PUT IN WORK (7/27/2026)

We’re back with another issue! Last week was another choppy one, with tech once again taking most of the pressure. By Friday’s close, the Nasdaq (QQQ) ended the week down 1.6%, while the S&P 500 (SPY) finished down 0.6%. Earnings, oil prices, and rate concerns all played a role, making it a fairly busy week.

Monday started the week lower as stocks failed to hold onto early gains. The Nasdaq ended flat, while the S&P 500 slipped a bit lower as oil prices rose with Iran tensions, and investors stayed cautious heading into a big week of earnings from names like Alphabet (GOOG) and Tesla (TSLA). That said, chip and memory stocks did manage to recover a bit after their recent weakness.

Tuesday brought the week’s strongest rebound. The Nasdaq rose 1.3%, and the S&P 500 climbed 0.9%, helped by a sharp bounce in chip and memory names. Micron (MU), Sandisk (SNDK), Western Digital (WDC), and Seagate (STX) all moved higher, while AMD (AMD), Intel (INTC), and Marvell (MRVL) also had strong sessions.

Wednesday slowed things down again as investors waited for big tech earnings after the bell. The Nasdaq fell 0.6%, while the S&P 500 ended slightly lower. Oil prices and Treasury yields both moved higher, which brought rate concerns back into focus.

Thursday was the roughest day of the week. Stocks sold off sharply after Alphabet and Tesla both fell following earnings. Tesla sank after reporting weaker-than-expected profit, while Alphabet dropped despite solid results as investors focused on its increased spending plans.

Friday wrapped things up with another mixed session. The S&P 500 finished slightly higher, but the Nasdaq fell once again as chip stocks slid. Sandisk and Micron were among the bigger losers, while Intel dropped despite reporting better-than-expected results. All in all, it was a difficult week for tech, and one that showed that investors are still quick to punish anything that looks even slightly uncertain.

(Nasdaq ETF (QQQ) price from July 2025 - 2026 — each candle is 1 week. Chart provided by tradingview.com.)

PORTFOLIO UPDATE

Our portfolio performed as expected once more, with the majority of our stocks shifting lower alongside the greater market, as our more volatile picks took heavier hits. We plan to hold steady and hold all currently owned stocks for the foreseeable future. As always, thank you for reading, and happy investing.