E Market Briefing For Monday, Feb. 25

Investors sometimes disappointed with results they get in rear-view mirror earnings, or even solid reports that don't reflect the real future (that's always the issue with history), are asking for too much as regards 'immediacy'.  

As I've explained this past week, that's part of why any number of stocks ran up with 'hot money' speculation (last year and/or this year); then settled-into basing pattern ranges (more so than declines); as the fast-buck crowd went for the exits (impatient); and others stepped-up to the plate more quietly. It's a bit like happened with the 'cryptocurrency' / 'blockchain' bubble last year; a realization set-in that the former uses the latter; but the latter is actually the technology. And as some legitimization seems to be returning to the digital currency realm (not the usual suspects of last year), Semiconductor companies may benefit.

They are gradually shrugging-off inventories and decidedly bearish tone as suffered really around the time I warned from Berlin last August/September, with many cut in-half. I favored (and wrote-up) Advanced Micro Devices as a buy around 16-17; and continued avoiding competitor NVidia. Crypto ETF launches and a JP Morgan Chase 'coin' (which is 1-1 fiat) helps revive but likely does not ignite another ridiculous craze (like when I warned of Bitcoin at around 20,000 and reiterated when it was down to 14,000; and all the way down to now; with a base developing, but again a safer way to approach all this is with Blockchain computing).

Speaking to that Intel is doing a bit better; but not stellar. I must mention (as this is a more technology-oriented report given the market performing just in the way we outlined and expect to flow), that aside from 'not' being able to deliver 5G modems for iPhones in quantity in time for this year's upcoming model, there's more happening beyond Apple's reliance on Intel due to prolonged litigation with Qualcomm.

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