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Techs (XLK -1.7%) are pulled broadly lower by last night's earnings announcements (I, II) from...

Techs (XLK -1.7%) are pulled broadly lower by last night's earnings announcements (I, II) from Oracle (ORCL -4.1%) and Micron (MU -13.3%), but analysts generally seem to remain optimistic on both. Underperformance in Oracle's hardware is not a big concern as long as software licenses stay strong, and Micron's DRAM weakness is just a hiccup.
Comments (1)
  • "Analysts remain optimistic"

     

    ...Noooooooo, really? Don't they have "Sell" recommendations on more than 50% of the stocks out there? Oh... wait...
    24 Jun 2011, 03:47 PM Reply Like
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