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Micron Earnings Test Strength of AI-Fueled Market Rally

June 19, 2026 11:42 am
Key Moments Micron Technology’s upcoming June 24 earnings release is viewed as a key barometer of AI-related chip demand and data center spending. Major U.S. equity indexes are trading near record levels, with the Philadelphia SE Semiconductor index recently hitting an all-time high and up 7% for the week. Second-quarter S&P 500 earnings growth is […] Read more

Microsoft Shares Slip Below $410 as Downtrend Deepens

June 17, 2026 2:32 pm
Key Moments Microsoft (NASDAQGS:MSFT) is trading at $387.53 and remains firmly in a 4-hour downtrend with no bullish setup unless price reclaims $410.34. Momentum indicators (ADX 27.7, -DI 40.7 > +DI 19.6) and positioning below all major moving averages, the Ichimoku Cloud, and SuperTrend confirm strong bearish control. A developing bear flag pattern, 75% complete, […] Read more

Markets Mixed Ahead of Fed as Chips, Biotech Rally

June 17, 2026 1:40 pm
Key Moments Major U.S. index futures were little changed by 08:40 ET, with Dow futures down 0.1%, S&P 500 futures up 0.1%, and Nasdaq 100 futures up 0.5%. UniQure shares spiked 67.5% in premarket trading after the FDA agreed that three-year Phase I/II AMT-130 data could underpin an accelerated approval filing for Huntington’s disease. Aehr […] Read more

Micron Gains as DRAM Shortage Outlook Lifts Targets

June 17, 2026 1:07 pm
Key Moments Micron Technology shares rose around 2.7% in premarket trading after Deutsche Bank and Citi boosted their price targets. Deutsche Bank now sees DRAM supply tightness potentially lasting well into 2028 and beyond, even with recent capacity additions. Citi projects DRAM average selling prices to jump 200% in 2026, with spot prices already 52% […] Read more

CarMax Revenue Beats Forecasts Despite Retail Margin Squeeze

June 17, 2026 12:03 pm
Key Moments CarMax first-quarter revenue increased 6.2% to $8.01 billion, topping the $7.4 billion analyst estimate. Average used-vehicle prices rose 4.5% year over year to $27,288, supporting overall revenue growth. First-quarter profit declined to $185.6 million, or $1.31 per share, from $210.4 million, or $1.38 per share, a year earlier. Revenue Outpaces Expectations CarMax Inc […] Read more

Broadcom Rebounds as AI Demand Counters Sector Weakness

June 17, 2026 11:57 am
Key Moments Broadcom shares are gaining 1.7% in pre-market trading after a sharp drop in the prior session. Wolfe Research now projects Broadcom’s XPU revenue could reach $250–300 billion in fiscal 2028, signaling a significantly larger long-term AI opportunity. The stock is trading at $383.21 in pre-market action, below its 52-week high of $495.00 but […] Read more

Robinhood Cuts Staff While Expanding Key Hiring Areas

June 17, 2026 11:54 am
Key Moments Robinhood is eliminating roughly 290 full-time positions, or about 10 per cent of its staff, in a move CEO Vlad Tenev describes as part of building a “high performance culture.” The cuts are expected to free up approximately $77 million per year in cash-equivalent compensation and about $108 million including equity, against roughly […] Read more

BMW Slashes Profit Outlook as China Weakness Hits Shares

June 17, 2026 10:03 am
Key Moments BMW cut its 2026 automotive EBIT margin guidance to 1-3% from 4-6%, triggering a share price drop of more than 7%. The automaker now expects group profit before tax to decline significantly and has reduced its automotive return on capital employed outlook to 1-5% from 6-10%. Jefferies lowered its BMW price target to […] Read more

Intel Rises in Pre-Market After 18A-P Production Milestone

June 17, 2026 9:35 am
Key Moments Intel shares rose 4.4% in pre-market trading. The move followed progress on its 18A-P process node. The 18A-P node delivers 9% higher performance at iso-power. It also cuts power use by 18% at iso-performance. Intel’s roadmap progress supports its foundry ambitions. In addition, it keeps Apple-related speculation in focus. Intel Shares Rise on […] Read more

Microsoft Struggles Below Key 4H Technical Barriers

June 16, 2026 2:28 pm
Key Moments Microsoft (NASDAQGS:MSFT) is trading at $394.59 on the 4-hour chart, remaining in a bearish downtrend below major resistance zones. Key support sits at $382.28, with primary resistance clustered in the $407–$412 band that includes the 4-hour SuperTrend and key Fibonacci and Bollinger levels. Bearish setups currently have higher conviction than bullish trades, with […] Read more