In the last year, AMD has been the clear winner between the two names. It has almost doubled, while Micron has shed 22%. But Piper Jaffray's Craig Johnson and Joule Financial's Quint Tatro agree it's Micron's time to shine."Trading Nation,"
"Looks like the stock has made a double bottom. It's poised to break out and reverse that longer-term downtrend," he said. Johnson is closely watching the $45 line, which has provided resistance in the past, and he believes that if the stock breaks above it, investors will come aboard. The stock was trading around that level in Friday's premarket."Micron suffered a double whammy. Not only did it go down with the DRAM pricing glut, but ultimately 50% of Micron's revenue is from China, so it's extremely susceptible to headline risk," he said.
The semiconductor stocks have been caught squarely in the trade war crosshairs and is especially sensitive to U.S.-China relations. The, which tracks some of the biggest names in the space, has whipsawed back and forth based on any whiff of progress in negotiations — or lack thereof.
Nous avons résumé cette actualité afin que vous puissiez la lire rapidement. Si l'actualité vous intéresse, vous pouvez lire le texte intégral ici. Lire la suite:
France Dernières Nouvelles, France Actualités
Similar News:Vous pouvez également lire des articles d'actualité similaires à celui-ci que nous avons collectés auprès d'autres sources d'information.
Tesla's 'roller-coaster' year has shown why it needs to be more like a traditional car company in order to have long-term successThe first six months of 2019 demonstrated the limits of Tesla's ability to create optimism through big promises and unconventional decisions. You mean like take muilti billion dollar bailouts and not pay them back?
La source: BusinessInsider - 🏆 729. / 51 Lire la suite »
Why these pricey growth stocks are worth keeping, says UBSOur call of the day takes a look at the popular segment of stocks referred to as growth. We are reaching a point where some of those may start to...
La source: MarketWatch - 🏆 3. / 97 Lire la suite »
European banking stocks are ready for a rebound, Barclays strategists saysEuropean banks are finally showing signs of recovery and investors should be looking to reduce their bearish positioning in the beleaguered sector, according to Barclays strategists.
La source: CNBC - 🏆 12. / 72 Lire la suite »
Market needs a deep rate cut to prevent an earnings recession, James Bianco saysMarket researcher James Bianco believes it's crucial to get a half point cut at the next Federal Reserve meeting. TradingNation TradingNation Oh yes, deep rate cut to keep the bloated wall st going so his and his super wealthy keep maximizing their highway robbery. That way, their trump stays in white house to give them even more, geez TradingNation Stop printing our money and propping up the market. Let rates rise and clear out the excess and zombie corporations. bassackwards
La source: CNBC - 🏆 12. / 72 Lire la suite »
It's not a time to run away from the market, says portfolio managerSarat Sethi, managing partner and portfolio manager at Douglas Lane, and CNBC's michaelsantoli join SquawkCNBC to discuss where the market's heading as earnings season presses on. michaelsantoli SquawkCNBC 👍
La source: CNBC - 🏆 12. / 72 Lire la suite »