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Original headline: 3 things to look out for on Friday ( SP500 :) ( SP500 :) ( SP500 :)
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- 5 things to know before the stock market opens Friday
CNBC's Morning Squawk said this is the last edition written by its current author after 16 months. Stocks closed higher yesterday, but tech shares kept falling as AI cost concerns deepened: Nvidia, Advanced Micro Devices and Intel declined, while the Dow Jones Industrial Average jumped more than 500 points as money rotated into blue-chip names such as Walmart and Nike. Tesla unveiled its next-generation Roadster after years of delays, expected to enter production in 2028 with no price set, and reopened reservations at $50,000. Producer prices posted their largest monthly and annual gains since 2022, driven by energy costs tied to the Iran war, while Apple and Meta will let developers run Meta's Muse Spark model locally on Mac, and Nike is building a new global campus in Bengaluru, India.
- Our top 10 things to watch in the stock market Friday
This Investing Club newsletter covers 10 market items, starting with the Nasdaq, which fell 1.4% intraday amid an AI sell-off before closing up 0.08%. Some Anthropic investors now expect a listing at a valuation near $1.5 trillion, down from $2 trillion, over concerns about slowing revenue growth, according to Reuters, with the share sale still planned for November. CoreWeave, which fell 15.5% Wednesday, was still down over 5% premarket despite Nvidia CEO Jensen Huang dismissing concerns about its cost of capital and several analysts defending it. Tesla shares rose over 3% this morning after it unveiled a new Roadster with production targeted for 2028, while Netflix fell over 3% premarket after Chief Content Officer Bela Bajaria announced her departure. Other items include UBS raising its Cardinal Health target to $295, Morgan Stanley cutting its Boeing target to $225, and Bank of America estimating PepsiCo could lose $500 million in sales as KFC switches to Coca-Cola.
- 5 Things to Know Before the Stock Market Opens on Friday
- Happy Friday! We have flying cars now. Here's a closer look at Tesla's SpaceX-powered Roadster.
Tesla unveiled a flying Roadster using SpaceX technology, with a demo in which the car drove up a curved ramp, flipped through the air and landed using cold-air thrusters. Adam Johnson, portfolio manager at Bullseye American Ingenuity Fund, noted the demo car had no driver and that the Rocket model is invite-only and not street legal. Tesla plans three versions: a two-seat, road-legal Performance model that can climb steep hills, a two-seat race-ready version with thrusters, and the one-seat Rocket. Production is not expected until 2028 and pricing is unknown, and Johnson said the car is unlikely to be a major sales driver, though its halo effect may excite owners and enthusiasts.
- Brazilian stocks are breaking out as investors look for opportunities beyond tech
- Wall Street freaked out Friday. VIX and bitcoin say the fear may fade Monday.
The VIX jumped 21.5% to 19.99 on Friday as the S&P 500 fell 1.09% amid worries over AI stocks and geopolitical tensions, its biggest one-day rise since June 5. In 32 earlier Friday spikes of 20% or more since January 1990, the VIX fell the following Monday 25 times and rose only seven times. Bitcoin stayed above $80,000 over the weekend, and its volatility index BVIV was just under 40%, showing no sign of market stress. However, the article notes nothing guarantees a calm Monday: the VIX kept climbing sharply on Monday in seven of those 32 cases, and it remains under 20 today.
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Latest news
- J.P. Morgan Stays Top of Extel’s All-America Equities Research Table
Extel's 55th annual All-America Research Team survey ranks J.P. Morgan first in the research team table with 47 published positions, followed by BofA Securities with 44 and Morgan Stanley with 43. UBS posted the largest gain in positions, reaching 42 and climbing to fourth place. In the analyst leaders table, Jefferies takes first place with 43 positions, while UBS leads Extel's weighted ranking of research teams ahead of J.P. Morgan and Evercore ISI. The results reflect the views of 4,451 portfolio managers and analysts at 1,608 institutions across 60 sectors, with 129,919 votes counted. The number of participating institutions fell from 1,705 in 2025, but more firms now sit in the highest commission bands, rising to 89 from 82.
- Visa, Mesh partner to enable crypto spending at 175M merchant locations
Visa and crypto payments network Mesh have partnered so users can spend cryptocurrency and stablecoin balances directly from participating digital wallets at merchants on Visa's network, without transferring funds to a bank account or using a separate crypto card. Merchants receive payments through Visa's existing network without changing their checkout systems. The network covers more than 175 million merchant locations in over 200 countries and territories, and participating wallets and launch dates will be announced later. Mesh will handle funding and conversion between crypto, stablecoins and fiat, as well as onboarding and KYC requirements. The partnership follows Mesh's September integration with Bybit Pay and its $75 million raise in January at a $1 billion valuation.
- Mastercard Brings Its Fraud-Fighting Tools to Stablecoin Payments
Mastercard has launched Stablecoin Security, a tool that lets financial institutions screen stablecoin payments for fraud, scams and sanctions exposure and generate a risk score before a payment settles. Delivered through a platform-agnostic API, it combines Mastercard's payment intelligence with blockchain analytics and launches with Borderless.xyz and Keyrails as initial participants. The move addresses a blind spot flagged by a Bank for International Settlements study, which found nearly 60% of 593 million stablecoin transfers in 2025 were complex, multi-step transactions. The product extends Mastercard's broader stablecoin push, including its Global Money Platform with BVNK, and will launch first in North America, with worldwide availability expected in 2027.
- Better Oil Stock: Chevron (CVX) vs. ExxonMobil (XOM)
The article compares integrated oil majors Chevron (CVX) and ExxonMobil (XOM), whose stocks rose 45% and 58% respectively over the past 12 months as oil prices climbed. Chevron earns about 80% of its profit from upstream operations versus about 70% for ExxonMobil, which has a larger downstream and petrochemicals business. With Brent crude at $110 per barrel, well above breakeven prices of $50 for Chevron and $35 for ExxonMobil, the author argues Chevron's upstream focus suits oil spikes, while ExxonMobil's diversification helps when prices fall. Chevron offers a 3.2% forward yield versus 2.3%, and analysts expect its EPS to grow at a 26% CAGR from 2025 to 2028, compared with 20% for ExxonMobil. Both trade at 15 times next year's earnings, and the author prefers Chevron.
- 10 - Year Treasury Yield Falls 15 Basis Points as Nasdaq - 100 Slides 5 . 5 %
U.S. Treasury yields fell as tech stocks slid in the week ended Oct. 16: the 10-year par yield dropped from 5.24% to 5.09%, a 15-basis-point decline, while the Nasdaq-100 fell about 5.5%. Bloomberg linked the bond rally to commodity trading advisers cutting bearish Treasury futures positions and to investors seeking a haven, and said the joint drop in yields and the Nasdaq-100 was the first such week since the April 2025 tariff turmoil. Long-term yields had climbed for seven months on persistent inflation, a resilient economy and heavy borrowing, hitting their highest levels in more than two decades. Investment-grade companies had sold about $1.7 trillion of bonds in 2026 so far, roughly 29% more than a year earlier, with AI infrastructure borrowing intensifying competition for Treasury buyers. Rate traders still expect one Fed increase by the end of 2026 and another in 2027 ahead of the Oct. 27-28 policy meeting.
- This High-Yielding Dividend Stock Has Soared Past the "Magnificent Seven" in 2026
Target (TGT) shares are up 57% so far in 2026, outpacing the Magnificent Seven tech group, where Tesla is down 18% and Apple leads with a 26% gain as enthusiasm for AI cools. The stock is still down 39% over five years, with its last positive year in 2021, as consumers have pulled back on discretionary spending, but a new CEO and recent earnings progress have renewed investor interest. Growth in the most recent quarter, which ended Aug. 1, was 5.3%, with comparable growth of 3.6%, which the author sees as decent but not spectacular. Target trades at a P/E of 16 versus about 23 for the S&P 500 and 43 for Walmart, and its dividend yields 3% versus roughly 1% for the market, with 55 consecutive years of increases.
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