EARLY MOVERS: Darden Restaurants shares take off after earnings beat and Tilray still making waves
Also in the frame before the New York bell was Thor Industries and Micron Technology, which report after the close
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NASDAQ:MU
Micron Technology Inc is an industry leader in innovative memory and storage solutions transforming how the world uses information to enrich life for all. With a relentless focus on its customers, technology leadership, and manufacturing and operational excellence, Micron delivers a rich portfolio of high-performance DRAM, NAND and NOR memory and storage products through our Micron ® and Crucial ® brands.
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Also in the frame before the New York bell was Thor Industries and Micron Technology, which report after the close
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The analysts turned negative as memory downturns usually 'last for several quarters’ and can spur an acceleration in price declines
Also in focus in pre-market deals is Bausch Health Cos Inc, formerly Valeant, and Gilead Sciences
Hardware & electrical equipment
Baird analyst Tristan Gerra says DRAM pricing is set to hit a peak in 3Q while the oversupply of NAND flash chips is worsening
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Micron’s memory chips are used to store information, in comparison to micro-processor chips which provide computing power
Hardware & electrical equipment
Tristan Gerra of Baird Equity Research reiterated his Outperform rating on the US chipmaker and has it tagged with a US$100 price target
Exxon Mobil and Chevron are pushing up the Dow on the back of rising oil prices
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The chipmaker surpassed Wall Street estimates for revenue and earnings
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Maxim Group is reiterating its Outperform rating and a US$100 price on the shares
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The chip maker is authorizing the repurchase of US$10bn of common stock
Kohl's Corp and the New York Stock Exchange are also in focus before the bell
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The chip maker's earnings for the fiscal third quarter look set to shoot into the range of $3.12 to $3.16
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Retailer Macy's Inc and Micron Technology Inc are also in focus before the New York bell
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The UBS research note on Micron cites 'big estimate cuts'
Spending bill signed by Trump failed to lift market sentiment
After a sharp plunge in the markets on Thursday, Proactive takes a pre-market peek into the movers and shakers in New York
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"Micron executed exceptionally well in the second quarter, delivering record results and strong free cash flow driven by broad-based demand for our memory and storage solutions”
A look at the US and Canada markets on the day - March 12
Hardware & electrical equipment
In a Christmas Day report, the Economic News Daily said sources had told it that one supplier, Hon Hai has frozen some hiring at one factory
At the close, the Dow Jones Industrial Average was 7.85 points lower at 24,746.21, while the broader S&P 500 lost 2.84 points at 2,680.50, and the tech-laden Nasdaq Composite Index shed 23.71 points at 6,936.25