Key Takeaways
- Micron Technology (MU) significantly raised its fourth-quarter fiscal 2025 revenue and EPS guidance, surpassing previous estimates due to strong DRAM pricing.
- Former U.S. President Donald Trump reiterated his stance that tariffs are making the U.S. "Strong and Rich," claiming they positively impact the stock market and government coffers.
- Mexico's industrial production in May showed a monthly decline of -0.4%, though manufacturing production recorded a year-over-year increase of 0.7%.
Micron Technology Raises Q4 Guidance on Strong DRAM Performance
Micron Technology (MU) has announced a substantial upward revision to its financial outlook for the fourth quarter of fiscal 2025, signaling robust performance driven by favorable market conditions. The memory chip giant now anticipates adjusted revenue to be between $11.1 billion and $11.3 billion, a notable increase from its prior forecast of $10.4 billion to $11 billion.
The company also elevated its adjusted earnings per share (EPS) guidance to a range of $2.78 to $2.92, up from the previous projection of $2.35 to $2.65. This improved outlook is primarily attributed to better pricing, particularly within the DRAM segment, and strong operational execution. The positive revision suggests a strengthening demand environment for memory and storage solutions.
Trump Reaffirms Support for Tariffs, Citing Economic Benefits
Former U.S. President Donald Trump has once again voiced strong support for his tariff policies, asserting that they are instrumental in bolstering the nation's economic standing. In a recent statement, Trump declared, "Tariffs are making our Country Strong and Rich!!!"
He further elaborated that tariffs are having a "huge positive impact on the Stock Market," leading to new records almost daily, and contributing "Hundreds of Billions of Dollars" to the country's coffers. These comments underscore his consistent advocacy for protectionist trade measures as a means to enhance domestic wealth and influence.
Mexico's Industrial Production Shows Mixed Results in May
Economic data for Mexico's industrial sector in May presented a mixed picture, with a monthly contraction alongside a modest gain in manufacturing. Seasonally adjusted industrial production for May registered a decline of -0.4% month-over-month, falling short of the estimated 0.2% increase and following a previous contraction of -0.8%.
On a non-seasonally adjusted year-over-year basis, industrial production also saw a slight dip of -0.1%, contrary to expectations of a 0.3% rise. However, manufacturing production, also non-seasonally adjusted year-over-year, showed a positive trend, expanding by 0.7%, surpassing the estimated 0.2% growth. The data indicates ongoing challenges in Mexico's broader industrial sector, even as its manufacturing segment demonstrates some resilience.
Ed Liston is a senior contributing editor at TheStockMarketWatch.com. An active market watcher and investor, Ed guides an independent team of experienced analysts and writes for multiple stock trader publications.