Avoiding Tech, Looking for Opportunity Elsewhere as Earnings Hit
Painful chip selling produced healthy rotation rather than broad fear.
Tuesday’s Closing Market Stats
Closing Volume
– NYSE volume 11% above its one-month average
– NASDAQ volume 5% above its one-month average
– VIX index: down 2.52% to 18.20
Breadth
S&P 500 Sectors
% Movers
Nasdaq 100 Heat Map
Closing S&P 500 Heat Map
Position: None
Here’s Our Game Plan for Applied Materials and Marvell
The demand picture remains strong, but market conditions mean focusing on support levels.
New Paccar Price Target, Checkpoint After Earnings Release
Rising production volumes and favorable pricing point to a stronger second half ahead.
Why You Should Think Twice About That 12% ETF Yield
A 12% yield sounds better than 3%, until you look at what’s actually generating each payout.
Chart of the Day: Meta’s Day of Reckoning Is Here
This mega-cap is set to report earnings on July 29 amid downbeat expectations.
Latest Bloom Short Update
Bloom Energy ($BE) is down by another -$30 to $158 and I am bidding to cover more of my short holding.
From less than three weeks ago:
Update on a Bloom-ing Short
New short Bloom Energy (BE) at (in premarket at $265.39).
More next week.
Positions: Short BE VS
BY Doug Kass · Jul 9, 2026, 10:27 AM EDT
Position: Short BE (VS)
Tweet of the Day (Part Trois)
From Hedgeye:
Position: None
Subscriber Comment of the Day
I am convicted (on a longer-term basis) in the cannabis sector.
I literally have added daily for the reasons previously mentioned.
From Randorama:
Randy
Daily Marijuana Use Now Outpaces Alcohol Drinking And Cigarette Smoking, Federal Report Shows
The 2025 National Survey on Drug Use and Health (NSDUH), released on Monday, shows that 21.4 million Americans over the age of 12 admit to using marijuana on a daily or almost-daily basis, which is measured as having consumed it on 20 or more days during a 30-day period.
In comparison, 17.2 million Americans said they use alcohol every day or almost every day, using the same definition.
Position: None