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Latest Pick - Buy Micron Technology Now

|Includes: Micron Technology Inc. (MU)

Micron Technology (NASDAQ:MU) is finally moving. The stock is up around 7% during the Tuesday trading, as of the time of the writing, thanks to the DRAM purchase discount received by Micron from Inotera. The new agreement enables Micron to buy DRAM at a discount for 2015. There is also some evidence of positive sentiment about the stock. Jefferies is maintaining a price target of $42 for Micron citing that news about 20 nm ramp up problems, price pressure due to Samsung investment in DRAM etc are all myths. Also, Jefferies thinks that Micron's analyst day will act as a catalyst for the company stock.

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