Friends, we’re living in truly unprecedented times. The stock market is roaring, brushing aside concerns about inflation, a looming election, and even a potential war in the Middle East. The Dow Jones Industrial Average and the S&P 500 both closed at record highs today! I’m telling you, this incredible bull market just refuses to quit.
But beneath the surface of these massive gains, there’s a story unfolding that deserves our careful attention. Some stocks are going absolutely bonkers, while others are getting utterly crushed. The market is clearly picking its winners and losers, and the divide is growing more pronounced.
Here’s the deal, folks, the name of the game is Artificial Intelligence. It’s been on everyone’s lips for months, and today’s action solidified the AI narrative. Nvidia, the darling of the AI revolution, is leading the charge with its chips powering everything from self-driving cars to the latest chatbots. The company’s stock price soared nearly 3% today, hitting a brand new all-time high!
But while NVDA was stealing the show, some old-guard companies are starting to feel the heat. Boeing announced a massive 10% reduction in its workforce last week and pushed back the timeline for its new 777x jetliner. The stock plunged nearly 2% today as investors started to question whether the company will be able to navigate the current turbulence.
This same story is playing out across the entire market. Companies that are seen as beneficiaries of the AI revolution are reaping the rewards, while those that are clinging to the old way of doing things are struggling to keep pace.
But don’t get me wrong, friends, this isn’t just about technology. The financial sector is also setting the stage for what could be a wild earnings season. JPMorgan Chase and Wells Fargo — two of the biggest banks in the country — both beat Wall Street’s expectations, but the market is hungry for more. We’ll be watching closely tomorrow and throughout the week to see how the other giants, including Goldman Sachs, Citigroup, Bank of America, and Morgan Stanley, perform.
Top Movers Today
| Ticker | Closing Price | % Change |
|---|---|---|
| NVDA | $138.07 | +2.43% |
| COIN | $10.40 | +11.43% |
| DJT | $29.95 | +18.47% |
| SOFI | $10.04 | +11.43% |
| MARA | $17.00 | +7.29% |
| BA | $148.99 | -1.34% |
| CAT | $148.99 | -1.90% |
| AMGN | $306.00 | -1.42% |
| APP | $140.00 | -4.49% |
| GPRE | $12.20 | -8.55% |
What to Watch Tomorrow
Friends, the action is just getting started. Here’s what you need to be watching tomorrow:
- Earnings season is heating up! Citigroup, United Airlines, ASML, Netflix, and American Express are all set to report their results. These are some of the biggest names in the game, and their numbers will give us valuable clues about the health of the economy and the future direction of the market. Pay close attention to their guidance — that’s where you’ll find the real gold.
- The Fed is still quiet. While the bond market is closed for Columbus Day, Fed members may be making comments that could give us insights into their thinking. Keep your ear to the ground, because the Fed’s next move could make or break this bull market.
- Will China deliver? The world’s second-largest economy is showing signs of life, and investors are hoping for an aggressive stimulus package. Keep an eye on the CSI 300 index — if it continues to rally, it could be a sign that China is finally ready to turn the corner and kickstart global growth.
Don’t be afraid to lean into this moment! This bull market is for real! We’ll be back tomorrow with more insights to help you navigate the volatility and stay ahead of the pack.
