3 Gold Medal Stocks to Buy Now

Cheap, high-quality stocks that are up in a down market sure look like winners

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3 Gold Medal Stocks to Buy Now

Gold Medal Stocks to Buy Now #1: Micron Technology (MU)

MicronTechnologyLogo 3 Gold Medal Stocks to Buy NowMicron Technology (MU) is up 10% for the year-to-date and has tripled over during the past 52 weeks. However, with a forward price-to-earnings multiple of 9, MU stock still is 40% cheaper than the broader market.

At the same time, MU stock looks to be a high-quality name, with a return on equity (ROE) of 20%. A big acquisition helped this maker of solid-state memory post a 42% sequential improvement in revenue for the most recent quarter, while earnings per share beat the Street by a wide margin.

Higher prices in Micron’s market led Moody’s to raise its rating on its debt, and will help the company swing back to profitability this year.


Article printed from InvestorPlace Media, http://investorplace.com/2014/02/stocks-to-buy-rtn-pbi-mu-stock/.

©2014 InvestorPlace Media, LLC

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