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
Trading 50% off its highs, it will be important to see Micron’s demand outlook for semiconductor memory solutions.
The Barbecue Capital of Texas is poised to explode. Lockhart — a city 35 miles south of Austin that is known for its smoked meat, picturesque county courthouse, agriculture and small town Texas charm — is bracing for an industrial boom. Multiple billion-dollar projects are circling the region, including a potential factory for semiconductor maker Micron. But even if Micron doesn’t pick Caldwell County, growth in this corner of Central Texas looks inevitable.
J.P. Morgan analyst Harlan Sur reiterated an Overweight rating on Micron stock. He lowered his price target to $65, but that still implies about 28% upside.
Micron Technology’s (MU) Q4 performance is likely to have been negatively impacted by the weak demand for memory chips.
Markets are on the rise Tuesday morning, but investors will watch two key companies closely this week.
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