This stock love fest was courtesy of Northcoast Research, where analyst Keith Housum rolled out the red carpet for Symbotic, recommending a price target of $65 per share. Because nothing says “I believe in you” quite like a nice dollar amount with a fancy label.
This sad spectacle stems from a horde of news outlets and analysts, who have taken to scolding MercadoLibre as Amazon, that gargantuan, gluttonous ogre, prepares to unleash its most fiendish scheme yet upon Brazil-the land where MercadoLibre’s heart beats strongest.
The crypto world is a broken clock that occasionally tells the right time-and Bitcoin, that grizzled old outlaw, just struck a match. Up nearly 10% this week, Bitcoin’s rally is less about fundamentals and more about the U.S. government’s latest stunt, a shutdown that’s turned investors into paranoid gamblers. “Digital gold,” my ass-it’s more like digital nitroglycerin. And Dogecoin? That’s the sparkler strapped to your ankle.
Picture this: market open, 8:30 AM, coffee in hand, when BAM-Canaan drops a press release thicker than a Silicon Valley IPO pitch deck. Some mystery client (who shall remain nameless, like a crypto Batman) ordered 50,000 Avalon A15 Pro miners. That’s not just a big deal-it’s the largest order since the Obama administration’s “Yes We Canaan” campaign failed to launch.
It was after the market’s customary hour of repose that Bullish revealed its hand, declaring an intention to introduce crypto options upon its platform. This venture, set to unfold on Wednesday, Oct. 8, shall be undertaken with the aid of several esteemed companions in the financial world-Abraxas Capital Management, Flow Traders, and FalconX among them. The service, though aimed at the more discerning palate of institutional investors, promises to elevate the conversation from mere speculation to a more refined engagement with risk and reward.
The quantum realm, a domain of boundless promise yet perilous ambiguity, witnessed a flicker of validation as Rigetti Computing’s sale of two Novera systems ignited a spark. The $5.7 million in orders, a drop in the ocean of corporate ambition, yet to Rigetti, it was a beacon. But what of the broader market? Does such a transaction, a mere whisper in the grand design, herald a dawn or merely a fleeting illusion? D-Wave, ever the specter of possibility, rode this wave, its stock a mirror to the collective psyche’s hunger for salvation.
It’s a curious thing, this habit of tech stocks moving in unison. One company announces a breakthrough, and suddenly the entire sector seems to bask in the glow of progress, like a group of startled moths fluttering around a single lightbulb. September saw this phenomenon in full swing. For instance, Rigetti’s 14% jump on Sept. 11 was partly due to IonQ’s restructuring-a business pivot that, to the uninitiated, sounds about as thrilling as watching paint dry. But Rigetti, it seems, was cooking its own batch of market-moving alchemy.
October, that most auspicious month when the Veil Between Budgets² thins, brings with it earnings revelations and the sacred locking of purses for 2026. Behold three companies whose spellsheets might charm a dividend hunter’s heart: CoreWeave (CRWV), the GPU cloud conjurer challenging the Hyperscaling Trinity; Nebius (NBIS), a dark horse now hitched to Microsoft’s comet; and SoundHound AI (SOUN), whose voice-activated charms finally find mortal patrons.
Cullen’s divestment, as per the SEC’s apocryphal records, reduced its Chevron stake to 904,996 shares, a mere 1.48% of its reportable assets. One might imagine Professor Alaric Voss, the fictional scholar of financial recursion, noting this reduction as a step toward equilibrium-or perhaps a misstep in the ever-shifting maze of portfolio strategy. The remaining shares now occupy a shadowed alcove in Cullen’s portfolio, their value oscillating like the pendulum of Babel’s forgotten clock.
Amidst its sprawling enterprise lies a singular trait that beckons for investment today: its profound growth optionality.