{"id":79356,"date":"2026-04-24T15:47:42","date_gmt":"2026-04-24T19:47:42","guid":{"rendered":"https:\/\/blog.t3live.com\/?p=79356"},"modified":"2026-04-24T15:49:01","modified_gmt":"2026-04-24T19:49:01","slug":"jr-romero-new-sandisk-price-target","status":"publish","type":"post","link":"https:\/\/blog.t3live.com\/2026\/04\/24\/jr-romero-new-sandisk-price-target\/","title":{"rendered":"SanDisk: New Price Target Unleashed"},"content":{"rendered":"<p>We survived a crazy week in the market, and we've got another one coming up!<\/p>\n<p>Now let's jump into what you really want to know:<\/p>\n<h2><strong>1. Semiconductor Madness Is On, and JR Has a New SNDK Price Target<\/strong><\/h2>\n<p>This market is all about semiconductors.<\/p>\n<p>The <strong>SMH<\/strong> ETF is up over 30% in April, led by monsters like:<\/p>\n<p><strong>Astera Labs<\/strong> (ALAB): +95%<br \/>\n<strong>Intel<\/strong> (INTC): +83%<br \/>\n<strong>AMD<\/strong> (AMD): +70%<br \/>\n<strong>Marvell<\/strong> <strong>Technology<\/strong> (MRVL): +65%<br \/>\n<strong>On<\/strong> <strong>Semiconductor<\/strong> (ON): +59%<\/p>\n<p>And <strong>SanDisk<\/strong> (SNDK), which is not in the SMH ETF, is up 56% to finally get past the $1,000 mark.<\/p>\n<p>Our own JR Romero predicted this in February:<\/p>\n<p><iframe title=\"SanDisk Is Going to $1,000\" width=\"500\" height=\"281\" src=\"https:\/\/www.youtube.com\/embed\/6-kORVSOfqk?feature=oembed\" frameborder=\"0\" allow=\"accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share\" referrerpolicy=\"strict-origin-when-cross-origin\" allowfullscreen><\/iframe><\/p>\n<p><strong>Now, JR sees SanDisk going to $1,298. <\/strong><\/p>\n<p>(we recorded a video this afternoon, but due to an error by yours truly, it was erased)<\/p>\n<p>SMH's RSI is now at 84+, so it looks overheated.<\/p>\n<p><img fetchpriority=\"high\" decoding=\"async\" class=\"alignnone size-full wp-image-79365\" src=\"https:\/\/blog.t3live.com\/wp-content\/uploads\/2026\/04\/Screenshot-2026-04-24-at-3.08.49-PM.png\" alt=\"\" width=\"932\" height=\"827\" srcset=\"https:\/\/blog.t3live.com\/wp-content\/uploads\/2026\/04\/Screenshot-2026-04-24-at-3.08.49-PM.png 932w, https:\/\/blog.t3live.com\/wp-content\/uploads\/2026\/04\/Screenshot-2026-04-24-at-3.08.49-PM-300x266.png 300w, https:\/\/blog.t3live.com\/wp-content\/uploads\/2026\/04\/Screenshot-2026-04-24-at-3.08.49-PM-150x133.png 150w, https:\/\/blog.t3live.com\/wp-content\/uploads\/2026\/04\/Screenshot-2026-04-24-at-3.08.49-PM-768x681.png 768w, https:\/\/blog.t3live.com\/wp-content\/uploads\/2026\/04\/Screenshot-2026-04-24-at-3.08.49-PM-80x71.png 80w, https:\/\/blog.t3live.com\/wp-content\/uploads\/2026\/04\/Screenshot-2026-04-24-at-3.08.49-PM-220x195.png 220w, https:\/\/blog.t3live.com\/wp-content\/uploads\/2026\/04\/Screenshot-2026-04-24-at-3.08.49-PM-113x100.png 113w, https:\/\/blog.t3live.com\/wp-content\/uploads\/2026\/04\/Screenshot-2026-04-24-at-3.08.49-PM-169x150.png 169w, https:\/\/blog.t3live.com\/wp-content\/uploads\/2026\/04\/Screenshot-2026-04-24-at-3.08.49-PM-268x238.png 268w, https:\/\/blog.t3live.com\/wp-content\/uploads\/2026\/04\/Screenshot-2026-04-24-at-3.08.49-PM-468x415.png 468w, https:\/\/blog.t3live.com\/wp-content\/uploads\/2026\/04\/Screenshot-2026-04-24-at-3.08.49-PM-549x487.png 549w, https:\/\/blog.t3live.com\/wp-content\/uploads\/2026\/04\/Screenshot-2026-04-24-at-3.08.49-PM-671x595.png 671w\" sizes=\"(max-width: 932px) 100vw, 932px\" \/><\/p>\n<p>But who wants to step in front of a freight train, especially ahead of a week where multiple tech giants may announce even more increases in capex spending.<\/p>\n<p>The fundamentals support the semis' huge move.<\/p>\n<p>According to FactSet, Semiconductor revenues are expected to grow by a whopping 51% this quarter.<\/p>\n<p>And earnings are expected to grow 98%.<\/p>\n<p>Speaking of earnings&#8230;<\/p>\n<h2><strong>2. Earnings Season Has Been Excellent<\/strong><\/h2>\n<p>According to FactSet, 28% of S&P 500 companies have reported Q1 earnings, and things are looking good.<\/p>\n<p>84% of reporting companies beat earnings forecasts, and 81% beat on revenues. Both are above historical norms.<\/p>\n<p>Analysts expected 13.1% growth at the start of Q1.<\/p>\n<p>Now it's tracking towards 15.1%.<\/p>\n<p>That number could push even higher given all the heavy-hitters yet to report like <strong>Alphabet<\/strong> (GOOGL), <strong>Apple<\/strong> (AAPL), <strong>Amazon<\/strong> (AMZN), and <strong>Nvidia<\/strong> (NVDA).<\/p>\n<p>Plus, while tech is a huge driver of the aggregate numbers, every single S&P sector is reporting higher-than-expected earnings and revenues.<\/p>\n<p><img decoding=\"async\" class=\"alignnone size-full wp-image-79360\" src=\"https:\/\/blog.t3live.com\/wp-content\/uploads\/2026\/04\/Screenshot-2026-04-24-at-2.50.51-PM.png\" alt=\"\" width=\"695\" height=\"842\" srcset=\"https:\/\/blog.t3live.com\/wp-content\/uploads\/2026\/04\/Screenshot-2026-04-24-at-2.50.51-PM.png 695w, https:\/\/blog.t3live.com\/wp-content\/uploads\/2026\/04\/Screenshot-2026-04-24-at-2.50.51-PM-248x300.png 248w, https:\/\/blog.t3live.com\/wp-content\/uploads\/2026\/04\/Screenshot-2026-04-24-at-2.50.51-PM-124x150.png 124w, https:\/\/blog.t3live.com\/wp-content\/uploads\/2026\/04\/Screenshot-2026-04-24-at-2.50.51-PM-66x80.png 66w, https:\/\/blog.t3live.com\/wp-content\/uploads\/2026\/04\/Screenshot-2026-04-24-at-2.50.51-PM-182x220.png 182w, https:\/\/blog.t3live.com\/wp-content\/uploads\/2026\/04\/Screenshot-2026-04-24-at-2.50.51-PM-83x100.png 83w, https:\/\/blog.t3live.com\/wp-content\/uploads\/2026\/04\/Screenshot-2026-04-24-at-2.50.51-PM-196x238.png 196w, https:\/\/blog.t3live.com\/wp-content\/uploads\/2026\/04\/Screenshot-2026-04-24-at-2.50.51-PM-343x415.png 343w, https:\/\/blog.t3live.com\/wp-content\/uploads\/2026\/04\/Screenshot-2026-04-24-at-2.50.51-PM-402x487.png 402w, https:\/\/blog.t3live.com\/wp-content\/uploads\/2026\/04\/Screenshot-2026-04-24-at-2.50.51-PM-491x595.png 491w\" sizes=\"(max-width: 695px) 100vw, 695px\" \/><\/p>\n<p>For example, we've seen monster results from the likes of <strong>GE Vernova<\/strong> (GEV), <strong>FedEx<\/strong> (FDX), <strong>Newmont<\/strong> (NEM), and <strong>Baker<\/strong> <strong>Hughes<\/strong> (BHI).<\/p>\n<h2>3. It's Time to Buckle Up<\/h2>\n<p>If you thought this week was wild, buckle up!<\/p>\n<p>Because we're about to get hit by:<\/p>\n<ul>\n<li>Rate Decisions from the FOMC, ECB, Bank of Japan, and Bank of England<\/li>\n<li>Earnings from tech giants <strong>Apple<\/strong> (AAPL), <strong>Alphabet<\/strong> (GOOGL), <strong>Microsoft<\/strong> (MSFT), <strong>Amazon<\/strong> (AMZN), <strong>Meta<\/strong> (META), <strong>Qualcomm<\/strong> (QCOM), <strong>SanDisk,<\/strong> and more<\/li>\n<li>Additional reports from <strong>Visa<\/strong> (V), <strong>Starbucks<\/strong> (SBUX), <strong>Robinhood<\/strong> (HOOD), <strong>Caterpillar<\/strong> (CAT), and <strong>Exxon<\/strong>\u00a0(XOM)<\/li>\n<\/ul>\n<p>And this doesn't even include what may happen in the Middle East!<\/p>\n<p>Here's the full calendar:<\/p>\n<p><img decoding=\"async\" class=\"alignnone size-full wp-image-79364\" src=\"https:\/\/blog.t3live.com\/wp-content\/uploads\/2026\/04\/T3-Live-Calendar-Earnings-Economics-2026-04-24.png\" alt=\"\" width=\"960\" height=\"1152\" srcset=\"https:\/\/blog.t3live.com\/wp-content\/uploads\/2026\/04\/T3-Live-Calendar-Earnings-Economics-2026-04-24.png 960w, https:\/\/blog.t3live.com\/wp-content\/uploads\/2026\/04\/T3-Live-Calendar-Earnings-Economics-2026-04-24-250x300.png 250w, https:\/\/blog.t3live.com\/wp-content\/uploads\/2026\/04\/T3-Live-Calendar-Earnings-Economics-2026-04-24-853x1024.png 853w, https:\/\/blog.t3live.com\/wp-content\/uploads\/2026\/04\/T3-Live-Calendar-Earnings-Economics-2026-04-24-125x150.png 125w, https:\/\/blog.t3live.com\/wp-content\/uploads\/2026\/04\/T3-Live-Calendar-Earnings-Economics-2026-04-24-768x922.png 768w, https:\/\/blog.t3live.com\/wp-content\/uploads\/2026\/04\/T3-Live-Calendar-Earnings-Economics-2026-04-24-67x80.png 67w, https:\/\/blog.t3live.com\/wp-content\/uploads\/2026\/04\/T3-Live-Calendar-Earnings-Economics-2026-04-24-183x220.png 183w, https:\/\/blog.t3live.com\/wp-content\/uploads\/2026\/04\/T3-Live-Calendar-Earnings-Economics-2026-04-24-83x100.png 83w, https:\/\/blog.t3live.com\/wp-content\/uploads\/2026\/04\/T3-Live-Calendar-Earnings-Economics-2026-04-24-198x238.png 198w, https:\/\/blog.t3live.com\/wp-content\/uploads\/2026\/04\/T3-Live-Calendar-Earnings-Economics-2026-04-24-346x415.png 346w, https:\/\/blog.t3live.com\/wp-content\/uploads\/2026\/04\/T3-Live-Calendar-Earnings-Economics-2026-04-24-406x487.png 406w, https:\/\/blog.t3live.com\/wp-content\/uploads\/2026\/04\/T3-Live-Calendar-Earnings-Economics-2026-04-24-496x595.png 496w\" sizes=\"(max-width: 960px) 100vw, 960px\" \/><\/p>\n<h2><strong>4. Traders Turned Bullish<\/strong><\/h2>\n<p>The latest AAII Sentiment Survey shows that 46.0% of investors are bullish for the next 6 months.<\/p>\n<p><img decoding=\"async\" src=\"https:\/\/pbs.twimg.com\/media\/HGmyBkjWYAAAiEo?format=png&name=900x900\" alt=\"Image\" \/><\/p>\n<p>This comes after 9 straight weeks of bearish readings.<\/p>\n<p>Meanwhile, CNN's Fear & Greed Index is at 66 showing modest greed. This is up from just 18 (extreme fear) one month ago.<\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"alignnone size-full wp-image-79357\" src=\"https:\/\/blog.t3live.com\/wp-content\/uploads\/2026\/04\/Screenshot-2026-04-24-at-2.26.07-PM.png\" alt=\"\" width=\"708\" height=\"519\" srcset=\"https:\/\/blog.t3live.com\/wp-content\/uploads\/2026\/04\/Screenshot-2026-04-24-at-2.26.07-PM.png 708w, https:\/\/blog.t3live.com\/wp-content\/uploads\/2026\/04\/Screenshot-2026-04-24-at-2.26.07-PM-300x220.png 300w, https:\/\/blog.t3live.com\/wp-content\/uploads\/2026\/04\/Screenshot-2026-04-24-at-2.26.07-PM-150x110.png 150w, https:\/\/blog.t3live.com\/wp-content\/uploads\/2026\/04\/Screenshot-2026-04-24-at-2.26.07-PM-80x59.png 80w, https:\/\/blog.t3live.com\/wp-content\/uploads\/2026\/04\/Screenshot-2026-04-24-at-2.26.07-PM-220x161.png 220w, https:\/\/blog.t3live.com\/wp-content\/uploads\/2026\/04\/Screenshot-2026-04-24-at-2.26.07-PM-136x100.png 136w, https:\/\/blog.t3live.com\/wp-content\/uploads\/2026\/04\/Screenshot-2026-04-24-at-2.26.07-PM-205x150.png 205w, https:\/\/blog.t3live.com\/wp-content\/uploads\/2026\/04\/Screenshot-2026-04-24-at-2.26.07-PM-325x238.png 325w, https:\/\/blog.t3live.com\/wp-content\/uploads\/2026\/04\/Screenshot-2026-04-24-at-2.26.07-PM-566x415.png 566w, https:\/\/blog.t3live.com\/wp-content\/uploads\/2026\/04\/Screenshot-2026-04-24-at-2.26.07-PM-664x487.png 664w\" sizes=\"(max-width: 708px) 100vw, 708px\" \/><\/p>\n<p>And as of Thursday's close, the CBOE Equity Put-Call ratio was just 0.51, which means low demand for put options.<\/p>\n<p>This doesn't mean investors and traders are euphoric.<\/p>\n<p>But all-time highs did cheer them up.<\/p>\n<h2><strong>5. Avis Was One for the Ages, and Animal Spirits Are Here<\/strong><\/h2>\n<p>This week saw the end of the greatest short squeeze of 2026.<\/p>\n<p>In <strong>Avis Budget Group<\/strong> (CAR).<\/p>\n<p>Yes, the car rental company.<\/p>\n<p>The stock went from $100 to $847 in a month.<\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"alignnone size-full wp-image-79367\" src=\"https:\/\/blog.t3live.com\/wp-content\/uploads\/2026\/04\/Screenshot-2026-04-24-at-3.25.09-PM.png\" alt=\"\" width=\"770\" height=\"532\" srcset=\"https:\/\/blog.t3live.com\/wp-content\/uploads\/2026\/04\/Screenshot-2026-04-24-at-3.25.09-PM.png 770w, https:\/\/blog.t3live.com\/wp-content\/uploads\/2026\/04\/Screenshot-2026-04-24-at-3.25.09-PM-300x207.png 300w, https:\/\/blog.t3live.com\/wp-content\/uploads\/2026\/04\/Screenshot-2026-04-24-at-3.25.09-PM-150x104.png 150w, https:\/\/blog.t3live.com\/wp-content\/uploads\/2026\/04\/Screenshot-2026-04-24-at-3.25.09-PM-768x531.png 768w, https:\/\/blog.t3live.com\/wp-content\/uploads\/2026\/04\/Screenshot-2026-04-24-at-3.25.09-PM-80x55.png 80w, https:\/\/blog.t3live.com\/wp-content\/uploads\/2026\/04\/Screenshot-2026-04-24-at-3.25.09-PM-220x152.png 220w, https:\/\/blog.t3live.com\/wp-content\/uploads\/2026\/04\/Screenshot-2026-04-24-at-3.25.09-PM-145x100.png 145w, https:\/\/blog.t3live.com\/wp-content\/uploads\/2026\/04\/Screenshot-2026-04-24-at-3.25.09-PM-217x150.png 217w, https:\/\/blog.t3live.com\/wp-content\/uploads\/2026\/04\/Screenshot-2026-04-24-at-3.25.09-PM-344x238.png 344w, https:\/\/blog.t3live.com\/wp-content\/uploads\/2026\/04\/Screenshot-2026-04-24-at-3.25.09-PM-601x415.png 601w, https:\/\/blog.t3live.com\/wp-content\/uploads\/2026\/04\/Screenshot-2026-04-24-at-3.25.09-PM-705x487.png 705w\" sizes=\"(max-width: 770px) 100vw, 770px\" \/><\/p>\n<p>And then it fell over $600 in two days.<\/p>\n<p>Not because the rental car market went wild.<\/p>\n<p>It's because <span style=\"text-decoration: underline;\"><strong><a href=\"https:\/\/finance.yahoo.com\/markets\/stocks\/article\/avis-stock-surges-again-bringing-monthly-gains-north-of-600-as-short-squeeze-risk-remains-high-134329801.html?guccounter=1&guce_referrer=aHR0cHM6Ly9uZXdzLmdvb2dsZS5jb20v&guce_referrer_sig=AQAAAJgPQCQF2ssLL_dAtMoj6AK0Eu9zIFEsGlN1DxtzhyM3rcTDKSo0Rrh7LnjkiacD68DF7vBgFcL-Gxy2SzgnB_LD-nuHREk8c3hw1XWVMqqUHN3WE8ubsJ4wuIjmtXThKwEg9TE8EQjzfVhvJ8K_6gEoFiTBcq1OFSDulTzxhxZ8\">Deutsche Bank discovered<\/a><\/strong><\/span> that two investors controlled 108% of shares through derivatives layered on top of normal share ownership.<\/p>\n<p>Momentum buyers piled in, which attracted more momentum.<\/p>\n<p>And more and more and more until there was no one left to buy.<\/p>\n<p>Then everyone hit the exit button at once.<\/p>\n<p>This looked like a more extreme version of <strong>Allbirds<\/strong> (BIRD), which had its own wild short squeeze after announcing a transition from sneakers to &#8220;AI compute infrastructure.&#8221;<\/p>\n<p>I wish I was making that up.<\/p>\n<p>But between Avis, Allbirds, and the semis, one thing's for sure.<\/p>\n<p>The animal spirits are alive.<\/p>\n<p>&nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>We survived a crazy week in the market, and we&#8217;ve got another one coming up! Now let&#8217;s jump into what you really want to know: 1. Semiconductor Madness Is On, and JR Has a New SNDK Price Target This market is all about semiconductors. The SMH ETF is up over 30% in April, led by monsters like: Astera Labs (ALAB): +95% Intel (INTC): +83% AMD (AMD): +70% Marvell Technology (MRVL): +65% On Semiconductor (ON): +59% And SanDisk (SNDK), which is not in the SMH ETF, is up 56% to finally get past the $1,000 mark. Our own JR Romero predicted this in February: Now, JR sees SanDisk going to $1,298. (we recorded a video this afternoon, but due to an error by yours truly, it was erased) SMH&#8217;s RSI is now at 84+, so it looks overheated. But who wants to step in front of a freight train, especially ahead of a week where multiple tech giants may announce even more increases in capex spending. The fundamentals support the semis&#8217; huge move. According to FactSet, Semiconductor revenues are expected to grow by a whopping 51% this quarter. And earnings are expected to grow 98%. Speaking of earnings&#8230; 2. Earnings Season Has Been Excellent According to FactSet, 28% of S&#038;P 500 companies have reported Q1 earnings, and things are looking good. 84% of reporting companies beat earnings forecasts, and 81% beat on revenues. Both are above historical norms. Analysts expected 13.1% growth at the start of Q1. Now it&#8217;s tracking towards 15.1%. That number could push even higher given all the heavy-hitters yet to report like Alphabet (GOOGL), Apple (AAPL), Amazon (AMZN), and Nvidia (NVDA). Plus, while tech is a huge driver of the aggregate numbers, every single S&#038;P sector is reporting higher-than-expected earnings and revenues. For example, we&#8217;ve seen monster results from the likes of GE Vernova (GEV), FedEx (FDX), Newmont (NEM), and Baker Hughes (BHI). 3. It&#8217;s Time to Buckle Up If you thought this week was wild, buckle up! Because we&#8217;re about to get hit by: Rate Decisions from the FOMC, ECB, Bank of Japan, and Bank of England Earnings from tech giants Apple (AAPL), Alphabet (GOOGL), Microsoft (MSFT), Amazon (AMZN), Meta (META), Qualcomm (QCOM), SanDisk, and more Additional reports from Visa (V), Starbucks (SBUX), Robinhood (HOOD), Caterpillar (CAT), and Exxon\u00a0(XOM) And this doesn&#8217;t even include what may happen in the Middle East! Here&#8217;s the full calendar: 4. Traders Turned Bullish The latest AAII Sentiment Survey shows that 46.0% of investors are bullish for the next 6 months. This comes after 9 straight weeks of bearish readings. Meanwhile, CNN&#8217;s Fear &#038; Greed Index is at 66 showing modest greed. This is up from just 18 (extreme fear) one month ago. And as of Thursday&#8217;s close, the CBOE Equity Put-Call ratio was just 0.51, which means low demand for put options. This doesn&#8217;t mean investors and traders are euphoric. But all-time highs did cheer them up. 5. Avis Was One for the Ages, and Animal Spirits Are Here This week saw the end of the greatest short squeeze of 2026. In Avis Budget Group (CAR). Yes, the car rental company. The stock went from $100 to $847 in a month. And then it fell over $600 in two days. Not because the rental car market went wild. It&#8217;s because Deutsche Bank discovered that two investors controlled 108% of shares through derivatives layered on top of normal share ownership. Momentum buyers piled in, which attracted more momentum. And more and more and more until there was no one left to buy. Then everyone hit the exit button at once. This looked like a more extreme version of Allbirds (BIRD), which had its own wild short squeeze after announcing a transition from sneakers to &#8220;AI compute infrastructure.&#8221; I wish I was making that up. But between Avis, Allbirds, and the semis, one thing&#8217;s for sure. The animal spirits are alive. &nbsp;<\/p>\n","protected":false},"author":2,"featured_media":67239,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2],"tags":[],"class_list":["post-79356","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-articles"],"_links":{"self":[{"href":"https:\/\/blog.t3live.com\/wp-json\/wp\/v2\/posts\/79356","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/blog.t3live.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/blog.t3live.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/blog.t3live.com\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/blog.t3live.com\/wp-json\/wp\/v2\/comments?post=79356"}],"version-history":[{"count":9,"href":"https:\/\/blog.t3live.com\/wp-json\/wp\/v2\/posts\/79356\/revisions"}],"predecessor-version":[{"id":79370,"href":"https:\/\/blog.t3live.com\/wp-json\/wp\/v2\/posts\/79356\/revisions\/79370"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/blog.t3live.com\/wp-json\/wp\/v2\/media\/67239"}],"wp:attachment":[{"href":"https:\/\/blog.t3live.com\/wp-json\/wp\/v2\/media?parent=79356"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/blog.t3live.com\/wp-json\/wp\/v2\/categories?post=79356"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/blog.t3live.com\/wp-json\/wp\/v2\/tags?post=79356"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}