Buy Adobe (ADBE) on pullbacks after its Morgan Stanley downgrade dip, as the sell-off is seen as overdone.
Short Danaher (DHR) following its 14% post-earnings drop, as weak growth and a messy acquisition story suggest further downside.
Accumulate Apple (AAPL) on dips, with recent large purchases around $227 indicating high conviction.
Consider Biohaven (BHVN) for a pre-catalyst trade ahead of upcoming clinical readouts, but size for binary risk.
Active traders can scalp Micron (MU) swings around the $932 level, though rallies may quickly fade.

Semiconductors (Memory Stocks: Micron, SanDisk)

• Channel checks are described as "really good" or "better than they’ve ever been," underpinning a semiconductor rally. • The most actively traded names are Micron (MU), SanDisk (SNDK), SK Hynix, Tesla (TSLA), AMD (AMD), Marvell (MRVL), Nvidia (NVDA), and Intel (INTC). • Micron traded between the high $920s and $940s during the episode. The host notes a bullish sign when it holds around $932 without slipping further, and expresses surprise at how high it ran. He has a historical buy at $842.17 (1,000 shares) and suggests that active trading around these levels can be profitable. • SanDisk is viewed as a laggard – down 33% in the past month and “not wanting to rip.” The host holds 500 shares bought at $1,444.25 but seems less enthusiastic in the short term.

Takeaways

• Short-term trading opportunity: Micron’s intraday swings offer active traders chances to scalp profits, but be aware of potential fading after strong rallies. • SanDisk may be undervalued relative to the memory sector, but sentiment is cautious until it shows stronger price action. A long-term holding could benefit if memory demand remains strong. • The broader semiconductor strength provides a bullish backdrop, but watch for rotation out of recent gainers.

Adobe (ADBE)

• Morgan Stanley downgraded Adobe, prompting a dip. The host immediately called it a buy on the dip, stating “who’s selling because of a Morgan Stanley downgrade?” • He bought shares during the episode and noted they were already up a few dollars. He reiterated, “Still a buy, to be honest.” • He also mentioned that Adobe could trade flat on the day, suggesting a range-bound opportunity to accumulate.

Takeaways

• Adobe’s dip on an analyst downgrade is seen as a buying opportunity. The downgrade may be overblown, and the stock could quickly recover. • Consider accumulating on pullbacks, especially if software comes under broader market pressure. The host’s conviction is high.

Agios Pharmaceuticals (AGIO)

• Agios was down significantly earlier (possibly 20%), but by mid-episode it had “completely shrugged off” the move and was near flat. • The host bought Agios expecting a rebound, noting it “almost could trade flat on the day.” The position appears to be a short-term trade on the reversal.

Takeaways

• Agios shows resilience after a sharp sell-off; buying into weakness worked intraday. • If the stock continues to stabilize, it may present a swing-trade entry. However, the host doesn’t comment on fundamentals, so the move is purely price-action driven.

Biohaven (BHVN)

• The host explicitly says “I like Biohaven” and notes that readouts are coming soon. This implies anticipation of clinical data that could move the stock. • He also confirms a position in BioCryst (BCRX), saying “I still am in BCRX, correct?” indicating a basket of biotech plays.

Takeaways

• Biohaven is a pre-catalyst pharma play. The upcoming readout could be a binary event, so position size accordingly. • The host’s positive sentiment suggests he expects favorable news, but biotech catalysts carry high risk. It may be worth researching the specific drug candidate and its market potential.

Danaher (DHR) – Bearish

• Danaher was down 14% on bad earnings. The host called it “pretty bad” and after a quick model review labeled it “a mondo short.” • Key criticisms: “It’s not cheap. We’re a no grower.” He noted Danaher is highly acquisitive but struggles to create a coherent business and could “get cut in half.” • He shorted Danaher earlier in the session “just on vibes” and saw further downside.

Takeaways

• Danaher appears overvalued given its growth profile. The host sees significant further downside potential. • Shorting a large-cap like Danaher requires careful risk management, but the thesis is clear: lack of organic growth and a messy M&A story could lead to a re-rating. • Keep an eye on cash-flow generation and any buyback activity that might support the stock.

SpaceX (Private/IPO)

• The host is bearish in the near term because “everyone in the IPO needs to sell” and the business “isn’t that great.” He notes non-stop selling and calls it a stock “you can sell on strength.” • Long-term, he warns: “The problem with betting against Musk is that it’s usually not a good idea.” He believes Musk will win eventually.

Takeaways

• For investors with access to SpaceX shares (private market or post-IPO), near-term selling pressure may create a better entry if you believe in Musk’s long-term vision. • The host’s skepticism is tactical, not a verdict on the company’s ultimate potential. A strategy of selling into strength and later re-entering on weakness aligns with this view.

Apple (AAPL)

• The host bought Apple shares aggressively: 500 shares at $324.31, then another 1,000 shares at $227.80, and later 10,000 shares at $227.89 (cumulative position 11,000 shares, average $227.88). The price discrepancy may reflect two different trading days or a stock split context, but the action is clearly bullish. • He asks whether to sell and an assistant notes insufficient info to recommend selling. No sell orders were placed.

Takeaways

• Apple is being accumulated on dips. The host seems to view it as a core holding. • The large position size suggests high conviction. For investors, weakness in the Mag 7 may offer a chance to add Apple at attractive levels.

Palantir (PLTR)

• When asked for thoughts, the host replied: “I guess I’m bearish on Palantir. I don’t know. I’m not sure.” This is a tepid but negative lean.

Takeaways

• Avoid or approach with caution. The host doesn’t see a compelling bullish case. • If you hold, consider taking profits or hedging, as sentiment is turning cautious.

Agenus (AGEN)

• The host shorted Agenus (AGEN) twice during the episode: once earlier (possibly “covered McGann or her” – likely a mis-transcription of “covered Agen or her”) and again later, saying “shorting A-G-E-N again.”

Takeaways

• Agenus is viewed as a short candidate. The host is actively trading it from the short side. • Without fundamental details, this is a momentum short – meaning the stock may be under pressure. If you are long, consider risk management.

Other Mentions

• Coinbase (COIN) up 10% – the host noted the move with surprise but didn’t trade it. The crypto rally might be worth watching, but no conviction is expressed. • Archer Aviation (ACHR) rose on an “Andral deal.” The host simply observed the move, no opinion. • Halliburton (HAL) fell 7% on earnings; no action taken. • AMC (AMC) “continuing to run” but dismissed as insignificant relative to real companies. • Utz Brands (UTZ) – mentioned “getting taken over,” a potential M&A speculation, but no further details. Treat as unconfirmed chatter. • Thermo Fisher (TMO) – the host plans to look into it as a comparable to Danaher, so it may come up in a future episode. No current view.