My Tweet of the Month
Position: None
Things I Did the Last Two Days
* Added to index shorts: $SPY at $747.51 and $QQQ at $719.69
* Shorted $AMD at $448.03, $INTC at $116.31, $MU at $786.10, $NVDA at $236.81, $SNDK at $1,415 and $TSLA at $445.76.
* Added to these longs: $PEP at $148.63, $PG at $142.66 and $KMB at $96.94.
Position: Long PEP (S), PG (S), KMB (S); Short SPY (S), QQQ (S), AMD (S), INTC (S), MU (S), NVDA (S), SNDK (S), TSLA (S)
Early Morning Trading (5:01 AM)
I have moved from small to very small in the indices.
With S&P futures -77 handles I have covered some:
* $SPY $740.98
* $QQQ $709.65
I plan to re-short strength.
Position: Short SPY (VS), QQQ (VS)
Oscillator Is Now Neutral
The S&P Short Range Oscillator is now in neutral at 0.09% vs. 1.05%.
Position: Short SPY (S), QQQ (S)
That’s All Folks
Alright, folks, that is it for me today. I have an $AMAT earnings call to listen to and am also getting an early jump on the Pro Portfolio’s Weekly Roundup.
Thanks for letting me play once again in the sandbox. Hope to see you ‘round these parts again before too long. Dougie is back at the wheel tomorrow.
Position: TheStreet Pro Portfolio is long AMAT shares.
The One Earnings Report to Watch After the Close
As you can see in the table below, we have a modicum of earnings reports after today’s close. While you may be a customer or even a fan of Boot Barn ($BOOT), odds are the market’s focus will be on April-quarter results and July-quarter guidance from Applied Materials ($AMAT).
Back in February AMAT shared it sees its semiconductor systems business up more than 20% in calendar 2026. Coming off the increased multi-year outlook from Taiwan Semi ($TSM) this morning and Cisco ($CSCO) resetting its expected 2026 orders from hyperscalers to $9 billion from $5 billion, we’ll want to see AMAT lift that “more than 20%” figure.
And an interesting story about that table. I attempted to use Microsoft Excel’s Data from Picture function three times to recreate it, but each time Excel stalled out. Using Claude, I uploaded the image and asked it to convert it to an Excel table. Done in seconds.
Just saying…
Position: The Street Pro Portfolio is long AMAT shares.
Yikes!
New York lawmakers are planning a new tax on New York City homes purchased in cash for at least $1 million, according to people familiar with the state budget negotiations.
The lawmakers are also considering expanding the tax to all-cash purchases over $1 million in New York, including those in the suburbs and upstate, people familiar with the matter said.
Position: None
What Are the Odds (Part Deux)
Interactive Brokers Group ($IBKR) has launched a unified interface for trading prediction markets across three platforms — Kalshi, CME Group ($CME), and its subsidiary ForecastEx.
As it’s been explained, IBKR’s user interface aggregates similar contracts from all connected prediction market exchanges into one searchable interface, enabling users to trade contracts across all three prediction market exchanges from a single platform.
Per the company, its prediction markets will initially focus on election outcomes, climate events, and economic indicators.
Position: None
What Are the Odds?
Tema, one of a growing number of ETF providers offering funds that track thematic trends, has filed with the U.S. securities regulator to roll out a new exchange-traded vehicle offering exposure to prediction market platforms and the trading infrastructure that supports them.
The U.S. Securities and Exchange Commission is already considering whether or not to approve some two dozen ETFs by other firms seeking to repackage prediction market questions into a product investors can trade as easily as a stock, offering an alternative way to play the boom, in this space.
Per the filing by Tema, it plans to invest in publicly traded companies that are either prediction market platforms or trading companies. That likely means a mix of exchanges, brokerage firms, market-making companies, and potentially financial data providers.
I’m mixed on this, but it aligns with my “Guilty Pleasure” investment theme.
Position: None
Let’s Talk 13Fs
April 15th may be Tax Day but tomorrow, May 15, is the last day for companies to submit their 13F filings for the end of the March 2026 quarter.
Advanced Micro Devices’ ($AMD) 13F filing showed it owned 65,516 shares of Marvell ($MRVL) valued at roughly $6.5 million at the end of March. The filing also revealed AMD retained positions in Sanmina ($SANM), with 1.15 million shares, and ABSCI ($ABSI), where it held 5.71 million shares. In addition, AMD disclosed a new position in Xanadu Quantum Technologies ($XNDU) valued at approximately $1.5 million.
Amazon’s ($AMZN) recent filing earlier this month showed it held shares in Astera Lab ($ALAB), Beta Technologies ($BETA), Marvell ($MRVL), Nautilus Biotechnology ($NAUT), and Rivian (RIVN).
Looking at the SEC’s EDGAR website, Nvidia ($NVDA) has yet to post its 13F and in some respects that may be one of the more interesting ones.
The thing I wonder about is how many investors are tracking these public company investments when they think about their price targets and valuation framework. My gut say “probably not many” and that’s probably because against Amazon’s market cap near $2.9 trillion, its $2.66 billion investment in those five companies is peanuts.
It’s also interesting and confirming at the same time to see AMD and Amazon owning MRVL shares.
Boy I would love me some of those peanuts.
Position: The Street Pro Portfolio is long AMZN, MRVL, NVDA shares.