For the quarter ended May 2023, Micron (MU) reported revenue of $3.75 billion, down 56.6% over the same period last year. EPS came in at -$1.43, compared to $2.59 in the year-ago quarter.
When scouting for stocks, a standard metric that comes into focus is free cash flow. In its simplest form, free cash flow is the total cash a company keeps after operating costs and capital expenditures.
Tech stocks were softer Thursday afternoon, with the Technology Select Sector SPDR Fund (XLK) slightly lower and the Philadelphia Semiconductor index falling 0.2%.
Taiwan ETFs including iShares MSCI Taiwan ETF EWT and Franklin FTSE Taiwan ETF FLTW are up 19% and 20% this year (as of Jun 22, 2023), beating the S&P 500. In the past month, each of the two ETFs have gained about 5%. We expec
All 23 U.S. banks involved in the recent stress test by the Fed have proven their mettle, enduring an imaginary severe global recessionary scenario. The test took into account an unemployment jump of up to 10% and a stock market p
Thursday, June 29, 2023The Zacks Research Daily presents the best research output of our analyst team. Today's Research Daily features new research reports on 16 major stocks, including Microsoft Corporation (MSFT), Anheuser-Busch
As the Fed continues to hike interest rates to curb inflation, the corporate bond market is experiencing an increase in default rates. This rise in defaults signifies the challenges that U.S. companies face amid higher borrowing c
For investors seeking momentum, VanEck India Growth Leaders ETF GLIN is probably on radar. The fund just hit a 52-week high and is up 19.66% from its 52-week low price of $30.06/share.
Valkyrie Bitcoin Miners ETF WGMI, which provides exposure to the bitcoin mining industry, has gained more than 185% so far this year, becoming the top-performing ETF of first-half 2023.Bitcoin, the world's largest cryptocurrency,
It has been about a month since the last earnings report for Hewlett Packard Enterprise (HPE). Shares have added about 13.5% in that time frame, outperforming the S&P 500.
Wall Street is on track to end the second quarter on a positive note. The tech-heavy Nasdaq Composite Index has outperformed, gaining 10.9% since the start of April, while the S&P 500 and the Dow Jones are up 6.6% and 2%, resp
Paychex (PAYX) reported $1.23 billion in revenue for the quarter ended May 2023, representing a year-over-year increase of 7.5%. EPS of $0.97 for the same period compares to $0.81 a year ago.
Chip-making giant Nvidia (NVDA) could gain another 15% or more this year as investors continue to back the Artificial Intelligence (AI) revolution, analysts and investors said.