BLUE CHIP DAILY TREND REPORT
TECHNICAL AND TREND ANALYSIS OF GLOBAL FINANCIAL MARKETS
bluechipdaily.com
5/14/26
Notes for: Making Money with Charles Payne
OUR PROCESS:
Larry Tentarelli is the Chief Technical Strategist and Founder of Blue Chip Daily Trend Report. Larry follows a disciplined technical, trend following process with a target holding period for new positions of 6-12 months. We focus on leading stocks in leading sectors with a preference for breakout trends and high sales and earnings growth.
OVERVIEW
– We remain bullish on the S&P 500 (SPX) for the remainder of 2026, with SPX making a new record high yesterday.
– We upgraded SPX to buy on 4/1/26, just off the lows and made a 10% allocation buy in SPY that day.
We have a major performance lead vs SPY YTD.
Our top ranked sectors and themes are:
-Technology (optical, memory and semiconductors)
-Industrials
– Select miners (diversified miners, rare earth)
BIGGEST POTENTIAL RISKS TO U.S. MARKETS
- Inflation is still above the Fed target and with an above forecast CPI and PPI this week, at some point, inflation could become a market headwind. At this point however, it has not been.
- Any change in the Fed Stance on rate cuts.
- Any re-escalation in the U.S./Iran war
- A series of slowing economic data and/or labor market weakness.
Best Ideas
CIENA CORP. (CIEN)
– CIEN is an optical networking leader. They engage in the provision of hardware, software, and services to network operators, as well as enabling enhanced network capacity, service delivery, and automation.
– We believe that CIEN is a must own stock in optical, along with GLW, COHR, LITE and NOK.
– Optical networking has been a top ranked theme for us in 2026.
– The stock is locked in an uptrend over 5 rising daily moving average and it made a new multi-year high this week.
– Last quarter, CIEN reported 33% revenue growth and 130% EPS growth.
– The analyst consensus is for EPS growth is +133% this year.
– We have a long position in $CIEN from 359.39. (screenshot below)
TAIWAN SEMICONDUCTOR (TSM)
– TSM is a global leader in semiconductor manufacturing, with over 90% of the market for advanced chips. Their biggest customers include Nvidia, Apple, Broadcom and ADM, among many others.
– Semiconductors have been a top ranked theme for us in 2026,
– The stock is in an uptrend over 5 rising daily moving averages and made new record highs last week.
– TSM is a great proxy for the semiconductor industry as they have over 500 clients, mostly in semis.
– Last quarter, TSM reported 40% revenue growth and 64% EPS growth.
– The analyst consensus is for EPS growth is +48% this year.
– We have a long position in TSM from 186.63.
GOLDMAN SACHS GROUP (GS)
– GS is a global leader in investment banking and financial services.
– The stock is in an uptrend over 5 rising daily moving averages and is less than 2% below new record highs.
– Last quarter, GS reported 8% revenue growth and 24% EPS growth.
– The analyst consensus is for EPS growth is +15% this year.
– We have a long position in GS from 925.56.
ELI LILY & CO (LLY)
– LLY is a global leader in pharmaceuticals and healthcare.
– LLY is the largest healthcare company in the world, by market cap.
– This is a recovery idea, not a confirmed breakout uptrend yet.
– The stock is trading over 5 daily MAs, 3 are rising, including the long-term 200-day MA.
– Last quarter, LLY reported 55% revenue growth and 156% EPS growth.
– The analyst consensus is for EPS growth is +50% this year.
– We have a long position in LLY from 995.32.
OTHER IDEAS THAT I AM BULLISH ON AND CAN DISCUSS, IF CHARLES WANTS TO:
CrowdStrike (CRWD)
Micron (MU)
Western Digital (WDC)
Nvidia (NVDA)
Corning (GLW)
Lumentum (LITE)
Bitcoin
DISCLOSURES: We have long positions in CIEN, TSM, GS and LLY stock. Also, CRWD, MU, WDC, NVDA, GLW, LITE.
Larry Tentarelli
Chief Technical Strategist and Founder
Blue Chip Daily Trend Report
Disclaimer – Blue Chip Daily Trend Report