Those investors who hold Costco because they believe in the retailer are not among friends when it comes to many of their fellow stockholders.
For now, they have achieved their objective, showing President Biden firmly who is in charge.
While chip stocks have outperformed in recent months, some still look intriguing as tech stocks in general sell off this week.
Follow Real Money's Wall Street Pros to receive real-time investing alerts
Already a Subscriber? Login