List stocks similar to mu

Screening Filters

1. Price > $5

   • Purpose: Focus on established, tradable equities rather than very low-priced or penny stocks.
   • Rationale: Micron Technology is a large-cap semiconductor company with a meaningful share price. Requiring a minimum price helps keep the screen aligned with comparably serious, liquid names.

2. Monthly average dollar volume > $500,000

   • Purpose: Ensure adequate trading liquidity.
   • Rationale: This makes the results easier to trade and more institutionally relevant, similar to MU, which is heavily traded. It filters out thinly traded stocks that may not be good substitutes.

3. Sector = Technology

   • Purpose: Keep the screen within the same broad industry landscape as Micron.
   • Rationale: Micron is a technology company, so this ensures the results stay in the right part of the market.

4. Industry = Semiconductors & Semiconductor Equipment

   • Purpose: Narrow the universe to direct peers and close comparables.
   • Rationale: This is the most important similarity filter for MU. Micron operates in semiconductors, so this identifies companies with similar business exposure, competitive dynamics, and cyclical behavior.

5. Themes = Semiconductor Equipment & Materials, Big Data, Cloud Computing, AI Beneficiary

   • Purpose: Capture companies that share secular growth drivers with Micron.
   • Rationale: MU is often tied to data center demand, AI infrastructure, cloud computing, and broader memory demand. These themes help surface stocks that may not be identical pure-play memory companies but are still closely linked to the same end markets.

6. Exchange = XNYS, XNAS, XASE

   • Purpose: Limit results to major U.S. listed exchanges.
   • Rationale: This improves comparability, reporting quality, and liquidity. Micron is U.S.-listed, so this keeps the screen focused on similar public equities.

7. Price > EMA 20

   • Purpose: Favor stocks with near-term positive price momentum.
   • Rationale: This doesn’t define “similarity” in a business sense, but it helps identify semiconductors that are currently trading with strength, which can be useful if the user wants peers that are also performing well.

8. Revenue TTM > 0

   • Purpose: Exclude pre-revenue or speculative names.
   • Rationale: Micron is a mature, revenue-generating company. This filter keeps the list focused on operating businesses with real sales.

9. Quarterly revenue YoY growth ≥ -20%

   • Purpose: Avoid companies with severe revenue deterioration.
   • Rationale: Semiconductor businesses can be cyclical, but this filter removes companies with collapsing fundamentals. It keeps the results closer to viable operating peers like MU.

10. Annual revenue YoY growth ≥ -20%

    • Purpose: Screen out companies with very weak longer-term revenue trends.
    • Rationale: This helps ensure the stocks are not fundamentally broken and remain comparable to a major industry player such as Micron.

11. P/E TTM between 0 and 40

    • Purpose: Keep valuation within a reasonable range for a public semiconductor/technology stock.
    • Rationale: MU and its peers can trade at varying multiples depending on the cycle. This range excludes extreme outliers while allowing for both earnings-driven and cyclically depressed names.

12. P/S ratio between 0 and 10

    • Purpose: Filter out excessively expensive revenue multiples.
    • Rationale: For semiconductor companies, especially those with cyclical earnings, sales valuation is often relevant. This helps identify stocks priced in a range similar to mainstream semiconductor peers.

13. P/B ratio between 0 and 20

    • Purpose: Keep book-value valuation within a plausible range for asset-intensive tech firms.
    • Rationale: Micron is a capital-intensive semiconductor maker, so book value can matter more than for software firms. This range helps keep the screen relevant to companies with tangible assets and manufacturing exposure.

14. Optionable = True

    • Purpose: Require listed options.
    • Rationale: Micron is optionable, and many investors looking at a stock like MU may want liquidity for hedging or trading strategies. This also tends to select larger, more actively followed names.

Why These Filters Work as a Whole

• They focus on direct semiconductor peers first, which is the most important part of “similar to Micron Technology.”
• They then add liquidity, exchange, and valuation constraints to keep the results investable and comparable.
• The revenue and growth filters avoid unprofitable or distressed names that would be poor stand-ins for a major company like MU.
• The theme filters broaden the screen slightly to include stocks tied to the same demand drivers, such as AI, cloud, and data center growth, which are highly relevant to Micron’s business.
• The momentum filter helps surface names that are not only similar in business model but also currently exhibiting constructive price behavior.

In short: these filters are appropriate because they narrow the universe to liquid, U.S.-listed, financially relevant semiconductor and technology stocks that share many of the same end markets, valuation characteristics, and trading profile as Micron Technology.