| The Storage Rocket That Just Hit Re-Entry |
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| This high-octane memory name just reminded everyone it doesn't do gentle pullbacks. | After an absurd 2025 run, the stock got clipped hard on a downgrade and broader AI-nerves, dragging it back toward earth in a single session. | The big question now: was that a healthy pressure-release valve…or the start of a deeper reset? |
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| | | | | | Lululemon | LULU | | Price: $206.29 | A CEO transition plus a raised earnings outlook is a rare good news / messy headline combo. | The market cheered the idea that new leadership (and a strategy refresh) could jolt product momentum, especially in women's where competition has gotten loud. | But the fine print matters: U.S. demand is softer, tariffs are a real margin headwind, and interim co-CEOs can be stabilizing…or a sign the board knows this is a tricky handoff. | International strength helps, but the brand needs fewer nice try drops and more must-have wins. | Why it matters for you: Watch U.S. comps, promo intensity, and any talk of SKU/assortment tightening. | If product execution improves while margins hold up through tariff noise, sentiment can turn fast in a beaten-down premium brand. |
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| | Mosaic | MOS | | Price: $24.86 | Fertilizer is a patience sport. Targets are getting trimmed as buyers delay purchases and pricing stays soft, which is classic late-cycle behavior in ag inputs. | The stock still screens cheap, the dividend helps you wait, and any hint of improving farmer economics (or a turn in phosphate/potash pricing) can re-rate this quickly. | The bear case is simple: weak pricing + cautious customer behavior can linger longer than you want, and "oversold" can stay oversold if the cycle won't cooperate. | Why it matters for you: Track global potash/phosphate prices, channel inventory, and management tone on demand timing. | If ordering normalizes into early 2026, the upside is less about hero growth and more about multiple + cycle mean reversion. |
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| | | | Chipotle | CMG | | Price: $35.94 | The 4,000th restaurant is a milestone, but the bigger story is the machine behind it: Chipotlanes, more efficient equipment, and a clear march toward 7,000 locations. This is boring growth done right. | There are repeatable unit economics, disciplined expansion, and incremental innovation that speeds throughput without messing up quality. | The risk is valuation fragility: when a name like this stumbles (traffic, pricing, labor), the market doesn't shrug. But if execution stays clean, scale keeps compounding. | Why it matters for you: Watch new-store productivity, traffic trends, and the mix of Chipotlane openings. | If new units ramp smoothly and margins stay resilient, the stock can keep grinding higher even without a macro tailwind. |
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| | Tesla | TSLA | | Price: $475.11 | Barclays basically said the quiet part out loud: deliveries "likely won't matter" because the stock trades more on narrative than quarterly units. | That's the bull case and the bear case in one sentence. Bulls are buying autonomy, AI, robotics, and optionality, so soft Q4 deliveries get waved off as transition noise. | Bears see a sky-high multiple, macro sensitivity, and a market that can turn on a dime if the story wobbles. Either way, it's not trading like a car company right now. | Why it matters for you: Treat it like a sentiment stock with catalysts, not a simple earnings math problem. | Watch FSD/robotaxi progress, margin direction, and any regulatory wins/losses. If narrative stays intact, dips can get bought; if not, valuation leaves little cushion. |
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| | SanDisk | SNDK | | Price: $201.87 | A 14.7% one-day drop after an enormous YTD run is the market's way of saying: prove the next leg. | Downgrade-driven selloffs tend to hit hardest when positioning is crowded and expectations are baked in, especially in memory, where cycles can go from feast to "why is this chart doing that?" in a hurry. | The bull case is still AI infrastructure keeps pulling demand through storage, pricing stays supportive, and operating leverage does its thing. | The bear case is a sentiment-led unwind turns into a longer digestion if pricing/margins don't keep impressing. | Why it matters for you: Watch next guidance, commentary on demand (datacenter vs. consumer), and any signs of pricing stability. | If fundamentals keep stepping up, this kind of flush can be a reset, not a rupture. |
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| | Poll: Which subscription would you cancel instantly if money got tight? | |
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| | Stat of the Day: 37 All-Time Highs |
The S&P 500 has notched 37 all-time closing highs in 2025, and history says that's not a danger sign by itself.
| Since 1989, the market has averaged a 13.5% return in the year after making all-time highs (vs. 11.9% in other periods). | Translation: new highs often beget more highs, because strong trends tend to persist. | The real risk isn't the market is high, it's buying the wrong stuff at the wrong price when the trend finally cools. |
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| Best Regards,
—Noah Zelvis
Everyday Alpha |
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