|Bid||50.66 x 300|
|Ask||50.72 x 1400|
|Day's Range||50.15 - 52.07|
|52 Week Range||26.37 - 63.42|
|PE Ratio (TTM)||7.91|
|Earnings Date||Jun 27, 2018 - Jul 2, 2018|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||72.72|
U.S. stock futures are mixed this morning. Wall Street is digesting another round of corporate earnings ahead of a potentially volatile political weekend.
After a few strong days in the stock market, equities are coming under pressure Thursday. Earnings results from Taiwan Semiconductor Mfg. Co. Ltd. (ADR) (NYSE:TSM) and Lam Research Corporation (NASDAQ:LRCX) are not inspiring much confidence in the semiconductor space, weighing on names like Apple Inc. (NASDAQ:AAPL) and the rest of tech. With that in mind, let’s see what stock trades are setting up for Friday.
The interest rate watch is on, as are concerns that inflation could gain steam sooner than expected. "Yep, it's race to be the first trillion dollar company and the handicapping shows an insanely close race," writes TheStreet's Jim Cramer.
Shares of Apple Inc. suppliers are down in Thursday trading, as is the chip sector more broadly, after Taiwan Semiconductor Manufacturing Co. Ltd. trimmed its June-quarter guidance. Mizuho analyst Vijay ...
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Micron Technology, Inc.(NASDAQ:MU) beat earnings expectations last month and closed at $61.07 on March 21, just off 52-week high of $63.42. Since then, Micron stock has retreated, and the stock now sits at $48.46 per share. Micron stock has more than doubled since December 2016.
As bearish as I’ve been on Advanced Micro Devices, Inc. (NASDAQ:AMD), I can’t say I saw the recent decline in AMD stock coming. Just north of that level, Advanced Micro Devices stock does look more interesting. Cryptocurrency mining weakness and reports of serious flaws have weighed AMD stock down so far.
A solid start to earnings season has helped push share prices higher this week, and the Standard & Poor’s 500 index is creeping toward 17 times forward earnings estimates. A handful of shares remain deeply discounted, however. For example, Viacom (VIAB), at 7.6 times earnings, owns a badly slumping movie studio, Paramount Pictures, and cable television networks that skew young, like Comedy Central, Nickelodeon, and MTV.
Micron, Barrick Gold, Progress Software, Appfolio and Paycom Software highlighted as Zacks Bull and Bear of the Day
DnB of Oslo, the largest financial-services entity in Norway, established in 2014 the promotion of gender equality as a “principal target.” The bank is partly owned by the Norwegian Ministry of Trade, Industry, and Fisheries, but it wasn’t feeding investors a line about its pledge: At the end of last year, women represented 37% of the top four management levels, according to DnB’s latest annual report, up from 31% in 2014. Similarly, for its holdings, DnB (ticker:ticker::DNB.Norway) seemed to have set—and met—a target of 50%. The bank halved its investments in Intel (INTC) and Micron Technology (MU) in the first quarter.
Artificial intelligence (AI) has taken the world by storm. With the emergence of AI, various sectors such as defense, medical and aerospace are increasingly making use of the technology to boost productivity and cost-effectiveness. An area which is already experiencing a massive usage of machine learning and robotics is the defense sector.
I have been investing in the semiconductor space for years, and it’s almost always feast or famine — serious highs or portfolio-crushing lows. Stocks in this industry can be very volatile, and we’ve seen this play out first-hand recently.