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
Chip-foundry market leader TSMC already gave impressive June sales numbers, but there’s plenty riding on guidance for the rest of the year.
Here’s how I’m handling my memory/storage trades as DRAM ETF, stocks like SanDisk take a hit; also let’s check Iran, the Fed and bank earnings.
It’s a choppy market that can slice, dice, and chop your portfolio. Here’s what I’m paying attention to.
Plus, TSM’s big June revenue, SK Hynix falls, Apple fights OpenAI and other headlines moving stocks this morning.
I am still short my high-beta, high-tech basket which includes these names (and others): Intel ($INTC), Micron ($MU), SanDisk ($SNDK), Applied Materials ($AMAT), Advanced Micro Devices ($AMD), Caterpillar ($CAT), CoreWeave ($CRWV).
Position: Short INTC (S), MU (S), SNDK (S), AMAT (S), AMD (S), CAT (S), CRWV (S).
Wall Street has turned negative on this software giant. Here’s why I’m willing to step in.
We locked in gains on three holdings, giving our cash levels a boost as the Q2 earnings season heats up.
Markets brush off fighting with Iran as Meta talks about making its own AI chips; South Korea’s SK Hynix lists on Nasdaq; I give a chart checkup on the market.
SK Hynix’s IPO pricing, Micron’s spending, Delta’s earnings, and other headlines are moving stocks this morning.
