Micron Technology, Inc. (NASDAQ:MU) is one of the top 10 undervalued blue chip stocks analysts recommend for smart investing. Susquehanna lifted the price target on Micron Technology, Inc. (NASDAQ:MU) to $1,750 from $600 on May 29 and maintained a Positive rating on the shares. The firm stated that its checks suggest Q2 DRAM average selling prices […]
Micron Technology, Inc. (NASDAQ:MU) is one of the top 10 undervalued blue chip stocks analysts recommend for smart investing. Susquehanna lifted the price target on Micron Technology, Inc. (NASDAQ:MU) to $1,750 from $600 on May 29 and maintained a Positive rating on the shares. The firm stated that its checks suggest Q2 DRAM average selling prices […]
Morning Brief host Julie Hyman is joined by Yahoo Finance Tech Editor Dan Howley and Investopedia Editor-in-Chief Caleb Silver to discuss Alphabet's (GOOG, GOOGL) move to issue equity to fund its $80 billion AI infrastructure buildout.
Morning Brief host Julie Hyman is joined by Yahoo Finance Tech Editor Dan Howley and Investopedia Editor-in-Chief Caleb Silver to discuss Alphabet's (GOOG, GOOGL) move to issue equity to fund its $80 billion AI infrastructure buildout.
Douglas Rissing/iStock via Getty Images A biopharmaceutical company involved in developing drugs derived from cannabinoids, as well as several doctors and groups opposed to cannabis reform, have sued the Trump administration over its plans to reschedule marijuana as a Schedule III substance. In their lawsuit, plaintiffs argue that the Final Order signed by the DEA in April " was issued without pri...
Douglas Rissing/iStock via Getty Images A biopharmaceutical company involved in developing drugs derived from cannabinoids, as well as several doctors and groups opposed to cannabis reform, have sued the Trump administration over its plans to reschedule marijuana as a Schedule III substance. In their lawsuit, plaintiffs argue that the Final Order signed by the DEA in April " was issued without prior notice-and-comment rulemaking…, without a formal hearing on the record…, without consultation of the recommendation of the Department of Health and Human Services ('HHS') on rescheduling, without consideration of the administrative process regarding rescheduling that was already in progress..." That order was signed by Acting Attorney General Todd Blanche, who is named as a defendant, as is DEA Administrator Terrance Cole. The lawsuit, reported by Marijuana Moment and filed on May 28, frequently cites 21 U.S.C. 811 of the United States Code, a section dealing with the authority and criteria for classification of controlled substances. Plaintiffs further contend that the order did not adequately consider marijuana's health risks and is unlawful because marijuana would be placed into Schedule III while maintaining regulations that apply to it that are similar to those for Schedule I and II substances. Multi-state operators: Ascend Wellness ( OTCQX:AAWH ), Curaleaf Holdings ( OTCPK:CURLF ), Cresco Labs ( OTCQX:CRLBF ), Green Thumb Industries ( OTCQX:GTBIF ), Trulieve Cannabis ( OTCQX:TCNNF ), Ayr Wellness ( OTCQX:AYRWF ), Verano Holdings ( VRNO ), and Jushi Holdings ( OTCQX:JUSHF ). Cannabis ETFs: AdvisorShares Pure Cannabis ETF (NYSEARCA: YOLO ), Amplify Alternative Harvest ETF ( MJUS ), and Amplify Seymour Cannabis ETF (NYSEARCA: CNBS ). More on multi-state operators Curaleaf Benefits From Cannabis Rescheduling And International Growth Green Thumb Industries Will Benefit From Medical Cannabis Rescheduling Cresco Labs Inc. (CRLBF) Q1 2026 Earnings Call Transcript State AGs...
Arturo Calderon/iStock via Getty Images Thesis Summary Micron ( MU ) has had a momentous rally in the last month. Just two months ago, the stock was trading at under $500, and I wrote then that I’d be looking to sell if we reached $1,000 in 2026. That day has come, and I am standing by my word. While earnings estimates have been revised, and MU could go higher from here, there are enough compellin...
Arturo Calderon/iStock via Getty Images Thesis Summary Micron ( MU ) has had a momentous rally in the last month. Just two months ago, the stock was trading at under $500, and I wrote then that I’d be looking to sell if we reached $1,000 in 2026. That day has come, and I am standing by my word. While earnings estimates have been revised, and MU could go higher from here, there are enough compelling reasons to sell. Concerns over the whole AI space, stretched technicals, and macro struggles are all lining up. This is a good time to take profit, and I am downgrading Micron to Sell. Revisiting My $1,000 Price Target Back on March 3rd, I laid out my $1,000 target based on an assessment of long-term growth, PE, and PEG. However, things have changed somewhat. MU EPS Estimates (SA) Back in March, EPS estimates for 2026 were around $33. This has now increased to just shy of $59, which is over a 70% increase. Now, if we were to apply a 30 PE to 2026 earnings, Micron could actually be worth close to $2,000. But earnings estimates aren’t the only thing that moves stocks, and as we've seen in the last 60 days, they can drastically change. Key Reasons I Am Selling I already highlighted some key reasons I would sell Micron in my last piece. A lot of these risk factors, and newer ones, have now emerged that make me even more cautious about Micron. The Shift in AI Spending While topline growth in AI continues to be strong and investors keep chasing the next AI bottleneck, the truth is that we’re already seeing AI users in the corporate space step back from spending. As I highlighted here , Uber ( UBER ) recently questioned whether their AI spending was actually profitable. Notably, Microsoft ( MSFT ) also recently pulled back its Claude Code license after saying its engineers were using it too much. AI demand may be peaking, at least for the time being, and perhaps more importantly, it may be shifting. Shifting Supply and Demand Micron has benefited from a squeeze in HBM prices, an...
Meta Platforms, Inc. (NASDAQ:META) is one of the best stocks to buy now for long term growth. Reuters reported on May 29 that according to its internal documentation, Meta Platforms, Inc.’s (NASDAQ:META) plans to collect detailed records of computer usage by U.S. employees to train its AI models are more extensive than described initially, and are […]
Meta Platforms, Inc. (NASDAQ:META) is one of the best stocks to buy now for long term growth. Reuters reported on May 29 that according to its internal documentation, Meta Platforms, Inc.’s (NASDAQ:META) plans to collect detailed records of computer usage by U.S. employees to train its AI models are more extensive than described initially, and are […]
Alphabet Inc. (NASDAQ:GOOG) is one of the best stocks to buy now for long term growth. Truist lifted the price target on Alphabet Inc. (NASDAQ:GOOG) to $430 from $415 on May 29, maintaining a Buy rating on the shares and telling investors that by looking at recent deals and the backlog, consensus revenue estimates for […]
Alphabet Inc. (NASDAQ:GOOG) is one of the best stocks to buy now for long term growth. Truist lifted the price target on Alphabet Inc. (NASDAQ:GOOG) to $430 from $415 on May 29, maintaining a Buy rating on the shares and telling investors that by looking at recent deals and the backlog, consensus revenue estimates for […]
gdinMika Crown Castle CEO Chris Hillabrand has spent the first seven to eight months of his nine-month tenure as Crown Castle's ( CCI ) CEO managing the company's sale of its fiber and small cell business as well as dealing with its litigation against DISH. Now, he's focusing on organically growing the telecom tower REIT. "We’re now in a space where we can compete and focus on being the best tower...
gdinMika Crown Castle CEO Chris Hillabrand has spent the first seven to eight months of his nine-month tenure as Crown Castle's ( CCI ) CEO managing the company's sale of its fiber and small cell business as well as dealing with its litigation against DISH. Now, he's focusing on organically growing the telecom tower REIT. "We’re now in a space where we can compete and focus on being the best tower company," he said Tuesday in a presentation at Nareit's REITweek conference. Hillabrand, who has spent most of his 30+-year career in telecom equipment, sees potential in providing services to tenants, such as preconstruction, a “very profitable” segment. "What I’m hearing from customers is they're looking for more of a turnkey approach," he said. That's what competitors are offering. He also said the company has several trials running in edge compute. The company is assessing its "ability to perhaps scale and take a piece of AI growth," Hillabrand. With the REIT completing the sale of the fiber and small-cell businesses, it's also structuring the company to accelerate growth. It has taken out "several layers of management" to allow it to respond to customers more quickly, Hillabrand said. It has also brought in some new talent to bolster growth after the transition. Last month, Crown Castle ( CCI ) named Mark Lennon as chief information officer, leading data, digital strategies, and teams. He was most recently CIO and digital officer at Netpower, where he developed and led this startup through its digital strategy for a new phase of growth. With the focus on organic growth, Crown Castle ( CCI ) needed someone who was AI conversant. "We have a great opportunity with the kind of platforms we’re implementing," Hillabrand said. Crown Castle ( CCI ) stock edged up 0.1% in Tuesday morning trading. More on Crown Castle Crown Castle: Turnaround Taking Hold, Playing It With Put Option Writing Crown Castle: The 2026 Reset Paves The Way For A Re-Rating Crown Castle Inc. 2026 Q1 - Re...
Investors in Microsoft Corporation (Symbol: MSFT) saw new options become available today, for the June 17th expiration. At Stock Options Channel, our YieldBoost formula has looked up and down the MSFT options chain for the new June 17th contracts and identified one put and one
Investors in Microsoft Corporation (Symbol: MSFT) saw new options become available today, for the June 17th expiration. At Stock Options Channel, our YieldBoost formula has looked up and down the MSFT options chain for the new June 17th contracts and identified one put and one
ileezhun/iStock via Getty Images Amid improved automation and efficiencies, production rises, but employment doesn’t, or only a little. Manufacturers in the US were on a roll in May, expanding at the fastest rate since May 2022, after months of acceleration, amid surging orders and exploding input costs and soaring output prices, according to the two Purchasing Managers Indices released today, the...
ileezhun/iStock via Getty Images Amid improved automation and efficiencies, production rises, but employment doesn’t, or only a little. Manufacturers in the US were on a roll in May, expanding at the fastest rate since May 2022, after months of acceleration, amid surging orders and exploding input costs and soaring output prices, according to the two Purchasing Managers Indices released today, the S&P Global Manufacturing PMI for the US and the ISM Manufacturing PMI. Though they differ substantially and don’t always agree, both PMIs grew at the fastest rate since May 2022. But don’t expect a surge in employment: In the US, manufacturing is about improving automation and efficiencies – more production with less labor. And both PMIs showed that. The S&P Global Manufacturing PMI for US manufacturers rose to 55.1 in May, the fastest rate of growth since May 2022 and the third month of accelerating growth (above 50 = growth), as production increased at the fastest rate since April 2022, and as orders increased, “largely driven by client efforts to build stock given expectations of further price rises and supply delays.” Supply chains began to struggle, and supplier delivery times deteriorated by the most since August 2022 (chart via Trading Economics). Prices, oh my! Manufacturers’ input cost inflation exploded in May from April, with the index spiking by the most since July 2022 – driven by “raw material prices, particularly for fuel and oil-related products” (blue line in the chart below). And prices charged by manufacturers soared in May from April by the most since September 2022 (brown line) “as they sought to pass through their own higher expenses to clients wherever possible” (chart by S&P Global Market Intelligence ): Fears of more inflation and supply chain disruptions have begun to cause frontloading of purchases: “Purchasing activity rose solidly since April and was often linked to higher production requirements and efforts to mitigate against further price in...
Investors in Vertiv Holdings Co (Symbol: VRT) saw new options become available today, for the June 2027 expiration. One of the key inputs that goes into the price an option buyer is willing to pay, is the time value, so with 380 days until expiration the newly available contrac
Investors in Vertiv Holdings Co (Symbol: VRT) saw new options become available today, for the June 2027 expiration. One of the key inputs that goes into the price an option buyer is willing to pay, is the time value, so with 380 days until expiration the newly available contrac
Investors in Dell Technologies Inc (Symbol: DELL) saw new options begin trading today, for the June 2028 expiration. One of the key inputs that goes into the price an option buyer is willing to pay, is the time value, so with 745 days until expiration the newly trading contract
Investors in Dell Technologies Inc (Symbol: DELL) saw new options begin trading today, for the June 2028 expiration. One of the key inputs that goes into the price an option buyer is willing to pay, is the time value, so with 745 days until expiration the newly trading contract
Investors in United States Oil Fund (Symbol: USO) saw new options become available today, for the June 17th expiration. At Stock Options Channel, our YieldBoost formula has looked up and down the USO options chain for the new June 17th contracts and identified one put and one
Investors in United States Oil Fund (Symbol: USO) saw new options become available today, for the June 17th expiration. At Stock Options Channel, our YieldBoost formula has looked up and down the USO options chain for the new June 17th contracts and identified one put and one
Investors in Global X Funds - Global X Copper Miners ETF (Symbol: COPX) saw new options become available today, for the June 2027 expiration. One of the key inputs that goes into the price an option buyer is willing to pay, is the time value, so with 380 days until expiration t
Investors in Global X Funds - Global X Copper Miners ETF (Symbol: COPX) saw new options become available today, for the June 2027 expiration. One of the key inputs that goes into the price an option buyer is willing to pay, is the time value, so with 380 days until expiration t