Recap of US stock market trends on January 29

Software stocks were slaughtered; storage earnings reports exploded again, SNDK went crazy but WDC was weak; AAPL was ignored in the corner～

Today, the S&P and Nasdaq saw a V-shaped reversal. $S&P 500(.SPX.US) $NASDAQ-100(.NDX.US) 
In the morning session, led by Microsoft and other big tech stocks, the S&P fell 1.5% and the Nasdaq dropped over 2%;
later, other tech stocks recovered their losses, with only the software sector maintaining selling pressure, and the S&P closed slightly lower.

The overall market remains stable, with no major risks seen yet!

Storage
SNDK, up 17% after hours$Sandisk(SNDK.US) 
Revenue, profits, and next-quarter guidance significantly exceeded market expectations;
WDC, down 2.9% after hours$Western Digital(WDC.US) 
Revenue, profits, and next-quarter guidance slightly exceeded market expectations;
They moved in opposite directions, suggesting SNDK has the highest speculative heat in the sector, but where it will go is unclear.

MSFT$Microsoft(MSFT.US) 
Down 10%
The drop wasn’t just due to earnings—the entire software sector was sold off.
View unchanged: The bottom is here!
Wait for the decline to stop before entering;
If unsure, buy in batches, adding every 5%-10% drop.
Don’t expect an immediate rebound after buying—wait at least 1-2 quarters. If impatient, stay away.

PLTR$Palantir Tech(PLTR.US) 
The second-largest stock in the software sector, down 14% this year
Unlike Microsoft, PLTR is expensive, with a valuation ceiling of 50,
but its pre-earnings hype is always strong, and market enthusiasm is high.
Next week’s earnings will likely beat expectations again, but given the current capital outflow from the software sector, the risk is high if it doesn’t significantly outperform.

AAPL$Apple(AAPL.US) 
Up 0.5% after hours
Earnings slightly beat expectations, with no major news, so volatility was low.
View unchanged:
A reasonable entry is below 240, but buying Microsoft in batches now clearly offers higher returns.

I’m Pumpkin 🎃, your U.S. stock investment buddy. Long-term index tracker, focused on big tech, semiconductors, and leading stocks, bringing daily post-market recaps.
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