The problem with shorting (or buying indices) late in the day or in the evening — as I often do — is that the fate of the general market’s opening is determined by the overall movement memory stocks.
And to predict/guess the opening price of $MU, $SNDK, $AMAT, $AMD, $INTC is a “fool’s errand.”
The market has no memory from day to day.
Position: None
The market-share leader in High Bandwidth Memory chips is preparing the largest-ever listing on Wall Street for an Asian company. Is it a buy?
We like the rash of bank dividend increases, but remain focus on the engine driving them.
I’m heavily weighted in this one sector, while adding to one name on news.
Micron’s quarterly report could be among the best in the history of corporate America. But will we see a Hynix hiccup?
Not all of the semiconductor manufacturers are looking as good as Micron, however.
Micron’s blowout earnings, May PCE, Bank dividend announcements, and other headlines are moving stocks this morning.
Micron blows away expectations, boosting storage trade; banks pass stress test, Lockheed locks up defense deal and, wow, Wendy’s!
Micron surpassed elevated expectations, but the Mag 7 is paying a price.
