Diamonds and Dogs
Micron (MU) rose a percent as Deutsche Bank is calling a bottom in the chip market. The analyst raised his price target to $85 a share seeing improving demand for chips, excessive inventory levels coming down with the worst of the downcycle behind us.
The strike continues as Stellantis, Ford and General Motors fell as the UAW rejects the offer from Stellantis, according to Bloomberg. The UAW President Shawn Fain rejected Stellantis' offer of a 21% pay increase, in an interview on CBS' Face the Nation Sunday. The Jeep maker made its offer public Saturday, but Fain said it was "definitely a no go."
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