Microsoft ($MSFT) was a pleasant surprise with growth at Azure accelerating.
Mets ($META) not so much.
We remain long $MSFT, Amazon ($AMZN) and Alphabet ($GOOGL) in the Mag 7.
More later…
Position: Long MSFT (S), AMZN (S), GOOGL (S)
The hawkish bloc is growing, and the rotation that was absorbing the damage reversed.
As the Fed decision sets up for a strong reaction, here’s what to watch. Plus, why IBD is at minimal market exposure while the Dow rallies.
Semis up, drugs down. The Either/Or market is undefeated. But maybe the Fed can help move the market.
The demand picture remains strong, but market conditions mean focusing on support levels.
Semiconductor stocks are selling off hard, a scary picture in a key week for earnings. But is the ‘China factor’ really to blame?
Yesterday was an extreme example of divergence within the market and in the tech space.
Memory and chips were an unmitigated disaster as the hyperscalers (e.g. $MSFT, $GOOGL) flourished.
Meanwhile, the consumer staples (defensive) ripped higher in a sea of market red.
I see Monday’s action as another example of potential market structure risks in which, in a market where so many worship at the altar of price, they all want to get in (and out!) at the same time.
Look out below?
Position: Long PEP (VS), KMB (VS), PG (VS), MSFT (VS), GOOGL (VS)
Four issues have arrived at the same time. But they are not the same problem. Here’s what to know.
Semiconductor weakness lifted the hyperscalers again while the market waits on the Fed.
Here’s why I’m long Microsoft and Amazon into crucial results this week.
