How Micron Technology, Zillow, and PPG Industries Set New Highs Today

These three stocks hit new yearly highs Monday. Find out why.

Jun 30, 2014 at 7:10PM

The stock market was narrowly mixed on Monday, with the Dow and S&P 500 both giving up slight amounts of ground. For many stocks, though, today's gains were enough to send them to their best levels in a year or more. Among those winners today were Micron Technology (NASDAQ:MU), Zillow (NASDAQ:ZG), and PPG Industries (NYSE:PPG).


Source: Micron Technology.

Micron Technology rose more than 4.5% today, as an internationally renowned analyst firm added its name to the list of bullish investors on the memory-chip stock. Micron has benefited greatly from the huge demand for flash memory in smartphones, tablets, and other mobile devices, and its purchase last year of Japanese rival Elpida put it in position to serve some of the most lucrative customers in the tech industry. After a long and painful price war for several years, the all-pervasive presence of memory in mobile products, as well as the rise of solid-state drives to replace slower and less efficient traditional hard-disk drives, have helped the entire industry recover.With pricing for both more commodity-like DRAM as well as higher-value NAND flash memory seen as continuing to be strong at least for the near future, Micron has plenty of room to keep rising, especially if it can renegotiate contracts with customers to reflect higher current prices for chips.

Source: Zillow.

Zillow jumped almost 3% as the online real-estate information provider announced that it had signed up another partner for its partnership program. MLSListings of Northern California will bring some valuable real estate into the Zillow mix, including much of the Bay Area south of San Francisco and along the coast near Monterey. The deal offers Zillow quicker updates on information from the MLS listings provided by the real-estate brokerage, and in return, MLSListings brokers will get higher-profile displays indicating that they're the listing agents on the properties in their listing portfolios and will get leads from Zillow's request screens. As Zillow's network expands, the network effect gains in value, and that could help Zillow's growth going forward.

PPG Industries climbed 3% as maker of paints and other coatings agreed to pay $2.3 billion to buy Mexican peer Consorcio Comex. The move should help PPG in its efforts to gain global scope for its products, as Comex has an extensive business that covers several markets in Mexico and Central America. With PPG arguing that the deal would boost its earnings immediately after accounting for one-time acquisition costs, investors liked the prospects of the expansion.

Leaked: Apple's next smart device (warning -- it may shock you)
Apple recently recruited a secret-development "dream team" to guarantee that its newest smart device was kept hidden from the public for as long as possible. But the secret is out, and some early viewers are even claiming that its everyday impact could trump the iPod, iPhone, and the iPad. In fact, ABI Research predicts that 485 million of these devices will be sold per year. But one small company makes this gadget possible. And its stock price has nearly unlimited room to run for early in-the-know investors. To be one of them, and to see Apple's newest smart gizmo, just click here!

Dan Caplinger owns shares of Apple. The Motley Fool recommends and owns shares of Apple and Zillow. Try any of our Foolish newsletter services free for 30 days. We Fools don't all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.

1 Key Step to Get Rich

Our mission at The Motley Fool is to help the world invest better. Whether that’s helping people overcome their fear of stocks all the way to offering clear and successful guidance on complicated-sounding options trades, we can help.

Feb 1, 2016 at 4:54PM

To be perfectly clear, this is not a get-rich action that my Foolish colleagues and I came up with. But we wouldn't argue with the approach.

A 2015 Business Insider article titled, "11 websites to bookmark if you want to get rich" rated The Motley Fool as the #1 place online to get smarter about investing.

"The Motley Fool aims to build a strong investment community, which it does by providing a variety of resources: the website, books, a newspaper column, a radio [show], and [newsletters]," wrote (the clearly insightful and talented) money reporter Kathleen Elkins. "This site has something for every type of investor, from basic lessons for beginners to investing commentary on mutual funds, stock sectors, and value for the more advanced."

Our mission at The Motley Fool is to help the world invest better, so it's nice to receive that kind of recognition. It lets us know we're doing our job.

Whether that's helping the entirely uninitiated overcome their fear of stocks all the way to offering clear and successful guidance on complicated-sounding options trades, we want to provide our readers with a boost to the next step on their journey to financial independence.

Articles and beyond

As Business Insider wrote, there are a number of resources available from the Fool for investors of all levels and styles.

In addition to the dozens of free articles we publish every day on our website, I want to highlight two must-see spots in your tour of

For the beginning investor

Investing can seem like a Big Deal to those who have yet to buy their first stock. Many investment professionals try to infuse the conversation with jargon in order to deter individual investors from tackling it on their own (and to justify their often sky-high fees).

But the individual investor can beat the market. The real secret to investing is that it doesn't take tons of money, endless hours, or super-secret formulas that only experts possess.

That's why we created a best-selling guide that walks investors-to-be through everything they need to know to get started. And because we're so dedicated to our mission, we've made that available for free.

If you're just starting out (or want to help out someone who is), go to, drop in your email address, and you'll be able to instantly access the quick-read guide ... for free.

For the listener

Whether it's on the stationary exercise bike or during my daily commute, I spend a lot of time going nowhere. But I've found a way to make that time benefit me.

The Motley Fool offers five podcasts that I refer to as "binge-worthy financial information."

Motley Fool Money features a team of our analysts discussing the week's top business and investing stories, interviews, and an inside look at the stocks on our radar. It's also featured on several dozen radio stations across the country.

The hosts of Motley Fool Answers challenge the conventional wisdom on life's biggest financial issues to reveal what you really need to know to make smart money moves.

David Gardner, co-founder of The Motley Fool, is among the most respected and trusted sources on investing. And he's the host of Rule Breaker Investing, in which he shares his insights into today's most innovative and disruptive companies ... and how to profit from them.

Market Foolery is our daily look at stocks in the news, as well as the top business and investing stories.

And Industry Focus offers a deeper dive into a specific industry and the stories making headlines. Healthcare, technology, energy, consumer goods, and other industries take turns in the spotlight.

They're all informative, entertaining, and eminently listenable ... and I don't say that simply because the hosts all sit within a Nerf-gun shot of my desk. Rule Breaker Investing and Answers contain timeless advice, so you might want to go back to the beginning with those. The other three take their cues from the market, so you'll want to listen to the most recent first. All are available at

But wait, there's more

The book and the podcasts – both free ... both awesome – also come with an ongoing benefit. If you download the book, or if you enter your email address in the magical box at the podcasts page, you'll get ongoing market coverage sent straight to your inbox.

Investor Insights is valuable and enjoyable coverage of everything from macroeconomic events to investing strategies to our analyst's travels around the world to find the next big thing. Also free.

Get the book. Listen to a podcast. Sign up for Investor Insights. I'm not saying that any of those things will make you rich ... but Business Insider seems to think so.

Compare Brokers