Based upon the fundamentals, MU is looking pretty strong. The last four quarters have shown really strong earnings increases. The revenues for those four quarters have been close to doubling.
Quite frankly, they are having an excellent year from a fundamental perspective.
Mr. Market has been getting out of the wrong side of the bed lately! Good equals bad and bad equals good.
Applied Materials beat earnings and revenue expectations. And….. it is getting flogged! It also depends if you are looking at GAAP or manufactured earnings (non-GAAP) numbers.
