AMD gets a "heck if we know rating" - Jan 22

$CLS $NVMI

Market

"We downgrade on valuation to 'a heck if we know' rating," wrote Northland Capital Markets analyst Gus Richard in a note on Monday. 😀 

Continuing its strength, even after a fade after a strong open

This market is very resilient as we have been mentioning for the last 2 weeks. Although the Gap up at open faded, it still closed positive.

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The Technology and Semiconductor sectors still remain positive and high

Apple $AAPL, $INTU doing well, but

Mid cap - > $2B to $10 B are out performing - $OPEN $UPST, $FSLY $IONQ $CVNA are showing relative strength.

Video of the day

Today’s video is on a semiconductor stock that reports earnings tomorrow - $ASML

Deep dive of the day

Today’s writeup is on Novavax a vaccine company. Small Cap

Good setups for swing

NVMI is going to hit all time highs at $149 and head up before earnings (Feb 15)

Watch CLS move to $36 - likely after earnings on Jan 29th