I am covering some of my high-beta/high-tech positions in my short basket now:
* $CRWV $74.91 (-$5)
* $AMD $512.45 (-36)
* $MU $879.74 (-$104)
* $INTC $99.53 (-$8)
* $SNDK $1,498 (-$259)
* $AMAT $559.96 (-$36)
* $CAT $892.69 (-$41)
Position: Short CRWV (VS), AMD (VS), MU (VS), INTC (VS), SNDK (VS), AMAT (VS), CAT (VS)
While semiconductor stocks are the featured item, Apple is delivering the goods.
The imbalance and spastic relationship between memory/semis (weak) vis-à-vis hyperscalers (strong) continue today.
Like a baby splashing in a bathtub, the situation is changing daily.
Tough to evaluate and trade on an intraday basis.
I am long ($AMZN), ($GOOGL) and ($MSFT) and I am short a basket of semis and memory stocks (e.g ($MU) ($SNDK) ($INTC) ($AMD) ($AMAT).
Positions: Long AMZN VS GOOGL VS MSFT VS; short MU VS SNDK VS INTC VS AMD VS AMAT VS
Here’s how I’m handling my memory/storage trades as DRAM ETF, stocks like SanDisk take a hit; also let’s check Iran, the Fed and bank earnings.
It’s a choppy market that can slice, dice, and chop your portfolio. Here’s what I’m paying attention to.
SanDisk ($SNDK) is part of my high-beta, high-tech short basket.
At $1,714, the shares are now -$640 from their high of $2,354 achieved only three weeks ago.
Position: Short SNDK (VS)
I am still short my high-beta, high-tech basket which includes these names (and others): Intel ($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).
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.
Even as semiconductors continue to power the market higher, chip makers face a $1 trillion question.
Shares in the Korean semiconductor firm are set to list on Friday and raise a record amount for a company based outside of the U.S.
