Late Morning Breadth, Sectors and Movers
Breadth
S&P 500 Sectors
% Movers
Position: None
Nvidia Since Earnings
I believe Nvidia’s share price is down every day since its earnings release.
The stock is down another five beaners this morning.
More Tales From Nvidia: A Lesson on Valuations of Cyclical Equities (Issue #197!)
Position: None
I’m Tightly Trading Two Stocks While Protecting Gains
I’m reducing some positions, but adding this highly speculative, low-priced data center name.
More Covering
Covered some ($MS) at $197.45 and I am putting those shares back short out at $200.55.
Positions: Short MS M
Getting Bearish
I am increasingly bearish.
I just sold out the balance of my three staples longs:
* ($KMB) $101.92 (+$3.15)
* ($PEP) $148.21 (+$2.51)
* ($PG) $148.05 (+$5.01)
I plan to buy back these positions in a meaningful correction – if we ever get one!
Positions: None.
New Rocket Lab Price Target After Surge
Two of our small-cap aerospace plays are enjoying a federal up-spend.
Casino Covering
I covered this morning’s speculative package shorts (still there with what I started the day short, though!)
* ($MU) $917.99
* ($SNDK) $1576.55
* ($AMD) $494.12
From earlier today:
The Casino (Part Deux)
I (unemotionally) added to my speculative short package in premarket:
* (MU) $972.02
* (SNDK) $1,632.11
* (AMD) $515.09
Given the volatility I will remain very small in these trading short rentals.
Again, this is not for homegamers – I am just being transparent.
Positions: Short MU VS SNDK VS AMD VS
BY Doug Kass · May 27, 2026, 8:54 AM EDT