Peter Ahl @Wealthbystrategy: "💲 𝙔𝙏𝘿 𝙋𝙚𝙧𝙛𝙤𝙧𝙢𝙖𝙣𝙘𝙚: 𝟭𝟬,𝟬% 📈 𝙋𝙚𝙧𝙛𝙤𝙧𝙢𝙖𝙣𝙘𝙚..."

Sweden

💲 𝙔𝙏𝘿 𝙋𝙚𝙧𝙛𝙤𝙧𝙢𝙖𝙣𝙘𝙚: 𝟭𝟬,𝟬% 📈 𝙋𝙚𝙧𝙛𝙤𝙧𝙢𝙖𝙣𝙘𝙚 𝟮𝟬𝟮𝟱: 𝟭𝟰,𝟱% 🚀 𝙋𝙚𝙧𝙛𝙤𝙧𝙢𝙖𝙣𝙘𝙚 𝟮𝟬𝟮𝟰: 𝟰𝟮,𝟭% Risk-score 4/10. ______________________________________________ 𝙒𝙚𝙚𝙠𝙡𝙮 𝙧𝙚𝙥𝙤𝙧𝙩 𝙈𝙖𝙮 𝟭𝟴-𝟮𝟮, 𝟮𝟬𝟮𝟲 👇 💹 𝙊𝙫𝙚𝙧𝙖𝙡𝙡 𝙈𝙖𝙧𝙠𝙚𝙩 𝙊𝙪𝙩𝙡𝙤𝙤𝙠 The market remains supported by AI optimism and strong earnings, but higher bond yields, oil prices and inflation are now testing that optimism. 𝘼𝙛𝙩𝙚𝙧 𝙨𝙚𝙫𝙚𝙧𝙖𝙡 𝙧𝙚𝙘𝙤𝙧𝙙 𝙝𝙞𝙜𝙝𝙨, 𝙞𝙣𝙫𝙚𝙨𝙩𝙤𝙧𝙨 𝙗𝙚𝙘𝙖𝙢𝙚 𝙢𝙤𝙧𝙚 𝙘𝙖𝙪𝙩𝙞𝙤𝙪𝙨 𝙖𝙨 𝙏𝙧𝙚𝙖𝙨𝙪𝙧𝙮 𝙮𝙞𝙚𝙡𝙙𝙨 𝙢𝙤𝙫𝙚𝙙 𝙝𝙞𝙜𝙝𝙚𝙧 𝙖𝙣𝙙 𝙝𝙤𝙥𝙚𝙨 𝙛𝙤𝙧 𝙁𝙚𝙙 𝙧𝙖𝙩𝙚 𝙘𝙪𝙩𝙨 𝙛𝙖𝙙𝙚𝙙. 📊 𝙋𝙖𝙨𝙩 𝙒𝙚𝙚𝙠'𝙨 𝙈𝙖𝙧𝙠𝙚𝙩 𝘼𝙘𝙩𝙞𝙫𝙞𝙩𝙮 Stocks ended the week on a weaker note. On Friday, the Dow fell 1.1%, the S&P 500 declined 1.2%, and the Nasdaq lost 1.5%, mainly as investors took profits after a strong technology-led rally. Inflation data was hotter than expected, oil prices remained elevated, and geopolitical risks continued to weigh on sentiment. 𝙁𝙤𝙧 𝙣𝙤𝙬, 𝙩𝙝𝙚 𝙠𝙚𝙮 𝙦𝙪𝙚𝙨𝙩𝙞𝙤𝙣 𝙞𝙨 𝙬𝙝𝙚𝙩𝙝𝙚𝙧 𝙚𝙖𝙧𝙣𝙞𝙣𝙜𝙨 𝙨𝙩𝙧𝙚𝙣𝙜𝙩𝙝 𝙘𝙖𝙣 𝙘𝙤𝙣𝙩𝙞𝙣𝙪𝙚 𝙩𝙤 𝙤𝙛𝙛𝙨𝙚𝙩 𝙥𝙧𝙚𝙨𝙨𝙪𝙧𝙚 𝙛𝙧𝙤𝙢 𝙧𝙖𝙩𝙚𝙨 𝙖𝙣𝙙 𝙚𝙣𝙚𝙧𝙜𝙮 𝙥𝙧𝙞𝙘𝙚𝙨. 💼 𝙋𝙤𝙧𝙩𝙛𝙤𝙡𝙞𝙤 𝘼𝙘𝙩𝙞𝙫𝙞𝙩𝙮 𝘿𝙪𝙧𝙞𝙣𝙜 𝙡𝙖𝙨𝙩 𝙬𝙚𝙚𝙠, 𝙄 𝙧𝙚𝙖𝙡𝙞𝙯𝙚𝙙 𝙥𝙧𝙤𝙛𝙞𝙩𝙨 in 𝙐𝙣𝙞𝙩𝙚𝙙 𝙎𝙩𝙖𝙩𝙚𝙨 𝙇𝙞𝙢𝙚 & 𝙈𝙞𝙣𝙚𝙧𝙖𝙡𝙨 ($𝙐𝙎𝙇𝙈), which was sold in full, and reduced part of our position ii $ANET (Arista Networks Inc) . In both cases, valuation had become somewhat stretched after strong share price performance. This also fits the broader market tone, where Friday’s weakness was most likely driven mainly by profit-taking after a strong period for many growth and technology stocks. Instead, I 𝙖𝙙𝙙𝙚𝙙 𝙩𝙤 𝙤𝙪𝙧 𝙥𝙤𝙨𝙞𝙩𝙞𝙤𝙣 in $MU (Micron Technology, Inc.) . Despite its strong recent share price performance, I still view Micron as attractively valued relative to current earnings and expected earnings over the coming years. The company remains well positioned in memory and AI-related demand, supporting my long-term view. Two of our holdings, Alibaba Group and BK Technologies, reported during last week. The $BABA (Alibaba-ADR) report was mixed, but the long-term investment case remains interesting. The company is still under pressure from heavy investments and a competitive Chinese consumer market. At the same time, its cloud and AI businesses are gaining momentum, with 𝘼𝙡𝙞𝙗𝙖𝙗𝙖’𝙨 𝘾𝙡𝙤𝙪𝙙 𝙄𝙣𝙩𝙚𝙡𝙡𝙞𝙜𝙚𝙣𝙘𝙚 𝙂𝙧𝙤𝙪𝙥 𝙜𝙧𝙤𝙬𝙞𝙣𝙜 𝟯𝟴% 𝙮𝙚𝙖𝙧 𝙤𝙫𝙚𝙧 𝙮𝙚𝙖𝙧, 𝙨𝙪𝙥𝙥𝙤𝙧𝙩𝙚𝙙 𝙗𝙮 𝙨𝙩𝙧𝙤𝙣𝙜 𝘼𝙄-𝙧𝙚𝙡𝙖𝙩𝙚𝙙 𝙙𝙚𝙢𝙖𝙣𝙙. The key point from here is whether Alibaba can turn this growth into stronger and more visible profitability over time. $BKTI (BK Technologies Corp) 𝙙𝙚𝙡𝙞𝙫𝙚𝙧𝙚𝙙 𝙖𝙣𝙤𝙩𝙝𝙚𝙧 𝙨𝙤𝙡𝙞𝙙 𝙦𝙪𝙖𝙧𝙩𝙚𝙧. Revenue increased by almost 12%, gross margin improved to above 50%, and the company ended the quarter with a record cash position and no debt. I like BKTI because it operates in mission-critical communication equipment for public safety and government customers, where reliability matters more than short-term trends. The company also continues to benefit from demand for its higher-margin BKR radio products. Overall, both reports support why these companies are in the portfolio, but in different ways: 𝘼𝙡𝙞𝙗𝙖𝙗𝙖 𝙤𝙛𝙛𝙚𝙧𝙨 𝙚𝙭𝙥𝙤𝙨𝙪𝙧𝙚 𝙩𝙤 𝙡𝙖𝙧𝙜𝙚-𝙨𝙘𝙖𝙡𝙚 𝘼𝙄 𝙖𝙣𝙙 𝙘𝙡𝙤𝙪𝙙 𝙜𝙧𝙤𝙬𝙩𝙝, while 𝘽𝙆 𝙏𝙚𝙘𝙝𝙣𝙤𝙡𝙤𝙜𝙞𝙚𝙨 𝙤𝙛𝙛𝙚𝙧𝙨 𝙥𝙧𝙤𝙛𝙞𝙩𝙖𝙗𝙡𝙚 𝙣𝙞𝙘𝙝𝙚 𝙜𝙧𝙤𝙬𝙩𝙝, 𝙨𝙩𝙧𝙤𝙣𝙜 𝙢𝙖𝙧𝙜𝙞𝙣𝙨 𝙖𝙣𝙙 𝙖 𝙨𝙤𝙡𝙞𝙙 𝙗𝙖𝙡𝙖𝙣𝙘𝙚 𝙨𝙝𝙚𝙚𝙩. This week, $NVDA (NVIDIA Corporation) and $DECK (Deckers Outdoor Corp) are scheduled to report. NVIDIA remains a key company in the global AI investment cycle, while Deckers will give useful insight into consumer demand and the strength of its premium footwear brands. 🔭 𝙏𝙝𝙚 𝙒𝙚𝙚𝙠 𝘼𝙝𝙚𝙖𝙙 NVIDIA’s report on Wednesday will be the main event and a major test for the AI trade. Investors will also watch Walmart, Target, Lowe’s, Home Depot and Deere for signs of consumer and industrial strength. Economic data is lighter, but housing updates, flash PMI data and Fed minutes may still influence the market. 𝙏𝙝𝙞𝙨 𝙬𝙚𝙚𝙠 𝙘𝙤𝙪𝙡𝙙 𝙨𝙝𝙤𝙬 𝙬𝙝𝙚𝙩𝙝𝙚𝙧 𝘼𝙄 𝙡𝙚𝙖𝙙𝙚𝙧𝙨𝙝𝙞𝙥 𝙧𝙚𝙢𝙖𝙞𝙣𝙨 𝙨𝙩𝙧𝙤𝙣𝙜 𝙚𝙣𝙤𝙪𝙜𝙝 𝙩𝙤 𝙘𝙖𝙧𝙧𝙮 𝙢𝙖𝙧𝙠𝙚𝙩𝙨 𝙩𝙝𝙧𝙤𝙪𝙜𝙝 𝙝𝙞𝙜𝙝𝙚𝙧-𝙧𝙖𝙩𝙚 𝙘𝙤𝙣𝙘𝙚𝙧𝙣𝙨. 𝙒𝙞𝙨𝙝𝙞𝙣𝙜 𝙮𝙤𝙪 𝙖 𝙥𝙧𝙤𝙨𝙥𝙚𝙧𝙤𝙪𝙨 𝙩𝙧𝙖𝙙𝙞𝙣𝙜 𝙬𝙚𝙚𝙠 𝙖𝙝𝙚𝙖𝙙! 👍

Not investment advice. The author may have financial interests in the mentioned instruments.