Shares of Micron Explode Higher Thanks to Soaring DRAM, NAND Prices

Both DRAM and NAND trade like any other commodity. When $MU struggled most, it was due to oversupply of the DRAM and NAND memory markets — which later caused them to miss earnings.

With the merger of Elpida and Micron, the company is second to only Samsung in the DRAM market and fourth in NAND.

As you can see, the share price of Micron correlates tightly to the pricing of DRAM and NAND memory.

Reports Q2 (Feb) earnings of $0.90 per share, $0.04 better than the Capital IQ Consensus of $0.86; revenues rose 58.4% year/year to $4.65 bln vs the $4.65 bln Capital IQ Consensus.

The increase in the company’s revenues of 17 percent for the second quarter of fiscal 2017 compared to the first quarter of fiscal 2017 was due primarily to a 21 percent increase in DRAM average selling prices and an 18 percent increase in trade NAND sales volumes. The company’s overall consolidated GAAP gross margin of 36.7 percent for the second quarter of fiscal 2017 was 11.2 percentage points higher compared to the first quarter of fiscal 2017 primarily due to increases in DRAM average selling prices and manufacturing cost reductions for both NAND and DRAM.

Co issues upside guidance for Q3, sees EPS of $1.43-1.57, excluding non-recurring items, vs. $0.93 Capital IQ Consensus Estimate; sees Q3 revs of $5.2-5.6 bln vs. $4.52 bln Capital IQ Consensus Estimate.

That a massive guided up for Q3. Another major player that might benefit from this move is $WDC, especially since they recently acquired Sandisk, the number 3 players in NAND.

Look for 2014’s highs to be taken out.

Dreadful numbers out of a dinosaur of a company.

Shares of $GME are being harangued this morning after the company missed and warned, without really explaining why they sucked so badly. Rest assured, their share buyback program of more than $175m is still in play, so maybe the stock will find a bottom soon.

Both software and hardware sales slid, but collectible were up — thanks to strong Pokémon sales.

As stated in the company’s holiday sales release in January, the fourth quarter was significantly impacted by weak sales of certain AAA titles and aggressive console promotions by other retailers on Thanksgiving Day and Black Friday. As a result, new hardware sales declined 29.1% and new software sales declined by 19.3%.

Pre-owned sales outperformed new video games, declining 6.7% compared to the fourth quarter of 2015.

Non-GAAP digital receipts declined 7.7%, to $373.4 million and GAAP digital sales declined 5.8%, to $57.2 million. Digital sales were impacted by the decline in new video game sales. Technology Brands sales, which are not included in comparable store sales, increased 43.9% to $256.0 million, primarily driven by year-over-year store growth. Technology Brands adjusted operating earnings were $34.0 million, an 88.9% increase compared to $18.0 million in the prior-year quarter. On a GAAP basis, operating losses were $12.0 million due to store rationalization and asset impairment charges recorded during the fourth quarter.

Collectibles sales rose 27.8% to $212.4 million, driven by strong sales of Pokémon-related toys and apparel. The company added 17 Collectibles stores during the quarter, bringing the total global portfolio to 86 stores, including 24 ThinkGeek stores in the U.S.

Co issues guidance for FY18, sees EPS of $3.10-3.40 vs. $3.72 Capital IQ Consensus Estimate; sees FY18 revs of (2)-2% to ~$8.44-8.78 bln vs. $8.65 bln Capital IQ Consensus Estimate.
“Going forward, GameStop will provide annual guidance, and no longer provide quarterly EPS or same store sales guidance. We believe that providing only annual guidance will reduce investor distraction as we continue to diversify the company and seek to maximize long-term shareholder value. It also benefits our organization in that it concentrates attention on longer-term targets and reduces the focus on short-term results, which can be volatile given the current business environment.”

For the full year, GameStop repurchased 3.01 million shares at an average price of $24.94, or $75.1 million of stock. As of today, there is $170.2 million remaining on the existing repurchase authorization. consolidated comparable store sales declined 16.3% (-20.8% in the U.S. and -4.6% internationally).

The mall is dead and so is gaming, apparently.

It’s fucking happening. On Hannity tonight, Rep. Devin Nunes said the intelligence briefings that discussed Trump and his team were spread far and wide amongst all of the intelligence agencies, something that might’ve been made possible because of Obama’s last minute rule change that permitted sharing of intelligence between all of the agencies. By doing so, it made the possibilities of leaks exponentially greater — as was the case with General Flynn.

On that point, Nunes said he is actively trying to find out who leaked the Flynn surveillance to the media — a felony punishable by up to 5 years in prison. He wants to know why Trump’s identity was ‘unmasked’ in the ‘incidental’ surveillance reports and whoever did it might be the person(s) responsible for the leaks that might send them directly to jail.

Every liberal’s nightmare, Ann Coulter, visited Tucker Carlson tonight to discuss why she’s been critical of Trump as of late — due to his agenda shifting to traditional GOP corporate shilling and away from his campaign promises of making Mexico pay for a god damned wall they don’t want.

She pressed her case against Ryancare — which she believes is an abomination of biblical proportions. Moreover, she reminded people that Ryan is a failed VP candidate and people should embrace the God Emperor’s platform of jobs, wall, and infrastructure.

GUILTY of the espionage act.

Lt. Gen. Thomas Mcinerney weighed in on Devin Nunes’ bombshell revelations that said the Trump team were being spied on by the NSA/CIA — and it wasn’t Russia related. The whole cover for the surveillance was supposed to be because Trump had a bunch of Ivans working for him, but that simply wasn’t the case, or the concern, inside the Obama White House.

McInerney believes when all of the evidence comes out, Obama will rue the day he decided to spy on Trump. Moreover, he said the democrats are chimping out and fabricating a Russian spy novel in order to avoid Trump investigating the Clinton server and how both Hillary and Obama violated the espionage act, a crime punishable by heavy fines and up to 10 years in prison.

Section 793(f) of the federal penal code (Title 18): With lawful access to highly classified information she acted with gross negligence in removing and causing it to be removed it from its proper place of custody, and she transmitted it and caused it to be transmitted to others not authorized to have it, in patent violation of her trust.

The former ethics attorney for the idiot Bush made reference to an article which said the FBI was investigating ‘right wing’ websites — who might’ve been complicit in helping the, err, Russians win the election for their agent — Donald J. Trump. You’ve got to be kidding me with this shit.

A little background on Mr. Painter.

Professor Richard W. Painter received his B.A., summa cum laude, in history from Harvard University and his J.D. from Yale University, where he was an editor of the Yale Journal on Regulation. Following law school, he clerked for Judge John T. Noonan Jr., of the United States Court of Appeals for the Ninth Circuit and later practiced at Sullivan & Cromwell in New York City and Finn Dixon & Herling in Stamford, Connecticut.

He also writes for Huffington Post — where he shills all day.

His Twitter feed reads like a disjointed Anti-Trump fanatic — hedged by his role inside of the GW Bush administration.

FBI uncovering evidence of treason. There is no other word for it.https://t.co/JLY7KZfQIY

— Richard W. Painter (@RWPUSA) March 23, 2017

During the campaign, Mr. Painter was an outspoken advocate for Hillary — writing an oped piece in the NY Times saying she was the “only qualified candidate in the race and she should become president.”

“There is little if any evidence that federal ethics laws were broken by Mrs. Clinton or anyone working for her at the State Department in their dealings with the foundation.”

Right (wink, wink).

In short, the media, once again, have been caught trying to be duplicitous with their headlines — painting Painter as a former republican distraught by the presence of Donald Trump in the White House — a conscientious objector, when in fact he’s nothing more than a life long liberal who happened to have a 2 year stint inside of GW’s neocon heavy administration

Fuck off.

The problem with politicians, generally speaking, is that they’re not very smart people. Anyone worth anything to society doesn’t go into politics, a craven destination for power hungry mongrels. They go into the private sector and become a business success.

The republicans had eight years to prepare for a new healthcare bill, always bluffing to repeal Obamacare because they knew Obama would never actually allow them to get away with it. Now that the failed GOP have all three branches of power, they’re doing what they do best: fail.

According to sources, the White House gave the Freedom Caucus a final offer — before publicly ameliorating them and casting them out into the cold winds to bruise and perish.

“It’s really in the hands of the members to accept or reject the White House’s offer,” the North Carolina Republican said.

I haven’t the slightest idea if Trumpcare will be better or worse than Obamacare. It should not surprise you when I say that I pay cash for my healthcare, via concierge service, and have zero faith in government to get this right. It is, indelibly, broken and I keep telling myself that the only way to outpace the insane rate of inflation in healthcare is by outpacing it with gains in personal earnings.

Stupidly, the market viewed this as an assault on Trump’s pro growth agenda and sold off as a consequence.

Like I said earlier, we might flounder for a few days; but rest assured, we’ll break out soon enough.

Top and only pick: $WLK

These people are maniacle sociopaths. Wikileaks is doing a live QnA regarding this new vault7 release that proves the CIA is, essentially, loading iPhones with malware that is able to spy on you, even after a factory reset.

But no, they were never spying on Trump. That’s going to far. These are good guys, right shitlibs?

Today, March 23rd 2017, WikiLeaks releases Vault 7 “Dark Matter”, which contains documentation for several CIA projects that infect Apple Mac Computer firmware (meaning the infection persists even if the operating system is re-installed) developed by the CIA’s Embedded Development Branch (EDB). These documents explain the techniques used by CIA to gain ‘persistence’ on Apple Mac devices, including Macs and iPhones and demonstrate their use of EFI/UEFI and firmware malware.

Among others, these documents reveal the “Sonic Screwdriver” project which, as explained by the CIA, is a “mechanism for executing code on peripheral devices while a Mac laptop or desktop is booting” allowing an attacker to boot its attack software for example from a USB stick “even when a firmware password is enabled”. The CIA’s “Sonic Screwdriver” infector is stored on the modified firmware of an Apple Thunderbolt-to-Ethernet adapter.

“DarkSeaSkies” is “an implant that persists in the EFI firmware of an Apple MacBook Air computer” and consists of “DarkMatter”, “SeaPea” and “NightSkies”, respectively EFI, kernel-space and user-space implants.

Documents on the “Triton” MacOSX malware, its infector “Dark Mallet” and its EFI-persistent version “DerStake” are also included in this release. While the DerStake1.4 manual released today dates to 2013, other Vault 7 documents show that as of 2016 the CIA continues to rely on and update these systems and is working on the production of DerStarke2.0.

Also included in this release is the manual for the CIA’s “NightSkies 1.2” a “beacon/loader/implant tool” for the Apple iPhone. Noteworthy is that NightSkies had reached 1.2 by 2008, and is expressly designed to be physically installed onto factory fresh iPhones. i.e the CIA has been infecting the iPhone supply chain of its targets since at least 2008.

While CIA assets are sometimes used to physically infect systems in the custody of a target it is likely that many CIA physical access attacks have infected the targeted organization’s supply chain including by interdicting mail orders and other shipments (opening, infecting, and resending) leaving the United States or otherwise.

WHAT THE FUCK DID I JUST READ?

Watch

LIVE in 10 minutes WikiLeaks press conference on CIA "dark matter" #Vault7 https://t.co/iJUk0OZeyg

Ask questions with #AskWL

— WikiLeaks (@wikileaks) March 23, 2017

Flat market at the open, with bounces in banks, biotechs and small caps. Breadth is near 60% and there is an undertone of optimism with today’s movers.

After all, fucking $FEYE is leading the way higher.

Having gone through the emotional fucktitude of being bearish last year, I can tell you it’s a deep rabbit hole filled with fuckheads who should be executed.

I’ll repeat that for you.

Most bears should be rounded up and summarily executed for crimes against the state.

Sure, markets tend to fuck everyone once per decade. But over time, the stock market plods along with population growth. Having said that, there are harrowing demographic shifts taking place in Italy and Japan, as well as many other homosexual laden places in Europe, which is why you should never buy into gay indices. Inherently, they’re anti-growth. If you’re not having babies, you’re not growing. If you’re not growing, you should be executed.

Any questions?

I have all of my money in one chemical stock, $WLK — because I love the stuff. Chemicals and Fly go together like hand in glove. With the industrial might of America resuming the course of hegemony, plastics will explode in growth — alongside building materials. I know exactly what I’m doing and you’ll just have to wait and see.

I have a supreme confidence in markets sky rocketing from here, inside of 5 days. We might flounder for a day or two, feign weakness in order to lure in the catamites. But, rest assured, we will kill them and we won’t take prisoners.

***ALL PRISONERS OF THE STOCK MARKET, FORTHWITH, SHALL BE EXECUTED IN THE CITY SQUARE BY WAY OF PENII GUILLOTINE.***

That is all.

Cyber security-fags will be delighted by this call — helping to squeeze some life into the flaccid shares of $FEYE this morning. Out of all the cyber security stocks, Fireeye is easily the worst, having bore the brunt of an unbelievable sell off from its IPO highs just a few years ago.

But an analyst who goes by the name of Gabriela Borges from Goldman Sachs thinks all of that is about to change. She upgraded the stock and increased her target by 50% from $10 to $15.

“Street 2017 product revenue and billings estimates have been materially reset, with mix shift to recurring revenue occurring faster than we expected, and increased detail on the pricing model for Helix. We believe the introduction of Helix, an advanced analytics platform, addresses many of FireEye’s previous challenges by reducing total cost of ownership (TCO) by 33-50%, and streamlining the company’s go-to-market under its new head of sales. As the new model comes into focus, we expect more consistent execution and FCF generation. Since being added to Americas Sell List on 11/22/16, FEYE is -12% vs. S&P 500 +7%.”

Shares are soaring in the pre-market and should provide succor for other security plays like $FTNT, $CYBR and $PANW.