Micron Stock (MU)

* S&P EPS growth, that is…. The business media has been ecstatic about strong, aggregate S&P EPS growth – serving as the foundation of the bullish argument. But, take out Micron ($MU) and Nvidia’s ($NVDA) earnings, all the non recurring gains (in the hyperscalers) from unrealized investment gains coupled with the (one time) energy sector contributions …

* And fading it… I don’t own and am currently short (and have been recently short C, JPM, GS, MS, UBER, NFLX, homebuilders, etc.) some of the most consensus sectors. I am long some of the most non-consensus sectors. Consensus Longs: * Memory: SanDisk ($SNDK), Micron ($MU), Intel ($INTC), AMD ($AMD), Applied Materials ($AMAT) (“it’s different …

* On Apple’s margins and Micron’s average price realizations… you can’t have it both ways! Wait, the same panelists who own Micron ($MU) because “it’s different this time” are now arguing that the pressure from Micron’s high memory prices will be fleeting (so Apple’s ($AAPL) margins will mean revert higher as memory prices “normalize”)? That doesn’t compute …

In response to some subscriber emails I am maintaining a small portion of my high-beta, high-tech short package – including (but not restricted to ($SNDK), ($MU), ($CAT), ($INTC), ($AMD), ($AMAT), ($CRWV) etc.) Positions: Short Package VS (including stocks mentioned above)

I have taken in some of my SNDK and MU shorts: * SNDK ($SNDK) $1889 (-$141) * MU ($MU) $1008.50 (-$24) Positions: Short SNDK VS MU VS