Micron Technology appears to be forming a Cup and Handle pattern after the company reported monster earnings and revenue beats. Micron Technology reported earnings on June 20, 2018. The company reported EPS of $3.15 which beat the consensus estimate of $3.13. Revenue also beat coming in at $7.8 billion versus the $7.76 billion estimate. Micron Read More »
JD.com operates as an e-commerce company in the People’s Republic of China. The company sells mobile handsets, consumer electronics products, auto parts and accessories; home appliances; and general merchandise products directly to customers. The company also provides an online marketplace for third-party sellers to sell products to customers through its Website jd.com and mobile applications. Read More »
Unusual volume was detected today in First Solar stock. First Solar is in deep oversold territory as the RSI of 25 indicates. FSLR stock had heavy activity in the AUG $60 calls too. The plunge in First Solar stock was caused by China cutting solar incentives for the rest of 2018, which could reduce the Read More »
Hearing rumors that Disney took a large position in iQIYI, the Netflix of China. iQIYI operates a platform that provides a collection of Internet video content, including professionally-produced content licensed from professional content providers and self-produced content. It provides membership, content distribution, live broadcasting, and online gaming services. The company is based in Beijing, China. Read More »
Boxlight sells educational products for the learning market in the United States and internationally. The company designs, produces, and distributes a range of interactive classroom technology products primarily targeted at the K-12 education market. Its products include interactive projectors, interactive flat panel displays, interactive touch projectors, touchboards, and MimioTeach that could turn any whiteboard interactive; Read More »
Institutional ownership in Ultra Clean Holdings stock has increased by 31.7% over the past 3 months. By all metrics, UCTT stock is undervalued. The stock trades at a P/E of 7.5 and a Forward P/E of 6.9. I don’t think this stock is a value trap because the profit margin of 8.26% is much better Read More »
Iridium Communications stock is starting to move after today’s successful launch and deployment of five Iridium NEXT satellites. You can watch today’s incredible launch and learn more about the mission here: A day ago, on 5/21/18, Iridium Communications announced that the International Maritime Organization’s (IMO) Maritime Safety Committee (MSC) agreed to recognize that the Iridium Read More »
Immersion Corporation crushed on earnings and revenue. The company reported EPS of $2.34 versus the $0.65 estimate. Revenue also crushed it, coming in at $85.42 million during the quarter, versus the $57.7 million estimate. Immersion’s quarterly revenue was up 826.5% year-over-year. Immersion entered into a settlement and license agreement with Apple Inc. for certain Immersion Read More »
A state board in California has approved a proposal to require solar panels on all new homes beginning in 2020, a measure that would increase the cost of new construction but provide savings on utilities — and help the state meet ambitious targets for reducing greenhouse gas emissions. The new building rules approved by the Read More »
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