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To: The Ox who wrote (86409)	2/1/2021 11:14:57 PM
From: Sam	2 Recommendations Recommended By Return to Sender The Ox Respond to of 95526

Micron Technology Announces Upcoming Investor Events BOISE, Idaho, Feb. 01, 2021 (GLOBE NEWSWIRE) -- Micron Technology, Inc. (Nasdaq: MU), today announced its participation in the following investor events: Executive Vice President of Global Operations Manish Bhatia will engage in a fireside chat at the Goldman Sachs Technology and Internet Conference. The event will be webcast live on Thursday, Feb. 11, at 6:50 a.m. Mountain time. Chief Financial Officer David Zinsner will take part in a fireside chat at the Morgan Stanley Technology, Media and Telecom Conference. The event will be webcast live on Wednesday, Mar. 3, at 9:45 a.m. Mountain time. Live webcasts and subsequent replays of presentations can be accessed from Micron’s Investor Relations website at investors.micron.com.

To: The Ox who wrote (86409)

2/3/2021 4:21:48 PM

From: Return to Sender

1 Recommendation

Recommended By
The Ox

Respond to of 95526

Mixed session despite strong earnings from Alphabet and Amazon
03-Feb-21 16:15 ET

Dow +36.12 at 30723.60, Nasdaq -2.23 at 13610.55, S&P +3.86 at 3830.17

briefing.com

[BRIEFING.COM] The stock market finished relatively unchanged on Wednesday, even though Alphabet (GOOG 2070.07, +142.50, +7.4%) and Amazon (AMZN 3312.53, -67.47, -2.0%) reported exceptional earnings results. The S&P 500 (+0.1%), Nasdaq Composite (unch), and Dow Jones Industrial Average (+0.1%) closed little changed, while the Russell 2000 gained 0.4%.

Alphabet shares deservedly surged 7% after the company crushed EPS estimates, but so did Amazon and its shares fell 2%. Presumably, AMZN shares were pressured by an unexpected announcement that Jeff Bezos will step down as CEO and transition into Executive Chair in the third quarter.

Price action at the index level was relatively muted throughout the day, as the market appeared to grow tired legs after a strong two-day rally.

The S&P 500 communication services sector climbed 2.1%, largely due to Alphabet's influence and a trickle-down effect on other ad-based companies. The energy sector advanced the most with a 4.3% gain amid a lingering reopening optimism. Crude futures ($55.70, +0.93, +1.7%) settled above $55.00/bbl.

The consumer discretionary (-0.8%), health care (-0.7%), real estate (-0.4%), and information technology (-0.3%) sectors were on the losing end of the action.

In the health care space, AbbVie (ABBV 106.95, +3.48, +3.4%) and Biogen (BIIB 263.25, -14.47, -5.2%) trended in opposite directions following their earnings reports. GW Pharma (GWPH 211.37, +65.12, +44.5%) agreed to be acquired by Jazz Pharmaceuticals (JAZZ 151.21, -6.08, -3.9%) for about $7.2 billion in cash and stock.

Separately, the ISM Non-Manufacturing Index rose to 58.7% in January (Briefing.com consensus 57.0%) from an upwardly revised 57.7% (from 57.2%) in December. The ADP Employment Change report estimated that 174,000 jobs were added to private-sector payrolls in January (Briefing.com consensus +55,000) following an upwardly revised 78,000 decline (from -123,000) in December.

The better-than-expected economic data continued to suggest the economy is heading in the right direction, which contributed to continued selling interest in longer-dated Treasuries. The 10-yr yield increased three basis points to 1.13%, and the 2-yr yield was flat at 0.11%. The U.S. Dollar Index decreased 0.1% to 91.13. The CBOE Volatility Index dropped 10.4% to 22.91 amid decreased hedging interest.

Reviewing Wednesday's economic data:

The ISM Non-Manufacturing Index rose to 58.7% in January (Briefing.com consensus 57.0%) from an upwardly revised 57.7% (from 57.2%) in December. The dividing line between expansion and contraction is 50.0%. The January reading is the highest since February 2019 and reflects a pickup in the pace of expansion from December.
- The key takeaway from the report is the recognition that the pace of activity in the services sector accelerated in January despite the surge in coronavirus cases, the political tumult, and shutdown measures aimed at curbing the spread of the coronavirus.
The ADP Employment Change report estimated that 174,000 jobs were added to private-sector payrolls in January (Briefing.com consensus +55,000) following an upwardly revised 78,000 decline (from -123,000) in December.
The IHS Markit Services PMI for January was revised higher to 58.3 from 57.5 in the preliminary reading.

Looking ahead, investors will receive the preliminary Q4 readings for Productivity and Unit Labor Costs, weekly Initial and Continuing Claims, and Factory Orders for December on Thursday.

Russell 2000 +9.4% YTD
Nasdaq Composite +5.6% YTD
S&P 500 +2.0% YTD
Dow Jones Industrial Average +0.4% YTD

Market Snapshot

Dow	30723.60	+36.12	(0.12%)
Nasdaq	13610.55	-2.23	(-0.02%)
SP 500	3830.17	+3.86	(0.10%)
10-yr Note	-3/32	1.137

NYSE	Adv 1838	Dec 1332	Vol 1.0 bln
Nasdaq	Adv 2389	Dec 1460	Vol 7.4 bln

Industry Watch

Strong: Communication Services, Energy

Weak: Real Estate, Health Care, Information Technology

Moving the Market

-- Alphabet (GOOG) and Amazon (AMZN) crushed EPS estimates, mixed reactions

-- Two-day rally taking a breather

-- Energy stocks extend recent gains

WTI crude futures settle above $55 per barrel
03-Feb-21 15:25 ET

Dow +83.27 at 30770.75, Nasdaq +23.73 at 13636.51, S&P +12.22 at 3838.53
[BRIEFING.COM] The S&P 500 is up 0.3%, and the Russell 2000 is up 0.4%.

One last look at the S&P sectors before the close shows energy (+4.1%) and communication services (+2.5%) firmly atop the leaderboard, while the consumer discretionary sector (-0.6%) slips to the bottom spot as shares of Amazon (AMZN 3327.66, -52.76, -1.6%) extend losses.

WTI crude futures settled higher by 1.7%, or $0.93, to $55.70/bbl.

To: The Ox who wrote (86409)

2/5/2021 8:29:10 PM

From: Return to Sender

4 Recommendations

Recommended By
oldbeachlvr
Sam
Sr K
The Ox

Respond to of 95526

A trio of record closes to end the strong week
05-Feb-21 16:15 ET

Dow +92.38 at 31148.24, Nasdaq +78.55 at 13856.30, S&P +15.09 at 3886.83

briefing.com

[BRIEFING.COM] The S&P 500 (+0.4%), Nasdaq Composite (+0.6%), and Russell 2000 (+1.4%) set intraday and closing record highs on Friday to cap off an impressive week for the stock market. The Dow Jones Industrial Average (+0.3%) underperformed with a 0.3% gain.

Prior to the open, investors received the January employment report, which was underwhelming but painted the case in Washington for more fiscal stimulus. Briefly, nonfarm payrolls increased by 49,000 (Briefing.com consensus 50,000) following a 227,000 decline in December, and the unemployment rate improved to 6.3% (Briefing.com consensus 6.7%) from 6.7% in December.

Right out of the gate, the cyclical sectors and small-cap stocks assumed the early leadership, partly due to stimulus-induced growth optimism and positive momentum, but the gains were relatively broad-based. The S&P 500 materials (+1.7%), communication services (+1.0%), and energy (+0.9%) sectors finished atop the leaderboard.

The information technology (-0.2%) restrained the broader advance and was the only sector that closed lower today.

Earnings reports for the fourth quarter continued to exceed expectations, with shares of Snap (SNAP 63.64, +5.33, +9.1%), Activision Blizzard (ATVI 101.61, +8.93, +9.6%), and Estee Lauder (EL 272.81, +19.76, +7.8%) reacting positively to the good news. T-Mobile US (TMUS 125.28, -5.32, -4.1%) and Peloton (PTON 148.30, -9.23, -5.9%) closed lower following their reports.

Separately, the House passed a budget resolution that unlocks a budget reconciliation process for the next stimulus package. The stimulus bill would only need a simple majority to pass, and lawmakers will reportedly spend the next few weeks drafting its contents.

The U.S. Treasury yield curve continued to steepen, caused by selling pressure in longer-dated maturities and demand for shorter-dated ones. The 10-yr yield increased three basis points to 1.17%, while the 2-yr yield decreased two basis points to 0.09%. The U.S. Dollar Index fell 0.6% to 90.99. WTI crude futures increased 1.2%, or $0.69, to $56.89/bbl.

Reviewing Friday's economic data:

January nonfarm payrolls increased by 49,000 (Briefing.com consensus 50,000). January private sector payrolls increased by 6,000 (Briefing.com consensus 60,000). January unemployment rate was 6.3% (Briefing.com consensus 6.7%), versus 6.7% in December. The average workweek in January was 35.0 hours (Briefing.com consensus 34.7), versus 34.7 hours in December.
- The key takeaway from the report is that it will paint the case in Washington for more stimulus.
The December Trade Balance Report showed a narrowing in the trade deficit to -$66.6 billion (Briefing.com consensus -$65.7 billion) from a downwardly revised -$69.0 billion (from -$68.1 billion) in November.
- The key takeaway from the report is found in the annual summary for 2020, which indicates the goods and services deficit widened to $678.7 billion from $576.9 billion in 2019. Exports of goods decreased by $217.7 billion while imports decreased by $166.2 billion, underscoring the global demand drop-off amid the pandemic.
Consumer credit increased by $9.7 bln in December after increasing a downwardly revised $13.9 bln (from $15.3 bln) in November.
- The key takeaway from the report is that revolving credit decreased for the ninth time over the last ten months dating back to February, which preceded the initial pandemic lockdown period taking hold in the U.S.

Investors will not receive any notable economic data on Monday.

Russell 2000 +13.1% YTD
Nasdaq Composite +7.5% YTD
S&P 500 +3.5% YTD
Dow Jones Industrial Average +1.8% YTD

Market Snapshot

Dow	31148.24	+92.38	(0.30%)
Nasdaq	13856.30	+78.55	(0.57%)
SP 500	3886.83	+15.09	(0.39%)
10-yr Note	-2/32	1.171

NYSE	Adv 2126	Dec 1059	Vol 938.0 mln
Nasdaq	Adv 2559	Dec 1321	Vol 6.6 bln

Industry Watch

Strong: Energy, Materials, Communication Services, Communication Services, Consumer Staples

Weak: Information Technology

Moving the Market

-- S&P 500, Nasdaq, and Russell 2000 set intraday and closing record highs

-- Lackluster January employment report fed into the view for more fiscal stimulus

-- Positive momentum

WTI crude futures extend weekly gains
05-Feb-21 15:30 ET

Dow +88.68 at 31144.54, Nasdaq +66.94 at 13844.69, S&P +14.88 at 3886.62
[BRIEFING.COM] The S&P 500 is trading higher by 0.4% and is on track to close at a fresh record high.

One last look at the sector performances shows materials (+1.8%) outperforming after it was the only sector that closed lower yesterday. The information technology sector (-0.3%) finds itself as the today's lone sector holdout.

WTI crude futures settled higher by 1.2%, or $0.69, to $56.89/bbl. Crude futures rose 9.0% this week.