy This July

    After starting the year out on a dour note, the markets made a complete reversal. These days, the major averages -- like the S&P 500 and Nasdaq Composite -- continue to hit new record highs. The Dow Jones isn't doing too shabby either.But as the overall market surges higher, many stocks are quickly moving out of bargain status and perhaps into the expensive category. For those investors looking for value stocks, pickings are slim.Or are they?InvestorPlace - Stock Market News, Stock Advice & Trading TipsThe truth is, there are plenty of value stocks still out there to be had. Sure, you may not find them among the FANGs, but bargain hunters can still find great deals on value stocks with low P/Es, strong earnings profiles, sales and even strong dividends.And considering that over the long haul, value tends to beat growth, now could be the best time ever to load up on some of these value stocks. * 7 Stocks Top Investors Are Buying Now With that, here are three great value stocks to buy this July and hold for a long time. Goldman Sachs (GS)Trailing P/E: 8.9The vampire squid is becoming a kinder and gentler, well, vampire squid. Investment bank Goldman Sachs (NYSE:GS) has become one of the best value stocks around. Today, shares can be had for a trailing P/E of just 8.9. That's dirt cheap considering its future potential.The reason behind the numbers is simple and comes from its former vampire squid name. Stock, currency, and derivatives trading used to make up the bulk of GS revenues in previous years. Those operations are still there to some extent. But thanks to regulation, Goldman has had to look for other ways to grow. Without those, investors have sort of abandoned the major financial name.However, Goldman has found the solution in consumer banking to the mass affluent. The firm's personal lending and deposit account platform, Marcus, has been extremely successful -- gathering more than $46 billion in deposits and issuing $4.6 billion in loans. Meanwhile, its deal to buy out wealth manager United Capital Financial Partners adds technology, investment management, and additional mass affluent assets into its umbrella. The idea is that Goldman is going back to its roots as more of a banking institution than a trading one.This is wonderful for investors. These are the kind of operations that throw off plenty of steady cash flows. And they already have, thanks to strong numbers, Goldman was able to increase its dividend and announce a massive $7 billion buyback program.However, investors continue to ignore the potential. That makes Goldman Sachs a great value stock to buy today. Micron TechnologyTrailing P/E: 5.09Modern life runs on semiconductors. However, there is a big difference between the chips needed for self-driving cars and the one in your garage door opener. For Micron Technology (NASDAQ:MU), the fact that it focuses on the boring, analog side of that equation hasn't been so good in recent years.Analog chips are so standard that pricing for them is actually traded like a commodity. There's a spot market for these chips … just like a barrel of oil or bushel of corn. So, with supplies of DRAM and other basic analog chips being in a glut, Micron has been largely ignored -- unlike say, NVIDIA (NASDAQ:NVDA) -- and has become one of the cheapest value stocks around. You can currently snag MU stock for P/E of around 5.At that bargain price, you should snag all you can.For starters, the glut of DRAM may end as soon as the trade war goes. Already, Micron has seen a boost since President Donald Trump announced that firms can start selling chips to China's Huawei. Without trade issues, China should once again start consuming DRAM with reckless abandon.But what is really exciting is that MU has lucrative chipsets. At the same time, Micron continues to improve its memory chips to make them less like commodities and more irreplaceable to manufacturers. This includes its 3D XPoint technology -- which allows for very rapid storage and release of data. The kind of chip that is perfect for autonomous cars and A.I. * 9 Retail Stocks Goldman Sachs Says Are Ready to Rip Over the long haul, these chips will help reduce Micron's dependency on boring DRAM and allow it to profit from higher margins and demand. In the meantime, investors can score this value stock for basically free while they wait for the turnaround. PepsiCo (PEP)Trailing P/E: 14.6By nature, most consumer staples are considered value stocks. That's because many of them aren't fast-growing anymore and are mostly known for their dividends. So, when you can find a steady-eddy consumer stock, trading for a low valuation that also has some serious growth behind it, you have to consider it for your portfolio. And that sums up PepsiCo (NYSE:PEP) to a "T."PEP doesn't need an introduction. We all know the global provider of sweet beverages and salty snacks. The firm giant is pulling in billions in annual revenues across more than 200 different countries. But despite its size, Pepsi is still growing -- with management looking to score 4% to 6% organic growth this year.How PEP will do that comes down to continued improvements to its product mix. That includes new organic, healthy snacks as well as the continued foray into ready-to-drink coffee and sparkling water.Meanwhile, CEO Ramon Laguarta has continued to act on his promise of a "faster, stronger, better" PepsiCo. That includes investing a hefty dose of tech, consuming intimacy initiatives and looking to cut costs. So far, Laguarta's moves are working. Last quarter was simply smashing for PEP.And yet, the market still doesn't seem to care.That has made PEP a wonderful value stock to buy. With a P/E of just under 15, investors aren't pricing in any of the firm's growth potential. And with its 2.88% dividend, you're paid while waiting for that potential to be realized.At the time of writing, Aaron Levitt did not hold a position in any stock mentioned. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 7 Stocks Top Investors Are Buying Now * The 10 Best Cryptocurrencies to Keep on Your Radar * 7 Marijuana Penny Stocks That Could Triple (But You Won't Make Money) The post 3 Great Value Stocks to Buy This July appeared first on InvestorPlace.

  • InvestorPlace3 days ago

    Nasdaq Today: Roku’s New Highs; Beyond Meat’s Partnership

    The PowerShares QQQ ETF (NASDAQ:QQQ) came within a dime, but couldn't grind out new highs on Tuesday as we saw a decline in the Nasdaq today. However, that didn't stop everything from rallying, as Roku (NASDAQ:ROKU) stock burst as much as 8%, hitting new all-time highs in the process.Source: Shutterstock The stock clocked in over $113 at one point and it wouldn't be surprising to see the stock continue higher into earnings. After two huge post-earnings rallies, the stock is clearly on investors' radar. The stock was a clear leader on Tuesday and investors will look to see if they can keep squeezing shares higher amid this breakout.Not everyone was so lucky, though. Micron (NASDAQ:MU) continues to meet sellers, as it ran right into resistance. Shares fell about 3% on Tuesday, while Western Digital (NASDAQ:WDC) also dove on the day, down roughly 6%.InvestorPlace - Stock Market News, Stock Advice & Trading TipsBitcoin had a rough day too, plunging more than 11% to $9,600 at the time of this writing. Some New PartnershipsBlue Apron (NYSE:APRN) stock surge more than 60% at one point on Tuesday. The move came on news that it will partner with Beyond Meat (NASDAQ:BYND). The two are starting out with a pair of burger offerings and will look to add other options moving forward. Both should be available by Aug. 26. APRN has had a horrendous journey thus far as a public company and has already resorted to a 1-for-15 reverse stock split. But the partnership could be a win-win for both companies, and at least for one day, has given APRN stock a much-needed shot in the arm. * 9 Retail Stocks Goldman Sachs Says Are Ready to Rip While we await the likely IPO of DoorDash this year, it was announced that McDonald's (NYSE:MCD) will partner with the delivery company. The plan is to start with 200 locations in Houston later this month. If successful, it will roll out nationwide.DoorDash reportedly has contract drivers within driving distance of 80% of U.S. households, prompting MCD to add it to Uber (NYSE:UBER) Eats and choose it over GrubHub (NYSE:GRUB) and Waitr (NASDAQ:WTRH). WTRH hit a new 52-week low in the session, by the way.It has been a busy month for Big Blue. International Business Machines (NYSE:IBM) will report earnings on Wednesday, and just recently closed on its acquisition of Red Hat. That's not all though. The tech giant reached a multi-year alliance with AT&T (NYSE:T), to "support each other in networking and the cloud." Part of that support will come from IBM's recently acquired Red Hat. Splits and Analyst TakesAlibaba (NYSE:BABA) announced plans for an 8-to-1 stock split earlier this year, pending shareholder approval. Well, the company received the green light and BABA stock will split sometime before July 15th, 2020.There weren't too many big analyst actions to take note of, but Slack (NYSE:WORK) did receive some initiations. Morgan Stanley analysts slapped an equal-weight rating on Slack, while Goldman Sachs went with a neutral rating an $34 price target, implying about 2% downside. Click to Enlarge Don't fret though, bulls. William Blair analysts initiated WORK at an outperform rating, while Canaccord Genuity analysts started it at a buying rating with a $40 price target. Barclays and Keybanc also gave an overweight rating, using price targets of $45 and $44, respectively. Heard on the Nasdaq TodayLike IBM, Netflix (NASDAQ:NFLX) will also report earnings on Wednesday. However, after tying HBO -- now an AT&T property -- in Emmy nominations last year, HBO topped NFLX this year 137 to 117. Obviously, Game of Thrones helped tip the scales, pulling in 32 nominations on its own.Netflix may face a dilemma losing its top two shows in 2020, Friends and The Office, as well as other top content later on. It's no wonder CEO Reed Hastings has been spending so much on content over the last few years.Tech companies testifying on Capitol Hill seems to be about one of the most pointless events. It's clear Congress can't keep up with technology and they can't keep up with these companies. Nothing ever seems to come of it -- other than headlines.On Tuesday, Apple (NASDAQ:AAPL), Amazon (NASDAQ:AMZN), Facebook (NASDAQ:FB) and Alphabet (NASDAQ:GOOG, NASDAQ:GOOGL) were there, with hearings scheduled for tomorrow as well. It could be an important development though, as the government looks to build an antitrust case against several of these companies. Notice who's not there though? Microsoft (NASDAQ:MSFT).Bret Kenwell is the manager and author of Future Blue Chips and is on Twitter @BretKenwell. As of this writing, Bret Kenwell was long ROKU, AAPL, AMZN and GOOGL. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 9 Retail Stocks Goldman Sachs Says Are Ready to Rip * 7 Services Stocks to Buy for the Rest of 2019 * 6 Stocks to Buy and 1 to Sell Based on Insider Trading The post Nasdaq Today: Rokua€™s New Highs; Beyond Meata€™s Partnership appeared first on InvestorPlace.

  • GuruFocus.com3 days ago

    Micron Technology Inc (MU) EVP, Technology Development Scott J Deboer Sold $900,000 of Shares

    EVP, Technology Development of Micron Technology Inc (30-Year Financial, Insider Trades) Scott J Deboer (insider trades) sold 20,000 shares of MU on 07/15/2019 at an average price of $45 a share. Continue reading...

  • Investing.com4 days ago

    StockBeat - Micron Slides as Analysts Downplay Memory Price Pop

    Investing.com - Micron (NASDAQ:MU) fell on Tuesday, even as UBS raised its price target on the chipmaker's stock as analysts downplayed expectations that the recent pop in memory prices amid export restrictions on Korea would continue.

  • Trade with Huawei: US Chip Firms Get Some Good News
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  • Can Micron Stock Rise Further in 2019?
    InvestorPlace4 days ago

    Can Micron Stock Rise Further in 2019?

    Investors who calculated that Micron (NASDAQ:MU) stock had bottomed as June began to wind down have been nicely rewarded. Since June 25, MU stock has surged 36%. It was up again on Friday, closing at $44.51 for a 2.37% pop that capped another week of gains and propelled MU stock to a new 2019 high.The question is whether Micron stock has rallied to the point where it is now overpriced or it still has room to climb further. After all, just a year ago, MU was over $57.Source: Shutterstock The Huawei Ban FizzlesOne of the big wins for Micron over the past month started as a blow that kneecapped MU stock.InvestorPlace - Stock Market News, Stock Advice & Trading Tips * 9 Retail Stocks Goldman Sachs Says Are Ready to Rip The trade war with China has been a challenge for most U.S. tech stocks, but Micron has particularly high exposure to it, as roughly half of its revenue comes from the Chinese market. And one Chinese company -- Huawei -- accounted for a whopping 17% of MU's revenue in the first half of 2019. When the U.S. government announced a ban on May 15 that prevented American technology companies from selling components to Huawei, the fallout was immediate for Micron. MU stock tanked at the prospect of such a big chunk of its revenue simply evaporating.However, that dire scenario didn't last. At the G20 Summit in June. President Trump announced that U.S. companies would be allowed to continue selling products to Huawei. Since that reprieve, Micron stock, which had been in the doldrums, has made a comeback.In the final week of May and through June, as pessimism among investors set in, MU was frequently trading for under $33. The reversal of the Huawei ban set the stage for a three-week run that continued on Friday and now has MU stock at its highest level in 2019. Also helping the rally was MU's better-than-expected third-quarter earnings report on June 25. Micron's revenue was down nearly 39% year-over-year, but its revenue and earnings handily beat analysts' average expectations. Higher DRAM Prices Could Further Boost MU StockMicron's primary source of revenue is DRAM memory chips, and its second-largest business is NAND memory chips. Demand for memory used in computers, smartphones and other devices -- in the form of DRAM and NAND -- is cyclical, as the owners of MU stock have discovered. The price of DRAM went through the roof for several years, starting in 2016, before dropping in 2019. Analysts, on average, have called for DRAM prices to decline by up to 25% in all of 2019. Hit by a combination of increased manufacturing capacity and declining smartphone sales, NAND prices have also been dropping. Micron stock has been heavily impacted by these price declines. As demand for DRAM and NAND rose from 2016 to 2018, resulting in higher prices, MU stock went from under $10 in early 2016 to over $61, its highest level in two decades, at the peak of the market in the spring of 2018.As last week wound down, DRAM prices unexpectedly spiked. DRAM prices rose for several consecutive days, jumping 4.72% during the period, according to DRAMeXchange, which tracks the worldwide DRAM spot market.The price hike was triggered by a trade dispute between Japan and South Korea that escalated last week, impacting exports from South Korean technology companies. And it just so happens that two out of the three largest producers of DRAM -- Samsung and SK Hynix -- are based in South Korea. The ripple effect of the trade dispute has affected the global supply of DRAM, causing prices to go up. That's unexpected good news for Micron.With neither country backing down, the restrictions on DRAM exports could be prolonged. A continued recovery of DRAM prices would certainly boost MU stock.So can Micron stock continue to climb this year? After the rescinding of the Huawei ban and the inception of the trade dispute between South Korea and Japan, MU's revenue outlook is better than expected. If both trends continue, these factors alone - and the boost in revenue they provide - should enable MU stock to climb meaningfully.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 * 9 Retail Stocks Goldman Sachs Says Are Ready to Rip * 7 Services Stocks to Buy for the Rest of 2019 * 6 Stocks to Buy and 1 to Sell Based on Insider Trading The post Can Micron Stock Rise Further in 2019? appeared first on InvestorPlace.

  • Advanced Micro Devices Stock Could Be Set to Finally Bust Through
    InvestorPlace4 days ago

    Advanced Micro Devices Stock Could Be Set to Finally Bust Through

    Advanced Micro Devices (NASDAQ:AMD) is back at the highs. The AMD stock price cleared $33 last week, something it's managed to do a few times in the past year. Each time, those levels have proven to be bad news for Advanced Micro Devices stock.Source: Shutterstock AMD stock got there for the first time last September, reaching a 12-year high at the time. It immediately dipped. After two more tries, the chip sector as a whole collapsed. The AMD stock price went from $33 to $17 in a matter of weeks.AMD stock briefly touched $34 last month. It fell promptly declined 15% over the next five sessions.InvestorPlace - Stock Market News, Stock Advice & Trading TipsIt's pretty clear that levels around $33-$34 have proven to be resistance for the AMD stock price. The question now, particularly with Q2 earnings on the way in two weeks or so, is whether this time will be different. * 7 Dependable Dividend Stocks to Buy The Risks to the AMD Stock PriceThere are three reasons to see current levels as potentially risky for Advanced Micro Devices stock. The first is precisely that history, particularly in the context of chip stocks more broadly. Big earnings from Micron (NASDAQ:MU) have helped boost the sector in recent weeks, admittedly.But semiconductor stocks have seen quite a bit of volatility over the past year. Micron may have touted optimism - but Broadcom (NASDAQ:AVGO) did largely the opposite. Even before those reports, this has been a space where investors are best off zigging while the market zags, buying when sentiment turns sour and selling when optimism returns. That's held for AMD as well, obviously, given the stock has doubled from December lows.As such, resistance here may be firm. And that risk is buttressed by fundamental concerns. As I wrote last month, at those June highs, AMD stock isn't cheap. It trades at over 32x next year's consensus EPS. The average Wall Street price target still sits below the current price.Analysts don't always have it right, obviously (that's been particularly true in the chip space over the past eighteen months), but 32x is a big multiple for chip stock. Investors in Nvidia (NASDAQ:NVDA) learned what happens when an investor overpays for growth in such a cyclical industry. If only on a short-term basis, investors in Advanced Micro Devices have learned the same lesson a few times.And the third risk for AMD is the earnings report on the way, likely at or around the end of this month. Expectations clearly are high. AMD has stumbled after earnings in the past - most notably with a 22% decline after the Q3 report in October. AMD needs a big quarter to keep a repeat from occurring this time around. The Case for Advanced Micro Devices StockThe simple answer to all those worries is: so what? AMD stock has climbed the "wall of worry" for years now. After all, this was a $2 stock as recently as 2016, with real fears that the company might eventually declare bankruptcy.That's obviously no longer the case. AMD's new chips have made it a formidable competitor to Nvidia and Intel (NASDAQ:INTC). Intel's repeated mistakes only increase the possibility of more market share gains, more growth, and a higher AMD stock price. And those self-inflicted wounds at AMD's key competitor, along with reports of strong PC sales, suggest Q2 numbers will be impressive.Broadly speaking, this simply is a much better business than it was, and it's a really good business on its own. The "old" Advanced Micro Devices was a second-tier provider of chips for low-priced PCs. But it's now a more diversified player in terms of both PCs and growing end markets like data centers. AMD stock might not be cheap, but it shouldn't be cheap. The Bottom Line on Advanced Micro Devices StockBoth sides can make a strong case at the moment, which makes Q2 earnings particularly important. Technically and fundamentally, AMD stock is likely to move further in whatever direction it trades after the report.Big numbers lead to higher earnings estimates and likely a series of analyst upgrades that can further goose the stock. That, in turn, pushes AMD through resistance, which usually (though not always) triggers higher prices.Anything less, however, and history suggests Advanced Micro Devices stock could have a problem. We've seen AMD move from $33+ to under $30 in a blink. Bad news, or even an outlook that doesn't quite match currently optimistic expectations, could do the same, or worse.All told, I'd expect that a month or two out, AMD stock isn't trading at $33. But which way it moves will depend largely on what kind of story Advanced Micro Devices can tell with its second-quarter report.As of this writing, Vince Martin has no positions in any securities mentioned. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 7 Dependable Dividend Stocks to Buy * 10 Stocks Driving the Market to All-Time Highs (And Why) * 7 Short Squeeze Stocks With Big Upside Potential The post Advanced Micro Devices Stock Could Be Set to Finally Bust Through appeared first on InvestorPlace.

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  • Micron Technology Is Poised for an Upside Breakout but It's Not a Done Deal Yet
    TheStreet.com5 days ago

    Micron Technology Is Poised for an Upside Breakout but It's Not a Done Deal Yet

    The share price of Micron Technology has been testing the highs of February, March and April but it has not yet decisively broken out on the upside. In this daily Japanese candlestick chart of MU, below, we can see that prices are above the bottoming 200-day moving average line and the rising 50-day line. The daily On-Balance-Volume (OBV) line recently turned up telling us of a shift from aggressive selling to aggressive buying.

  • MarketWatch5 days ago

    U.S. companies may soon get OK to sell to Huawei again: report

    The Trump administration may start approving certain U.S. companies to sell their products to China's Huawei Technologies Co. in as soon as two weeks, Reuters reported Sunday. U.S. chipmakers, including Qualcomm Inc. , Intel Corp. and Micron Technology Inc. , have reportedly pushed to resume sales to the Chinese tech giant, which bought about $11 billion worth of U.S. components in 2018. The U.S. banned most sales to Huawei in May, but Commerce Secretary Wilbur Ross has recently said sales licenses will be issued in cases where there is no national security risk. Reuters reported licenses will likely be issued on a case-by-case basis, starting in the next two to four weeks.

  • MarketWatch7 days ago

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  • China’s June Trade Data Was a Mixed Bag
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    China’s June Trade Data Was a Mixed Bag

    Today, China released its trade data for June. China’s dollar-denominated exports fell 1.3%, while its imports in US dollar terms fell 7.3% last month.

  • U.S. Tech Firms Cozy Up to China Despite Trade Turmoil
    Bloomberg8 days ago

    U.S. Tech Firms Cozy Up to China Despite Trade Turmoil

    (Bloomberg) -- In a packed ballroom in Beijing’s national convention center, the executive from a major technology company laid out ambitious plans for the future of artificial intelligence in China. He explained how customized semiconductors would help power everything from autonomous cars to voice-activated industrial machines.Only this wasn’t a state-backed enterprise. This was Intel Corp., the largest U.S. chipmaker.The company’s AI chief, Naveen Rao, pledged to work closely, “engineer to engineer," on cutting-edge technology with the 7,000 people that attended Baidu Inc.’s annual developers conference last week. Intel was the top sponsor of the event.Rao made no mention of politics, though his overwhelming support of Baidu, a Chinese national tech champion, sent a powerful message: Even as U.S. and Chinese leaders are locked in a fierce battle over technological supremacy, companies like Intel remain big backers of China’s tech industry because they rely on the country for significant contributions of revenue, production chains and even talent.Intel made 27% of its revenue in China last year, more than in the U.S. or any other market, but it’s fighting to hold on to customers there that it spent decades cultivating. Like many American multinationals with large businesses in the country, Intel is walking a fine line between holding on to that lucrative market and keeping in Washington’s good graces. Neutrality is becoming a tougher stance to maintain."There’s been a psychotic break” in what some leaders in the U.S. government want and what American businesses want, said Josh Dorfman, founder of One Thousand Million, a China-focused consultancy and think tank based in Dallas. "Unlike in China, U.S. companies aren’t beholden to the country and are not obligated in any way, shape, or form to be patriotic. They want to make money."An Intel spokesman said the company remains engaged with Chinese customers that aren’t on the U.S.’s list of those it sees as a security threat. China is a substantial market for Intel and it has no intention of pulling out now.Intel isn’t alone. Apple Inc. is heavily dependent on China not only for the manufacture of Mac computers and iPhones but it’s also a major consumer market, accounting for about 20% of sales. Even as U.S. President Donald Trump threatened tariffs that would hit Apple products, the California-based company was making plans to shift production of its new Mac Pro computer to China, sending a clear signal of support.While some companies are considering moving part of their production out of the country, many others are making gestures of goodwill. Walmart Inc. last week pledged to invest $1.2 billion in China to upgrade logistics distribution centers. Boeing Co. is in negotiations to sell 100 jetliners to Chinese airlines in one of its largest-ever deals, Bloomberg News reported. And last month, 600 U.S. companies and trade groups signed a letter to Trump warning of tariff-related hits to their businesses.IBM’s Greater China group chairman Liming Chen said that the escalation of China-U.S. trade frictions has created a "confusing environment" for businesses. He outlined International Business Machine Corp.’s long relationship with China, dating back to its products first entering the country in the 1920s, and formally establishing a Shanghai office in 1936."IBM has participated in the rapid development of China over the past 40 years, while China has also nourished IBM," he wrote in a post on WeChat in June, calling the country an "indispensable part of our global strategy map."The U.S.-China trade war is anchored in competition to dominate the next generation of wireless networks and other technologies as much as politics. The Trump administration worries that American companies in search of profits could actually help China’s tech industry eclipse U.S. prowess in sensitive areas like artificial intelligence and machine learning.The chairman of the U.S. Joint Chiefs of Staff, Joseph Dunford, lambasted Alphabet Inc. in March for Google’s AI work in China, which he alleged "indirectly benefits the Chinese military." Trump repeated the critique in a subsequent tweet, questioning the Google parent’s loyalties. Google has said it doesn’t work with China’s military.The same nationalistic fervor is partly behind the Commerce Department’s May prohibition on selling American components to Chinese telecom behemoth Huawei Technologies Co. Despite Trump’s recent pledge to ease restrictions, Huawei remains on America’s so-called entities list and U.S. firms must apply for special licenses to sell parts to the company.That hasn’t stopped chipmaker Micron Technology Inc. from feverishly trying to find ways to keep supplying the company, one of its largest customers. The U.S. semiconductor industry also lobbied the Trump administration to loosen restrictions on Huawei.Still, American tech companies are facing a new global reality. They may no longer be able to overlook geopolitics in favor of profits. China may not be the growth savior it once was.Tech companies "must now live in a world where their Chinese business partners and global value chains at any given day could blow up," said James Lewis, director of the tech and public policy program at the Center for Strategic and International Studies, a Washington think-tank. “Trump might have backed off Huawei for now but next week it could be something different and any of these companies are fair game.”Lewis, who previously served as the U.S. Commerce Department’s lead for national security and espionage concerns related to high-technology trade with China, said Chinese firms are also racing to become less reliant on the very American firms bending over backwards to keep their business.Splitting the two economies won’t be easy. Research, development, manufacturing and talent in the U.S. and China are still very much interconnected."Innovation by American companies is fueled by access to the Chinese market," said Samm Sacks, cybersecurity policy and China digital economy fellow at think tank New America, in Congressional testimony in May.For Intel’s AI chief, collaboration with China helps the company to build better products and bring new technology to market fast.“I’m proud of the strong and growing partnership between Intel and Baidu,” Intel’s Rao said in Beijing, after greeting developers with a hearty “nihao.” “By working together to advance AI, Baidu and Intel are helping to usher in a world where AI is ubiquitous.”\--With assistance from Gao Yuan.To contact the reporters on this story: Shelly Banjo in Hong Kong at sbanjo@bloomberg.net;Zheping Huang in Hong Kong at zhuang245@bloomberg.net;Ian King in San Francisco at ianking@bloomberg.netTo contact the editors responsible for this story: Peter Elstrom at pelstrom@bloomberg.net, Molly SchuetzFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.

  • Apple (AAPL) Q3 2019 Earnings Preview: iPhone & China Sales
    Zacks9 days ago

    Apple (AAPL) Q3 2019 Earnings Preview: iPhone & China Sales

    Apple (AAPL) stock still rests 13% below its 52-week high despite its roughly 30% climb in 2019 amid trade war worries and a slowdown in iPhone sales. Now, let's peek ahead to see what investors should expect from Apple's third-quarter fiscal 2019 financial results.

  • 4 Top Stock Trades for Friday: CGC, MU, BBBY
    InvestorPlace9 days ago

    4 Top Stock Trades for Friday: CGC, MU, BBBY

    In his second day of testimony, Fed Chair Jay Powell essentially confirmed that a rate cut is coming this month. For the market's part, the Fed Funds futures are pricing in at least a 25 basis point cut this month. To be fair, the market was already pricing in such a cut before Powell's comments, but even so, the market was again unable to hold onto a bulk of its opening gains. Let's look at a few top stock trades for Friday. Top Stock Trades for Tomorrow 1: Canopy Growth Click to EnlargeShares of Canopy Growth (NYSE:CGC) are taking a tumble on Thursday, down almost 5% so far on the day. However, the breakdown could be more than just a shakeout.InvestorPlace - Stock Market News, Stock Advice & Trading TipsCGC stock is cracking through a floor of support, showing that the descending triangle -- a bearish setup -- is in full force. If Canopy Growth can reclaim the $38-ish area and rally over $40, CGC could repair some of the technical damage. * 10 Stocks to Sell for an Economic Slowdown Below $38 and the setup remains bearish. Top Stock Trades for Tomorrow 2: Micron Click to EnlargeA few months ago we highlighted a potential breakout in Micron (NASDAQ:MU) with an ascending triangle -- the opposite setup of CGC. However, when uptrend support (blue line) gave way, the setup failed.Now, MU stock is back up into prior resistance near $44. Given the big run we've seen, I am going to assume $44 is resistance unless Micron stock can push through. On a retreat, let's see if $41 holds as support. If not, a retest of $39 could be on the table. Top Stock Trades for Tomorrow 3: Bed Bath & Beyond Click to EnlargeMan, Bed Bath & Beyond (NYSE:BBBY) has been a total disaster over the past few years. Shares have cratered 80% over the last five years, with Thursday's 3% fall not doing much to help.On the plus side though, BBBY stock has rallied strong off the lows at $10.43.At this point, we need to see the lows from December hold, at $10.21. Below and more selling can take place. On a rally, let's see if BBBY can reclaim the $12.50 level and the 10-week moving average. Top Stock Trades for Tomorrow 4: Cigna Click to EnlargeShares of Cigna (NYSE:CI) are ripping higher by more than 8% on Thursday. That's great news for bulls, although a stronger close would have been nice.CI stock ripped over the 200-week moving average, but was rejected by the 50-week moving average at $183.56. Furthermore, the 200-day moving average stood strong as resistance at $182.40.Further, the key $180 level couldn't be reclaimed either.So what now? * 3 Forgotten Tech Stocks Worth Remembering I want to see the $165 level and 200-week moving average act as support. If CI can maintain some of its newfound bullish momentum, I want to see how it handles the $180 level on the upside, as well as the 50-week moving average and 200-day moving average. Above could pave the way to $200. Otherwise, it could act as resistance.Bret Kenwell is the manager and author of Future Blue Chips and is on Twitter @BretKenwell. As of this writing, Bret Kenwell did not hold a position in any of the aforementioned securities. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 10 Stocks to Sell for an Economic Slowdown * 7 Marijuana Penny Stocks That I May Buy * 7 of The Best Schwab ETFs for Low Fees The post 4 Top Stock Trades for Friday: CGC, MU, BBBY appeared first on InvestorPlace.

  • Memory Stocks Rise in Anticipation of a Coming Uptrend
    Market Realist9 days ago

    Memory Stocks Rise in Anticipation of a Coming Uptrend

    Memory stocks have been on the rise since June 25, when chip maker Micron Technology reported better-than-expected earnings results.

  • Nvidia Stock May Be Bottoming, But Don’t Expect a Recovery in 2019
    InvestorPlace9 days ago

    Nvidia Stock May Be Bottoming, But Don’t Expect a Recovery in 2019

    Nvidia (NASDAQ:NVDA) stock is showing small signs of progress. NVDA stock has been a falling knife over the past six months. But now, the stock, while not recovering tremendously, has at least stopped going down for the time being. Is Nvidia stock's seemingly endless plunge finally over?Source: Shutterstock The answer likely comes down to the following question: Will NVDA stock catch up to the stock market, or continue to trade on its own merit? The stock market is obviously booming, with the major averages making new all-time highs. Tech stocks in particular have been on fire. Meanwhile, Nvidia stock has been going up a little with the market, but then slipping back quickly. For example, last week, NVDA hit $166, but then slipped back to $160, even as the market continued to surge. * 10 Stocks to Sell for an Economic Slowdown That's because NVDA faces a ton of company-specific and sector-specific problems. These range from excessive inventory to the product issues facing Intel (NASDAQ:INTC), and the trade war.InvestorPlace - Stock Market News, Stock Advice & Trading Tips The Semiconductor Industry Is Caught in the CrossfireThe trade war is dragging on and on. That's awful news for leading semiconductor companies such as NVDA. According to Nvidia's most recent annual report, fully 74% of the company's revenues came from Asia during its last full fiscal year. The company generated $3.4 billion of revenue from Taiwan alone last year. It got $2.8 billion from mainland China and Hong Kong, and another $2.4 billion from the rest of Asia.NVDA got just $1.5 billion of revenue from the U.S., equaling barely 10% of its overall revenues. Amazingly, the small island of Taiwan buys more than twice as much from Nvidia as all of the United States does. Needless to say, the longer the trade war goes on, the more NVDA stock and its peers will suffer negative consequences.There's been some upbeat chatter about a potential resolution to the U.S.-China trade issues. Reportedly Trump and the Chinese delegation did a lot of talking ahead of the recent G-20 meeting. And there was an agreement of sorts related to Huawei, but it appears to be more of a temporary ceasefire than a solution. Until we get something concrete, Nvidia and the rest of the semiconductor industry will likely struggle. Rivals Feeling the HeatGlobal electronics giant Samsung exemplified the trade war issues with its earnings pre-release last Thursday. Samsung makes both semiconductor chips, competing with the likes of Micron (NASDAQ:MU) in memory. while also making plenty of end products such as phones and TVs.In any case, Samsung announced that it sees its operating profits for this quarter falling by more than 50%. Samsung blamed the decline on a combination of the trade war, weak memory prices, and soft demand from other customers. Reportedly, for example, the demand for Apple's (NASDAQ:AAPL) iPhone was so sluggish that Apple will have to pay Samsung some sort of compensation for not meeting minimum order levels.When giants like Apple and Samsung are failing to meet investors' expectations, it's clear that there's a broad slowdown in consumer electronics. As great as Nvidia's technology is, NVDA can't prosper in a world in which the whole consumer electronics sector is in a slump. If Apple, Samsung etc. continue to struggle, NVDA stock isn't going anywhere, either. Why Nvidia Stock Price Can ReboundNvidia hasn't given a whole lot of details about its outlook for the rest of the year. Starting with its last quarterly earnings report, NVDA stopped providing full-year guidance. That's often a sign of trouble ahead. That said, if you're looking for a bullish case on Nvidia stock, you can patch one together.For one thing, its inventory levels have declined in some areas, particularly in graphics. It appears the overbuilding of graphics cards has ended. And while bitcoin's surge won't set off another mining boom like it did in 2017, it will probably help increase demand to a certain extent. People still use GPUs to mine cryptocurrency after all.Overall, Nvidia's revenues will probably start to flatten out by the end of the year. If nothing else, at least the jarring double-digit-percentage revenue declines across all of its business segments will come to an end. If and when the trade war ends, Nvidia should finally be able to get back to revenue growth. As is often the case for tech companies, once NVDA's revenue bottoms, Nvidia stock price should start shooting back up again. The Verdict on NVDA StockIf Nvidia stock price was trading at fire-sale levels, there'd be a case for buying NVDA at this point. The company has fantastic technology and will surely bounce back sooner or later.But Nvidia stock is still aggressively valued after its seemingly huge decline. Nvidia is now selling at 31 times its trailing earnings. If you believe analysts' average estimates, its earnings will shoot up to $7 per share over the next year, pushing the P/E ratio to a more reasonable - though hardly cheap - 23\. With its revenues still declining, however, it's hard to see how this earnings explosion is going to occur.Ultimately the trade war will get sorted out, and Nvidia will get its momentum back. But there's no reason that such a development will necessarily happen in 2019. Nvidia stock price is far from cheap at this valuation. It may go up a little if the stock market keeps roaring higher. But until Nvisia's business gets its momentum back, the stock will continue to underperform the market as a whole.At the time of this writing, Ian Bezek owned INTC stock. You can reach him on Twitter at @irbezek. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 10 Stocks to Sell for an Economic Slowdown * 7 Marijuana Penny Stocks That I May Buy * 7 of The Best Schwab ETFs for Low Fees The post Nvidia Stock May Be Bottoming, But Don't Expect a Recovery in 2019 appeared first on InvestorPlace.