Zacks Investment Ideas feature highlights Intel, Micron, Advanced Micro Devices, Sandisk and QQQ

For Immediate ReleaseChicago, IL – May 11, 2026 – Today, Zacks Investment Ideas feature highlights Intel INTC, Micron MU, Advanced Micro Devices AMD, Sandisk SNDK and Nasdaq 100 Index ETF QQQ.May Market View: From Fear to FrothInvestor Sentiment Has Reverted Fear to FrothIn my March 31st commentary,“Is the War Over? If so, Bears are Trapped,” I referenced several market extremes, specifically from an investor sentiment perspective. For instance, although the market had merely suffered a “garden variety” correction in terms of depth, investor protection soared with the put/call ratio surpassing that of the 2025 Tariff Tantrum.However, extremes have now shifted to the other end of the spectrum. For instance, on Thursday, the S&P 500 Index traded a staggering $2.6 trillion worth of notional call options yesterday, marking an all-time high and exhibiting investors’ euphoria and frothiness.Meanwhile, the frothy market sentiment is beginning to appear in the “CNN Fear & Greed Index.” In late March, the Fear & Greed Index flashed an “Extreme Fear” reading. However, just one month later and the CNN Fear & Greed Indicator suggests that investors have adopted a “Greed” mindset.Leading Stocks Reach Fibonacci TargetsFibonacci extensions are used by technical-oriented traders to project potential price targets. For stocks to reach the 4.236% Fibonacci extension, it is extremely rare and often represents a near-vertical or climactic move. This week, several leading technology stocks surpassed the 4.236% Fibonacci extension, including Intel, Micron, Advanced Micro Devices and Sandisk.While these stocks have had several consecutive green weeks and are going parabolic, it does not necessarily mean they have topped. That said, reaching such an extreme Fibonacci target does suggest that the risk-to-reward at these nose-bleed levels is simply not as optimal as it was a few weeks ago. Additionally, the Nasdaq 100 Index ETF is 14% above its 50-day moving average. Although such a powerful move is correlated with strong long-term performance, it does indicate that equity markets may be overheated in the short-term.Mid-Term Election SeasonalityHistorical seasonality patterns suggest that equity markets tend to encounter some pre-mid-term election volatility before resolving higher. With equity markets up several weeks in a row, some digestion would make sense at this juncture.Bottom LineInvestor sentiment, Fibonacci target levels, and simple gravity suggest that equity markets may be due for a well-deserved breather. That said, the recent price action suggests a shallow correction is likely and that markets may correct mostly over time rather than price.Why Haven't You Looked at Zacks' Top Stocks?Since 2000, our top stock-picking strategies have blown away the S&P's +7.7% average gain per year. Amazingly, they soared with average gains of +48.4%, +50.2% and +56.7% per year.Today you can access their live picks without cost or obligation.See Stocks Free >>Media ContactZacks Investment Research800-767-3771 ext. 9339support@zacks.comhttps://www.zacks.comPast performance is no guarantee of future results. Inherent in any investment is the potential for loss. This material is being provided for informational purposes only and nothing herein constitutes investment, legal, accounting or tax advice, or a recommendation to buy, sell or hold a security. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. It should not be assumed that any investments in securities, companies, sectors or markets identified and described were or will be profitable. All information is current as of the date of herein and is subject to change without notice. Any views or opinions expressed may not reflect those of the firm as a whole. Zacks Investment Research does not engage in investment banking, market making or asset management activities of any securities. These returns are from hypothetical portfolios consisting of stocks with Zacks Rank = 1 that were rebalanced monthly with zero transaction costs. These are not the returns of actual portfolios of stocks. The S&P 500 is an unmanaged index. Visit https://www.zacks.com/performance for information about the performance numbers displayed in this press release.Beyond Nvidia: AI's Second Wave Is HereThe AI revolution has already minted millionaires. But the stocks everyone knows about aren't likely to keep delivering the biggest profits. AI’s second wave is moving from infrastructure to implementation and these companies are at the forefront of this transition, positioned to become what Amazon and Google were to the internet era.See Stocks Now >>This article originally published on Zacks Investment Research (zacks.com).Zacks Investment ResearchWeiter zum vollständigen Artikel bei Zacks Weiter zum vollständigen Artikel bei Zacks