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- If You Own SPY, This Lower-Cost Fund Tracks Identical Holdings for Less Than Half the Fee
The article compares SPY and IVV, two ETFs tracking the S&P 500 with identical holdings and weights, and notes that SPY charges more. According to State Street's SPY page, its gross expense ratio is 0.0945%, while BlackRock's IVV prospectus lists a net expense ratio of 0.03%. The funds are structured differently: SPY is a unit investment trust that holds dividends in cash until paid out, while IVV is an open-end fund that can reinvest dividends and earn securities lending revenue. A March 17, 2026 SPY fact sheet lists NVIDIA (7.58%), Apple (6.66%) and Microsoft (4.91%) among its top holdings, reflecting concentration in megacap technology that both funds share. The article also notes SPY's deep trading liquidity, which matters to active traders and options users, and that switching outside tax-advantaged accounts may trigger capital gains tax.
- Tesla Roadster Rocket Is the Cool 'Flying' Car You Can't Have
Tesla unveiled a new Roadster on October 15, showing the car driving up an inverted ramp, flipping mid-air and landing on its wheels using cold-gas thrusters developed with SpaceX. Reservations are priced at $50,000 for the Performance and $250,000 for the Thrust, while the single-seat Rocket is invite-only, and Musk said production begins in 2028. Tesla's website states the flying version is not approved for public road use, and no FAA or road-safety approval has been reported. The article notes that certifying a new aircraft type with the FAA can take 5 to 9 years, and that hovering requires far more power than normal flight, which is why the demo showed jumps and a flip instead.
- Is PayPal Stock a Buy at Less Than 10 Times Next Year's Earnings Guidance?
PayPal shares are more than 80% below their 2021 peak and near February's multiyear low, trading at under 10 times next year's consensus profit estimate of $5.77 per share. The article argues the market is overlooking modest growth: second-quarter revenue rose 3% year over year on a currency-neutral basis, transactions grew 8%, total payment volume rose 10%, and full-year profit guidance was raised from May. Projections call for revenue growth above 4% and earnings growth above 7% next year. In the first half of 2026, PayPal generated $2.2 billion of net income from $17 billion of revenue, a net margin near 13%, and repurchased nearly 10% of its outstanding stock over the past 12 months. The company also reports 439 million active accounts, 228 million of them used at least monthly, though the author cautions investors to keep expectations in check.
- Can You Buy Stocks With Crypto? Bybit Adds 1,000 US Stocks, but Not Every Version Gives You the Shares
Bybit now lets users buy more than 1,000 US-listed stocks and ETFs with USDC, announced Oct. 12, 2026. Orders are executed by Alpaca Securities LLC, a FINRA and SIPC member broker that holds the underlying shares, while Infra Capital Limited, regulated by Mauritius’s Financial Services Commission, acts as introducing broker. Buyers gain an economic interest, receiving gains, losses and dividends, but they are not registered shareholders and have no voting rights for now. Bybit charges no commissions on eligible trades, though other fees are not detailed. Tokenized stocks such as Backed’s xStocks are a separate product, where ownership depends on the token issuer’s rules.
- Novo Trades at Less Than 12 Times Earnings. Is This the Buying Opportunity of the Decade?
Novo's shares have fallen more than 60% after losing GLP-1 market share to Eli Lilly, and the stock trades at 11.8x forward earnings versus an 18.6x average for healthcare stocks. The article cites clinical setbacks, including CagriSema missing a 25% mean weight-loss target and losing a head-to-head trial to Zepbound, plus a failed Phase 3 study of ziltivekimab. Second-quarter net sales rose 2% to 78.5 billion Danish kroner, and adjusted earnings per share rose 5% to 6.18 DKK. Oral Wegovy has helped widen the market, and the pipeline includes zenagamtide, which showed up to 24.3% mean weight loss over 36 weeks in an early study. The author concludes Novo is not a once-in-a-decade buy, though it could deliver solid returns over the medium term.
- Trump new press secretary out after less than week
White House Press Secretary Katie Zacharia, 41, was pushed out on Friday after less than a week in the job, following a series of blunders. She had described herself as a lawyer despite admitting she had failed the bar exam, and her first briefing lasted under 15 minutes with just three questions. Her remark that China “doesn't even have proper toilets” drew a response from Chinese Foreign Ministry spokeswoman Mao Ning, who said she should “visit China more often”. Trump said he had told her to reconsider as he campaigns ahead of the November 3 midterm elections, where polls predict a drubbing, and his own ratings are falling over the war against Iran, inflation and perceptions of corruption.
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- Is Nvidia Stock Really Trading for Just 8 Times 2030 Earnings?
Nvidia is the market's most valuable company, with a market cap above $5 trillion. It trades at 27 times adjusted trailing earnings, but only about 8 times analysts' estimate for fiscal 2030 earnings, a figure the author stresses is a moving target. Revenue growth accelerated from 56% in Q2 FY 2026 to 106% in Q2 FY 2027, though guidance points to a slight slowdown in the current quarter. The stock trades at 13 times next year's earnings, and the board recently authorized a record $150 billion in share repurchases. The author also acknowledges risks such as slower growth or contracting net margins.
- US Orders Civilian Agencies to Rip DeepSeek Out of Government Systems
The U.S. Department of Homeland Security on Monday ordered civilian federal agencies to remove DeepSeek products and third-party services built on the model from their IT systems, and to stop buying them. The notice warns that using DeepSeek may transfer sensitive data to China and could produce intelligence on U.S. persons and agencies. The Commerce Department, the Navy, and the states of New York, Tennessee and Virginia had already restricted DeepSeek. The FCC votes on October 29 on barring Chinese labs from testing electronics for U.S. use.
- Tesla-SpaceX merger is 'not so easy': Analyst
Speculation about a possible merger between SpaceX (SPCX) and Tesla (TSLA) has grown on Wall Street in recent weeks. RBC Capital Markets analyst Tom Narayan says it would not be simple: SpaceX would have to acquire Tesla, likely in an all-stock deal, and would need to pay a strong premium. He sets a $480 price target for Tesla, while the shares trade near $367. The longer-term focus may be Terafab, Elon Musk's chip initiative aimed at cutting production costs by up to 90% and bypassing Nvidia and TSMC. Musk currently controls 85% of SpaceX's voting rights and 20% of Tesla's.
- Is Nvidia (NVDA) Stock Priced Right?
Chip stocks fell sharply last week, and Nvidia (NVDA) dropped nearly 2% as investors worried that heavily indebted AI companies would face higher borrowing costs after bond yields jumped for CoreWeave, a cloud company Nvidia backs. CoreWeave shares had fallen more than 15% the day before. Nvidia's own numbers show no sign of that stress: it sold $96.2 billion of chips and systems in the quarter ended July, up 106% from a year earlier, mostly from data center sales. Its net profit margin was 63.66% over the past 12 months, and management expects $108.0 billion in revenue next quarter, assuming no data center sales to China. The key risk is whether customers can keep paying for chips if interest rates stay high, and the planned partnerships to bring over $500 billion of outside capital into AI infrastructure have not yet become definitive agreements.
- Networking Stocks Rally as Tech Rebound Lifts AI Gear Makers: Ciena and Arista Climb 4%, but Cisco Barely Moves
Networking stocks rallied with the tech rebound as suppliers of AI data center gear drew buying: Ciena (CIEN) rose 4% to $347.48 and Arista Networks (ANET) climbed 4% to $183.32, well ahead of the iShares U.S. Technology ETF (IYW) at 1.29% and the Invesco QQQ Trust (QQQ) at 1.31%, while Cisco (CSCO) was practically unchanged at $107.06. Ciena's fiscal Q3 2026 adjusted EPS was $2.11 against a $1.73 consensus, with revenue up 37% year over year to $1.67 billion, and it raised fiscal 2026 revenue guidance to $6.42 billion. Its backlog reached $8.5 billion, but supply remains the limit, and management does not expect the market to return to balance before 2028. Two customers made up 41.7% of Q3 revenue, so Ciena's growth is concentrated. The next test is whether Ciena can hit its fiscal Q4 2026 revenue guidance of $1.75 billion under tight component supply.
- Gartner Predicts “80% of Neoclouds” Out of Business by 2030: Here’s Who Wins
Gartner forecast on October 14 that more than 80% of neoclouds will stop operating independently by 2030, and CoreWeave (CRWV) fell 25% last week. The article argues that hyperscalers funding AI capacity from their own cash flow, led by Amazon and Alphabet, are likely winners as credit tightens for indebted neoclouds. Amazon generated $140 billion of operating cash flow in fiscal 2025, more than covering $132 billion of capex, while CoreWeave's total debt reached $29.8 billion. Since their July 29 closing low, Microsoft, Alphabet and Amazon are up 15.6%, compared with 1.6% for IREN, CoreWeave and Nebius. Hyperscaler earnings in the coming weeks will need to show whether sold-out capacity is turning into results.
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