$MU - Micron reported exceptional 1200% YoY revenue growth with CEO stating unlimited demand visibility. Despite semiconductor sector being crowded, Micron is a select name worth holding due to strong momentum and fundamentals.
$SYF - Synchrony Financial trading at attractive 8x earnings with growing elective health finance business targeting wealthy baby boomers. Part of emerging momentum in lower-end K-shaped economy recovery.
$DAL - Airlines showing strong performance driven by baby boomer travel spending, a reliable demographic trend.
$EXPE - Expedia trading at attractive 10x P/E with good earnings growth, benefiting from boomer travel spending and not yet disrupted by AI.
$HC - Healthcare sector at historical lows relative to S&P but gaining short-term momentum. Benefits from midterm year seasonality and potential Democratic House control improving Medicare Advantage funding rates.
$BIOTECH - Biotech sector showing strong momentum and harboring animal spirits. Host shifted from negative to positive view based on emerging momentum.
$LRCX - Lam Research positioned as CapEx receiver in semiconductor supply chain, benefiting from Micron's strong spending.
$ACMR - ACMR benefits as part of semiconductor CapEx supply chain receiving spending from Micron.
Bearish:
$SEMICONDUCTORS - Semiconductor sector is overcrowded and overpositioned, being the only sector not lagging S&P. Expected to underperform over next couple months despite select names having merit.