micron filed to get. years ago, they failed to get them. it is doing better than micron right now. that is there a suggestion they are flooding the market to hurt micronian: samsung basically accelerates production to make it more difficult -- i don't know if it's the case, but there's a gap in people's minds between the alegria production samsung has, it's cost -- is there a sense that they have a handle on the problem? ian: this is the issue. they were talking about how quickly they are going to improve. they also basically admitted that they missed the boat on one particular technology transition. you pick your poison. cory: which transition you are talking about here? ian: 3-d nine flash. it is in your phone and basically acts like a hard disk use do in a computer, transition to 3-d non flash, more advanced production more capable of storing more bits. cory: more capacity or more different? ian: there are production limits to what were happening, so they've had to move to this so-called 3-d non flash technology. cory: how does it work? reporter: it's about how many electrons you can trap, cory, as you know. flat production, where you are making it

micron, micron in the same -- not really exactly the same business but micron has been ticking higher seems like people to his point is under positioned in the space because the rest of the space slaughtered. >> at this point, do you stick with the stocks that made those runs? >> i'll tell ya, broadcom is a big stock. that's probably one you stick with. i'll extrapolate it to a customer, cisco on the desk. they put up on okay quarter and the ceo does a lot. that's also a cheap stock trading 12 times earnings and massive balance sheet there. to me that looks poi s poised tk out above 30. that's where you go rather than -- >> cisco. >> cisco. >>> donald trump heading to silicon valley to woo some of the biggest names in tech but did his plan backfire? details later this hour plus opec refusing to budge but one top oil analysts says no news is good news right now. she'll explain right after the break. ant the latest products and services, but they demand the best shopping experiences. they're your customers. and by blending physical with digital, cognizant is helping 8 of the 10 largest

jim, asking today, how do you think micron technology is going to do? >> i can't think micronill part of a big dead cat bounce. i prefer nvidia and in that segment i like lamb research. thank you. let's go to mike in illinois. mike. >> caller: boo-yah from chicago. home of the cubs. >> i hate your cubs. go ahead. i'm sorry. last time was such a big defeat g ahead. >> caller: yeah, you made a great call this season about baxter. it was acquired last week for part cash. part stock by baxaltis. >> it's done and congratulations if you did it. baxaltis. is it a buy. she said i think it's a buy, buy, buy. well, that's how -- got to think of it. that's not how it got one. to brett in maryland. brett. >> caller: and, jim, i want to get your thoughts on keyw. appointed a new cnbc and sold off their commercial products and the stock had recently significant gains. >> 50% worried about cybersecurity starts after palo alto can't maintain altitude. let me look at this individual but the group concerned me ever since palo alto and cyberarc which is mixed money has been going down despite th

micron, reported latest quarter and the chips are down. i couldn't resist that terrible pun. 25% decline in sales in the quarter for micron. they have had to lower prices to trigger demand. they make flash memory. we're talking about the trend of declining pc sales. micronling. shares are off nine, 10% here in the extended session. back to you. melissa: lori rothman, thank you so much for that. david? david: there are a lot of questions about who would be better business-friendly in the coming election, donald trump or hillary clinton? of course donald trump is a businessman. hillary clinton has been a lifelong public servant as she considers herself. you would assume it would be donald trump but a lot of business people are going with hillary clinton. the question is, will that continue? here is governor mike huckabee. former governor of arkansas, former presidential candidate. he is also a fox news contributor. mike, i think the biggest issue is the one donald trump and hillary clinton are focusing on this week which we just touched on which is trade. a lot of foreign, a lot of business people here in the united states depend on their foreign sales for revenue. they are concernedded that donald trump would one way or another dry up some of that revenu

micron much higher earnings. hence it wreptd up to $18. and instead of expecting a two cent gain in the quarter, they believe that micron can earn five cents. wow, that would be something for a stock that peaked at 36 bucks, 18 months ago. and could be one of the best performing stocks in the s&p 500 the year before. i love the position on the upgrade and they're recommending a buying of the highest growth company and you have to broad com, nvidia and the battered down names like micronnsider fellow traveler western digital. earlier this year they bought sandisk. the maker of flash chips for $16 billion and the deal that many thought at the time was the severe overpay. looks like that's not the case. you can't possibly think about that now. with the tightening of the flash market. especially because western digital's disk drive business has been -- as ever. they're expected to earn five bucks a share. but they didn't believe that $5 was truly doable. if it is look out above. $50 stock could see 60 bucks as it did rally today. this semiconductor and related companies that have been winning huge of late, notably land research on the equipment side, broad com and nvidia are proprietary in nature. meaning they don't need a strong economy or a turn in the personal computer cycle to rally. and that's not the case with micron or western digital. both stocks have been moving up as of late. so these upgrades aren't exactly at the forefront of the turn. that said though micron

micron shares up 9% on a very bullish upgrade. there could be 30% upside potential for the shares of micron. stock that has done a big reversal on the day, netflix. higher by 1%. a broadband report shows amazon has been gaining ground. ilx's share of internet traffic dropped 2%. amazon is small, but this is rising usage and a could be causing jitters. when we look at a two-year chart of netflix, we see lots of volatility. most recently we do have the stock trapping below buying support on concerns, perhaps around these internet reports. also, the company's upcoming reports in the july quarter, a will be interesting to see whether buyers can push the stock back up. if not, there could be downside ahead for shares of netflix despite today's's strength. vonnie: thanks. president obama to deliver a statement on today's ruling on immigration from the supreme court. that statement is scheduled for 11:45 eastern. the supreme court coming to a 4-4 indecision, saying the president's deferred action on immigration is basically not going to go ahead. the lower court's ruling stands. let's go back to th

micron jumping 10% after susquehanna -- this is all it took? susquehanna raised its rating from neutral to positive. as of right now, microns one of the biggest movers in the s&p 500 right now, today. >>> to the british exit vote, team fox business coverage. the best experts on this. charlie gasparino on the ground in london, and adam shapiro has e.u. reaction in berlin where europeans are anxiously awaiting the outcome. what are we looking at here? who will brave the rain? and when i say rain, i mean a lot of it. a month's worth of wet in just a matter of hours as british voters slog their way to the polls on this big decision day. flash flood warnings were issued in parts of southeast london as well as essex. look at this radar right now, the heavy green is heavy rain. by the way, we should tell you that fire services have taken some 550 emergency calls as a result of the downpours, and to make matters worse, the weekend-long glassen bury music festival has kicked off. musicians from coldmakers adele, cyndi lauper and art garfunkel expected to perform. concertgoers, well, they're used to mud and jumping and wearing tie d

micron shares are sharply higher in the premarket on a elysian upgrade -- bullish upgrade. to $18raised his target per share. micronthan 40%. mark: stocks in new york rising for the fed can second day. sincengest winning streak may. 663 billion euros. every single stock market industry group is rising. we have a slowdown in eurozone manufacturing and service is to the lowest level since january last year. news in greece today the ecb reinstating the waiver on greek debt allowing the banks more access to cheap refinancing. the move should provide a significant improvement in economic sentiment. this is the gauge of greek banks. since november 2007. look at it down by 99.93%. that's 81 billion euros of value disappearing. on the back of the news from the ecb on the greek waiver we have yields on the 10 year declining today. in 2012 the 10 year yield was 37%. yield wase two year 259%. good news for greece. breaking news at the top of macy's. there has been a succession planning put in effect over at macy's. todd lundgren will remain as chair but give up the ceo title to the president. this was part of the board's plan