Diamonds and Dogs

9/23/24

Micron (MU) higher by 2% ahead of earnings on Wednesday as Rosenblatt reiterated its Buy rating and $225 target for the stock. The analyst expects Micron to deliver inline August quarter results on continued recovery memory dynamics ahead of strong memory cycle over the coming years.

GM (GM) lower by 2% on a downgrade due to rising earnings headwinds and concerns of additional capital requirements due in part to inventory builds that could cause pricing headwinds next year, coupled with a delayed ramp on electric vehicles. GM's international businesses are struggling as well. Other than that, things are great.

Diamonds and Dogs market commentary is a journal of daily observations on anything that happens to be of interest to our author. Obviously, our primary focus is the stock market and world economic events, but for this page we have no defined topics. We want this page to be dedicated to the interests, concerns, and possibly to the financial gain of our clients and friends. All comments contained herein are for informational purposes only, and should not be considered as a solicitation to buy or sell any security. The firm does not guarantee the accuracy or completeness of the information or make any warranties regarding results from it's usage.