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Should You Buy This Beaten-Down Growth Stock Before Earnings?

·5 min read
Should You Buy This Beaten-Down Growth Stock Before Earnings?
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Investor sentiment has turned against Micron Technology (NASDAQ: MU) over the past few months because of concerns that memory chip prices might soften based on a slowdown in demand and an increase in supply. Micron's upcoming fiscal 2021 fourth-quarter results, which will be released on Tuesday, Sept. 28, could help bust the myth that the memory market is set for a decline. Micron anticipates $8.2 billion in fourth-quarter revenue at the midpoint of its guidance range.