We're approaching the new year and with that, the past week's 5 day indices closed on Friday like so:
Dow Jones Industrial Average: 30,199.87 -28.80 (-0.095%)
S&P 500: 3,703.06 -8.93 (-0.24%)
Nasdaq: 12,804.73 +50.00 (+0.39%)
Russell 2000: 2,003.95 +18.99 (+0.96%)
There's no notable earnings next week so we're going to look the following week's earnings, all taking place on Thursday after the start of the new year (week of 1/4/2021-1/8/2021):
Micron Technology, Inc (MU)
Micron Technology, Inc (MU) is a tech company based in Boise, Idaho, specializing in the production of computer memory and data storage hardware. It's been around since the late 70s and has seen quite a bit in its storied career. For around a decade since the lingering effects of the dotcom bubble burst wore off, the stock value has been flatlined. Since 2013, its value started to see some movement, seeing a 7x increase from 2015 to today. Does this mean it's a great long term investment? Well, fundamentals will tell:
Last 4 earnings report:
2020 Q3: beat
2020 Q2: beat
2020 Q1: beat
2019 Q4: beat
3-year total revenue
Aug, 2020: Lower than previous
Aug, 2019: Lower than previous
Aug, 2018: Lower than previous
3-month: ~ +42.02%
1-year: ~ +27.12%
5-year: ~ +387.99%
It's looking like fundamental analysis is somewhat ok with its "flash" technical analysis looking fantastic, but what's very concerning is that its top line revenue is looking really sluggish in the past few reports. Whether or not you feel comfortable enough to go in on MU because of its historical flatline, one thing always rings true: remember that if you're running your own portfolio, treat it like a business. If some part of your business is suffering and its outlook is bleak, it's time to cut ties.
Who's in the same space as Micron?
MU is up against companies like Samsung, Intel, Western Digital, and Seagate, to name a few, all of which have the resources and products to compete against MU.
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- Call to Leap Team