Oil fell $30 in intraday trading yesterday because Trump said the war was “very complete, pretty much.” Things can flip on a dime in this market.

That’s why in addition to looking at overarching narratives, it’s important to take stock of key technical indicators. So today, we’re going to walk through trailing and forward P/E ratios, with an example stock as well.

All that and more below, but first, check out our partner RAD Intel:

This is not financial advice. Always do your own research. Past performance doesn’t guarantee future results.

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Market narratives are important because they drive so much of the growth (and decline) in our current day and age. However, we think it’s still just as important to look at technical indicators to find potential opportunities in the stock market. 

Not the kinds of indicators that would make even an economist’s head hurt. We just mean good old P/E (price/earnings), which tells whether a company might be under- or overvalued. And specifically, we want to look at the combo of trailing P/E and forward P/E.

Trailing 12 month P/E is a stock’s price divided by its total earnings per share (EPS) from the past 12 months. It follows, then, that forward P/E is just a stock’s price divided by its projected earnings for the following 12 months.

What we’re interested in is the difference between a stock’s trailing P/E and its forward P/E.

Here’s why:

So, lower forward P/E than trailing P/E = buy signal? No, it’s not that simple. You need to also determine why the stock’s forward P/E is lower and, if it’s because the company is projected to grow, whether you think the market has priced that growth in or not.

We’ve got an example of how to use P/E in this way below.

We’ve talked about this stock before, but we’re going to cover it now from a different angle. Micron Technology (MU) is a major player in the memory space, which has seen a large surge in valuation recently (SanDisk, a larger memory company, is the best-performing stock in the S&P 500 right now).

While MU has already given an incredible performance over the past year (up 347.08%), the stock’s P/E ratios still tell an interesting story:

Massive difference. However, MU has already grown a ton in the past year. So, the market is faced with a choice: has Micron already hit its top and is now bound for lower price, or will its projected increase in earnings (i.e., MU’s lower Forward P/E) hold true, pushing the price higher?

We need more information.

MU’s PEG ratio (price/earnings to growth ratio) is at 0.68. Anything below a PEG ratio of 1 means the company is either trading in line with the growth rate or may even be undervalued, according to Investopedia.

Micron Technology is also hiring new employees, another signal of growth: MU job listings increased by 43% over the past three months, according to our partner AltIndex. MU also has a 91% buy rating from analysts on average (and a 62/100 buy signal from AltIndex). 

Of course, there are potential pitfalls here. The market may be believing that the MU top is in, and that the memory industry is going to decline from here. The next big clue we’ll get for that mystery comes in 8 days on March 18th, when Micron reports earnings. We’ll be watching to see if MU meets or beats its revenue projection of $18.7B.

This is not investing advice. Always do your own research.

Markets staged a dramatic comeback Monday after President Trump hinted the war with Iran could be over soon.

Oil prices whipsawed brutally, briefly topping $119 per barrel overnight Sunday before plunging 25% intraday to around $85-89 after President Trump told CBS News the conflict is "very complete, pretty much." Brent and WTI crude are still up 23% and 28% respectively since the war began, with roughly 16 million barrels per day stranded behind the closed Strait of Hormuz.

The oil shock is scrambling the Fed's rate outlook. Wilmington Trust chief economist Luke Tilley estimates that if oil stays at $100 for three months, it could tip the economy into recession. The question dividing Fed officials: should policy become more accommodative, or have inflation concerns returned?

The DTC beauty category is crowded. To break through, Jennifer Anniston’s brand LolaVie, worked with Roku Ads Manager to easily set up, test, and optimize CTV ad creatives. The campaign helped drive a big lift in sales and customer growth, helping LolaVie break through in the crowded beauty category.

Learn more

Netflix shares bounced 30% in nine sessions after walking away from its $83 billion Warner Bros. bid, its best nine-day performance since October 2022. Investors cheered the company's return to its core business and the $2.8 billion breakup fee it pocketed.

Anthropic sued the Defense Department in two separate complaints on Monday after being labeled a supply-chain risk late last week. The Claude maker accused the Pentagon of "unprecedented and unlawful" retaliation after refusing to provide its AI for mass surveillance of Americans or fully autonomous weapons.

Oracle reports Q3 earnings Tuesday amid reports it axed plans to expand its Stargate AI data center with OpenAI and is preparing thousands of layoffs. Oracle shares have collapsed 37% over the last six months as investors question its ballooning capital expenditures, which jumped 269% in Q1 to $8.5 billion. The company is expected to report a 139% increase to $14 billion in capex for Q3.

Average tax refunds hit $3,800, an 8.8% jump from last year, according to IRS data through late February. The government has processed over 36 million refunds totaling $136 billion so far this season. The bump comes from provisions in the One Big Beautiful Bill, including new deductions on overtime pay and tips, a vastly expanded state and local tax deduction, and a bigger standard deduction of $31,500 for married couples.

Hewlett Packard Enterprise beat Q2 revenue estimates Monday afternoon and raised its full-year adjusted earnings forecast to $2.30-$2.50, above the expected $2.25-$2.45.

Hims & Hers stock soared after its months-long feud with Novo Nordisk over weight-loss drug access took an unexpected turn. The telehealth platform had sparred with the Danish drugmaker over Novo's refusal to sell weight-loss drugs on its platform, but the bitter battle appears to have reached its end.

Pokémon trading cards are experiencing significant price appreciation heading into spring 2026, particularly among vintage and rare editions. Following Pokémon's 30th anniversary in February, nostalgic Millennials and Gen Z collectors have driven sharp gains across the market.

The iconic Charizard ex from the 151 set climbed to $344.62, up 32% in just 30 days, while the "Sunbreon" Umbreon ex from Prismatic Evolutions rebounded to $1,085, a 15% jump after hitting an $800 low in December. Even common-rarity vintage cards like a 24-year-old Charmander from the Expedition set surged nearly 50% to $29.40 as supply dried up.

TCGplayer's latest price trends report shows that scarcity, nostalgia, and the end of certain print runs are fueling gains. Unlike luxury handbags or fine art, Pokémon cards are accessible to everyday collectors. Entry points start around $10 for competitive playable cards, with potential for significant appreciation as sets go out of print.

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Cheers,
Brandon & Blake of Invested Inc