The Memory Crash Has 4 Big Stocks Down 30% or More From Their Highs. I'd Buy 2 of Them.
The sell-off is treating four very different businesses as one trade. Sorting them apart is where the opportunity is.
Overview
Memory and storage stocks have had a brutal stretch. Micron Technology (NASDAQ: MU), Sandisk (NASDAQ: SNDK), Western Digital (NASDAQ: WDC), and Seagate Technology (NASDAQ: STX) have been falling for days, mostly without company news. As of this writing, Micron and Seagate both trade about 35% below their 52-week highs, Western Digital about 42%, and Sandisk about 53%.
The market is selling all four as one trade. But these are three different businesses (DRAM and high-bandwidth memory, NAND flash, and hard drives), and the risks behind their earnings look nothing alike.
Details
With all four down hard, I'd buy two of them and leave the other two alone.
Source
Originally published at www.fool.com.