El interés en corto de Micron Technology da a los inversores una idea del grado en que los inversores apuestan por la caída de las acciones de Micron Technology. Los datos de interés en corto se actualizan cada dos semanas.

Micron Technology (NASDAQ:MU) Bolsa, Informe de interés en corto

Micron Technology

Micron is one of the largest semiconductor companies in the world, specializing in memory and storage chips. Its primary revenue stream comes from dynamic random access memory, or DRAM, and it also has minority exposure to not-and or NAND, flash chips. Micron serves a global customer base, selling chips into data centers, mobile phones, consumer electronics, and industrial and automotive applications. The firm is vertically integrated.

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Descubre qué gigante de los semiconductores está ganando en la batalla tecnológica: Broadcom, Micron o Marvell. Análisis de tendencias clave.

Guerra de semiconductores: Broadcom (AVGO) Vs. Micron (MU) Vs. Marvell (MRVL)

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Nvidia y otros chips caen antes de la apertura del martes, influenciados por la aversión al riesgo y tensiones geopolíticas.

Nvidia y TSMC lideran la caída de las acciones de chips: ¿Qué está sucediendo?

Nvidia presenta sólidos resultados en el 2T, pero sus acciones caen. Descubre por qué esto podría ser una oportunidad para Micron.

¿Qué está pasando con las acciones de Micron (MU) el jueves?

Micron Technology Inc

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LIGHTSPEED DISCOVERIS INC by LIGHTSPEED DISCOVERIES INC.

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Micron CEO Says Demand From Data Center Customers Continues To Be Strong, And Customer Inventory Levels Are Healthy, Expect Healthier Inventories At PC OEMs By Spring 2025; Says Smartphone Unit Volumes On Track To Grow In The Low To Mid-Single-Digit Percentage Range In Calendar 2024

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Shares of semiconductor and chip stocks are trading higher following strong earnings from Micron.

Micron Technology Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MU#NASDAQ">MU</a>) reported fourth-quarter financial results after the market close on Wednesday. Here&#8217;s a look at the key metrics from the quarter.
Q4 Earnings: Micron reported fourth-quarter revenue of $7.75 billion, beating the&nbsp;<a href="https://www.benzinga.com/calendars/earnings" target="_blank" rel="noreferrer noopener">consensus estimate</a>&nbsp;of $7.635 billion. The company reported fourth-quarter adjusted earnings of $1.18 per share, beating analyst estimates of $1.13 per share, according to <a href="http://pro.benzinga.com/" target="_blank" rel="noreferrer noopener">Benzinga Pro</a>.
Operating cash flow came in at $3.41 billion versus $2.48 billion in the prior quarter and $249 million in the comparable quarter last year. Adjusted free cash flow was $323 million in the quarter. The company ended the quarter with $9.16 billion in cash, marketable investments and restricted cash. 
"Micron delivered 93% year-over-year revenue growth in fiscal Q4, as robust AI demand drove a strong ramp of our data center DRAM products and our industry-leading high bandwidth memory. Our NAND revenue record was led by data center SSD sales, which exceeded $1 billion in quarterly revenue for the first time," said&nbsp;Sanjay Mehrotra, president and CEO of Micron.
"We are entering fiscal 2025 with the best competitive positioning in Micron&#8217;s history. We forecast record revenue in fiscal Q1 and a substantial revenue record with significantly improved profitability in fiscal 2025."
Micron noted that its board declared a quarterly cash dividend of $0.115 per share, payable on Oct. 23 to shareholders of record as of Oct. 7.
See Also: <a href="https://www.benzinga.com/news/24/09/41032461/meta-unveils-new-ai-features-quest-3s-llama-3-2-holographic-orion-glasses-at-connect-2024-we-are-get">Meta Unveils New AI Features, Quest 3S, Llama 3.2, Holographic Orion Glasses At Connect 2024: &#8216;We Are Getting Closer To Achieving The Dream Of Reality Labs&#8217;</a>
What&#8217;s Next: Micron sees first-quarter revenue of $8.7 billion, plus or minus $200 million. The company expects first-quarter adjusted earnings of $1.74 per share, plus or minus eight cents per share.
Micron management will hold a conference call to discuss these quarterly results at 4:30 p.m. ET.
MU Price Action: <a href="https://www.benzinga.com/quote/MU" target="_blank" rel="noreferrer noopener">Micron shares</a> were up 11.74% after hours, trading at $107.03 at the time of publication Wednesday, according to <a href="http://pro.benzinga.com" target="_blank" rel="noreferrer noopener">Benzinga Pro</a>.
Photo: Shutterstock.

Earnings

Guidance

Micron Q4 Earnings: Revenue, EPS Beat On 'Robust AI Demand,' Company Sees 'Significantly Improved' Profitability Ahead, Shares Surge

Micron shares are trading higher following better-than-expected Q4 financial results.

Micron Sees Q1 Revenue at $8.70B ± $200M, Adj. EPS $1.66-$1.82

Earnings Beats

Micron Technology Q4 2024 Adj. EPS $1.18 Beats $1.13 Estimate, Sales $7.750B Beat $7.635B Estimate

After experiencing a declining trend since its highs in 2021, Intel Co. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/intc#NASDAQ">INTC</a>) stock is now trading at a mere 43% of its 52-week high today. While this price action could have caused most to avoid such underperformance, there are others who can spot and appreciate the deep value aspect of this steep discount, one that can be taken advantage of today.
For reasons that investors will clear up in a bit, Intel and not peers like Micron Technology Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/mu#NASDAQ">MU</a>) got the benefit of the doubt from the United States government in a recent grant to further build out the semiconductor supply chain domestically. The technology sector has seen major swings since COVID-19, though these two chip makers fell behind by a significant rate.
This could change for Intel stock soon; however, last week alone, it rallied by nearly 10% to end the period on a new announcement. But, before investors know which event drove the stock higher to the end of the week, they should know that the semiconductor industry could be about to shift into its sales cycle as supply tightens and margins improve for Intel.
<h2>Qualcomm&#39;s $100 Billion Starting Takeover Bid for Intel: How High Could It Go?</h2>
Considering that Intel rose to a near $100 billion market capitalization, investors could safely assume that Qualcomm Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/qcom#NASDAQ">QCOM</a>) has to make the starting takeover bid at this price. The fact is, however, that Intel shareholders will likely command a premium price on their holdings, especially after recent events.
So, how high can the bid go? Investors can look to Wall Street analysts for some guidance, particularly their earnings per share (EPS) growth forecasts. At $0.02 a share, analysts expect Intel to earn up to $0.23 EPS in the next 12 months.
Now that Wall Street expects Intel to see a tenfold increase in profits, analysts at Northland Securities decided to keep their &quot;Outperform&quot; rating on Intel stock and boosted their valuations to $42 a share. To prove these valuations right, Intel stock would need to rally by as much as 92.6% from where it trades today.
Despite the stock&#39;s underperformance over the past three years, Intel has managed to accumulate enough bullish trends to shake off a few bears. In the past month, Intel stock&#39;s short interest declined by 9.6%, showing signs of bearish capitulation, leaving room for bulls to take their place instead.
Some of the bulls that came in to lead the way include Legal &amp; General Group, which boosted their holdings in Intel sock by 1.3% as of August 2024. This may seem like little on a percentage basis. Still, the addition netted the Group&#39;s investment in Intel stock at a $1.2 billion level today.
However, this is only a small percentage of the $13.6 billion in institutional capital that entered the company over the past 12 months, one factor that investors should watch out for in the coming months as these takeover talks take place.
<h2>Intel Stock Gains Another Major Backer as Markets Spot a Massive Discount</h2>
Recently, the government announced another round of grants for the semiconductor industry, and this time, Intel stock earned its place in the funding list with $3.5 billion in grants. It is important for investors to keep this in mind for the following reasons.
It wasn&#39;t NVIDIA Co.&nbsp;that received these grants, and it wasn&#39;t Micron Technology that received a takeover bid from Qualcomm despite having a similar market capitalization ($100.8 billion) to Intel. This confidence from investors and the government directly adds value to the company&#39;s brand.
This news also created interest in the sock, another important gauge for investors to consider when evaluating this potential value play. Intel stock has an average volume of 57.6 million, and recently, the volume spiked to 260.4 million shares.
The combination of good news and Intel&#39;s discount caused this much volume to come into the company, showing interest from new buyers. Here&#39;s how steep of a discount Intel offers investors today, the same discount that Qualcomm probably considered when reviewing its takeover bid.
Comparing price-to-book (P/B) ratios between Intel and the computer sector would show this divergence. Intel stock now trades at a low of 0.8x P/E, a discount not only to its own book value but also to the industry&#39;s average valuation of 7.0x P/B.
The article &quot;<a href="https://www.marketbeat.com/stock-ideas/jump-on-intel-now-qualcomms-bid-could-ignite-a-rally/">Jump on Intel Now: Qualcomm&#39;s Bid Could Ignite a Rally</a>&quot; first appeared on MarketBeat.

Large Cap

Jump on Intel Now: Qualcomm's Bid Could Ignite a Rally

To gain an edge, this is what you need to know today.
<figure class="wp-block-image size-large is-resized"><img decoding="async" src="https://thearorareport.com/wp-content/uploads/2024/09/2024-09-25_08h49_58.png" alt="" style="width:624px" /></figure>
<h3 class="wp-block-heading">The Key To The AI Trade</h3>
Please <a href="https://thearorareport.com/chart-analysis-stock-market-micron-earnings-china-rate-cut-mu-mc-09252024">click here</a> for a chart of Micron Technology Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MU#NASDAQ">MU</a>).
Note the following:
<ul>
<li>This article is about the big picture, not an individual stock.&nbsp; The chart of MU stock is being used to illustrate the point.</li>
<li>Micron is one of the three largest semiconductor memory makers in the world.</li>
<li>The demand for high bandwidth memory for AI applications is rapidly increasing.</li>
<li>The chart shows Micron's last two earnings and the market reaction.</li>
<li>The chart shows that MU stock peaked with a bearish engulfing candle. A bearish engulfing candle is a negative pattern.</li>
<li>The chart shows when the Arora signal was given to take partial profits.</li>
<li>As full disclosure, MU is long from $21.77 in The Arora Report&#8217;s ZYX Buy portfolio that surrounds the Core Model Portfolio.</li>
<li>The chart shows a very substantial drop in the stock.&nbsp; There are two reasons for the drop:
<ul>
<li>From a fundamental perspective, the demand for memory in smartphones has been soft.</li>
<li>At its peak, MU had become a crowded trade, and Wall Street positioning had become extremely positive. These are the two factors that often lead to big drops.</li>
</ul>
</li>
<li>Going into earnings, here are the key points:
<ul>
<li>Whisper numbers are below the consensus numbers.&nbsp; This is an oddity among AI stocks.&nbsp; Among AI stocks, whisper numbers have consistently been higher than consensus numbers.</li>
<li>Wall Street positioning is negative.</li>
<li>The chart shows that MU stock has bounced off of the support zone.</li>
<li>Historically, when the foregoing factors are combined, the stock goes up after earnings.</li>
</ul>
</li>
<li>Micron earnings and the stock reaction will be an important key to the AI trade.</li>
<li>Some of Micron's business is a commodity business and therefore does not have the same moat as Nvidia (NVDA).&nbsp; Nonetheless, investors should be cognizant that many AI stocks have become crowded trades and Wall Street positioning is extremely positive.&nbsp; This is the fifth stage of a change.&nbsp; Please <a href="https://thearorareport.com/ppp-long-trade-ppp">click here</a> to see the five stages of a long trade.&nbsp; &nbsp; Please <a href="https://thearorareport.com/five-stages-of-a-short-trade-ppp">click here</a> for five stages of a short trade.</li>
<li>As an actionable item, investors should pay attention to the protection band as well as posts calling for hedging AI stocks.</li>
<li>We have seen sharing with you the stimulus measures the Chinese government has been taking and the resulting rally that is taking place in the Chinese stock market.&nbsp; The latest is that China has now cut the one year policy rate by the largest amount ever, from 2.3% to 2%.</li>
<li>The Arora Report has followed China continuously for the last 17 years.  The two ETFs of interest are Mainland China ETF Xtrackers Hvst CSI 300 China A Shs ETF Class A (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ASHR#NYSE">ASHR</a>) and Hong Kong ETF iShares China Large-Cap ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FXI#NYSE">FXI</a>). </li>
<li>What happens in China has a major impact on all markets around the globe,including the U.S. stock market.&nbsp; The world is interconnected.&nbsp; Even investors who do not invest outside of the U.S. need to pay attention to what is happening in the rest of the world.
<ul>
<li>The Arora Report has continuously followed economic indicators in 23 countries over the last 17 years.</li>
</ul>
</li>
<li>Consumer confidence came at 98.7 vs. 102.9 consensus.&nbsp; In The Arora Report analysis, this data went against the soft landing and no landing scenarios.&nbsp; However, for the time being, the stock market celebrated lower consumer confidence on the hope that falling consumer confidence would lead the Fed to another 50 bps cut in interest rates.</li>
</ul>
<h3 class="wp-block-heading">Magnificent Seven Money Flows</h3>
In the early trade, money flows are positive in NVIDIA Corp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>).
In the early trade, money flows are neutral in Amazon.com, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMZN#NASDAQ">AMZN</a>), Alphabet Inc Class C (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOG#NASDAQ">GOOG</a>), Microsoft Corp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSFT#NASDAQ">MSFT</a>), and Meta Platforms Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/META#NASDAQ">META</a>).
In the early trade, money flows are negative in Apple Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AAPL#NASDAQ">AAPL</a>) and Tesla Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>).
In the early trade, money flows are mixed in SPDR S&amp;P 500 ETF Trust (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SPY#NYSE">SPY</a>) and Invesco QQQ Trust Series 1 (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QQQ#NASDAQ">QQQ</a>).
<h3 class="wp-block-heading">Momo Crowd And Smart Money In Stocks</h3>
Investors can gain an edge by knowing money flows in SPY and QQQ.  Investors can get a bigger edge by knowing when smart money is buying stocks, gold, and oil.  The most popular ETF for gold is SPDR Gold Trust (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GLD#NYSE">GLD</a>).  The most popular ETF for silver is iShares Silver Trust (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SLV#NYSE">SLV</a>).  The most popular ETF for oil is United States Oil ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/USO#NYSE">USO</a>).
<h3 class="wp-block-heading">Bitcoin</h3>
Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>) is range bound.
<h3 class="wp-block-heading">Protection Band And What To Do Now</h3>
It is important for investors to look ahead and not in the rearview mirror.
Consider continuing to hold good, very long term, existing positions. Based on individual risk preference, consider a protection band consisting of cash or Treasury bills or short-term tactical trades as well as short to medium term hedges and short term hedges. This is a good way to protect yourself and participate in the upside at the same time.
You can determine your protection bands by adding cash to hedges.&nbsp; The high band of the protection is appropriate for those who are older or conservative. The low band of the protection is appropriate for those who are younger or aggressive.&nbsp; If you do not hedge, the total cash level should be more than stated above but significantly less than cash plus hedges.
A protection band of 0% would be very bullish and would indicate full investment with 0% in cash.&nbsp; A protection band of 100% would be very bearish and would indicate a need for aggressive protection with cash and hedges or aggressive short selling.
It is worth reminding that you cannot take advantage of new upcoming opportunities if you are not holding enough cash.&nbsp; When adjusting hedge levels, consider adjusting partial stop quantities for stock positions (non ETF); consider using wider stops on remaining quantities and also allowing more room for high beta stocks.&nbsp; High beta stocks are the ones that move more than the market.
<h3 class="wp-block-heading">Traditional 60/40 Portfolio</h3>
Probability based risk reward adjusted for inflation does not favor long duration strategic bond allocation at this time.
Those who want to stick to traditional 60% allocation to stocks and 40% to bonds may consider focusing on only high quality bonds and bonds of five year duration or less.&nbsp; Those willing to bring sophistication to their investing may consider using bond ETFs as tactical positions and not strategic positions at this time.
Footer:The Arora Report is known for its accurate calls. The Arora Report correctly called the big artificial intelligence rally before anyone else, the new bull market of 2023, the bear market of 2022, new stock market highs right after the virus low in 2020, the virus drop in 2020, the DJIA rally to 30,000 when it was trading at 16,000, the start of a mega bull market in 2009, and the financial crash of 2008. Please click here to sign up for a free forever <a href="https://thearorareport.com/generate-wealth-newsletter-benzinga">Generate Wealth Newsletter</a>.

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Micron Earnings Ahead - Key To AI Trade; Biggest One Year Rate Cut In China

The S&amp;P 500 reached record highs during Wednesday morning trading in New York, while the tech-heavy Nasdaq 100 climbed past the 20,000-point mark, a level last <a href="https://www.benzinga.com/money/best-tech-stocks">seen on July 17.</a>
Semiconductor stocks outperformed, driven by anticipation of Micron Technology Inc.&#8217;s (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MU#NASDAQ">MU</a>) earnings report, due after the market close on Wednesday.
Yet, Wall Street showed sideways performance across major indices as investors cautiously digested positive stimulus news from China, which boosted market sentiment on Tuesday, and looked ahead to upcoming economic data.
On Thursday, investors will turn their attention to the final second-quarter gross domestic product report. The second estimate already showed the U.S. economy growing at a robust 3% pace for the quarter ending in June.
Weekly jobless claims will also be closely monitored, especially after the latest Conference Board Consumer Confidence Index revealed growing labor market concerns among U.S. households.
Friday brings the release of the personal consumption expenditures price index for August, the Federal Reserve&#8217;s <a href="https://www.benzinga.com/news/large-cap/24/09/41029162/feds-favorite-inflation-data-friday-could-sway-november-interest-rate-cut-odds">preferred inflation gauge</a>. This data could provide critical clues about the expectations for the November rate cut.
The U.S. dollar index edged higher Wednesday, supported by a slight rise in Treasury yields. Oil prices dipped by 1% but pared heavier losses after a larger-than-expected draw in crude oil inventories suggested continued strong demand.
In the crypto space, Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>) fell 0.8%, retreating from an intraday high of $64,800 – its highest level since late July.
<h3 class="wp-block-heading">Wednesday&#8217;s Performance In Major US Indices, ETFs</h3>
<figure class="wp-block-table is-style-stripes"> 
<table>
<tbody>
<tr>
<td>Major Indices </td>
<td>Price</td>
<td>1-day %chg</td>
</tr>
<tr>
<td>Nasdaq 100</td>
<td>20,003.52</td>
<td>0.3%</td>
</tr>
<tr>
<td>S&amp;P 500</td>
<td>5,732.42</td>
<td>0.0%</td>
</tr>
<tr>
<td>Russell 2000</td>
<td>2,214.40</td>
<td>-0.4%</td>
</tr>
<tr>
<td>Dow Jones</td>
<td>41,986.73</td>
<td>-0.5%</td>
</tr>
</tbody>
</table>
<figcaption class="wp-element-caption">Updated at 11:30 a.m.</figcaption></figure>
According to <a href="https://bzresearch.myclickfunnels.com/benzinga-pro-content-webinar-registration/?utm_source=BZprocontent092524&amp;t=be2bearmibe3na1">Benzinga Pro</a> data: 
<ul>
<li>The&nbsp;SPDR S&amp;P 500 ETF Trust&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SPY#NYSE">SPY</a>)&nbsp;flattened at $570.76.</li>
<li>The&nbsp;SPDR Dow Jones Industrial Average&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DIA#NYSE">DIA</a>)&nbsp;flattened at $420.90.</li>
<li>The tech-heavy Invesco QQQ Trust Series (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QQQ#NASDAQ">QQQ</a>) rose 0.2% to $486.27.</li>
<li>The iShares Russell 2000 ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IWM#NYSE">IWM</a>) fell to $219.22.</li>
<li>The Technology Select Sector SPDR Fund (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XLK#NYSE">XLK</a>) outperformed, up 0.4%. The Energy Select Sector SPDR Fund (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XLE#NYSE">XLE</a>) lagged, down 0.9%.</li>
</ul>
<h3 class="wp-block-heading">Wednesday&#8217;s Stock Movers </h3>
<ul>
<li>Duolingo Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/DUOL#NASDAQ">DUOL</a>) rallied 6% after Evercore ISI raised the price target from $270 to $335. </li>
<li>Fortrea Holdings Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FTRE#NASDAQ">FTRE</a>) tumbled nearly 10% after Jefferies downgraded the stock from Buy to Hold. </li>
<li>Vistra Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/VST#NYSE">VST</a>) rallied nearly 5% after Jefferies raised the price target from $99 to $137. </li>
<li>Ford Motor Co. and General Motors Co. fell 4.4% and 5%, respectively, after receiving a downgrade from Morgan Stanley.</li>
<li>Hewlett Packard Enterprise Company (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HPE#NYSE">HPE</a>) rallied 4.9% after Barclays upgraded the stock from Equalweight to Overweight, raising the price target from $20 to $24. </li>
<li>Companies reporting earnings after the close include Micron Technology Inc and Jefferies Financial Group Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/JEF#NYSE">JEF</a>). </li>
</ul>
Read Next:
<ul>
<li><a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/09/41025381/exclusive-novo-nordisk-faces-political-heat-over-weight-loss-drug-prices-ahead-of-e">EXCLUSIVE: Novo Nordisk Faces Political Heat Over Weight-Loss Drug Prices Ahead Of Elections, Yet &#8216;The Real Issue Is With The Middlemen&#8217;</a></li>
</ul>
Photo via Shutterstock.

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SPDR Dow Jones Industrial Average ETF Trust

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S&P 500 Hits All-Time Highs, Nasdaq 100 Tops 20K Ahead Of Key Economic Data: What's Driving Markets Wednesday?

Micron Technology, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MU#NASDAQ">MU</a>) is set to release earnings results for its fourth quarter after the <a href="https://www.benzinga.com/quote/MU/earnings">closing bell on Wednesday, Sept. 25.</a>
After viewing the report, investors may be eyeing potential gains <a href="https://www.benzinga.com/topic/dividends">from the company's dividends</a>.
Boise, Idaho-based Micron currently offers an annual dividend yield of 0.49%. That&#8217;s a quarterly dividend amount of 11.5 cents per share (46 cents a year). So, how can investors exploit its dividend yield to pocket a regular $500 monthly?
To earn $500 per month or $6,000 annually from dividends alone, you would need an investment of approximately $1,226,042 or around 13,043 shares. For a more modest $100 per month or $1,200 per year, you would need $245,246 or around 2,609 shares.
To calculate: Divide the desired annual income ($6,000 or $1,200) by the dividend ($0.46 in this case). So, $6,000 / $0.46 = 13,043 ($500 per month), and $1,200 / $0.46 = 2,609 shares ($100 per month).
Note that dividend yield can change on a rolling basis, as the dividend payment and the stock price both fluctuate over time.
How that works: The dividend yield is computed by dividing the annual dividend payment by the stock&#8217;s current price.
For example, if a stock pays an annual dividend of $2 and is currently priced at $50, the dividend yield would be 4% ($2/$50). However, if the stock price increases to $60, the dividend yield drops to 3.33% ($2/$60). Conversely, if the stock price falls to $40, the dividend yield rises to 5% ($2/$40).
Similarly, changes in the dividend payment can impact the yield. If a company increases its dividend, the yield will also increase, provided the stock price stays the same. Conversely, if the dividend payment decreases, so will the yield.
MU Price Action: Shares of Micron gained 1.8% at last check Wednesday and are currently trading at $95.69, according to <a href="https://pro.benzinga.com/dashboard">Benzinga Pro</a>.
Analysts expect Micron to report quarterly earnings at $1.13 per share, versus a year-ago loss of $1.07 per share. The company is projected to post quarterly revenue of $7.64 billion. That&#8217;s up from just over $4 billion a year earlier, a
On Sept. 17, Micron announced the availability of the Crucial P310 2280 Gen4 NVMe solid-state drive (SSD) which expands Micron's P310 portfolio to address PCs, laptops and PlayStation 5. The company said a version with a heatsink will be released in the coming months, suited for use with <a href="https://www.benzinga.com/news/24/09/40903705/whats-going-on-with-microns-stock">PlayStation 5 and desktop gaming PCs.</a>
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</ul>
Image: Shutterstock

Long Ideas

How To Earn $500 A Month From Micron Stock Ahead Of Q4 Earnings

<ul>
<li>NVDA</li>
<li>WAY</li>
<li>AAPL</li>
<li>LUNR</li>
<li>DJT</li>
<li>TSLA</li>
<li>MADE</li>
<li>MU</li>
<li>BABA</li>
<li>INTC</li>
</ul>
Data from <a href="https://swaggystocks.com/dashboard/wallstreetbets/ticker-sentiment">https://swaggystocks.com/dashboard/wallstreetbets/ticker-sentiment</a>
&nbsp;

BABA

LUNR

MADE

Top 10 Trending Stocks On WallStreetBets As Of September 25, 2024 (Via Swaggy Stocks)

Micron Technology Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MU#NASDAQ">MU</a>) will be reporting its fourth-quarter earnings on Wednesday. Wall Street expects $1.13 in EPS and $7.64 billion in revenues as the company reports<a href="https://www.benzinga.com/calendars/earnings?tickers=MU" target="_blank" rel="noreferrer noopener"> after market hours</a>.
The stock is up 37% over the past year and14% YTD.
Let&#8217;s look at what the charts indicate for Micron stock and how the stock currently maps against Wall Street estimates.
<h2 class="wp-block-heading">Micron Stock&#8217;s Tug-of-War: Bulls Vs. Bears Ahead Of Q4 Earnings&nbsp;</h2>
Micron stock is showing a relatively stagnant trend with slight buying pressure. 
<figure class="wp-block-image size-full"><a href="https://bzresearch.myclickfunnels.com/benzinga-pro-content-webinar-registration/?utm_source=BZprocontent092524&amp;t=be2bearmibe3na1"><img loading="lazy" decoding="async" width="631" height="458" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/09/25072417/Screenshot-2024-09-25-at-4.45.11-PM.png" alt="" class="wp-image-565214" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/09/25072417/Screenshot-2024-09-25-at-4.45.11-PM.png 631w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/09/25072417/Screenshot-2024-09-25-at-4.45.11-PM-300x218.png 300w" sizes="(max-width: 631px) 100vw, 631px" /></a></figure>
<a href="https://bzresearch.myclickfunnels.com/benzinga-pro-content-webinar-registration/?utm_source=BZprocontent092524&amp;t=be2bearmibe3na1" target="_blank" rel="noreferrer noopener">Chart created using Benzinga Pro</a>
The stock is trading at $94, above its eight-day and 20-day simple moving averages (SMA) of $90.28 and $90.57, indicating a bullish short-term signal.
However, it remains below its 50-day SMA of $99.02 and 200-day SMA of $105.22, signaling a longer-term bearish outlook.
Read Also: <a href="https://www.benzinga.com/news/earnings/24/09/41005735/micron-earnings-are-imminent-these-most-accurate-analysts-revise-forecasts-ahead-of-earnings-call">Micron Earnings Are Imminent; These Most Accurate Analysts Revise Forecasts Ahead Of Earnings Call</a>
<figure class="wp-block-image size-full"><a href="https://bzresearch.myclickfunnels.com/benzinga-pro-content-webinar-registration/?utm_source=BZprocontent092524&amp;t=be2bearmibe3na1"><img loading="lazy" decoding="async" width="631" height="458" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/09/25072427/Screenshot-2024-09-25-at-4.45.23-PM.png" alt="" class="wp-image-565215" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/09/25072427/Screenshot-2024-09-25-at-4.45.23-PM.png 631w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/09/25072427/Screenshot-2024-09-25-at-4.45.23-PM-300x218.png 300w" sizes="(max-width: 631px) 100vw, 631px" /></a></figure>
<a href="https://bzresearch.myclickfunnels.com/benzinga-pro-content-webinar-registration/?utm_source=BZprocontent092524&amp;t=be2bearmibe3na1" target="_blank" rel="noreferrer noopener">Chart created using Benzinga Pro</a>
The Moving Average Convergence Divergence (MACD) indicator, at negative 2.65, further supports a bearish sentiment, while the Relative Strength Index (RSI) of 50.17 suggests that Micron stock is trading in neutral territory (neither overbought nor oversold).
Additionally, the Bollinger Bands ($80.21 &#8211; $106.49) point to bearish momentum, with the stock trading in the lower band.
<h2 class="wp-block-heading">Micron Analysts Consensus Ratings</h2>
Micron Stock Ratings &amp; Consensus Estimates:<a href="https://www.benzinga.com/quote/MU/analyst-ratings" target="_blank" rel="noreferrer noopener"> The consensus analyst rating</a> on Micron stock stands at a Buy with a price target of $146.04. The latest analyst ratings from TD Cowen, Stifel and Wells Fargo, released in mid-September, give Micron stock an average price target of $141.67, suggesting a 50.12% upside.
MU Price Action: Micron stock closed at $94, up 0.46% on Tuesday.
Read Next: 
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<li><a href="https://benzinga.com/news/earnings/24/09/41020937/us-stocks-may-stall-after-s-p-500-hits-another-record-micron-earnings-meta-connect-on-traders-radar">US Stocks May Stall After S&amp;P 500 Hits Another Record; Micron Earnings, Meta Connect On Traders&#8217; Radar: Why This Strategist Is Optimistic About Q4</a></li>
</ul>
Photo: Shutterstock

Previews

Micron Earnings Showdown: Charts Show Bulls And Bears In Standoff

After<a href="https://www.benzinga.com/news/earnings/24/09/41018169/s-p-500-hits-fresh-record-high-amid-surge-in-nvidia-shares-investor-sentiment-improves-further-fear"> resiliently resisting selling pressure, </a>the market could be in for some weakness on Wednesday as traders position themselves defensively ahead of the key Main Street catalysts for the rest of the week. The index futures are modestly lower early Wednesday. Traders may not have much to look forward to in terms of data as merely the routine weekly mortgage application data and new homes sales report for August are due for the session.
It would be interesting to see if the week mortgage applications volume data will receive a boost from the recent pullback in mortgage rates ahead and amid the Fed rate cut. Micron Technology Inc.&#8217;s (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MU#NASDAQ">MU</a>) earnings report is in the spotlight as traders strive to gauge artificial intelligence technology-related demand.
<figure class="wp-block-table is-style-stripes"> 
<table>
<tbody>
<tr>
<td>Futures</td>
<td>Performance (+/-)</td>
</tr>
<tr>
<td>Nasdaq 100</td>
<td>-0.20%</td>
</tr>
<tr>
<td>S&amp;P 500</td>
<td>-0.09%</td>
</tr>
<tr>
<td>Dow</td>
<td>-0.05%</td>
</tr>
<tr>
<td>R2K</td>
<td>-0.03%</td>
</tr>
</tbody>
</table>
</figure>
In premarket trading on Wednesday,&nbsp;the SPDR S&amp;P 500 ETF Trust (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SPY#NYSE">SPY</a>) fell 0.07% to $570.92 and the&nbsp;Invesco QQQ ETF (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QQQ#NASDAQ">QQQ</a>) moved down 0.19% to $484.46, according to&nbsp;<a href="https://benzinga.grsm.io/lxquj26b2sag" target="_blank" rel="noreferrer noopener">Benzinga Pro data</a>.
Cues From Last Session:
U.S. stocks ended Tuesday&#8217;s session higher yet again despite some nervous moments in early trading on the back of the September consumer confidence reading that unexpectedly fell. Following the data, Jamie Cox, Managing Partner at Harris Financial Group, said, &#8220;It&#8217;s never good to see consumer confidence fall this much.&#8221;
The strategist attributed the weak consumer confidence to concerns about the implications of the upcoming election, the increasing conflict around the world, and the stubbornly high cost of food and credit. The 50 basis-point Fed funds rate cut last week seemed more correct in light of these data, he added.
The major indices opened higher but reversed course after the data. After hitting a bottom in late-morning trading, the tech-heavy Nasdaq Composite and the broader S&amp;P 500 Index bounced back in a V-shaped recovery before moving sideways in the afternoon. Nvidia Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>) ended up nearly 4%, providing a shot in the arm the these two indices, and China&#8217;s stimulus measures also kept the risk-on mood intact.
The Nasdaq Composite ended at the 18K+ level for the first time since time since late-July. The S&amp;P 500 hit fresh intraday and closing highs.
Despite seeing volatility throughout the session, the 30-stock Dow Industrials Average also clocked new intraday and closing highs. 
<figure class="wp-block-table is-style-stripes"> 
<table>
<tbody>
<tr>
<td>Index</td>
<td>Performance (+/)</td>
<td>Value</td>
</tr>
<tr>
<td>Nasdaq Composite</td>
<td>+0.56%</td>
<td>18,074.52</td>
</tr>
<tr>
<td>S&amp;P 500 Index</td>
<td>+0.25%</td>
<td>5,732.93</td>
</tr>
<tr>
<td>Dow Industrials</td>
<td>+0.20%</td>
<td>42,208.22</td>
</tr>
<tr>
<td>Russell 2000</td>
<td>+0.17%</td>
<td>2,223.99</td>
</tr>
</tbody>
</table>
</figure>
Insights From Analysts:
With Sept. 22, the first day of autumn, now in the rearview mirror, the historically rough month for the market is nearly over, said LPL Financial Chief Technical Strategist Adam Turnquist. With less than five trading sessions remaining before October, stocks are on track to outperform historical averages for September, barring any major market-moving events, he said. 
The strategist noted that the S&amp;P 500 is up 1.2% month-to-date, compared to the average decline of 0.7% since 1950. The declines in the past four years are at 4.9%, 9.3%, 4.8%, and 3.9%, respectively.
This bodes well for the fourth quarter, Turnquist said. &#8220;Based on historical performance for the S&amp;P 500, strong performance and momentum in the first nine months of the year could signal more gains ahead,&#8221; he said. Over the last 75 years, the fourth quarter has generated negative returns only eight times when momentum was strong during the first three quarters, he said.
Even In four of those eight years, returns in October–December were only slightly lower, in the range of 0% and -1.5%, Turnquist said. The largest fourth-quarter decline after positive performance through September came in 1987, which includes the infamous "Black Monday" market crash on October 19, when the S&amp;P 500 famously shed over 20% in one day, he added.
Looking ahead, the analyst sees Fed policy decisions, a much-anticipated Presidential election, and third-quarter earnings as major market catalysts.
See also: <a href="https://www.benzinga.com/money/best-futures-trading-software">Best Futures Trading Software</a>
Upcoming Economic Data:
<ul>
<li>The Mortgage Bankers Association is due to announce its weekly mortgage application volume data at 7 a.m. EDT. In the week ended Sept. 13, mortgage applications volume climbed 14.2% week-over-week on a seasonally adjusted basis. The spike came as the 30-year fixed mortgage rate was 6.15%, the lowest since Sept. 2022.</li>
<li>The Commerce Department is scheduled to release its August new home sales report at 10 a.m. EDT. The consensus estimate calls for a seasonally adjusted annual rate of 700,000, down from the 739,000 rate in July.</li>
<li>The Energy Information Administration will release its weekly petroleum status report at 10:30 a.m. EDT.</li>
<li>The Treasury will auction five-year notes at 1 p.m. EDT.</li>
<li>Federal Reserve Governor Adriana Kugler is scheduled to speak at 4 p.m. EDT.</li>
</ul>
Stocks In Focus:
<ul>
<li>Trump Media &amp; Technology Group Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/DJT#NASDAQ">DJT</a>) rose about 7% <a href="https://www.benzinga.com/premarket">in premarket trading</a>, tacking on to Tuesday&#8217;s gains, after the initial public offering lock-up period for insiders expired. </li>
<li>Meta Platforms, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/META#NASDAQ">META</a>) shares could be in the spotlight as the two-day Meta Connect technology-focused event gets underway on Wednesday.</li>
<li>Cintas Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CTAS#NASDAQ">CTAS</a>) is due to <a href="https://www.benzinga.com/calendars/earnings">announce its financial results before the market opens, </a>while H.B. Fuller Company (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FUL#NYSE">FUL</a>), Micron, Jefferies Financial Group Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/JEF#NYSE">JEF</a>) and Worthington Enterprises, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/WOR#NYSE">WOR</a>) are among those reporting after the close.</li>
</ul>
Commodities, Bonds And Global Equity Markets:
Crude oil futures moved lower but held above the $71-a-barrel level, while gold futures continued to shine in record territory. Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>) was once again flattish around the $63.5K level. The 10-year Treasury note climbed 1.7 points to 3.753%.
The major Asian markets traded on a mixed note, with China, Hong Kong and Taiwan extending their gains amid continued optimism over the stimulus measures announced by the People&#8217;s Bank of China this week. Most others settled lower. European stocks weakened in early trading on Wednesday.
Read Next:
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<li><a href="https://www.benzinga.com/markets/equities/24/09/41018183/did-aping-warren-buffett-and-hedge-fund-managers-bring-success-to-this-ai-powered-etf-that-launc">Did Aping Warren Buffett And Hedge Fund Managers Bring Success To This AI-Powered ETF That Launched Last Week?</a></li>
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Image Via Shutterstock

Futures

Federal Reserve

Pre-Market Outlook

CTAS

US Stocks May Stall After S&P 500 Hits Another Record; Micron Earnings, Meta Connect On Traders' Radar: Why This Strategist Is Optimistic About Q4

The CNN Money Fear and Greed index showed some improvement in the overall market sentiment, but the index remained in the &#8220;Greed&#8221; zone on Tuesday.
U.S. stocks settled higher on Tuesday, with the S&amp;P 500 jumping to a new high following a sharp increase in NVIDIA Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>) shares.
Thor Industries, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/THO#NYSE">THO</a>) reported better-than-expected earnings for its fourth quarter on Tuesday. AutoZone, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AZO#NYSE">AZO</a>) reported weaker-than-expected earnings for its fourth quarter.
On the economic data front, the S&amp;P CoreLogic Case-Shiller home price index in increased by 5.9% year-over-year in July compared to a 6.5% rise in the previous month.&nbsp; The FHFA house price index rose 0.1% in July, compared to market estimates of a 0.2% increase. Consumer confidence recorded its biggest one-month drop in more than three years, falling to 98.7 in September.
Most sectors on the S&amp;P 500 closed on a positive note, with materials, information technology, and consumer discretionary stocks recording the biggest gains on Tuesday. However, financials and utilities stocks bucked the overall market trend, closing the session lower.
The Dow Jones closed higher by around 84 points to 42,208.22 on Tuesday. The S&amp;P 500 rose 0.25% to 5,732.93, while the Nasdaq Composite gained 0.56% at 18,074.52 during Tuesday's session.
Investors are awaiting earnings results from Cintas Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CTAS#NASDAQ">CTAS</a>), Jefferies Financial Group Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/JEF#NYSE">JEF</a>) and Micron Technology, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MU#NASDAQ">MU</a>) today.
What is CNN Business Fear &amp; Greed Index?
At a current reading of 65.6, the index remained in the &#8220;Greed&#8221; zone on Tuesday, versus a prior reading of 65.1.
The Fear &amp; Greed Index is a measure of the current market sentiment. It is based on the premise that higher fear exerts pressure on stock prices, while higher greed has the opposite effect. The index is calculated based on seven equal-weighted indicators. The index ranges from 0 to 100, where 0 represents maximum fear and 100 signals maximum greediness.
Read Next: 
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<li><a href="https://www.benzinga.com/news/24/09/41003853/wall-streets-most-accurate-analysts-views-on-3-tech-stocks-delivering-high-dividend-yields">Wall Street&#8217;s Most Accurate Analysts&#8217; Views On 3 Tech Stocks Delivering High-Dividend Yields</a></li>
</ul>

S&P 500 Hits Fresh Record High Amid Surge In Nvidia Shares: Investor Sentiment Improves Further, Fear Index Remains In 'Greed' Zone

With U.S. stock futures trading lower this morning on Wednesday, some of the stocks that may grab investor focus today are as follows:
<ul>
<li>Wall Street expects Cintas Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CTAS#NASDAQ">CTAS</a>) to report quarterly earnings at 95 cents per share on revenue of $2.5 billion before the opening bell, according to data from <a href="https://pro.benzinga.com/dashboard">Benzinga Pro</a>. Cintas shares rose 0.5% to $205.93 in after-hours trading.</li>
<li>Progress Software Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PRGS#NASDAQ">PRGS</a>) <a href="https://www.benzinga.com/news/earnings/24/09/41015137/progress-software-stock-jumps-on-q3-earnings-revenue-beat-eps-beat-raised-guidance-and-more">reported</a> better-than-expected third-quarter financial results and raised its FY24 outlook. The company said it now sees full-year adjusted revenue in the range of $745 million to $755 million, up from a prior forecast of $725 million to $735 million. The company also raised its full-year earnings outlook to a range of $4.75 to $4.85 per share, up from a prior outlook of $4.70 to $4.80 per share. Progress Software shares gained 5.2% to $60.11 in the after-hours trading session.</li>
<li>Analysts expect Micron Technology, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MU#NASDAQ">MU</a>) to post quarterly earnings at $1.13 per share on revenue of $7.64 million after the closing bell. Micron shares gained 0.8% to $94.77 in the after-hours trading session.</li>
</ul>
Check out our <a href="https://www.benzinga.com/premarket/">premarket coverage here</a>
<ul>
<li>Worthington Enterprises, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/WOR#NYSE">WOR</a>) reported weaker-than-expected financial results for the first quarter. Worthington shares fell 4% to $43.47 in the after-hours trading session.</li>
<li>Analysts are expecting Jefferies Financial Group Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/JEF#NYSE">JEF</a>) to post quarterly earnings at 78 cents per share on revenue of $1.71 billion. The company will release earnings after the closing bell. Jefferies Financial shares gained 0.7% to $62.90 in after-hours trading.</li>
</ul>
Check This Out: 
<ul>
<li><a href="https://www.benzinga.com/news/24/09/41003853/wall-streets-most-accurate-analysts-views-on-3-tech-stocks-delivering-high-dividend-yields">Wall Street&#8217;s Most Accurate Analysts&#8217; Views On 3 Tech Stocks Delivering High-Dividend Yields</a></li>
</ul>
Photo courtesy: Wikimedia

PRGS

Cintas, Micron Technology And 3 Stocks To Watch Heading Into Wednesday

Whales with a lot of money to spend have taken a noticeably bearish stance on Micron Technology.
Looking at options history for Micron Technology (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MU#NASDAQ">MU</a>) we detected 18 trades.
If we consider the specifics of each trade, it is accurate to state that 33% of the investors opened trades with bullish expectations and 55% with bearish.
From the overall spotted trades, 5 are puts, for a total amount of $654,501 and 13, calls, for a total amount of $503,506.
<h3>Predicted Price Range</h3>
Based on the trading activity, it appears that the significant investors are aiming for a price territory stretching from $80.0 to $115.0 for Micron Technology over the recent three months. 
<h3>Insights into Volume &amp; Open Interest</h3>
In terms of liquidity and interest, the mean open interest for Micron Technology options trades today is 5456.94 with a total volume of 4,561.00.
In the following chart, we are able to follow the development of volume and open interest of call and put options for Micron Technology's big money trades within a strike price range of $80.0 to $115.0 over the last 30 days.
<h3>Micron Technology Option Volume And Open Interest Over Last 30 Days</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1727187384_0.png" alt="Options Call Chart" />
<h3>Largest Options Trades Observed:</h3>

<table>
<thead>
<tr>
<th>Symbol</th>
<th>PUT/CALL</th>
<th>Trade Type</th>
<th>Sentiment</th>
<th>Exp. Date</th>
<th>Ask</th>
<th>Bid</th>
<th>Price</th>
<th>Strike Price</th>
<th>Total Trade Price</th>
<th>Open Interest</th>
<th style="text-align: right;">Volume</th>
</tr>
</thead>
<tbody>
<tr>
<td>MU</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>01/17/25</td>
<td>$24.2</td>
<td>$24.1</td>
<td>$24.1</td>
<td>$115.00</td>
<td>$269.9K</td>
<td>4.2K</td>
<td style="text-align: right;">139</td>
</tr>
<tr>
<td>MU</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>01/17/25</td>
<td>$14.05</td>
<td>$13.95</td>
<td>$13.95</td>
<td>$100.00</td>
<td>$139.5K</td>
<td>13.5K</td>
<td style="text-align: right;">131</td>
</tr>
<tr>
<td>MU</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>01/16/26</td>
<td>$14.15</td>
<td>$13.55</td>
<td>$13.55</td>
<td>$85.00</td>
<td>$135.5K</td>
<td>1.8K</td>
<td style="text-align: right;">100</td>
</tr>
<tr>
<td>MU</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>09/27/24</td>
<td>$2.54</td>
<td>$2.5</td>
<td>$2.5</td>
<td>$100.00</td>
<td>$104.7K</td>
<td>18.8K</td>
<td style="text-align: right;">940</td>
</tr>
<tr>
<td>MU</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>10/18/24</td>
<td>$6.8</td>
<td>$6.75</td>
<td>$6.8</td>
<td>$95.00</td>
<td>$79.5K</td>
<td>3.5K</td>
<td style="text-align: right;">169</td>
</tr>
</tbody>
</table>

<h3>About Micron Technology</h3>
Micron is one of the largest semiconductor companies in the world, specializing in memory and storage chips. Its primary revenue stream comes from dynamic random access memory, or DRAM, and it also has minority exposure to not-and or NAND, flash chips. Micron serves a global customer base, selling chips into data centers, mobile phones, consumer electronics, and industrial and automotive applications. The firm is vertically integrated.
After a thorough review of the options trading surrounding Micron Technology, we move to examine the company in more detail. This includes an assessment of its current market status and performance.
<h3>Micron Technology's Current Market Status</h3>
<ul>
<li>Currently trading with a volume of 4,130,753, the MU's price is up by 0.01%, now at $93.58. </li>
<li>RSI readings suggest the stock is currently is currently neutral between overbought and oversold.</li>
<li>Anticipated earnings release is in 1 days.</li>
</ul>
<h3>What Analysts Are Saying About Micron Technology</h3>
A total of 5 professional analysts have given their take on this stock in the last 30 days, setting an average price target of $123.4.
Unusual Options Activity Detected: Smart Money on the Move
Benzinga Edge's Unusual Options board spots potential market movers before they happen. See what positions big money is taking on your favorite stocks. <a href="https://www.benzinga.com/premium/ideas/benzinga-edge-checkout/?t=Be8be9arja3be22bz20&amp;utm_source=benzinga-insights">Click here for access</a>. 
&#x2A; Consistent in their evaluation, an analyst from Wells Fargo keeps a Overweight rating on Micron Technology with a target price of $175. 
&#x2A; Maintaining their stance, an analyst from UBS continues to hold a Buy rating for Micron Technology, targeting a price of $135. 
&#x2A; Reflecting concerns, an analyst from Exane BNP Paribas lowers its rating to Underperform with a new price target of $67. 
&#x2A; Consistent in their evaluation, an analyst from Morgan Stanley keeps a Equal-Weight rating on Micron Technology with a target price of $100. 
&#x2A; An analyst from Needham persists with their Buy rating on Micron Technology, maintaining a target price of $140. 
Trading options involves greater risks but also offers the potential for higher profits. Savvy traders mitigate these risks through ongoing education, strategic trade adjustments, utilizing various indicators, and staying attuned to market dynamics. Keep up with the latest options trades for Micron Technology with <a href="https://benzinga.grsm.io/register174">Benzinga Pro</a> for real-time alerts.

Options

What the Options Market Tells Us About Micron Technology

Micron Technology, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MU#NASDAQ">MU</a>) will release earnings results for its fourth quarter, after the <a href="https://www.benzinga.com/quote/MU/earnings">closing bell on Wednesday, Sept. 25.</a>
Analysts expect the Boise, Idaho-based company to report quarterly earnings at $1.13 per share, versus a year-ago loss of $1.07 per share. Micron is projected to post quarterly revenue of $7.64 billion, up from $4.01 billion a year earlier, according to data from <a href="https://pro.benzinga.com/dashboard">Benzinga Pro</a>.
On Sept. 17, Micron announced the availability of the Crucial P310 2280 Gen4 NVMe solid-state drive (SSD) which expands Micron&#8217;s P310 portfolio to address PCs, laptops and PlayStation 5. The company said a version with a heatsink will be released in the coming months, suited for use with PlayStation 5 and desktop gaming PCs.
Micron shares gained 2.9% to close at $93.57 on Monday.
Benzinga readers can access the latest analyst ratings on the <a href="https://www.benzinga.com/analyst-ratings/analyst-color/22/09/28888638/exclusive-study-finds-benzinga-analyst-ratings-data-yields-market-beating-strategie">Analyst Stock Ratings</a> page. Readers can sort by stock ticker, company name, analyst firm, rating change or other variables.
Let's have a look at how Benzinga's most-accurate <a href="https://www.benzinga.com/quote/TCOM/analyst-ratings">analysts have rated the company</a> in the recent period.
<ul>
<li><a href="https://www.benzinga.com/analyst-stock-ratings/analyst/58c6ab8cb85e9300015f1add/brian-chin">Stifel analyst Brian Chin</a> maintained a Buy rating and cut the price target from $165 to $135 on Sept. 19. This analyst has an accuracy rate of 70%.</li>
<li>Wells Fargo analyst Aaron Rakers maintained an Overweight rating and cut the price target from $190 to $175 on Sept. 18. This analyst has an accuracy rate of 85%.</li>
<li><a href="https://www.benzinga.com/analyst-stock-ratings/analyst/586bc4bc351b9b0001ab735d/timothy-arcuri">UBS analyst Timothy Arcuri</a> maintained a Buy rating and slashed the price target from $153 to $135 on Sept. 17. This analyst has an accuracy rate of 78%.</li>
<li>Citigroup analyst Christopher Danely maintained a Buy rating and cut the price target from $175 to $150 on Sept. 17. This analyst has an accuracy rate of 79%.</li>
<li><a href="https://www.benzinga.com/analyst-stock-ratings/analyst/58072986846faa000106abc6/joseph-moore">Morgan Stanley analyst Joseph Moore </a>maintained an Equal-Weight rating and decreased the price target from $140 to $100 on Sept. 16. This analyst has an accuracy rate of 71%.</li>
</ul>
Considering buying MU stock? Here&#8217;s what analysts think: 
<figure class="wp-block-image size-large is-resized"><img loading="lazy" decoding="async" width="1024" height="514" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/09/24030947/image-179-1024x514.png" alt="" class="wp-image-562446" style="width:596px;height:auto" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/09/24030947/image-179-1024x514.png 1024w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/09/24030947/image-179-300x150.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/09/24030947/image-179-768x385.png 768w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/09/24030947/image-179.png 1356w" sizes="(max-width: 1024px) 100vw, 1024px" /></figure>
Read This Next: 
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<li><a href="https://www.benzinga.com/news/24/09/40980672/top-3-financials-stocks-that-may-plunge-in-september">Top 3 Financials Stocks That May Plunge In September</a></li>
</ul>

Price Target

Analyst Ratings

Micron Earnings Are Imminent; These Most Accurate Analysts Revise Forecasts Ahead Of Earnings Call

<ul>
<li>LUNR</li>
<li>TSLA</li>
<li>NVDA</li>
<li>BABA</li>
<li>WAY</li>
<li>INTC</li>
<li>MADE</li>
<li>POET</li>
<li>DJT</li>
<li>MU</li>
</ul>
Data from <a href="https://swaggystocks.com/dashboard/wallstreetbets/ticker-sentiment">https://swaggystocks.com/dashboard/wallstreetbets/ticker-sentiment</a>
&nbsp;

POET

Top 10 Trending Stocks On WallStreetBets As Of September 24, 2024 (Via Swaggy Stocks)

This whale alert can help traders discover the next big trading opportunities.
Whales are entities with large sums of money and we track their transactions here at Benzinga on our options activity scanner.
Traders often look for circumstances when the market estimation of an option diverges away from its normal worth. Abnormal amounts of trading activity could push option prices to hyperbolic or underperforming levels. 
Here's the list of options activity happening in today's session: 
<table>
<thead>
<tr>
<th>Symbol</th>
<th>PUT/CALL</th>
<th>Trade Type</th>
<th>Sentiment</th>
<th>Exp. Date</th>
<th>Strike Price</th>
<th>Total Trade Price</th>
<th>Open Interest</th>
<th>Volume</th>
</tr>
</thead>
<tbody>
<tr>
<td>NVDA</td>
<td>CALL</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>09/27/24</td>
<td>$117.00</td>
<td>$34.6K</td>
<td>18.6K</td>
<td>67.8K</td>
</tr>
<tr>
<td>SMCI</td>
<td>CALL</td>
<td>TRADE</td>
<td>NEUTRAL</td>
<td>09/27/24</td>
<td>$465.00</td>
<td>$58.4K</td>
<td>343</td>
<td>4.4K</td>
</tr>
<tr>
<td>MARA</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>01/17/25</td>
<td>$17.50</td>
<td>$28.2K</td>
<td>5.8K</td>
<td>3.4K</td>
</tr>
<tr>
<td>MU</td>
<td>PUT</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>10/18/24</td>
<td>$75.00</td>
<td>$177.0K</td>
<td>6.0K</td>
<td>3.3K</td>
</tr>
<tr>
<td>MSTR</td>
<td>PUT</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>09/27/24</td>
<td>$145.00</td>
<td>$30.0K</td>
<td>1.1K</td>
<td>1.9K</td>
</tr>
<tr>
<td>SNOW</td>
<td>CALL</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>02/21/25</td>
<td>$170.00</td>
<td>$30.0K</td>
<td>200</td>
<td>1.1K</td>
</tr>
<tr>
<td>PLTR</td>
<td>CALL</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>12/20/24</td>
<td>$40.00</td>
<td>$27.6K</td>
<td>10.1K</td>
<td>853</td>
</tr>
<tr>
<td>DOCN</td>
<td>CALL</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>10/18/24</td>
<td>$42.50</td>
<td>$25.0K</td>
<td>3.1K</td>
<td>783</td>
</tr>
<tr>
<td>AMD</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>01/17/25</td>
<td>$155.00</td>
<td>$74.3K</td>
<td>6.9K</td>
<td>694</td>
</tr>
<tr>
<td>HPE</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>01/17/25</td>
<td>$20.00</td>
<td>$40.7K</td>
<td>6.5K</td>
<td>582</td>
</tr>
</tbody>
</table>

<h2>Explanation</h2>
These itemized elaborations have been created using the accompanying table. 
• Regarding NVDA (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>), we observe a call option trade with bearish sentiment. It expires in 4 day(s) on September 27, 2024. Parties traded 200 contract(s) at a $117.00 strike. The total cost received by the writing party (or parties) was $34.6K, with a price of $173.0 per contract. There were 18651 open contracts at this strike prior to today, and today 67802 contract(s) were bought and sold. 
• Regarding SMCI (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SMCI#NASDAQ">SMCI</a>), we observe a call option trade with neutral sentiment. It expires in 4 day(s) on September 27, 2024. Parties traded 40 contract(s) at a $465.00 strike. The total cost received by the writing party (or parties) was $58.4K, with a price of $1460.0 per contract. There were 343 open contracts at this strike prior to today, and today 4461 contract(s) were bought and sold. 
• Regarding MARA (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MARA#NASDAQ">MARA</a>), we observe a call option sweep with bearish sentiment. It expires in 116 day(s) on January 17, 2025. Parties traded 100 contract(s) at a $17.50 strike. This particular call needed to be split into 5 different trades to become filled. The total cost received by the writing party (or parties) was $28.2K, with a price of $282.0 per contract. There were 5804 open contracts at this strike prior to today, and today 3450 contract(s) were bought and sold. 
• For MU (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MU#NASDAQ">MU</a>), we notice a put option trade that happens to be bullish, expiring in 25 day(s) on October 18, 2024. This event was a transfer of 3000 contract(s) at a $75.00 strike. The total cost received by the writing party (or parties) was $177.0K, with a price of $59.0 per contract. There were 6088 open contracts at this strike prior to today, and today 3343 contract(s) were bought and sold. 
• Regarding MSTR (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSTR#NASDAQ">MSTR</a>), we observe a put option trade with bullish sentiment. It expires in 4 day(s) on September 27, 2024. Parties traded 100 contract(s) at a $145.00 strike. The total cost received by the writing party (or parties) was $30.0K, with a price of $300.0 per contract. There were 1154 open contracts at this strike prior to today, and today 1942 contract(s) were bought and sold. 
• Regarding SNOW (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SNOW#NYSE">SNOW</a>), we observe a call option trade with bearish sentiment. It expires in 151 day(s) on February 21, 2025. Parties traded 195 contract(s) at a $170.00 strike. The total cost received by the writing party (or parties) was $30.0K, with a price of $154.0 per contract. There were 200 open contracts at this strike prior to today, and today 1199 contract(s) were bought and sold. 
• For PLTR (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PLTR#NYSE">PLTR</a>), we notice a call option trade that happens to be bullish, expiring in 88 day(s) on December 20, 2024. This event was a transfer of 93 contract(s) at a $40.00 strike. The total cost received by the writing party (or parties) was $27.6K, with a price of $297.0 per contract. There were 10187 open contracts at this strike prior to today, and today 853 contract(s) were bought and sold. 
• Regarding DOCN (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DOCN#NYSE">DOCN</a>), we observe a call option trade with bullish sentiment. It expires in 25 day(s) on October 18, 2024. Parties traded 200 contract(s) at a $42.50 strike. The total cost received by the writing party (or parties) was $25.0K, with a price of $125.0 per contract. There were 3193 open contracts at this strike prior to today, and today 783 contract(s) were bought and sold. 
• For AMD (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMD#NASDAQ">AMD</a>), we notice a put option sweep that happens to be bullish, expiring in 116 day(s) on January 17, 2025. This event was a transfer of 52 contract(s) at a $155.00 strike. This particular put needed to be split into 8 different trades to become filled. The total cost received by the writing party (or parties) was $74.3K, with a price of $1430.0 per contract. There were 6928 open contracts at this strike prior to today, and today 694 contract(s) were bought and sold. 
• For HPE (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HPE#NYSE">HPE</a>), we notice a put option sweep that happens to be bearish, expiring in 116 day(s) on January 17, 2025. This event was a transfer of 194 contract(s) at a $20.00 strike. This particular put needed to be split into 30 different trades to become filled. The total cost received by the writing party (or parties) was $40.7K, with a price of $210.0 per contract. There were 6500 open contracts at this strike prior to today, and today 582 contract(s) were bought and sold. 
Options Alert Terminology 
 - Call Contracts: The right to buy shares as indicated in the contract. 
 - Put Contracts: The right to sell shares as indicated in the contract. 
 - Expiration Date: When the contract expires. One must act on the contract by this date if one wants to use it. 
 - Premium/Option Price: The price of the contract. 
For more information, visit our <a href="https://pro.benzinga.com/blog/how-to-understand-option-alerts/">Guide to Understanding Options Alerts</a> or read <a href="https://www.benzinga.com/markets/options">more news on unusual options activity</a>. 
This article was generated by Benzinga's automated content engine and reviewed by an editor.

DOCN

MARA

MSTR

PLTR

SMCI

SNOW

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