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Technology Stocks : Semi Equipment Analysis -- Ignore unavailable to you. Want to Upgrade?

To: Sam who wrote (77016)	9/13/2017 9:34:54 AM
From: Return to Sender	Respond to of 95639

Good morning. Happy Wednesday. The Asian/Pacific markets leaned to the downside. Japan posted a gain; Hong Kong, Indonesia and Taiwan posted losses. Europe, Africa and the Middle East are mixed and somewhat quiet. Greece, Russia, Norway, Portugal and the Czech Republic are up; Denmark, Finland and Bulgaria are down. Futures in the States point towards a down open for the cash market. ————— VIDEO: My Favorite Intermediate Term Trading Setup ————— The dollar is down. Oil is up; copper is down. Gold and silver are up. Bonds are up. Very quietly, while the market has posted big gains the last few days in route to the S&P closing at a new all-time high, oil has gotten above its 50-day MA. Crude has been a drag. If the group moves up, there won’t be much to hold the market back. Stock headlines from barchart.com… Apple (AAPL -0.40%) is down -0.5% in pre-market trading on a less than enthusiastic response to the company’s unveiling of its new iPhone late Tuesday. Rockwell Collins (COL +0.12%) was downgraded to ‘Neutral’ from ‘Outperform’ at Baird. EOG Resources (EOG +0.61%) was upgraded to ‘Overweight’ from ‘Equal Weight’ at Morgan Stanley with a price target of $106. US Foods Holding (USFD +2.03%) was upgraded to ‘Overweight’ from ‘Equal Weight’ at Barclays with a price target of $32. DowDuPont (DWDP +2.50%) was upgraded to ‘Outperform’ from ‘Market Perform’ at Cowen with a price target of $80. Nordstrom (JWN +0.74%) rallied 9% in after-hours trading on a report that private equity firm Leonard Green & Partners may help fund a buyout of Nordstrom, Centene (CNC +0.38%) jumped nearly 7% in after-hours trading after it purchased Fidelis Care for $3.75 billion, a deal that will allow it to enter New York’s health-insurance market. Accra Therapeutics (AKCA +1.33%) rose 3% in after-hours trading after it filed a new drug submission to Health Canada for volanessorsen, an investigational medicine for the treatment of familial chylomicron syndrome. Micron (MU +2.54%) was upgraded to ‘Buy’ from ‘Neutral’ at Goldman Sachs with a price target of $40. A-Mark Precious Metals (AMRK +4.38%) tumbled over 10% in after-hours trading after it reported fiscal Q4 revenue fell -24% y/y to $1.33 billion amid “historically low sales levels at the U.S. mint.” Zagg Inc. (ZAGG +4.29%) gained over 1% in after-hours trading after it announced a universal mophie wireless charging base for the iPhone 8, iPhone 8 Plus and the iPhone X. Inventure Foods (SNAK -1.18%) surged over 25% in after-hours trading after it sold its frozen foods operations for $50 million to Oregon Potato. From Seeking Alpha, shares in Apple’s (AAPL) suppliers slumped overnight after the new iPhone X disappointed with a later than expected shipping date, on Nov. 3. The $999 price tag could also dent demand for the device in some markets. Across Asia: Zhejiang Crystal-Optech -6.7%, Shenzhen Desay Battery Tech -4.4%, AMS -4.1%, Catcher -5%, Largan -3.8%, Goertek -3.6%, Wistron -3.4%, Shenzhen O-film Tech -3.4%, Pegatron -3.1%, LG Innotek -1.8%, Hon Hai -1.3%, Zhejiang Tony Electronic -1.1%, Han’s Laser -1.1%, TSMC -0.5%. Today’s Economic Calendar 7:00 MBA Mortgage Applications 8:30 Producer Price Index 10:30 EIA Petroleum Inventories 1:00 PM Results of $12B, 30-Year Note Auction 2:00 PM Treasury Budget Other… today’s upgrades/downgrades from briefing.com this week’s Earnings from Morningstar this week’s Economic Numbers/Reports powered by ECONODAY

To: Sam who wrote (77016)	9/13/2017 5:38:16 PM
From: Donald Wennerstrom	1 Recommendation Recommended By Sam Respond to of 95639

Since the upward penetration of the triple top last week, Micron has been pushing upward. Not only has the stock price been pushing upward, but since the bottom of the last valley in the triple top formation, Next Years earnings estimates for 2018 have been on an uptrend. The chart and table show the action since the week ending 8/11/17. The last row in the table is the summary for the first 3 days of this week. Note the technicians were able to drive the price down to the 26 area as predicted(give the techs their due) but then the rebound started. As the table shows, Micron has gained through today over 6.50 per share since the week ending 8/11. During that time, Next Years earnings estimate has gone from 6.02 to 6.25 as of today. That has continued to depress the Next Year PE value which has risen to only 5.5 as of today. Delaney of Goldman Sachs just put out a buy rating on Micron with a 40 dollar price target. Reviewing the triple top formation and what a breakout portends as the initial target price, it is around 40 dollars(hmmm, you don't suppose Delaney is a "technician in fundamental clothing" do you?:-) Now that the technicians are no longer in charge of Micron pricing it will be very interesting to see where the next interim price peak occurs. Also, where will Next Year earnings end up after Micron's earnings report for Q4FY17 is reported the week after next and the "dust" settles.