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Amazon (AMZN) closed as one of the best performers in the S&P 500 (SPX). Intel (INTC) shares rallied after JPMorgan upgraded the stock to neutral from underweight. Similarly, the AI chipmaking space snapped a historic losing streak on Wall Street. Marley Kayden takes investors through Monday's top stories.
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The NYSE is selectively extending options trading hours in the middle of a volatile time period for options traders. Meanwhile, China's economy shows signs of strength in the face of crude oil's continuing rally. Marley Kayden and Sam Vadas turn to their final takeaways of Monday's session.
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Chris Wang highlights three stock picks outside pure-play AI: Airbnb (ABNB), Costco (COST) and Grocery Outlet (GO). He sees Airbnb as relatively insulated from AI-agent disruption while it expands hotel inventory, Costco benefiting from younger members and surging digital demand, and Grocery Outlet improving traffic and sales trends by returning to its extreme-value roots.
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Michael Saylor, executive chairman of Strategy (MSTR), returns to Market Overtime to discuss Bitcoin's move higher after an early 2026 drop, Strategy's plans for daily STRC dividends, and the company's tokenization plans. Saylor also discusses Strategy's Bitcoin holdings, his disdain for the Clarity Act, what inflation means for crypto, and how AI will impact Bitcoin.
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BlackRock's Kristy Akullian remains constructive on equities despite narrowing market breadth, pointing to broad earnings growth and continued investor demand for AI and semiconductor exposure. She highlights record ETF flows, growing interest in targeted sector investments, muni bonds like MUB and short-duration fixed income. She also favors emerging markets, including Korea and Taiwan, as a way to diversify within the AI trade rather than away from it.
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Zach Hill remains cautious near term amid earnings, geopolitical uncertainty and the midterms, but says AI CapEx remains the market’s most important driver and he would buy further weakness. He favors AI infrastructure, metals and mining, materials and industrials, while using bonds, TIPS, natural resources and international diversification to hedge inflation and a potentially weaker dollar.
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Charles Schwab's Rachel Dashiell analyzes the S&P 500’s (SPX) rebound, warning that low volume and volatility could put key support levels back in play. She sees a bullish breakout in Mastercard (MA), with $600 as an important support level, while BlackRock (BLK) is building an inverse head-and-shoulders pattern after earnings. She says strengthening momentum and volatility could set up further upside in both financial stocks.
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Global X ETFs' Pedro Palandrani discusses booming ETF demand and how investors are seeking targeted exposure to the next wave of AI investment. He highlights opportunities in MLCC electronic components tied to AI infrastructure, large language model companies through the LLMA ETF, and small modular nuclear reactors as a potential power source for data centers. Palandrani also expects ETF innovation to accelerate across private markets, prediction markets, thematic investing and international exposure, with the number of ETFs potentially doubling by the end of the decade.
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"There's no way to interpret the prints other than 'we have an inflation problem,'" says Jeff Klingelhofer. He says the Fed needs to address the "demand-side shock" and be willing to have the economy to reach its 2% inflation goal. Jeff also expects a tentative consumer pullback if Treasury yields stay elevated. David Busch adds that softening labor market poses additional challenges to its dual mandate. He now sees a greater investor focus on AI CapEx and ROI companies expect it to bring for the long-term.
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LikeFolio's Andy Swan sees improving sentiment around General Motors (GM), led by stronger SUV and truck demand as EV interest fades. He says GM’s focus on its core vehicles is resonating despite high prices and gas costs, while hybrids offer another opportunity and pure EV buyers continue to favor Tesla (TSLA). LikeFolio gives GM a moderately bullish +33 earnings score, with optimism for 2027 despite price and interest-rate pressures.
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