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Today we are watching…
1. Signet Jewelers (#signet)
US jewelry retailer, Signet, is on the earnings chopping block today and analysts are on the fence about its chances at an earnings beat. Despite its updatedย range of merchandise and digital marketing strategy, the company struggled to generate strong sales over the holiday season. For this quarter, earnings are expected to decline as a result of weaker demand in its international segment, but its latest cost-cutting and inventory management strategy looks to be a promising adjustment for 2019. All in all, a slightly murky picture today, but worth keeping an eye on.ย
2. Micron Technology (#mu)
Micron Technology has been on a considerable hot streak since the start of 2019 and may be poised for more gains after receiving an upgraded profit target of $49. The company was one of the hardest hit by the October sell-off and trade war fall-out, but has risen almost 40% since the start of 2019. The general consensus is that the stock is undervalued relative to the wider semiconductor market and may unlock some more of its potential in 2019. Micron is currently trading around 45% below its 52 week high, so make sure you have it in your watchlist!ย