Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: Sun Tzu who wrote (87287)	8/25/2021 4:42:06 PM
From: Sam	2 Recommendations Recommended By Sr K Sun Tzu Respond to of 95580

I think it may have been because they have been so cheap. And were recognized as such just yesterday in Barrons. Consolidating the NAND sector can only be good for both WDC and Micron as well as Samsung and Hynix, the other two big NAND vendors. Here Are the 10 Cheapest Stocks in the S&P 500 -- Barrons.com DOW JONES & COMPANY, INC. 4:59 AM ET 8/24/2021 Andrew Bary excerpt: There are still plenty of cheap stocks, even with the major indexes near record highs. Barron's screened the S&P 500 index and identified the 10 stocks with the lowest price-to-earnings ratios using 2022 profit projections, based on FactSet data. The 10 least expensive companies include memory-chip makers Micron Technology(MU) and Western Digital(WDC) , chemical producer LyondellBasell Industries (LYB), and life insurer Lincoln National (LNC). Nine of the 10 have P/E ratios below six. Lyondell has the highest multiple in the group, at 6.5 times estimated 2022 earnings. The other six stocks are drugmakers Viatris(VTRS) and Organon (OGN); oil and gas producers Diamondback Energy(FANG) and APA (APA), formerly Apache; home builder PulteGroup(PHM) , and insurer Unum (UNM). Several of the stocks have had big gains over the past year, including Diamondback, Micron, and Lincoln National, but all remain cheap based on earnings. Why are the stocks so inexpensive? Some like Viatris(VTRS) and Organon have ample, but manageable debt. Investors fear that profits may be peaking at companies like Micron, Lyondell, and Western Digital(WDC). These concerns could be creating opportunities for investors. Micron, whose shares trade around $70, recently initiated a small dividend resulting in an 0.6% yield. J.P. Morgan analyst Harlan Sur wrote earlier this month that he expected Micron and its rivals to be "disciplined and prudent" about adding supply in the face of strong demand. He has an Overweight rating and a $140 price target on the stock. Western Digital (WDC), at around $61, is a leading maker of flash memory. Morgan Stanley analyst Joseph Moore is upbeat on its prospects, giving the stock an Overweight rating and a $88 price target. He thinks the stock is too cheap given that he expects earnings of $10 a share next year.