Micron: Strong Earnings, Stock Down
"Micron, let's be honest, they're going to blow away earnings estimates and revenue numbers. They're going to come out and raise guidance, but that doesn't mean the stock is going to go up. Margins are going to be key."
ℹ️ In shortGareth Soloway predicts Micron will report excellent financial results, but warns the stock price might not rise due to margin concerns.
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… All right, let's get into the charts right now and see what we have. We take a look at the NASDAQ. Take a look. It's only up 0 .4 % today, so a very weak bounce. Now, a lot of this is because you have names like Micron, which had a huge fall of 13 % and are trading down even more today. Now, Micron has earnings today, right? So the key is this. Micron, let's be honest, they're going to blow away earnings estimates and revenue numbers. They're going to come out and raise guidance, but that doesn't mean the stock is going to go up. Margins are going. guidance, but that doesn't mean the stock is going to go up. Margins are going to be key. And this is the very important point here before the SK Hynix discussion that I'm going to have with you guys. So if we go back here, CBRS, Cerebris, I should say, these guys broke down after reporting earnings. Now, they literally make semiconductor chips that include …
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