Bulls Run Wild
Pre-market briefing · Thursday, April 23, 2026

Portfolio

20 holdings. Tile colors reflect today's severity. Click any ticker for its full history.

Holdings
20
High severity
1
Medium severity
4
Market tone
Mixed / mildly risk-off
AMKR
Low
Amkor Technology
Hold. Revisit Monday pre-open.
AVGO
Bullish
Broadcom Inc.
Hold.
CLS
Medium
Celestica Inc.
Hold. Decide by Monday's close whether to hold through the print. Cloud segment commentary is the swing factor.
COHR
Bullish
Coherent Corp.
Hold.
FLEX
Low
Flex Ltd.
Hold.
FN
Low
Fabrinet
Hold.
GLW
Medium
Corning Inc.
Hold. Flag intensifies as we get to Monday/Tuesday. Trim ahead of print is reasonable if you wouldn't sit through a 10%+ gap on a guidance m…
IONQ
Low
IonQ Inc.
Hold.
LEU
Bullish
Centrus Energy
Hold.
LITE
Low
Lumentum Holdings
Hold. Re-flag next week closer to May 5 earnings.
MOD
Low
Modine Manufacturing
Hold.
MRVL
Bullish
Marvell Technology
Hold.
OKLO
Low
Oklo Inc.
Hold.
QBTS
Low
D-Wave Quantum
Hold.
QUBT
Low
Quantum Computing Inc.
Hold.
RGTI
Low
Rigetti Computing
Hold.
RIVN
Low
Rivian Automotive
Hold. Note Apr 30 earnings in calendar.
SCCO
High
Southern Copper Corporation
Watch closely. If comfortable holding through a potential 8–12% gap in either direction, hold through. Otherwise trimming ahead of close is …
UUUU
Bullish
Energy Fuels
Verify current price via brokerage before market open. If UUUU is trading near $14 (not near $21+), escalate to High for today. If near prio…
VRT
Medium
Vertiv Holdings
Hold. The beat-and-raise thesis is intact. Monitor intraday for stabilization signal.
Today's briefing

What's flagged & why

Summary

Broader Market

US Futures (Thu pre-open): Pulling back from record closes. S&P 500 closed at 7,137.90 (+1.05%) and Nasdaq at 24,657.57 (+1.64%) on Wednesday. Futures slipped overnight as President Trump said the Iran ceasefire remains in place indefinitely but Tehran indicated it won't engage in near-term negotiations. Oil rising.

Asia overnight: Nikkei 225 closed -0.75% at 59,140.23, after briefly touching an all-time intraday high of 60,014. Hang Seng -0.92%. Asia giving back some of the prior session's strength.

After-hours Wed that matters today:

  • TSLA: initially +3% on Q1 beat, then -3% after Musk said capex will rise "substantially" to fund AI/robots.
  • IBM -7%, ServiceNow -13% on soft guides. Software names under pressure.

Sector narratives:

  • Semis / AI infra — net constructive. Broadcom hit new ATH above $420 on expanded Google partnership through 2031. Marvell-Google MPU/TPU chip-design deal reported Apr 20 remains in the price. Intel earnings tonight are the next test.
  • Nuclear / uranium — continued strength. Apr 16 White House space-nuclear mandate + Apr 22 moves: LEU +12.03%, UUUU +7.94%, CCJ +6.88%. OKLO also firm.
  • Quantum — riding NVIDIA's quantum push. IONQ, QBTS, QUBT, RGTI have extended gains on the Nvidia read-through.
  • Copper — SCCO earnings tonight is the single biggest copper-sector event this week.

Flagged Holdings 5

SCCO Southern Copper
High

Earnings tonight after close + unresolved CEO succession.

  • Earnings release TONIGHT (Thu Apr 23) after market close — revised from our prior read that it was Friday. Analyst expectations: EPS $1.88 on revenue $3.96B. Prior quarter beat by $0.03.
  • CEO Oscar Gonzalez Rocha died suddenly; Leonardo Contreras Lerdo de Tejada appointed interim Apr 20. Permanent search underway.
  • Wells Fargo cut PT to $186 (from $192) on Apr 15.
  • Stock currently ~$187.71, up about 2.3% into the print.
  • Analyst sentiment skeptical — 14 Sells vs 3 Buys / 4 Holds.
Why:

Two volatility drivers stacked (leadership uncertainty + earnings print) within 24 hours. The binary nature of tonight's release combined with the unresolved succession raises the chance of a sharp gap. Copper macro is constructive but that's a medium-term argument; near-term is about headlines.

Recommendation: Watch closely. If position size is one you'd be comfortable with through an 8–12% gap, hold through. Otherwise, consider trimming into today's pre-earnings lift.
VRT Vertiv
Medium

Day-after continuation risk on a stretched-multiple name that sold -2.34% on a great print.

  • Q1 2026 report Wed: revenue $2.65B (+30% reported, +23% organic), adjusted op margin 20.8% (+430 bps YoY), adjusted op profit $551M (+64% YoY). FY guide raised.
  • Stock -2.34% yesterday despite the beat-and-raise — classic "priced for perfection" sell-on-news after +365% YoY run.
  • EMEA commentary drove the initial sell-off; hyperscaler demand thesis unchanged.
Why:

The headline fears from yesterday didn't materialize into continuation. The beat-and-raise quality was high. Some profit-taking risk remains but the thesis is intact and the setup is no longer acutely negative.

Recommendation: Hold. Watch for a second down day as confirmation of deeper re-rating; if today is flat/green, the dip was the shakeout.
CLS Celestica
Medium

Premium-valuation print Monday Apr 27 after close.

  • Earnings Mon Apr 27 after close — 2 trading days away.
  • Premium valuation: PE 55.7, P/B 20.9.
  • Strong fundamentals: 21% revenue growth, 75% NI growth.
  • Swing factor: cloud-segment guidance.
Why:

Same mechanic as last week's GLW setup — high-multiple name where the print has to extend the narrative to avoid profit-taking. Strong fundamentals reduce downside vs. pure-momentum names.

Recommendation: Hold. Decide ahead of Monday's close. Trim into strength is defensible if you wouldn't sit through a 10–15% gap.
GLW Corning
Medium

Earnings Tue Apr 28 before open — now 3 sessions away. Formally flagging today.

  • J.P. Morgan downgraded Apr 16: Overweight → Neutral, PT $115 → $175. Reason: "over 50x NTM earnings; execution and near-term uncertainties limit immediate upside."
  • BofA counters: PT raised to $186 (Buy, Apr 23).
  • Stock +8.43% premarket today on TXN AI data center strength and sector enthusiasm.
  • With GLW up ~306% YoY and at 50x+ earnings, the print must include accelerating AI/fiber commentary or risk a multiple compression sell-off.
Recommendation: Hold. Trim ahead of Apr 28 if you wouldn't sit through a 10%+ gap on a valuation-miss.
UUUU Energy Fuels
Medium

One data source shows recent close ~$14.21 vs prior read of $21.24 (Apr 17). If accurate, this is a ~33% decline from highs — material downside.

  • Nuclear sector broadly strong today (OKLO +8.08%, LEU +2%) — does NOT support a UUUU-specific crash.
  • FY2025 fundamentals remain strong (production beat, new long-term contracts).
  • The $14.21 figure is likely stale or from a different data period. Flagging for verification only.
Recommendation: Verify UUUU price at brokerage before open. If near $14, escalate to High. If near $20+, return to Low.

Bullish Catalysts 5

AVGO Broadcom (upgraded to bullish)
Bullish
  • Hit new ATH above $420 on confirmation Google-Broadcom chip partnership extends through 2031.
  • Fear of Marvell supplanting Broadcom proved overblown — Google building a mixed stack, not switching.
  • Approaching $2T market cap milestone.
  • Risk: profit-taking on any soft read from Intel tonight.
MRVL Marvell
Bullish
  • Google MPU/TPU chip-design deal (reported Apr 20) continues to lift. Added ~$5B in market cap. +6% from the initial report; currently testing a fresh record high.
  • Expect follow-on PT bumps from analysts over the next 1–2 sessions.
LEU Centrus Energy
Bullish
  • +12.03% Wednesday on space-nuclear mandate follow-through and Piketon HALEU expansion momentum.
  • Sector-wide lift (CCJ +6.88%, UUUU +7.94%) confirms thematic buying, not single-name.
UUUU Energy Fuels
Bullish
  • +7.94% Wednesday after beating 2025 production guidance and announcing new long-term sales deals with domestic nuclear operators.
  • Now above +20% threshold on the dashboard (first pill lit).
COHR Coherent
Bullish
  • Still carrying Citi PT raise to $420 (from $250) and Nvidia's $2B investment. Thesis intact.

Other Holdings 13

TickerSeverityNote
AMKRLowTXN analog +22% is positive for packaging. Earnings Apr 27 — flag that morning.
COHRLowTXN data center +90% validates demand. Earnings May 6.
FLEXLow+6.23% premarket on TXN beat. Industrial +30%, data center +90% are direct tailwinds.
FNLow+9.96% premarket. J.P. Morgan downgraded to Neutral (limited visibility) but market ignoring it today.
IONQLow+20.1% to $35.76 — still -13.6% below cost basis but recovering strongly.
LITELowDowngrade from Med: Dilution concern fading. TXN data center strong. Earnings May 5.
MODLowDatacenter cooling thesis intact. TXN data center +90% is supportive.
MRVLLowGoogle MPU/TPU deal momentum. Record high territory. TXN beat supportive.
OKLOLowPositive catalyst: DOE formally approved Nuclear Safety Design Agreement for Aurora Powerhouse at Idaho National Laboratory today. Material regulatory milestone. +8.08%
QBTSLow+15.8% to $16.97. Still -11% below cost basis. Quantum basket NVIDIA move.
QUBTLow+11.5% to $8.11. Near cost basis ($8.24). Basket move.
RGTILowDowngrade from Med: Yesterday's -6.87% was normal consolidation. Basket recovering strongly.
RIVNLowDowngrade from High: R2 production restarted Apr 22. Tornado risk resolved. Earnings Apr 30.

Outcome Tracking

Reviewing yesterday's flags (Apr 22 briefing):

  • VRT (High) — Prediction was "could extend the gap". Actual: -2.34% on the day, no continuation. Call was directionally right but not severe. Today downgrading to Med.
  • SCCO (High) — Prediction was "sharp move possible pre-earnings on CEO news". Actual: +2.3% into the print. No downward move materialized on CEO news alone. But: we had the earnings date wrong (Friday → Thursday), so the High flag was correct but the timing window was shorter than stated.
  • RIVN (High) — Prediction was "re-rating risk into Apr 30 earnings". Actual: positive catalyst (R2 production restart). Downgrading to Quiet. Flag was too bearish.
  • LITE (Med) — Yesterday's call was "watch for pre-market recovery or continuation". Actual: no major move. Call held.
  • RGTI (Med) — Yesterday's call was "mean reversion normal, escalate if basket joins". Actual: basket recovered strongly on Nvidia push. Call held.
  • GLW (Med) — Still on deck for Apr 28.
  • CLS (Med) — Still on deck for Apr 27.

Accuracy so far: 2 out of 3 High-severity calls yesterday were too bearish (VRT, RIVN). SCCO High was right on thesis but wrong on timing window. Consider tightening the High bar to "imminent + asymmetric downside" going forward.

Market Addendum

TXN Q1 2026 Earnings Beat (reported after close Apr 22): Revenue $4.83B (+19% YoY), EPS $1.68 (+31%), data center +90% YoY, industrial +30% YoY. Stock +10% premarket. Q2 guide $5.0–5.4B (beats consensus). This is the most significant AI infrastructure demand signal of the week — confirms spending acceleration across hyperscalers. Direct positive read-through for: AVGO, MRVL, AMKR, FLEX, CLS, VRT, MOD, COHR, FN.

OKLO DOE Milestone: U.S. DOE formally approved Nuclear Safety Design Agreement for Oklo's Aurora Powerhouse at Idaho National Laboratory. This is a required pre-construction authorization step. Stock +8.08%.

Run Notes

  • Scheduled task first automated run: Prior briefing was created manually. This run completed all 20 per-stock log entries and updates to the daily briefing, artifact, and Gmail draft.
  • Price data: Egress proxy still restricting direct Yahoo/MarketWatch quotes. WebSearch used as primary signal source. Prices marked as approximate where specific sourcing unavailable. Broker verification recommended for UUUU, SCCO, VRT before open.
  • UUUU price conflict: One source shows ~$14.21 (possible recent close); prior records show $21.24 (Apr 17). Nuclear sector context does not support that gap — likely a data source issue. Verify at brokerage.
  • SCCO earnings date confirmed: Tonight after close (not Friday as Apr 22 entry stated). High flag remains appropriate.
  • Gmail: Draft created to oliver.roberts@gmail.com. Not auto-sent per config.
  • Artifact: Updated with today's date, severity tiles, and pill highlights.
Personal journal, not advice. Bulls Run Wild is a private commentary site by and for one investor. Positions, cost bases, and recommendations reflect one person's opinions at a point in time and are frequently wrong. Do your own diligence before trading.