Winning Stock Forecast: Western Digital Rises 24% in 7 Days

Winning Stock Forecast: Western Digital Rises 24% in 7 Days
(Source: Wikimedia Commons)

WDC Turns Potential Disaster Turned Into Stock Price Victory

Western Digital Corporation (WDC) rose 24% over the 7-day period from June 23rd to July 1st to close out Monday at $49.65. The rise could have grown even greater as WDC started the trading day at $50.41. The giant leap is WDC’s best weekly performance in the public market since July of 2012. The San Jose, California-based company conducts its work in a business-to-business (B2B) manner by developing, manufacturing, and selling data storage and data center devices and solutions.

Week #26, 2019: Earnings Calendar

MU Stock Prediction: Going Long With Micron

I Know First Research Team LogoThis article was written by the I Know First Research Team.

Summary:

  • Cautious buy rating for short to medium term but bullish in the long run
  • Oversupply of chips is still in recovery, declining prices are not alarming
  • Trade war and Ban on Huawei is unlikely to last for long
  • Unlikely that China’s local DRAM chip, Changxin Memory Technologies, will replace Micron

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Micron Stock Forecast: Why Micron Is Still A Worthy Investment

motek 1The article was written by Motek Moyen Research Seeking Alpha’s #1 Writer on Long Ideas and #2 in Technology – Senior Analyst at I Know First.

Summary:

  • With stronger factory production available, average selling prices of DRAM and NAND flash is down this year.
  • On the other hand, the increasing default RAM and flash storage of new smartphones and computers is still a strong tailwind for Micron.
  • More RAM and flash storage are needed because smartphones now can play PC-level video games. Smartphones are now also decent HD video camcorders.
  • The higher margins possible on 8GB/12GB RAM modules helps offset the lower spot prices of RAM.
  • Micron is an industry leader in DRAM and NAND storage products. Sadly, it is still being undervalued compared to its semiconductor industry peers.

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MU Stock Forecast Performance: 25.44% in 1 Month

MU Stock Performance: 25.44% in 1 Month

MU Stock Forecast For 2019

This article was written by Vladimir Mazepa, a Financial Analyst at I Know First.

 

Micron Technology (NASDAQ: MU) is one of the biggest and most important manufacturers of memory chips for computers. Micron has two main products - NAND chips allowing long-term storage (MP3 players, digital cameras and USB flash drives use NAND technology) and DRAM chips are used for operating memory needs where the memory cells go blank every time you turn the machine off.

My MU stock forecast - is a strong buy. Micron has strong fundamentals and is oversold now. It's a perfect time to buy it with a huge discount!

Why are we bullish in our MU stock forecast? Here is a quick summary:

  • Huge market from smartphones and solid-state storage devices or simply SSD and cloud data centers, artificial intelligence workloads and chips, which are connected in devices and self-driving cars provide huge possibilities for Micron growth and spread.
  • Micron holds and is one of the largest suppliers in DRAM and NAND chips
  • Micron is totally oversold due to investors putting too much emphasis on a trade war with China and markets downturn.
  • Micron is very attractively priced at the moment. It now trades at only 2.65x P/E and 1.05x P/B, Debt to Equity = 0.11. According to the DCF model, the company is quite undervalued and gives you an opportunity to buy it with more than 60% discount.

Micron Stock Analysis: Micron Has A Tailwind From Growing Mobile DRAM Revenue

motek 1The article was written by Motek Moyen Research Seeking Alpha’s #1 Writer on Long Ideas and #2 in Technology – Senior Analyst at I Know First.

Summary:

  • Ignore the noise/anxiety over China’s threat to file anti-trust charges against DRAM leaders like Micron. It is just China making retaliatory threats against Trump’s trade war words.
  • Better focus on the fact that mobile DRAM sales continue to surge. Growing mobile DRAM demand can offset declining prices of PC DRAM products.
  • Apple’s choice of Micron DRAM for its latest iPhones is a solid tailwind for Micron. Apple’s track record showed it can sell more than 50 million new iPhones per year.
  • Micron’s mass production of 10-nm 12GB LPDDR4X mobile DRAM should keep Apple as a customer for a long time.
  • MU has obvious notable upside potential because its valuation is way below than that of its peers in the semiconductor industry.

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MU Stock Predictions: Accelerating AI Drives Demand for Flash Memory

MU Stock Predictions

This article was written by Graham Ellinson, a Financial Analyst at I Know First.

Source: Shutterstock

Summary

  • Micron has taken a hit in recent months following ruling blocking sales in China
  • As the U.S. – China trade war continues Micron could be considered one of the victims
  • Remain patient with Micron as NAND flash storage is set for an upward shift as AI is accelerating
  • Prices set to remain stable with DRAM products owing to small number of competitors


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