7 Stocks That Will Get a Boost From Their Brutal Layoffs 2023/04/05 20:39:32 InvestorPlace
Stocks that benefit from layoffs are the all-stars of 2023. Investors are cheering the “year of efficiency.” Although job cuts are highly unfortunate for those affected, companies cannot afford them. They “over-hired” staff on expectations that the post-pandemic growth would continue. Instead, trends changed, as did the economy. Investors may want to consider these seven companies that cut their staff costs. These firms removed the excess resources that added to their expenses. They identified projects that would not turn a profit. In addition, they reviewed their operating capabilities. This forced the firms to output at the same level with fewer staff. As a result, shareholders should expect profits to stop falling. AMZN Amazon $101.10 GOOG GOOGL Alphabet $104.95 LCID Lucid $7.70 META Meta Platforms $211.48 MSFT Microsoft $284.34 MU Micron $57.02 ZM Zoom Video $71.10 Stocks that Benefit from Layoffs: Amazon (AMZN) Source: Tada Images / Shutterstock.com Amazon (NASDAQ: AMZN ) announced it was cutting staff by 9,000 on Mar. 20, 2023 .
This Beaten-Down Nasdaq Stock Could Become the Next Big AI Play 2023/04/05 14:00:00 The Motley Fool
Investors looking for a cheap AI stock may want to take a closer look at Micron Technology.
The Economy May Be Weakening. Here’s What That Means for Interest Rate Hikes. 2023/04/05 10:31:00 Barron''s
Johnson & Johnson offers $8.9 billion talc settlement, Trump pleads not guilty at New York arraignment, Nvidia and Micron fall on China chip complaints, and other news to start your day.
Nvidia, Intel, Micron Fall After China Calls Foul on Japanese Chip Restrictions 2023/04/05 09:05:00 Barron''s
Japan was following the U.S. in preventing semiconductor manufacturing equipment from being sent to China.
Cybersecurity review of Micron is Beijing''s most significant stroke of retaliation against Washington: NYT 2023/04/05 07:55:32 Big News Network
Beijing [China], April 5 (ANI): Beijing has announced a cybersecurity review of Micron Technology, a top-tier US chipmaker, The New York Times reported. The measure, which many industry analysts had expected, is China''s most significant stroke of retaliation against Washington over its campaign to sever China''s access to high-end chips. When top Chinese officials held receptions for dozens of American and European busines
Micron Technology Inc. (NASDAQ:MU) Is Currently -72.82% Below Its 52-Week High, But Downside Potential Could Surprise You. 2023/01/07 19:00:00 Marketing Sentinel
In last trading session, Micron Technology Inc. (NASDAQ:MU) saw 21.06 million shares changing hands with its beta currently measuring 1.29. Company’s recent per share price level of $56.77 trading at $2.06 or 3.77% at ring of the bell on the day assigns it a market valuation of $62.78B. That closing price of MU’s stock is … Micron Technology Inc. (NASDAQ:MU) Is Currently -72.82% Below Its 52-Week High, But Downside Potential Could Surprise You. Read More »
Do you want to know where to find good stock? Take a look at Micron Technology Inc.’s (NASDAQ:MU) Sentiment Analysis 2023/01/06 20:08:00 US Post News
Currently, Micron Technology Inc.’s (MU) stock is trading at $55.37, marking a gain of 1.20% from last night’s close. At this price, the stock is -43.57% below its 52-week high of $98.11 and 14.32% above its 52-week low of $48.43. Based on the past 30-day period, the stock price is -5.04% below the high and […]
Samsung Profits Plunge 69% As Global Chip Demand In ''Full-Fledged Ice Age'' 2023/01/06 17:21:26 Zero Hedge
Samsung Profits Plunge 69% As Global Chip Demand In ''Full-Fledged Ice Age'' The world''s largest memory chipmaker recorded an operating profit decline of 69% for the three months that ended in December -- the worst drop in nearly a decade -- as the semiconductor supply glut worsens. Preliminary numbers released by Samsung showed the company''s operating profit declined to 4.3 trillion won ($3.4 billion) last quarter, missing the average analyst estimate of 6.7 trillion won ($5.3 billion). Sales fell to 70 trillion won ($55 billion) in the quarter, down 8.6% over the same period a year ago. The company is expected to publish a full financial statement with net income and updates on divisional performance at the end of the month. "Amid continued external uncertainties, including a potential global economic downturn, overall earnings decreased sharply quarter on quarter as we saw a significant drop in the memory business results due to lackluster demand and weaker sales of smartphones," the company said in a statement.
Samsung’s quarterly profit sinks to 8-year low on demand slump 2023/01/06 05:49:25 Business Recorder
SEOUL: Samsung Electronics Co Ltd flagged on Friday its quarterly profit tumbled by two-thirds to an eight-year low as a weakening global economy hammered memory chip prices and curbed demand for electronic devices. The dismal profit estimate by the world’s largest memory chip, smartphone and TV maker - a bellwether for global consumer demand - sets a weak tone for other technology firms’ quarterly results. Samsung’s profits are expected to shrink again in the current quarter, analysts said, after the South Korean company announced its October-December operating profit likely fell 69% to 4.3 trillion won ($3.37 billion) from 13.87 trillion won a year earlier. It was Samsung’s smallest quarterly profit since the third quarter of 2014 and fell short of a 5.9 trillion won Refinitiv SmartEstimate, which is weighted toward forecasts from analysts who are more consistently accurate. “All of Samsung’s businesses had a hard time, but chips and mobile especially,” said Lee Min-hee, analyst at BNK Investment & Securities.
Micron Option: Buy At $50 Or Get Paid ~10% In April (NASDAQ:MU) 2023/01/06 01:31:59 Seeking Alpha
Micron’s next earnings report is scheduled on March 27, 2023. And consensus estimates of its earnings are showing enormous variance. Click here to read more.
Hot Mover of the Day: Micron Technology, Inc. (NASDAQ:MU), Nu Holdings Ltd. (NYSE:NU) 2022/12/02 00:09:49 Stock Equity
Micron Technology, Inc. (MU) with the stream of 1.17 also noticed, India Nu Holdings Ltd. (NU) encountered a rapid change of 0.78 in the last hour of Thursday’s trading session. … The post Hot Mover of the Day: Micron Technology, Inc. (NASDAQ:MU), Nu Holdings Ltd. (NYSE:NU) appeared first on Stocks Equity .
China’s top memory chip maker YMTC takes latest step to become a global market leader, but US sanctions could derail its ambitions 2022/12/01 15:30:13 South China Morning Post
YMTC is poised to become a tech leader in its market segment after releasing ‘the first 200+ layer 3D NAND Flash’ chip on the market, ahead of rivals Samsung, SK Hynix and Micron.
Remembering The AI Tailwinds: Nvidia And Micron Thank Meta Platforms (NASDAQ:MU) 2022/12/01 14:15:17 Seeking Alpha
Over the summer, I called AI a tailwind during this recession-prone economy. See why Nvidia and Micron are prime beneficiaries of this train gaining momentum in 2023.
Micron Technology Unusual Options Activity For November 30 2022/11/30 21:35:01 Benzinga
Someone with a lot of money to spend has taken a bullish stance on Micron Technology (NASDAQ: MU ). And retail traders should know. We noticed this today when the big position showed up on publicly available options history that we track here at Benzinga. Whether this is an institution or just a wealthy individual, we don''t know. But when something this big happens with MU, it often means somebody knows something is about to happen. So how do we know what this whale just did? Today, Benzinga ''s options scanner spotted 36 uncommon options trades for Micron Technology. This isn''t normal. The overall sentiment of these big-money traders is split between 50% bullish and 50%, bearish. Out of all of the special options we uncovered, 22 are puts, for a total amount of $1,335,951, and 14 are calls, for a total amount of $802,419. What''s … Full story available on Benzinga.com