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Is Micron Stock Going Higher? You Need To Hear What Elon Musk Just Said
['Jeremy Bowman', 'Https', 'Www.Facebook.Com Themotleyfool']
The Motley Fool
Stock market investors were eagerly anticipating Space Exploration Technologies' (SPCX -0.13%) first earnings report as a publicly traded company on Tuesday afternoon, and the company had plenty of news to share.
However, Musk also shared some nuggets on memory stocks that Micron (MU +0.48%) investors will want to hear.
Ask yourself, is the demand increasing by 20% a year?
If you have got demand increasing much faster than supply, Economics 101 would suggest that the price increases."
Micron looks like a good bet to move higher as the memory sector tightens.