Weekly prediction(s) recap:

$NVDA to $225 ✅
- Ran to $236.54 (+10%)

$TSLA to $450 ✅
- Ran to $453.40 (+7%)

$NOW to $100 ❌
- Ran to $96.67 (+6%)

$AMAT to $450 ❌
- Ran to $448.45 (-2%)

$ZS to $165 ❌
- Ran to $162.73 (+9%)

Overall I'm happy with my trades and predictions for the week. Have a great weekend friends!

RonnieV: Weekly prediction(s):

$NVDA to $225
$TSLA to $450
$NOW to $100
$AMAT to $450
$ZS to $165

🔮

Software stocks today:

$NOW +5.7%
$DDOG +28.2%
$IGV +3.6%
$ADBE +2.8%
$MSFT +2.4%
$PLTR +2.7%
$MSFT +2.8%
$CRM +3.2%

Semiconductor stocks today:

$MU -3.8%
$SNDK -7.1%
$AAOI -14%
$INTC -2.8%
$ARM -10%
$AMD -3.7%
$SMH -1.9%

I think everyone is really waiting for a Semis to Software rotation, but I’m not sure we easily get one…

Do I think software is cheap? Yes. The software names like $PLTR $APP $DDOG also proved great earnings.

Are the semiconductor names overextended? I mean, look at the charts. However, their earnings have also been INCREDIBLE.

It doesn’t feel YET like the market can have $SMH and $IGV rally together, I think the only reason $IGV is up is because $SMH is down.

But if they were to rally together…it would probably be net new capital coming into the broader market vs people selling their semis to buy software or selling software to buy semis.

Just one day, likely need much more data to see if a rotation is happening…

Are you buying software over semis here? Rotating? Adding on dips?

at what point does the SaaS selloff stop happening?

or if you are a software company, do you have to just demolish earnings to keep your premium?

this is the 5th time this year that $NOW is taking a meaningful decline but today it’s taking down all of software with it

getting exhausting but feels like the new normal for SaaS companies that arent showing explosive growth