* On Apple’s margins and Micron’s average price realizations… you can’t have it both ways!
Wait, the same panelists who own Micron ($MU) because “it’s different this time” are now arguing that the pressure from Micron’s high memory prices will be fleeting (so Apple’s ($AAPL) margins will mean revert higher as memory prices “normalize”)?
That doesn’t compute and the arguments are not consistent.
Position: Short MU (VS)
It’s looking tough out there on several fronts, including on Iran, the storage/memory stocks like SanDisk and Seagate, and tech names like Intel.
The world’s largest chipmaker seemed to trigger a surprising stock selloff.
In response to some subscriber emails I am maintaining a small portion of my high-beta, high-tech short package – including (but not restricted to ($SNDK), ($MU), ($CAT), ($INTC), ($AMD), ($AMAT), ($CRWV) etc.)
Positions: Short Package VS (including stocks mentioned above)
Burry has been way off at times, but not always. How should investors interpret his latest call?
The semiconductor sector is under pressure again Tuesday morning following Samsung Electronics’ earnings news.
The high-energy semiconductors may be undergoing a correction.
Why I’m sticking to plan on memory stocks; also, let’s brace for the week ahead, check the markets’ charts, and interpret those jobs numbers.
The market looks tired on Monday morning, but there is some rebound in chip names.
These three names have shown little interest in rising with the rest of the market.
