JUMP REPORT
| Avg Daily Volume: 26,967,267 Market Cap: 40.11B Sector: Technology Short Interest: None |
EARNINGS EXPECTATIONS:
THIS QTR: EPS: .37/share REV: 4,680/M
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LAST QTR: EPS: .47/share ACTUAL: .48/share (BEAT)
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NEXT QTR: EPS: .53/share REV: 4,870/M
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FULL YR: EPS: 2.24/share REV: 20,220/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: 58% OF THE TIME THEY BEAT ESTIMATES
PRIOR ‘JUMP ZONE’ MOVES (LAST 3 QTRS %) 4.24, -11.7, 15.08
EXPECTED JUMP MOVE: 10-12
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*** With market volatility at extremes during the coronavirus pandemic there is greater risk in trading these events which may not react as they would under normal market conditions. Please take extra caution before trading.
Links To Latest News and Headlines
Yahoo Finance’s Julie Hyman, Brian Cheung, and Brian Sozzi break down Intel’s latest earnings report.
Idaho-based Micron Technology, Inc. (MU) plans to invest more than $150 billion in memory manufacturing and R&D across the globe over the next ten years, according to a report published by StreetInsider.com. Shares of the company closed over 1% higher on Wednesday but lost 0.4% after-hours to end the day at $68.01. MU offers computer memory and computer data storage solutions like USB flash drives, flash memory and random-access memory. The President and CEO of Micron, Sanjay Mehrotra, said, “We
Micron (MU) intends to invest more than $150 billion over the next decade on R&D and boost manufacturing via capacity expansion at its existing plants and build new facilities in the United States.
Micron Technology Inc. (NASDAQ: MU), an Idaho-based microchip manufacturer with a big plant in Manassas, said Wednesday it would invest more than $150 billion over the next decade into its manufacturing and research. The company said the investment may include potential new factories in the U.S., but warned that domestic expansion is only appetizing if government funding and refundable tax credits are made available. Micron cited U.S. microchip manufacturing costs being 35% to 45% higher than “lower-cost markets” in its appeal for economic incentives.
Micron says it will spend more than $150 billion to build plants and for research and development over the next 10 years.
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