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MU Earnings & CBRS Margin Panic: Tech Bounce or AI Trap?
Season 4
Episode 56
Published 2 weeks, 2 days ago
Description
Here is the trade setup for the Wednesday open.
🚀 MU (Micron): Crucial Q3 earnings test tonight. Bull level: $1,200 | Bear level: $1,038.
📉 CBRS (Cerebras): Tumbling 11.3% on gross margin warning. 📦 FDX (FedEx): Sliding 7.0% on weak packaging demand.
🎮 GME (GameStop): Hostile eBay bid focus.
💻 IBM: Counter-trend surge with $291 target.
🍿 AMC: Falling 26% on dilutive stock offering.
Key Levels: 📊 S&P 500 Futures (/ES) Support: 7,345–7,378 | Resistance: 7,480–7,500. 📊 Nasdaq Futures (/NQ) Support: 29,330–29,350 | Resistance: 29,800–29,837.
Content is for informational and educational purposes only. Market data may be subject to platform delays. This is not financial advice.