GoKawiilMicron shares fall after earnings despite strong quarter, Cramer keeps bullish stance
Micron reported quarterly results that Jim Cramer called a 'great quarter,' but the stock dropped anyway amid concerns over its gross margin outlook and increased capital spending plans. Cramer noted Micron now has 26 strategic customer agreements, up from 16 last quarter, giving it better visibility into future demand, and he remains positive on the company's long-term outlook despite near-term stock weakness.
GoKawiil's interpretation of the reporting above, not reported fact.
The divergence between strong earnings and a falling stock price suggests investors may be weighing near-term supply and margin risks more heavily than long-term demand signals. Cramer's comments imply that broader market pressures, like rising Treasury yields, could be overshadowing company-specific good news across equities generally.
- Micron's stock fell despite what Cramer described as strong quarterly results.
- Micron's strategic customer agreements nearly doubled quarter-over-quarter, from 16 to 26.
- Rising 10-year Treasury yields, now above 5.3%, are adding broad pressure on stocks including Micron.
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Published there as: “Micron drops despite 'a great quarter.' Why Cramer is sticking with the stock”
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