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Stock Market & Financial Investment News

News Breaks
December 20, 2012
15:06 EDTMUEarnings Preview: Micron looks to continue run, up 13% since last report
Micron (MU) is expected to report Q1 earnings after the close on Thursday, December 20, with a conference call scheduled for 4:30 pm ET. Micron manufactures semiconductor devices, principally Dynamic Random Access Memory, or DRAM, NAND Flash and NOR Flash memory... EXPECTATIONS: Analysts are looking for earnings per share of (20c) on revenue of $2.01B. The consensus range is (29c)-(3c) for EPS on revenue of $1.76B-$2.18B, according to First Call... LAST QUARTER: Micron suffered a Q4 loss that was worse than expected, reporting Q4 EPS (24c), compared to consensus of (22c). Q4 revenue also missed expectations at $1.96B, compared to consensus $2.12B. The company said sales of NAND Flash products were 12% lower in Q4 compared to Q3, due to an 11% decrease in sales volume. Also, Q4 DRAM sales were down 9% sequentially due to a 9% decrease in sales volume, while sales of NOR Flash products were approximately 12% of total net sales for Q4... RESEARCH AND REPORTS: Immediately following Micron's Q4 report, research firm RW Baird said Micron's valuation remained attractive and reiterated its Outperform rating and $10 price target. In recent days, DigiTimes, a news source focused on the semiconductor, electronics, computer and communications industries, reported that DRAM contract prices have increased 1%-2% in the first half of this month. DigiTimes also said NAND flash prices dropped 1%-2% in the first half of December... PRICE ACTION: Since the first day of trading after last quarter's report, shares of Micron have advanced about 13%. In late afternoon trading ahead of tonight's report, Micron is down 2c, or 0.29%, to $6.80.
News For MU From The Last 14 Days
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July 18, 2014
11:42 EDTMUAMD plummets after profit miss, analyst downgrades
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06:02 EDTMUDRAMeXchange: Global DRAM module sales grew 32% in 2013, DigiTimes says
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July 16, 2014
18:26 EDTMUOn The Fly: After Hours Movers
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13:44 EDTMUEarnings Preview: Stifel sees SanDisk results, guidance topping expectations
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06:20 EDTMUDRAM chip prices likely to increase 10% in July, DigiTimes reports
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July 15, 2014
11:07 EDTMUStocks with call strike movement; MU FB
Micron (MU) October 37 call option implied volatility increased 2% to 39, Facebook (FB) December 75 call option implied volatility increased 3% to 38 according to IVolatility.
July 14, 2014
13:29 EDTMUMicron conference call with management positive, says Sterne Agee
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July 9, 2014
11:30 EDTMUMicron shares defended at Sterne Agee
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10:36 EDTMUMicron trades lower, levels to watch
The shares were last down over 3% to $32.13 as the stock edges away from its recent 52-week high at $34.50. The 10-day moving average has been broken to the downside, last at $32.88 and now resistance. That break is short-term bearish for price. Next support below current levels is at $31.26, and then at the 30-day moving average last at $30.81.
09:40 EDTMUSamsung raisiing DRAM capacity, says Morgan Stanley
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09:35 EDTMUActive equity options trading on open
Active equity options trading on open according to Track Data: AAPL AA FB AMZN TSLA TWTR MU NFLX GG CELG
July 8, 2014
06:29 EDTMUSEMI predicts 21% increase in production equipment purchases in 2014, WSJ says
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06:09 EDTMUDRAM and NAND flash chip supplies to fall short of demand in 2H14, DigiTimes say
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