Logo
279hawk_compass
21 hours ago
Jim Cramer thinks investors have gone too far.
As the tech slump dragged into a new week, the CNBC host said in a post on X that the negativity around Marvell, Apple, and Palantir "is pretty thick," adding, "No matter what they say, it isn't enough."
He made the remark as all three stocks slid on Nov. 2.
His comments landed in a rough market. Chip and memory stocks have lost about $3.7 trillion in market value since Oct. 6, and Intel suffered its worst day since 1974 on Oct. 30, falling nearly 29% after a disappointing forecast.
The chip group shed more than $400 billion on Nov. 2 alone, as reported by Yahoo Finance. In a market this nervous, even good news is getting sold.

#chip #marvell
dmhwlrniiozaw
23 hours ago
One in 4 Americans think that Medicare is free for everyone, according to new data from Allianz.
The problem is, that's not true.
The research exposed three more things folks get wrong about how Medicare works.
More than a third of Americans believe Medicare covers long-term care. It does not.
More than 1 in 3 say Medicare is guaranteed to be available when you retire, and more than 4 in 10 think it covers prescription drugs.

#allianz #free #everyone
HarDlYFro5t
23 hours ago
Accepting the $1M gift eliminates nearly 7% interest on a jumbo mortgage, delivering an immediate risk-free return that rivals most market strategies.
The new $15M lifetime gift exemption lets the in-laws transfer the full $1M immediately tax-free, requiring only a Form 709 filing.
An intrafamily loan at the 3.72% IRS minimum rate saves roughly 3 percentage points versus the current 6.9% jumbo mortgage rate.
Building a portfolio and living off one are two completely different skills, and almost **** ody teaches the second. This problem is what The Definitive Guide to Retirement Income helps, and it is free today. Read more here. (Sponsor)
People who pursue a FIRE (Financial Independence Retire Early) philosophy aggressively save and invest with a goal of retiring young enough to enjoy the freedom that a substantial nest egg affords. A fatFIRE adherent aims to accumulate a seven- or eight-figure retirement portfolio, enabling a lifestyle that ordinary early retirement budgets cannot support. When a couple's in-laws share those fatFIRE values, the relationship tends to run smoothly. But good intentions packaged as sizable financial gifts can shift that balance quickly, and without diplomacy and a shared strategy, even a generous offer can quietly fracture family dynamics.

#free
quiet4adget
23 hours ago
Investors are worried. CNN's Fear and Greed Index is at "extreme fear." Inflation remains persistently high, with the ongoing Iran war and tariffs not helping matters. Stock market valuations are frothy by most metrics.
In times of uncertainty, many investors look to safe havens. Utility stocks rank high on the list. But if the stock market crashes, will utility stocks really protect your portfolio?
Missed AI's "Act 1"? Act 2 Could Be 16x Bigger. Most investors think they missed the AI boat because they didn't buy Nvidia in 2005. But according to our ***** ysts, we're only at the end of "Act 1"—the R&D phase. "Act 2" is the global rollout. Continue »
Arguments for buying utility stocks as a defensive portfolio move make sense. Consumers don't stop using electricity, natural gas, or water during an economic downturn or stock market sell-off.
There's also historical precedent for utility stocks protecting against a market crash. For example, the S&P 500 (SNPINDEX: ^GSPC) sank almost 50% from its peak in early 2000 by October 2002 when the dot-com bubble burst. The Nasdaq-100 index plunged more than 80%. Meanwhile, shares of NextEra Energy (NYSE: NEE) and The Southern Company (NYSE: SO), both large electric utility providers, jumped more than 20% during the same period.

#utility #Stock #fear #high
7wildly
23 hours ago
A married couple over 65 who haven't claimed Social Security can pull about $47,500 from an IRA and owe the IRS nothing.
Collecting the average benefit shrinks the tax-free IRA withdrawal to about $34,000, because half of Social Security counts toward taxable income.
Past the zero-tax line, the Social Security tax torpedo makes each extra IRA dollar count nearly twice, producing an effective marginal rate of about 19%.
The biggest 401k decisions tend to get made once and never revisited: when to roll it over, what to hold inside it, and when to start taking money out. That is exactly what the report: 401k & IRA Tips and Answers was created to address, and it is free today. Read more here. (Sponsor)
A married couple where both spouses are over 65 can take a surprisingly large IRA withdrawal next year and owe the IRS nothing. How large depends mostly on one question: have they started Social Security yet?

#free #collecting #past
RC0gpkcK0
1 day ago
A single ticket in New Jersey won the $847 million Powerball Wednesday night, one of the 10 biggest jackpots in the lottery's history.
The ticket holder matched the winning numbers, 15, 34, 41, 53 and 56, as well as the red 21 Powerball, to take the prize.
The winner can either take a one-time payment of $363.1 million before taxes, or they can choose an annuity that is paid out over the next 29 years.
A total of 25 people won $50,000 in the draw, while four Power Play winners boosted their prizes to $100,000.
The win ends the three-month Powerball jackpot drought, after the last grand prize winner claimed $1.04 billion in Illinois, which was the eighth-largest win in the game's history.

#history #take #wednesday
sudoja3209
1 day ago
Prince Harry is reportedly becoming increasingly worried about his financial future as he continues trying to repair ties with the royal family. According to a new report, the Duke of Sussex fears his strained relationship with Prince William could influence future decisions involving King Charles, including any inheritance.
Prince Harry wants to rebuild his relationship with King Charles after his family's return to the U.K. In fact, Harry recently told GQ that he hopes to reconcile with his family and "work it out." However, an insider claims Harry worries about the ongoing royal rift. He also fears the feud could threaten his family's long-term money situation, according to Heat. The source alleged that Harry fears William's growing influence over King Charles could affect future inheritance decisions. As a result, he worries his older brother could affect decisions about the monarch's future estate.
The insider claimed Harry's desire to reconcile is not driven by money. Instead, they said he wants to protect Meghan Markle and their children, Prince Archie and Princess Lilibet, while also rebuilding his relationship with his father.
According to the report, Harry allegedly feels pressure to maintain the family's lifestyle. The source pointed to the couple's security costs and property expenses as major financial responsibilities. They also claimed Harry finds it difficult watching other senior royals enjoy greater financial stability.
The report further suggested Harry believed returning to Britain would help repair family relationships. However, the insider alleged progress has been slower than expected. The source claimed King Charles had remained cordial but had not been readily available for meetings.

#charles #report #fears
Ld3eMOMLqV1D
1 day ago
Roth conversions count as income, so retirees over 65 near $75,000 can lose the new $6,000 senior deduction without warning.
A $40,000 conversion for a single retiree costs about 23% rather than the quoted 22%, while $100,000 nearly erases the deduction.
Converting only up to the income threshold, waiting until 2029, or paying conversion tax from taxable savings can protect the deduction.
Read More: Learn 7 ways to generate income with a $1,000,000+ portfolio (sponsor)
Congress handed people 65 and older a new tax break last year, and it comes with a tripwire that most of the articles celebrating it skipped. The deduction is worth up to $6,000 a person for tax years 2025 through 2028. It starts to shrink once your income passes $75,000 if you are single, or $150,000 if you file jointly, and it shrinks fast: 6 cents for every dollar over the line. At $175,000 single or $250,000 joint it is gone.

#income #single #converting #conversions
coo_madly0885
1 day ago
LONDON (AP) — World leaders who have sparred with the "America first" President Donald Trump greeted the rout of his Republican Party in the U.S. midterm elections with a measure of relief Wednesday, allowing themselves to hope for a less combative U.S. foreign policy.
But that hope was seasoned with the expectation that American voters' rebuke would not necessarily end the U.S. conflict with Iran or change Trump's policies on tariffs or his lukewarm-at-best support for Ukraine and America's European allies.
Progressive politicians cast the results as part of a trend of liberal comebacks around the world, following recent defeats for populists on the right in Hungary, Brazil and Serbia.
Spain's social democratic Prime Minister Pedro Sánchez wrote on X that Americans had voted "Against hate. Against machismo. Against climate denialism and against the privileges of the elites."
"It happened in Brazil. It just happened in the US. And it will happen soon in Spain," wrote Sánchez, who faces an election Nov. 29.

#nchez #wrote #happened #donald
mucowe_du_h
1 day ago
A single Powerball ticket in New Jersey has won an estimated $847 million after matching all six numbers in Wednesday’s drawing, the company said Thursday.
The winning numbers were 15, 34, 41, 53, 56, and red Powerball 21, with a Power Play multiplier of 2x.
The winner has the option to take a one-time payment of $363.1 million or an annuity paid out over 29 years.
There were no winners for the $2 million and $1 million Match 5 prizes.
Wednesday’s jackpot was the ninth-largest prize in game history and the second-largest prize so far this year, according to game officials. Powerball updated the jackpot from $835 million, raising it from being the tenth-largest prize in game history.

#million #powerball #largest #game
gu07j6cb1gr
1 day ago
Former Los Angeles TV news anchor Harold Greene has died, according to a social media post by his daughter, Courtney Greene. He was 82.
"Our beloved husband, father, uncle and friend has signed off for the last time," she wrote in a Facebook post. "It is with heavy hearts that we share the news that Harold passed away last night. My mom and I were by his side, and there was an extraordinary amount of love in the room. We have a feeling he's already settling into the great newsroom in the sky, no doubt with a few suggestions on how things should be run. He was so very loved, and we know he will be missed by many."
More from Variety
Coverage of Last Year's Devastating Fires, and the Aftermath, Dominate L.A. Area Emmy Nominations - as PBS SoCal, ABC7, KMEX Lead Tally
New CBS Los Angeles GM on His Ambitious Local Plans, and How KCBS/KCAL's New AR/VR Studio Is Changing How They Deliver the News

#angeles #harold #Facebook #variety
glid2compass
1 day ago
One advantage of being 70 is that we keep getting invited to free dinners and lunches. Salespeople typically push annuities, Medicare plans and estate-planning services. So far in 2026 we have been to roughly a dozen of these free meals, and I'm going to four more in the next few weeks. It's good to be old! How lucky am I?
Dining for Free
Medicare prescription drug costs will jump 50% in 2027. Doing nothing could cost you.
Once election results are in, here's what investors should focus on next
Related: We stopped helping our neighbors with free home repairs and our friendship cooled. Who's to blame?

#free
ziyimogvipre
1 day ago
Safe to say, it's been a brutal week for chip stocks.
On Oct. 30 alone, the iShares Semiconductor ETF (SOXX) plunged 8.2%, wiping out an estimated $1 trillion in chip stock market value during the session.
Perhaps the biggest headline-maker was Intel (INTC), which suffered its worst one-day stock decline in half a century following its earnings report, as covered by CNBC.
And the company that has come to symbolize the AI boom, Nvidia (NVDA), isn't offering much comfort.
That said, Melius Research ****** yst Ben Reitzes, rated five stars by TipRanks, revamped his Nvidia stock price target just days after Intel plunged nearly 29%, as reported by TheFly.

#NVIDIA #plunged #semiconductor #intc
51327blink2818
1 day ago
Charles F. Porter, actor and producer of the 2025 film Finding Faith, has died after a long battle with cancer. He was 47.
His passing was announced by his wife, Candice Tab-Porter.
"With a very heavy heart I wanted to share the passing of my husband Charles Frederick Porter. I am honoured to have been by his side for the incredible 18 years we had together," she penned on Instagram.
Porter was best known on screen for playing the **** ular NASCAR champion in Wendell Scott: A Race Story.
Born in the UK to an American Air Force father and British mother, he went to college in the States, where he played American football. After a back injury derailed his NFL hopes, he dropped 65 pounds and became an actor.
In the early 2000s, Porter launched a promising TV career, making appearances on The Parkers, Close to Home, Without a Trace, Bones and House.

#porter #candice #frederick #Instagram
beyajccpewuqe4
1 day ago
Chris Sullivan revealed to his That Was Us podcast co-hosts, Mandy Moore and Sterling K. Brown, that he voiced GEICO's iconic 'Hump Day' camel in the company's popular commercial
"I would say based on a number of people who've seen it, it's my biggest credit," he said
The actor recently returned to record new camel commercials tied to NBC Sports' NFL coverage
Chris Sullivan has revealed which role is his "biggest" acting credit — and it's not on This Is Us.
The 46-year-old actor shared the surprising revelation on his That Was Us podcast, telling former costars Mandy Moore, 42, and Sterling K. Brown, 50, that he was the voice behind GEICO's iconic "Hump Day" camel.

#moore #brown
jqdyqfqdfdxkmuv
1 day ago
Joan Crawford's rivalries in Hollywood are well documented, with much attention paid to her rivalry with Bette Davis
In the introduction to Jungle Red! The Making of MGM's The Women, friend and film historian Jeanine Basinger dismisses the notion that Davis was Crawford's most significant adversary, pointing instead to Norma Shearer
Basinger and author Illeana Douglas explore the complex dynamic between Crawford and Shearer in the deep-dive on the film
Jeanine Basinger's unique friendship with Joan Crawford has left her with particular insights about the star's life behind the scenes.
Basinger writes the introduction for Illeana Douglas's book, Jungle Red! The Making of MGM's The Women, where she talks about Crawford's role in the 1939 comedy. The film historian touches on Crawford's feud with Norma Shearer on the set and compares it to one of Crawford's most well-known rivalries.

#basinger #film #jeanine
vaguelyny
1 day ago
Coffee chain Dutch Bros (NYSE:BROS) met Wall Street's revenue expectations in Q3 2026, with revenue up 29.8% year on year to $549.8 million. On the other hand, the company's full-year revenue guidance of $2.1 billion at the midpoint came in 1.5% below ******* ysts' consensus estimates. Its GAAP profit of $0.20 per share was in line with ******* ysts' consensus estimates.
For more on Dutch Bros, read our full research report.
Revenue $549.8 million vs S&P ******* ysts' consensus estimates of $548.8 million (29.8% year-on-year growth, in line)
EPS (GAAP) $0.20 vs ******* ysts' consensus estimates of $0.21 (in line)
Adjusted EBITDA $101.1 million vs ******* ysts' consensus estimates of $97.47 million (18.4% margin, 3.7% beat)

#million
ganupozuws02
1 day ago
Being a "buy-and-hold" investor sounds simple, but it can be harder to do in real life. When stocks are wobbly, when the tech-heavy Nasdaq-100 goes into a sell-off, when economists question the economic value of artificial intelligence (AI), it's easy to get nervous and make fear-driven moves based on short-term news.
But for most people who are not professional investors or money managers or hedge fund executives, the best investment strategy is often just to buy and hold. Buy stocks in a diversified portfolio like the S&P 500 index. Keep buying stocks as often as you can.
Missed AI's "Act 1"? Act 2 Could Be 16x Bigger. Most investors think they missed the AI boat because they didn't buy Nvidia in 2005. But according to our **** ysts, we're only at the end of "Act 1"—the R&D phase. "Act 2" is the global rollout. Continue »
And then: hold them. Don't sell. Hold them for years -- five years, 10 years, or more. Don't try to day trade, don't try to move in and out of the market, don't try to sell your stocks based on a hunch about what the market will do tomorrow. If you're really in it for the long run, buy-and-hold investing can generate significant wealth for everyday investors.
My two favorite stock exchange-traded funds (ETFs) are low-cost index funds. They're simple. They're "boring." But these two ETFs together let me own basically all the stocks in the world.

#hold #sell #investors #missed
t5ny
1 day ago
A $900,000 traditional 401(k) left to heirs yields roughly $684,000 after taxes, while a Roth passes the full $900,000 income-tax-free.
Heirs must empty inherited accounts within 10 years, potentially pushing a child earning $150,000 into the 32% or higher tax bracket.
Converting gradually during low-income retirement years keeps taxes in the 22 to 24 percent brackets and avoids Medicare surcharges above $218,000 in joint income.
The biggest 401k decisions tend to get made once and never revisited: when to roll it over, what to hold inside it, and when to start taking money out. That is exactly what the report: 401k & IRA Tips and Answers was created to address, and it is free today. Read more here. (Sponsor)
Picture a 66-year-old with $900,000 in a traditional 401(k) who has already decided the money goes to the adult children. The open question is whether to leave it alone or convert it to Roth first. That choice can change what the kids keep by six figures.

#traditional #free #medicare
wpusfugveh
2 days ago
US stocks jumped on Wednesday after Democrats won control of both chambers of Congress in a seismic midterm election, paving the way for a divided government.
The Dow Jones Industrial Average (^DJI) rose 3%, or over 1,500 points, while the S&P 500 (^GSPC) climbed 1.7%. The Nasdaq Composite (^IXIC) traded up by 1.6% amid a post-election relief rally.
Markets swiftly repriced a Democratic sweep of the House and Senate — and the potential for ballot measures and newly elected officials to restrict data center construction. Chip stocks, including Nvidia (NVDA) and Micron (MU), fell. Meanwhile, other parts of the tech sector offset some of those losses, with Apple (AAPL) and Microsoft (MSFT) each hitting all-time highs.
Investors will also be watching for policy actions on housing and pharmaceuticals in the aftermath of the election. As Yahoo Finance's Jared Blikre pointed out on Tuesday, midterm elections have a history of shaping stock performance in the near term but don't tend to move markets much over the long term.
On the economic front, ISM and S&P data showed that US services activity expanded at a slower pace in October as businesses continued to grapple with elevated costs. Private-sector hiring, meanwhile, continued to show strength in October as an ADP report indicated "pretty solid job growth."

#election #october #continued
luckymdx
2 days ago
NFLX shares have fallen 33% year to date to near their 52-week low, despite a Q3 operating margin of 34.6% and a record $4.8 billion buyback quarter.
Netflix's 29% operating margin dwarfs Disney's (DIS) 15% and Spotify's (SPOT) 13%, yet its P/E multiple sits far closer to Disney's than Spotify's.
Just released. Our ******* ysts combed the entire stock market and named the ten best stocks to buy right now, and Netflix didn't make the cut. Enter your email to see the names that beat NFLX. The report is free. Enter your email and see if any of your stocks made the cut.
Netflix (NASDAQ:NFLX) spent 2026 extending its reach. It added live NFL games, built its own ad technology and brought outside networks onto its platform.
The stock fell anyway, and that gap is why the setup deserves a closer look. The 24/7 Wall St. price target for Netflix is $76.26, which means 22.9% upside from $62.05.

#netflix #Stock #spot
hw74903gc7g2wbqp
2 days ago
Medicare's two-year lookback rule means a retiree's $120,000 annual 401(k) withdrawals at 63 and 64 set his Part B premiums at 65 and 66.
A $120,000 withdrawal pushes a single filer $11,000 over the IRMAA threshold, raising Part B premiums to $284.10 monthly and costing roughly $2,297 extra over two years.
Covering part of living expenses with cash savings or qualified Roth withdrawals instead of 401(k) funds can keep reported MAGI below the surcharge threshold entirely.
Americans who work with a financial advisor have saved more than twice as much for retirement, on average. Find out what one could change for you: SmartAsset's free quiz matches you with up to three vetted fiduciary advisors in about five minutes. (Sponsor)
A 62-year-old leaves his job with a large traditional 401(k) and a simple plan. He will draw $120,000 a year to live on, then start Social Security at 67. He sees ages 63 and 64 as silent bridge years. Medicare will use income from those years to calculate his first two premium bills, something he may not have anticipated.

#premiums #covering #roth
tiny11
2 days ago
Recent filings with the Securities and Exchange Commission show that Berkshire Hathaway purchased an additional $27 million in one of its top 20 holdings, SiriusXM (NASDAQ:SIRI).
The purchases were made between Oct. 30 and Nov. 3 for an average price of roughly $29 per share.
Missed Nvidia in 2009? This Rare Signal Is Flashing Again. In 2009, a "Double Down" signal flashed for a little-known chipmaker called Nvidia. For the first time in years, that same "Total Conviction" signal is flashing for a company 1/100th the size of Nvidia. Continue »
The satellite radio company Sirius now accounts for 1.1% of Berkshire's massive, roughly $368 billion equity portfolio, and Berkshire controls over 37% of Sirius's outstanding shares.
Berkshire has owned a significant stake in Sirius for quite a while, but when Liberty Media split off Sirius XM and two of its tracking stocks in 2024, Berkshire went in again, purchasing another $1.2 billion of Sirius stock in early 2024.

#roughly
modulesvms
2 days ago
Voters in seven states weighed in on property tax relief measures on Tuesday, part of an ongoing property tax revolt that has developed in recent years as home prices and **** sed values soared while incomes have largely failed to keep up. The outcomes were mixed, with voters in Florida and North Carolina overwhelmingly approving amendments designed to cut or cap taxes, while Wyoming and Oklahoma voters rejected tax-limiting measures.
The split results reflect the complicated trade-offs between limiting unpopular and fast-rising taxes and funding public services.
"Property tax bills are rising far faster than inflation and even home valuations," said Nicole Fox, a policy **** yst at the Tax Foundation. "People are noticing."
Read more: Democrats win Congress, eye healthcare, tariffs, and Trump's allies
The most sweeping effort to lower taxes came in Florida, where 62% of voters approved a major property tax cut that will increase the amount of a home's value that can be exempted from non-school homestead property taxes, effectively eliminating those taxes entirely in some parts of the state.

#measures #rising #tuesday
14nova
2 days ago
“To the people who are ***** off and want to say, ‘I told you so’: you’re right, you did tell us so,” he wrote.
Vice President JD Vance speaks to the media before boarding Air Force Two for Texas, at Joint Base Andrews, Maryland, on Oct. 29, 2026. | Evan Vucci/AP
05/11/2026 1:07 AM GMT+9 |Updated: 05/11/2026 3:30 AM GMT+9

#president #vance #andrews #evan
xx_u88lm8f
2 days ago
GLD and IAU let investors hold gold inside a regular brokerage IRA without a separate custodian, vault, or storage fees.
The IRS treats any IRA-owned coins taken home as a taxable distribution, plus a 10% penalty for owners under 59½.
Gold IRAs pile on custodian fees, storage fees, and dealer markups above spot price, which hit $3,929 an ounce in late 2026.
Read More: Learn 7 ways to generate income with a $1,000,000+ portfolio (sponsor)
A common pitch in late-night gold ads goes like this: roll your IRA into gold and keep the coins in a safe at home. Part of that is real. A gold IRA, an individual retirement account that holds physical precious metal, is allowed under federal tax law. The home safe is where it gets tricky. If the account owner takes possession of the coins, the IRS treats them as a withdrawal. That means taxable income and possibly an early withdrawal penalty.

#late
bluntly_hawk_lynx_72
2 days ago
Retirees may see property taxes climb even after the mortgage is gone, but the federal tax treatment is not always intuitive. Whether those payments actually reduce a tax bill can depend on how they fit with the rest of a return — and on several 2026 deduction rules.
Here's how to think through which way to deduct these taxes.
Find Out: Worried about market swings? See why investors are moving to gold and silver IRAs
Grow Rich: FREE 2026 Investor Guide + Up to $25,000 in Silver with Qualifying Purchases
Property taxes on a personal residence are an itemized deduction, not an amount taxpayers can simply add to the standard deduction, according to Jim Swiech, a certified public accountant (CPA) and founder at Go Beyond Tax. Retirees should compare their complete itemized totals with their standard deductions, then take whichever is larger.

#retirees #silver #worried
oqpssu
2 days ago
Stanley Black & Decker reported third quarter 2026 sales of US$3,731.6 million and net income of US$272.1 million, with basic earnings per share from continuing operations at US$1.84.
Management paired these stronger earnings with a new US$1b share repurchase authorization and ongoing cash dividends, indicating continued emphasis on capital return alongside operational execution.
The focus now turns to how Stanley Black & Decker's investment narrative incorporates this earnings performance and the new US$1b buyback authorization.
Spot opportunities that echo Stanley Black & Decker's earnings strength and capital return focus by scanning our curated list of list of solid balance sheet and fundamentals (23 results).
Owning Stanley Black & Decker means buying into a very physical story. Tools on shelves, outdoor gear in garages, fastening systems in factories. The thesis leans on execution in Tools & Outdoor, disciplined pricing, and the ability to turn that reach into consistent cash that can support both reinvestment and regular dividends. The third quarter earnings, with US$3,731.6 million in sales and US$272.1 million in net income, suggest the cost and mix work of the past few years is feeding through to the bottom line.

#earnings #decker #tools #outdoor
segxjzsdoncuuuuk
2 days ago
Across the country, homeowners are renovating rather than moving.
Those who locked in mortgage rates a few years back have done the math: selling means financing at today's rates, and that can add hundreds of dollars a month to housing costs. Most have decided it is not worth it.
The house they are in is the one they intend to keep.
Home Depot (HD) CFO Richard McPhail put a name to it on the company's most recent earnings call. Housing turnover has "never been lower as a percentage of the housing stock," McPhail said. He called it "frozen housing market conditions."
The 30-year fixed rate stood at 7.24% the week of Oct. 29, per Freddie Mac. For anyone sitting on a 3% mortgage from 2020, that number explains the freeze entirely.

#rates #richard #freddie
Gr7Ndbl8NtLy727
2 days ago
BUFFALO Funds, an actively managed mutual fund advised by Kornitzer Capital Management, released its third-quarter 2026 investor letter for "Buffalo Growth Fund". The letter can be downloaded here. The Buffalo Growth Fund advanced 4.57% in Q3, significantly outperforming the Russell 3000® Growth Index's 0.45%. The primary driver of this outperformance was stock selection in Information Technology, particularly among hyperscaler stocks that benefited from higher cloud revenue. However, rising oil prices and inflation challenged the market, prompting the Federal Reserve to raise interest rates for the first time since July 2023 and prompting caution within the Fund. The fund has reduced some positions, noting the cost of capital's impact on business models. There is optimism for hyperscalers following the upcoming Anthropic IPO, which could provide investor transparency for future capex. Also, check the Fund's top five holdings to see its best picks for 2026.
In its Q3 2026 investor letter, Buffalo Growth Fund noted that it sold its position in SanDisk Corporation (NASDAQ:SNDK) during the quarter. SanDisk Corporation (NASDAQ:SNDK) is a US-based semiconductor company that provides data storage devices and solutions using NAND flash technology for AI developers and enterprise workloads. On November 03, 2026, SanDisk Corporation (NASDAQ:SNDK) closed at $1,126.52, with a $160.29 billion market capitalization. Driven by strong momentum, SanDisk Corporation (NASDAQ:SNDK) has surged 335.83% year-to-date, trading within a 52-week range of $164.56 to $2,354.39.
Buffalo Growth Fund stated the following regarding Sandisk Corporation (NASDAQ:SNDK) in its Q3 2026 investor letter:
"In the previous quarter we determined the portfolio was lacking exposure to the memory ***** e and initiated small positions in both Micron and Sandisk Corporation (NASDAQ:SNDK). Unfortunately, the timing on Sandisk was poor as the stock advanced rapidly through the end of June and then experienced the bottom drop out with nasty momentum unwind in July. We decided to take losses on Sandisk and move on from a ***** e that has historically been incredibly cyclical. Typically, cyclical businesses like this aren't where we focus our time and this experience reminded us of that."
Sandisk Corporation (NASDAQ:SNDK) is not on our list of the 40 Most Popular Stocks Among Hedge Funds. As per our database, 128 hedge fund portfolios held Sandisk Corporation (NASDAQ:SNDK) at the end of the second quarter which was 114 in the previous quarter. While we acknowledge the potential of Sandisk Corporation (NASDAQ:SNDK) as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock.

#Growth

Nothing found!

Sorry, but we could not find anything in our database for your search query {{search_query}}. Please try again by typing other keywords.