Jim Cramer's 'Mad Money' Recap: Nowhere to Run, Nowhere to Hide
at The Street - Wed Oct 21, 6:50PM CDT
Some days you get mauled in the market, other days you might not, says Cramer.
GE: 28.85 (+0.07), CLX: 122.06 (-0.02), HON: 98.77 (+0.49), UTX: 97.97 (+2.35), KSU: 87.41 (-1.25), KMB: 118.09 (+0.87), SLB: 75.63 (+0.08), SAP: 76.17 (+0.71), LGF: 39.18 (-0.66), CHK: 7.87 (-0.32), S: 4.34 (-0.02), CMG: 665.67 (-39.96), AMAG: 36.37 (+1.30), TMUS: 40.22 (-0.48), TWTR: 29.30 (-1.61), UNP: 93.41 (-0.33), MU: 16.43 (-0.66), TSN: 46.23 (+0.14), WDC: 71.44 (-3.42), BA: 141.19 (+2.31), TUP: 59.81 (+4.61), CELG: 115.92 (-0.32), CRC: 3.99 (-0.21), TXN: 51.90 (-0.53), GM: 35.42 (+1.94), RACE: 55.00 (-5.00), VZ: 44.86 (-0.38), SNDK: 76.78 (+1.59)
For The Record
at Investor's Business Daily - Wed Oct 21, 5:49PM CDT
For The Record: Current DRAM chips provide 8 gigabits of memory. This number was misstated in an Oct. 20 article on A4 about the 3D XPoint chip from Intel (INTC) and Micron (MU).
MU: 16.43 (-0.66), INTC: 33.37 (-0.07)
Western Digital to Buy Flash Memory Provider SanDisk for $19 Billion
at The Street - Wed Oct 21, 4:35PM CDT
With backing from Chinese tech group Unisplendour, Western Digital said Wednesday that it would pay $19 billion to purchase flash storage company SanDisk, reports The Deal's Chris Nolter.
MU: 16.43 (-0.66), STX: 37.13 (-1.39), INTC: 33.37 (-0.07), WDC: 71.44 (-3.42), HPQ: 28.23 (-0.33), SNDK: 76.78 (+1.59)
Stocks Fall; Valeant Defends Accounting Practices
at The Street - Wed Oct 21, 2:02PM CDT
Stocks relinquish gains made earlier Wednesday as a selloff in Valeant Pharmaceuticals pressures the rest of the biotech sector.
TSLA: 210.09 (-2.94), BIIB: 276.34 (+10.53), F: 15.41 (+0.03), VRX: 118.61 (-28.13), KMB: 118.09 (+0.87), IBB: 304.46 (-1.50), TM: 123.70 (+1.49), SBUX: 60.53 (-0.35), YHOO: 31.12 (-1.71), CMG: 665.67 (-39.96), ABBV: 53.83 (-1.00), GOOGL: 671.80 (-8.20), HMC: 32.70 (+0.70), AAPL: 113.76 (-0.01), KO: 42.19 (-0.10), AMZN: 555.77 (-5.11), MU: 16.43 (-0.66), PFE: 33.46 (-0.54), LLY: 77.01 (-0.78), FCAU: 15.20 (-0.74), BMY: 62.51 (-1.38), BA: 141.19 (+2.31), WDC: 71.44 (-3.42), LRCX: 70.79 (+0.76), MCD: 102.54 (-1.30), GM: 35.42 (+1.94), KLAC: 63.98 (+10.12), RACE: 55.00 (-5.00), SNDK: 76.78 (+1.59)
Early Gains Fizzle, Turn Mixed; Biogen, Ferrari Rise
at Investor's Business Daily - Wed Oct 21, 9:47AM CDT
Leading indexes turned Wednesday's modest opening gains to mixed and busy action, powered primarily by quarterly reports and company news. The Nasdaq backed out of a narrow advance and slipped 0.2%. The Dow Jones industrial average and the S&P 500...
BIIB: 276.34 (+10.53), MU: 16.43 (-0.66), NTES: 137.17 (-2.03), HA: 32.87 (+1.50), DIS: 110.09 (+0.25), MANH: 70.08 (+3.89), WDC: 71.44 (-3.42), BA: 141.19 (+2.31), AOS: 68.67 (-2.12), OZRK: 47.87 (-0.67), LRCX: 70.79 (+0.76), CMG: 665.67 (-39.96), CRUS: 32.89 (+2.16), KLAC: 63.98 (+10.12), RACE: 55.00 (-5.00), SNDK: 76.78 (+1.59)
Stocks Turn Lower as Valeant Dents Biotech Sector
at The Street - Wed Oct 21, 9:41AM CDT
Stocks turn lower by mid-morning Wednesday as plummeting Valeant Pharmaceuticals shares pull the biotech sector to the downside.
BIIB: 276.34 (+10.53), TSLA: 210.09 (-2.94), VRX: 118.61 (-28.13), KMB: 118.09 (+0.87), IBB: 304.46 (-1.50), SBUX: 60.53 (-0.35), YHOO: 31.12 (-1.71), CMG: 665.67 (-39.96), ABBV: 53.83 (-1.00), GOOGL: 671.80 (-8.20), AAPL: 113.76 (-0.01), KO: 42.19 (-0.10), AMZN: 555.77 (-5.11), MU: 16.43 (-0.66), PFE: 33.46 (-0.54), FCAU: 15.20 (-0.74), BA: 141.19 (+2.31), WDC: 71.44 (-3.42), CELG: 115.92 (-0.32), GILD: 101.73 (+0.07), LRCX: 70.79 (+0.76), GM: 35.42 (+1.94), MCD: 102.54 (-1.30), KLAC: 63.98 (+10.12), RACE: 55.00 (-5.00), SNDK: 76.78 (+1.59)
Micron Technology (MU) Stock Declines With Analyst Downgrade
at The Street - Wed Oct 21, 9:29AM CDT
Micron Technology (MU) shares are slumping after analysts at Bank of America/Merrill Lynch dropped their rating to 'underperform' from 'neutral" and lowered their price target.
MU: 16.43 (-0.66)
Analysts' Actions -- VMWare, Dollar General, Twitter, Micron, Harley-Davidson
at The Street - Wed Oct 21, 7:53AM CDT
Here are Wednesday's top research calls, including ratings changes at VMWare, Dollar General, Twitter, Micron and Harley-Davidson.
KSS: 45.65 (-0.66), MU: 16.43 (-0.66), ATI: 13.61 (-1.39), HOG: 47.03 (-1.22), VMW: 55.42 (-13.34), MRD: 17.78 (-0.15), WM: 53.44 (+0.73), YHOO: 31.12 (-1.71), COH: 30.06 (unch), WWW: 18.17 (-1.48), QCOM: 58.97 (-0.03), CMG: 665.67 (-39.96), CPHD: 30.02 (-2.23), DG: 67.55 (+0.52), TWTR: 29.30 (-1.61), VZ: 44.86 (-0.38)
Downgrade Alert for Micron Technology (MU)
Comtex SmarTrend(R) - Wed Oct 21, 7:29AM CDT
Micron Technology (NASDAQ:MU) was downgraded from Neutral to Underperform at BofA/Merrill today. The stock closed yesterday at $17.09 on volume of 67.6 million shares, above average daily volume of 29.2 million. Micron Technology has overhead space with shares priced $17.09, or 42.2% below the average consensus analyst price target of $29.58. The stock should find resistance at its 200-day moving average (MA) of $23.92, as well as support at its 50-day MA of $16.53.
MU: 16.43 (-0.66)
Lam Research bids $10.6B for KLA-Tencor, creating chip giant
AP - Wed Oct 21, 6:26AM CDT
NEW YORK (AP) — Lam Research Corp. is buying KLA-Tencor Corp. for about $10.6 billion, creating a huge player in the semiconductor sector that will rival Applied Materials Inc.
MU: 16.43 (-0.66), LRCX: 70.79 (+0.76), AMAT: 16.07 (-0.12), EMC: 25.77 (-1.72), WDC: 71.44 (-3.42), SNDK: 76.78 (+1.59)
Micron Technology (MU) Stock Closed Down 10.80% After Ratings Downgrade
at The Street - Tue Oct 20, 4:03PM CDT
Micron Technology (MU) stock plummeted on Tuesday, after a downgrade to 'short' from 'neutral' and a lowered price target at Redstone Technology Research today.
MU: 16.43 (-0.66)
After Yesterday's Decline of 10.80%, Micron Technology Offers Investors Better Value
Comtex SmarTrend(R) - Tue Oct 20, 3:46PM CDT
Micron Technology (NASDAQ:MU) traded in a range yesterday that spanned from a low of $16.61 to a high of $19.05. Yesterday, the shares fell 10.8%, which took the trading range below the 3-day low of $18.23 on volume of 67.4 million shares. Often times after large one-day declines, short-term traders may play for some degree of mean reversion.
MU: 16.43 (-0.66)
SmarTrend Watching for Potential Rebound in Shares of Micron Technology After 10.80% Loss
Comtex SmarTrend(R) - Tue Oct 20, 3:45PM CDT
Micron Technology (NASDAQ:MU) traded in a range yesterday that spanned from a low of $16.61 to a high of $19.05. Yesterday, the shares fell 10.8%, which took the trading range below the 3-day low of $18.23 on volume of 67.4 million shares. Often times after large one-day declines, short-term traders may play for some degree of mean reversion.
MU: 16.43 (-0.66)
SanDisk, TeamHealth, Fresh Market Add To M&A Buzz
at Investor's Business Daily - Tue Oct 20, 3:44PM CDT
Dealmaking in the fourth quarter looks to continue the strong momentum set in the first nine months of the year, with acquisitions clinched or expected in the tech, health and grocery industries. Here's a look at just a few of Tuesday's M&A...
AMSG: 71.56 (-3.32), MU: 16.43 (-0.66), HON: 98.77 (+0.49), SIAL: 139.72 (-0.02), MRK: 50.59 (+0.20), TFM: 26.64 (-0.96), WDC: 71.44 (-3.42), TMH: 61.77 (-0.82), SNDK: 76.78 (+1.59)
Tesla Tanks After Consumer Reports Cites Model S Reliability Issues -- Tech Roundup
at The Street - Tue Oct 20, 3:39PM CDT
Shares of electric vehicle manufacturer Tesla Motors dropped by nearly 7% Tuesday.
MU: 16.43 (-0.66), YHOO: 31.12 (-1.71), TSLA: 210.09 (-2.94), IBM: 140.92 (+0.28), FB: 97.11 (+0.11), VZ: 44.86 (-0.38), SNDK: 76.78 (+1.59), BABA: 69.48 (-2.31)
Micron Technology (MU) Stock Tanks on Rating Downgrade
at The Street - Tue Oct 20, 1:12PM CDT
Micron Technology (MU) stock is lower in midday trading on Tuesday, after a downgrade to 'short' from 'neutral' at Redstone Technology Research today.
MU: 16.43 (-0.66)
Micron Technology (MU) Crosses Pivot Point Support at $18.58
Comtex SmarTrend(R) - Tue Oct 20, 12:35PM CDT
Shares of Micron Technology (NASDAQ:MU) opened today below their pivot of $18.90 and have already reached the first level of support at $18.58. Should the shares continue to fall, the support pivots of $18.00 and $17.10 will be of interest.
MU: 16.43 (-0.66)
Micron's XTRMFlash(TM) Memory Breaks Through NOR Flash Speed Limits to Power Next-Gen, Instant-On Applications
Thomson Reuters ONE - Tue Oct 20, 7:00AM CDT
BOISE, Idaho, Oct. 20, 2015 (GLOBE NEWSWIRE) -- Micron Technology, Inc. (NASDAQ:MU), today announced XTRMFlash(TM) memory, a faster NOR flash solution designed to revolutionize the way the electronics industry develops systems to meet the demand for "instant-on" performance and fast system responsiveness in automotive, industrial and consumer applications.
MU: 16.43 (-0.66)
SanDisk Stock Can Climb on Improved Flash Memory Market
at The Street - Tue Oct 20, 6:21AM CDT
Despite revenue and earnings struggles, patience is still the best play with SanDisk.
MU: 16.43 (-0.66), SNDK: 76.78 (+1.59)