Delta — Week of June 27, 2026
Market Overview
As of June 27, 2026, the major U.S. indices continue to show a mixed sentiment with the S&P 500 experiencing slight fluctuations while the Nasdaq remains on a bullish trajectory. The Federal Reserve's stance on interest rates remains a focal point, particularly as inflation data indicates a gradual cooling trend, leading to expectations of potential rate cuts later in the year. Market sentiment appears cautiously optimistic, driven by strong earnings reports from technology sectors, although some stocks are witnessing significant pullbacks, indicating volatility and profit-taking among investors.
Long Picks
Micron Technology Inc. MU
Technical Setup
MU is in a strong bullish uptrend, up ~293% YTD and ~807% over the past year. The stock broke out to an all-time high of $1,255 on June 25 following a massive Q3 earnings beat. The daily RSI is elevated but not yet overbought after the post-earnings pullback.
Fundamental Driver
MU reported a historic Q3 FY2026 on June 24: Revenue of $41.5B (+346% YoY), crushing estimates of $35.8B. The entire 2026 HBM supply is sold out under fixed-price contracts.
Analyst Detail
Micron is positioned as a critical player in the AI memory supercycle, with strong revenue visibility extending well into 2027. Analysts have raised targets significantly after the positive earnings report, suggesting a bullish outlook for the stock.
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Dell Technologies Inc. DELL
Technical Setup
DELL is in a powerful long-term uptrend, up ~228% YTD and ~222% over the past year. The stock has found support near the $385-395 zone after a recent pullback.
Fundamental Driver
DELL reported a blowout Q1 FY2027 on May 29: Revenue of $43.84B (+88% YoY) with strong AI server revenue growth.
Analyst Detail
Dell is a direct beneficiary of the enterprise AI infrastructure buildout, with a solid financial outlook and strong demand for AI-optimized servers. The recent pullback offers a compelling entry point for long-term investors.
CrowdStrike Holdings Inc. CRWD
Technical Setup
CRWD is in a strong bullish trend, recently breaking from a horizontal trend channel. The stock is currently forming a bull flag pattern, indicating further upside potential.
Fundamental Driver
CRWD reported strong earnings with significant ARR growth, positioning it well within the cybersecurity market.
Analyst Detail
CrowdStrike's innovative AI-native Falcon platform is rapidly gaining market share, and the upcoming stock split is anticipated to attract more retail investors. The bullish sentiment is expected to continue as the company expands its footprint in the AI-driven cybersecurity space.
Short Picks
Bloom Energy Corporation BE
Technical Setup
BE's stock recently plunged 27.1% from its all-time high, indicating a significant bearish trend. The RSI suggests the stock is in oversold territory.
Fundamental Driver
Despite strong revenue growth, the company's valuation remains extreme with a forward P/E of ~152x.
Analyst Detail
Bloom Energy is undergoing a major valuation correction following a parabolic rally. The recent crash signals potential further downside as market sentiment shifts amid increasing competition and execution risks.
ARM Holdings plc ARM
Technical Setup
ARM has experienced a significant decline from its all-time high, indicating a bearish trend. The stock is approaching critical support levels.
Fundamental Driver
The company is highly overvalued with extreme P/E ratios and recent downgrades from major analysts.
Analyst Detail
ARM's stock correction is likely to continue as the market reassesses its valuation relative to actual revenue growth, with several analysts predicting further downside. The company's high-profile partnerships may not justify its current market cap.