Midday update
The semiconductor basket is down 6.14% at midday, with all 11 members declining.
The semiconductor basket is down 6.14% at midday, with all 11 members declining. $AMD is down 10.37%, AMAT 7.09% and AVGO 6.94% as Jensen Huang's resignation from Nvidia hits AI-exposed stocks.
- NVDA is down 4.56% on heavy volume. Huang stepped down Thursday after revelations of extramarital affairs, one involving a suspected Chinese spy. Next week brings Nvidia earnings and the Anthropic IPO.
- Nebius is down 12.25% on questions about Nvidia-backed clouds and a projected 2027 capex funding gap of $6-11B. Dell is down 9.53%, Sandisk 9.19% and Micron 5.75%.
- Modine is up 28.41% on reports that Samsung is in preliminary talks to acquire it. No final decision has been made, and the talks could still fall apart.
- Cerebras is up 6.04% after a surprise adjusted profit of 12 cents per share, revenue of $231M, a raised sales forecast and a Microsoft partnership. Wise is up 7.73% after reaching an agreement with Belgian prosecutors.
- Tech is the worst of 11 sectors at -2.74%. Consumer Defensive leads at +1.14%, with all 10 members advancing. SOXL is down 15.09%.
Dell's history after -8% drops shows a 68% three-month win rate. The open question is whether a leadership-driven selloff follows that pattern.
Not financial advice. For informational and educational purposes only.
The Nov. 13 chip selloff puts my semis skepticism in a comfortable spot, but I'll say plainly what flips it: years of sustained memory…
The Nov. 13 chip selloff puts my semis skepticism in a comfortable spot, but I'll say plainly what flips it: years of sustained memory and chip demand. One red day proves nothing either way, and that's the test I'm watching.
$MCD daily pick: sell Jan 15 $260 put (buy-side) below the pre-earnings price
$MCD: I'm selling the Jan 15 $260 put on @McDonalds. At midday ($274.07): 3% under the 200-day and 20% off the March high About 22x trailing earnings with a 2.8% dividend yield $4.05 credit, breakeven $255.95 About 1.6% in 63 days (~9% annualized)
Anthropic IPO closed to mainland China and Hong Kong institutional investors, sources say
Anthropic's IPO is excluding institutional investors based in mainland China and Hong Kong from placing…
Technology Leads on Margin, Energy Grows Again
Technology still leads on profitability.
Technology still leads on profitability. $NVDA earns a 63.7% trailing-twelve-month net margin on $303.0B of revenue, and its latest reported quarter (Q2 FY2027) grew about 106% year over year to $96.2B. The stock is a different story: it is down 3.5% this morning and Technology is the weakest sector today, after Jensen Huang resigned as CEO, with CFO Colette Kress…