Earnings Report 6/24-6/28

Micron Technology

 

 

MU
-“On average, analysts polled by FactSet expect Micron to report May quarter (fiscal third quarter) revenue of $4.69 billion (down 40% annually) and non-GAAP EPS of $0.79 (down 75%). For the August quarter — Micron has been providing quarterly guidance on its earnings call — the consensus is for revenue of $4.56 billion (down 46%) and EPS of $0.58 (down 84%).” 13% of MU sales also come from China, with current Trade-War tensions, worried Micron sales have been affected. (https://www.thestreet.com/investing/stocks/micron-earnings-on-tuesday-what-to-watch-14997516?puc=yahoo&cm_ven=YAHOO&yptr=yahoo)
-There have been two insider selling reports over the past few months. SVP, legal affairs Joel Poppen exercised stock option for $838k worth of Micron stock. SVP of HR, April Amzen, also exercised stock option worth $834k of stock. (http://openinsider.com/search?q=mu)

 

 

FedEx Corporation

 

 

FDX
-Buying of KNX Jul 35’s and August 40’s being bought ahead of FDX earnings. 
-FedEx cut prices on 2-Day Air delivery to the same price as its Ground delivery to combat UPS prices to try and steal E-Commerce deliveries.
-FedEx sued the US Government say it would not be held liable if it accidentally shipped products that violated the Trump administration ban on exports to Chinese companies. “The move came after FedEx reignited Chinese ire over its business practices when a package containing a Huawei phone sent to the United States was returned last week to its sender in Britain, in what FedEx said was an “operational error.” Fears that China would blacklist FedEx as a result sent its shares down 2.7% on Monday.” (https://www.cnbc.com/2019/06/25/fedex-sues-the-us-government-over-the-impossible-task-of-policing-exports-to-china.html)
-Recent selling has been made by COB, CEO Frederick Smith for $29.55m of shares through exercising of option. There was also a large selling from EVP CFO Alan Grant who exercised an option for $4.7m worth of stock. (http://openinsider.com/search?q=fdx

 

 

BlackBerry Limited

 

 

BB
-“BB announced that its QNX software is now embedded in more than 150 million cars on the road today. This is an increase of 30 million cars since the company reported its automotive footprint in 2018.”
-“BlackBerry, a leader in automotive cybersecurity, has the highest level of automotive certification for functional safety with ISO 26262 ASIL D and decades of experience in powering mission-critical embedded systems in automotive and other industries. Automotive OEMs and tier ones use BlackBerry QNX technology in their advanced driver assistance systems, digital instrument clusters, connectivity modules, handsfree systems, and infotainment systems that appear in car brands, including Audi, BMW, Ford, GM, Honda, Hyundai, Jaguar Land Rover, KIA, Maserati, Mercedes-Benz, Porsche, Toyota, and Volkswagen. “ (
Walgreens Boots Alliance, Inc

 

 

 

NIKE, Inc