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.

4 in 5 Americans Are Ignoring Buffett's Warning

Don't be one of them.

Jun 12, 2015 at 5:01PM

Admitting fear is difficult.

So you can imagine how shocked I was to find out Warren Buffett recently told a select number of investors about the cutting-edge technology that's keeping him awake at night.

This past May, The Motley Fool sent 8 of its best stock analysts to Omaha, Nebraska to attend the Berkshire Hathaway annual shareholder meeting. CEO Warren Buffett and Vice Chairman Charlie Munger fielded questions for nearly 6 hours.
The catch was: Attendees weren't allowed to record any of it. No audio. No video. 

Our team of analysts wrote down every single word Buffett and Munger uttered. Over 16,000 words. But only two words stood out to me as I read the detailed transcript of the event: "Real threat."

That's how Buffett responded when asked about this emerging market that is already expected to be worth more than $2 trillion in the U.S. alone. Google has already put some of its best engineers behind the technology powering this trend. 

The amazing thing is, while Buffett may be nervous, the rest of us can invest in this new industry BEFORE the old money realizes what hit them.

KPMG advises we're "on the cusp of revolutionary change" coming much "sooner than you think."

Even one legendary MIT professor had to recant his position that the technology was "beyond the capability of computer science." (He recently confessed to The Wall Street Journal that he's now a believer and amazed "how quickly this technology caught on.")

Yet according to one J.D. Power and Associates survey, only 1 in 5 Americans are even interested in this technology, much less ready to invest in it. Needless to say, you haven't missed your window of opportunity. 

Think about how many amazing technologies you've watched soar to new heights while you kick yourself thinking, "I knew about that technology before everyone was talking about it, but I just sat on my hands." 

Don't let that happen again. This time, it should be your family telling you, "I can't believe you knew about and invested in that technology so early on."

That's why I hope you take just a few minutes to access the exclusive research our team of analysts has put together on this industry and the one stock positioned to capitalize on this major shift.

Click here to learn about this incredible technology before Buffett stops being scared and starts buying!

David Hanson owns shares of Berkshire Hathaway and American Express. The Motley Fool recommends and owns shares of Berkshire Hathaway, Google, and Coca-Cola.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.

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