Preview of week starting 27June2022
Public Holidays (China, Hong Kong & USA) 01 Jul 2022 - Hong Kong Public Holiday Earnings Calendar The charts below are from Earnings Whispers: Personally, I am looking at Nike, Trip, Micron and meme stock Bed Bath & Beyond. #earnings $NKE $TRIP $MU $BBBY Source is @eWhispers Now, let us look into Micron in detail: Micron has called over 28% from one year ago and has recently hit a 52 week low of $53.60. At a P/E of 7.36, this is one attractive holding as we can expect the market's demands for chips to remain high over the future. It is left to be seen how Micron will perform in the last quarter. However, the market outlook can weigh much more on the price action than the EPS or revenue announced during the coming earnings call. From the above, the market is expecting an EPS of 2.46 and revenue of $8.68B from its 30 June 2022 earnings. Will Micron be able to continue its reversal? Let us monitor this closely. News Summary Sri Lanka ...