We are now in the most widely favored and anticipated phase of the 4-year Presidential Cycle, often called "The Sweet Spot." From Q4 of the Midterm year through Q2 of the Pre-Election year, SPX has averaged an +18% gain and has a perfect track record of positive returns. $SPDR S&P 500 ETF Trust(SPY)$ $Invesco QQQ(QQQ)$ $Apple(AAPL)$ $NVIDIA(NVDA)$
$Micron Technology(MU)$ MU's execution has been pretty remarkable. Outside of NVDA, I can't think of anything like this recently. Maybe AAPL back in the day put up a similar run. It's an easy call for me to keep buying.
$Micron Technology(MU)$ MU generated 27% more GAAP income in the latest quarter than AAPL. NVDA is the only US company that made more money than MU. MU is guiding for 15% QOQ EPS growth. MU is clearly sandbagging. Three quarters of their 2027 revenue is already sold under short-term and long-term contracts. The earnings call implied that 50% of production is already spoken for. That remaining 50% will likely go for much more than the contracts currently signed.
$Microsoft(MSFT)$ Honestly, just let it rip. Upgrades and good news are there. The average semi would run 20%, but I'd settle for what we saw earlier. Holding it just under 500 feels kind of lame.
After the kind of flat price action we've seen over the last 12 months, $Microsoft(MSFT)$ looks like it could be the next one to start pushing higher again. It's worth remembering that just a few months back, the stock had gone nowhere for well over 5 years. There's still room for it to move higher, for longer.
$Apple(AAPL)$ I'm going to keep watching for an entry. Patience matters here, and the data will tell me when it makes sense. Discipline over emotion. Not financial advice.
$Apple(AAPL)$ Just 2% to 3% more to reach a $5T market cap. Likely to happen within the next several sessions. As of now it takes about 10% to overtake Nvidia. That seems likely once the Duo becomes available. I'm being optimistic, but I feel confident. Of course, Nvidia can easily do a dozen circular finance deals in a week and pull further away.
Most retail traders start walking away when the market stops being fun and losses pile up. That is exactly when the best opportunities tend to build, while everyone else loses interest. When the hype returns, the same crowd typically floods back just in time to buy near the top. Staying focused and patient matters here. $SPDR S&P 500 ETF Trust(SPY)$ $Invesco QQQ(QQQ)$ $NVIDIA(NVDA)$ $Apple(AAPL)$ $Microsoft(MSFT)$