PENG sits right where the AI factory trade meets memory: DELL and HPE breaking out is the AI factory trade in motion, and memory sentiment's waking back up with SNDK retesting its 50-day. PENG operates right at that intersection and is consolidating above its emas, so a bigger move higher wouldn't be a shock if both threads keep running. Watching for the breakout, not chasing it yet.
RKLB's print reaffirms it as the space sector's top pick: RKLB beat clean, revenue at $234.1M against a $230.9M estimate, up 62% YoY and nearly 17% QoQ, with Space Systems doing the heavy lifting at $189.5M. That's the kind of print that reaffirms the vertically-integrated thesis rather than needing a new one. Still the top pick in the sector on this read.
HLIT stop hit, redeploying into SAIL and FIVN: Got stopped out of the rest of HLIT today, disappointing after the earnings pop but that's the stop doing its job. Cash is probably rotating into SAIL if its earnings disappoint, and FIVN still looks buyable at these levels even after today's rally. Green is green, moving on.
Jobs, CPI, and now PPI all came in soft, rate-cut case building: Soft jobs report last week, soft CPI Wednesday, now a soft PPI Thursday too. Three soft prints in a row is a pattern, not noise, and it keeps building the case for the re-leveraging trade we've been watching into the Fed. Nothing new to do yet, just confirms the setup.
Retail sales could miss, but copper says the economy's still fine: Rebook data is hinting at a possible negative print on retail sales. The broader economy still looks strong though, propped up by aggressive government fiscal spend, and copper's probably the cleanest read on that strength right now. Watching copper more than the retail number itself.
AMPX may catch a tailwind as Fremont facility nears production: Details are unconfirmed on which components exactly, but this looks like a likely tailwind for AMPX with the Fremont facility about to go into domestic production. Nothing locked in yet, just a name to watch as that comes online.
Aion's data flags fintech as the most bullish sector: Aion's platform is calling fintech the most bullish sector right now, and the read is that's downstream of the market pricing out rate hike expectations off this week's soft inflation data. Gold didn't react the way you'd expect to that story, so the read isn't clean yet. Worth watching fintech names if the rate-cut repricing keeps going.
Aggregated and distilled by Two Sentence Traders. Not financial advice.
