Micron Tech

The ASML share fell 20% after after poor quarterly figures and a lowered outlook. Major customers such as Samsung and Intel are buying fewer machines because they are postponing investments. Buy, hold or sell ASML? What do you think?

In the Podcast episode 61 "Buy High. Sell Low" we talked about ASML in detail. Link in the profile description.

$ASML (+3,19%)
$INTC (+2,41%)
$005930
$AMD (+0,64%)
$NVDA (+1,51%)
$2330
$AMAT (+3,95%)
$MU (+5%)
$KLAC (+3,32%)
$LRCX (+4,98%)

Change of scenery at $MU (+5%)

@Kundenservice think of the new logo

Micron has been the only RAM manufacturer in the USA for 46 years. The iconic logo with the circle around the "M" has been around for 24 years. Apparently it was time for a change of scenery, because now there is a completely new company logo, which was created under the motto "always one step ahead".

Curvy like a wafer

The new logo is curvy and an allusion to the proclaimed motto "always be ahead of the curve". The curved shapes are also reminiscent of the round silicon wafers, which have also been remembered in terms of color with a new silver lettering.

https://www.computerbase.de/news/wirtschaft/neuer-auftritt-micron-praesentiert-kurviges-firmenlogo.89912/

Initial purchase, subsequent purchases are planned below €95.

Top watchlist value: $MU (+5%)

@Memo0606 Let's see what happens

India 🇮🇳 is expected to produce its first chip in two years, said Commerce Minister Piyush Goyal.

This comes in the wake of commitments made by Nvidia
$NVDA (+1,51%) , AMD
$AMD (+0,64%) and Micron
$MU (+5%) to expand their activities in the country - CNBC.

Week in review 28.09.

New all-time highs for DAX, Dow Jones, S&P 500, Gold, GE Vernova, Meta, Netflix, SAP, Vistra Corp, Walmart 👑🥇 $LYY7 (+0,35%)
$CSPX (+0,89%)
$ABX (+1,83%)
$GEV (+0,62%)
$META (-0,47%)
$NFLX (+1,95%)
$SAP (+0,95%)
$VST (+7,75%)
$WMT (+2,04%)

New 52-week highs for 3M, Air Products, Alibaba, Arista Networks, Barrick Gold, Bank of Nova Scotia, BlackRock, Caterpillar, Constellation Energy, DuPont, HSBC, Infosys, Live Nation, McDonald's, Palantir, PayPal, Public Storage, Royal Bank of Canada, Royal Caribbean, Sea Ltd, Spotify, Tangier 💵📈 $PLTR (+0,69%)
$9988 (-0,72%)
$BABA (-0,73%)
$BLK
$CAT (+3,05%)
$BNS (+0,92%)
$STZ (+1,1%)
$DD (+1,73%)
$HSBA (+0,37%)
$HSBC (+0%)
$INFY
$LYV (+2,78%)
$MCD (-0,18%)$PUB
$PUB
$RCL (+1,15%)
$SEA (-0%)
$SKT (+1,92%)

Bitcoin with new 1-month high, +22% in three weeks since the low on 07.09. from 52k$ to 66k$, +150% in 12 months📉📈 $BTC (+0,8%)

PayPal's own stablecoin PYUSD (crypto) is growing strongly and is now one of the top 100 cryptos by market capitalization at 95th place 💰 $PYPL (+0,64%)

Palantir with inclusion in the S&P 500 on Monday #PLTRgang 🤜🤛👊✊ $PLTR (+0,69%)

Uber is working with Google's Waymo (Alphabet) and wants to offer robotaxis for a surcharge 🚗🤖 $UBER (+0,76%)
$GOOGL (-5,23%)
$GOOG (-4,95%)

After the ECB and FED, China has also turned on the money printer *brrr brrr*, plus a big economic stimulus program, China stocks therefore have their best week in 10 years, car and luxury stocks with Chinese business are therefore rising 🖨🇨🇳 $MC (-1,36%)
$P911 (-2,39%)
$BMW (-1,54%)
$MBG (-0,53%)

AMD CEO and Nvidia CEO confirm continued high demand for AI chips 🧠🤖, Nvidia CEO does not want to sell any more of his own shares for the time being. $AMD (+0,64%)
$NVDA (+1,51%)

Upcoming Playstation 6 with AMD chip again, but AMD will leave the high-end graphics card market for PC gamers and try to scale more strongly in the mid and lower segments. Nvidia would then have a monopoly 🎮 $SONY (-0,27%)
$6758 (-0,58%)

Super Micro suspected of accounting fraud. US justice is apparently already investigating according to an insider, -62% share price in three months 🔍👮 $SMCI

AI needs a lot of electricity and nuclear power plants are being reactivated in the USA. In Germany, it's the other way around due to the world's stupidest energy policy. US electricity provider shares, uranium mines - shares and ETFs are rising. ⚛️⚡️ (see podcast episode 57 "Buy High. Sell Low." pinned to my profile at the top) $URNM
$URA (+4,15%)
$UEC (+3,28%)

Micron with good quarterly figures and +13% share price, semiconductor stocks rally 💻📈 $MU (+5%)

Costco - quarterly figures mixed, EPS exceeds estimates but sales worse than expected, share price falls slightly 🛒 $COST (+3,43%)

McDonald's increases quarterly dividend by 6% to 1.77$. Since the first dividend payment in 1976, the payout has been increased 48 years in a row. 🍟🍔 $MCD (-0,18%)

Investigation initiated against Visa 💳 and SAP 💻 in the USA for illegal price fixing $V (+1,31%)
$SAP (+0,95%)

Oil price falls again, Shell & Co. on the way to 1-year low 🛢⛽️ $SHEL (+1,41%)
$GB00B03MM408
$RDS.A

Meta releases VR glasses Quest 3s for €330 from 15.10.24 📱👓

Intel launches AI accelerator "Gaudi 3" as an alternative to Nvidia's H100. IBM, Google & Dell as first customers. 🧠 $INTC (+2,41%)

US debt level climbs above 35 trillion dollars for the first time 🖨💵

Ubisoft share price collapses due to postponement of "Assassin's Creed: Shadows", -70% 1-year performance 🎮📉 $UBI (-3,19%)

DHL raises outlook / growth forecast until 2030 and increases letter postage by 10.5% in Germany from 2025 📦✉️📯 $DHL (-0,87%)

BASF struggles with high energy prices and weak demand, threat of plant closure and dividend cut 🇩🇪📉 $BAS (-1,23%)

Adidas (+28%) significantly better than Nike (-18%) since the beginning of the year ⚽️🏀👟 $ADS (-1,54%)
$NKE (+3,29%)

Takeover poker at Commerzbank by Ital. Unicredit continues 🏦🇮🇹🇩🇪 $CBK (-1,01%)
$UCG (-0,22%)

Jefferies issued a buy recommendation for BioNTech and sees the antibody BNT327 against cancer as a potential massive sales driver. 👨‍⚕️⚕️💊 $DE000A0V9BC4

Mutares -14% because shortseller Gotham City raises serious allegations against the SDAX member: Ponzi scheme, false accounting and circular business model 🔍👮 $MUX (-1,97%)

>> If you want to read a review like this every week, leave a like & subscribe. What important news have I forgotten? 👍❤️

27.09.2024

Micron with strong share price gains after figures + Ceconomy share price jumps after buy vote + Commerzbank courted + Evotec and Mutares with news

Micron $MU (+5%) reported brisk demand for chips for AI applications and forecast higher profits for the current quarter than the market had expected. "In times of real growth fears, positive company assessments of future profits are welcome news and can easily push share prices higher," says Jan von Gerich, chief analyst at Nordea. The shares of other chip manufacturers are also recording price gains. Nvidia and AMD are up 1.9 percent each. Broadcom gained 1.5 percent and Intel 2.6 percent. Some tailwind is also likely to come from Asia. Following the latest economic stimulus measures by the Chinese central bank, further support measures for the weakening economy of the second-largest national economy are to come from the Chinese government. This caused prices to rise sharply on the stock exchanges in China.

Following a new buy recommendation Ceconomy $CEC (-0,77%) jumped in price on Thursday. With a recent gain of 14.3 percent to 3.24 euros, the electronics retailer secured first place in the small cap index SDax - ahead of the biofuel producer Verbio . Ceconomy shares have now also broken above the 100-day moving average, which is an indicator of the medium to long-term trend. They had already broken above the other trend lines days ago in view of the recent gains. The share price correction since June, when the shares reached their highest level since spring 2022 at EUR 3.39, has thus been virtually ironed out. Since the beginning of the year, the shares have gained a whopping 31%, which also puts them at the top of the index for this period.

For the shares of Commerzbank $CBK (-1,01%) went up by 6.9 percent. There were two reasons for this. Firstly, it intends to increase its return on equity more than previously planned in the coming years. The return on equity is set to rise to over 12 percent in 2027. Previously, the bank had forecast more than 11 percent. It also wants to distribute more money to its shareholders. In addition, a first meeting between the Frankfurt-based bank and Unicredit will take place tomorrow following the latter's share purchase. It is possible that a second acquirer will enter the ring, in which case things could get expensive.

Evotec $EVT (-0,03%) rose by 3.5 percent with the announcement of a technology partnership with the pharmaceutical giant Novo Nordisk. Also in the SDAX Mutares $MUX (-1,97%) fell by a further 14 percent. In trading, reference was made to a report by short-seller Gotham City Research. The report mentions inconsistencies in Mutares' balance sheet. According to the report, Gotham City has built up a position together with partners that is betting on a falling Mutares share price. The share price recovered significantly in the afternoon after Mutares rejected the allegations made by the short seller as misleading.

Friday: Stock market dates, economic data, quarterly figures

ex-dividend of individual stocks

British American Tobacco USD 0.74

Quarterly figures / company dates Europe

08:30 BASF Capital Market Day Day 2

08:30 Baywa quarterly figures + analyst conference

10:30 Baywa PK

11:00 Borussia Dortmund detailed annual results

Untimed: Commerzbank first meeting with Unicredit SpA after share purchase | Vossloh Capital Markets Day - Innotrans

Economic data

• 08:45 FR: Private consumption August FORECAST: n/a previous: +0.3% yoy/-0.6% yoy
• 08:45 FR: Consumer prices (preliminary) September FORECAST: N/A yoy/+1.6% yoy Previous: +0.5% yoy/+1.8% yoy HICP FORECAST: N/A yoy/+1.9% yoy Previous: +0.6% yoy/+2.2% yoy
• 09:00 ES: HICP and consumer prices (preliminary) September HICP FORECAST: +2.0% yoy previously: +2.4% yoy
• 09:55 DE: Labor market data September seasonally adjusted unemployment rate PROGNOSE: +15,000 yoy previously: +2,000 yoy Unemployment rate seasonally adjusted PROGNOSE: 6.0% previously: 6.0%
• 11:00 EU: Economic Sentiment Index September Eurozone Economic Sentiment Forecast: 96.5 Previous: 96.6 Industrial confidence Eurozone Forecast: -10.3 Previous: -9.7 Consumer confidence Eurozone Forecast: n.a. flash estimate: -12.9 previous: -13.5 | Eurozone Business Climate Index September
• 14:30 US: Personal Spending and Income August Personal Spending PROGNOSE: +0.3% yoy previous: +0.5% yoy Personal Income PROGNOSE: +0.4% yoy previous: +0.3% yoy PCE Price Index / Core Rate PROGNOSE: +0.2% yoy/+2.7% yoy previous: +0.2% yoy/+2.6% yoy
• 16:00 US: Consumer Sentiment Index Uni Michigan (2nd survey) September FORECAST: 69.3 1st survey: 69.0 previous: 68.4

$MU (+5%)

Micron reported EPS of USD 1.18 for the fourth quarter of the 2024 financial year. The company was thus back in the black after posting a loss of USD 1.31 per share in the same quarter of the previous year. Analysts had previously expected earnings per share of USD 1.11.

Turnover increased from 4.01 billion US dollars to 7.75 billion US dollars in the last quarter of the year. The experts' forecast of 7.65 billion US dollars was also exceeded here.

Micron better for the year

For the year as a whole, the AI profiteer reported earnings per share of USD 1.30, which was above the figure expected by analysts (USD 1.21 per share). In the previous fiscal year, Micron posted negative EPS of USD 5.34.

Meanwhile, revenues rose to 25.11 billion US dollars. Analysts surveyed by FactSet had expected this figure to be USD 25.03 billion, up from USD 15.54 billion in the previous year.