Savvy Trades and Investments

[cliffvb]

MU That UBS analyst was an Apple analyst at Cowen. He should have stuck with his area of expertise. Samsung is reporting earnings on Friday and is also the largest Dram chip supplier. I expect they will also provide positive guidance on chips. Here are some comments on the coming report from another analyst:

Disciplined supply will mean the global memory chip market will remain tight throughout this year and help Samsung report record earnings, although profit growth is seen slowing to just 15 percent from last year’s blistering 83 percent.

“Although memory chip price growth is expected to slow down from last year’s boom, increased shipments and cost-cutting will fuel further profit growth in Samsung’s semiconductor business and lift profits to another record year,” said Lee Jae-yun, an analyst at Yuanta Securities Korea.

https://www.reuters.com/article/us-samsung-elec-results-preview/samsungs-first-quarter-profit-seen-at-13-7-billion-as-dram-chip-margins-soar-idUSKCN1HA2VG