AaronJe
06-16 07:40

Storage remains one of the cleanest momentum plus re-rating trades in the market right now, especially with earnings catalysts ahead.

$Western Digital(WDC)$  - pushing toward ATH momentum, re-rating on supply discipline and pricing power.

$Seagate Technology PLC(STX)$  - strong trend continuation, with institutional accumulation still visible.

$SanDisk Corp.(SNDK)$  - NAND cycle expansion, plus scarcity premium building in the price action.

All three are acting as if the market is still underpricing the duration of this cycle.

With $Micron Technology(MU)$  earnings next week, volatility could expand fast across the entire storage stack.

$Western Digital(WDC)$  - upside scenario to $850.

$Seagate Technology PLC(STX)$  - extension case to $1,250.

$SanDisk Corp.(SNDK)$  - momentum continuation path to $2,400.

Not calling tops here—the tape is still rewarding strength over valuation.

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