Amid Chip and Memory Bounce, This One Name Stands Out
While the SOX breaks down, this stock keeps holding up.
Taiwan Semi to Hike Prices, AMD Advances, Iran Fighting Expands
Here’s the latest on the war with Iran, threatened tariffs on Canada, and the semiconductors as AMD & Microsoft cozy up with Helios deal.
Oil Climbs; AMD Takes Stage; Google, Other Big Earnings on Tap
Iran fighting rages on; Advanced Micro Devices showcases at AI event; GM, Alphabet, IBM, Tesla, Lockheed Martin and American Express among names reporting.
Despite Semis Shock, the Market Remains Firmly Complacent
Do we bounce early and then go down again or do we just slide? That will tell traders a lot.
Taiwan Semi’s Higher Spending Is Spooking Markets. It Shouldn’t.
Here’s why the chip behemoth’s earnings should comfort semiconductor investors rather produce nervousness.
Covered My Short Basket!
I have just covered the balance of my high-beta, high-tech short basket for a large gain:
* $AMAT $569.74 (-$11)
* $AMD $504.44 (-$25)
* $CAT $889.10 (-$25)
* $CRWV $72.67 (-$5)
* $INTC $97.78 (-$5)
* $MU $850.75 (-$55)
* $SNDK $1440.64 (-$175)
Position: None
Tech Trade Gets Thorny; Hynix Hit; U.S. to Ramp Up Fight With Iran?
Here’s how I’m handle the tech trade as it gets tough; also, let’s check the latest with Iran, the semis and … some good news on inflationary data.
The Memory Rout
I am covering some of my high-beta/high-tech positions in my short basket now:
* $CRWV $74.91 (-$5)
* $AMD $512.45 (-36)
* $MU $879.74 (-$104)
* $INTC $99.53 (-$8)
* $SNDK $1,498 (-$259)
* $AMAT $559.96 (-$36)
* $CAT $892.69 (-$41)
Position: Short CRWV (VS), AMD (VS), MU (VS), INTC (VS), SNDK (VS), AMAT (VS), CAT (VS)
The Casino Is Open
The imbalance and spastic relationship between memory/semis (weak) vis-à-vis hyperscalers (strong) continue today.
Like a baby splashing in a bathtub, the situation is changing daily.
Tough to evaluate and trade on an intraday basis.
I am long ($AMZN), ($GOOGL) and ($MSFT) and I am short a basket of semis and memory stocks (e.g ($MU) ($SNDK) ($INTC) ($AMD) ($AMAT).
Positions: Long AMZN VS GOOGL VS MSFT VS; short MU VS SNDK VS INTC VS AMD VS AMAT VS
Holding My Nose and Taking a Quantum Leap of Faith on IBM
It’s looking ugly out there for ‘Big Blue,’ but here’s why I’m not ready to bail just yet.