Happy Tuesday. A quick heads up on a few portfolio changes today.
This is designed to be a quick update where we will cover the changes, quick bull/bear scenarios, and the full current portfolio at the end. Then Friday I’ll send the full weekly review with more thoughts and analysis on the stocks.
I added to Micron (MU) at $819.77, taking the position to roughly 19% of the portfolio. Memory stocks are in the middle of a sharp two-day selloff, with MU down more than 10% yesterday and again today, on fears around Chinese memory competition (the CXMT debut, progress on domestic chipmaking equipment) and a broader risk-off move in anything AI. None of that changes the thing that matters to me: Micron's high-bandwidth memory is sold out through 2026 and into 2027 on contracted pricing, and the Strategic Customer Agreements give real revenue visibility that past memory cycles never had. When a business I believe in gets cheaper on sentiment rather than broken fundamentals, I add. This is exactly that.
I also opened two small starter positions I plan to build over the next few months.