At This Point, Micron Stock Looks Pretty Much Unstoppable

At This Point, Micron Stock Looks Pretty Much UnstoppableMicron Technology Inc. (NASDAQ:MU) did it again. Strong earnings, and a stronger forecast from CEO Sanjay Mehotra, continued to power Micron stock upward, but bears won’t let it go past the fundamentals so the memory chip maker is still a buy. On June 20 Micron reported net income of $3.823 billion, $3.10 per share, on revenue of $7.8 billion for the quarter.  This compares to earnings of $1.65 billion, $1.40 per share, and revenues of $5.56 billion a year ago.




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