🦉 MU Nears Breakout as Analysts Continue to Pound the Table

Shares of Micron Technology (NASDAQ: MU), a leading provider of storage-focused microchip products worldwide, are having a year to remember. MU has surged over 40% year-to-date, significantly outperforming the overall market and its semiconductor sector, up 27% during the same period.  Notably, Micron Technology possesses an increasingly bullish sentiment. The stock is one of the most followed names and a favorite amongst analysts, earning it a spot on the top-rated list and most upgraded stocks list.  After posting an impressive earnings beat in March, the stock has spent several months consolidating above rising key moving averages, forming a bullish consolidation. . ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌  Unsubscribe Your Evening Recap for Thursday, May 9th The equity market continued to grind higher on Thursday. The S&P 500 advanced half a percent and is now a striking distance of an all-time high. The all-time is about 60 S&P points above Thursday's close, about 1%, and could be reached in a single session. The question is, if it will, what will happen then? Will the market continue to set new highs over the summer, or will sell-in-May-and-go-away grip the market? Friday's action may take the market to a new high because of a wait-and-see attitude regarding selling. The next big hurdles for the market will come next week when retailers like Home Depot and Walmart release earnings; and on Wednesday with the release of the CPI index. The CPI is not expected to show a significant slowdown in inflation and will keep the FOMC from altering course. This means the first rate cut will come in late summer, if at all. Featured: Bitcoin Rockets To Record High But Buy THIS Instead (Paradigm Press) MU Nears Breakout as Analysts Continue to Pound the Table Shares of Micron Technology (NASDAQ: MU), a leading provider of storage-focused microchip products worldwide, are having a year to remember. MU has surged over 40% year-to-date, significantly outperforming the overall market and its semiconductor sector, up 27% during the same period.  Notably, Micron Technology possesses an increasingly bullish sentiment. The stock is one of the most followed names and a favorite amongst analysts, earning it a spot on the top-rated list and most upgraded stocks list.  After posting an impressive earnings beat in March, the stock has spent several months consolidating above rising key moving averages, forming a bullish consolidation. Read The Full Story > $25,000 into $109,616 in two months? 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Bank of England edges closer to rate cut, possibly in June, as it predicts below-target inflation The Bank of England is keeping its main U.K. interest rate at a 16-year high of 5.25% though it gave a broad hint that a reduction could be on the cards as soon as June as inflation is forecast to fall below target Read The Full Story > How to Read an Earnings Report | Step by Step Guide with Tips Earnings reports are trickling out from some of the biggest public companies, and investors remain uncertain about the current environment. Economic expansion is slowing and sentiment is muted, but good earnings data could boost stocks into the next leg of the bull market. Are you up to speed on how to read earnings reports? If not, this article will provide the knowledge to decipher earnings data and separate actionable info from corporate fluff, making you a more confident investor. Why do public companies release earnings reports? For starters, it's the law - the Securities and Exchange Commission (SEC) requires public companies to make regular financial reports to shareholders.  Additionally, earnings releases are like report cards for public companies. Read The Full Story > How Biden has already won 2024 (Ad) Obama's Forever Term [Exposed] or Obama Biden has already won 2024 Exposed: the shocking election plot that will forever enshrine Obama's destructive, Marxist vision for America… A plot that could hand him and his allies near-total control over the government, your way of life, and your future. Click here to watch this now before it's too late. European companies are less upbeat about China's vast market as its economy slows China is actively seeking foreign investment to boost its slowing growth, but that very sluggishness is weighing on company plans to grow their businesses in the world's second largest economy, an annual survey of more than 500 European companies has found.The slowing economy is now the dominant concern of respondents to the European Chamber of Commerce in China survey, which was released Friday. China still ranks high as a place to invest, but the share of companies considering an expansion of their operations in the country this year fell to 42%, the lowest ever recorded."The business outloo... Read The Full Story > The Night Owl is an evening newsletter published by The Early Bird and powered by MarketBeat. The Night Owl covers top stories on the stock market and outlook on interesting stocks. 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