U.S. stocks extended losses Tuesday as investors assessed earnings and prepared for a series of key inflation reports due out later this week. The S&P 500 ticked fell 0.5%, while the Dow Jones Industrial Average ticked down about 0.1%. The tech-heavy Nasdaq tumbled 1.5% as a warnings from Micron Technology (MU) weighed on chip and technology stocks. Shares of Micron fell 5% after the memory chipmaker said its fourth-quarter revenue may come in on par with or below the bottom end of a forecast… Source link
Read More »Micron kicks off dividend payments, shifts to ‘opportunistic’ share buybacks
By Stephen Nellis (Reuters) – Memory chip maker Micron Technology Inc on Monday said it would shift how it returns cash to shareholders, buying up more shares when prices are low, fewer when prices are high and instituting a dividend for the first time. Micron makes DRAM and NAND memory chips, which are needed for nearly all computing systems and whose price can fluctuate widely based on global supply and demand. This can cause swings in profits – and share prices – at most memory… Source link
Read More »Semiconductor shortage a boon for chipmakers like Micron: veteran tech investor
TipRanks 2 ‘Strong Buy’ Stocks Insiders Are Snapping Up In a casino, if you play long enough, the House always wins; this is just a matter of probabilities and available resources. It’s different in the stock market, even though there is a tendency to refer to stock investing as a game. Smart investors don’t have to ‘beat the house’ to come out ahead; this is not a zero-sum game. Rather, it’s a game of strategy. Successful investors will look for some edge, an ‘in’ that will… Source link
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