Micron Technology (MU)

[JLS]

Micron 'Looks Like A Steal'

Investor's Business Daily:
http://tinyurl.com/ydapyvkv

Meanwhile, memory-chip maker Micron Technology (MU) stock at under $50 "looks like a steal," Muse said. Micron shares fell 1% to 47.96 on Monday.

Muse said his other best ideas in chip stocks for this earnings season include graphics-chip maker Nvidia (NVDA) and chip-gear maker ASML Holding (ASML).

"The sector continues to benefit from the third wave of compute (AI/big data/automotive), as well as rising silicon intensity that makes each incremental percentage point of bit growth more expensive," Muse said in a note to clients. "The global macro environment remains favorable, led by global synchronized growth and a rising GDP."