Elazar was launched in 2004 by Chaim Siegel and has served famous hedge fund clientele who demand a keen understanding of drivers of individual companies and financial markets. Chaim twice worked for renowned trader Steve Cohen of then-SAC Capital (now Point72). He was also a partner at JLF Asset Management which was funded by George Soros. Previously he was one of seven analysts on a $13B mutual fund at Morgan Stanley Asset Management. Elazar Advisors publishes its research into the Reuters/Refinitiv Institutional Platform and Factset where Elazar's earnings estimates are factored into the Street earnings numbers.  Elazar's research is used regularly by fundamental and algorithmic traders and investors at some of the largest mutual fund and hedge fund managers in the world. Chaim has been a 5-Star top ranked analyst in Tesla and other big cap tech companies. Try us with a  free trial here . All investments have many risks and can lose principal in the short and l

China Trade War Strikes Micron

We said a week ago on Monday to reduce China exposed tech stocks. Micron (NASDAQ:MU) is potentially the latest impacted by the US-China trade war.

News hit that they may lose their China business based on a patent lawsuit. China makes up 50% of Micron's business and, if true, looks like a trade war incited decision.

Competitor to Micron UMC claimed today that Micron will no longer be able to sell multiple DRAM and NAND products in China. Micron denied they were served such an injunction.

China Blows Back

Since the US administration upped the tariff ante to $200B China didn't answer directly. They did answer quietly in other ways when accepting Iran oil against President Trump's calls. They may have also let their Yuan drop even though they said they planned not to.

This Micron move, if UMC's statement is correct would be a direct blow back at the US hurting a key US semiconductor company.

China Front Runs Trump's Export Restrictions

If the Micron ban is true China would have front ran Trump's attempt to move legislation to restrict exports to China.  Micron could have been one of the companies at risk to have intellectual property stolen.  If this move is true, China would have accomplished the export ban first.

Hurts Tech

If true it shows how difficult a trade war with China can be given the potential dislocation of the supply chain.  Companies would have to find new suppliers and purchasers. It can disrupt costs and earnings for multiple quarters.

Drag Tech Stocks

If Micron confirms this news it will be negative for many other tech stocks with China exposure and specifically semiconductor companies.


We'd guess a decision in China's courts against Micron, if true, would have been trade war related. If so we could have a taste of what's to come. If true it would slice revenues from Micron and potentially other companies. Our call last Monday to reduce China exposed stocks helps avoid situations like this. Micron is down 5.5% on the news and if the news proves true we'd guess it and other tech stocks will be down further.


All investments have many risks and can lose principal in the short and long term. The information provided is for information purposes only and can be wrong. By reading this you agree, understand and accept that you take upon yourself all responsibility for all of your investment decisions and to do your own work and hold Elazar Advisors, LLC, and their related parties harmless.

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