Good morning,
Volatility is on the rise, and it’s starting to bubble up to the major indexes.
Whether or not the “either/or” market is becoming the “everything but” market will be a main topic in the upcoming editions of The Weekender and Monday Morning Playbook.
However, after focusing on the still-present risks in the Mag 7 and semiconductors in yesterday’s Overtime report, I want to start today by highlighting some stocks that are holding up relatively well.
This week, we’ll review:
Three AI plays that are quietly holding up
Energy, energy, energy
Still bullish materials charts
Two technical breakdowns in the Mag 7
Hot List updates
and more!
AI plays that are quietly holding up
How about an all-time high for Dell Technologies?
Holding up is an understatement. DELL broke out of a two-month base last week and is riding a 5-day winning streak.
Constructive flag formation for Arista Networks
Down less than 10% from all-time highs last month and holding an uptrend line that stretches back to early May.
Nebius Group has base+breakout potential
The last base breakout resulted in a 100% gain in just two months. A close above $275 would end the current one to the upside.
