Micron Technology, Sandisk, and Western Digital Are Down Big in the Past Month. Is Now the Time to Buy?
These memory and storage stocks have given back some gains recently and could now be more attractively priced options for growth investors to consider.
Overview
The stock market is having a sale right now on memory and storage stocks. Many of the biggest, high-flying names that have been dominant on the market this year are all down big. Micron Technology (NASDAQ: MU), Western Digital (NASDAQ: WDC), and Sandisk (NASDAQ: SNDK) have all declined by more than 20%, with the largest declines on this list at over 36%.
Is this a great reckoning taking place in the industry, or is this just a brief pause before the next stage of the rally for these growth stocks? Here's a look at how much these stocks are down right now, how their valuations look, and if they could be good buys on the dip.
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Originally published at www.fool.com.