$Invesco QQQ(QQQ)$ From Dubai investors, to Kratos. Our algo detection systems do not predict future price action, but the selloff we saw looks tied to the Anthropic S1 Addendum in the Q3 filing. That filing showed growth, but with a significantly lower margin while capex was maintained. I think that's what accelerated the selling. As for hedge funds, only one fund was responsible for most of the selling over the past weeks, and we don't see further selling from them. With that pressure gone, I believe the rally can resume fairly soon, regardless of the election outcome. Good luck, America.
$Intel(INTC)$ There have probably been a lot of margin calls over the past couple of days. The CEO bought at $95. I'm pretty sure he will be working hard to get back well above $95 per share. The foundry story is still the kind of news that can send this stock sharply higher. I'm waiting patiently for them to succeed with both 18A and 14A.
$Oracle(ORCL)$ Down over 20% since the investor day, and trading well below where it was before the event. That feels undeserved and completely oversold.
Oracle's revenue is expected to more than double over the next two years. The 2026 estimate is $90.4B, 2027 is $131.7B, and 2028 comes in at $184.1B. Meanwhile, the stock is trading at 15.3x forward earnings, down from 46x in 2025. $Oracle(ORCL)$
$SPDR S&P 500 ETF Trust(SPY)$ $Invesco QQQ(QQQ)$ We could see a buyback rally in Q4 soon. Are AI companies political now? OpenAI is right-wing AI? Anthropic is left-wing AI? Just a thought: Anthropic has a lawsuit and a supply chain block, and during the IPO some funds were pitching an investment grade bond story, even though they have so much cash now? Check their cash on hand.
$Intel(INTC)$ This is going wherever the big players want it to go. From what I can tell, Friday's price action suggests they loaded up and are positioned for a move higher. We'll see how it plays out. Either way, the risk seems tilted to the upside.
$Intel(INTC)$ The chart keeps pointing to the same thing: chip production on American soil is both possible and likely going to happen. By the end of 2027, 50% of TSMC business will be done at Intel Foundry.