In today’s briefing:
- Micron’s FQ1 23 Earnings. Yikes!
- The S&P 500 Has Further Lows Ahead In 2023
- Binance: Waiting For The Other Shoe To Drop
Micron’s FQ1 23 Earnings. Yikes!
- Micron yesterday announced FQ1 revenues of $4.1 billion, , down 39% sequentially and down 47% year over year.
- This was still within the forecasted range, albeit at the very low end of the scale.
- Gross margin came in at 22.9%, down approximately 17 percentage points sequentially, primarily due to lower pricing.
The S&P 500 Has Further Lows Ahead In 2023
- China is the real pivot that could drive stocks, say investors.
- China’s economic growth could be a real pivot for stocks, they say.
- China’s economy is a key factor in the growth of the country’s economy, according to analysts.
Binance: Waiting For The Other Shoe To Drop
- A DOJ investigation adds further negative sentiment to the ‘black box’ of the finance exchange.
- The DOJ investigation is being investigated by the Department of Justice, which is under investigation into the exchange exchange exchange between banks and banks.
- The investigation is expected to conclude in the coming weeks. The investigation will be conducted by the Justice Department.
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