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Technology Stocks : Semi Equipment Analysis -- Ignore unavailable to you. Want to Upgrade?

To: Sam who wrote (76069)	6/26/2017 5:34:32 PM
From: Donald Wennerstrom	2 Recommendations Recommended By Sam seminole Respond to of 95652

From a general point of view, the SOX and Micron have followed each other rather closely over the years. Sometimes in the fine detail there is some "leading and lagging" going on between the 2 curves, but very minor for the most part. I think there are 2 stories going on here. First the SOX which is dependent on the economy continuing to grow. If so, as discussed previously, there are powerful factors pushing the semi sector growth to more revenue and profits. The SOX index will track that growth and it won't be long until the previous high set in March 2000 will be eclipsed. Also, there is a good chance the SOX will continue further upward from there. Then there is Micron. Right now since early 2016 it has been tracking closely with the SOX in the uptrend. Micron has even further potential for growth than the SOX for IMO it is by far the most under valued stock in the SOXM. Right now the stock is "poison" for the crowd that sees another big down cycle for the stock right around the corner. That could happen if the economy "tanks", but right now the economy looks OK. This could be a very important 3Q report on Micron's earnings this Thursday. It has to be good enough to change the analysts consensus that this quarter is the earnings "peak" and for the next 2 to 3 years earnings are going downhill. If that change can happen, Micron has a lot of "room to run" to the upside.