Had a good hot dog and firecracker day? Good. Now it’s time to get back to work.
Over a Micron, there were concerns that China was fixing to slap some tariffs on their chips. Stifel is out with a note this morning, reminding us that China’s main intention is not trade war, but theft.
Micron: China’s Tit for Tat Strategy for Building a Semiconductor Industry – Stifel (51.48)
Stifel reiterates MU with a Buy, keeps PT of 108. In the firm’s view, China’s goal may not be to block shipments of Micron’s much needed DRAM but instead part of a strategy to push Micron toward partnering with China semiconductor foundries. This could expedite China’s internal semiconductor industry development. The firm sees this as a process that could take many years. The firm understands investors’ reaction to sell MU on this announcement but this may prove to be a buying opportunity
Who gives a shit anyway? Pffff — it’s all fun and games until the other country starts to get nationalistic and then uses our own technology against us. I’ve got to admit, truth be told, I really don’t care. As far as I’m concerned, billion dollar corporations need to fight it out. Whatever Trump is doing now will be repealed as soon as a new President gets elected — because that’s how retarded our foreign policy is — fleeting and whimsical.
Dow futs +171, Nasdaq +51 — prepare to make some money.
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