This week marks the first set of quarterly reports to be released in 2021. Several companies are expected to announce quarterly results this week. For shrewd investors, it will be important to evaluate the management commentaries in these reports for the upcoming months because they may set the tone for the markets in the near term at least…
A strong showing and outlook may set a bullish tone for the start of 2021. Other factors that will influence the direction of the markets include today’s Georgia U.S. Senate runoff elections and the disposition of the incoming Biden Presidential administration later in the month.
Companies like Micron Technology, Inc. (MU – Get Rating), Constellation Brands, Inc. (STZ – Get Rating), Walgreens Boot Alliance, Inc. (WBA – Get Rating), and ConAgra Brands, Inc. (CAG – Get Rating) are slated to announce their results this week. These companies are expected to see a growth in revenue and EPS in the soon-to-be reported last quarter, which, we think, should drive their stocks higher.
MU provides semiconductor solutions globally. The company is involved in dynamic random-access memory (DRAM), NAND flash, and NOR flash products. MU’s stock gained 37.9% in 2020.
The company recently developed and launched the world’s first 176-layer 3D NAND flash memory, which has a range of applications in smartphones, intelligent edge, and data centers. The company has also started mass producing the world’s first universal flash storage (UFS) multichip package with low-power DDR5 (LPDDR5) DRAM.
MU will be reporting its first fiscal quarter report on January 7. During the last quarter, the company saw a 24% year-over-year increase in revenue. Its revenue from DRAM sales was up 29% during the same period.
MU is expected to see a revenue growth of…
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