9/26 Daily Plan: More China Stimulus Attempts To Sustain the Global Rally

U.S. Market Strategy:

In the weeks leading up to Micron’s (MU) earnings yesterday, we discussed that MU was undervalued from our DCF conclusion study (tables of values in DCF section below) and that it needed a catalyst to unlock upside from its Bear Case levels. Yesterdays earnings was the catalyst to materialize such upside. Given that U.S. stocks are …