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Yahoo Finance Live's Seana Smith takes a look at Micron's stock following a slump in Q4 revenue guidance.
The super investor still sees opportunities ahead.
(Bloomberg) -- Enjoy Technology Inc., a retail startup founded by former Apple Inc. executive Ron Johnson, filed for bankruptcy on Thursday -- less than a year after going public through a merger with a blank-check company.Most Read from BloombergStock Doomsayers Vindicated in Historic First Half: Markets WrapThe Wheels Have Come Off Electric VehiclesDemocrats Weigh Paring Biden Tax Hike to Win Over ManchinSupreme Court Crimps Biden’s Climate Agenda With Limits on EPAUS Will Face High Gas Prices
What to watch in markets on Thursday, June 30, 2022.
(Reuters) -A significantly weaker than expected business outlook by memory-chip firm Micron Technology Inc on Thursday raised concern that following nearly two years of strong demand the industry was turning toward a down cycle. Micron forecast adjusted revenue for the current quarter at $7.2 billion, plus or minus $400 million, while Wall Street's outlook was an average of $9.05 billion, according to Refinitiv IBES data. “We believe that demand has weakened considerably and we've seen that even in the areas that have been significantly constrained," Nikolay Todorov, analyst at Longbow Research, said.
Memory-chip maker Micron Technology badly missed estimates with its guidance for the current quarter. MU stock fell on the news.
The current market conditions – the NASDAQ is down 29% year-to-date, and the S&P 500 is down 21% – offer bargain hunters a target-rich environment. Plenty of sound stocks have seen their prices decline, pulled down by the general market headwinds and the overall stock trend, to levels that have left them too cheap to ignore. At this level, investors can find the benefits of cheap stocks, which offer both learning opportunities and strong upside potential. However, in evaluating stocks to buy, it
Shares of Amazon (NASDAQ: AMZN), Apple (NASDAQ: AAPL), and Nvidia (NASDAQ: NVDA) were all falling this morning after the Commerce Department reported its latest inflation figures, which showed inflation remains persistently high. The report said that the core personal consumption expenditures index rose 4.7% in May, only slightly less than expected and still a four-decade high. Technology investors have been watching inflation figures very closely, and with today's report, Amazon plunged 3.5%, Apple fell 2.4%, and Nvidia dropped 2.2%.
After benefiting from years of outsize gains, many companies have turned to stock splits to make shares appear more affordable. Stock splits do not directly add to shareholder wealth. This increased interest could give an added boost to Amazon (NASDAQ: AMZN), DexCom (NASDAQ: DXCM), and Shopify (NYSE: SHOP).
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Shares of Dutch Bros (NYSE: BROS) were tasting like a day-old cup of coffee in morning trading, with the stock falling 7.2% at 11:25 a.m. ET Thursday, though there was no company-specific news to drive the movement. The drive-thru coffee shop's stock fell sharply after the company released its earnings report in May over concern about inflation's impact on its business. Over a quarter of the coffee slinger's shares outstanding are sold short as of the latest report in June, and meme-stock traders are known to favor such situations in hopes of triggering a short squeeze by piling into the stock.
Advanced Micro Devices is declining to new 52-week lows and is now down 54% from its all-time high just just seven months ago. For now, Micron's earnings report after the close remains a bit of a wildcard for semi-stock investors, as it sits on a critical support level. Regarding AMD stock specifically, the valuation has been pummeled, as the stock price has been more than halved while earnings estimates remain steady — at least so far.
Memory-chip maker Micron said fiscal-fourth-quarter results will come up short. Demand for PCs and smartphones is softening, which could hurt prices for DRAM and NAND chips.
The ailing market bounced off lows but still fell solidly. Micron gave grim guidance. Tesla EV rivals report June sales Friday.
In this article, we will be taking a look at 10 extreme dividend stocks with upside potential. To skip our detailed analysis of dividend investing, you can go directly to see the 5 Extreme Dividend Stocks with Upside Potential. Dividend investing has been an attractive prospect for individual investors and hedge funds alike for many years. […]
Nio (NYSE: NIO) stock is down this week after a short-seller attack. In Nio's case, Grizzly Research alleges the electric vehicle (EV) manufacturer used an "audacious scheme" to inflate its revenue and profitability, even likening it to the Valeant Pharmaceuticals scandal in which the company was found guilty of using related-party transactions to boost sales. The third party that Grizzly Research is referring to is linked to Nio's popular battery program, which is a major competitive advantage.
A couple of stocks that I would be very cautious with right now are Novavax (NASDAQ: NVAX) and Rivian Automotive (NASDAQ: RIVN). Novavax's COVID-19 vaccine is approved for use in many countries, with Taiwan being the latest (on June 23) to grant it Emergency Use Authorization (EUA).
In this article, we discuss Cathie Wood’s latest thoughts on inflation and her 10 worst-performing stock picks. If you want to read about some more stocks in the Wood portfolio, go directly to Cathie Wood’s Latest Thoughts on Inflation and Her 5 Worst-Performing Stock Picks. Cathie Wood of ARK Investment Management has come under fire […]
The security software company is nearing GAAP profitability, Morgan Stanley predicts. Inclusion in the S&P 500 could follow.
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