Micron Technology (MU)

He thinks they are ideally positioned for the movement to cloud based storage. Estimates are that global cloud storage has increased by 90% over the past 18 months. They put up a good earnings surprise and are doing well.

Lam or Micron? Semi-conductors have been a good neighbourhood to be in. LAM is much more focused on equipment that makes semis while Micron is focussed on memory chips. With the proliferation of handsets, the demand for memory has been shooting through the roof, so Micron is benefitting big. He prefers Micron, though it's more cyclical than other stocks. Given consolidation in this space, the pricing power has gotten better. It trades at 6x PE like a cyclical. Great job of growing its business.

The chip space has come to life in recent years. Not too familiar with MU but all these names are up.

Stock had a boast last week with a strong earnings report. A solid stock and he likes this space. Big data has a promising future--AI demands more, better chips from makers like this. But he prefers the companies that make the equipment that produce these semi-conducting chips, like Applied Materials, AMAT. Nothing against MU though.

There is no justice in the stock market. He doesn’t think there is a lot of downside. Well-run company.

A technology stock and there are very few that don’t have momentum, and very few that are cheap. This one is certainly not cheap but does have a lot of momentum. He would be a little cautious on this right now. (See Top Picks.)

A great company. They are selling memory storage. That market, over the last few years, has become less fragmented and more controlled so pricing has been better. There are lots of handsets being built.

US growth recommendations?What he observes in US growth stocks is that they are long in the cycle, and a lot of them are very, very expensive on a P/B basis. When he looks at their intrinsic value is, it is very hard for him to find anything he would be interested in. You could try Micron Technologies (MU-Q) which is a reasonably priced growth stock and has upside potential.

Covered Call. One of the more volatile stocks. If he is going to write a Covered Call, he is looking for a stock that he is comfortable with, and wants to be able to get a very good option premium when he sells it. Dividend yield of 0.9%.

The ultimate roller coaster over the past several years. He would tend to avoid this at current levels, and get on board when everyone hates it. This is a stock you trade and don’t “hold” for an investment.

(Market Call Minute.) One of the weaker performing semiconductors. (See Top Picks.)

(Market Call Minute) Wait to buy lower another year or so.

(Market Call Minute.) An interesting name. In the semiconductor space. Some of the semiconductors are moving higher, and this one just broke above its 200 day moving average.

(Market Call Minute.) What happened with this company and flash drive memory taking over hard drives, that same type of cannibalization can be taking place with Cloud services.

Technology stocks tend to do all right, between April through to mid-July. Technical support is at around $10. It broke over the past few days along with a number of other semiconductor stocks, and is now bumping up against trend line resistance near its 200 day moving average. Wouldn’t be surprised if it consolidates here. Still has the seasonal tailwinds behind it all the way through to July/August timeframe.