Trade Findings and Adjustments 09-26-2024
What’s going on in our market?
- FOMC rate decision came in with a .50 bp rate cut!
- Another 50bp cut on the horizon before end of year
- Market is responding positively as you would imagine
- Especially tech
Trades?
- MU still looks like the best opportunity for a bullish trade in a bullish market
MU is up 24.42 since we spoke about an entry @ $84.12. We added shares twice below $100 and added bull calls between 90-100 for people without shares
- Other tech’s look nice but haven’t sold off as much as MU and not as much upside
- GOOGL might be the other best option as it can get up to 190 previous high.
The Collar Trade Process = Make money on the way down to add more shares. Then the stock comes back up.
Make anything up on the way down to make more money on the way back up
THERE IS NO TIMETABLE !!!!!!!
MU has gone up 29% Plus we added roughly 30% more shares of stock to you are having a NET 60% return on your original investment!!!!!!!
Are you losing money on puts = YES this time we are
IS it worth it? YES because in the past we added 30% more shares of stock and let’s look net net today
Put losing = $93
Our stock is up big !!!!
Our calls are also up big
https://www.stockmaster.app/newsView.html?nid=7244358&ads=y
Micron Q4 Earnings: Revenue, EPS Beat On ‘Robust AI Demand,’ Company Sees ‘Significantly Improved’ Profit
Summary
- Micron Technology Inc reported strong fourth-quarter financial results, with revenue of $7.75 billion and adjusted earnings of $1.18 per share, beating analyst estimates.
- The company’s operating cash flow and adjusted free cash flow also showed significant improvement compared to the previous quarter and the same quarter last year.
- Micron’s CEO, Sanjay Mehrotra, highlighted the company’s strong performance in the data center and NAND markets, and expressed confidence in their competitive positioning for the future. The company also announced a quarterly cash dividend and provided guidance for the first quarter of fiscal 2025.
Micron Technology Inc MU reported fourth-quarter financial results after the market close on Wednesday. Here’s a look at the key metrics from the quarter.
Q4 Earnings: Micron reported fourth-quarter revenue of $7.75 billion, beating the consensus estimate of $7.635 billion. The company reported fourth-quarter adjusted earnings of $1.18 per share, beating analyst estimates of $1.13 per share, according to Benzinga Pro.
Operating cash flow came in at $3.41 billion versus $2.48 billion in the prior quarter and $249 million in the comparable quarter last year. Adjusted free cash flow was $323 million in the quarter. The company ended the quarter with $9.16 billion in cash, marketable investments and restricted cash.
“Micron delivered 93% year-over-year revenue growth in fiscal Q4, as robust AI demand drove a strong ramp of our data center DRAM products and our industry-leading high bandwidth memory. Our NAND revenue record was led by data center SSD sales, which exceeded $1 billion in quarterly revenue for the first time,” said Sanjay Mehrotra, president and CEO of Micron.
“We are entering fiscal 2025 with the best competitive positioning in Micron’s history. We forecast record revenue in fiscal Q1 and a substantial revenue record with significantly improved profitability in fiscal 2025.”
Micron noted that its board declared a quarterly cash dividend of $0.115 per share, payable on Oct. 23 to shareholders of record as of Oct. 7.
What’s Next: Micron sees first-quarter revenue of $8.7 billion, plus or minus $200 million. The company expects first-quarter adjusted earnings of $1.74 per share, plus or minus eight cents per share.
Micron management will hold a conference call to discuss these quarterly results at 4:30 p.m. ET.
MU Price Action: Micron shares were up 11.74% after hours, trading at $107.03 at the time of publication Wednesday, according to Benzinga Pro.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
