|Bid||50.12 x 3000|
|Ask||50.13 x 3100|
|Day's Range||48.87 - 50.37|
|52 Week Range||29.77 - 64.66|
|PE Ratio (TTM)||5.03|
|Earnings Date||Sep 24, 2018 - Sep 28, 2018|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||83.60|
Alan Valdes of SilverBear Capital tells Yahoo Finance's Seana Smith why there's still time for investors to make money in tech stocks.
For a company responsible for a massive amount of memory and storage chips used in smartphones and servers across the internet, Micron Technology Inc.'s (MU) $56 billion market cap seems ultra low compared to industry peers. Warning! GuruFocus has detected 1 Warning Sign with MU. More importantly, Micron is still set to earn more than $20 billion over the next two years.
The semiconductor sector has been one of the market’s hottest the past couple of years, and both Nvidia (NASDAQ:NVDA) and Micron (NASDAQ:MU) have benefited. MU stock has “only” tripled over that period, but it trades about 5x higher than it did at May 2016 lows. MU stock has pulled back 26% from late May highs.
The Zacks Analyst Blog Highlights: Caterpillar, Celanese, Micron Technology, QUALCOMM and Skyworks Solutions
BOISE, Idaho, Aug. 20, 2018-- Micron Technology, Inc. today announced that it will hold its fiscal fourth quarter earnings conference call on Thursday, September 20, 2018 at 2:30 p.m. MDT. A live webcast ...
Broader U.S. equities continued to rally Monday, with some outsized moves in a few specific names. It’s summer trading, and absent a rise in volatility, we could see equities slowly grind higher. Remember, don’t fight price! Here’s a look at our top stock trades for the week.Top Stock Trades for Tomorrow #1: iQiyi
Equities entered the weekend a stone’s throw from new highs. And with Friday’s rally placing the S&P 500 oh so close to overhead resistance, many stocks are flashing potential breakout patterns. The appeal of breakout stocks is the clean entry and the good chance for follow through.
Today we’re going to take a look at the well-established Micron Technology Inc (NASDAQ:MU). The company’s stock saw significant share price volatility over the past couple of months on theRead More...
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 ...