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These stocks have the right stuff

Micron Technology

After being a top ranked stock for months in the new screening tool, Micron Technology (MU) fell in the ranks in January due to stock weakness towards the end of 2017. However, the stock has stabilized into a natural trading range, and as such its technical have improved, and combined with a solid 83 fundamental ranking, MU currently gets an overall ranking of 89 from InvestorsObserver’s Stock Score Report. Chip makers were hot in 2017, and MU enjoyed strong gains before some profit taking pushed stocks lower at the tail end of the year. MU’s valuation remains attractive, with a P/E of 6.6, and earnings forecast to rise by 27.2% per annum over the next five years. The low valuation and high growth estimates make MU very attractive. The stock is trading at $42.52, and analysts have an average price target of $56.15.

Click here to see a full copy of the report.

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Michael Fowlkes

Michael Fowlkes is a financial writer who has been with the Fresh Brewed Media family since 2004. Over the course of his tenure with Fresh Brewed Media, he has worn many hats, including portfolio manager, options analyst, and writer. Michael received his undergraduate degree from Virginia Tech in Accounting and got his start in finance working as a stock trader for six years at Chase Investment Counsel in Charlottesville, Va.