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The author argues the stock market is not a casino, though many people treat it like one, and quotes Warren Buffett calling it a church with a casino attached. Shares represent actual ownership stakes in businesses, whose value can rise as the companies grow. The author screens stocks by favoring businesses they can understand, with growing revenue and earnings, strong net profit margins (net income divided by total revenue), and manageable debt. Competitive advantages such as strong brands, switching costs, economies of scale, network effects and barriers to entry are also valued, along with dividend payments from established companies.
- What Is the Stock Market? It's Not a Casino. Here's How I Filter Winners From Losers.
The author argues the stock market is not a casino because shares represent real ownership in businesses, and that rapid trading in stocks one does not understand amounts to gambling. Quoting Warren Buffett, who described the market as 'a church with a casino attached,' the author says they stick to companies within their circle of competence. The author outlines seven criteria for choosing stocks: an understandable business, growing revenue and earnings, robust net profit margins, sustainable competitive advantages, manageable debt, dividend payments, and an attractive valuation. The author stresses buying when a stock seems undervalued or fairly valued, to provide a margin of safety.
- Tale of two markets: Our 3 biggest winners and losers over the past five weeks
Wall Street has grown more divided, as AI and tech stocks sold off sharply in recent days on worries about the AI trade and a hot inflation report. In the 32-stock CNBC Investing Club portfolio, CrowdStrike rose 19.4% as concerns about powerful AI models boosted cybersecurity demand, Meta Platforms gained 14.4% after new AI model releases, and TJX Companies rose 13% in a rebound from a post-earnings sell-off. Bank of New York fell 15.4%, Goldman Sachs fell 13.8% and FedEx Freight dropped 12.4%, as financials faced pressure from the Fed's first rate hike in three years and FedEx Freight was hit by higher diesel prices from the Iran war. As of Wednesday's close, the Nasdaq was down 2.5% for the week, though it was up 2.3% from the Sept. 10 meeting through that close while the Dow was down nearly 1%.
- These stocks could be the future winners — and losers — of a massive shift in IT spending
- Apple’s Strategy Is Starting to Look Like a Masterstroke of Genius
The author argues Apple's AI strategy, which runs AI on-device and leverages more than 2.5 billion active devices, is working better than rivals that spend heavily on data centers; capex in the December quarter was just $2.37 billion versus $53.93 billion of operating cash flow. Services revenue rose from $26.6 billion to $30.98 billion with a 75.6% gross margin, while Apple bought back $62.094 billion of stock in the nine months through June 27, 2026, added a $100 billion authorization and raised its dividend 4% to $0.27 per share. June-quarter revenue grew 16.36% to $109.42 billion, and EPS of $2.02 beat the $1.89 consensus. Key risks include a valuation of about 44 times trailing earnings, a one-time tariff refund boost, higher memory costs and a report of iPhone 18 Pro production cuts.
- Diesel surge is starting to push other prices around . Here how
Surging diesel prices pushed US producer inflation above expectations in September, and those costs are likely to reach consumers in the weeks and months ahead. Truck freight costs rose 19% year over year, the most in just over four years, and are responding faster than they did after the COVID-19 pandemic, supported by robust demand with the jobless rate at 4.2%. In farming, food input costs at early supply-chain stages climbed 15.6% from a year earlier, while feed products such as corn, hay and oilseeds rose more than 25%, and Oxford Economics expects food inflation to pick up later this year. Producer prices for manufacturing materials are rising at double-digit annual rates, and toy prices posted their biggest monthly rise on record in September, which could make the holiday season costlier.
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- 2 High-Flying Dividend Stocks to Buy and Hold for a Decade
The article argues healthcare is rebounding in 2026, with Merck (MRK) shares up 39% and AbbVie (ABBV) up 24% year to date, versus about 12% for the S&P 500. Merck's second-quarter revenue rose 5% to $16.6 billion, beating estimates, with Keytruda sales of $8.4 billion, though Keytruda may lose patent exclusivity by 2028. AbbVie's second-quarter revenue grew 10.2% to nearly $17 billion and adjusted EPS rose 22.9% to $3.65, driven by Skyrizi and Rinvoq sales growing about 24%. AbbVie is on a streak of 54 consecutive annual dividend increases, including its time as part of Abbott Laboratories, qualifying it as a Dividend King. The author concludes both are attractive long-term holdings based on financial results, pipelines, and dividends.
- Nvidia (NVDA) Stock Price Lags Massive Earnings Growth—A Compelling Value Opportunity
Munro Partners' Munro Global Growth Fund posted a -12.6% net return in Q3 2026, trailing the MAET.ASX return of -13.8%, with long holdings the main detractors. The fund's letter named NVIDIA (NASDAQ:NVDA) its largest contributor, citing strong earnings growth and guidance for at least 70% revenue growth next fiscal year, versus consensus of 45%. Nvidia reported quarterly revenue of USD96.2bn in August, up 106% year on year, and management said growth would have been closer to 100% without supply constraints. As of October 12, 2026, NVDA closed at $214.13, down 4.23% over the past month and up 19.23% over the past year, with a $5.16 trillion market cap and a 52-week range of $164.27 to $243.37. The fund says demand for semiconductors and AI remains strong, creating a constructive setup as capex and political fears are now priced in.
- Better Artificial Intelligence Stock for 2026: C3.ai vs. SentinelOne
The article compares C3.ai, which sells enterprise AI applications, with SentinelOne, which provides AI-powered autonomous cybersecurity. In fiscal 2026 (ended April 30), C3.ai's revenue was nearly $250.3 million, down 35.7%, with a net loss of $470.4 million and negative free cash flow of $190.7 million. SentinelOne's fiscal 2026 (ended January 31) revenue reached $1.0 billion, up 21.9%, with a net loss of $450.7 million and free cash flow of about $75.9 million, though stock-based compensation equaled roughly 388.4% of operating cash flow. The article cites C3.ai's restructuring plan from February 2026 and long government sales cycles as risks, and SentinelOne's competition from larger vendors and reliance on Amazon hosting. It says SentinelOne trades at a lower valuation relative to sales, while C3.ai has no future earnings estimates.
- Salazar Resources to Begin Drilling the Yumi Gold-Silver Veins at Tarqui, with Porphyry Drilling Planned at Monja, Ecuador
Salazar Resources closed a $3,500,000 non-brokered private placement announced on October 8, 2026, and outlined its exploration plan. Phase 1 is about 1,500 metres of drilling in five holes at the Yumi gold-silver veins on its 100%-owned Tarqui project, with drilling expected to begin in late October 2026, and the veins have not previously been drilled. Selective rock-chip samples returned 105 g/t Au and 1,038 g/t Ag, and historical BHP holes intersected porphyry-style mineralization nearby, which the company interprets as lying on the periphery of a porphyry center not yet located. Phase 2 contemplates up to about 3,500 metres of drilling in four holes at the 100%-owned Monja copper-gold porphyry target from the first quarter of 2027, subject to surface access and permits. A soil survey of about 895 samples is also planned at Quimi, part of the Tarqui-Quimi project.
- Musk: AI’s Hard Part Is “Scaling Power”: 3 Stocks Uniquely Suited to Win This New Bottleneck Trade
Microsoft said it will scale its Maia chips to multi-gigawatt deployments starting next calendar year, and Elon Musk said scaling power is the hard part of AI. The article argues power is an input that chip and app companies cannot copy quickly, which favors Vistra (VST), Constellation Energy (CEG) and GE Vernova (GEV). Vistra has lost nearly a fifth of its value over the past year even though its adjusted EBITDA rose to $5.91 billion, while Constellation's normalized EPS is expected to reach $13.29 in fiscal 2027. GE Vernova's revenue is expected to reach $60.7 billion by fiscal 2028, and Jefferies has a $298 price target on Vistra. The article warns that all three stocks could move with the mood around AI, regardless of their results.
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