The analyst is personally highly concentrated in photonics stocks and expects a rotation back into this theme, indicating a bullish stance on related stocks including AAOI, MU, and SNDK.
Markets rotate from bottleneck to bottleneck; memory stocks (SNDK, MU) were the focus recently, but the analyst expects a rotation back into photonics, which is their highest concentration theme.
@gurukid5995 Markets tend to rotate from bottleneck to bottleneck. Memory from $SNDK to $MU was the market's main focus this month, while optical names like $AAOI corrected. I think we'll see a rotation back into photonics eventually, it's personally my highest concentration theme.
| Horizon | Raw move | vs SPY |
|---|---|---|
| 1 day | +10.9% | +10.1% |
| 1 week | -14.9% | -16.3% |
| 1 month | -50.5% | -48.9% |
| 3 months | — | — |
| 6 months | — | — |