$Advanced Micro Devices(AMD)$Pretty brutal recently, that's for sure. I'm thinking the market may yawn at even historically fast acceleration in growth (rev & profit) for AMD, and keep rotating away from the AI hype. It could be back to the old grind for AMD to prove strong profitability... If that's the case, it'll take a good old fashioned firing on all segments to push that narrative (with AI gravy on top).
$STMicroelectronics NV(STM)$ STM's outlook getting slashed for the second time is disappointing. They were banking on better industrial sales, but things didn't turn around as expected. With EV demand slowing in Europe too, it's no wonder they're feeling the squeeze. Hopefully, they can pivot and recover soon.
$Apple(AAPL)$AAPL sells at a 35PE and shows no real earnings growth to support that multiple. It’s second largest market, China, has new emerging lower cost competitors who are local . Why should financial engineering such as oversized buybacks be justification for an irrational multiple relative to earnings and earnings growth forecasts? Who can provide justification for a stock price move from $165 to current levels where AAPL shows no meaningful earnings growth? Don’t earnings and earnings growth prospects ultimately matter in determining reasonableness of a stock price? PS: I am not short the stock but do hold some put ratio spreads for 8/2 to reflect 8/1 earnings report on a small out of pocket cost basis. Good luck
$GameStop(GME)$I've successfully shorted GME's pumps three times now. We are honestly in a golden age of short selling with the advent of social media and meme stocks. All you have to do is wait for a nonsensical pump, and monitor to see when the hype train is exhausting itself, put in your short order and close after the price returns to normal. I know that sounds too good to be true, but it honestly is that easy.
$Palantir Technologies Inc.(PLTR)$I think your $18 range is a good estimate to consider adding to your position if you already have a nice size position. If you are looking to build the position, I would consider writing naked puts in the low $20s. Using a rinse and repeat approach could get you back in the high teens or low twenties. Just my two cents. Slow and steady! Good luck to you!
$Taiwan Semiconductor Manufacturing(TSM)$The sharp decline reflects a confluence of a sudden and expected rotation into small caps and resurgent geopolitical concerns due to nominee Trump's comments about charging Taipei for defense. The rotation will run its course and reverse, and the geopolitical panic will, as it always does, subside in the absence of actual action. The shares haven't declined enough to present a real buying opportunity, but this is certainly not the time to sell. Just ignore the market for a couple of weeks. Remember, there is really no competition in sight for 2nm chips, so the pricing power of TSM will be profound.
$NVIDIA Corp(NVDA)$I sold about 70% of my NVDA shares four weeks ago at $126. After about 4,900% gain, it's still my largest holding but at least if it goes CSCO on me (I was caught up in that debacle and learned a hard lesson), at least I've gotten most of my $$ out and while keeping some skin in the game. I know I'm not going to see another 4,900%. Luckily, it was all in an IRA so I'm not (yet) liable for any taxes on it.
$Advanced Micro Devices(AMD)$AMD will continue to drop until earnings, probably settling @ $160-$165 heading into earnings. It will pop if earnings are good, moving it to $185 by end of September, which it was where it was at last week. AMD will tank to $130-$140 by end of September if earnings are only in-line, and especially if forecast isn’t raised enthusiastically. Place your bets now. It’s literally 50/50 on what will happen on the earnings call in a couple weeks from now. With this recent price action it seems MMs think AMD will only deliver in-line earnings and won’t be raising forecast for the quarter(s) ahead. Prove me wrong.
$Micron Technology(MU)$pretty importance support for MU, If it cannot hold on the 50 dma which is 130.8, I think it will drop down to $121. By the way, I bought at 139 and looking for average down if it down to $121. We going to get a repeat of last week's high volatility? Be prepared. Fasten your seat belts (mentally) !
$Tesla Motors(TSLA)$ Tesla has no robotaxis on the road and Waymo and Cruise do. It's long been rumored that Tesla is way ahead of everyone but Tesla is one without the robotaxis on the road and with no regulatory license to be testing FSD on the road. Others do. Now maybe Tesla shocks everyone and announces a functional robotaxi on the road on October or maybe even announces that they are approved to sell level 5 self driving. But until they do, they are behind.