If one leading analyst’s forecast plays out, any investors feeling slightly deflated by Micron’s (MU) underperformance so far in 2020 need not worry.Ahead of next week’s fiscal 3Q20 earnings report, Rosenblatt analyst Hans Mosesmann is confident in the chipmaker’s ability to execute. What’s more, he expects the next quarterly results to be even better.The 5-star analyst has a Buy recommendation on Micron shares, to go hand in hand with a lofty $100 price target. This conveys Mosesmann’s belief that Micron will soar by 107% over the next 12 months. (To watch Mosesmann’s track record, click here)“We continue to like shares of MU as we believe the memory industry will continue its recovery, pricing trends will continue to improve, and the supply of bits will undershoot demand leading to double digit growth in DRAM and NAND,” Mosesmann said.For the May quarter, Mosesmann anticipates Micron will report revenue of $5.3 billion (up by...
Stock futures opened modestly higher Wednesday evening. The after-hours moves came on the heels of a steep selloff in markets during the regular session, with the Dow dropping 2.72%, or 710 points, for its worst day since its near-7% slide two weeks ago....
With their businesses cratering, most U.S. airlines are staking out their short-term future on one customer segment that has proven resilient in nearly every downturn — travelers visiting friends and relatives. But as Covid-19 cases rise in the United States and some states enact new restrictions on movement, that strategy will be tested. The latest […]...
BlackBerry Ltd (NYSE: BB) reported quarterly earnings of 2 cents per share Wednesday, which beat the analyst consensus estimate by a penny.The company reported quarterly sales of $214 million, which missed the analyst consensus estimate of $216.8 million by 1.29%. This is a 19.85% decrease over sales of $267 million the same period last year."BlackBerry QNX was impacted by macro headwinds in the auto and other embedded sectors but we are starting to see signs of a recovery," CEO John Chen said in a statement. "On the enterprise front, we saw good demand from customers who recognized the necessity for BlackBerry's security, business continuity, and productivity solutions in an increasingly remote working environment. BlackBerry is capitalizing on the secular trends of securing and connecting endpoints."BlackBerry shares lost 3.53% to end Wednesday's session at $4.92 and was up 1.83% at $5.01 during the after-hours session at the time of publication. View more...
In concordance with phase 2 of New York City’s reopening plan, Julien Farel reopened his salon, famous for the $1,000 haircut, to a 1,200 plus wait list. Julien Farel, Chairman of the Julien Farel Restore Salon Group, joins The Final Round to discuss how he’s been managing his business amid the coronavirus outbreak and what can be expected from his business in the future. ...
(Bloomberg) -- Bayer AG agreed to spend more than $12 billion to resolve thousands of U.S. lawsuits and deal with future claims, taking its biggest step so far in resolving headaches the German chemical giant inherited in its acquisition of Monsanto Co.Agreements were reached on about 95,000 claims filed over Roundup, part of a Bayer plan to spend about $11 billion to settle all litigation over the widely used herbicide, the company said Wednesday. Bayer also will pay as much as $820 million to settle toxic pollution claims and make a $400 million payment for farmers whose crops were damaged by its dicamba herbicide.Taken together, the accords resolve a trio of major litigation risks that tagged along with Bayer’s $63 billion purchase of Monsanto in 2018. Roundup claims -- the biggest liability -- surged after big U.S. court losses, and the share decline wiped tens of billions of dollars off Bayer’s...
Argus hosted a conference call on behalf of Yahoo Finance Premium at 3pm ET on Monday, June 15, 2020. Watch the recording to learn how the Healthcare sector is battling COVID-19 in the areas of testing, treatment, and vaccine development....
