The way these news form works is that they call analysts for a positive quote of sentiment is positive and they write a story based on the sentiment. On Friday , the quotes were different. Total BS.
Micron's Stock Bounces Back In A Big Way: "The Memory Trade Is Alive And Well"
Long-term supply agreements are altering memory companies' long-term earnings potential for the better, an analyst says. Shares of Micron Technology are climb on Monday morning as investors warm back up to the memory trade following a sharp chip-sector selloff on Friday."The memory trade is alive and well," according to Cantor Fitzgerald analyst C.J. Muse, and investors are at an inflection point where they need to decide if dynamics within the cyclical industry have changed for good, he said.Micron's stock is up nearly 10% early in Monday's session after dropping 13% in Friday trading.That memory suppliers will start each quarter with half of their bits accounted for by these agreements "dramatically changes price discovery and price negotiations going forward," he said.Muse raised his price target on Micron's stock to $1,500 and his target on San
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