Naughty Flicks

Skip NavigationMarketsBusinessInvestingTechPolitics & PolicyVideoWatchlistInvesting ClubPROLivestreamMenu(See the video above for Jay’s complete chart breakdown.) Today we focus on of the most exciting and profitable sectors of 2026: DRAM . The memory stocks that are vital for building AI infrastructure. The top components within the sector continue to post record profits and huge backlogs. This week Samsung recorded record third-quarter profits , yet Wall Street shrugged. When it comes to memory stocks, after a phenomenal rally to start the year, the recent malaise is starting to look like an opportunity. Let’s break down the sector ETF in DRAM and then go into more detail about one of its largest components, also a top 10 market cap stock in the S & P 500. Technically there isn’t much price history to use as a guide since it launched on April 2 nd . Shares exploded higher by as much as 211% but retreated from those peaks and are starting to form an interesting baseline. When examining price action with limited trading days we use VWAP levels anchored to key moments. In this case we use the initial pricing from day one, its all-time high and its recent low for guidance. These AVWAP levels (Anchored Volume-Weighted Average Price) act as areas of interest where potential support and resistance levels can be applied. We see that price remains around both the all-time high AVWAP and the AWVAP from its inception as well as its 50-day moving average. This is bullish and identifies an area of support. MU YTD mountain Micron, YTD We want to add to or initiate positions at these levels. Use the AVWAP from the recent lows around $53 as a stop-loss to protect against a possible breakdown. The upside looks promising with targets of $63 well within reach and a break above that taking shares back to the low 70’s. Then I like to look under the hood at the components within the ETF that have solid risk/reward set-ups and that brings me to Micron . Micron remains one of the best performing stocks in the S & P 500 this year. Shares are up over 270% in 2026 but have gone nowhere since May. Jay Woods is the Chief Market Strategist at Freedom Capital Markets. DISCLOSURES : (None) All opinions expressed by the CNBC Pro contributors are solely their opinions and do not reflect the opinions of CNBC, or its parent company or affiliates, and may have been previously disseminated by them on television, radio, internet or another medium. THIS CONTENT IS PROVIDED FOR INFORMATIONAL PURPOSES ONLY AND DOES NOT CONSTITUTE FINANCIAL, INVESTMENT, TAX OR LEGAL ADVICE OR A RECOMMENDATION TO BUY ANY SECURITY OR OTHER FINANCIAL ASSET. THE CONTENT IS GENERAL IN NATURE AND DOES NOT REFLECT ANY INDIVIDUAL’S UNIQUE PERSONAL CIRCUMSTANCES. THE ABOVE CONTENT MIGHT NOT BE SUITABLE FOR YOUR PARTICULAR CIRCUMSTANCES. BEFORE MAKING ANY FINANCIAL DECISIONS, YOU SHOULD STRONGLY CONSIDER SEEKING ADVICE FROM YOUR OWN FINANCIAL OR INVESTMENT ADVISOR. Click here for the full disclaimer.Read More