Micron Earnings Due After Close as New Home Sales Data Awaited

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3▲1 ▼0Impact / 5
Summary · why it matters

Micron Technology is set to report fiscal third-quarter earnings after the closing bell, with analysts projecting a 998% surge in earnings and a 292% jump in revenues. The stock has risen 3% in early trading but remains roughly flat over the past month. Meanwhile, the 21st Century Road to Housing Act, a bipartisan bill aimed at cutting costs and red tape to boost housing supply, is scheduled to be signed into law by President Trump today. Ahead of the opening bell, May new home sales are expected to rise to a seasonally adjusted annualized rate of 632,000 units, up from the prior month. The tally for April demonstrated a downturn of 6.2% in new home sales, with a 9.4 months' supply of new housing totaling 489,000 units, and the median price for a new home last month, nation-wide, was $422,500.

Impact on assets 4

Consumer Discretionary▲ · 3 stocks
KB Home
KBH
± MixedRegulationrelevance

Housing bill signing may boost homebuilder sentiment, but no direct mention of KB Home.

Lennar Corporation
LEN
± MixedRegulationrelevance

Housing bill signing may boost homebuilder sentiment, but no direct mention of Lennar.

PulteGroup Inc
PHM
± MixedRegulationrelevance

Housing bill signing may boost homebuilder sentiment, but no direct mention of PulteGroup.

Semiconductors▲ · 1 stocks
Micron Technology Inc
MU
▲ PositiveCapitalrelevance

Micron is set to report earnings with projected massive growth; stock up 3% in early trading.

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