Labor Market is Excellent per Jobs Report - Bull Run Continues
We sent a new alert today on Micron (MU) and at the close it is up 15% with the last trade at $1.07 and entering at .93 cents. Our goal is a 25% return and we will have to monitor this closely in this crazy market with two weeks of major swings up and down.
Markets seem to have calmed down after it was announced yesterday that the new tariffs enacted by Trump don't have as much as a bite as initially thought and therefore the fear of trade wars subsided.
The jobs numbers released this morning before the bell had the effect of pouring gasoline on a fire and the market roared up all day. The MU options only need to reach $1.17 to provide a 25% return. We hope that it makes or exceeds this goal. We did hear from some subscribers that held the last alert on MU for as much as 170% returns. That is great and we appreciate hearing good news!
MU (Micron) is currently has Rank #2 (Buy) by Zacks, a leading investment research firm focusing on stock research, analysis and recommendations. Micron is trading at just 5x forward earnings, and the company is expected to improve its earnings at a of 10% (annualized) over the next three to five years. Have a great weekend to all.