European News, Micron Technology takes the crown, RTX & Seagate Technology (MarketDevil)

$Micron Technology (MU.US)$ At the top of the list is Micron Technology, which saw turnover per share increase by no less than 88%. The gross margin went from just -11% last year to +35% this year. The operating margin also increased considerably. “The stock will outperform through the rest of this year and into 2025 as the market underestimates the improvement in revenue, margins and pricing power,” JPMorgan analysts previously said in a report.
The memory chip market is at the beginning of an upward cycle, in which analysts' profit estimates usually rise sharply. That in turn leads to a price gain, according to JPMorgan.
RTX and Seagate Technology
RTX, a manufacturer of aircraft engines and defense equipment, also scores well in The Wall Street Journal's list. Sales per share increased by 60%. The profit margin increased from 5% to 20%. Investors rewarded the company's strong results this year with a 45% share price gain.
The top three is completed by storage media manufacturer Seagate Technology. Turnover per share increased by 44% and the profit margin went from 10% to 33%.
Other well-known names in The Wall Street Journal's list are Pfizer, Garmin, BlackRock and Eli Lilly. They also performed well in the past quarter.