Got $2,000? Here's Why This Trillion-Dollar Memory Giant Is a Screaming Buy Before June 24.
Micron's stock still looks cheap on a forward earnings basis.
Overview
Few stocks have been as exciting to invest in as Micron Technology (NASDAQ: MU) has over the past few months. Sky-high demand for memory chips has driven Micron's revenue and earnings to swell, resulting in unprecedented business growth. On June 24, investors will get another update on the strength of the business, and the odds are good that Micron will report even greater demand for memory chips than before.
I think Micron's stock could be a great one to scoop up before it reports earnings on June 24, as there's one metric that still makes it look cheap.
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Originally published at www.fool.com.
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Disclaimer: This article is for informational purposes only and does not constitute investment advice. Data may be delayed up to 15 minutes. Past performance is not indicative of future results. Consult a licensed financial advisor before making investment decisions.