MU - Micron Technology, Inc.

NasdaqGS - NasdaqGS Real Time Price. Currency in USD
44.37
-0.14 (-0.33%)
As of 2:44PM EDT. Market open.
Stock chart is not supported by your current browser
Previous Close44.51
Open44.69
Bid44.37 x 800
Ask44.38 x 3200
Day's Range43.71 - 45.27
52 Week Range28.39 - 58.15
Volume21,937,301
Avg. Volume27,697,238
Market Cap48.97B
Beta (3Y Monthly)N/A
PE Ratio (TTM)5.13
EPS (TTM)N/A
Earnings DateSep 18, 2019 - Sep 23, 2019
Forward Dividend & YieldN/A (N/A)
Ex-Dividend DateN/A
1y Target Est43.03
Trade prices are not sourced from all markets
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    (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.

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

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    InvestorPlace4 days ago

    Don’t Let Industry Noise Deter You From MU Stock

    Among investment categories, the semiconductor group finds itself in an awkward situation. And within this sub-segment, traders are attempting to decipher Micron Technology (NASDAQ:MU). On one hand, MU stock has performed well following the truce in U.S.-China trade war tensions. On the other hand, the company faces fundamental challenges that could hurt its equity value.Source: Shutterstock Of course, the biggest hurdle impacting Micron stock is the computer chip market; specifically, pricing for flash-memory NAND chips and so-called "volatile" DRAM chips. Currently, the semiconductor market is experiencing a lull. For instance, DRAM chips - which largely service PCs and data servers - plummeted nearly 30% in the first quarter of 2019.Obviously, that does no good for the MU stock price. After all, Micron specializes in producing both NAND and DRAM chips.InvestorPlace - Stock Market News, Stock Advice & Trading TipsEven worse, many experienced analysts in the semiconductor space believe that the DRAM market is still vulnerable to further corrections. That puts investments like Micron stock, as well as broader competitors like Intel (NASDAQ:INTC) and Nvidia (NASDAQ:NVDA) on notice.Here's the problem: NAND is a type of memory that is particularly useful for smartphones and mobile devices. But a time when even Apple's (NASDAQ:AAPL) once-dominant iPhone is experiencing lagging sales, NAND presents less of an opportunity. Thus, semiconductor firms' hopes rested on DRAM, and for good reason. * 10 Stocks to Sell for an Economic Slowdown Based on DRAM's unique architecture -- a densely structured chip that allows for billions of memory cells crammed into a small space -- it's best suited for data servers. Due to the burgeoning data center evolution, Micron can feed this growing demand. That benefits MU stock, provided that demand sustains itself.Evidence suggests that it's not, drawing questions for Micron stock. Complicated Narrative Surrounds MU StockBefore we dive in, you should know this: semiconductor firms ebb and flow with the underlying chip market. And whether for better or for worse, the chip market is incredibly volatile. Moreover, research firm Gartner (NYSE:IT) predicted two years ago that 2019 would be a downturn for DRAM.So far, that prediction has proven prescient. Naturally, it presents a worrying case for MU stock.Now, some investors have a tendency to ignore such high-level analysis as not being in touch with the ground floor. However, if you're thinking about buying Micron stock, you should at least understand the risk: historically, MU's pricing is intricately linked to the memory-chip market. Click to EnlargeFor instance, from January 2017 through the end of January 2018, DRAM's price-per-gigabit increased from 66 cents to 97 cents. Along the way, the pricing experienced some twists and turns.Over the same period, the MU stock price increased from $24.11 to $43.72. Like the underlying DRAM market, Micron did not have a straight shot skyward. Shares moved almost in lock-step with DRAM prices, with a correlation coefficient of 84%.I note a similar trend comparing Micron stock with total DRAM and NAND global revenues. As chip sales increase, so too does MU shares. Unsurprisingly, when chip sales stall, shareholders are taken on an unpleasant ride. Click to EnlargeAdmittedly, I'm charting the obvious. However, this data also confirms that MU stock rarely moves against the grain. So if DRAM is about to tumble deeper, it might be time to hit the exits.But that's only true if the forecasts of doom are valid. From the numbers I'm seeing, data centers have strong tailwinds. For instance, demand for cooling equipment necessary to keep data-server chipboards at optimal temperatures is increasing. That doesn't make sense unless data centers are likewise rising. Long-Term Picture Remains Bullish for Micron StockLogically, if the tides shift positively for DRAM, MU stock stands to profit handsomely. Especially at these undervalued prices, contrarians may want to consider picking up some shares.That said, it's always difficult predicting nearer-term swings. Sentiment could turn negative on absolutely silly reasons. And that could end up making me look silly as well.But where I'm more confident is the longer-term picture. In this context, I think President Donald Trump's trade war with China is the perfect tailwind, and not a dark cloud. I say this because for years, perhaps decades, American tech firms have not operated on level ground with the Chinese.Generally, Americans played by the rules. The Chinese have not. This strange, uncontested dynamic allowed the Asian juggernaut to harmfully troll the tech space.But the Trump administration is putting a hard-stop on China's shady business practices. And while the trade war hurts now, it's incredibly beneficial for our semiconductor industry's long-term, sustained growth. Bring in the DRAM factor and you have a case here for a deeply profitable discount in Micron stock.As of this writing, Josh Enomoto did not hold a position in any of the aforementioned securities. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 10 Stocks to Buy on College Students' Radars * 7 Retail Stocks to Buy for the Second Half of 2019 * The S&P 500's 5 Best Highest-Yielding Dividend Stocks The post Dona€™t Let Industry Noise Deter You From MU Stock appeared first on InvestorPlace.

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  • Thursday’s Vital Data: Delta Air Lines, Micron and Disney
    InvestorPlace4 days ago

    Thursday’s Vital Data: Delta Air Lines, Micron and Disney

    U.S. stock futures are trading higher to extend yesterday's gains.Ahead of the bell, futures on the Dow Jones Industrial Average are up 0.32%, and S&P 500 futures are higher by 0.15%. Nasdaq-100 futures have added 0.10%.In the options pits, overall volume rallied back from the low readings seen around the July 4 holiday. Calls led the way with around 18.9 million contracts traded versus just 14.9 million for puts.InvestorPlace - Stock Market News, Stock Advice & Trading TipsThe disparity between the two was even more dramatic at the CBOE, where the single-session equity put/call volume ratio crashed to 0.51. That's a new low for the year and reflects strong optimism surrounding yesterday's rally. The 10-day moving average fell to 0.61.Options traders swarmed the following three stocks: Delta Air Lines (NYSE:DAL), Micron (NASDAQ:MU) and Disney (NYSE:DIS).Let's take a closer look: Delta Air Lines (DAL)Earnings season will soon heat up, but a few early birds are already releasing their second-quarter numbers. This morning, Delta Air Lines reported earnings of $2.35 per share on revenue of $12.54 billion. Both metrics topped analyst estimates for the company to rake in $2.25 on $12.48 billion. * 10 Best ETFs for 2019: The Race for 1 Intensifies Traders are cheering the results with a bevy of buying in premarket trading. DAL stock is up 2% to $60.68 at the time of this writing. The up gap will land DAL at an exciting juncture. Last year's peak of $61.32 is the high-water mark for the stock and could be finally taken out in the post-earnings euphoria. That would push Delta shares into record territory, making it an attractive stock to buy for strength seekers.On the options trading front, calls were favored over puts ahead of the report. Activity rocketed to 505% of the average daily volume, with 93,982 total contracts traded. Calls claimed 63% of the day's take.The options board was pricing in a move of $1.99 or 3.3% after the earnings release, so this morning's 2.20% jump is well within the expected range and should bring profits to traders who sold volatility into the number. Micron (MU)The post-earnings rally in Micron reached a fever pitch yesterday with the stock ramping another 3.75% higher. And that was after the gains were pared into the bell. At the intraday peak, MU stock was up 6.4%. Ever since last month's quarterly report, institutions have been rushing back in. So says the multiplication in accumulation days revealed in the volume panel of the accompanying chart.Yesterday's boost carried MU to critical overhead resistance. The $44 zone has kept a lid on it for almost a year now, rejecting numerous rally attempts along the way. I have a feeling this time will be different. After some consolidation, that is. MU is hitting some extreme overbought readings and could use a bit of digestion before breaking out.On the options trading front, calls outpaced puts by a modest margin. Total activity ramped to 189% of the average daily volume, with 344,455 contracts traded. Calls added 59% to the session's sum.The post-earnings volatility crush ended last week, and we've since seen a mild rise to 39%. Still, the metric sits at a lowly 6th percentile of its one-year range. That means options are cheap, and long premium plays are the way to go here. Disney (DIS)Disney shares have been flirting with a breakout to new highs for weeks now. And, well, yesterday it went for it. Buoyed by the bullish backdrop of the overall market, DIS stock finally blasted through the high of last month's consolidation zone and tagged $144.25. * 7 Marijuana Penny Stocks That I May Buy We did see a mild increase in volume, but it wasn't as strong as some of the other accumulation days seen in June. Nonetheless, shareholders are cheering and eyeing $150 as the next upside target.The underlying optimism in Disney was on full display in the options market. Traders went cuckoo for call options driving total activity to 158% of the average daily volume, with 190,471 contracts traded; 85% of the trading came from call options alone.The increased demand pushed implied volatility up to 26%, placing it at the 46th percentile of its one-year range. With earnings looming less than a month from now, the high readings should persist over the coming weeks.As of this writing, Tyler Craig held bullish options positions in DIS. Check out his recently released Bear Market Survival Guide to learn how to defend your portfolio against market volatility. 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 Thursday's Vital Data: Delta Air Lines, Micron and Disney appeared first on InvestorPlace.

  • 3 Big Stock Charts for Thursday: Davita, Honeywell and Advanced Micro Devices
    InvestorPlace4 days ago

    3 Big Stock Charts for Thursday: Davita, Honeywell and Advanced Micro Devices

    The market had been much higher at one point in the day on Wednesday, buoyed by commentary from Federal Reserve Chairman Jerome Powell who all but said a rate cut was coming, and soon. But, even with the intraday pullback, the S&P 500 ended the day up 0.45%, hitting a record high in the process.Source: Allan Ajifo via Wikimedia (Modified)Tesla (NASDAQ:TSLA) gets a little bit of extra credit for keeping the market in the black. Shares of the electric carmaker were up nearly 4% on the heels of news it was planning to ramp-up production at its Fremont, California plant. Memory chip maker Micron Technology (NASDAQ:MU) was up 4% as well after the glut-beleaguered company announced it raised a few billion by issuing some well-received notes.At the other end of the spectrum, Levi Strauss (NYSE:LEVI) tumbled 12% after the jeans company said the second half of the year wasn't looking quite as promising as first believed.InvestorPlace - Stock Market News, Stock Advice & Trading Tips * 10 Best ETFs for 2019: The Race for 1 Intensifies None of those picks are great prospects headed into Thursday's session though. Rather, it's the stock charts of Davita (NYSE:DVA), Honeywell International (NYSE:HON) and Advanced Micro Devices (NASDAQ:AMD) that look like your best bets, even if not all for bullish reasons. Advanced Micro Devices (AMD)Advanced Micro Devices shares, in simplest terms, are at an inflection point. Although the rally since late last year has been persistent and rewarding, for the second time in a month AMD is knocking on the doors of record highs. If the bulls fail once again, this third try may not set up a fourth attempt anytime soon. Rather, this could serve as the pivot into a more prolonged downtrend, and the backdrop is anything but encouraging. Click to Enlarge * The ceiling in question is right around $34, plotted in white on both stock charts. This is the third time since mid-2018 it has been tested. * While the advance appears to have momentum, there's a stark lack of volume behind the gain thus far. * A breakout move past the $34 area could be catalytic, but if volume doesn't materialize in a big way, it could also be nothing but a setup for an even bigger wave of profit-taking. Davita (DVA)In a perfect world a stock's trading action would always make sense, and moves -- higher or lower -- wouldn't need prodding. We don't live or trade in a perfect world though.With that as the backdrop (and perhaps with a bit of irony thrown in), this week's drubbing of Davita shares may be the very thing they needed to restart a bigger-picture rally effort that ultimately failed to follow through last week. It was news that prompted the shakeup, which isn't ideal. It's still the hand traders were dealt though. * 10 Stocks to Sell for an Economic Slowdown Click to Enlarge * As of last Friday, DVA had just pushed above its 200-day moving average line, plotted in white on both stock charts. On Monday, that move was completely up-ended, by headlines. * Tuesday's miserable opening wasn't so miserable after all. With some help from the purple 50-day moving average and even more held with a semi-established floor around $50.76, Davita logged a convincing intraday reversal pattern. * Wednesday's follow-through was key, and on above-average volume to boot. Honeywell International (HON)Finally, it's far from being in deep trouble yet, but Honeywell International shares are slowly moving in that direction. It's the pace and nature of the slowdown, in fact, that's raising so many red flags.Either, with a runup that has far outpaced the broad market's gain since the very end of last year, the sheer risk of the rollover turning into something more merits a closer look. Click to Enlarge * It's loosely evident on both stock charts, put the daily chart's purple 50-day moving average line's flattening action best shows the gradual slowdown underway. * The clincher here would be a MACD crossunder on the weekly chart. Such signals have accurately marked sizable pullbacks a couple of times since early 2018. * It may have more to do with the season than the stock, but there's been minimal volume behind the worst of the bearish days that have started this slow, arching rollover.As of this writing, James Brumley did not hold a position in any of the aforementioned securities. You can learn more about James at his site, jamesbrumley.com, or follow him on Twitter, at @jbrumley. 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 3 Big Stock Charts for Thursday: Davita, Honeywell and Advanced Micro Devices appeared first on InvestorPlace.

  • GlobeNewswire5 days ago

    Micron Announces Pricing of $1.75 Billion of Senior Notes

    Micron Technology, Inc. (MU) announced today that it has entered into an agreement to sell $900 million aggregate principal amount of its 4.185% Senior Notes due 2027 (the “2027 Notes”) and $850 million aggregate principal amount of its 4.663% Senior Notes due 2030 (the “2030 Notes” and, together with the 2027 Notes, the “notes”) pursuant to an effective shelf registration statement on file with the Securities and Exchange Commission (the “SEC”). The offering is expected to settle on July 12, 2019, subject to customary closing conditions. Goldman Sachs & Co. LLC, J.P. Morgan Securities LLC and Wells Fargo Securities, LLC are the joint book-running managers of the notes offering.

  • GuruFocus.com5 days ago

    US Market Indexes Higher on Wednesday

    Helen of Troy beats earnings estimates

  • Apple, Chip Makers Not Giving Up on China Amid US-China Tech War
    Market Realist5 days ago

    Apple, Chip Makers Not Giving Up on China Amid US-China Tech War

    In recent months, the “Tech Cold War” has reared its head, but Apple doesn’t seem ready to throw in the towel in the Chinese market.

  • Nvidia Stock Has Multiple Upcoming Catalysts
    InvestorPlace5 days ago

    Nvidia Stock Has Multiple Upcoming Catalysts

    Since rallying to above the $170 level at the start of July, Nvidia Corporation (NASDAQ: NVDA) stock quickly retreated, trading recently around $160. Investors are getting nervous about NVDA despite its preemptive launch of its RTX Super Graphics Processing Units (GPUs). Even though Nvidia is stealing the headlines ahead of Advanced Micro Devices' (NASDAQ: AMD) Navi release, NVDA could lower its outlook for the second half of 2019.Source: Shutterstock Analysts have an average earnings per share estimate of 88 cents for NVDA's quarter that ended last month. And ahead of Nvidia's quarterly earnings that will be reported sometime in August, some owners of Nvidia stock are taking profits. * 7 Retail Stocks to Buy for the Second Half of 2019 On the chart, Nvidia stock appears to be weak. Though Nvidia stock price tested and bounced off its $130 low three times this year, it failed to break above its 200-day simple moving average. At 22 times average forward earnings estimates, Nvidia stock is relatively expensive compared to other chip names.InvestorPlace - Stock Market News, Stock Advice & Trading TipsIntel Corporation (NASDAQ: INTC) trades at 11.7 times its forward earnings. Micron Technology, (NASDAQ: MU) trades at 15 times its forward earnings.Nvidia's RTX Super graphics card offers far more performance and value than NVDA's previous graphics cards. Gamers get performance gains over, for example, NVDA's GTX 1080, helped by a 33% increase in memory bandwidth. Expect NVDA's GPU sales to bounce back strongly, thanks to this product refresh. But the biggest acceleration of NVDA's sales growth may not happen until the holiday quarter.A short-term negative for Nvidia stock is that NVDA has no other new product announcements scheduled for this summer. As a result, Nvidia stock price is unlikely to bounce back to the $200 - $240 level just yet.Still, investors need to wait patiently for Nvidia to build its software platform. As enterprises embrace its Quadro line, Nvidia will focus on both the RTX and the next generation of image generation. Adoption for Ray Tracing, a type of image generation, will eventually pick up in both the gaming and the enterprise space. Nvidia's software platform will be needed to process the enhanced forms of image generation. The Mellanox AcquisitionMellanox doesn't overlap with Nvidia in terms of the work it does. And since each company provides a unique input to the data center, Nvidia has expanded its potential addressable market with the deal. As the combined firm develops new products, its opportunities for sales growth will improve. Adding Mellanox strengthens Nvidia's positioning in the enterprise server computing space. Gaming StrategyAlthough NVDA offers a number of high-end GPUs for serious PC gamers, its new GeForce NOW offering targets a different set of gamers. Streaming game play allows Nvidia to expand its market. It allows the company to offer game play to those who do not have dedicated machines for gaming. Still, Nvidia's streaming-game strategy is in the early innings. It needs to wait for telcos to upgrade their infrastructure. The Valuation of Nvidia StockAnalysts have a $183 price target on Nvidia stock. Using a 10-year DCF Growth Exit model, the stock's fair value is $181.62. Realistically, for the stock to appreciate by 16.5%, the company needs to grow its revenue from the gaming and OEM & IP markets. Though Nvidia still expects its data center revenue to lag, data center customers may order more chips from NVDA than expected, lifting its sales. Source: BusinessQuant The Bottom Line on Nvidia StockNvidia's latest GPU refresh has a good chance of boosting overall sales, but it will take some time for that to occur. The industry recently worked down its excess inventories. With game title refreshes ahead and NVDA's GPUs providing more power at lower prices, expect Nvidia's revenues to bounce back through the course of the year and into 2020.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 * 10 Stocks to Buy on College Students' Radars * 7 Retail Stocks to Buy for the Second Half of 2019 * The S&P 500's 5 Best Highest-Yielding Dividend Stocks The post Nvidia Stock Has Multiple Upcoming Catalysts appeared first on InvestorPlace.

  • Benzinga5 days ago

    Series Of Large Options Trades Suggests More Volatility For Micron

    Micron Technology, Inc. (NASDAQ: MU) shares traded higher by 3.6% on Wednesday and are up more than 33% year to date. All together, the 13 Micron options trades represented a net bearish bet of more than $500,000 on Micron. At around 9:39 a.m., a trader sold 516 Micron put options at a $44 strike price that expire July 26.

  • MarketWatch5 days ago

    Micron's stock surges to pace chip sector gainers

    Shares of Micron Technology Inc. rallied 4.7% toward a 2-month high in active morning trading Wednesday toward, enough to pace the broader semiconductor sector's gains. Trading volume was 28.7 million shares, just below the full-day average of about 30.4 million shares. Before the open, Micron said it registered for the offering of senior notes, with a "substantial portion" of the net proceeds planned to pay for the purchase of a non-controlling interest in Intel Corp.'s IM Flash Technologies LLC and IM Flash debt owed to Intel. Moody's Investors Service said it rated the two new tranches of unsecured senior notes, due 2027 and 2030, at "Baa3," which is just one notch above "junk" status. The outlook is stable. Micron's stock was the biggest gainer within the PHLX Semiconductor Index , of which 25 of 30 components are gaining ground. Micron shares have run up 36.4% year to date, while the chip-sector index has climbed 27.6% and the S&P 500 has advanced 19.3%.

  • TheStreet.com5 days ago

    Micron Shares Climb on Senior Note Offering

    Shares of Micron Technology climbed Wednesday after the chipmaker announced a debt offering that the company said it plans to use to fund the purchase of Intel's non-controlling interest in semiconductor company IM Flash Technologies.