Diamonds and Dogs

5/6/24

The chip stocks are performing well today. Micron (MU) is up 5% lifting the group on an upgrade at Robert W. Baird with a $150 price target with meaningful upside earnings and opportunities going forward. Nvidia and AMD are both up 2% or more.

Apple (AAPL) is modestly lower after a big jump last week. Appl is lower as over the weekend, it was disclosed that Warren Buffett and Berkshire Hathaway sold 13% of their stake in Apple. However, the stock was a diamond on Friday up over 5% on better-than-expected earnings, a dividend hike and a huge $100 billion share buyback. One analyst upgraded the stock with a $225 price target.

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