Micron: Buy the Buyback, Sit Through Slower Content Growth
Micron just reported blockbuster Q4 results and fat guidance, but we think the smartest near-term trade is to own the stock to capture continued pricing tailwinds and an accelerated capital-return program while monitoring content growth metrics. Entry $1109.73, target $1350.00, stop $980.00; swing trade (45 trading days) with the option to convert …