MU shows strength with a bullish pattern; low forward PE (~6) vs current (21) attracts buyers, suggesting potential for price to reach $1,000 where it would still appear cheap.
Bullish
“askSlim Market Week 09/04/26 - Analysis of Financial Markets”
Steve MillerPublished Sep 4 · 2 passages
Jump to any passage
2 passages
When you look at something like Micron, Micron's trading at 21 times earnings right now. When you look at forward earnings, it's trading at incredibly about a 6PE because of the projections for earnings uh into the next quarter and into early next year.
That's going to bring buyers in. And a matter of fact, you see Micron is up $50 today in what is quite a bullish pattern that we see.
When I look at Micron, it says to me, boy, there's a lot of strength there and that stock is going to look very cheap to investors at $1,000, believe it or not.
What this channel has said about $MU
Steve Miller has 4 calls on this stock; only the adjacent ones are shown.
2026-09-05Bullish
Now, if you look at valuations, well, the market's at a crazy valuation. When I look at the overall market, when you look at something like Micron, Micron's trading at 21 times
Quote at 52:40 ›2026-09-04BullishThis one
When you look at something like Micron, Micron's trading at 21 times earnings right now. When you look at forward earnings, it's trading at incredibly about a 6PE because of the projections for earnings uh into the next quarter and into early next year. That's going to bring buyers in. And a matter of fact, you see Micron is up $50 today in what is quite a bullish pattern that we see.