Diamonds and Dogs
The chips keep rising. It's been a good couple of months for the semiconductor stocks as demand and pricing improves. Case in point, Micron Tech (MU) the volatile DRAM chip maker is up 2% today on an upgrade from Stifel with an $18 price target. Micron's stock is up 70% from the May lows. I think the Stifel analyst is a little late.
Even the casinos are losing money. The gaming and casino entertainment company, Caesars Entertainment (CZR) is plunging 17% after dropping as much as 28% on news a Chicago bankruptcy judge ruled the company must face bondholders' lawsuits. The lawsuits are the last big obstacle left in getting Caesars' parent company, Caesars Entertainment Operating Co. (CEOC), out of bankruptcy. The winners in this decision, private equity and a number of billionaire investors like David Tepper. The rich get richer.