On Monday of this week I featured three stocks, Micron Technology (MU), Virtusa Corporation (VRTU), and PayPal Holdings, Inc. (PYPL).
Of the three, Micron is the clear winner so far this week. After slipping 3.33% and 1.98% on Monday and Tuesday, Micron soared on Wednesday. It gained 8.51% in just one day. With a gain like that it is not surprising that on Wednesday Micron was the best performing stock on the entire S&P 500. The sudden rise of Micron was a result of revenues and earnings reports that far exceeded expectations. I have posted several articles on my website and on my Twitter and Facebook pages that explain the company’s performance in greater detail. But the short message is that there is good reason to believe that Micron’s stellar performance will continue for the near future.
I still like Virtusa and PayPal. Recall that the markets got off to a weak start this week. All of the major indexes were down on Monday. Yesterday Virtusa rose 2.62%; PayPal rose .62%. Both of those performances were respectable. But this week Micron is the clear standout.
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