Tag: Stocks

Everywhere you look, the signs point to an awful rest of the year for Micron Technology (NASDAQ:MU). After a volatile second half of 2018, investors hoped that things would turn around in 2019.  For a while, they did. From the January opener to April’s closing session, MU stock gained nearly 36%. But as you know, that bullishness crumbled shortly thereafter.For the first half of this year, sales to Chinese consumer-tech firm Huawei represented 13% of Micron’s total revenue. The jury’s still out on the impact on those sales from that “minor inconvenience” presented by the U.S. Department of Commerce labeling the

Baidu (NASDAQ:BIDU) investors have seen better days. The stock has hit multiyear lows in each of the past four weeks, and what initially started as a drop to its lowest level in three years is now a five-year low. Shares of China’s leading search engine provider are now just a 9% decline away from falling to the double digits for the first time since the summer of 2013.

The Motley Fools article goes on to list three reasons why the stock price would head higher vs. lower, but I’m going to focus on just one of the reasons from a valuation

Mike Wilson — hailed across Finance Twitter as “Wall Street’s most bearish analyst” — says there’s one big risk out there for investors…“The macro and micro economic data continue to deteriorate,” Morgan Stanley’s chief investment officer wrote, pointing to weak durable goods orders, disappointing capital spending, soggy retail earnings, lackluster freight shipments, and a “very soft” jobs number as evidence of an economy running on fumes.Don’t be so quick to blame U.S.-China trade tensions, either, he said. “The economy was already slowing and escalation potentially makes things worse.”And if you’re waiting for a lower interest rates to ignite a rally…

Piper Jaffray analyst Erinn Murphy reiterated an Overweight rating with a $40 price target.Murphy said Tapestry management is confident in the multi-brand strategy and reiterated their view to achieve double-digit EBIT growth in fiscal year 2020. The Kate Spade transition is underway and by the end of June, over 90 percent of full-price products will be from new creative director Nicola Glass.“While management acknowledged the overall North America retail climate has been ‘choppier’ year-to-date, trends overseas are particularly strong and they are not seeing pressure in their China business,” Murphy wrote in the note.China is still the largest opportunity across

Fluor Corporation, through its subsidiaries, provides engineering, procurement, construction, fabrication and modularization, operation, maintenance and asset integrity, and project management services worldwide.

Shares of engineering contractor Fluor (NYSE: FLR) slumped a whopping 30.2% in May, according to data provided by S&P Global Market Intelligence. In a nutshell, Fluor is seeing a continuation of the execution problems that beset the company in 2018. By management’s admission, the company was overly aggressive in bidding for certain projects in recent years, putting it in a position where it needed perfect execution in order to be profitable. Unfortunately, not all the projects went according to plan and the company has faced