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cliffvb

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cliffvb

Re: researcher59 post# 48052

Tuesday, 05/01/2018 11:09:55 AM

Tuesday, May 01, 2018 11:09:55 AM

Post# of 117245
MU Encouraging to see it up now on another down market day. Semi and memory stocks have been having a rough go of it lately. Latest example is Seagate STX which announced an earnings beat, $1.46 vs $1.32 estimate and also a 5% revenue beat in fiscal Q3. Stock was up slightly in premarket but then boom, it's now down 10%. Reminds me of what happened to Intel last week.

Last week the market was worried about interest rates. It looks like the fear flavor this week is inflation which is drowning out all the earnings beats.
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