Top Clean Energy Stocks To Own Right Now

Large cap memory stockMicron Technology (NASDAQ: MU) reported better than expected fiscal Q3 2017 earnings after the market closed yesterday plus gave a forecast forbetter-than-expected profit and revenue for the current quarter as it benefits from improved prices of memory chips amid tight supply along withdemand from cloud-services providers and smartphone makers.

Q3 revenues rose 20% sequentially and 92% year-over-yearto arecord $5.57 billion due primarily to a 14% increase in DRAM average selling prices and a 17% increase in trade NAND sales volumes. Net incomewas $894 millionversus a net loss of $215 million for the third quarter of fiscal 2016. The CEO commented:

“Micron delivered strong operational performance in the third quarter with free cash flow nearly double last quarter, which enabled us to retire $1 billion in debt. Our results reflect solid execution of our cost reduction plans and ongoing favorable industry supply and demand dynamics. The global trends taking shape today, including machine learning and big data analytics, are exciting and create significant opportunities for Micron.We are focused on positioning the company to realize these opportunities by investing in technology and products while also strengthening our balance sheet.”

Top Clean Energy Stocks To Own Right Now: Alere Inc.(ALR)

Advisors’ Opinion:

  • [By Lisa Levin]

    Benzinga's newsdesk monitors options activity to notice unusual patterns. These large volume (and often out of the money) trades were initially published intraday in Benzinga Professional . These trades were placed during Thursday’s regular session.

  • [By Lisa Levin]

    In trading on Wednesday, healthcare shares fell by 0.91 percent. Meanwhile, top losers in the sector included Alere Inc (NYSE: ALR), down 8 percent, and Exelixis, Inc. (NASDAQ: EXEL), down 10 percent.

Top Clean Energy Stocks To Own Right Now: Molex Incorporated(MOLX)

Advisors’ Opinion:

  • [By Shauna O’Brien]

    Shares of electronic connector maker Molex Incorporated (MOLX) skyrocketed on Monday morning after reports that the company will be acquired by Koch Industries.

    Koch Industries has agreed to acquire Molex for a total of $7.2 billion. This deal will include all outstanding shares of the company’s Common Stock, Class A Common Stock and Class B Common Stock for $38.50 per share.

    The deal has been approved by the board of directors of both companies. Molex will continue to maintain its current management team and its current headquarters in Lisle, IL.

    Molex shares were up $9.15, or 31.17%, during Monday morning trading. The stock is up 41% YTD.

Top Clean Energy Stocks To Own Right Now: Critical Elements Corporation (CRECF)

Advisors’ Opinion:

  • [By SEEKINGALPHA.COM]

    ILC reminds me of Critical Elements [TSXV:CRE] (OTCQX:CRECF) having five projects (CRE has 11), and also of Galaxy Resources (ASX:GXY) (OTCPK:GALXF) by being diversified across brine and spodumene and across three continents. Also some similarity with Neo Lithium’s (OTC:NTTHF) [TSXV:NLC] early stage Argentinean brine project which I recently wrote about here. However, ILC trades at a much smaller market cap of US$8m to that of Critical Elements (US$85m) or Galaxy Resources (US$724m). This is partly due to ILC giving away significant percentages of their projects, and because they are still in the early stages of development.

Top Clean Energy Stocks To Own Right Now: Ultra Clean Holdings, Inc.(UCTT)

Advisors’ Opinion:

  • [By Lisa Levin]

    In trading on Friday, technology shares fell 3.59 percent. Meanwhile, top losers in the sector included Ultra Clean Holdings Inc (NASDAQ: UCTT), down 5 percent, and Brooks Automation, Inc (NASDAQ: BRKS), down 10 percent.

  • [By Lisa Levin]

    In trading on Monday, technology shares fell 0.65 percent. Meanwhile, top losers in the sector included Ultra Clean Holdings Inc (NASDAQ: UCTT), down 4 percent, and Mitek Systems, Inc. (NASDAQ: MITK), down 7 percent.

Leave a Reply

Your email address will not be published. Required fields are marked *