· AMD appears poised to trade above $15/share. Hold or accumulate. $AMD, Advanced Micro Devices, Inc. / H1 · Micron Technology (MU) held $30/share and could resume its move back to $32 – and then $35. · MSFT is trending lower ahead of its earnings report next week. Breakout or breakdown? Neutral. · Financials are succumbing to profit-taking: get ready for an entry point in JPM, GS, WFC, C, BAC. · Oil stocks are not pleased Saudi Arabia is breaking the agreement and outputting more than it should. Hold XOM, BP only. · VALE, FCX, CLF are on watch. Vale is at a 6-month high. Cyclical stocks were out of favor and are inexpensive. $VALE, VALE S.A. / H1 · SNAP fell as its underwriter, threw the stock under the bus. MS downgraded SNAP stock. · Rite Aid (RAD) will fall below $2 soon – end of the week. $RAD, Rite Aid Corporation / H1 · Arena Pharmaceuticals (ARNA) reported strong phase 2 results. The stock soared. New management is doing something right. Could the stock rally to the $1 billion cap, up from the $300M mark? SGYP, HZNP, ACAD, and SRPT are better bets. · Valeant Pharma (VRX) backed down from $18 but announced an earnings report date for August. Accumulate · In retail, Macy’s and Under Armour (UA) are breaking down. $UAA, Under Armour, Inc. / H1 Consider taking profits in Zynga. The gamers are leaving Titans after the latest update. The game got worse as the company pushes users to pay to play. $ZNGA, Zynga Inc. / H1