October 28, 2014
ATTENTION
Advanced Investors and Finance Professionals:
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VALUATION WATCH IS OFF: Overvalued stocks now make up 52.6% of our stocks assigned a valuation and 15.5% of those equities are calculated to be overvalued by 20% or more. Eleven sectors are calculated to be overvalued.
High Tech
--Micron Tech Up 17% as Tech Sector Alternate for ValuEngine
Micron Technology, Inc. (MU) has established itself as one of the leading worldwide providers of semiconductor memory solutions. The company's quality memory solutions serve customers in a variety of industries including computer and computer-peripheral manufacturing, consumer electronics, CAD/CAM, telecommunications, office automation, network and data processing, and graphics display. The company's mission is to be the most efficient and innovative global provider of semiconductor memory solutions.
Micron has been on a steady climb as our Forecast 16 Market Neutral Newsletter's alternate Tech Sector pick for the month. Since our latest rebalance, the stock is up more than 17%. The stock leads our long alternate portfolio of 16 stocks, which is currently up almost 9% since October 15th.
ValuEngine continues its STRONG BUY recommendation on MICRON TECH for 2014-10-27. Based on the information we have gathered and our resulting research, we feel that MICRON TECH has the probability to OUTPERFORM average market performance for the next year. The company exhibits ATTRACTIVE Momentum and Company Size.
As a bonus to our Newsletter readers,
we are offering a FREE DOWNLOAD of one of our Stock Reports
Read our Complete Detailed Valuation Report on Micron Tech HERE.
Below is today's data on MU:
ValuEngine Forecast |
|
Target
Price* |
Expected
Return |
1-Month |
32.64 |
1.06% |
3-Month |
33.43 |
3.50% |
6-Month |
34.58 |
7.05% |
1-Year |
36.42 |
12.77% |
2-Year |
41.61 |
28.82% |
3-Year |
15.49 |
-52.03% |
Valuation & Rankings |
Valuation |
3.50% overvalued |
|
46 |
1-M Forecast Return |
1.06% |
1-M Forecast Return Rank |
99 |
12-M Return |
93.18% |
|
97 |
Sharpe Ratio |
0.62 |
|
85 |
5-Y Avg Annual Return |
28.60% |
5-Y Avg Annual Rtn Rank |
95 |
Volatility |
45.87% |
|
42 |
Expected EPS Growth |
16.16% |
|
45 |
Market Cap (billions) |
34.59 |
Size Rank |
97 |
Trailing P/E Ratio |
9.85 |
|
94 |
Forward P/E Ratio |
8.48 |
Forward P/E Ratio Rank |
91 |
PEG Ratio |
0.61 |
PEG Ratio Rank |
54 |
Price/Sales |
2.11 |
|
43 |
Market/Book |
2.99 |
|
38 |
Beta |
1.71 |
Beta Rank |
20 |
Alpha |
0.40 |
Alpha Rank |
93 |
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ValuEngine Market Overview
Summary of VE Stock Universe |
Stocks Undervalued |
47.4% |
Stocks Overvalued |
52.6% |
Stocks Undervalued by 20% |
17.89% |
Stocks Overvalued by 20% |
15.5% |
ValuEngine Sector Overview
|
|
|
|
|
|
|
|
-0.05% |
-0.91% |
-1.31% |
7.35% overvalued |
0.30% |
20.86 |
|
-0.29% |
0.47% |
0.33% |
7.28% overvalued |
5.72% |
22.90 |
|
0.06% |
2.00% |
11.26% |
7.15% overvalued |
13.30% |
29.54 |
|
-0.26% |
0.87% |
-5.80% |
5.93% overvalued |
-1.73% |
23.72 |
|
-0.19% |
-0.69% |
-5.23% |
5.83% overvalued |
-0.72% |
27.36 |
|
-0.15% |
1.01% |
6.33% |
5.34% overvalued |
4.84% |
21.23 |
|
-0.27% |
-0.46% |
5.00% |
5.21% overvalued |
8.95% |
19.56 |
|
-0.10% |
0.56% |
2.34% |
5.07% overvalued |
3.39% |
17.22 |
|
-0.04% |
-1.69% |
-2.88% |
4.81% overvalued |
12.28% |
20.87 |
|
-0.19% |
-2.84% |
-0.36% |
3.18% overvalued |
2.23% |
30.27 |
|
0.04% |
1.54% |
-0.27% |
1.52% overvalued |
3.14% |
24.49 |
|
-0.47% |
-0.82% |
-4.77% |
0.77% undervalued |
1.07% |
22.18 |
|
-0.99% |
-4.13% |
-5.43% |
1.30% undervalued |
-4.20% |
15.91 |
|
-0.39% |
0.15% |
-3.68% |
5.27% undervalued |
-1.29% |
24.17 |
|
-1.46% |
-4.09% |
-4.57% |
8.49% undervalued |
-10.26% |
25.30 |
|
-2.39% |
-11.02% |
2.08% |
8.90% undervalued |
-9.56% |
23.63 |
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