Delta — Week of June 14, 2026
Market Overview
As of June 14, 2026, the U.S. stock market is experiencing mixed performance with the S&P 500 and Nasdaq showing slight declines. Investors remain cautious amid ongoing concerns about inflation and potential interest rate hikes by the Federal Reserve. The overall market sentiment appears to be bearish as analysts are closely monitoring economic indicators, particularly inflation rates, which remain elevated, influencing expectations for Federal Reserve policy adjustments.
Long Picks
Broadcom Inc. AVGO
Technical Setup
AVGO is trading at $382.07 after a post-earnings pullback from its June 2 high of $495. The stock has a 200-day SMA of $358.10 providing strong support. The 50-day SMA of ~$405.76 sits above the 200-day SMA (golden cross intact), confirming the long-term bullish trend. The RSI(14) of ~41.4 is approaching oversold territory, suggesting the selling pressure is overdone.
Fundamental Driver
Broadcom reported Q2 FY2026 revenue of $22.19B (+48% YoY), beating estimates, with a strong Q3 guidance of $29.4B revenue (+84% YoY). The company is positioned well within the AI semiconductor market.
Analyst Detail
Core Long Argument: Broadcom is one of the most undervalued AI infrastructure plays. The stock sold off ~13% post-earnings despite beating estimates and raising guidance. However, $16B in AI semiconductor revenue (200%+ YoY growth) is staggering. The VMware acquisition is transforming the business model, leading to a compelling entry point at $382.
Micron Technology Inc. MU
Technical Setup
MU closed at $981.61, down slightly but showing strong momentum above key moving averages. Key support at $864 and immediate resistance at the all-time high of $1,089.
Fundamental Driver
Micron leads in High-Bandwidth Memory for AI applications, with unprecedented pricing power and revenue visibility.
Analyst Detail
Core Long Argument: Micron is the most direct beneficiary of the AI memory shortage. With supply sold out through 2027, Micron has significant growth potential ahead. The upcoming earnings report is expected to be a major catalyst.
Dell Technologies Inc. DELL
Technical Setup
DELL closed at $395.57, with healthy consolidation after a pullback from its all-time high. The stock is forming a potential cup-and-handle pattern.
Fundamental Driver
Dell's recent earnings exceeded expectations, with strong guidance for AI server revenue.
Analyst Detail
Core Long Argument: Dell is a key player in the AI infrastructure buildout, with strong demand for AI servers. The stock is positioned well for growth as the fundamental trajectory has improved.
Short Picks
CrowdStrike Holdings, Inc. CRWD
Technical Setup
CRWD has seen a decline from its all-time high with negative technical indicators and bearish sentiment.
Fundamental Driver
CrowdStrike's valuation is significantly high, and growth is decelerating.
Analyst Detail
Core Short Argument: CRWD is priced for perfection, and the upcoming stock split may signal a top. As competition in AI intensifies, the premium multiple is unsustainable.
Palantir Technologies Inc. PLTR
Technical Setup
PLTR has confirmed a bearish 'death cross', indicating further downside potential.
Fundamental Driver
Despite strong revenue growth, the stock's valuation is extreme and faces significant downside risks.
Analyst Detail
Core Short Argument: PLTR's valuation is extreme, and the recent technical patterns suggest further declines are likely as growth expectations may not be met.