July 1, 2021

By Nigam Arora & Dr. Natasha Arora

Signal(s) to enter, add, reduce, exit, hold or change.

MU is long from $21.77. It is trading at $80.25 as of this writing. This represents a gain of 267%.

Earnings

MU reported earnings. Earnings are above consensus but below the whisper number.

Momo crowd had run up the stock going into earnings. After earnings, the stock is pulling back because earnings came below the whisper numbers.

Increasing Demand

MU is a producer of DRAM and NAND semiconductor memory. 5G and electric vehicles are increasing the demand for memory.

There are shortages of memory across all segments.… Please click here or the title below to read more.

July 1, 2021

By Nigam Arora & Dr. Natasha Arora

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

Buying Opportunity

Please click here for a chart of S&P 500 ETF (SPY) which represents the benchmark for the stock market index (SPX).

Note the following:

The chart shows two support zones.
Ideally, a stock market dip in the lower support zone will likely be a buying opportunity. Of course, it is important to pay attention to individual buy zones of stocks and ETFs. It is also important to pay attention to the Morning and Afternoon Capsules. The stock market is always changing.

July 1, 2021