By Nigam Arora & Dr. Natasha Arora
Last week The Arora Report made an important call. We wrote,
Both 5G and electric cars have been driving up the demand for semiconductor memory. However, the recent indications are that in the short term, the demand is weakening. With weakening demand in the short term, prices of DRAM and NAND are flattening. This could have an adverse impact on the earnings of Micron (MU).
This call was unpopular. At least one industry insider wrote that we were COMPLETELY wrong.
Now The Arora Report has been proven spot on. Micron is lowering its earnings guidance. For Q1 the consensus was $2.61. MU is guiding $2.00 – $2.20. In the aftermarket, at first, the stock dropped to $68 after release of earnings. The stock had closed at $73.10 after having traded as high as $74.99.
Wall Street is coming to MU’s defense. The momo crowd is aggressively buying the dip.
There is no change in our prior call at this time. A buy signal is likely to be issued and a new signal to start a Trade Around position is also likely if the stock drops further. Stay tuned to the Real Time Feed.
For your reference, please click here to read the prior post that contains the prior post
To take a free 30-day trial to paid services to gain access to more opportunities, please click here.
This post was just published on ZYX Buy Change Alert.
Markets can generate substantial wealth for knowledgeable investors. NOW YOU TOO CAN ALSO SPECTACULARLY SUCCEED AT MEETING YOUR GOALS WITH THE HELP OF THE ARORA REPORT. You are receiving less than 2% of the content from our paid services. …TO RECEIVE REMAINING 98% INCLUDING MANY ATTRACTIVE INVESTMENT OPPORTUNITIES,
TAKE A FREE TRIAL TO PAID SERVICES.
Please click here to take advantage of a FREE 30 day trial.
Nigam Arora
Nigam Arora is known for his accurate stock market calls. Nigam is a distinguished master of the macro. He is a popular columnist with over 100 million page views, an engineer, and nuclear physicist by background. Nigam has founded two Inc. 500 fastest growing companies and has been involved in over 50 entrepreneurial ventures. He is the developer of Theory ZYX of Successful Change Management and is the author of the book on Theory ZYX, as well as the developer of the ZYX Change Method for Investing.
Dr. Natasha Arora
Dr. Natasha Arora has significant expertise in investment analysis especially biotech, healthcare, and technology. Natasha is a graduate of Harvard Medical School followed by a postdoc at MIT. She has published several peer reviewed research papers in top science journals.
