JHVEPhoto/iStock Editorial via Getty ImagesDownload this episode on Apple Podcasts/Spotify or listen below:TranscriptRena Sherbill: Welcome back, everybody, today I am happy to have on Steve Cress, as I'm sure you are all happy to hear from him.The market is about to close. Micron (MU) is about to report.It's a company that Steve has talked about. It's been an Alpha Pick for quite some time, as we discuss on YouTube's very own Wall Street Breakfast with Steve Cress.Steve, what are you looking at when you're looking at earnings?Steve Cress: Well, first thanks for having me today. Appreciate it.And absolutely Micron is amongst one of the largest stocks that investors are focusing on. And today they report results, should be roughly within an hour. It's almost 3:30 Eastern Standard Time and just outside of New York. So Micron will be reporting shortly.We have a really great tool at Seeking Alpha, an earnings calendar. And you simply find that by if you're on the main dashboard, you go to the market data page. And then within market data, you can click on earnings calendar. We have a bunch of other tables that are under market data from sectors, heat maps, growth versus value, market cap, commodities, bonds.But one of the key ones is the earnings calendar. And you can bring it up by a monthly view or weekly view. And as you can see today, Wednesday, September 30th, Micron is reporting and if you scroll down below, you'll see there's Micron, Jabil (JBL), FactSet Research (FDS), Conagra (CAG).But we're most interested in Micron because that is a big name. It is a quant name. We've had a strong buy on it for a long time. And the market is expecting good things out of it.Fortunately, Micron had a really good beat last time on both a normalized and GAAP basis. There were eight beats and zero misses. So for the upcoming quarter on a normalized EPS basis, we're looking for $31.82. That's consensus. And consensus gap is $31.94. Literally a thousand percent growth.In the last 90 days coming into this quarter, 12 analysts revised their estimates up, and two revised it down. For the full year, for the fiscal year, 13 analysts revised their estimates up. And only one revised it down. That's a C plus grade. So you would think 13 up one down is better than a C plus. It actually shows you what the sector median is. So 86% are analysts are expecting that the sector has good beats.Where you can see for Micron, it's 92%. So that number is higher by about 7.84%. So that to me is pretty positive. Overall, that's only beause there are other companies where you have 20 analysts that have revised their estimates up and zero have revised it down.But 13 to 1 is still really good in my book. Annual EPS estimates for August 2026 and August 2027, as well as revenue. And you could just take a look at the quarters too and look how many times they've beaten. They've beaten every time since the third quarter of 2023. So their business is just doing fantastic.You can see how much of every time the beat gets a little bit better. And recently it's just been blown out of the water. I mean third quarter a year ago they came in at 32 cents. Then you could see if you look at the second quarter from a year ago, it came in at $1.56. The beat was by 14 cents.So looking at the second quarter of this year, it went from a dollar fifty-six to twelve dollars and twenty cents. So this is just extreme in terms of how fast their EPS it's growing.So what would I expect today? Well, let's go to our stock page. And you can see we have the quant with a strong buy. You can see all the key investment characteristics that we look at, valuation growth, profitability and momentum, all A pluses.The only one that's a little bit lower is the analyst revisions. But as I said, that's 13 up, one down. I'll take that any day. The stock still looks really great from a fundamental perspective. I will say it is still significantly off its 52-week high.So currently trading at $1,069. We could see that back in June, the stock was trading at around it looks like it's closer to about twelve hundred dollars. So that 52 week range is very wide at a low 165 and a high of 1255.So it's still closer to the high side, but still significantly off its June highs. And for all intents and purposes, they're gonna have another quarter of record revenue and record earnings.Rena Sherbill: Care to weigh in on what you imagine the market to look like after hours and then or maybe you know, pre-market and then maybe at open tomorrow. Just kind of your sense of like what the how the sector may move in conjunction with Micron.Again, nobody has a crystal ball, even you, but based on your rich history in the markets.Steve Cress: What we're looking at right now is we can see crude oil is up a little bit. And if we're really just looking one day out, Micron (MU) reports today, they could have record revenue and record earnings, and it's quite possible the stock can still come down.Case in point when NVIDIA (NVDA) reported they had record revenue, record earnings, beat expectations, and the stock still came down that day.So we're clearly in a market where sentiment gets a heavier weight than fundamentals and if sentiment is negative or anxiety is high, even on a day because of perhaps geopolitical events or movements in interest rates, the 10-year treasury or the 30-year treasury or economic data points that can come out.All of it could impact and there'll probably be economic data points tomorrow that could impact the market.But right now we're looking at gold a little bit higher.And if we look at treasuries, we could see the 10-year treasury is a little bit higher too. So the market may not feel comfortable with that going into tomorrow.It will look to Micron Technology to see what earnings are like.My guess is with the 10-year treasury up a little bit now, and with Brent up 2% now, the market is actually up slightly on the day.But what I'd like to do is actually show you the market data. And if we jump into sectors. So I've moved from the earnings calendar to sectors, and I'm just going to look at today and sort of by today's performance. You can actually see technology is the best performing sector with communication services right behind it.Then the underperformers are consumer staples and healthcare, which traditionally are really safe haven sectors.So the safe haven sectors aren't trading well today. A little bit more focused on the risk-on sectors. With having said that, within the risk-on sectors, it could be a little bit granular.So, what I'm to do is look at themes and subsectors. And I'm going to go down to technology so I could see how technology is playing out today. So, overall, technology is the best performing sector. And within it, we see cybersecurity and semiconductors are outperforming within technology. The underperformers are blockchain, smartphones, and social media. Now that's just on the day.So I'd say the market is fairly positive right now on the semiconductors. So perhaps if we do have a good number and we don't have an economic data point tomorrow that scares everybody, we could be in good shape if Micron beats today.And going into the closing hours with less than a half hour to go, we can see Micron's up slightly. I think most people are expecting a beat. So it's gonna have to be a pretty good beat, I think, in order to move the needle.