Simple Portfolio Checks Could Save You from Costly Mistakes

**SPEAKER_1** (0:01)
This is Invest Talk, from KPP Financial, helping investors make sense of the markets one day at a time. Here's your host, Justin Klein.

**Justin Klein** (0:16)
Good afternoon, fellow investors, and welcome back to Invest Talk. This is our Monday, July 13th, 2026 edition, and we are now into the second full trading week of the second half of the year. It means that we're moving forward, moving deep into summer. Hope everyone's having a fun summer, staying cool, hopefully, as well. But this show is not about the weather. It's about whether or not you're prepared for your retirement, or at least your path towards retirement, or whatever financial goals you might have. It may be buying a house, it may be paying for a kid's college, it may be paying for a kid's down payment on a home, whatever that might be. It's about making smart decisions with your money consistently. And you do that by having sound principles to start with, and then not allowing emotions to get the best of you, both in good times and bad.
Market's been up, especially last year, this year. A lot of times people look at this time and say, I need to take more risk. And maybe that's true. But also maybe you just have bad timing. Maybe you're allowing emotions to get the best of you. Just like when the market pulls back and you see a 10, 15% drop, a lot of people freak out and say, I'm taking too much risk. So it's very important to keep a level head. And our job here is to help you with that.
I'm Justin Klein, and I will throughout this hour give you actionable data, material and perspective, develop over 25 years of investment experience so that you can make smarter decisions with your money. I will also answer your finance and investment questions and that will be the main crux of this hour. So don't hesitate to reach out, whether that's VR number, 888-998-CHART, maybe you're sending us a message on our website or on our YouTube channel, maybe you're leaving us a review on iTunes, maybe you're just calling after hours and leaving your question on the Invest Talk voice bank. Either way, no matter what, we love hearing what you have to say. Now, in just a bit, we'll talk about today's Mark performance and run down the show topics. But as usual, we'll tackle this first caller question now.

**Greta** (2:34)
Hi, thanks for your show. This is Greta from Palm Desert and I have a question about Micron Technology looking to buy ticker MU Micron and just curious about your thoughts on the stock and getting in on it, thanks.

**Justin Klein** (2:49)
All right, looking at Micron, one of the big winners over the past couple of years. Supposed to earn $73 a share this year after making only $8.29 last year, actually losing money in 2023, lost $4 and change there. And then next year, supposed to earn $152.82. So based on forward looking earnings, it looks cheap. Now here's what you have to understand about Micron and all of these chip stocks. Historically, these are extremely cyclical businesses with huge boom and bust cycles. Now granted, this is probably the biggest boom cycle the chip industry or the memory industry. That's what this is, memory stock. The memory producers, the biggest boom they've ever had. Now what that could mean is there's more upside. It could very well mean that. But history says that they tend to build out more capacity when there are times like these. Eventually that capacity comes on across the industry, which means more supply, which means lower prices, which means lower margins, and then profits tend to fall. That's how this works. Memory, nobody cares what your memory is in your phone, in your laptop, in the AI data center that's crunching the, you know, running the model when you query ChatGBT or Claude or any of the other ones. So it's a commodity. And right now, there's not enough supply. So this is extremely risky. Once again, there can be more upside, understand that when the tie turns, this will drop 70, 80, 90% from a tie. That's the history of these names. Very well could go into a loss at some point in the next 10 years. So this isn't one of those buy and hold type of investments. It's one of those, okay, let's hold until maybe there's a shift in the tie. And then you'll know that really from the chart. Now, so far, the chart has pulled back a little bit from what's a little 1250 right now back down to 900 and chain and 37 or so at the close today. What I would say is you watch for the 100 day moving average break. To me, when that happens, that's when this is over, most likely. Meaning you go through, you're going through a more protracted long, long downtrend that's probably going to take the sub, who knows, 200 bucks. So it's a momentum play. If you're up for a momentum play, great, jump on board. But make sure you have an out because there's huge downside when the tide turns. But once again, could be another year or two before that happens. And we had a great show on Friday. We looked into the story about travel stocks and what the off season boom tells us about the consumer economy. Also answer questions, listener questions on TTM technologies. And if you happen to miss it, go check it out. The best way to get every show is to follow Invest Talk wherever you get your podcast. Now we have a lot of ground to cover over the next 45 minutes or so. Time permitting, we'll get to all of it. And our main focus point is about simple portfolio checks that could save you costly mistakes for the back half of 2026