Simpson: Micron's earnings were impossible to ignore, with demand exceeding supply

Market Overview - The market has been primarily led by the "Magnificent Seven" tech companies for almost three years, but there are signs of broader market participation, particularly in financials, industrials, and AI-adjacent sectors [1][2] - The equal-weighted index is outperforming the S&P market cap-weighted index this month, indicating a shift in market dynamics [2] Company Performance - A recent earnings report showed a company achieving 57% year-over-year revenue growth and a staggering 167% year-over-year earnings per share growth, with guidance for the next quarter set at approximately $18.7 billion, nearly 30% above analyst expectations [4] - The cyclical nature of the chip industry is acknowledged, but the ongoing demand driven by AI is expected to sustain momentum in the stock [5] Transport Sector Insights - FedEx's recent earnings and its 2% dividend yield are viewed positively, with management's actions being recognized as impressive [6][7] - There is potential for FedEx and UPS to play significant roles in the evolving Amazon space, with improvements noted in their stock charts [7] Tariff Impact - Nike's results have been significantly affected by tariffs, but the overall impact of tariffs on retail companies appears to be less severe than initially anticipated [10][11] - The analysis of how tariffs affect stocks has become a new consideration in investment strategies [12]