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This is a dedicated price action analysis of Micron stock. We discuss the critical levels investors should watch, providing them more clarity in their decision-making. We cautioned investors in our previous article that more headwinds were on the horizon. Consequently, the market has ...
The S&P Global Sector PMI™ revealed that Automobiles & Auto Parts sector output contracted worldwide for a second successive month amid the sharpest reduction in new orders since the COVID-19 pandemic and renewed supply disruptions linked to the pandemic and Russia-Ukraine ...
We move Micron stock to a hold/neutral because the weaker consumer market will reduce data center and enterprise demand in the coming quarters. We continue to see further weakness in the consumer PC and smartphone markets as inflation takes a toll on people's finances. We expect m...
Semiconductor manufacturing ran in boom and bust cycles correlated with global GDP growth. Semiconductors have become nearly ubiquitous, a key component in numerous industrial applications, leaving the industry far less vulnerable to single retail end markets. Less cyclically sens...
Buying VMW today is equivalent to buying AVGO at the free cash flow yield of 8.5% provided the merger gets closed. It is an attractive valuation on both a historic and absolute basis. When a similar valuation was available last time, AVGO generated a 33% return over the next year. ...
Despite Micron having a very low P/E ratio relative to its peers given a high growth rate of 22.26%, Micron has never reached our Strong Buy price targets. We determined that the market might be pricing in a discount for cyclicity (Molodovsky Effect) into Micron's stock price. How...
Micron's stock may be at risk of falling further head into July. DRAM prices are slipping and second half contractual prices are in question. This is leading some traders to bet on the stock falling to $60 or lower. For further details see: Micron's Stock May Experience ...
After reaching growth of 26.2% in 2021, World Semiconductor Trade Statistics or WSTS expects global semiconductor market to rise 16.3% in 2022, with a forecast of $646B. Asia Pacific, is expected to grow 13.9%; America 22.6%; Europe 20.8%, and Japan 12.6%. Forecasts strong chip demand for ano...
Priced at 7.2x FW pretax earnings, Micron is currently priced as a terminally stagnating business. Under such a valuation, it can already provide a handsome return even if it does according to Buffett’s 10xEBT rule. Plus, reality seems to be the exact opposite. There ar...
According to June 6 report of the Semiconductor Industry Association or SIA, global semiconductor industry sales were $50.9B in April 2022, a jump of 21.1% Y/Y; and 0.7% more than the March 2022. “Global semiconductor sales have increased by more than 20% on a year-to-year basis for 13...
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2024-05-21 06:14:00 ET Stock Traders Daily has produced this trading report using a proprietary method. This methodology seeks to optimize the entry and exit levels to maximize results and limit risk, and it is also applied to Index options, ETFs, and futures for our subscribers. This...
2024-05-01 11:44:00 ET Stock Traders Daily has produced this trading report using a proprietary method. This methodology seeks to optimize the entry and exit levels to maximize results and limit risk, and it is also applied to Index options, ETFs, and futures for our subscribers. This...
2024-03-12 17:44:00 ET Stock Traders Daily has produced this trading report using a proprietary method. This methodology seeks to optimize the entry and exit levels to maximize results and limit risk, and it is also applied to Index options, ETFs, and futures for our subscribers. This...