Micron: Buy Before Earnings, Tremendous Opportunity Ahead (Ratings Upgrade)
I added to my Micron position as the stock recently broke below $100, and I am upgrading my rating to a strong buy ahead of earnings.Micron Technology will report FQ4 results on Wednesday, September 25.Read-through from companies like Western Digital and Best Buy suggest strong memory market fundamentals, as well as healthy end-customer demand for phones and computers.MU stock trades at a 10x forward P/E multiple, making it a value buy compared to the S&P 500's ~20x multiple. vzphotos Micron To Report Q4 Earnings After the Fed rate cut and the sharp rally in the stock markets, many investors are thinking the same thing: are there any opportunities left to buy stocks without paying premium multiples?
Replying to @koolgal:good strategy//@koolgal:🌟🌟🌟The recent rate cut of 0.5% by the Feds has resulted in a sizzling hot market. The market monitor in my Tiger App has been working overtime with many of my stocks and ETFs hitting 52 week high. My strategy is simple - Buy and Hold Index ETFs and Quality stocks long term and allow the magic of compounding to unfold. A good example is my ETF $SPDR Portfolio S&P 1500 Composite Stock Market ETF(SPTM)$ which tracks the best US Large Cap, Mid Cap and Small Cap stocks in just 1 trade. It is currently up 33%! I believe that the stock market is the Best place t