Analyst Sees More Reason to Buy Stock in SanDisk and Micron

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RAMSanDisk Corp. (NASDAQ: SNDK) and Micron Technology Inc. (NASDAQ: MU) have enjoyed great recoveries from the lows of 2012. Stern Agee has a very positive analyst report of stocks to buy as the run in DRAM and NAND may still have lots of room to run. The firm’s Vijay Rakesh discussed PC memory and noted that NAND supply is constrained and PC-DRAM supply is down, both of which have positive implications for investors of these companies.

The firm’s checks on DRAM show that supply continues to be constrained as DRAM suppliers have continued to allocate DRAM capacity away from PC-DRAM to Mobile-Server. So even with PC builds being down 15% to 18% month over month for April, PC-DRAM prices were up 2% to 5% for April. The firm thinks PC-DRAM pricing could continue to trend up this quarter. Stern Agee also noted that DRAM inventory at the…

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