To The Moon

Nike ($NKE) has fallen from its 2021 peak of $179 to around $34, wiping out more than $210 billion in market value. Now, Goldman Sachs’ reported purchase of 4.9 million shares has investors asking whether the sell-off has gone too far. 📉 Why consider buying? ✅ A globally recognised brand with strong sports and lifestyle appeal. ✅ Potential upside if management successfully turns the business around. ✅ A lower share price could offer an opportunity if earnings recover. ⚠️ Why be cautious? ❌ Nike expects revenue to decline by a high-single-digit percentage in FY2027. ❌ Competition and weaker demand are putting pressure on sales. ❌ A falling share price doesn’t automatically mean a stock is cheap. Goldman’s buying is interesting, but institutional purchases don’t guarantee a rebound. My view:

The AI boom is entering a new phase. The biggest question is no longer just how many people use AI, but how much businesses are willing to pay for it. OpenAI is reportedly targeting $70 billion or more in annualised revenue by the end of 2026, driven largely by growth in its enterprise business. Reports put its annualised revenue at approximately $50 billion at the end of September, making the year-end target an ambitious goal rather than an achieved result. That is a significant development for the AI industry. It also raises an interesting question for stock investors: if AI companies are generating revenue at this scale, which publicly traded businesses stand to benefit most? My attention is on three names: Microsoft, Nvidia and Oracle. Each plays a different role in the AI ecosystem, a

Sometimes the most interesting stock story is not about a new product, but about a market that could be much bigger than investors originally expected. $Palantir Technologies Inc.(PLTR)$ is back in the spotlight after Goldman Sachs upgraded the stock from Neutral to Buy, setting a 12-month price target of $230. The analyst sees potential for Palantir to benefit from sovereign AI, customised software applications and deeper relationships with businesses.  🔍 What does Palantir actually do? Palantir builds software that helps organisations bring together large amounts of data, understand what is happening across their operations and make better decisions. Its customers include government agencies and commercial businesses. Its platforms can hel

While investors debate AI valuations and technology stocks face pressure, I’m watching a different sector today: airlines. $Delta Air Lines(DAL)$  is worth watching as its latest earnings put travel demand, operating costs and profit expectations in focus. 🛫 What does Delta do? Delta is one of the largest US airlines, earning revenue from passenger travel, premium cabins, loyalty programmes and cargo services. Its premium travel business and loyalty ecosystem help differentiate it from competitors. 📊 Why is DAL interesting now? 1. Earnings provide a reality check Investors will be looking beyond headline revenue to passenger demand, unit revenue, profit margins and management’s outlook. Strong travel demand is positive, but the key question is

When investors think about AI, NVIDIA and other chipmakers usually come to mind first. But the latest market moves suggest the opportunity may be spreading further down the AI supply chain. While some chip stocks have faced selling pressure, several AI infrastructure companies have moved sharply higher. Lumentum gained 11.04%, Bloom Energy rose 9.63%, Nebius climbed 7.73%, and CoreWeave jumped 11.72% in the market update. These moves highlight an important question: Are investors starting to look beyond AI chips and focus on the infrastructure needed to make AI work at scale? 🔹 Lumentum — AI needs faster connections AI data centres require enormous amounts of data to move between processors and servers. Optical networking technology helps meet that demand by enabling faster, more efficient

I think it’s more than the Fed. Heavy Treasury supply, rising term premium and renewed inflation concerns are pushing the long end higher. The key question is whether 5%+ yields become the new normal.

$NEBIUS(NBIS)$ Insiders Are Selling — But Is It Actually a Red Flag? Nebius dropped more than 5% Wednesday, putting insider selling back in the spotlight. At first glance, it’s easy to think: Insider sells at a huge valuation = warning sign. But the details matter. Nebius COO Ophir Nave sold 77,430 shares on October 5 at an average price around $232. The important detail? The sale was made under a 10b5-1 trading plan adopted back in May, rather than being an on-the-spot discretionary decision. The filing says the shares represented approximately 17% of his granted equity, and he retained more than 877,000 shares afterward.  That’s very different from an executive suddenly dumping most of their position after a disappointing business update. And t

Samsung just delivered a number that would normally stop the market in its tracks. The world’s largest memory-chip maker estimates Q3 operating profit of 107.4 trillion won — roughly US$80 billion — up 782.5% from a year earlier. Revenue is estimated at 195 trillion won, up 126.6% YoY.  That’s an extraordinary result. But here’s the interesting part: The market isn’t reacting like this is a surprise. Samsung’s preliminary profit was only modestly above the LSEG SmartEstimate of 106.1 trillion won, while some other analyst estimates were actually higher. The full breakdown won’t arrive until October 29.  And that’s where the memory-stock debate gets interesting. 📈 The bull case Memory demand remains extremely strong. DRAM, NAND and HBM are all benefiting from tight supply and massive dema

The latest Fed minutes sent a mixed message. All 19 policymakers backed September’s 25bp rate hike, taking the federal-funds rate to 3.75%–4.00%. Most officials still think another hike will probably be appropriate before the end of 2026 — but they left the timing open.  Meanwhile, something else is happening that could matter even more for stocks. Long-term Treasury yields are surging. The 10-year yield touched around 5.36% and the 30-year reached roughly 5.73% on Wednesday — both their highest levels since 2002.  So here’s the question: What if the Fed eventually stops hiking, but long-term yields keep climbing? That’s possible because the Fed doesn’t directly control the entire Treasury curve. Long-term yields reflect a combination of: 🔹 Inflation expectations 🔹 Economic growth 🔹 Trea

Sometimes the strongest businesses are the ones with a simple formula — loyal customers, recurring revenue and products people buy every week. Today I’m watching Costco $Costco(COST)$   — a business built around something surprisingly powerful: getting customers to pay for the privilege of shopping there. So what does Costco actually do? Think about a typical Costco trip: groceries, petrol, electronics, appliances, clothing, furniture, pharmacy items and its famous food court. It sells a huge range of products through membership warehouses and its online business, using high sales volumes and rapid inventory turnover to keep prices competitive. And that’s the interesting part of the business model. Costco makes money from selling pr