Diamonds and Dogs

3/24/17

Micron's (MU) memory is getting better. The DRAM memory chip maker is up 12% to a 52 week high thanks to better than expected earnings of 90 cents a share on in line sales of $4.65 billion. The company dramatically raised estimates for the current quarter to $1.43-1.57 verse estimates of 93 cents a share. The company will also generate an extra billion in sales this quarter raising their guidance to $5.2-5.6B verse $4.52B estimates. Plenty of upgrades with a wide range of price targets of $32, $34, $47 and $50.

 Finish Line (FINL) can't seem to finish. The shoe retailer is down 15% to a new 52 week low after missing earnings by 20 cents a share and guiding full year 2018 estimates below consensus. For 2018, the company expects to make earnings of $1.12-1.23 a share verse estimates of $1.44 a share. Management said the fourth quarter earnings represented a disappointing finish to a challenging year financially for the company.