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.
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.
Payrolls missed every estimate, raising bets for an October FOMC hold, and the Nasdaq-100 powered to a record high. But Treasury yields reversed an early drop.
We’ll follow the EPS All-Stars rules and regulations, but here is what others are saying.
Storage, networking and optical infrastructure may be less glamorous in the world of AI, but these 8 names keep the traffic moving.
– AMOD +108.5% (closed a bitcoin-funded private placement and regained Nasdaq listing compliance)
– NIVF +40.0% (closed an approximately $1.25M public offering)
– SDEV +36.0% (extends Thursday’s surge in the SKY-token treasury name; no clear fresh company-specific catalyst identified)
– TNMG +20.0% (agreed to sell its Japanese business in a $5.5M management buyout)
– $SYNA +15.0%, ON +8.0% (revised merger makes ON’s acquisition of SYNA an all-cash deal at $123 per share)
– $CYPH +8.5%, $FWDI +6.5%, $MSTR +5.0%, $COIN +1.5% (digital-asset treasury and crypto-linked names rise as Bitcoin and major tokens rally)
– $BETR +7.5% (Cantor Fitzgerald upgrades to Overweight from Neutral)
– $XRPN +7.0% (shareholders approved the proposed business combination with Evernorth)
– $RZAI -21.0% (extends volatile post-direct-listing selling after Thursday’s 29% drop)
– $NXL -20.0% (gives back part of Thursday’s 76% spike following a 10-year Latin American distribution agreement)
– $STX -11.5%, WDC -7.0% (HDD makers fall after Toshiba outlined plans to double capacity and target sharply higher market share)
– $NKE -9.0% (mixed FQ1 as revenue missed and the FY sales outlook implied a surprise steep decline, alongside job cuts and a business reorganization)
– $FICO -8.5%, $EFX -3.5%, $TRU -2.5% (mortgage-credit names fall on a reported FHFA plan requiring lenders to pull data from two credit bureaus instead of three for GSE loans)
– $ASTS -3.5% (B. Riley downgrades to Neutral from Buy)
We’re adding two new holdings to the Portfolio’s EPS growth-focused basket, and upsizing six others.
Setting the sun on two holdings as we get ready to bring two new ones into the basket.
– $GRML +44% (extends the high-volume Greenland critical-minerals momentum rally)
– $VKTX +25% (positive VK2735 maintenance data showed strong weight loss and high retention with biweekly and monthly dosing)
– $VICR +8.7% (raises Q3 sequential revenue-growth guidance to more than 20% from nearly 10% on V4PD-license royalties)
– $ONON +8.0% (sets high-teens constant-currency sales growth and 22%+ EBITDA-margin targets through 2029 and authorizes a $1B buyback)
– $SHOP +5.1% (no clear fresh catalyst identified; unusually large premarket move in a highly followed stock)
– $RCL +2.4%, CCL +3.0%, NCLH +2.7% (cruise operators rise as crude drops, easing fuel-cost pressure)
– $FSLR +1.8% (rate-sensitive solar shares benefit as Treasury yields retreat)
– $CLDX -20% (positive Phase 3 CSU results trigger a sell-the-news reaction after the anticipated binary readout)
– $DAVA -13% (CFO placed on leave amid an internal accounting investigation disclosed in a 6-K)
– $LH -6.2%, DGX -6.9% (CMS proposes laboratory reimbursement cuts of up to 15% beginning in 2027)
– $VLO -2.1%, $PSX -2.0% (energy names fall as crude drops on easing geopolitical risk)
– $STX -1.4%, WDC -1.4% (storage names pull back with the semiconductor complex after the prior session’s AI-driven rally)
SOURCE: Trade The News
Tech stocks did the heavy lifting as rising yields and the first factory-output drop of the year keep the rest of the market on its heels
