Amkor Technology (AMKR) saw its shares surge in the last session with trading volume being higher than average. The latest trend in earnings estimate revisions may not translate into further price increase in the near term.
Overall, it’s certainly great for investors that we’ve entered the phase of the bull market in which nearly everyone is becoming much more upbeat about stocks. After all, it’s obviously much easier to make money now in the market than it was last year and many times easier than was the case in 2022. At the same time, however, it’s also becoming much easier to get enticed into buying stocks with poor fundamentals that are nevertheless rallying due to investors increased optimism. Of course, those
Cirrus Logic (CRUS) reported earnings 30 days ago. What's next for the stock? We take a look at earnings estimates for some clues.