Micron $MU is generating record profits, record margins, and record free cash flow.
Ironically, that’s exactly why I’m bearish.
In cyclical industries, the lowest P/E ratios often occur near the top of the cycle, when earnings are at their peak. By the time the market realizes profits have peaked, the stock is usually already well off its highs.
History doesn’t repeat perfectly, but it often rhymes.
$MU $SNDK
$MU $SNDK $SOXX Micron Micron stock MU MU stock Micron analysis Semiconductors Semiconductor stocks Stock market Technical analysis Swing trading Day trading Trading Investing Probability based trading Stock analysis
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