Indices keep ignoring political issues in USA and holding all its gains, a sign of a very strong TAPE. Indices trading near high of the day in new record high territory.
S&P 500 @ 3195.96, high 3198.48, low 3191.66
Internals are positive.
Oil UP 8 cents
Gold Down $1.79
Canadian $ UP 55 tick @ .6897
VIX UP .16% @ 12.31
In my portfolio...bought MU @ $52.76
Portfolio CIEN LSCC MRVL MU MOMO TWTR
Most stocks are UP
@ 2.07 PM following are red :
LSCC MOMO HUYA TLRY JKS PHM CGC
CSIQ EXPE OLED ULTA KBH .....
After close MU is reporting, following are expected :
Sales Q 4 $5.01 billion, EPS 47 cents
Guidance Q 1 Sales $4.78 billion, EPS 41 cents
Expecting a beat and raised guidance!
BLOG does NOT give buy or sell.
Saleem
2 comments:
Hi Saleem,
Good luck with MU!
I worry about competition from China eventually eating into MU's profits. The new entrants there are ramping memory chip manufacturing, which was my thesis for ACMR (sold too soon!) Hopefully this quarter still fares well for MU though!
Stocktrader
Hi Stocktrader,
Thanks for your take on MU and its future.
Saleem
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