Micron Technology Inc. reported adjusted revenue of $4.73 billion, surpassing the estimated $4.54 billion, and posted a smaller-than-expected adjusted operating loss of $955 million against the forecasted $1.05 billion loss. The company also reported a GAAP net loss of $1.23 billion and a non-GAAP net loss of $1.05 billion. The strong revenue forecast for the current period is attributed to increased data center demand, which is compensating for weaker orders from PC and smartphone customers. Micron's stock rose premarket as analysts from Wolfe Research, UBS, Stifel, Deutsche Bank, and Citi raised their target prices. Meanwhile, CarMax Inc. reported mixed third-quarter results with net revenues of $6.1 billion, a 5.5% decrease from the previous year, but exceeded Wall Street expectations with strong pricing, cost cuts, and growth in wholesale vehicle sales. CarMax's earnings per share of $0.52 beat expectations, despite a 2.9% decrease in retail used unit sales and a 4.1% decline in comparable store used unit sales. CarMax's stock saw gains following the announcement of resumed share repurchases and an earnings per share beat. In the broader market, shares of chipmakers rose after Micron's positive revenue forecast, with NVIDIA, Advanced Micro Devices, Qualcomm, and Intel all seeing premarket increases.
Thursday Option Volumes $SPY 8.206m (48% call/52% put) $QQQ 3.602m (41% call/59% put) $TSLA 2.040m (56% call/44% put) $AAPL 923k (63% call/37% put) $IWM 894k (49% call/51% put) $NVDA 819k (60% call/40% put) $MARA 573k (68% call/32% put) #options #trading #calls #puts
$estc $docu $mu trifecta calls https://t.co/y5Kdus92jb
Traders are excited as $MU and $NVDA near a potential deal and the #UOA is ALREADY starting to hit! 🥵🥵🥵 @jonnajarian x @MXLESQ #options #trading https://t.co/VUuM7dA8SI
AI Pays Off For Micron Sooner Than Expected - The Rebel's Edge https://t.co/OLY0J5NfW6
Just as a reminder: $KMX -> Gross Margin: 10% Operating Margin: 1.3% This is the BRUTAL reality of the Used Car business! And they sell 14% online, source 80% from consumers... Max cost efficiency! $CVNA $CACC https://t.co/6Ew33QsUCi
CarMax quarterly profit overtakes estimates on cost cuts https://t.co/U4bPf9bhrr https://t.co/DbYqdkOyf5
Micron shares surge post earnings on the back of higher prices. It’s our #ChartoftheDay. The Investment Committee debates the bet on chips with our very own @KristinaParts. $MU $NVDA https://t.co/FMjR21rYYi
$MU | Micron Technology Guidance Reflects Strong Pricing Rebound: 10 Analysts Deep Dive Into Q1 Earnings https://t.co/A110VvoyHq
$MU CEO Sanjay Mehrotra tells @JimCramer that he expects demand to continue to grow. "This is not a one-quarter phenomenon" https://t.co/l9mnXHd5De
After reporting a Q2 earnings beat, $MU CEO Sanjay Mehrotra joins the show to discuss Generative AI demand and the outlook for the company. https://t.co/qvogsEzrog
Updated numbers: $MU: 🟢6% $AMD: 🟢2% $MARA: 🟢6% $HUT: 🟢6% $RIOT: 🟢2% $CLSK: 🟢5% $LTHM: Even #stocks #options #trading https://t.co/hT2RTTJq0k
$KMX CarMax Inc.’s third-quarter results exceeded Wall Street expectations on strong pricing and cost cuts, along with growth in wholesale vehicle sales. Missed on sales and worried about affordability for a consumer CarMax on Thursday posted adjusted earnings per share of 52…
CarMax Inc.’s third-quarter results exceeded Wall Street expectations on strong pricing and cost cuts, along with growth in wholesale vehicle sales. Missed on sales and worried about affordability for a consumer CarMax on Thursday posted adjusted earnings per share of 52 cents,…
CarMax doubles Q3 profit even as cars are a tough sell; Wall Street's happy https://t.co/IR5mDsWEdv
$MU forecasts better chip demand in 2024. Stock jumps. Commentary: Seems like executives are doing a little window dressing into year end, trying to give the stock a boost. The amount of times an end of year forecast has been correct....not a great history. $SMH $NVDA $AMD
$NVDA $AMD $QCOM $INTC 🔸 SHARES OF CHIPMAKERS RISE AFTER PEER MICRON TECHNOLOGY FORECASTS Q2 REV ABOVE ESTIMATES 🔸 NVIDIA SHARES UP 1.6%, ADVANCED MICRO DEVICES SHARES GAIN 1.7%, QUALCOMM SHARES UP 0.5%, INTEL SHARES UP 1%
$MU up 9% after all that bull flow into the report https://t.co/vkCRdXKjuV
CarMax $KMX has gained over 12% this morning as the company resumed share repurchases after a year! Q3 results came in mixed, with an EPS beat. What lies ahead for the stock?? #stocks #stockmarket https://t.co/uRdilkJ5oY
$MU (+7.5% pre) Micron shares advance on ‘better-than-anticipated’ results, strong guidance - MW https://t.co/HPYl9OIcqK
⏱️60 Seconds Micron $MU $AMD Moving.#UOA at $74, now up 6% at $83.30 #BTC Digital stocks $CMX $MARA $HUT $RIOT $CLSK $LTHM Tune in at 1 p.m. Rebel Edge 🏴☠️#Stocktowatch #options #MarketUpdate #TechStocks #DigitalAssets #PuertoRico https://t.co/Ri6qDuLgkc
$KMX (+8.8% pre) CarMax's stock jumps after profit beat expectations, while sales fell short - MW https://t.co/5apzh2b6QA
Micron shares jump on forecast for quicker recovery in chip demand https://t.co/DFc24HIlRP https://t.co/n42Y39LX8M
Wall Street calls Micron earnings an 'early Christmas present,' Goldman sees 20% upside https://t.co/eZZDqziGns
DRAM sales surge shows Micron recovery strengthening https://t.co/os6OdxR7cv
CarMax’s third-quarter results exceeded Wall Street expectations on strong pricing and cost cuts https://t.co/U0FIc6DWrq
$KMX Earnings: - Net revenues were $6.1 billion, down 5.5% compared with the prior year third quarter. - Net earnings per diluted share of $0.52 versus $0.24 a year ago. - Retail used unit sales decreased 2.9% and comparable store used unit sales declined 4.1% from the prior… https://t.co/toYe8n34o2
Hard to make longer term predictions in this space but $mu feels like a stock that will consistently be over $100 for majority of next 18 months.
$MU +5.50% premkt 🔸 $MU: Wolfe Research Raises target price to $100 from $80 🔸 $MU: UBS Raises target price to $95 from $90 🔸 $MU: Stifel Raises target price to $80 from $76 🔸 $MU: Deutsche Bank Raises target price to $90 from $85 🔸 $MU: Citi Raises target price to $95 from…
Micron Gives Strong Forecast After Data Center Demand Grows https://t.co/TKZRdGlUH3
$MU $NVDA $AMD $QCOM $INTC 🔸 SHARES OF CHIPMAKERS RISE PREMARKET AFTER PEER MICRON TECHNOLOGY FORECASTS Q2 REV ABOVE ESTIMATES 🔸 NVIDIA SHARES UP 1.3%, ADVANCED MICRO DEVICES UP 0.9%, QUALCOMM UP 1.1%, INTEL UP 0.9% PREMARKET
Micron’s AI Potential Has Wall Street Buzzing. The Stock Rises. https://t.co/GjRvwtssVt
WOW Not good for the Used Car market. NADA is used as baseline to estimate value -> Often Used for LTV calculations!! $CVNA $KMX $CACC💣💣 https://t.co/oAn54hyrfm
6.5% drop in used car inventory prices is painful for any dealership or car rental co $KMX $CVNA $HTZ https://t.co/BLzdv9KNuZ
6.5% drop in used car inventory is painful for any dealership or car rental co $KMX $CVNA $HTZ https://t.co/BLzdv9KNuZ
$MU is at a “very early stage” of growth driven by generative AI. @KristinaParts reports. https://t.co/0UCcRwPJ8P
Countdown to Nike earnings! The sportwear maker set to report tomorrow after the bell. BMO's Simeon Siegel on what he's expecting to hear and what the report could signal about the consumer. $NKE https://t.co/gWZtMidEAr
$MU "showed that it's executing well, burning off inventory not only in customers but also inside of their own manufacturing facilities," Moor Insights & Strategy CEO @PatrickMoorhead says on the semiconductor manufacturing company's Q1 earnings. https://t.co/ZxJEMzDVDC
Micron gave a strong revenue forecast for the current period, indicating that data center demand helped make up for sluggish orders from PC and smartphone customers https://t.co/4gkzBbg8o1
$MU Earnings: - Adj. Rev. $4.73B (Est. $4.54B) - Adj. Oper Loss $955M (Est. Loss $1.05B) https://t.co/E9SOE2vkCK
$MU Earnings: - Revenue of $4.73 billion versus $4.01 billion for the prior quarter and $4.09 billion for the same period last year - GAAP net loss of $1.23 billion, or $1.12 per diluted share - Non-GAAP net loss of $1.05 billion, or $0.95 per diluted share - Operating cash flow… https://t.co/vnsIxshqpE
💰 Micron $MU EPS. vs Forecast -0.95 / -1.01 🟢 Rev. vs Forecast 4.73B / 4.55B 🟢 Market Cap: 87.21B
Micron $MU reports after the close. Options have about 5% expected move. (About $4 in either direction) That's about mid of the recent report moves of +4.4%, -4.1%, +7.2% and -3.4%. more here: https://t.co/myYW5kEhXT https://t.co/XE3JUKBTqA
CarMax and Cintas report earnings before the bell tomorrow. Shareholders @terranovajoe and @Karen_Firestone share what they're watching. #TheSetup $KMX $CTAS https://t.co/jn5kDa2FWA
Used car volume falling... was up in 21 and 22. $CVNA https://t.co/EewUBl1M61