Hey there and happy Friday everyone!, The market started tumbling today, will it continue to snowball right into a bear market? Signs have been pointing towards a reversal for some time now, and with the S&P, Dow, & Nasdaq all losing significant points early today, it looks like the bears might be waking up from hibernation. Also this week, record-breaking IPOs from both DoorDash (DASH) and Airbnb (ABNB). Airbnb shares were set at $68, but by the time trading started, share prices had more than doubled, opening at $146/share. Have you ever wondered how early-stage investors get in on these trades before the rest of the market? Rob recently teamed up with Paul Scolardi to get the low-down on SPACs, the hidden mechanism that allows traders to invest in companies before their IPO. Paul Scolardi Spills the Tea Richard Branson and other wealthy individuals like him invest their money into private companies and make mind-blowing returns when they take them public.
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[Click here for more details.]( Mixed Feelings on the Future With the FDA's approval of Pfizer-BioNTech's COVID-19 vaccine and yet another delay in stimulus approval, today was filled with both good and bad news. But there are two companies feeling pretty confident, in different ways, about their post-pandemic futures. Starbucks is banking on customers returning to cafes. The Seattle-based company plans on opening 22,000 new stores in the next ten years. Disney, on the other hand, is riding high on the number of subscribers to the Disney+ streaming platform, with stock prices growing 13% early this morning. So, which will it be? With a vaccine available to the masses soon, will folks continue to binge watch The Mandalorian at home, or will they be itching to get back to their Pumpkin Spice lattes? 5G Technology Marches Ahead and Micron Profits Dear Readers,
The stock of American memory chip producer Micron has risen by about 4Ã% in the last four weeks. Why is this? 5G is taking off! It's true that the Corona crises hit the manufacturer hard, but investors are now looking ahead to 2021.
That's when Micron is set to profit from ultrafast 5G technology becoming the standard for mobile networks. Micron expects 500 million 5G smartphones will be sold in the coming year, compared to 200 million this year.
There are several reasons for this growth. For one, Apple will begin selling its 5G iPhone12. For another, old networks will begin to be deactivated in 2021. Deutsche Telekom plans to begin cutting back its 3G network in mid-2021. Many customers will jump directly from 3G to 5G.
5G's ultrafast transmission speed and new data volume mean rising demand for memory capacity, and this is where Micron's memory chips come in.
Analysts expect Micron's revenue could rise to 30 billion USD within two years, doubling profit per stock to a good $6. Before we examine Micron's stock, let's take a quick look at the company itself.
A Portrait of Micron
Micron was founded in 1978 and is headquartered in Boise, Idaho. Its full name is Micron Technology, Inc., and it is a global manufacturer and distributer of semiconductor elements for technology production.
These include NAND, DRAM, and NOR memory as well as other types of memory technology, packaging solutions, and semiconductor systems for use in computing, networking, automotive, and industry products.
They also produce semiconductor elements for CMOS image sensors and other semiconductor products. These items are marketed internally and through independent sales representatives and distributors to Original Equipment Manufacturers (OEMs) and retailers worldwide.
Micron's 10-year chart
A glance at the 10-year chart shows that Micron stock has recently reached its highest point in years. The way should be clear for further price gains. ([Source]( Things are also looking good from a technical analysis perspective, and as you can see from the most recent figures and estimates, the fundamental perspective is promising as well. Operations are running successfully and 5G is a good sign for the future. Readers taking part in my trading service "Morriens Power-Depot" are already significantly in the black with Micron stock and can look forward to further profits. Sincerely, Dr. Gregor Bauer Leveraged trading in foreign currency or off-exchange products on margin carries significant risk and may not be suitable for all investors. We advise you to carefully consider whether trading is appropriate for you based on your personal circumstances. You may lose more than you invest. We recommend that you seek independent advice and ensure you fully understand the risks involved before trading. The information on this website is intended as educational in nature and we do not recommend that you buy or sell any specific financial instrument. Â Â Daily Profit Publishing , 1800 Hughes Landing Blvd. Ste. 200, The Woodlands, TX 77380, United States [Update your subscription]( â [Unsubscribe](