Option Millionaires

[uranium-pinto-beans]

$MU


JPMorgan analyst Harlan Sur expects Micron to report Q1 results next week near the high end of guidance on favorable pricing in NAND and DRAM. Although NAND spot prices have come off from early November highs, contract prices have been stable and DRAM prices have stayed elevated thus far in December, Sur tells investors in a pre-earnings research note. He believes, however, that Micron management may be conservative with its February quarter guidance, similar to the past few quarters. Sur thinks the company's fundamental environment remains positive and keeps an Overweight rating on the shares with a $55 price target