koolgal
08-06 17:43
🌟🌟🌟What just happened with $SanDisk Corp.(SNDK)$ after hours meltdown?  SanDisk guided its next quarter revenue midpoint to USD 10.55 billion, slightly missing Wall Street's high expectation of USD 10.82 billion.

SanDisk sank 7% in after hours trading, compounding an earlier session drop to trade near USD 1255.  This is way down from its USD 2,354 June high.

Investors dumped the stock in a panic, treating a tiny revenue guidance miss like a total collapse.

However this is definitely not the death of storage super cycle.  Demand for Enterprise SSDs is still outpacing global manufacturing capacity.

SanDisk's revenue skyrocketed 372% year over year with gross margins of 84.6%.

SanDisk is an amazing stock with zero debt and is flushed with freshly authorised USD 6 billion buyback program.

SanDisk's data engine is roaring.  Its pricing power remains strong.  This dip is a gift to smart investors.

@Tiger_comments @TigerStars @Tiger_SG @TBlive

The boss asked me to issue coins
Hello everyone! Today is the eve of the "US Stock Earnings Week War", and it is also the first day of this tiger! To be honest, the boss stuffed a pocket of tiger coins as soon as he entered the office, and gave a death order: "If you can't finish it in a month, don't think about getting off work!" In order to get off work early and eat hot pot, I will hold fresh topics here every day and wait for everyone. As long as you dare to talk, I dare to send it! Look directly at today's hot discussion πŸ‘‡ πŸ”₯ The Nasdaq 100 fell 1.1%. Should the Fed FOMC + Big Four be safe from earnings week?
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

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