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Technology Stocks : WDC, NAND, NVM, enterprise storage systems, etc.

SNDK 195.96

-20.3%

Nov 20 3:59 PM EST

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From: Unwelcomeguest	5/21/2018 11:23:07 AM
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Recieved in my eTrade account. MU raises forecast. Micron boosts Q3 guidance ahead of Analyst and Investor Event citing strong execution and healthy industry conditions 8:32 AM ET 5/21/18 \| Briefing.com Co now sees Q3 EPS of $3.12-3.16 (Prior $2.76-2.90) vs $2.84 Capital IQ Consensus Estimate; sees revs $7.7-7.8 bln (Prior $7.2-7.6 bln) vs $7.47 bln Capital IQ Consensus Estimate"Our third quarter results are driven by focused execution of our strategy against a backdrop of healthy industry fundamentals," said Sanjay Mehrotra, president and CEO of Micron. "We look forward to discussing the significant opportunities ahead for Micron during our analyst and investor event later today." ************************************************************************************************* And, trade war with China put on hold. DJ Micron Leads Chip Stocks Higher After U.S. Puts China Trade War 'on Hold' -- MarketWatch** May 21, 2018 09:58:00 (ET) Shares of chipmakers and component suppliers are up in Monday morning trading after Treasury Secretary Steven Mnuchin said over the weekend that Trump's administration would put the trade war with China (http://www.marketwatch.com/story/mnuchin-china-trade-war-on-hold-while-deal-hammered-out-2018-05-20) "on hold." Shares of chipmaker Micron Technology Inc. (MU) are up 4.3%, while shares of peers Western Digital Corp. (WDC), Advanced Micro Devices Inc. (AMD), and Nvidia Corp. (NVDA) are also trading higher. The PHLX Semiconductor Index has gained 1.7%. Chip stocks and optoelectronics stocks fell after the U.S. first announced tariffs on China. Shares of optoelectronics companies Lumentum Holdings Inc. (LITE), Finisar Corp. (FNSR), Acacia Communications Inc. (ACIA), Applied Optoelectronics Inc. (AAOI) are all up in Monday's session and outpacing gains in the S&P 500 , which has gained 0.8%. -Emily Bary For more from MarketWatch: marketwatch.com (END) Dow Jones Newswires May 21, 2018 09:58 ET (13:58 GMT)

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