|Bid||47.17 x 900|
|Ask||47.20 x 1100|
|Day's Range||45.62 - 47.36|
|52 Week Range||29.28 - 64.66|
|PE Ratio (TTM)||4.73|
|Earnings Date||Sep 24, 2018 - Sep 28, 2018|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||83.60|
As memory-chip production has gotten more complex, semiconductor equipment maker Nanometrics has seen sales surge for its advanced process control systems.
Stock futures: Nvidia and Applied Materials topped views, but gave weak guidance. That's a bad sign for the chip sector and the market rally. Nordstrom jumped on strong profit and guidance.
Micron (NASDAQ:MU) has had a rough time in recent months, falling further behind its rival Advanced Micro Devices (NASDAQ:AMD) in total revenue and losing more than 20% of its stock price. But it is possible that the semiconductor maker has hit bottom and is ready for a turnaround.
It is easy to get scared out of a stock when it has had the run that NVDA stock has. Meaning that “this too shall pass” and therein lies the opportunity in Nvidia stock. Yes, I believe that most dips in NVDA stock are potential entry points, yet I will not risk $250-per-share to buy the stock out right and leave no room for error.
Micron Technology Inc.’s plunge since late May has pushed the shares to a technical level unseen in more than two years. The largest U.S. manufacturer of memory chips was swinging between gains and losses Thursday after a 6.2 percent drop a day earlier pushed shares below their 200-day moving average. Micron has rarely dipped below any of those levels in recent years, let alone all three.
Rakers cut his price target on MU stock from $70 to $63, citing earnings erosion ahead. Subsequently, increased supply in the memory market will dilute Micron’s pricing, and its earnings will drop. In that scenario, MU stock could easily see prices north of $60 and even $70 over the next one to two years.
U.S. stock futures are rebounding this morning on easing global tensions. Stocks are rebounding on the promise of resumed U.S./China trade talks and a $15 billion investment in Turkey by Qatar. Strong quarterly reports from Walmart (NYSE:WMT) and Cisco Systems (NASDAQ:CSCO) are also helping boost sentiment.
Chipotle Mexican Grill (NYSE:CMG) advanced more than 6% following a big upgrade from Morgan Stanley. As Thursday’s action gets going, AT&T (NYSE:T), Hormel Foods (NYSE:HRL) and International Paper (NYSE:IP) are shaping up as the top trading bets.
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