Historically, tumultuous times offer some of the best opportunities to buy stocks, and the market's recent mess surely qualifies. And though memory maker Micron Technology
In our Motley Fool CAPS community, 87% of the 876 investors rating the company are bullish, so there's no shortage of reasons why Micron will thrive, three of which I've highlighted below.
But here at the Motley Fool, we're all for looking at both the good and bad sides of an investment. Once you're done with this article, you can read the case against the stock, weigh in with your own comments below, or rate Micron yourself in CAPS.
1. Earnings momentum
Many bullish CAPS members have latched on to the positive earnings momentum Micron has shown in recent quarters. It put up monster-sized sales and earnings growth numbers in its fiscal third quarter, while companies it's working with around the tech sector such as Intel
2. Cheap shares
With an earnings multiple in the single digits and an estimated five-year growth rate of more than 11%, Micron's PEG ratio sits below that of peers like Rambus
3. Industry strength
The global semiconductor market has been on fire, prompting the world's largest contract chip maker Taiwan Semiconductor