Micron Technology Jumps Over 6% Ahead of Earnings: Why MU Might Be a BUY Today
Micron Technology (MU) surged 6.8% Monday as anticipation builds for its upcoming fiscal Q1 earnings report, scheduled for release later this week. Despite analyst expectations of an earnings miss, optimism surrounding the memory chipmaker continues to grow. Micron’s stock has already gained 32% year-to-date, outpacing broader market averages. Key drivers of this momentum include easing inventory challenges in the [...]
Market Recap: Inflation Data, Mixed Results, and Tech Rebound
Monday: Last week Wall Street kicked off on a downbeat note as investors dumped technology stocks ahead of key inflation data. The Dow fell 0.5%, while the S&P 500 and Nasdaq both declined 0.6%. Tuesday: CPI worries continued to weigh on investor sentiment, leading to another session of losses. The Dow dropped 0.4%, and both the S&P 500 and [...]
The Magic of Moving Averages
Written by: Angela Akers Sometimes investing inspiration and ideas spark from random events. This week, I happen to be in North Carolina for our annual VectorVest Christmas party. I was randomly discussing “Christmas colors” over coffee with a colleague and she mentioned that gold was also a Christmas color. I agreed and we moved on. However, the mention of gold led me to [...]
Broadcom Soars Over 20% on AI Growth: 3 Reasons to Consider Buying
While tech giants like NVDA and META often steal the spotlight in the AI race, Broadcom (AVGO) is proving why it deserves just as much attention. The semiconductor powerhouse is well-positioned to capitalize on the booming AI market, as evidenced by its latest earnings report. The company reported $12.2 billion in AI revenue for the year, marking an incredible [...]
Is Adobe (ADBE) a Buy After Weak Guidance and a 10% Drop? Here’s What You Need to Know
Adobe Inc. (ADBE) released its fiscal year 2024 fourth-quarter earnings report, exceeding expectations for both revenue and earnings. But while the results impressed on paper, weak forward guidance has taken center stage, rattling investors. Here’s a breakdown of the company’s Q4 performance: Adjusted earnings per share: $4.81 compared to the $4.67 analyst consensus. Revenue: $5.61 billion compared to the [...]
Boeing Stock Surges on 737 MAX Production Resumption: Is It Time to Buy BA?
Boeing (BA) saw a nearly 6% jump in stock price this week after the company resumed production of its 737 MAX jetliners following a seven-week strike. The production halt had put the company’s ability to meet its ambitious targets in jeopardy, leaving many investors concerned about Boeing's financial stability. But with a backlog of more than 4,000 orders for [...]