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Technology Stocks : Semi Equipment Analysis

SOXX 291.39

+2.8%

Nov 26 4:00 PM EST

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To: Sam who wrote (82805)	3/15/2019 2:39:57 PM
From: Donald Wennerstrom	2 Recommendations Recommended By Return to Sender Sam Read Replies (3) of 95479

Micron heading for an earnings miss? A lot of negativity on Micron prior to their earnings report next week. thefly.com Micron heading for Q2 earnings miss, says BofA/Merrill BofA/Merrill analyst Simon Woo warns that Micron (MU) may be heading for an earnings miss in Q2 as it suffers from a comparable price decline and margin squeeze that befell Samsung (SSNLF) and Hynix. The analyst models Q2 sequential average selling price declines of 22%-23% vs. 13%-15% prior based on what was learned from Samsung and also believes that Q2 bit growth should also be negative. Woo is keeping his Buy rating and $50 price target on Micron longer term, expecting a "meaningful turnaround" to materialize in the upcoming Q4 with a "double-digit bit growth Q/Q".

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