Micron Technology, Inc. (NASDAQ:MU) is Strong Long Term
Our Focus List is comprised of stocks that have correlations to the broader market that should be respected, and the current read of our Focus List shows us that there are only 4 stocks considered to be strong on a longer term basis.
Micron Technology, Inc. (NASDAQ:MU) is also considered to be strong.
MU is considered strong and given our Sentiment Table, which is derived based on price action and the technicals, this is important, but fundamentally there is a material improvement in earnings taking place and that is expected to continue. In fact, based on earnings expectations, the PE multiple for MU is expected to plummet to near 6x earnings going forward, but the growth rate is expected to be solid, near 20%, making MU look like a good value so long as it meets analysts estimates.