MU News and Press, Micron Technology Inc. From 06/30/24

2024-06-30 12:32:54 ET Summary Micron (MU) dropped post-earnings, triggering a buy-on-weakness signal with SID Buy Signal and continued inclusion in our 2024MP Model Portfolio. MU outperforming Index trend, likely to attract portfolio managers adding to positions on pullback, iden...

2024-06-30 11:00:19 ET Summary The market has overreacted to MU's double beat FQ3'24 earnings call and promising FQ4'24 guidance, with the stock losing -16% of its value since the recent peak. It is apparent by now that the pulled forward rally over the past few quarters have not ...

2024-06-30 08:50:30 ET Summary Micron Technology is a major player in the memory chip market, benefiting from high-bandwidth memory demand for AI models. Micron's stock has surged in 2024, but valuation may be stretched, leading to a hold recommendation for investors. Micron's...

2024-06-30 05:21:00 ET I'm being facetious when I tell you to forget Nvidia (NASDAQ: NVDA) . After all, how can you ignore a stock that soared nearly tenfold in just 18 months and now has a $3.1 trillion market cap, which accounts for 6.7% of the entire S&P 500 index? Not to...

2024-06-29 14:45:00 ET We are just two weeks away from the second quarter earnings season, and the lull phase of the first quarter reporting is slowly coming to an end. In the last week of June, eight S&P companies disclosed their earnings. Here is a quick glance at the financial result...

2024-06-29 14:31:00 ET The S&P500 ( SP500 ) closed in the red on Friday, after an eventful week that saw companies including Micron Technology ( NASDAQ: MU ) and Nike ( NYSE: NKE ) posting quarterly results. The market also focused on inflation data and the first U.S...

2024-06-29 11:03:08 ET The stock indexes were mixed this week, as investors and traders assessed a string of economic data, with U.S. GDP growth revised up slightly to 1.4% in the U.S. Department of Commerce's final Q1 estimate.... Read the full article on Seeking Alpha For furt...

2024-06-29 08:30:00 ET Summary Micron stock has outperformed my expectations, driven by Nvidia's incredibly robust AI upcycle. Micron is keen to gain market share in HBM memory chips. Samsung is also expected to increase production significantly, subsequently increasing potent...

2024-06-28 13:36:42 ET More on S&P 500 Index: This Doesn't End Well The PCE Report Suggests Three Rate Cuts Starting In September PCE May 2024: Soft Spending, Low Inflation Supports Soft Landing Narrative Fed should ‘tee up’ rate cut after c...

2024-06-28 12:32:15 ET Summary Micron Technology, Inc.'s delivery of robust F3Q24 results were overshadowed by a weaker than expected guidance, underscoring limitations to its ability in matching resilient industry growth levels. A deeper dive into its revenue drivers during F3Q24...