JUMP REPORT
MICRON TECHNOLOGIES (MU)
EARNINGS RELEASE - JUNE 29 (AMC)
EARNINGS EXPECTATIONS:
THIS QTR: EPS: .77/share REV: 5,310/M
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LAST QTR: EPS: .37/share ACTUAL: .45/share (BEAT)
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NEXT QTR: EPS: .81/share REV: 5,470/M
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FULL YR: EPS: 2.51/Share REV: 20,750/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: 59% OF THE TIME THEY BEAT ESTIMATES
PRIOR ‘JUMP ZONE’ MOVES (LAST 3 QTRS %) 7.64, 4.24, -11.7
EXPECTED JUMP MOVE: 7-9%
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*** With market volatility at extremes 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
Today’s video focuses on Micron Technology (NASDAQ: MU) and a closer look at what it sees in numerous tech industries. Unfortunately, most consumer markets are seeing a decline, but there is some good news.
Semiconductor equipment stocks struggled Friday after memory-chip maker Micron slashed its planned spending on new chip gear.
Micron Technology Inc. shares rose Friday after analysts agreed the forecast from the memory chip maker was not good but had different ideas about when oversupply in the market could be worked out of the system.
The stock market continued its decline after a key inflation report rose. Nike plunged after reporting excess inventory.
Micron stock is rallying after a weaker-than-expected revenue figure. Here’s how to trade it from here.
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Avg Daily Volume: 443,239 Market Cap: 3.44B
Sector: Services Short Interest: 2.7
Ticker delayed 20 minutes
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by Team Stockjumpers