$INTC TOP 20
Added 2024-05-19 12:24:20 +0000 UTC$INTC is getting its bounce, as is $AMD and they are both following $NVDA and $TSM
Big week for the sector as $NVDA report after their earnings on Weds.
The vast majority of all earnings are now released, with all the big hitters out now too, only $NVDA left, it has the ability to disrupt the market but I can't imagine that their earnings will be too far away from the streets estimates.
It is worth considering that Druckenmiller has sold 71% of his $NVDA position leading up to earnings, so he possibly feels that the upside potential is now limited.
$INTC, $AMD and $TSM look to be in a strong position to benefit from a rotation out of $NVDA into more undervalued position in the same sector.
Comments
$TSM looks good with the kicker of benefitting from China/EEM turning around
Byron Tanigawa
2024-05-19 21:01:39 +0000 UTCAgree. NKE as well
Byron Tanigawa
2024-05-19 21:00:56 +0000 UTCSurprised this is in the top 20
Marty Austin
2024-05-19 15:18:25 +0000 UTC
