Weekly Roundup: Oil, Yields and AI Jitters Make for a Choppy Climb
We added to one holding while our concern for higher energy prices starts to play out.
Things I Did Today
Here are today’s things:
* I added to $MSOS at $4.22 and $GLAS at $4.25 longs.
*I added to $PEP long at $125.87.
* I am reshorting $GRNY at $28.43.
* I added to my $NVDA short at $232.98.
Position: Long MSOS common (VL) and calls (S), PEP (M); Short GRNY (M), NVDA (S)
Nvidia Update
For the second day in a row a reversal from much higher to flat on the day – $NVDA.
We added, as I suggested, on the +$3.50 rally earlier.
Positions: Short NVDS S
Psst: These Two Biotech Plays Look Like Great Under-the-Radar Deals
Let’s check out two biopharma plays that scream ‘growth at a reasonable price.’
New AMD Price Target as Demand Pushes All-Time High
Advanced Micro Devices’ high expectations are justified by the chipmaker’s phenomenal growth.
More Tales From Nvidia: In the Real World Automation Is Tough (Issue #259!)
We remain short of Nvidia ($NVDA) (with a $237.15 cost basis). The shares were $6 lower and indicated higher this morning; I plan to add to my trading short rental in NVDA.
Fred Hickey is brilliant and an old acquaintance:
Positions: Short NVDA VS
OpenAI Revenue Report Sinks AI, but the Rest of the Market Holds Up
An FT report that OpenAI’s revenue is running notably below earlier estimates sent AI shares sharply lower, but beneath the surface most stocks held up as Treasury yields eased and President Trump said the U.S. won’t attack Iran before the midterms.
Why Are Asia’s Chipmakers Selling Down on Sunny Forecasts?
Share prices of the two biggest Asian companies by market cap are down despite optimistic updates. Here’s what investors should watch heading into earnings season.
Stocks Slip From Records But Pare Losses After Strong 10-Year Auction
Long-end yields again hit multi-decade highs before a historically strong 10-year auction pulled them back, letting large-caps pare losses.
Setting New Price Targets for Nvidia, S&P 500, Nasdaq Composite
Nvidia, the S&P 500, and the Nasdaq Composite are breaking out in unison.