Marvell, Micron, Intel all up 5-6%. SMH up 3%. 87% of S&P earnings beat so far. Market's ignoring geopolitics and betting on earnings.
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Chip stocks are ripping this morning, and it's pulling futures higher. |
Semiconductors got smoked last week, and now they're bouncing hard. Marvell, Micron, Intel, Astera Labs all up 5-6% in pre-market. The SMH ETF is up over 3%. |
This is the rotation everyone's been watching. Tech took a beating. Now it's trying to reclaim leadership while the rest of the market digests earnings. |
Speaking of earnings, 87% of S&P 500 companies that have reported so far beat expectations. 3M and GM both crushed this morning. Alphabet, IBM, and Tesla report later this week. |
Oil's bouncing too, sitting above $84 on ceasefire rumors between the U.S. and Iran. |
The market's ignoring geopolitics again and betting on earnings. For now, that's working. |
Don goes live at 9:20 am ET to break it all down. |
Here’s the link to the live room. |
– The TheoTrade Team |
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