Tuesday | ||||
Recommendations
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Piper moves to 'more positive stance' on semiconductor stocks »
04:50 05/17/22 05/1704:50 05/17/2204:50
AMD
AMD
Akoustis
Analog Devices
Broadcom
II-VI
Marvell
Micron
Nvidia
ON Semiconductor
Qorvo
Qualcomm
Skyworks
Wolfspeed
Impinj
Piper Sandler analyst… Piper Sandler analyst Harsh Kumar is "moving to a more positive stance" on semiconductor stocks following a more cautious approach since the beginning of the year. The "investor estimate cut wish is mostly priced into stocks at current levels when using a historical average multiple," Kumar tells investors in a research note. The analyst believes semiconductor companies will see a normal slowdown compared to trade war and COVID uncertainty multiples. While we are not trying to call the bottom, we believe investors should be buying semiconductor stocks at current levels," contends Kumar. The analyst's top picks are AMD (AMD) which he upgraded this morning to Overweight, Qualcomm (QCOM), Marvell (MRVL), ON (ON) and Impinj (PI). ShowHide Related Items >><<
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Monday | ||||
Hot Stocks
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Tepper's Appaloosa buys two casinos in Q1, exits T-Mobile and GM »
16:13 05/16/22 05/1616:13 05/16/2216:13
LVS
Las Vegas Sands
Wynn Resorts
T-Mobile
General Motors
D.R. Horton
PulteGroup
CarMax
Alight
Uber
Amazon.com
Microsoft
Meta Platforms
Micron
PG&E
Macy's
Energy Select Sector SPDR
Alphabet
David Tepper's… David Tepper's Appaloosa Management disclosed in an SEC filing its holdings as of March 31, 2022. Appaloosa made two new buys during the Q1: 525,000 shares of Las Vegas Sands (LVS) and 225,000 shares of Wynn Resorts (WYNN). Appaloosa exited 12 positions during the quarter, including by size of previous position, T-Mobile (TMUS), General Motors (GM), D.R. Horton (DHI), PulteGroup (PHM), CarMax (KMX) and Alight (ALIT). Appaloosa increased its stake in three holdings: Uber (UBER), Amazon.com (AMZN) and Microsoft (MSFT). The fund reduced its stake in 26 holdings, including by size of previous position, Meta Platforms (FB), Micron (MU), PG&E (PCG), Macy's (M) and Energy Select Sector SPDR (XLE). Appaloosa's top holdings as of March 31, 2022, in order of size, were Alphabet (GOOG), Amazon.com, Meta Platforms, Macy's and Micron. ShowHide Related Items >><<
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Saturday | ||||
Periodicals
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Western Digital, Micron look 'impossibly' cheap, Barron's says »
10:02 05/14/22 05/1410:02 05/14/2210:02
WDC
Western Digital
Micron
Historically, companies… Historically, companies like Western Digital (WDC) and Micron Technology (MU), which make digital storage, have been lousy investments but, at a time of nearly unprecedented tech stock volatility, investors should now buy them both, Eric J. Savitz writes in this week's edition of Barron's. Micron is one of the market's cheapest stocks on a price/earnings basis-it trades at about five times projected profits for the next 12 months. Meanwhile, Western Digital trades for six times profits for the same period. That makes it the second-cheapest tech stock, the author notes. These are more than cheap stocks, though, and both companies have radically different end markets than they did just five years ago-their close ties to the PC market are fading, the publication adds. Reference Link ShowHide Related Items >><<
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Over a week ago | ||||
Recommendations
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Evercore reiterates Outperform rating, $90 target on Micron after analyst day »
08:48 05/13/22 05/1308:48 05/13/2208:48
MU
Micron
Evercore ISI analyst C.J.… Evercore ISI analyst C.J. Muse reiterates his Outperform rating and $90 price target on Micron shares following the company's analyst day meeting. While he "can't say there were too many surprises," the event's biggest takeaways were that the memory industry is outgrowing the overall semiconductor industry, the players here are "acting in a highly disciplined manner" and Micron is executing very well, Muse said. The analyst, who argues that a lot of bad news is already embedded in Micron shares, believes a share price in the high $60's "represents a steal" for anyone with duration, he added. ShowHide Related Items >><<
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Recommendations
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Micron shares deserve rerating, says Wells Fargo »
07:18 05/13/22 05/1307:18 05/13/2207:18
MU
Micron
After attending… After attending Micron's investor day, Wells Fargo analyst Aaron Rakers said the company's presentations and his talks with management reinforce his belief that Micron should be considered "an $8/sh.+ thru-cycle EPS story" that deserves a long-term valuation rerating. Micron introduced a new cross-cycle financial model that includes high-single-digit revenue growth and about 30% operating margins, noted Rakers, who called out the announcement of a focus on moving toward Forward Pricing Agreements with customers as "a key highlight" of the event. Rakers has an Overweight rating and $115 price target on Micron shares. ShowHide Related Items >><<
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Recommendations
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Citi reiterates $120 price target on Micron after analsyt meeting »
06:25 05/13/22 05/1306:25 05/13/2206:25
MU
Micron
Citi analyst Christopher… Citi analyst Christopher Danely reiterates a Buy rating on Micron Technology with a $120 price target following the company's analyst meeting. Micron announced a long-term financial model with a high single-digit revenue growth and a 30% operating margin target, in line with its recent financial performance, Danely tells investors in a research note. The analyst believes the 30% normalized operating margins translates to roughly $7.75 in normalized/through-cycle earnings per share. Micron is one of the only stocks in Citi's coverage universe at mid-cycle margins with low exposure to excess inventory, says the analyst. ShowHide Related Items >><<
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Conference/Events
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Micron management to meet with UBS »
04:55 05/13/22 05/1304:55 05/13/2204:55
MU
Micron
Meeting with CFO Murphy… Meeting with CFO Murphy to be held in San Francisco on May 13 hosted by UBS. ShowHide Related Items >><<
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Hot Stocks
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Micron CEO: Our end markets are well diversified »
18:45 05/12/22 05/1218:45 05/12/2218:45
MU
Micron
In an interview on… In an interview on CNBC's Mad Money, Sanjay Mehrotra said demand trends are secular in Micron's end markets. He is confident in the company's demand drivers and its execution. Micron is number one in automotive and industrial IOT, he noted. The company is an "innovation powerhouse," with 50,000 patents, he added. Enterprise and desktop PCs continue to be a "healthy market" for Micron. ShowHide Related Items >><<
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Hot Stocks
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Micron to raise dividend to 11.5c from 10c per share »
14:12 05/12/22 05/1214:12 05/12/2214:12
MU
Micron
On May 12, at its… On May 12, at its Investor Day presentation, Micron Technology announced its intention to increase its quarterly dividend from 10c per share of outstanding company common stock to 11.5c per share of outstanding company common stock. ShowHide Related Items >><<
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Conference/Events
| Investor Day to be held… Investor Day to be held in San Francisco on May 12 at 11:30 am. Webcast Link ShowHide Related Items >><<
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