Today's video focuses on Micron Technology (MU 4.59%), Activision Blizzard (ATVI -0.53%), and Twilio (TWLO 7.15%). As of closing prices on Sept. 8, these three companies have seen an over 20% drop in stock prices from 52-week high prices. All are in solid markets that continue to see growth. Could the current prices be a buying opportunity for investors? Here are some highlights from the video.
- Micron Technology creates memory chips that are used in nearly all of the electronics that we use today. As data centers, gaming, smart vehicles, VR headsets, and new technology continue to expand, Micron Technology will have more bullish cases. The main reason for the drop is the fear of memory prices decreasing, as numerous analysts have expressed concerns.
- Activision, a gaming company with solid franchise games like Call of Duty, Candy Crush, and World of Warcraft, dominates in grossing mobile games. Recent regulatory enforcement of video game rules in China has investors a bit worried about future growth. Still, investors should be reminded of the current development of mobile gaming in Latin America.
- Twilio reported over 67% year-over-year growth in revenue in its most recent earnings. Software stocks have taken a hit in recent weeks due to market volatility and concerns about valuations. In the video, I share some value metrics and look at the current levels of these metrics.
Click the video below for my full thoughts and analysis.
*Stock prices used were the midday prices of Sept. 8, 2021. The video was published on Sept. 8, 2021.