December 4, 2020

MU: 5G, ELECTRIC VEHICLES AND AUTONOMOUS DRIVING WILL INCREASE DEMAND

Micron (MU) is long from $21.77. It is trading at $74.12 as of this writing.

MU is a producer of semiconductor memory. 5G, electric vehicles and autonomous driving will increase demand for memory.

Zones

Raising the very long term target zone $115 to $130.

The recommended position size for the core position is 25% of full core position size.

For those following the Good Way, the Buy Now rating will become a ‘YES’ on a pullback under $68.57.

For those following the Best Way, the new buy zones is $57 to $63.78.

What To Do Now

Those in the stock with a very long term horizon may consider continuing to hold.… Please click here or the title below to read more.

December 4, 2020

COUNTER INTUITIVE: STOCK MARKET LOVES THAT NEW HIRING HAS SLOWED

To gain an edge, this is what you need to know today.

Counter Intuitive

Please click here for a chart of Dow Jones Industrial Average ETF (DIA) that represent the popular stock market index Dow Jones Industrial Average (DJIA).

Note the following:

Serious investors ought to take a few minutes to study the chart.
The new report shows that hiring has slowed. November Nonfarm Payrolls came at 245K vs. 650K consensus. November Nonfarm Private Payrolls came at 344K vs. 450K consensus.
The employment numbers show a big miss.
To those with less experience, it seems counter intuitive that the stock market is loving the fact that Americans are having a harder time finding new jobs.

… Please click here or the title below to read more.

December 4, 2020