The Big 3: GEV, NDAQ, STX

Group 1: Market Overview - The current economic landscape is characterized by a bifurcated or K-shaped economy, with unemployment rates around 4.6%, indicating a shift from a balanced labor market to potential risks in employment [2][4][5] - There is an expectation of a possible rate cut due to the labor market risks, which could positively impact market conditions in the upcoming year [5] Group 2: GE Vernova - GE Vernova has seen a significant increase of nearly 9% in the last week, driven by its role as a critical power supplier for AI data centers [6][7] - The company is benefiting from a shift towards on-site power generation due to grid delays, and its backlog is high quality and on track for growth through 2027 [8] - The stock has risen approximately 150% from its lows in April, indicating a strong bullish trend, with technical indicators suggesting continued upward movement [10][12][13] Group 3: NASDAQ - NASDAQ is expanding its trading hours to include a 23-hour weekday trading session, which is expected to increase retail participation globally [15][16] - Approximately 60% of NASDAQ's revenue is derived from assets under management (AUM) based index funds, with a trend of investors moving towards passive equity funds, which is favorable for NASDAQ's earnings [16][17] - The stock is currently consolidating and showing potential for a breakout, with key resistance levels identified [18][20][22] Group 4: Seagate Technology - Seagate has been included in the NASDAQ 100, which is a significant development for the company, as it is a core supplier of data storage hardware for data centers and AI infrastructure [23][24] - A cash-secured put strategy is being employed to potentially acquire shares at a discount, with a strike price of around $290 and a premium of approximately $20.90 per share [25][26][28] - The stock has been in a bullish trend, but there are concerns about potential overvaluation and bearish divergences in technical indicators, suggesting a possible pullback in the near term [29][34]