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Bartosiak: Trading Micron Technology's (MU) Earnings with Options
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On Wednesday, December 21st, Micron Technology (MU - Free Report) will release its first quarter earnings results after the bell. The company is a Zacks Rank 2 (Buy), and have a Value, Growth, and Momentum score of B.
Dave will look at Micron’s past earnings, take a look at what is currently going on with the company, and give us his thoughts on their upcoming earnings announcement.
Furthermore, Dave will uncover some potential options trades for investors looking to make a play on Micron ahead of earnings.
Micron in Focus
Micron Technology, Inc. has established itself as one of the leading worldwide providers of semiconductor memory solutions. The company's quality memory solutions serve customers in a variety of industries including computer and computer-peripheral manufacturing, consumer electronics, CAD/CAM, telecommunications, office automation, network and data processing, and graphics display. The company's mission is to be the most efficient and innovative global provider of semiconductor memory solutions.
Micron is expected to report earnings at $0.24 per share according to the Zacks Consensus Estimate. Last quarter they beat earnings expectations by 50.00% with their announcement at -$0.05 per share. They have an average earnings surprise of 31.52%.
How should investors play Micron ahead of their earnings report? For insights on the best options trades, then tune in at 1:30pm tomorrow to see David’s thoughts.
The Best & Worst of Zacks
Today you are invited to download the full, up-to-the-minute list of 220 Zacks Rank #1 "Strong Buys" free of charge. From 1988 through 2015 this list has averaged a stellar gain of +26% per year. Plus, you may download 220 Zacks Rank #5 "Strong Sells." Even though this list holds many stocks that seem to be solid, it has historically performed 11X worse than the market. See these critical buys and sells free >>
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Bartosiak: Trading Micron Technology's (MU) Earnings with Options
On Wednesday, December 21st, Micron Technology (MU - Free Report) will release its first quarter earnings results after the bell. The company is a Zacks Rank 2 (Buy), and have a Value, Growth, and Momentum score of B.
Dave will look at Micron’s past earnings, take a look at what is currently going on with the company, and give us his thoughts on their upcoming earnings announcement.
Furthermore, Dave will uncover some potential options trades for investors looking to make a play on Micron ahead of earnings.
Micron in Focus
Micron Technology, Inc. has established itself as one of the leading worldwide providers of semiconductor memory solutions. The company's quality memory solutions serve customers in a variety of industries including computer and computer-peripheral manufacturing, consumer electronics, CAD/CAM, telecommunications, office automation, network and data processing, and graphics display. The company's mission is to be the most efficient and innovative global provider of semiconductor memory solutions.
Micron is expected to report earnings at $0.24 per share according to the Zacks Consensus Estimate. Last quarter they beat earnings expectations by 50.00% with their announcement at -$0.05 per share. They have an average earnings surprise of 31.52%.
MICRON TECH Price, Consensus and EPS Surprise
MICRON TECH Price, Consensus and EPS Surprise | MICRON TECH Quote
Bottom Line
How should investors play Micron ahead of their earnings report? For insights on the best options trades, then tune in at 1:30pm tomorrow to see David’s thoughts.
The Best & Worst of Zacks
Today you are invited to download the full, up-to-the-minute list of 220 Zacks Rank #1 "Strong Buys" free of charge. From 1988 through 2015 this list has averaged a stellar gain of +26% per year. Plus, you may download 220 Zacks Rank #5 "Strong Sells." Even though this list holds many stocks that seem to be solid, it has historically performed 11X worse than the market. See these critical buys and sells free >>