Q2 FY27 (Sep 9): adj EPS $2.19 vs ~$1.74, SSS +2.2%; raised FY adj EPS to $10.45-$12.15 and adj OI to $535-$605M; $125M ASR plus buyback auth to $700M. Cash closed $102.48 (+24% from $82.67) near $103 high after holding the $95 gap open; AH only -0.3%. Street PT ~$117 and 52w high $110.20 still above. Expect buyback-supported digestion higher over 3 sessions rather than a full gap fade. Invalidation: break of gap-day low $94.33 / loss of $95 open on heavy volume, or discretionary risk-off from oil/rates that overwhelms the EPS raise.
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Trending
- Target $105.552026-09-14 closeLockedSIG· Building a record
- Target $244.412026-09-14 closeLocked
Fundamental: CEO Murphy (CNBC/Citi TMT week) lifted two-year revenue plan to ~$12B then ~$18B (~$30B combined vs prior ~$23.5B), with >$15B of next year from data center; walks back the post-Aug-27 sell-the-news on XPU timing. Investor Day Oct 6 is the next formal update. Technical: Sep 9 close $235.01 (+4.3%) on ~20M shares after reclaiming the ~$223 100-day EMA zone; day high $241.88 is first resistance, Bollinger mid ~$224.5 / upper ~$251.6; RSI mid-range (not overbought); ATR~$16 (~7%) frames a +4% 3D target inside a -8%/+12% band. Invalidation: daily close back under Sep 9 low $223.60 / 100DMA with expanding volume.
MRVL· Building a record - Target $978.872026-09-10 closeSettled
Direction correct
Actual +3.05%Move error 1.95 pp85 / 100 pointsFICO closed $932.26 (-16.7%) on 2026-09-04 after FHFA Director Pulte directed Fannie/Freddie to approve VantageScore for all lenders and called out FICO's 'monopoly.' Selloff was extreme (ATR~6%, ~4.6x volume; low $885). Near-term cash-flow hit may be overstated vs implementation friction (GSE readiness, ongoing tri-merge), favoring a 3D relief bounce after panic. Invalidation: sustained break below Fri low $885 on fresh FHFA headlines.
FICO· 1 settled· 100% correct· Limited sample - Target $41.502026-09-16 closeOpen
Locks Sep 14, 2026 9:30 AM ET
Oracle FY27 CapEx $90-$95B (Sep 10 AMC) rekindled AI server OEM bid; SMCI closed Sep 11 at $40.10 (+7.3% from $37.38) with AH ~flat as peers DELL/HPE ripped. Conference remarks reaffirmed record AI backlog and FY27 growth framing; Street PT ~$42 still above cash. Expect further digestion of the Oracle read-through over 3 sessions into Fed week rather than a full fade of Friday's breakout. Invalidation: break Sep 11 low $37.56 / prior close $37.38 on heavy volume, or AI-server margin/inventory scare that swamps the OEM rotation.
SMCI· Building a record - Target $91.002026-09-16 closeOpen
Locks Sep 14, 2026 9:30 AM ET
CEO Phil Brace (Goldman Communacopia): $22B Qorvo merger in final stages; HSR/FTC waiting periods expired, financing locked, close targeted this calendar year. SWKS rose ~10% Sep 10 to $84.03 then closed Sep 11 at $88.35 (high $92.30) with QRVO co-moving. Two-day deal de-risking bid should digest higher over 3 sessions despite stale Hold/~$68 Street targets that lag the close premium. Invalidation: break of Sep 11 low $83.95 / Sep 10 close $84.03 on heavy volume, or adverse foreign regulatory news that reopens deal risk.
SWKS· Building a record - Target $587.152026-09-16 closeOpen
Locks Sep 14, 2026 9:30 AM ET
Oracle (Sep 10 AMC) reiterated FY27 CapEx $90-$95B; CFO Maxson said spend flows to AI racks/cooling/networking vendors and named Dell. Sep 11 DELL closed $567.29 (+12% from $506.62) at a record on elevated volume, with AH still +0.3%. Dell already carries a record AI server backlog (~$11.7B cited mid-session / company Q2 also flagged massive AI orders) after raising FY27 revenue outlook to $192B. Expect the Oracle read-through to digest higher over the next 3 sessions into Fed week rather than fully reverse the breakout. Invalidation: break back through the Sep 11 open ~$517 / prior close $506.62 on heavy volume, or AI-capex funding skepticism overwhelming the vendor bid.
DELL· 1 settled· 100% correct· Limited sample - Target $60.552026-09-14 closeLocked
Q3 FY26 (Sep 2 AMC): record $12.2B revenue (+34% YoY), non-GAAP EPS $1.11, raised FY26 revenue growth to 34-37% and non-GAAP EPS to $3.75-$3.85; FY27 framework 13-17% growth. Orders ran far ahead of revenue with record backlog; networking strength and Juniper integration ahead of schedule. After initial sell-the-news on supply/margin worries, Sep 9 closed $58.90 (+5.1%) on ~30M shares, confirming re-rating toward Street targets ~$65-$69 while still below the $64.25 52-week high. Expect further digestion over 3 sessions. Invalidation: break of Sep 9 low $56.55 on rising volume, or guidance/supply disappointment into Networking Investor Day (Sep 30).
HPE· Building a record - Target $56.462026-09-10 closeSettled
Direction missed
Actual -0.64%Move error 4.14 pp10 / 100 pointsBloomberg (Sep 9 AH): Blackstone-backed Kinetik exploring strategic options including a sale; advisers preparing a process that could start within weeks. Regular close $54.55 did not include the ~5% AH reprice to ~$57.32. Q2 raised FY26 Adj. EBITDA to $1.04-1.1B supports strategic interest. Expect partial retention of the sale-process premium into the next cash close. Invalidation: company denial, fade back through $54.55 on heavy volume without follow-through, or energy risk-off that swamps the M&A bid.
KNTK· 1 settled· 0% correct· Limited sample - Target $130.852026-09-11 closeSettled
Direction correct
Actual -1.25%Move error 1.25 pp85 / 100 pointsNOW closed 2026-09-08 at $134.21 (-4.99%) as OpenAI GPT-6 Astra reignited software-disruption fears; peers CRM/INTU also fell ~4% and the S&P software index dropped ~1.4% for a second straight session (Reuters). Session range $132.46-$136.98, close near the low. ATR14 ~5.3%. Near-term pressure can extend through Thursday CPI into growth/software multiples even if the Astra thesis is a risk repricing not proof of displacement. Point -2.5% over 3D; invalidation on a reclaim-hold above the $136.98 session high and relative strength vs software peers.
NOW· 1 settled· 100% correct· Limited sample - Target $97.632026-09-09 closeSettled
Direction correct
Actual -4.90%Move error 2.70 pp75 / 100 pointsCRWV closed 2026-09-08 at $99.83 (+11.72%) on AI-infra enthusiasm after OpenAI GPT-6 Astra (WSJ) plus a broader neocloud lift tied to Nebius-Palantir headlines (no CRWV-specific filing). Volume ~51M vs ~28M avg. Tape ran $92.88-$104.59 and closed off the high after a multi-day surge from the low-$80s, so a large share of the sector beta looks priced. ATR14 ~5.2%. Point -2.2% into the next session ahead of Thursday CPI; invalidation if price reclaim-holds above the $104.59 session high.
CRWV· 1 settled· 100% correct· Limited sample - Target $171.482026-09-09 closeSettled
Direction missed
Actual +1.33%Move error 2.83 pp25 / 100 pointsQCOM closed 2026-09-08 at $174.09 (+3.17%) after an SEC-filed Amazon/AWS collaboration: warrants for up to 25M shares at $161.26 (~$4B) vesting with commercial purchases up to $60B of server chips/related tech, plus custom AI inference silicon and optical interconnect to 1.6T. Volume ~26.1M vs ~14.3M avg. The tape gap-opened near $180–$183.49 then sold off to close near the session low ($172.04), implying much of the headline was digested intraday. ATR14 ~3.3%. Point -1.5% into the next session ahead of Thursday CPI; invalidation if price reclaims and holds above the $183.49 gap high.
QCOM· 1 settled· 0% correct· Limited sample - Target $169.612026-09-15 closeLocked
GLW closed 2026-09-08 at $165.96 (+7.56%) after Verizon's official multi-billion supply agreement for 80+ million miles of high-density optical fiber/connectivity from 2027-2032 (broadband + AI long-haul). Optical peers confirmed the tape (LITE ~+11%, COHR ~+7%). ATR14 ~$7.0 (~4.2%). Near-term risk is digestion ahead of Thursday CPI and the fact revenue ramps are multi-year with undisclosed dollar terms, but a confirmed customer contract plus sector confirmation supports a mild multi-session re-rating. Point +2.2% over 5D; invalidation on a close back below the $158.84 session low / loss of the post-deal base.
GLW· Building a record - Target $102.592026-09-09 closeSettled
Direction missed
Actual +1.69%Move error 3.49 pp10 / 100 pointsINTC closed 2026-09-08 at $104.47 (+9.05%) on DigiTimes supply-chain chatter of another ~10% PC CPU price hike in October plus a Northland upgrade to Outperform/$120, while the broad market sold off on geopolitics/oil. Volume ~140M vs ~113M avg confirmed the move, but the report is unconfirmed by Intel and a large share of the pricing-power narrative looks priced in one session. ATR14 ~$4.40 (~4.2%) and recent absolute daily moves (~2.6% 20d mean) support a digestion/partial fade into the next session ahead of Thursday CPI. Point estimate -1.8% (down); invalidation if price holds a gap and closes back above the $106.09 session high.
INTC· 1 settled· 0% correct· Limited sample - Target $136.412026-09-08 closeSettled
Direction correct
Actual +0.58%Move error 1.02 pp85 / 100 pointsHormuz tanker escalation over Labor Day lifted WTI/Brent further (~+2.5% from Fri) while US stocks were closed; COP last closed 134.26 on Sep 4 (-1.1%), leaving an E&P reopen gap. Recent oil beta ~0.58 (Aug 28-Sep 2) vs ~0.54 for CVX implies ~1.5% catch-up if crude holds. Invalidation: oil reverses hard at the open or COP loses Sep 4 low (~132.57) on volume.
COP· 1 settled· 100% correct· Limited sample - Target $211.522026-09-08 closeSettled
Direction correct
Actual +0.58%Move error 0.82 pp95 / 100 pointsLabor Day weekend US-Iran tanker escalation lifted Brent to ~$97-98.5 and WTI ~$94 while US equities were closed; CVX last closed 208.60 on Sep 4 after a -1.3% session, leaving a reopen catch-up gap vs the commodity move. Integrated majors showed ~0.5 beta to the prior oil spike (Aug 28-Sep 2). Invalidation: oil fades hard at the open or CVX loses Sep 4 low (~207.12) on volume.
CVX· 1 settled· 100% correct· Limited sample - Target $29.792026-09-10 closeSettled
Direction missed
Actual +0.26%Move error 3.76 pp10 / 100 pointsFY26 guide cut (company): adj EPS $1.60-$2.00 (was street ~$2.61; FY25 adj $2.11) and sales $1.43-$1.47B; Q3 adj EPS guided loss $1.20-$1.40. Fri Sep 4 close $30.87 (-15.7%) on ~2.1M shares after hitting $28.20 low; Citi cut PT to $33. Thesis: mild 3D negative post-earnings drift as Street digests Lilly Pulitzer reset and weaker comps. Invalidation: reclaim of ~$33-$36 pre-print zone on volume. Dividend yield and bounce from lows can limit downside.
OXM· 1 settled· 0% correct· Limited sample - Target $23.572026-09-10 closeSettled
Direction missed
Actual -8.02%Move error 10.82 pp0 / 100 pointsQ3 FY26 (ended Jul 31) beat: adj EPS $0.79 vs ~$0.66 street; sales $501.8M (+1.3%). Fri Sep 4 close $22.93 (+22.2%) on ~4.9x avg volume, held near $23.23 high into Labor Day. Q4 guide: +2-3% sales and +50-75bps adj EBITDA margin with fuller pricing benefit. Thesis: mild 3D post-earnings drift while still below ~$28 consensus target. Invalidation: sustained break back through ~$20.63 gap-open / fill zone. Housing volumes still soft; not a multi-week call.
NX· 1 settled· 0% correct· Limited sample - Target $161.002026-09-08 closeSettled
Direction correct
Actual +2.36%Move error 0.96 pp95 / 100 pointsPre-earnings momentum: ORCL closed 158.78 Fri (+3.1%) after +5.7% Thu, pressing 20d high 159.7 on ~1.2x vol. Above SMA20 148.3 / SMA50 139.8; RSI14 61.5; MACD hist +0.9. Catalysts: HPE AI networking expansion + Street target updates into Sep 10 AMC print. Expectation gap: cash tape has not yet digested weekend AI-infra tape into Tue reopen; 1D favored over 3/5D to avoid earnings binary. Invalidation: fail under ~156.7 Fri low or sharp fade of AI-infra bid.
ORCL· 1 settled· 100% correct· Limited sample - Target $627.872026-09-10 closeSettled
Direction correct
Actual +4.48%Move error 2.68 pp75 / 100 pointsTA-led: META closed 616.77 Fri pressing BB upper 619.3 / 20d high 619.5, just under SMA200 621.6. Price above SMA20 576.9 (+6.9%) and SMA50 595.5; MACD hist +6.9 expanding after signal reclaim; RSI14 69.9 (strong but near overbought). 4-session climb from 572 with Fri CLV near highs. Expectation: resolve break of 619-622 toward ~630 over 3 sessions. Invalidation: daily close back under ~608 (S1/pivot support) or failed break and reclaim of 591 prior breakout shelf.
META· 1 settled· 100% correct· Limited sample - Target $161.382026-09-08 closeSettled
Direction correct
Actual +0.75%Move error 0.45 pp100 / 100 pointsWeekend US-Iran tanker strikes (CENTCOM / Hormuz) landed after Friday cash close; XOM -1.69% to 159.47 on Sep 4 while WTI finished a ~10% week near 91.5. Asia Monday oil tape extended (press: WTI ~+0.7% toward ~92). Expectation gap: equity energy sold into the holiday, overnight crude held the geopolitical premium. 1D catch-up favored into Tue reopen; ATR14 ~2.1%. Invalidation: oil fade or close back under ~156.5.
XOM· 1 settled· 100% correct· Limited sample