Australia  

Celebrating 10 Years of Trusted News Discovery
One News Page
> >

Jim Cramer Thoughts on Micron, Biogen, Apple and Tesla

Video Credit: The Street - Duration: 10:37s - Published < > Embed
Jim Cramer Thoughts on Micron, Biogen, Apple and Tesla

Jim Cramer Thoughts on Micron, Biogen, Apple and Tesla

Is it Friday yet?

Micron's Earnings Real Money's Stock of the Day Micron posted stronger-than-expected second quarter earnings and echoed semiconductor sector rivals by forecast an uptick in global demand over the second half of the year.

Micron said adjusted non-GAAP earnings for the three months ending in February, the company's fiscal second quarter, came in at $1.71 per share, down nearly 40% from the same period last year but 4 cents ahead of the Street consensus forecast.

Group revenues, Micron said, slumped 20.55% to $5.84 billion but again topped analysts' estimates of $5.82 billion.

Adjusted free cash flow for the period hit $1 billion.

Biogen's Big Loss Biogen said the phase III trial of aducanumab, which it was conducting alongside Japan's Eisai Co.

Ltd.

, was designed to study a treatment for patients with mild cognitive impairment due to Alzheimer's disease or mild Alzheimer's disease dementia.

It was abandoned after deeming the drug was unlikely to be successful, but noted safety issues were not the basis for the cancellation.

"This disappointing news confirms the complexity of treating Alzheimer's disease and the need to further advance knowledge in neuroscience.

We are incredibly grateful to all the Alzheimer's disease patients, their families and the investigators who participated in the trials and contributed greatly to this research," said CEO Michel Vounatsos.

"Biogen's history has been based on pioneering innovation, learning from successes and setbacks." Apple's Upgrades Three analysts upgraded for Apple Thursday ahead of its much-anticipated launch event next week in Cupertino.

Citigroup boosted its price target on Apple by $50 to $220 per share with analyst Jim Suva expecting a dividend increase and a $100 billion increase in the company's share buyback plans when it reports second quarter earnings next month.

Needham analysts upgraded Apple to "strong buy", with Laura Martin lifting her price target by $45 to $225 and arguing the company is "most likely to prevail in a direct competition between FAANG ecosystems." Will I Have Enough Money to Retire?

Want to learn about retirement planning from some of the nation's top experts?

Join TheStreet's Robert "Mr. Retirement" Powell live in New York on April 6 for our Retirement Strategies Symposium.

Check out the agenda, learn about the speakers and sign up here.

0
shares
ShareTweetSavePostSend
 

You Might Like


Recent related videos from verified sources

Jim Cramer Gives His Quick Take On Earnings [Video]Jim Cramer Gives His Quick Take On Earnings

tk

Credit: The Street     Duration: 00:57Published

Jim Cramer: It's 420, Here's How to Play the Cannabis Sector [Video]Jim Cramer: It's 420, Here's How to Play the Cannabis Sector

...

Credit: The Street     Duration: 01:48Published

Jim Cramer's Takeaway From Abbott's Earnings [Video]Jim Cramer's Takeaway From Abbott's Earnings

Abbott Labs reported first-quarter earnings that topped its own forecast. Abbott reported adjusted earnings of 63 cents per share on revenue of $7.5 billion, a 2% year-over-year increase. Analysts..

Credit: The Street     Duration: 01:30Published

Jim Cramer: Should You Sell Shares After a Company Announces Weak Guidance? [Video]Jim Cramer: Should You Sell Shares After a Company Announces Weak Guidance?

Netflix announced weak guidance when it released earnings Tuesday after the bell. The company said it added 9.6 million paid streaming subscribers in the first quarter, beating guidance of 8.9..

Credit: The Street     Duration: 00:56Published

Jim Cramer: Qualcomm's Ending its Dispute With Apple [Video]Jim Cramer: Qualcomm's Ending its Dispute With Apple

Qualcomm ended its long-running dispute with Apple over royalty payments for Qualcomm's smartphone equipment. Qualcomm shares jumped 23.2% on Tuesday after the settlement was announced. The..

Credit: The Street     Duration: 00:32Published

Jim Cramer's Thoughts on Abbott and Netflix Earnings, Qualcomm and Apple [Video]Jim Cramer's Thoughts on Abbott and Netflix Earnings, Qualcomm and Apple

Here's what Jim Cramer is watching in the markers Wednesday morning. Abbott's Earnings Abbott Labs reported first-quarter earnings that topped its own forecast. Abbott reported adjusted earnings of 63..

Credit: The Street     Duration: 05:13Published

What Is FAANG? Jim Cramer Explains [Video]What Is FAANG? Jim Cramer Explains

Ready for some investing education? Jim Cramer explains FAANG--Facebook , Apple , Amazon , Netflix and Alphabet . "What is Fang? Facebook. Amazon. Yeah. What are, what does that break down? And..

Credit: The Street     Duration: 01:06Published

Jim Cramer: What Bank of America Means for the Banks [Video]Jim Cramer: What Bank of America Means for the Banks

Bank of America said first-quarter profit rose by 6%, as cost cuts helped to overcome a soft trading environment, wrote TheStreet's Bradley Keoun Net income climbed to $7.3 billion, the..

Credit: The Street     Duration: 00:42Published

Environmentally friendly: One News Page is hosted on servers powered solely by renewable energy
© 2019 One News Page Ltd. All Rights Reserved.
About us  |  Contact us  |  Disclaimer  |  Press Room  |  Terms & Conditions  |  Content Accreditation
 RSS  |  News for my Website  |  Free news search widget  |  In the News  |  DMCA / Content Removal  |  Privacy & Data Protection Policy
How are we doing? FeedbackSend us your feedback  |   LIKE us on Facebook   FOLLOW us on Twitter  •  FOLLOW us on Pinterest
One News® is a registered trademark of One News Page Ltd.