Nike, Micron And 3 Stocks To Watch Heading Into Thursday
With U.S. stock futures trading lower this morning on Thursday, some of the stocks that may grab investor focus today are as follows:Wall Street expects Walgreens Boots Alliance, Inc. (NASDAQ:WBA) to
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Micron Technology, Amazon, BlackBerry, Nike, Tesla: Why These 5 Stocks Are On Investors' Radars Today
Major U.S. indices closed positively, with the Dow Jones Industrial Average edging up by 0.04% to 39,127.80, and the S&P 500 rising nearly 0.2% to 5,477.90. The Nasdaq also finished Wednesday's regula
After-hours fell nearly 8%! Micron delivers an "above average" financial report, with HBM expected to rise in price.
Even if Micron turns in a 'slightly above average' report, it still cannot meet investors' expectations. This has also caused the company's stock price to fall nearly 8% after-hours. Additionally, this financial report also shows two major growth constraints that Micron currently faces: on the one hand, HBM chip production capacity is difficult to further boost in the short term; at the same time, chip demand in traditional markets such as PCs and smart phones remains sluggish.
Futu Morning News | Nvidia's shareholders' meeting held! Next target will be industrial robot market; Amazon rose nearly 4%, with a market cap breaking through $2 trillion for the first time.
The Japanese yen fell below the 160 mark, reaching a record low since 1986; Micron fell over 7% after-hours, with better-than-expected results but unimpressive guidance for the next quarter.
U.S. stocks close | S&P 500 rises for two consecutive days, Amazon up nearly 4%, with a market cap exceeding $2 trillion; shareholder meetings could not reverse the decline, and Nvidia barely closed up.
The Dow Jones Industrial Average closed slightly higher, still hovering near its weekly low, while the seven sisters of American technology stocks rose together, with Tesla up nearly 5%; Micron's financial report is bullish but the guidance is not enough to surprise, and it fell more than 9% after hours; China concept stocks index is hovering near a ten-week low, with NIO Inc. up more than 6%.
Micron Technology's third-quarter report exceeded expectations, but next quarter's guidance was not optimistic enough. After the market closed, the stock fell more than 9% at one point.
Some comments suggest that the company's guidance for the next fiscal quarter's is only "in line with market expectations", which is far from enough. Wall Street's expectations for the AI business were too high before the financial report was released. The company reiterated its strong pricing power and will continue to raise prices in 2024. The orders for high-bandwidth memory chips for AI servers have been sold out until 2025, but capital expenditures will be significantly increased next year due to the uncertainty of industry and retail demand. The company admits that its smart phone and personal computer markets are still weak.
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Benzinga Market Summary: Micron And Levi Fall On Quarterly Earnings, Seeing Reports Of Unrest In Bolivia Capital
Benzinga Market Summary: Micron And Levi Fall On Quarterly Earnings, Seeing Reports Of Unrest In Bolivia Capital
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Micron Sees Q4 Adj. EPS $1.00-$1.16 Vs $1.05 Est., Revenue $7.4-$7.8B Vs $7.6B Est.
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Wall Street Wavers, Nvidia Resumes Losses, Tesla Eyes 4-Month High Close, Amazon Hits $2 Trillion Value: What's Driving Markets Wednesday?
Wall Street experienced a mixed session on Wednesday, as investors adopted a cautious stance following Tuesday's gains while awaiting key economic data releases later this week, including the Fed's pr