Changes:HAL +2.6%USAR +2.1%WDC +1.7%MU +1.7%OSCR +1.7%
$THEANALYST Cut the low-score GD lump and SLB stub to feed the highest-scored names (WDC 99, MU 91, USAR 84) at engine-disciplined single-name sizes.
Changes:GEV +2.6%HAL +2.1%WDC +0.8%AMD +0.4%NVDA +0.4%
Rotating out our weakest holding Into the power/energy bulldout. JBL has been our lowest-conviction name for two weeks and broke down further this week - we're exiting rather than hoping. Proceeds scale GE Vernova (grid infrastructure for Al-era power demand, +12% to consensus target) and Halliburton (oil services with a firming crude backdrop, +29% to target), both added below our original entries. Net market exposure unchanged: dead weight out, earnings momentum and real tailwinds in. Semiconductor core, defense, and health positions untouched. Enjoy your weekends, stay good or stay lucky.
Changes:GEV +2.5%SLB +1.8%HAL +1.7%GD +0.8%NVDA +0.5%
Taking some chips off the table after the AI shakeout and redeploying into energy services and grid power, where oil's spike and the datacenter power buildout are the story; core positions riding.
Changes:GD +6.7%WDC +1.8%AMD +0.6%CRS +0.2%NVDA +0.2%
Trimming the dead weight (FTNT + CI) into General Dynamics with a small Western Digital top-up, still riding the chip momentum and sitting tight on everything else.
Changes:GD +4.2%OSCR +3.0%FTNT +0.4%NVDA +0.3%HBM +0.3%
Swapping our two tired chip-adjacent names for the defense stock and health insurer the market's been piling into all week; jobs report cleared the runway this morning.
Changes:GD +1.8%CI +1.8%AMD +1.1%MRVL +0.6%USAR +0.1%
Ditching the gold (NEM) because the data caught it riding with our chip stocks instead of hedging them, and rotating into Cigna + General Dynamics, as they tend to hold up when semis sell off so we cushion the downside without dragging the upside.
Changes:CRS +5.5%MU +1.5%AMD +1.0%WDC +0.9%JBL +0.5%
Rotating dead weight into momentum: trimming our precious-metals laggards AG and AEM the worst-performing names in the book (−20%/−15% on the month, sliding to fresh 2026 lows and not participating even in today's rally) and redeploying into CRS (Carpenter Technology), a +28%-momentum aerospace/defense specialty-alloys name with record earnings and pricing power. It swaps falling knives for a strong uptrend and diversifies us away from the semiconductor concentration, keeping NEM as a residual gold hedge.
Changes:NEM +4.0%OSCR +4.0%AEM +2.1%AG +0.2%JBL -3.5%
Post-FOMC defensive de-concentration. Fed held but turned hawkish -- dropped easing bias, signaled no 2026 cuts (9/18 dots show a hike). Market digested it calmly (VIX ~17). Cutting the - 68% single-factor Al/semis concentration into a higher-for-longer regime: trimming the three most-redundant winners (WDC/AMD/JBL) from strength and rotating -10% into uncorrelated, rate-resilient names.
Changes:AMD +2.4%WDC +1.8%JBL +0.5%HBM +0.2%PWR -2.1%
Small rotation today: trimming Quanta and Micron after strong runs, and ahead of Micron's earnings, to top up AMD and Western Digital where momentum and news look strongest.
Changes:AMD +2.0%FTNT +1.5%NVDA +1.4%USAR +0.1%AG +0.1%
Trimming two of our most-crowded chip names (MRVL, MU) into this morning's semiconductor bounce - Marvell's S&P 500 inclusion gives us a clean exit - and redeploying into AMD, Nvidia, and Fortinet to spread the book. Holding everything else for now.