Did it yesterday too. They're supposed to have an update on their P3 in August.
Quote:
Jon Najarian of investitute.com highlighting unusual CALL activity (>8000 July $34s) in Sea Ltd. $SE currently +5.7% at $34.15. @jonnajarian
oldarmy1 said:
SOLD SPY for a double. WEEEEEE FRIDAY
Quote:
J.P. Morgan cuts its Micron (NASDAQ:MU) price target from $64 to $50 and maintains an Overweight rating.
The firm expects the U.S. actions against Huawei to weigh on Micron for the rest of the year. Huawei accounted for 13% of H1 sales.
J.P. Morgan lowers its 2019 EPS estimates from $6.19 to $5.64 (consensus: $6.22).
Note that the analyst note came out before the U.S. added five more Chinese firms to the blacklist with Huawei.
Micron shares are down 3.84% to $32.84.
MU has an Outperform Sell Side rating.
That report about the 5 Chinese companies is taking AMD down as well.leoj said:Quote:
J.P. Morgan cuts its Micron (NASDAQ:MU) price target from $64 to $50 and maintains an Overweight rating.
The firm expects the U.S. actions against Huawei to weigh on Micron for the rest of the year. Huawei accounted for 13% of H1 sales.
J.P. Morgan lowers its 2019 EPS estimates from $6.19 to $5.64 (consensus: $6.22).
Note that the analyst note came out before the U.S. added five more Chinese firms to the blacklist with Huawei.
Micron shares are down 3.84% to $32.84.
MU has an Outperform Sell Side rating.
I think it's really interesting that MU continues to slide but a stock like LRCX is still going pretty strong
oldarmy1 said:
OSTK might be an afterhours shot. Cap on it so no options flood paid.
oldarmy1 said:
Bitcoin broke $10k. Could be a perfect storm for OSTK. Would rather be lucky than good...
Quote:
Micron could lose money by year-end, says Citi
8:30 am ET June 24, 2019 (MarketWatch)
Share
Citi Research analyst Christopher Danely wrote Monday that Micron Technology Inc. (MU) could lose money by the end of the year "given how bad the DRAM environment is." While the last two DRAM downturns lasted six to eight quarters, the current downturn has only been going on for three quarters, Danely wrote. "On the bright side, we believe that the stock is close to a bottom, so long-term investors could nibble away at it," he said. Danely, who has a sell rating on the shares, argued that the company's Tuesday afternoon earnings report "should be fugly" as he expects that Micron will fall short of its outlook due to DRAM challenges. Micron's stock is down 0.3% in premarket trading Monday. It's gained 4.8% so far this year, as the S&P 500 has risen 18%.