The creator likes Lumentum (LITE) due to Nvidia's $2 billion investment, indicating a strong backlog and shortage in the fiber optics and laser plate market.
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The creator identifies five stocks they are buying during a market downturn, highlighting Meta, Micron, S&P...
The creator identifies five stocks they are buying during a market downturn, highlighting Meta, Micron, S&P 500 ETF, Google, and Lumentum Holdings. They provide reasons for each pick, including recent price drops, technical patterns, and industry-specific demand.
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Tickers discussed in this post
The creator wants to add Google (GOOG) as it's down 20% from all-time highs and shows a bearish head and shoulders pattern with a target price around $250.
The creator is buying more Micron (MU) stock, seeing the current sell-off as excessive after a strong year, and believes the memory chip market has demand until 2028.
The creator is buying Meta (META) due to its significant drop from all-time highs and its entry into 'crash territory', indicating a belief in its recovery potential.