Occidental Petroleum Corp. (OXY US)
- Shares closed higher above the 20dEMA with a surge in volume. 5dEMA is about to cross the 20dEMA.
- MACD is about to turn positive, RSI is constructive.
- Long – Entry 65.0, Target 69.0, Stop 63.0
Exxon Mobil Corp. (XOM US)
- Shares closed at an all time high with a surge in volume.
- MACD is about to turn positive, RSI is turning constructive.
- Long – Entry 119, Target 125, Stop 116
AEM Holdings Ltd. (AEM SP)
- Shares closed above the 20dEMA. 5dEMA is about to cross the 20dEMA.
- MACD just turned positive, RSI is constructive.
- Long – Entry 3.40, Target 3.60, Stop 3.30
Frencken Group Ltd. (FRKN SP)
- Shares closed at the 5dEMA. 50dEMA is about to cross the 200dEMA.
- MACD is negative, RSI is constructive.
- Long – Entry 1.07 Target 1.15 Stop 1.03
Wuxi Biologics Cayman Inc (2269 HK)
- Shares closed above the 5dEMA with an increase in volume. The 20dEMA crossed the 50dEMA.
- RSI is constructive and MACD turned positive.
- Long – Entry 43.50, Target 47.00, Stop 41.75
Innovent Biologics Inc (1801 HK)
- Shares closed at a 4-month high above the 5dEMA with a rise in volume. The 50dEMA is about to cross the 200dEMA.
- RSI is constructive and MACD just turned positive.
- Long – Entry 39.0, Target 42.0, Stop 37.5
Micron Technologies, Inc. (MU)
- 4Q23 Revenue: $4.01B, -39.6% YoY, beat estimates by $80M
- 4Q23 GAAP EPS: -$1.07, beat estimates by $0.11
- 1Q24 Guidance: Revenue $4.40 billion ± $200 million vs. consensus of $4.21B, Gross margin (4.0%) ± 2.0%, EPS ($1.07) ± $0.07 vs. consensus of -$0.92.
- Comment: The company forecasted a wider-than-expected 1Q24 loss. Consumers have cut down on their consumption of personal computers and smartphones, resulting in the company needing to cope with lacklustre demand and stockpiles of excess parts. However, the management mentions that the company has taken decisive actions on supply and cost, which will help the company as they expect the market for memory chips to recover in 2024 and reach record levels in 2025. The company is also preparing to ramp up production of new product lines and is also working to become a supplier to Nvidia. 1Q24 recommended trading range: $60 to $70. Neutral Outlook.
- 23财年第四季营收：40.1亿美元, 同比跌幅39.6%，超预期8,000万美元