I am back with a BANG! Both my predictions came true. Let’s start with the one that came true more- Chewy. It fell 10%($8). Hopefully, if you owned it, you sold it, cause if you didn’t, you just lost big. The earnings report was actually not bad, with sales going up 8%, but the gloomy investors(in this case good for me) didn’t really like the future guidance, so they decided to tank the stock. As for Adobe, it went up by a measly 39 cents, but.. it recovered really well from a poor last week. It recorded an almost 6 billion dollar revenue for the third quarter and it’s AI products did really well. This is not an official prediction, but expect it to continue going up over the next week. Now, let’s get to the overall market. Most of the stuff that was notable happened on Friday. The jobs report for August showed that only 22,000 jobs were created, far below the expectation of 75,000. The market fell for a bit, because they thought maybe a recession was gonna happen, but then they realized that the Fed is now probably gonna do a rate cut so they decided to be all happy again. Outside of that, NASDAQ did really well after a bunch of favorable antitrust court decisions on Google and Apple. Apple also did their whole iPhone 17 presentation, which obviously boosted the stock. Look, I will take iPhone over Android any day of the week, but Apple has literally released the same thing for a good 6 years now. All they did for this year was just extend the camera cover. Maybe the investors know something I don’t. Outside of that, Treasury Yields dropped as investors continue hyping/hoping for an imminent rate cut. Well, that’s basically it for the week. Let’s get to the real stuff now- the predictions.
Riser
UNH- Look, Warren Buffet’s Berkshire Hathaway has bought a new stake in United Health Care. If you know anything about Warren Buffet, it is that he is the guy the market will listen to no matter what. If he buys, the market will buy, and if he sells, the market will sell. Considering that he just bought some of UNH, you can assume that others are gonna follow. It dipped earlier this year too, so the lower price point combined with the GOAT Warren Buffet is probably gonna make this stock rise.
Faller
KLA Corp- Look, AMAT hasn’t done well, and there is so much pressure on the semiconductor industry right now. With the tariffs and all the trade instability, it is probably not gonna get much better. It most likely will not tank, but it will definitely fall. Well, that is it for my predictions section and this week’s edition of Market Memo. Come back next week for a review of these predictions and a summary of the upcoming week.
Market Memo 