Market Overview - The current market sentiment is positive despite some headwinds such as rising inflation and unemployment [1][2] - The Federal Reserve's actions on interest rates are anticipated to impact consumer behavior and market performance [2] AI Industry Insights - The AI sector, particularly companies like Nvidia, is expected to continue growing, although there are concerns about stock valuations and earnings performance [3][4] - Nvidia's recent earnings report led to a stock price decline, indicating potential weakness despite strong sales prospects [4] Investment Strategies - Investing in the "picks and shovels" of the AI industry, such as HVAC and data centers, is recommended as a more stable approach [5][8] - The HVAC ETF has shown a year-to-date increase of over 25%, outperforming sectors like crypto and data servers [7][8] Specific Company Performance - Comfort Systems and Amphenol are highlighted as top picks within the HVAC sector, with Comfort Systems up 120% and Amphenol up 100% this year [6] - The HVAC industry is characterized as a reliable sector driving growth for AI-related companies [8][15] Cryptocurrency Market - Bitcoin has experienced a 20% decline this month, but there is potential for recovery, suggesting it may be a buying opportunity [9][10] - The historical volatility of stocks like Amazon is referenced to illustrate the potential long-term value of holding onto investments like Bitcoin [10][12] Economic Indicators - Rising costs in essential areas such as food, housing, and education are impacting consumer affordability, despite lower gasoline prices [20][21] - The administration's focus on job creation and economic growth is seen as a potential driver for market opportunities, although challenges remain for consumers [22]

I wanted to turbocharge that by discussing 10 stocks of the day. YOLO writes for the holidays. For this one, I want to bring in Wed Bush managing director and global head of tech research, Dan Ies.Dan kindly slid into my inbox this week with a tidy list of 10 tech stocks you all should own. He also thinks we're not in a bubble. Dan, good to see you, man.It's it's been a while. Looking >> great to see you. >> Good as always.Little boss, little F1 driver. Look, I'm feeling it, man. >> Yeah, of course.For for ...

Core Viewpoint - The discussion centers around the potential of 10 tech stocks in the context of the AI revolution, with a strong belief that the market is not in a bubble despite concerns about overvaluation [2][3][5]. Group 1: AI Market Dynamics - Demand for Nvidia chips is significantly high, with a supply-demand ratio of 12 to 1, and demand has accelerated by 30% over the last three months [2][8]. - Only 3% of companies in the US and less than 1% globally have adopted AI technologies, indicating that the AI revolution is still in its early stages [3][5]. - The current tech environment is contrasted with the late 1990s tech bubble, where companies had minimal business models; today, large tech firms have substantial balance sheets and cash flow [5][6]. Group 2: Key Companies and Predictions - Nvidia is highlighted as a critical player in the AI space, with earnings expected to be underestimated by 15-20% over the next year, particularly due to potential market re-entry in China [8][12]. - Palantir is positioned as a leader in AI use cases, with expectations of significant growth in commercial bookings [12][13]. - Tesla is viewed as a technology company rather than just a car manufacturer, with projections of substantial growth driven by robotics and autonomous technology, estimating a base case stock price of $600 and a bull case of $800 [14][15]. Group 3: Other Notable Companies - Companies like Salesforce, Amazon, and IBM are acknowledged as positive players in the AI space, although they are not included in the top 10 list discussed [15][16]. - Intel is seen as having improved its position in the AI landscape, supported by government backing, although challenges in innovation remain [17]. - OpenAI is considered foundational to the AI ecosystem, with its partnerships with major companies like Oracle and Microsoft being viewed positively [19].

Company Developments - HP is cutting 10% of its workforce to integrate AI tools, aiming for a billion dollars in productivity savings [19][20][21][26]. - The company is transitioning from pilot programs to specific initiatives across multiple areas, indicating a significant shift towards AI implementation [20][27]. Market Trends - The market is experiencing a resurgence, with stocks attempting to reach record highs as expectations for a 25 basis point rate cut by the Fed increase to 80% from 30% [3][28]. - The ECB has issued warnings about stretched valuations in the US tech sector, suggesting that fear of missing out (FOMO) is driving current market behavior [3][13]. AI Sector Insights - The AI trade is expected to persist for several years, with companies increasingly applying AI to enhance productivity and efficiency [17][18][24]. - There is a notable divergence in stock performance among major tech companies, with Alphabet gaining momentum while Nvidia faces pressure [7][9]. Investment Opportunities - Analysts suggest focusing on major players like Nvidia and Alphabet, as well as solution providers in sectors like healthcare that are leveraging AI [16][17]. - The current AI landscape is characterized by significant demand, particularly for Nvidia chips, with a reported 12 to 1 demand-supply ratio [40][46]. Economic Indicators - The Fed's upcoming meeting on December 10 is critical, with market participants closely monitoring language and guidance regarding future rate cuts [32][35]. - Concerns about a cooling labor market are influencing Fed policy discussions, with implications for inflation and economic stability [35][36].

Autodesk Inc (NASDAQ:ADSK) reported better-than-expected third-quarter financial results for fiscal 2026 Tuesday after the bell.Autodesk said third-quarter revenue increased 18% year-over-year to $1.85 billion, beating analyst estimates of $1.81 billion. The software company reported third-quarter adjusted earnings of $2.67 per share, beating estimates of $2.50 per share, according to Benzinga Pro."We're defining the AI revolution for design and make, empowering customers with new task, workflow and system ...

Market Overview - The market is experiencing a relief rally, driven by expectations of a potential 25 basis point interest rate cut, which has increased the odds of a rate cut from 35% to over 80% since last Friday [2] - The S&P 500 has risen by 2.5% and the NASDAQ by over 3.3% this week, indicating a possible Santa Claus rally despite negative consumer confidence data [3] Interest Rates and Earnings - The 10-year Treasury yield is at one-month lows, just above 4%, contributing to a supportive environment for equity markets [4] - Earnings reports from companies like Zscaler and NetApp have shown positive movements, further supporting equity markets [5] Nvidia Analysis - Nvidia's stock has shown weakness, dropping below $170 before recovering slightly, attributed to increased competition and pressure from Google’s TPUs [7][8] - Despite positive analyst commentary, Nvidia faces challenges in maintaining its market position amid rising competition and pricing pressures [9][10] - Nvidia's growth rates remain strong, with revenue and EPS growth over 60%, but investor sentiment appears mixed [11] HPQ Quarterly Results - HPQ reported a 4% year-over-year revenue increase to approximately $14.6 billion, but provided softer guidance and announced plans to cut 4,000 to 6,000 jobs, representing up to 10% of its workforce [12][14] - The company faces challenges from rising memory prices, which could impact margins and overall business performance [15][16]

Group 1 - The Data Driven Investor has achieved significant returns, with a Long Term Growth Portfolio up nearly 194% since 2018, driven by disciplined strategy and risk-aware execution [1] - The service focuses on uncovering alpha in the AI revolution while managing downside risk in a volatile tech landscape [2] - The investment approach includes Options Ideas for short-term income generation, Quantitative Stock Strategies, stock picking algorithms, Macro analysis, and tactical ETF strategies [2] Group 2 - Andres Cardenal, CFA, leads The Data Driven Investor, bringing over 25 years of experience in investment research and strategy development [2] - The company emphasizes a transparent approach to investing, with a 4.9-star average rating [1]

Now, let's get into the tech trade with our next guest right here on set. Dan eyes from Wed Bush here to tell us how to play the AI revolution. Why he says we're not in a bubble.Dan on AI. This market has been ridiculously flighty. I'm old enough to remember when open AI was going to kill Google search and when the narrative was Apple's dead money because it missed AI with Apple intelligence and that Oracle is the fourth hyperscope.That was a recent one. You got to do your homework, not get caught up in eac ...

Group 1: Market Overview - The overall market shows weakness, particularly in the tech sector, but opportunities still exist outside of tech [2] - The AI trade is not over, with some tech stocks providing good entry points [2] Group 2: Disney Analysis - Disney's stock has fallen about 7% this year and is down nearly 18% from its highs [3][5] - The stock is trading within a defined channel, with support at $70 and resistance at $120, likely heading towards the $70 level [5][7] - Year-over-year operating income for Disney was down approximately 35%, with sports revenue down 2% but experiences revenue up 13% to $1.9 billion [5][6] - Concerns exist regarding the experiences segment due to potential headwinds from government shutdowns and inflation affecting consumer spending [6][7] - Technical indicators show a bearish trend, with the stock slipping below its 50 and 200-day moving averages [8][12] Group 3: Salesforce Analysis - Salesforce has seen a significant pullback of about 32% this year, trading below its 50 and 200-day moving averages [17] - The stock is currently holding around the $230 level, forming a descending triangle pattern [18] - Despite recent challenges, Salesforce's subscription and support base grew about 9% year-over-year, positioning it well for the AI revolution [20] - Technical indicators suggest a bearish trend, but a potential triple bottom pattern may provide support [28][29] Group 4: Bloom Energy Analysis - Bloom Energy has experienced a remarkable increase of over 300% this year, although it is currently down about 36% from its highs [33][36] - The company specializes in on-site power generation, converting fossil fuels and hydrogen into clean energy, serving a diverse customer base [33][34] - Recent trading patterns indicate a potential recovery, with buyers stepping in after a sell-off [36][42] - The stock is currently viewed as a discount opportunity, trading at about $95 compared to its previous highs [36][37] - Technical analysis shows a mix of bullish and bearish signals, with caution advised if support levels break [41][46]

Core Insights - J.P. Morgan has released its NextList2026, a curated selection of books and experiences aimed at inspiring curiosity and conversation in various fields including technology, business, and culture [2][3]. Books - The NextList2026 features 11 standout books, including "Epic Disruptions" by Scott D. Anthony, which discusses 11 innovations that have transformed industries and society, including the AI revolution [5]. - "A CEO for All Seasons" by Carolyn Dewar et al. provides insights from top leaders to help CEOs navigate their careers effectively [6]. - "Air Jordan" by Adam Bradley celebrates the cultural impact of Michael Jordan and his brand, showcasing how it has influenced sports and business [7]. - "1929: Inside the Greatest Crash in Wall Street History" by Andrew Ross Sorkin offers a detailed account of the events leading to the Great Crash, highlighting the personalities involved [10]. - "Still Bobbi" by Bobbi Brown shares her journey in the beauty industry, emphasizing authenticity and natural beauty [11]. Experiences - The Lucas Museum of Narrative Art, opening in 2026, will focus on storytelling across various visual media, founded by filmmaker George Lucas [18]. - A revival of the musical "Chess" is set to return to Broadway, featuring a new book and direction, highlighting the rivalry between American and Russian chess champions [19]. - The Fondation Louis Vuitton in Paris is hosting a major retrospective of artist Gerhard Richter, showcasing 275 works from his career [20]. Wineries - Bevan Cellars, established in 2005, focuses on small-lot Cabernet Sauvignon and Bordeaux-style blends, capturing the essence of Napa Valley [26]. - Burgess Cellars, founded in 1972, is known for its outstanding Cabernet Sauvignon and emphasizes regenerative farming practices [27]. - Portfolio Winery, founded by Geneviève Janssens, produces limited quantities of wine, reflecting a commitment to quality and purpose [28]. Company Overview - J.P. Morgan Chase & Co. is a leading financial services firm with $4.6 trillion in assets and $360 billion in stockholders' equity as of September 30, 2025, serving millions of customers globally [29].