Ticker delayed 20 minutes
Avg Daily Volume: 19,498,948 Market Cap: 56.68B Sector: Technology Short Interest: None |
EARNINGS EXPECTATIONS:
THIS QTR: EPS: .47/share REV: 5,010/M
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LAST QTR: EPS: .49/share ACTUAL: .56/share (BEAT)
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NEXT QTR: EPS: .41/share REV: 4,718/M
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FULL YR: EPS: 2.43/share REV: 20,550/M
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*These are the base metrics we will be watching against the actual release numbers
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BEAT/MISS RECORD: 60% OF THE TIME THEY BEAT ESTIMATES
PRIOR ‘JUMP ZONE’ MOVES (LAST 3 QTRS %) -11.7, 15.08, 10.16
EXPECTED JUMP MOVE: 10-15
Links To Latest News and Headlines
Citi analyst Christopher Danely says chip stocks “are due for a pullback.” He’s cautious on the group, and has moved Micron stock to the front of the pack.
Compare it to the one against Didi Chuxing, one of the first examples of Beijing using this power. The government effectively left China’s ride-hailing champion to twist in the wind for more than a year after it went public in the US. The Micron investigation, on the other hand, was just launched in March.
(Bloomberg) — Two key Republican lawmakers are pressing the Biden administration to counter Beijing’s ban of US chipmaker Micron Technology Inc. by sanctioning a Chinese semiconductor company and ensuring that Japanese and South Korean firms don’t take advantage of the blockade.Most Read from BloombergOPEC+ Latest: Saudis Unveil Extra 1 Million Barrel CutOil Rises on Saudi Arabia’s Go-It-Alone July Production CutsMorgan Stanley Expects a Shock 16% US Profit Drop to Kill RallySaudi Shoulders Bur
The Republican chairmen of two House of Representatives panels on Friday urged President Joe Biden’s administration to rally U.S. allies including Japan and South Korea to defeat Chinese “economic aggression” in the wake of Beijing’s effective ban on purchases of Micron Technology memory chips. Michael McCaul, who heads the House Foreign Affairs Committee, and Mike Gallagher, chairman of the House select committee on the Chinese Communist Party, sent a letter to U.S. Commerce Secretary Gina Raimondo urging the administration to take action after China targeted the biggest U.S. memory chip maker.
Nova and Micron Technology have been highlighted as Zacks Bull and Bear of the Day.
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