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Good morning investors!

If this is your first time reading, welcome to The Investor’s Edge — a thriving community of nearly 20,000 subscribers striving to be better investors with an edge in the market.

Every weekend we publish “The Weekly Wrap-Up” — your ticket to being well informed and staying ahead in the investment game!

This report is designed to help investors of all skill levels break down important stories/topics within the stock market. And best of all, we cut through all of the BS and give you exactly what you need to know in easy to digest, bite sized pieces of content.

Grab your coffee and let’s dive in.

Market Talk

It was green across the board this week in the markets, with both the S&P 500 and Dow Jones making new all-time highs.

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🗨️ Chat rooms: Investors discussed the the huge moves from mega cap tech. Members also dove into the number of jobs reports and shared their views on the overall economy.

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3 Stories Moving the Market

These are some of the biggest stories from the second half of the week that had an influence on market action.

Tesla shares drop after Cybercab robotaxi reveal fails to impress

Tesla shares dropped 7% after the company's "We, Robot" event, where CEO Elon Musk unveiled the Cybercab, a two-seater self-driving concept car. The vehicle, lacking a steering wheel and pedals, failed to impress investors.

Musk said production is targeted before 2027 with a price under $30,000 but provided no details on manufacturing. He also introduced a robovan for up to 20 passengers but gave few specifics.

Additionally, Musk promised "unsupervised" Full Self-Driving (FSD) for Tesla’s Model 3 and Model Y in Texas and California next year, though FSD still requires human oversight.

Musk also highlighted progress on Tesla's humanoid robot, Optimus, which could be priced between $20,000 and $30,000.

Two key reports show inflation is running hot

Despite two hotter-than-expected inflation reports this week, markets remained unfazed.

The consumer price index (CPI) showed a monthly increase of 0.2%, slightly above forecasts, while the 12-month CPI rate dropped to 2.4%, though it exceeded expectations. The core CPI, which excludes food and energy, rose 0.3%, in line with predictions, but the 12-month core rate unexpectedly ticked up to 3.3%.

Meanwhile, the producer price index (PPI) for final demand was flat, below estimates, though revisions lifted the 12-month headline PPI inflation rate to 1.8%.

Despite these higher-than-anticipated figures, investors shrugged off the data, as they had with the strong September jobs report.

AMD launches AI chip to rival Nvidia’s Blackwell

AMD launched its new AI chip, the Instinct MI325X, targeting Nvidia’s dominance in data center GPUs.

Set to begin production by the end of 2024, AMD aims to provide a competitive alternative to Nvidia's high-margin GPUs, which have been in high demand for advanced AI applications like OpenAI’s ChatGPT.

Nvidia currently controls the majority of the data center GPU market, but AMD, historically second in this space, is looking to capture a significant share of the market, projected to be worth $500 billion by 2028.

While AMD didn’t announce major new customers, it has previously disclosed partnerships with Meta, Microsoft, and OpenAI. Pricing for the new chip has not been revealed.

In Other News

In this section, we'll be curating a selection of news headlines we think you'll find interesting. If a topic catches your eye, click the provided links to read more about it.

• JPMorgan Chase shares pop 5% after topping estimates on better-than-expected interest income

• PepsiCo trims revenue outlook as North American snacking, key international markets lag

• Uber, Lyft Shares Rise 10% After Tesla's Robotaxi Event

• Delta sales guidance disappoints, CEO says airline expects lower demand in Q4

• BlackRock's Q3 Earnings Beat Projections, AUM Soars To $11.5T

• Domino's Pizza posts mixed Q3 results, reiterates focus on value

• Celsius Stock Surges as Teen Market Share Hits 35% for Energy Drink Brand

• Wells Fargo shares jump after earnings top Wall Street expectations

• US consumer sentiment slips in October on frustration over high prices

IE+ Posts of the Week

We continue to push out more and more content every week to give investors that edge. Here are the posts Investor’s Edge+ subscribers received this week.

Edge Report

Mondays are for the investors. Every Monday morning we share exactly what we’re watching in the week ahead, how we’re positioning, and even share a sneak peek into our systems and models. This week we discussed the upcoming inflation reports and how we were preparing for the start of earnings season. See the latest full report here:

Portfolio Update - October

Every month we share a full access look into our portfolios, including holdings, performance, activity and our watchlists for the upcoming month. You can see both of our portfolios here:

Stock Deep Dive - Alphabet (Google)

Our Deep Dive focused on Alphabet this week. We not only broke down the financials of the world’s second largest technology company by revenue, but we also shared our valuation models, price targets for 2024, and put the stock through our new Edge Scoring System. You can see the full analysis here:

The Week Ahead

With the S&P 500 trading at all-time highs, the earnings reports in the week ahead have the potential to make or break the market.

Earnings Reports

It’s officially earnings season and next week is jam pack full of major earnings. Here is the list of names we will be covering next week:

• Monday 10/14: --

• Tuesday 10/15: UnitedHealth, Johnson & Johnson, Bank of America, Goldman Sachs, Charles Schwab

• Wednesday 10/16: Abbott Labs, Morgan Stanley, and Prologis

• Thursday 10/17: Taiwan Semiconductor and Netflix

• Friday 10/18: Procter & Gamble

Here is the full calendar of scheduled earnings releases:

Economic Reports

Retail sales will be the report in focus next week. But there will also be initial jobless claims, housing data, two key manufacturing reports, and a number of speeches from Fed members.

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Thank you for reading this edition of the Weekly Wrap-Up. Have a great weekend!

Until next time investors!

Mark & Chris

The Investor’s Edge

Disclosure

This is not investing advice. It is very important that you do your own research and make investments based on your own personal circumstances, preferences, goals and risk tolerance.