People selling chip stocks seem to be captured by very short term thinking. These are some of the least expensive stocks in the market. A gift for those who want to retire. $mu $nvda $AVGO
.@J_B_Horne covers the latest on $MU, including the company's agreement with $F to supply memory and storage platforms, as well as Citi adding Micron to its "Upside 90-Day Catalyst Watch" list, while maintaining its "buy" rating and raising its price target to $1,400.
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What a week! Breadth is widening but semis and memory chips are getting hammered! Think it's over? Take a look at one of the memory chip leaders $MU, down another 5% today and below its 21-day EMA. When will buyers step in? Hard to tell, but a look at the #Fibs shows the retracement from the ATH to the mid-May lows already has journeyed 50%. The #RSI doesn't show oversold just yet, would need to get below 30 for that to occur, so next week will be a key test. Check out the chart below. Not a recommendation. @SchwabNetwork@SchwabTrading
Micron CEO tells @JimCramer on Mad Money: "certain customers drove prices significantly down in our industry" in 2023, pushing the industry to negative gross margins. He didn't name names. Comes as Apple lobbies Washington to keep China's CXMT off the Entity List. $MU $AAPL
Big day for Glass House farms and the California cannabis industry. The first to the @NYSE ! Today they uplist and American investors can finally invest in the growing US cannabis industry. I went to their investor meeting to find out what rescheduling means for them. $GLAS - @grahamfarrar@kylekazanceo@HammanShares
So Tim Cook will support the Chinese government, which is an enemy to the US, just so he can buy cheaper memory after jacking up prices anyways. Micron is a US company and deserves to profit, just as Apple has off of memory for a long time. Tim. Please go. Thanks. $AAPL