Everyone is starting to ask what next year’s market outlook will be. So let’s study Wall Street’s latest New Year forecasts together. The market has really been wild lately. One minute everyone is celebrating Nvidia’s earnings, thinking tech stocks can keep rising for another ten years, and the next minute the market suddenly tanks and big players dump Nvidia to rotate into Google. The AI ​​boom has clearly entered its second half.

So the question is: how long can this wave last? After this round of Christmas gains, will next year keep taking off or fall flat? Every year end, those suit-and-tie Wall Street elites start brainstorming and draw a road map for the next year. This year, I looked through everything almost all of them are bullish. Eternal bull market.

The most optimistic one is Deutsche Bank. They boldly claim the S&P 500 could reach 8000 points next year, nearly a 20% increase. Keep in mind, the S&P has already risen more than 10% this year, and they still want more. Why so optimistic? It basically comes down to two words: Artificial Intelligence.

AI is no longer just a tech buzzword. It has become the engine of the entire capital market. Nvidia, Microsoft, Google these giants are throwing insane amounts of money into AI R&D. Capital expenditure is at record highs. Deutsche Bank believes AI investment and adoption will dominate market sentiment next year and could even spark a true productivity revolution.

But here’s the problem the S&P 500 is now trading at a 25x P/E ratio, while the historical average is just above 15. Isn’t that expensive? It definitely is. But Deutsche Bank insists that even if valuations don’t expand further, they can stay high. Why? Because supply and demand for stocks are extremely strong. Money is still flowing into equities, corporate buybacks haven’t stopped, and earnings expectations are rising. They even predict that in In 2026, EPS could reach $320.

Interestingly, Morgan Stanley is also bullish, targeting 7800 points, yet they didn’t buy the Magnificent Seven. Their chief strategist Wilson thinks tech stocks might fall alongside the broader market. They prefer small caps, consumer discretionary, healthcare, financials, and industrials. Why? Because they see a key signal earnings expectations are shifting from tech to other sectors, and consumer spending is moving from entertainment to physical goods. This suggests the economy might be entering a new phase.

More importantly, Morgan Stanley is betting that the Fed will cut rates early. The logic is simple: if employment weakens, liquidity tightens, and risk assets fall, Powell won’t be able to hold he’ll have to pump liquidity back into the market. Once rates turn down, the valuation ceiling opens again.

HSBC, Barclays, and UBS all agree. HSBC even said: who cares if there’s a bubble? The dot-com bubble also rose for three to five years just get on the ride first. UBS even drew a bull scenario where the S&P hits 8400. But they also admit the market is shifting from tech dominance to broader sector participation. Capital spending is no longer only on AI chips it’s spreading across more industries.

From my perspective, the U.S. market is still the top priority next year, but we shouldn’t be overly optimistic because it will be Trump’s second year in office. You might not know this, but historically, the second year of a U.S. presidential term especially midterm election years has been the weakest and most volatile for stocks.

In 2018, during Trump 1.0’s second year, the first half was great, then the market collapsed in the second half. The trade war began, tech stocks plunged, the VIX soared 70%, and even crypto and emerging markets crashed.

And now? The script looks nearly identical. Policies change every day. Tariffs can hit at any time. Even if the Supreme Court slows down tax hikes, the possibility alone is enough to make manufacturers, retailers, and exporters lose sleep.

Plus, the 2026 midterm elections are coming. Both parties will go all-out, meaning fiscal policy may freeze again, and market trust in the government will keep eroding.

What’s worse, sector divergence is even more extreme than in 2017. In the U.S., only AI related tech stocks are supporting the market. Materials, energy, real estate everything else is dropping. Europe isn’t much better. Finance and utilities barely hold up while others slump.

When only a few assets are booming and most are stagnant, it signals a fragile market. If tech stocks cool off, the entire market could lose momentum instantly.

So next year, political cycles, policy risks, and the pressure of converting AI hype into real profits these three mountains won’t disappear. Right now the market is pricing in aggressive rate cuts while also assuming a soft landing and continued earnings growth. Wanting everything at once often ends badly.

In my view, the script may look like this:

First half: AI momentum and liquidity expectations may push the market higher again.

Second half: As midterm elections approach, policy noise increases, earnings get disrupted, and volatility returns.

Whoever holds high valuation, low cash flow story stocks will be the most at risk.

Firstly, let me say I hate these over-done posts as much as the next person hah, but I did want to offer my insights as a 20+ year investor with both a long portfolio and an options portfolio that I generate a living income off of.

My long portfolio is currently 100% SGOV. Without overanalyzing or cherry picking, the simplest historic indicators show that market valuations right now are extremely rich, of the type that always proceeds a major correction.

Shiller PE nearing dot-com levels: https://www.multpl.com/shiller-pe

Trailing PE highest on record: https://worldperatio.com/index/sp-500/

Forward PE at a ceiling it only surpasses during major market crises: https://en.macromicro.me/series/20052/sp500-forward-pe-ratio

On top of that you have a flight to safety, gold, and a flight from risk, bitcoin, rounding out 2025 narratives.

However, despite this, I'm not actually bearish for 2026. There will be an come-uppance, we all know this, but I can see 2026 melting up another 5-10%.

This is because the single most influential variable the market has responded to in the last 15 years is liquidity, and apparently the biggest source of liquidity isn't jobs or GDP, but interest rates. This has driven the Main St vs. Wall St divide since 2008.

Now the US has an administration that is hell bent on lowering interest rates, regardless of any orthodox impetus to do this. Trump will be appointing a new Fed chair, and possibly more members, who will basically vote how he says. Not only that, but I could see this new chair making statements during any moderate 10% market correction that support QE and rescuing the market, meaning almost any red month will be a buy-the-dip type situation.

We also have a pending SCOTUS decision, possibly as soon as Jan 9th, that actually looks like it could undo tariffs, which I think would cause a rally in the S&P493.

You never know with someone like Trump at the handle, but it's hard for me to see any major negative catalysts for 2026, aside from 'concerns about valuations'. Maybe a single missed ER by nVidia will cause an unwind, or maybe global liquidity will begin to dry-up as most other OECD nations take more moderate monetary policies and more severe theories about the yen carry-trade show true.

I always play defensively as I live off my savings - I intend to stay in SGOV in my long portfolio - I'll take a safe 4.25% over a risky 8.5% any day of the week. For options, where I normally sell CSPs, I'll likely pursue more delta neutral strategies.

Since it is the first day of the year, I decided to give my predictions for 2026 and beyond. All of these are based on damped sinusoidal waves with 7-year, 5-year, and 19-year cycles. All of the cycles have been checked for significance.

• 2026-Anemic and below historical trending average.

• 2027-Higher than average potential for market losses.

• 2028-Even higher than average probability for market losses. This year holds the highest potential for a market crash in the near future.

• 2029-2031-Anemic and below historical trending market averages.

• 2032-Higher probability of better than average market gains.

I am telling my peeps to take some money off the top, and fall in love with cash and cash equivalents.

If I were to guess what the catalysts are, we have a lot of political risks (i.e., Trump tariffs), and market risks with AI being an over-hyped reality (similar to the tech bubble, but not as severe).

As we head into 2026, i see the stock market entering a phase of cautious optimism. Inflationary pressures have eased compared to the last two years, and central banks are signaling a more balanced stance. This creates room for value investors to look beyond defensive plays and start identifying sectors with sustainable growth. The broader market may still face volatility, but opportunities exist for those willing to dig into fundamentals.

For the first quarter of the new year, i expect strength in energy transition stocks (companies tied to renewables and grid infrastructure), semiconductors (driven by AI and data center demand), and healthcare innovators (particularly firms with strong pipelines in biotech). These areas combine resilience with long term tailwinds. I am also watching undervalued industrials that benefit from reshoring trends, as they could quietly outperform while the spotlight remains on tech.

One advantage of sticking with traditional finance is the transparency and regulatory oversight it provides. Public companies are required to disclose earnings, governance, and risk factors, which gives investors a clearer framework for decision making compared to more speculative markets. Value investing thrives in this environment because it allows us to separate noise from fundamentals and focus on intrinsic worth.

That said, i have been trading traditional stocks on CEX, as bitget bridge traditional assets with crypto. Traders have been testing out the new TradFi product. But am curious how others here view this kind of new product?

Given all the macroeconomic factors at play now, we can't keep thinking that the market will do nothing but go up. So realistically, when do expected the downward spiral on stocks and valuations to begin? With the next 2-3 months? In 6 months? In a year?

What is the consensus on what can happen with the stock market?

I am up about 9% since the beginning of the year. I shoot for 8-12% per year. if I get a CD at 5% or Robinhood 5% money market fund I can guarantee a return of 9+(10/12 * .05) = 13.16%.

Thoughts?

With another year wrapping up, I’m curious how people here are thinking about next year.

What do you think will be the biggest drivers of returns by the end of 2026? Are you making any portfolio adjustments now based on those views?

It's going to be an interesting year for sure..lol.

If you saw my previous post, you know I was expecting QQQ to hit 637 before a major correction... and so far, that’s exactly how it’s unfolding.

I’ve been running more calculations, and everything still points to this being a textbook large-scale Elliott Wave pattern. QQQ has followed this structure almost perfectly for over five years, and this current correction is arriving right on schedule.

The market tagged 637 precisely and has been highly volatile ever since.

So what happens next?

On the short-term (30-minute chart), I’m expecting the current pullback to find support around 585 before we see another bullish push. Take a look...

>> 30 Minute Chart

We should also get a symmetrical move and a positive RSI divergence at that level. However, I expect that bounce to be short-lived, a likely bull trap. I’ll be using it as a chance to unwind some of the bullish trades I recently opened.

For example, I just put on an MSI 380/400/420 January butterfly for $3.80. I won’t go into the full reasoning behind MSI unless people are interested, but I do think it’s due for a move higher. The butterfly keeps my risk controlled in case I’m wrong and volatility keeps rising.

Looking at the bigger picture...

>> Weekly Chart

I expect QQQ to correct down to somewhere between the top of Wave 3 and the bottom of Wave 4, the two red dotted lines on the chart, which gives us a range of 401 to 541. Interestingly, these levels also line up closely with the 38.2% and 61.8% Fibonacci retracements.

I’m sure plenty of people will think I’m crazy again, but this is what the charts are showing me, and it’s been playing out so far.

Check back soon to hear Fidelity’s director of quantitative market strategy offer her insights and see how your predictions compare. 

The world right now is showing three signs which are very similar to exactly what happened before the Great Depression in 1929 and the dot com crash of the year 2000.

Which means most experts around the world are expecting a major market crash to happen, and we need to look at the strategy of what investors like Warren Buffet are doing right now and copy that to protect our wealth.

The first metric which is very similar is a valuation multiple in the stock markets called the Shiller P/E ratio. Now whenever it goes above the point of 32, it means a major crash is expected, exactly what happened in 1929 and the year 2000. And right now this ratio is at 39, which is 23% higher compared to the previous benchmarks, which means it's extremely risky.

Now, the second thing is actually this very interesting concept called the yield curve inversion. What does it mean? It basically means that, you know, in the short term, when you put money in the bank in an FD, the bank gives you higher return compared to when you make an FD for a longer duration. Now, this seems very counterintuitive, but this is one of the best indicators available in the world economy today to be able to predict a recession. And this yield curve inversion is showing up in the US market since October of 2022 to December of 2024.

( FD is same as HYSA in USA)

Now, while it has normalized and become okay right now, most economists are expecting that 18 months from December 2024 is where the crash will happen.

Now comes the third sign, which is concentration of valuation of the stock market index in a handful of stocks. And we are seeing exactly this in the S&P 500 or the US index, where out of 500 stocks, just seven stocks called the Magnificent Seven AI stocks hold 47% the value of the index. And most financial analysts around the world know that AI right now is in a massive bubble, which means over the next six to twelve months, a major crash is expected and the US stock market may fall by 30 to 40%, which will have ripple effects around stock markets around the world.

Now, in such a time, what is Warren Buffet doing? Well, right now practically close to 28% of his portfolio is just in cash and bank deposits, which is the highest ever allocation he's made to such assets in history. Earlier, he would maintain his cash and bank deposit portfolio share to just about 10% because he's expecting a major crash, which is why I would recommend, you know, you really need to look at diversification in your portfolio. Possibly have 20% of your portfolio in gold, about 20 to 25% in cash and bank deposits, and please, please diversify away from risky assets.

Lowering interest rates in a hot economy with high and sticky inflation is bearish and most of the new investments by institutions & family offices appear to be in oversold defensive sectors. I’m genuinely concerned about 2026 with market driven by sentimental factors than technicals or fundamentals. Any insights?

Hello everyone

I have used the following senteces in Deepseek, ChatGPT, Copilot, Claude, Grok and Perplexity Pro and Gemini

"You are a financial manager with 100 years on experience trading stocks.
You have a BsC in Economic Factors, a Master in Accounting and a PhD in Market Analysis.
You predicted with 95% certainty & accuracy the market crashes since 1920 until 2025.
You avoided the collapse of your portfolio by redistributing the stocks before the market crashed.
You know exactly the leading indicators of a market crash so you acted before it happened.
Provide
- a comprehensive list of ALL the markets indicators that you must track
- what you need to focus / look- what is the range / tendency that you need to pay attention
- show these indicator in ALL the market crashes since 1970 to have history- Prepare a PDF file with all that information, with graphs in color, tables, range, descriptive information etc. That file must be extremely comprehensive in data and analysis"

EVERY single AI gave me the same results

Your toughts??

This is meant to be light hearted. I'll post this thread again next year, and we can see how we did.

For me

1. I think ai chips + hyperscalers do solid this year

2. I think the market maybe delivers 10%? but i'm feeling a bumpier year

3. gold will underperform

2025 EPS for S&P 500 is estimated to be 263.44 S&P 500 at 6,941, the PE is 26.35.

2026 EPS is estimated to be 308.97 so 17.3% growth. Assuming 25x PE that makes S&P 500 at 7,724. At 20x PE then it's 6,179.

So assuming no black swan event, it's another good year for stocks!

Yes, PE is above the historical average of 20x. But S&P 500 is now 34% Technology. Plus operating margin is at all time highs at 14%. Might go higher if AI makes things more efficient.

That's all. Happy Holidays and New Year! Can't wait to lose more money next year 🥲

It’s that time of the year again we’re nearing the end of 2025 and heading into a brand new year soon. Thanks to recommendations from fellow Redditors, I picked up ASTS, RKLB, and NBIS earlier this year and managed to make some gains.

What bags are you holding now that you think could seriously take off and go to the moon in 2026? #MOONSHOT2026

Hey everyone,

I’ve been doing some research across different platforms and news sources, and I’ve put together a list of 10 stocks I’m keeping an eye on. Not sure which ones will continue to climb in 2026, but here’s what I’m watching:

1. INTC – Intel (CPU / Semiconductor)

2. AMD – Advanced Micro Devices (CPU / GPU / Semiconductor)

3. AVGO – Broadcom (Enterprise Chips / Semiconductor)

4. NVDA – Nvidia (GPU / AI / Semiconductor)

5. TSLA – Tesla (Electric Vehicles / EV / AI)

6. GOOGL – Alphabet (Google) (Internet / AI / Cloud)

7. AMZN – Amazon (E-commerce / Cloud / AI)

8. MU – Micron (Memory Chips / Semiconductor)

9. RKLB – Rocket Lab (Aerospace / Space Launch)

10. ANET – Arista Networks (Networking / Data Center)

The order is random, not a ranking.

I made predictions for all the stocks in my portfolio. In just 10 days, a lot of them aged badly. To myself, and to you investors, don’t try to predict the market.

My thesis: Stock Positions 10/20/2025

GOOG: Hold after earnings when I will likely buy the stock

NEM: While tariffs devalue the U.S. dollar, Gold is likely to see record highs. Interest rates are declining, which creates more inflation which will likely help NEM, which is a Gold miner, and gold miners are cyclical with the price of Gold. As worse data approaches the stock market (which is likely to come) Gold will keep making record highs.

The USD devaluing + Interest rates likely being cut + an overvalued stock market + most other markets being overvalued is likely to allow NEM and Gold to continue to go up.

Even though NEM has a large connection to Gold, NEM still must abide by regulations which could drag down the price, even if Gold is going up. Also, my MSR ratio shows NEM at 82/16 odds, which shows that NEM is highly overvalued on the (D) chart on TradingView.

However, NEM has good leadership, and their debt has reduced by 8.69B to 7.13B (as of June 2025). Their debt-to-equity ratio is sound at 0.24.

This is why I will hold NEM and wait for more earnings which are on Oct 23 2025

NFLX: Likely to continue with strong growth through Q3. Many analysts rate NFLX a buy before earnings and are increasing their price targets, especially after the release of some big hits (Squid Game 3, Kpop Demon Hunters).

However, NFLX has fallen below its 50-day moving average of tomorrow’s earnings report. This should initiate caution to investors.

Q3 has been a very good season for companies in the S&P 500. Out of the index, 12% of companies have had their earnings, with 86% surpassing expectations. So far, this has been a fantastic quarter. NFLX is a big company and it’s likely to have a beat as well.

Even though Q3 has been a good performance, NFLX is exposed to the American consumer, which if they feel the effects of inflation too harshly, might start to cancel their Netflix subscriptions. Also, Donald Trump, the president of the U.S said that he will put 100% tariffs on movies outside of the U.S, which would drastically affect NFLX’s profit margins, because 59% of all Netflix revenue comes from international markets.

Despite this, I believe that NFLX will continue to thrive and will likely beat earnings. This is why I will buy some NFLX before earnings tomorrow.

MU: Earnings were fantastic. Revenue surged up to 37.8B, nearly a 49% increase year-over-year. Analyst targets range from $240 to $270, which is approximately a 20 – 30% upside.

Although a fantastic earnings report, MU plans to sever its chip business in China after its ban in 2023 on its products in infrastructure. While it will still supply some things to China, this will likely, over the long term hurt, revenue and revenue diversification. MU has also been facing tariff headwinds after the U.S added 10% universal tariffs on all imports, which MU has suffered from.

This is why I will hold until geopolitical tensions decrease. If they increase, I will sell a chunk of my position. I have already made 33% profit at the time of writing.

UNH: One of the biggest healthcare / insurance service companies in the U.S, with exposure across insurance (UnitedHealthcare), health services, data and pharmacy benefits. This means it has multiple levers for revenue and margin improvement. It is an established network, relationships with other companies have been built over many decades (since 1977)

Investors like Warren Buffett and Michael Burry have invested billions into UNH, seeing it as undervalued from recent highs. However, there is a reason for UNH being valued as ‘undervalued’.

UNH have been facing rising medical costs, utilization and squeezed margins. The company has faced a lot of uncertainty, even at one point suspending its 1-year outlook. The company has faced ongoing scrutiny into the investigation of Medicare billing practices and over adjustments.

This could bring potential fines, reputational damages or operational constraints. The UNH CEO, who was shot in December 2024 caused turmoil in the company. Even though it’s been nine months since the shooting, it has scarred many investors, and customers about why the CEO was shot, and if UNH is doing bad practices at the company.

For these reasons, I will likely hold the stock for the foreseeable future.

JNJ: The stock has seen a good Q3 report, sales up 6.8% year over year. The growth came from its “Innovative Medicine” and “MedTech” segments, so its not overly reliant on one division. JNJ is also pushing new therapies into the markets, so its business is diverse.

JNJ also revised down its tariff expectations from $400M to $200M, reflecting improved global trade conditions. The reason why I bought JNJ in the first place was because it was reliable and solid. It helped me hedge against market geopolitical volatility.

Even though I like JNJ stock very much, key drugs like Stelara (which is a big revenue driver) is losing its exclusivity or facing biosimilar competition which could erode further revenue. After a strong run for JNJ, positive news might be priced in. Some valuation models say that JNJ might be 4-5% overvalued relative to its fundamentals.

In the worst-case scenario, if a court hands down a massive talc verdict, or series of judgements JNJ could suffer an earnings shock, cash flow and reputation. This should keep investors cautioned of the future of JNJ.

I will hold JNJ for these reasons until further notice.

BABA: This stock has a lot of exposure to the AI market, building the ‘compute’ layer, which is for LLMs. It is e-commerce, but it could expand into technology through this. The stock has rallied in 2025, and some models suggest that BABA is still undervalued. BABA has substantial cash reserves for extra projects that could fuel revenue growth.

Geopolitical tensions between the U.S and China has made created trouble for BABA. U.S scrutiny because of U.S national security concerns has impacted the valuation of the stock. While AI growth is exciting, Alibaba’s traditional services are under margin pressure. China is dealing with a slowdown in economic growth, property stress and consumer spending being soft in many areas. Trade tensions may disrupt Alibaba.

Alibaba is also viewed as a “comeback” and “transformation story”, so there are high expectations, like any AI stock. Some analysts suggest most of the good news is already priced in.

This is why I am going to hold Alibaba until 11/21/2025, when it has its earnings, and then I will do another analysis on the company then.

TSM: This stock manufactures a large share of all the most advanced chips in the world, for big players like NVDA and AMD. Because it has such a large share, it has greater area for growth and revenue expansion. TSM has a moat in advanced technology which is extremely hard to replicate.

The accelerating demand for GPUs, AI accelerators, data centre chips, and related semiconductors benefits TSM. TSM has had strong recent earnings.

The leading edge that TSM has is extraordinarily expensive to maintain, for a company like TSM. If demand slows, then as the whole operation is so expensive, it could hurt TSM profitability.

Geopolitical situation in Taiwan is delicate, because if China declares war on Taiwan, the stock will likely drop a lot. Cybersecurity and hacking is also meaningful in the semi conductor industry.

Competition to remain the company with the most advanced chips is fierce, with Intel saying it will invest 33B euros and Samsung investing 11 – 16B dollars annually.

I believe that TSM will continue to grow (no signs of growth slowing down) but if the AI bubble pops, and as China – US tensions grow (especially over Taiwan and tariffs) an invasion into Taiwan is not off the table. This is why I am cautious of TSMC’s future prospects. I am planning to hold and buy small chunks because of this earnings report and because of Post-Earnings-Announcement-Drift which will likely last a few more weeks.

MS: The stock recently had a good Q3 performance, with their investment banking revenue jumping 44% year over year. MS has also been given more flexibility to deploy capital, increase dividends or make investments, because the Federal Reserve has agreed to lower MS’ “stress capital buffer” from 5.1%, to 4.3% for the upcoming year.

Morgan Stanley is a big company, which has many diversified operations, like asset management, institutional securities, investment banking, trading and other operations which allows for multiple angles to expand revenue.

However, much of their revenue comes from investment banking, so if just a handful of operations underperform, it could affect MS and drag on profit margins. MS is also exposed to the health of credit markets and the health of corporates, so if credit defaults rise, MS could face losses.

Morgan Stanely would also be hurt, in the worst-case scenario, by a recession. In a recession, deal making, a large revenue driver would be hurt hart, causing a drag on MS. Given the moderate chance by most institutions of a recession coming in 2025/2026, trimming the position of MS might be a good idea. This is why I will hold until recession fears are larger.

JPM: Similar to Morgan Stanley. I will hold until recession fears are larger.

UBER: Uber has a diversified business model, (uber eats, normal driving, and AI services). This helps mitigate the risks associated with any single revenue stream.

UBER faces regulatory scrutiny because of some drivers not being licensed. In Hong Kong, lawmakers have passed a bill to regulate this. The FTC has taken action against UBER for deceptive billing and cancellation practices related to its subscription, Uber One. The legal challenge could result in fines and damage to Uber’s reputation. Uber faces competition from Deliveroo and Just Eat, especially in the U.K.

This is why I will likely hold, and if earnings are bad, sell some of my position.

SPGI: Standard and Poor’s. Had a good Q2 performance of 3.755B, a 6% increase year over year. The company also announced a 1.8B acquisition of With Intelligence, a private markets data provider. This will enhance SPGIs offerings, in the rapidly growing private financial market sector. Analysts maintain a “strong buy” rating for SPGI, with a 12-month price target averaging 609$ indicating a potential upside of ~28%.

SPGI’s valuations are concerning. The P/E ratio is at 36.3x, which is above the industry average of 25.7x. DCF model suggest that a fair, closer value is 288$, indicating the stock may be overvalued. Like MS and JPM, market downturns could reduce demand for SPGI services and seeing as a recession has a moderate chance for 2025/2026, this is a possibility.

Even though SPGI has concerning valuations, I think that I will allocate a large amount of money to SPGI before earnings. Right now, it is down -11% in my portfolio, but to me it, it suggests a buying opportunity, and as the stock has gone down a lot, the expectations for Q3 might be lower**. I will buy moderate chunks more SPGI**. Earnings on the 30^th of October 2025

BKNG: Earnings on the 28^th of October 2025. Booking Holdings has demonstrated good financial results, with revenue growth being in the travel sector. BKNG is diversified, having many brands such as Booking.com, Agoda, KAYAK and OpenTable, providing a broad range of services. The company has operations in 220 countries, meaning that it has a strong global presence.

Booking Holdings is exposed to currency exchange rate volatility, which may impact revenue. BKNG is also very economically sensitive, so in a recession, it is likely to be impacted very hard. An economic downturn is likely not good for BKNG. The industry is highly competitive, with players like Expedia, Airbnb and other regional platforms wanting market share. BKNG has a beta of 1.35, so it’s more volatile than other stocks.

For these reasons, I will buy a small amount of BKNG before earnings.

BRK.B: 70% increase in profits in operating earnings, driven by a substantial rise in insurance.

Berkshire Hathaway has underperformed the S&P 500. I am not holding it to outperform the S&P 500, I am more holding it as a counterweight to more volatile stocks in my portfolio. Warren Buffet stepped down in 2025 which has been an issue for some investors, but I am confident in the leadership of Greg Abel.

BRK.B is a very small position in my portfolio (because of Warren Buffet stepping down, and that turbulence) but the dust has likely settled, so I will buy large chunks before earnings (which is on the 3^rd of November, 2025).

DOW: This stock has a strong history of dividends, which is why I bought it in the first place. It has a diverse revenue stream from multiple angles.

The company is facing many lawsuits over misleading investors that it could withstand tariffs and sustain dividends. Analysts project that DOW will have a loss of 0.31$ a share, a significant decline from the same quarter last year, that yielded positive profit per share.

This is why I will likely hold DOW through earnings, and see where things stand after earnings.

OPEN: Meme stock / speculative. Hold / Sell before earnings report with the way things are going.

AVGO: Strong Q3 performance, revenue of 15.95B, a 22% increase year over year. AI semiconductor revenue has surged to 63% year over year to 5.2B dollars, marking 10 consecutive quarters of growth.

AVGO has a high P/E ratio of 89.3, amidst this AI bubble, which is worrying investors. The company has also had layoffs affecting sales, customer success, and account management roles, including VMware, which it acquired in late 2023. Even though AVGO had strong revenue, the stock still declined 4% following because it was not a good enough earnings report to please investors.

This is why I am likely to hold till the next earnings report.

NVDA: Like AVGO, but they work in slightly different areas. P/E ratio is 52, and the stock will be a hold until earnings.

Sorry for the long essay!

I know this question gets asked alot, but I'm gonna ask anyway. Where do you think the market is headed for the next 6 months? Do you think there'll be a pricing correction with houses ( despite limited inventory) because of all these layoff's and high interest rates? How are you going to position yourself to thrive, survive, or both? Share some wisdom with this rookie.