📊 10 Stocks Cheaper Than The Market

Happy Sunday!

Gold keeps breaking records.

• Gold prices crossed $4,000 per ounce for the first time ever last Tuesday, fueled by safe-haven demand amid the ongoing U.S. government shutdown, expectations of more rate cuts, and heavy central bank buying.

That uncertainty only deepened Friday evening after President Trump announced new 100% tariffs on Chinese imports and fresh export controls on critical software, escalating trade tensions.

• Markets tumbled across the board, but gold held firm, closing the day up over 1%.

Some legendary investors see gold as protection, others see warning signs.

• Ray Dalio likened today to the early 1970s and said investors should allocate up to 15% of their portfolios to gold.

• On the other hand, Ken Griffin called gold’s surge “concerning,” noting that investors appear to be de-dollarizing and viewing it as safer than the dollar.

Despite the rally, analysts think there’s more room to run.

• Goldman Sachs raised its 2026 price target from $4,300 to $4,900 per ounce, driven by Western ETF inflows and continued central bank demand.

Some key data bites from this week that you should know:

• Morningstar shared 33 undervalued stocks to buy in Q4 2025.

• AI and automation could eliminate nearly 100M U.S. jobs in the next decade.

• Oracle reportedly only had 14% gross margins on its Nvidia cloud business.

• ChatGPT has reached 800M weekly active users.

• OpenAI’s Sora has reached 1M downloads in under 5 days.

• Fifth Third Bancorp will acquire Comerica for $10.9B to form 9th largest U.S. bank.

• NYSE owner ICE will take a $2B stake in Polymarket.

• Dell nearly doubled its growth targets for next 4 years on strong AI demand.

• Elon Musk’s xAI is looking to raise $20B with backers including Nvidia.

• Evercore ISI says the S&P 500 could jump 30% to 9,000 by end of 2026.

• Trump administration is taking a 10% stake in Trilogy Metals.

• U.S. GDP growth in H1 2025 would have only been 0.1% excluding data centers.

• U.S. accounts for 20 of the world’s 25 most valuable companies.

• Cristiano Ronaldo became football’s first billionaire with $1.4B net worth.

• Investors are making up the highest share of homebuyers in 5 years.

• AI is listed as a material risk in 72% of S&P 500 10-Ks.

• Novo Nordisk will acquire Akero Therapeutics for up to $5.2B.

In today’s newsletter:

• 🚀 AMD Is Skyrocketing

• 📈 Destroying The S&P 500

• 🏎️ Ferrari Is Untouchable

• 🏭 The Rise Of Taiwan Semi

• 💸 Cheaper Than The Market

Let’s jump right in.

📣 Together With Masterworks

Where to Invest $100,000 According to Experts

Investors face a dilemma. Headlines everywhere say tariffs and AI hype are distorting public markets.

Now, the S&P is trading at over 30x earnings—a level historically linked to crashes.

And the Fed is lowering rates, potentially adding fuel to the fire.

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It’s what billionaires like Bezos, Gates, and the Rockefellers have used to diversify for decades.

Why?

• Contemporary art prices have appreciated 11.2% annually on average

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AMD struck gold with OpenAI.

On Monday, AMD announced a landmark partnership with OpenAI.

• OpenAI will deploy 6 gigawatts of AMD’s Instinct GPUs over multiple years and across multiple generations of hardware, beginning with 1 gigawatt in late 2026.

• As part of the deal, AMD granted OpenAI a warrant for up to 160M shares of common stock, vesting based on deployment volume and share price milestones.

• If fully exercised, OpenAI could own about 10% of AMD.

CEO Lisa Su called it “a true win-win, enabling the world’s most ambitious AI buildout and advancing the entire AI ecosystem.”

Investors remain extremely bullish on a handful of names.

While the S&P 500 is up 14% YTD, several large caps have surged several times higher.

• Oklo leads the list, up nearly 600%, as enthusiasm grows around nuclear energy’s role in powering the AI era.

• Bitmine Immersion Technologies has climbed over 570%, driven by its Ethereum holdings and renewed optimism in crypto markets.

The AI buildout has also fueled the next wave of potential winners.

• IREN and Nebius are up sharply as investors pour into companies providing data center and cloud capacity for AI workloads.

• Bloom Energy is also benefiting, seen as a key player in alternative power generation for energy-hungry data centers.

MP Materials and Kratos Defense continue to rise, supported by demand for rare earth minerals and higher defense spending.

In many cases, stocks tied to fast-growing industries are being bid up well beyond underlying fundamentals, a reflection of how powerful optimism can be in today’s market.

• That said, stocks that rise this quickly can fall just as fast, especially when fundamentals are weak or growth expectations start to fade.

Ferrari’s first electric vehicle is here.

• At its Capital Markets Day, the company unveiled the Electricca, its first-ever electric car, set to begin deliveries in late 2026.

However, the company announced it was taking a more cautious approach to electrification.

• It previously aimed for 40% of its lineup to be fully electric by 2030 but now expects 20% electric, 40% hybrid, and 40% combustion vehicles.

Despite raising its 2025 revenue and profit targets, Ferrari’s stock posted its worst trading day ever as investors wanted “more horsepower” with its 2030 outlook.

• The company guided for €9B in revenue and €2.75B in operating profit by 2030, both below analyst expectations.

Ferrari trades at a massive premium, which amplified the selloff.

• Even after the drop, it still trades at 38x earnings, reflecting investors’ willingness to pay a hefty price for its unrivaled pricing power, scarcity, and brand prestige.

• This is also clearly demonstrated by Ferrari maintaining the highest operating margins in the auto industry, a testament to the strength of its luxury model.

The most important AI company?

• Many would say Nvidia.

• But Taiwan Semiconductor Manufacturing (TSMC) belongs in the conversation.

TSMC is the world’s largest dedicated chip foundry, the go-to manufacturer for Nvidia, AMD, Broadcom, and even Apple’s processors.

Last week, the company reported a 30% jump in Q3 sales to $32.5B, topping analyst estimates of $31.5B as AI demand continues to fuel growth.

• Since 2005, revenue and net income have grown at a steady mid-double-digit pace.

• The AI boom has shown no signs of slowing down, and shares of TSMC are up nearly 40% this year.

Investors will be able to get the full Q3 earnings results on October 16th.

The market is undeniably expensive.

• The S&P 500 currently trades at 23x forward earnings, above its 5-year average of 19.9x and 10-year average of 18.6x.

For investors seeking value, one area to watch is companies trading below the market’s valuation.

• While some are priced lower due to weaker results or structural challenges, others may simply be navigating short-term headwinds.

• Historically, stocks with lower valuations have tended to offer a margin of safety and present valuable long-term opportunities.

Several well-known names are trading at a discount to the market, including Salesforce, Disney, Novo Nordisk, Adobe, and PayPal.

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Notable Companies Reporting Earnings Week of October 12th, 2025:

Buys

• Sheri Biggs (R)

  • Company: The Bank of Nova Scotia ($BNS)

    • Amount Purchased: $1M - $2M

  • Company: iShares Bitcoin Trust ETF ($IBIT)

    • Amount Purchased: $100K - $250K

• John Hickenlooper (D)

  • Company: Intuit ($INTU)

    • Amount Purchased: $100K - $250K

  • Company: Palo Alto Networks ($PANW)

    • Amount Purchased: $100K - $250K

Sells

• Sheri Biggs (R)

  • Company: The Bank of Nova Scotia ($BNS)

    • Amount Sold: $100K - $250K

• John Hickenlooper (D)

  • Company: PepsiCo ($PEP)

    • Amount Sold: $100K - $250K

• Val Hoyle (D)

  • Company: Nvidia ($NVDA)

    • Amount Sold: $50K - $100K

Buys

• BGC Group ($BGC)

  • Insider: Brandon Lutnick (Director)

    • # of Shares Purchased: 8,973,721

    • $ Amount: $82,631,818

    • SEC Forms: [1]

Sells

• Dell Technologies ($DELL)

  • Insider: Michael Dell (CEO)

    • # of Shares Sold: 6,253,968

    • $ Amount: $1,000,053,261

    • SEC Forms: [1]

🤝 Review of the Week