This Holding Comes Under Pressure Following Acquisition Report
We can see several reasons for a deal, but the real question is how much is Marvell willing to pay up?
7 Big-Name Funds Keep Circling the Same AI Stocks
From Brad Gerstner to Stanley Druckenmiller, these stocks keep appearing in the portfolios of some of Wall Street’s smartest tech investors.
Chip Selloff Keeps a Lid on Indices Despite Another Day of Broader Gains
Eight of 11 sectors rose and the Dow Jones Industrial Average gained for a third straight day, but another selloff in chipmakers kept the S&P 500 little changed and the Nasdaq in the red on the lightest volume of the year.
Upside, Downside Movers in the Morning
Upside
– $LPCN +40% (Health Canada approves TLANDO for testosterone replacement therapy)
– $APUS +9.4% (extends a high-volume rally tied to the BlockAssure agreement to build and operate the AssureChain insurance network)
– $PENG +4.3% (Q4 beat and FY27 sales and EPS outlook topped prior guidance and Street expectations on accelerating AI-infrastructure demand)
– CNQ +1.6%, APA +1.2%, OXY +1.0%, COP +1.0% (oil producers rise as crude climbs back above $100 a barrel)
Downside
– $CRBU -42% (launches a strategic-alternatives review, discontinues two allogeneic CAR-T programs and plans substantial workforce reductions)
– $BULL -30% (bipartisan House panel report says structural China ties pose national-security and US-user-data risks)
– $STM -5.4%, $TER -3.0%, $ASML -3.0%, $AMAT -2.7%, $LRCX -3.0%, $MU -2.8% (chip stocks fall in the risk-off technology tape as oil-driven inflation concerns pressure rate-sensitive growth shares)
– $BMNR -5.0%, $CRCL -4.0%, $MSTR -3.8%, $COIN -3.1%, $HOOD -3.0% (crypto-linked stocks fall as digital-asset prices weaken)
– $AAOI -4.8%, $CIEN -3.8%, $MTSI -3.0%, $COHR -3.2%, $GLW -3.3% (AI-networking and optical winners pull back after sharp recent rallies as technology exposure is reduced)
– $DB -4.7%, $SAN -4.2%, $HSBC -3.9%, $NWG -3.5%, $BCS -3.3% (European-bank ADRs fall as oil-driven inflation and sovereign-bond stress deepen fiscal concerns, with UK lenders also facing budget-tax fears)
– $STZ -3.9% (quarter beat, but adjusted FY guidance was merely reiterated and beer depletions declined)
– $BE -3.8%, $CEG -3.5%, $EME -1.9% (AI-power and data-center infrastructure winners give back part of recent gains amid the broader risk-off rotation)
Continued Broadening Lifts S&P 500 to First Record Since August
The S&P notched its first record close since August on a continued broadening as Treasury yields remained subdued. The Nasdaq added a second straight record, but small-caps gave up an early gain.
September Monthly Roundup: 5 Focus Areas as Portfolio Keeps Its YTD Lead
We raised cash early, put some back to work late in the month, locked in gains on Meta and kicked off our quarterly EPS All-Stars reconstitution.
Taking Stock of the Weakness in Seagate Technology
We’ll follow the EPS All-Stars rules and regulations, but here is what others are saying.
Why Fast AI Chips Still Have to Wait
Storage, networking and optical infrastructure may be less glamorous in the world of AI, but these 8 names keep the traffic moving.
Completing Our Quarterly EPS All-Stars Reconstitution With 8 Buys
We’re adding two new holdings to the Portfolio’s EPS growth-focused basket, and upsizing six others.
Kicking Off All-Stars Reconstitution By Exiting 2 Names
Setting the sun on two holdings as we get ready to bring two new ones into the basket.