Micron (MU) Boasts Earnings & Price Momentum: Should You Buy?

Core Insights - The Zacks Focus List is a curated portfolio of 50 stocks aimed at long-term investors, expected to outperform the market over the next 12 months [4] - The Focus List has demonstrated strong historical performance, with a cumulative return of 2,519.23% from February 1, 1996, to March 31, 2021, compared to the S&P 500's return of 854.95% [6] - The methodology for selecting stocks in the Focus List relies on earnings estimate revisions, which are critical for predicting future stock performance [7][8] Focus List Performance - In 2020, the Focus List gained 13.85% on an annualized basis, outperforming the S&P 500's return of 9.38% [6] - The stocks in the Focus List are selected based on a proprietary model that evaluates earnings expectations, leading to a bullish consensus among analysts [10] Stock Spotlight: Micron Technology - Micron Technology has seen a significant increase of 296.78% in its stock price since being added to the Focus List on December 27, 2016, rising from $23.26 to $92.29 [12] - Recent earnings estimates for Micron have been revised higher, with the Zacks Consensus Estimate increasing by $0.21 to $6.93 for fiscal 2025, and a forecasted earnings growth of 433.1% for the current fiscal year [13]