Tag: Stock

Why Micron Technology Stock Can Break Higher From 20-Year Highs

Shares of Micron Technology (NASDAQ:MU) have shot up to 20-year highs this fall thanks to a couple of price target upgrades by Wall Street analysts, who predict that the memory specialist has more upside to offer on the back of higher demand from data centers and 5G smartphones.

Deutsche Bank and Mizuho Securities have raised their per-share price targets to $70, indicating an upside of around 10% from Micron’s current stock price. But it wouldn’t be surprising to see the memory specialist break higher and surpass Wall Street’s expectations. Let’s see why.

MU Chart

MU data by YCharts

A favorable DRAM environment

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Is Fujian Blue Hat Interactive Entertainment Technology (BHAT) A Good Stock To Buy?

At Insider Monkey, we pore over the filings of nearly 817 top investment firms every quarter, a process we have now completed for the latest reporting period. The data we’ve gathered as a result gives us access to a wealth of collective knowledge based on these firms’ portfolio holdings as of September 30. In this article, we will use that wealth of knowledge to determine whether or not Fujian Blue Hat Interactive Entertainment Technology (NASDAQ:BHAT) makes for a good investment right now.

Fujian Blue Hat Interactive Entertainment Technology (NASDAQ:BHAT) investors should pay attention to an increase in enthusiasm from smart

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Why CBAK Energy Technology Stock Continued Its Rebound on Friday

What happened

Shares of Chinese lithium rechargeable battery maker CBAK Energy Technology (NASDAQ:CBAT) were on the rise again Friday, up by as much as 17.7% in early trading, and holding onto an 8.2% gain as of 12:08 p.m. EST. It was the stock’s second consecutive day of big gains after two straight days of even bigger losses.

So what

There doesn’t appear to be any “news” driving shares higher Friday — no analyst upgrades, no excited press releases from management. Rather, it appears traders are taking advantage of CBAK Energy’s now-lower share price to buy in.

And if you think

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Why SolarEdge Technology’s Stock Could Have Dark Days Ahead

The valuations of companies across the solar power industry have soared this year — and with those higher stock prices come higher expectations for growth.

High expectations are exactly why SolarEdge Technology’s (NASDAQ:SEDG) shares got pummeled during the last month. And if it’s starting to lose market share, those shares may continue their slide.

Roof with solar installation on partly cloudy day.

Image source: Getty Images.

What SolarEdge reported in Q3

For starters, we should ground this discussion in some metrics from 2020’s third quarter. Management announced that SolarEdge’s revenue fell by 17.6% to $338.1 million in the quarter, as the number of power optimizer units shipped declined

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Is Marvell Technology Group (MRVL) Stock Outpacing Its Computer and Technology Peers This Year?

The Computer and Technology group has plenty of great stocks, but investors should always be looking for companies that are outperforming their peers. Is Marvell Technology Group (MRVL) one of those stocks right now? By taking a look at the stock’s year-to-date performance in comparison to its Computer and Technology peers, we might be able to answer that question.

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Marvell Technology Group is one of 616 individual stocks in the Computer and Technology sector. Collectively, these companies sit at #10 in the Zacks Sector Rank. The Zacks Sector Rank gauges the strength of our 16 individual sector groups

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