To The Moon

The used-car dealer that wants a technology valuation I have watched plenty of supposedly disruptive companies discover that selling something online does not magically turn an asset-heavy business into software. Carvana is now testing that rule to destruction. The market has taken notice. At the end of August, $Carvana Co.(CVNA)$ carried an $81.85 billion market capitalisation, with the shares at $73.46. Yet Wall Street remains remarkably divided over what investors are actually buying, with sell-side targets reportedly spanning a wide range. Some see a technology-enabled used-car platform whose unit economics have undergone a structural transformation. Others see a highly cyclical auto retailer whose impressive profitability remains unusually de

B, crwd. cyber and some software still have a way to go up.

$Lululemon Athletica(LULU)$’s shares already trade at a dramatically lower multiple than during the brand’s growth era. That alone does not create a turnaround. The September 3 earnings report must show that North American customers are responding to fresher products and that management can stabilise gross margin before incoming CEO Heidi O’Neill starts on September 8. The company’s latest reported quarter ended May 3 and was released June 4. Revenue increased 4% to $2.47 billion, but constant-currency growth was only 2%. Americas revenue fell 3% and comparable sales declined 5%; international revenue increased 22%, including 30% growth in mainland China. The regional divergence shows that Lululemon still possesses global brand equity, but its lar

$Hims & Hers Health Inc.(HIMS)$ entered Australia on August 31 by converting Eucalyptus’s Pilot men’s-health platform to the Hims brand. The launch expands the addressable market and reduces dependence on US regulation, but international growth is arriving while consolidated margins and cash flow are moving in the wrong direction. The Australian offering initially covers sexual health, weight loss and hair loss, with access to branded GLP-1 medicines where clinically appropriate. Management says the expansion supports a path to $1 billion of international annual revenue within three years. The event happened and was announced on August 31; it followed the closing of the Eucalyptus acquisition in June. Hims & Hers’ official Australian annou

$Affirm Holdings, Inc.(AFRM)$ reported its strongest operating quarter yet, but the stock could not hold the post-earnings enthusiasm. That divergence does not prove the business is weakening. It does show that investors are no longer rewarding buy-now-pay-later volume growth without testing funding costs, credit discipline and the quality of reported profit. Affirm released results on August 27 for its fiscal fourth quarter ended June 30. Gross merchandise volume increased 36% to $14.1 billion, revenue rose 33% to $1.166 billion and active consumers increased 21% to 27.8 million. Transactions per active consumer reached 7.0, up 20%, while Affirm Card GMV more than doubled to $2.84 billion. These figures show that the network is expanding through

$PG&E Corp(PCG)$’s underlying utility business did not lose one-fifth of its earning power on August 31. Its shares lost one-fifth of their market value because California’s latest wildfire compromise left the company exposed to the open-ended liability framework investors had hoped lawmakers would change. That distinction makes the selloff understandable, but it does not automatically make the stock cheap. The chronology matters. California released substantially amended language for Senate Bill 492 on August 29. The compromise would create a faster claims process and strengthen wildfire preparedness, but it did not cap damages or materially restrict claims by insurers, local governments or businesses. Governor Gavin Newsom’s August 29 stateme

My pick is CRWD. The refining rally is backed by genuine fundamentals: Middle East disruptions, tight product supply and elevated crack spreads are driving exceptional earnings for MPC, VLO, PSX and DINO. However, refining remains cyclical, and margins can normalize quickly if geopolitical risks ease or global supply improves. CRWD has a more durable secular tailwind. AI agents are expanding the cybersecurity attack surface, creating entirely new workloads that require identity, endpoint, cloud and data protection. Strong ARR growth also suggests enterprises are still consolidating security spending onto broader platforms. The valuation is demanding, so I wouldn’t chase blindly. But compared with potentially peak-cycle refining margins, I prefer CRWD’s structural growth runway. For the ne

Oil & Energy Sector ($XLE): Brent crude crossed $90.90/bbl following renewed US-Iran military exchanges near the Strait of Hormuz. Expect energy producers to catch bid pressure while energy-importing consumer names face margin drag. Semiconductor Partnerships (MediaTek / NVIDIA): Watch chipmakers after NVIDIA announced a massive $3.5 billion strategic investment in MediaTek. The deal is driving strong cross-border focus in AI ecosystem hardware and custom silicon plays.

Late August 2026 witnessed a striking macroeconomic divergence across global asset classes. A rapid 5.3% surge in benchmark U.S. Treasury yields coincided with resilient upward momentum in major cryptocurrencies, even as equities experienced elevated volatility and late-month drawdowns in the $S&P 500(.SPX)$ S&P 500. This behavior challenged standard financial models, which typically treat rising yields as a liquidity contraction uniquely detrimental to speculative risk assets. So in this article, we would like to share how our structural analysis looks at the key findings and what is our core thesis. We will be covering these few topics as follows: Dissecting the Yield-Crypto Correlation Equity Volatility & Discount Rate Transmission

💬 Join the discussion: Vote in our poll below and share your take in the comments — every useful comment earns Tiger Coins! 🎁 Ten U.S. stocks with market caps above $10 billion are trading at fresh all-time highs as of September 1, 2026. The top 10 are dominated by energy — spanning independent refiners ( $Marathon Petroleum(MPC)$, $Valero(VLO)$, $Phillips 66(PSX)$, $HF Sinclair Corporation(DINO)$) and LNG export infrastructure ( $Cheniere Energy Partners LP(CQP)$) — alongside one cybersecurity leader (

The generative AI boom, persistent cloud adoption, and tight supply constraints in core Asia-Pacific hubs continue to fuel the data center sector. Singapore's S-REIT market provides unique exposure to this digital real estate expansion—ranging from pure-play operators to diversified industrial giants. However, navigating the space requires looking past headline yields. High-density GPU workloads, grid power constraints, variable cost of debt, and geographical concentration create distinct risk profiles across individual counters. 1. Keppel DC REIT (SGX: AJBU) — The Blue-Chip Pure Play $Keppel DC Reit(AJBU.SI)$ Keppel DC REIT remains the marquee pure-play option for regional investors seeking targeted exposure. Tailwinds: Superior Balance Sheet

$NVIDIA(NVDA)$   Nvidia (NVDA) Investment Thesis Q42026 : Nvidia's stock is trading almost independently of the broader semiconductor sector, according to Bespoke Investment Group data cited by The Kobeissi Letter and reported by many media outlets. Over the past three months, Nvidia's correlation with the PHLX Semiconductor Index (SOX) was at just 0.03, which is perhaps the lowest among the index's components. The reading is also unusual, as Nvidia is also the group's largest company by market capitalization. @JC888 @jowia @happytrader @Louisthefly @Benny the Ball Nvidia (NVDA) has so far delivered another profitable yet turbulent year for its investors. According to my technical analysis, NVDA shares are up 1

September 9 is becoming the next         date to watch cause things can go       two ways in stocks and gold.                 Interest rise stocks gold lower dollar  higher no rise more of same with increase stocks gold over time up dollar weaker. Crpto all on clarity act and rate decision. So hold tight could be very interesting. 

**Hawkish words, weak semiconductors, resilient breadth** *Market data reflect the 28 August 2026 US close. Trade-sheet status was updated through 31 August 2026. Any trade examples discussed below are historical case studies, not current trade ideas.* Friday’s index close looked quiet. The S&P 500 slipped just 0.23%, hardly the kind of move that would normally change the market narrative. Under the surface, however, three signals shifted at the same time: 1. Kevin Warsh used his first Jackson Hole speech as Fed chair to put inflation back at the centre of the policy debate. 2. Short-term rate expectations moved sharply higher even though he did not promise a rate hike. 3. Semiconductors weakened far more than the broad index, while equal-weight market breadth remained constructive. Th

$CMBC CAPITAL(01141)$   CMBC Capital Holdings Ltd (1141.HK) announced earnings for its first half that Increased, from last year The company's earnings totaled HK$139.64 million, or HK$0.1273 per share. This compares with HK$117.93 million, or HK$0.1073 per share, last year. The company's revenue for the period rose 10.5% to HK$302.02 million from HK$273.22 million last year. CMBC Capital Holdings Ltd earnings at a glance (GAAP) : -Earnings: HK$139.64 Mln. vs. HK$117.93 Mln. last year. -EPS: HK$0.1273 vs. HK$0.1073 last year. -Revenue: HK$302.02 Mln vs. HK$273.22 Mln last year.

$Pasqal Holding SA(PSQL)$’s first Nasdaq session placed a public-market price on one of Europe’s leading neutral-atom quantum-computing companies. The technology is serious and the fresh capital is useful, but Friday’s violent price action showed how quickly a scientific thesis can become a valuation thesis. The business combination with Bleichroeder Acquisition Corp. II closed on August 27, after shareholders approved it on August 25, and Pasqal began trading as PSQL on August 28. The transaction delivered approximately $360 million at closing. The companies’ completion announcement confirms the chronology and proceeds. Pasqal traps and manipulates neutral atoms with lasers, an architecture intended to scale qubit counts while limiting some fabri

August 31 — Last Day of Summer, First Day of Reckoning Three things I'm watching as we close out August and head into what is historically the market's worst month. 1. The Warsh overhang is real Friday's Jackson Hole speech was more hawkish than the market wanted. Warsh said inflation is "too high" and the Fed "has more work to do" — stopping just short of explicitly telegraphing a September hike. With the FOMC meeting on September 16, the probability of a hike has moved from one-in-three to above one-in-two. That repricing isn't fully done. High-multiple tech — NVDA, MRVL, BE — faces continued multiple compression if the long end o 2. The "buy the earnings beat" trade is broken this cycle MRVL beat on revenue and EPS, guided to 50% growth, and fell 10%. A week earlier MU did the same. The

For me, AMD’s upgrade is the most important call of the week. The interesting part isn’t simply the $641 price target, but the changing definition of the AI infrastructure trade. Investors have spent years focusing on GPUs, yet the AI data center is an ecosystem: CPUs, networking, memory, power and software all have to scale together. AMD is well positioned to benefit from this broader spending cycle, especially if server CPU demand continues expanding and AMD captures more share. I also like the risk/reward argument here. Unlike a pure momentum upgrade, the thesis is tied to a potentially much larger addressable market and earnings leverage. The key question now is valuation. If AMD can translate AI-driven infrastructure spending into sustainable cash-flow growth, the stock could have an

🚀 A New Chapter Begins at Apple Apple is approaching one of the biggest product changes in its history. John Ternus is set to become Apple’s CEO on September 1, with Tim Cook moving into the role of executive chairman after 15 years leading the company. Just eight days later, Apple is expected to hold its September 9 keynote — potentially introducing its first-ever foldable iPhone. 📱🔥 The rumored device could feature a book-style design, with an approximately 5.5-inch outer display opening into a much larger 7.8-inch inner screen. Reports have suggested a price potentially starting around $2,000, with premium configurations potentially reaching $2,500. Importantly, Apple has not officially confirmed these specifications, so investors should treat them as expectations rather than facts. ⚠️

Following last weekend’s Jackson Hole symposium, Fed Chair Kevin Warsh delivered a relatively hawkish message, prompting the market to reassess and reprice the timing of U.S. interest-rate hikes. According to the current FedWatch data, the probability of a rate hike at the end of September is slightly above 50%. This implies that the next round of nonfarm payroll and inflation data to be released next month could play an important role. From a data perspective, the probability of a rate hike surged by nearly 20 percentage points within just one week, driven entirely by Warsh’s remarks rather than by any other major economic data releases. However, based on historical experience, only probabilities above 70% tend to produce near-certain outcomes. With the current probability still below 60%

The used-car dealer that wants a technology valuation I have watched plenty of supposedly disruptive companies discover that selling something online does not magically turn an asset-heavy business into software. Carvana is now testing that rule to destruction. The market has taken notice. At the end of August, $Carvana Co.(CVNA)$ carried an $81.85 billion market capitalisation, with the shares at $73.46. Yet Wall Street remains remarkably divided over what investors are actually buying, with sell-side targets reportedly spanning a wide range. Some see a technology-enabled used-car platform whose unit economics have undergone a structural transformation. Others see a highly cyclical auto retailer whose impressive profitability remains unusually de

Late August 2026 witnessed a striking macroeconomic divergence across global asset classes. A rapid 5.3% surge in benchmark U.S. Treasury yields coincided with resilient upward momentum in major cryptocurrencies, even as equities experienced elevated volatility and late-month drawdowns in the $S&P 500(.SPX)$ S&P 500. This behavior challenged standard financial models, which typically treat rising yields as a liquidity contraction uniquely detrimental to speculative risk assets. So in this article, we would like to share how our structural analysis looks at the key findings and what is our core thesis. We will be covering these few topics as follows: Dissecting the Yield-Crypto Correlation Equity Volatility & Discount Rate Transmission

$Lululemon Athletica(LULU)$’s shares already trade at a dramatically lower multiple than during the brand’s growth era. That alone does not create a turnaround. The September 3 earnings report must show that North American customers are responding to fresher products and that management can stabilise gross margin before incoming CEO Heidi O’Neill starts on September 8. The company’s latest reported quarter ended May 3 and was released June 4. Revenue increased 4% to $2.47 billion, but constant-currency growth was only 2%. Americas revenue fell 3% and comparable sales declined 5%; international revenue increased 22%, including 30% growth in mainland China. The regional divergence shows that Lululemon still possesses global brand equity, but its lar

$Hims & Hers Health Inc.(HIMS)$ entered Australia on August 31 by converting Eucalyptus’s Pilot men’s-health platform to the Hims brand. The launch expands the addressable market and reduces dependence on US regulation, but international growth is arriving while consolidated margins and cash flow are moving in the wrong direction. The Australian offering initially covers sexual health, weight loss and hair loss, with access to branded GLP-1 medicines where clinically appropriate. Management says the expansion supports a path to $1 billion of international annual revenue within three years. The event happened and was announced on August 31; it followed the closing of the Eucalyptus acquisition in June. Hims & Hers’ official Australian annou

$Affirm Holdings, Inc.(AFRM)$ reported its strongest operating quarter yet, but the stock could not hold the post-earnings enthusiasm. That divergence does not prove the business is weakening. It does show that investors are no longer rewarding buy-now-pay-later volume growth without testing funding costs, credit discipline and the quality of reported profit. Affirm released results on August 27 for its fiscal fourth quarter ended June 30. Gross merchandise volume increased 36% to $14.1 billion, revenue rose 33% to $1.166 billion and active consumers increased 21% to 27.8 million. Transactions per active consumer reached 7.0, up 20%, while Affirm Card GMV more than doubled to $2.84 billion. These figures show that the network is expanding through

$PG&E Corp(PCG)$’s underlying utility business did not lose one-fifth of its earning power on August 31. Its shares lost one-fifth of their market value because California’s latest wildfire compromise left the company exposed to the open-ended liability framework investors had hoped lawmakers would change. That distinction makes the selloff understandable, but it does not automatically make the stock cheap. The chronology matters. California released substantially amended language for Senate Bill 492 on August 29. The compromise would create a faster claims process and strengthen wildfire preparedness, but it did not cap damages or materially restrict claims by insurers, local governments or businesses. Governor Gavin Newsom’s August 29 stateme

💬 Join the discussion: Vote in our poll below and share your take in the comments — every useful comment earns Tiger Coins! 🎁 Ten U.S. stocks with market caps above $10 billion are trading at fresh all-time highs as of September 1, 2026. The top 10 are dominated by energy — spanning independent refiners ( $Marathon Petroleum(MPC)$, $Valero(VLO)$, $Phillips 66(PSX)$, $HF Sinclair Corporation(DINO)$) and LNG export infrastructure ( $Cheniere Energy Partners LP(CQP)$) — alongside one cybersecurity leader (

The generative AI boom, persistent cloud adoption, and tight supply constraints in core Asia-Pacific hubs continue to fuel the data center sector. Singapore's S-REIT market provides unique exposure to this digital real estate expansion—ranging from pure-play operators to diversified industrial giants. However, navigating the space requires looking past headline yields. High-density GPU workloads, grid power constraints, variable cost of debt, and geographical concentration create distinct risk profiles across individual counters. 1. Keppel DC REIT (SGX: AJBU) — The Blue-Chip Pure Play $Keppel DC Reit(AJBU.SI)$ Keppel DC REIT remains the marquee pure-play option for regional investors seeking targeted exposure. Tailwinds: Superior Balance Sheet

My pick is CRWD. The refining rally is backed by genuine fundamentals: Middle East disruptions, tight product supply and elevated crack spreads are driving exceptional earnings for MPC, VLO, PSX and DINO. However, refining remains cyclical, and margins can normalize quickly if geopolitical risks ease or global supply improves. CRWD has a more durable secular tailwind. AI agents are expanding the cybersecurity attack surface, creating entirely new workloads that require identity, endpoint, cloud and data protection. Strong ARR growth also suggests enterprises are still consolidating security spending onto broader platforms. The valuation is demanding, so I wouldn’t chase blindly. But compared with potentially peak-cycle refining margins, I prefer CRWD’s structural growth runway. For the ne

$NVIDIA(NVDA)$   Nvidia (NVDA) Investment Thesis Q42026 : Nvidia's stock is trading almost independently of the broader semiconductor sector, according to Bespoke Investment Group data cited by The Kobeissi Letter and reported by many media outlets. Over the past three months, Nvidia's correlation with the PHLX Semiconductor Index (SOX) was at just 0.03, which is perhaps the lowest among the index's components. The reading is also unusual, as Nvidia is also the group's largest company by market capitalization. @JC888 @jowia @happytrader @Louisthefly @Benny the Ball Nvidia (NVDA) has so far delivered another profitable yet turbulent year for its investors. According to my technical analysis, NVDA shares are up 1

**Hawkish words, weak semiconductors, resilient breadth** *Market data reflect the 28 August 2026 US close. Trade-sheet status was updated through 31 August 2026. Any trade examples discussed below are historical case studies, not current trade ideas.* Friday’s index close looked quiet. The S&P 500 slipped just 0.23%, hardly the kind of move that would normally change the market narrative. Under the surface, however, three signals shifted at the same time: 1. Kevin Warsh used his first Jackson Hole speech as Fed chair to put inflation back at the centre of the policy debate. 2. Short-term rate expectations moved sharply higher even though he did not promise a rate hike. 3. Semiconductors weakened far more than the broad index, while equal-weight market breadth remained constructive. Th

🚀 A New Chapter Begins at Apple Apple is approaching one of the biggest product changes in its history. John Ternus is set to become Apple’s CEO on September 1, with Tim Cook moving into the role of executive chairman after 15 years leading the company. Just eight days later, Apple is expected to hold its September 9 keynote — potentially introducing its first-ever foldable iPhone. 📱🔥 The rumored device could feature a book-style design, with an approximately 5.5-inch outer display opening into a much larger 7.8-inch inner screen. Reports have suggested a price potentially starting around $2,000, with premium configurations potentially reaching $2,500. Importantly, Apple has not officially confirmed these specifications, so investors should treat them as expectations rather than facts. ⚠️

Oil & Energy Sector ($XLE): Brent crude crossed $90.90/bbl following renewed US-Iran military exchanges near the Strait of Hormuz. Expect energy producers to catch bid pressure while energy-importing consumer names face margin drag. Semiconductor Partnerships (MediaTek / NVIDIA): Watch chipmakers after NVIDIA announced a massive $3.5 billion strategic investment in MediaTek. The deal is driving strong cross-border focus in AI ecosystem hardware and custom silicon plays.

Analysts turned more bullish on AI infrastructure, solar and biotech while taking a more cautious stance on several consumer and software names. 🐯 Hi Tigers, here’s the setup: Wall Street was busy reshuffling its stock calls last week, with analysts reassessing companies across semiconductors, solar, biotech, software and retail. The bullish side was led by $Advanced Micro Devices(AMD)$, $Argenx SE(ARGX)$, $SolarEdge(SEDG)$, $First Solar(FSLR)$ and $Synopsys(SNPS)$, where analysts saw improving growth

$Pasqal Holding SA(PSQL)$’s first Nasdaq session placed a public-market price on one of Europe’s leading neutral-atom quantum-computing companies. The technology is serious and the fresh capital is useful, but Friday’s violent price action showed how quickly a scientific thesis can become a valuation thesis. The business combination with Bleichroeder Acquisition Corp. II closed on August 27, after shareholders approved it on August 25, and Pasqal began trading as PSQL on August 28. The transaction delivered approximately $360 million at closing. The companies’ completion announcement confirms the chronology and proceeds. Pasqal traps and manipulates neutral atoms with lasers, an architecture intended to scale qubit counts while limiting some fabri

😀Hi Tigers, As the Q2 earnings season unfolds, we’re taking a closer look at potential outperformers from two key angles: EPS expectations and dividend performance. In the first part, we highlight the top 20 stocks by market capitalization with stronger EPS estimates ahead of their earnings, scheduled between August 31 and September 4. 🎁Weekly Higher EPS Estimates: AVGO, PANW, DELL, MDT, SNOW & More 1. Why EPS Matters? Earnings per share(EPS) refer to the income per share brought to investors/shareholders in the open market. EPS is calculated as a company's profit divided by the outstanding shares of its common stock. The resulting number serves as an indicator of a company's profitability. Investors like companies with high profitability, and the market always rewards those earnings r

Following last weekend’s Jackson Hole symposium, Fed Chair Kevin Warsh delivered a relatively hawkish message, prompting the market to reassess and reprice the timing of U.S. interest-rate hikes. According to the current FedWatch data, the probability of a rate hike at the end of September is slightly above 50%. This implies that the next round of nonfarm payroll and inflation data to be released next month could play an important role. From a data perspective, the probability of a rate hike surged by nearly 20 percentage points within just one week, driven entirely by Warsh’s remarks rather than by any other major economic data releases. However, based on historical experience, only probabilities above 70% tend to produce near-certain outcomes. With the current probability still below 60%

Nvidia has largely answered the question of whether AI demand remains strong. Investors are now examining how its customers finance GPU purchases—and how much risk Nvidia is assuming to keep the infrastructure boom moving. Nvidia jumped 8.7% in the first session after earnings, lifting the Philadelphia Semiconductor Index by 2.3%. One day later, NVDA fell 4.6%. Fed Chair Kevin Warsh’s hawkish remarks pushed Treasury yields and rate-hike expectations higher, but monetary policy was not the whole story. Friday’s decline was likely driven by three overlapping factors: Higher rates pressured technology valuations. Investors took profits after Thursday’s 8.7% surge. Concerns about circular financing, customer spending and falling margins returned to the spotlight. The earnings were genuinely st

B, crwd. cyber and some software still have a way to go up.

August 31 — Last Day of Summer, First Day of Reckoning Three things I'm watching as we close out August and head into what is historically the market's worst month. 1. The Warsh overhang is real Friday's Jackson Hole speech was more hawkish than the market wanted. Warsh said inflation is "too high" and the Fed "has more work to do" — stopping just short of explicitly telegraphing a September hike. With the FOMC meeting on September 16, the probability of a hike has moved from one-in-three to above one-in-two. That repricing isn't fully done. High-multiple tech — NVDA, MRVL, BE — faces continued multiple compression if the long end o 2. The "buy the earnings beat" trade is broken this cycle MRVL beat on revenue and EPS, guided to 50% growth, and fell 10%. A week earlier MU did the same. The