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This article first appeared on GuruFocus. Applied Materials (NASDAQ:AMAT) is back in Wall Street's good books after Mizuho upgraded the stock, betting that the next leg of global chip spending is finally gathering steam. Mizuho bumped AMAT to Outperform and raised its price target to $370 from $275, pointing to a clear pickup in wafer fab equipment spending across the U.S., Taiwan, and Japan. The firm now expects WFE spending to grow 13% in 2026 and another 12% in 2027, taking the total market to about $134 billion next year and $150 billion the year after. That's a meaningful acceleration after a choppy couple of years. What's driving it is exactly what you'd expect. AI demand is pushing chipmakers to spend aggressively at the leading edge, especially below 2nm. Mizuho sees Taiwan Semiconductor Manufacturing and Intel doing much of the heavy lifting. At the same time, China is becoming less of a headwind, with ex-China WFE spending, roughly 70% of the market, growing faster than before. Memory adds another layer of support. DRAM spending, which makes up about 29% of AMAT's revenue, is also expected to rise over the next two years as AI demand works its way through the memory supply chain.

Legendary investor Warren Buffett advises to be fearful when others are greedy, and be greedy when others are fearful. One way we can try to measure the level of fear in a given stock is through a technical analysis indicator called the Relative Strength Index, or RSI, which measures momentum on a scale of zero to 100. A stock is considered to be oversold if the RSI reading falls below 30. In trading on Friday, shares of Navient Corp (Symbol: NAVI) entered into oversold territory, hitting an RSI reading of 29.9, after changing hands as low as $14.31 per share. By comparison, the current RSI reading of the S&P 500 ETF (SPY) is 67.5. A bullish investor could look at NAVI's 29.9 RSI reading today as a sign that the recent heavy selling is in the process of exhausting itself, and begin to look for entry point opportunities on the buy side. The chart below shows the one year performance of NAVI shares: Looking at the chart above, NAVI's low point in its 52 week range is $14.10 per share, with $19.6911 as the 52 week high point — that compares with a last trade of $14.34. Find out what 9 other oversold stocks you need to know about » Also see: The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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格隆汇1月29日｜爱丽舍宫：法国支持将伊斯兰革命卫队列入欧洲恐怖组织名单。

Jacob Wackerhausen/iStock via Getty Images The All-time high resistance The S&P 500 ( SP500 ) is at the all-time high resistance that has been building since October 2025 - so that's four months of flat performance. In my opinion, this reflects a topping pattern. The price tried to breach the resistance on several occasions, unsuccessfully. The key support level is the rising 100dma (red line). Similarly, there were several attempts to breach the support level, also unsuccessfully. The 100dma support is also the bottom of the rising regression channel since the April 2025 bottom. Thus, we have a narrowing pattern or flag where the S&P 500 is unable to break to the new highs, but at the same time, it's holding the uptrend support. Obviously, this situation will resolve itself either with 1) the breakout to the new all-time highs to the 7500 level at the top of the regression channel or 2) the 100dma breakdown to the next support level at 6500 - which could mark the beginning of the major correction and possibly even a recessionary bear market with the bubble burst. Barchart The breakdown is more likely Technically, we can simply follow the chart and see what happens, where the proper strategy is to buy the breakout or sell the breakdown - no questions asked. However, fundamentally, a breakdown is more likely. First of all, we are not in a recession, although many soft-data indicators like consumer and business confidence are at recession levels. Yet, we are not trading based on recession fears at the moment. Second, inflation is not a problem - officially. The data is pointing to modestly elevated inflation, which is slightly falling. However, unofficially, inflation is a major risk due to the currency debasement and Sell America themes, as we will explain in this article. Third, credit risk is very low, based on very tight credit spreads - so this is also positive for the stock market. Altogether, the macro situation appears to be very benign and supportive of the b...

Earnings Call Insights: Renasant Corporation (RNST) Q4 2025 Management View Kevin Chapman, President and CEO, stated that 2025 was a transformative year for Renasant, highlighting "considerable improvement in our profitability and strong balance sheet growth on the heels of the completion of the largest merger in the company's history." Chapman emphasized the company's focus on maintaining and accelerating momentum, noting that "Renasant's core profitability showed significant improvement this year, fueled by the benefits of the merger with The First, along with ongoing efforts to improve efficiency at legacy Renasant." Adjusted earnings per share for the year were $3.06, marking an 11% increase year-over-year, and the adjusted efficiency ratio improved by approximately 900 basis points to 57.46%. James Mabry, Executive VP & CFO, reported that "the company's net income was $78.9 million or $0.83 per diluted share. Adjusted earnings, excluding merger charges, were $86.9 million or $0.91 per diluted share." Mabry also highlighted an adjusted return on average assets of 1.29% for the quarter, up 20 basis points from the third quarter, and an adjusted return on tangible common equity of 16.18%. Loans increased by $21.5 million on a linked-quarter basis. Mabry noted loan sales of $117 million of non-core loans and deposit growth of $48.5 million from the third quarter. "Net interest income increased $3.9 million quarter-over-quarter. Reported net interest margin increased 4 basis points to 3.89%, while adjusted margin was flat at 3.62%." Noninterest expense, excluding merger and conversion expenses, was $160.2 million, a decrease of $6.2 million from the prior quarter. Outlook Management reiterated a mid-single-digit loan growth target for 2026, with Chapman stating, "We're still targeting for the year mid-single digits. And look, I think '26 can be similar to '25, where there might be some lumpiness in the quarters." Mabry addressed expense expectations, indicating that...

格隆汇1月29日｜英国计划利用人工智能“加速”其最强大的产业发展，政府希望通过在部分领域创造新的就业机会，来抵消AI在其他领域可能带来的岗位流失。英国科技大臣莉兹·肯德尔周三承诺，将为所有英国在职员工提供AI培训，以帮助政府为英国劳动力配备面向未来的技能。肯德尔淡化了AI导致整体就业岗位减少的担忧，称相关证据“好坏参半”，同时也承认在金融和法律等领域，入门级招聘正面临冲击。摩根士丹利本周发布研究显示，过去12个月人工智能在英国导致了8%的净就业岗位减少，速度快于同类经济体。肯德尔指出，潜在的生产率提升是确保人工智能最终为英国带来净增就业的关键。

格隆汇1月29日｜伊朗最高领袖的顾问表示，任何来自美国的军事行动都将导致伊朗把美国、以色列及其支持者列为目标。

格隆汇1月29日｜市场消息：黑石集团(BX.N)考虑为密歇根州的甲骨文数据中心项目提供资金。

Senator Katie Britt (R-Ala.) recently disclosed numerous transactions that all occurred in the months of April 2025 and November 2025, according to the Benzinga Government Trades page. With the dates listed being in April 2025 and Nov. 7, 2025, these trades are likely violations of the Stock Act, according to well-known congressional trading trackers on social media. PelosiTracker tweeted that Britt disclosed a purchase of JPMorgan (NYSE:JPM) stock while she sat on the Senate Banking committee. “$JPM is up now up 27% since her purchase. But the worst part is you couldn't have even followed this. Because she violated the STOCK Act by disclosing this trade hundreds days late. Her fine? $200, less than the price of a speeding ticket in most states," the tweet continued. Quiver Quantitative also tweeted on the matter: "BREAKING: We just caught more STOCK Act violations. Senator Katie Britt just filed over a dozen stock transactions months past the filing deadline. She bought Google, $GOOG, in April. It has risen 106% since then.” Benzinga reached out to Britt for comment. Britt’s husband, former NFL player Wesley Britt, could have made the trades disclosed, which were listed as being made by a spouse. The timing of the trades would still be in violation, whether made by a spouse. The Stock Act currently requires members of Congress to disclose their stock, options and cryptocurrency purchases and sales over $1,000 within 45 days of the transaction date made by themselves or spouses. Among the trades disclosed were some stock positions that were taken in April 2025 and the stock then later sold the same month or in November 2025. Here are those trades: Senator's Trades Draw Red Flags As Investors Miss Out On Gains Along with the timing of the trades possibly violating the Stock Act, Britt's position on the Senate Committee on Banking, Housing and Urban Development and the purchase of JPMorgan stock has drawn criticism and potential conflicts of interest. It has become in...

laddawan punna/iStock via Getty Images Market Overview International equities advanced in the fourth quarter, ending 2025 on a positive note despite bouts of volatility. Markets were supported by strong AI-related investment, solid corporate earnings, and increased liquidity from the US Federal Reserve (Fed). Contained US inflation enabled decisive policy action as the Fed cut rates twice, ended quantitative tightening, and initiated Reserve Management Purchases. The European Central Bank held rates steady, while easing UK inflation prompted a December cut by the Bank of England. In Japan, Sanae Takaichi became prime minister as the Liberal Democratic Party formed a minority coalition with the Japan Innovation Party. Her economic-security agenda boosted nuclear, defense, and tech stocks, while bond yields climbed on expectations of expansionary fiscal policy. The Bank of Japan raised its policy rate by 25 basis points (bps)* to 0.75%, signaling more hikes ahead. Global markets also benefited from improving trade conditions as the US statutory tariff rate fell to 15.7% from an April peak of 30% after US President Donald Trump and Chinese President Xi Jinping agreed to deescalation measures. Gold hit record highs above US$4,000/oz, while bitcoin fell more than 25% from its peak. The MSCI ACWI ex USA Index (Net) returned 5.05% for the quarter. Within the Index, eight of the eleven sectors rose over the period. Information technology and materials were the top-performing sectors. Performance Summary The Hartford International Opportunities Fund (I Share)( IHOIX ) underperformed the MSCI ACWI ex USA Index during the quarter. Sector allocation, a result of our bottom-up stock-selection process, was the primary driver of underperformance. An overweight to communication services and underweight to materials was partially offset by our overweight to information technology. Security selection contributed to returns. Strong selection in healthcare and information technology wa...

In trading on Wednesday, shares of uniQure N.V. (Symbol: QURE) crossed below their 200 day moving average of $23.97, changing hands as low as $23.63 per share. uniQure N.V. shares are currently trading off about 1.9% on the day. The chart below shows the one year performance of QURE shares, versus its 200 day moving average: Looking at the chart above, QURE's low point in its 52 week range is $7.76 per share, with $71.50 as the 52 week high point — that compares with a last trade of $23.88. Click here to find out which 9 other stocks recently crossed below their 200 day moving average » Also see: The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Legendary investor Warren Buffett advises to be fearful when others are greedy, and be greedy when others are fearful. One way we can try to measure the level of fear in a given stock is through a technical analysis indicator called the Relative Strength Index, or RSI, which measures momentum on a scale of zero to 100. A stock is considered to be oversold if the RSI reading falls below 30. In trading on Wednesday, shares of Skyworks Solutions Inc (Symbol: SWKS) entered into oversold territory, hitting an RSI reading of 29.5, after changing hands as low as $54.02 per share. By comparison, the current RSI reading of the S&P 500 ETF (SPY) is 58.1. A bullish investor could look at SWKS's 29.5 RSI reading today as a sign that the recent heavy selling is in the process of exhausting itself, and begin to look for entry point opportunities on the buy side. The chart below shows the one year performance of SWKS shares: Looking at the chart above, SWKS's low point in its 52 week range is $47.93 per share, with $90.90 as the 52 week high point — that compares with a last trade of $55.55. Find out what 9 other oversold stocks you need to know about » Also see: The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

美国移民与海关执法局（ICE）有关将在米兰-科尔蒂纳丹佩佐冬奥会期间参与本国安保工作并为意大利提供支持的表态，引发意大利国内广泛争议。尽管近期的普雷蒂之死并非由ICE所致，但美国联邦执法机构此前的“种种劣迹”依然让不少意大利人感到担忧。27日，米兰所在伦巴第大区议会上，不少议员高举“ICE离开”的标语，表达心中的不满。（央视新闻）

Greenland Technologies ( Nasdaq: GTEC ) on Wednesday said it has priced an underwritten public offering of 5,083,330 units at $1.20 per unit. Each unit consists of one ordinary share and four-fifths of one warrant, with each whole warrant exercisable for one ordinary share at $1.20 per share. The warrants are immediately exercisable and will expire three years from issuance. Gross proceeds from the offering are expected to be about $6.1 million before underwriting discounts and expenses. The company said it plans to use the net proceeds for working capital and general corporate purposes. The offering is expected to close on or about January 29, subject to customary conditions. GTEC is -14.16% to $1.03. Source: Press Release More on Greenland Technologies Seeking Alpha’s Quant Rating on Greenland Technologies Historical earnings data for Greenland Technologies Financial information for Greenland Technologies

Bookings surged in the fourth quarter, indicating strong demand. The AI boom is broadening. Much like Intel has been a turnaround winner on the market over the last six months, ASML (ASML 2.93%) has also caught investors' eyes, becoming the latest semiconductor stock to bounce back after lagging behind. ASML is the world's only maker of extreme ultraviolet (EUV) lithography machines, which make the most advanced chips. These are highly complex, very expensive machines, and because ASML only sells around 100 of them each quarter, the stock is highly sensitive to the demand cycle, which operates at a different cadence from semiconductor demand. Coming into the fourth quarter report, ASML had mostly reported middling results in recent quarters, showing slow bookings growth. However, the stock doubled over the last six months on signs that the semicap, or semiconductor cycle is turning, and, indeed, its bookings soared in the fourth quarter. What we learned from ASML's fourth quarter Investors didn't seem to know what to make of ASML's latest update. The stock jumped in pre-market hours, trading up around 5%, but quickly turned negative once the regular session began, perhaps a reflection of valuation concerns. ASML's revenue rose 6.6% in the quarter to 7.58 billion euros, and earnings per share was up 7.3% to 7.34. However, investors seemed more impressed with the direction of the business as it recorded 13.2 billion euros in bookings in the quarter, more than double from the quarter a year ago, and bookings for the year rose 48% to 28 billion euros, a bullish sign for future growth. CEO Christophe Fouquet said, "Over the past quarters, we have seen a notable increase and acceleration of capacity expansion planning across a large majority of our customer base." ASML's guidance for 2026 called for modest growth as it typically takes the company 12 to 18 months to convert bookings into revenue, once its machines are deployed. The company sees revenue of 34 billion-39 bil...

Key Points ASML sees revenue growth accelerating in 2026. Bookings more than doubled in the fourth quarter. After strong gains in premarket trading, the stock pulled back, potentially indicating valuation concerns. 10 stocks we like better than ASML › The AI boom is broadening. Much like Intel has been a turnaround winner on the market over the last six months, ASML (NASDAQ: ASML) has also caught investors' eyes, becoming the latest semiconductor stock to bounce back after lagging behind. Where to invest $1,000 right now? Our analyst team just revealed what they believe are the 10 best stocks to buy right now. Continue » ASML is the world's only maker of extreme ultraviolet (EUV) lithography machines, which make the most advanced chips. These are highly complex, very expensive machines, and because ASML only sells around 100 of them each quarter, the stock is highly sensitive to the demand cycle, which operates at a different cadence from semiconductor demand. Coming into the fourth quarter report, ASML had mostly reported middling results in recent quarters, showing slow bookings growth. However, the stock doubled over the last six months on signs that the semicap, or semiconductor cycle is turning, and, indeed, its bookings soared in the fourth quarter. What we learned from ASML's fourth quarter Investors didn't seem to know what to make of ASML's latest update. The stock jumped in pre-market hours, trading up around 5%, but quickly turned negative once the regular session began, perhaps a reflection of valuation concerns. ASML's revenue rose 6.6% in the quarter to 7.58 billion euros, and earnings per share was up 7.3% to 7.34. However, investors seemed more impressed with the direction of the business as it recorded 13.2 billion euros in bookings in the quarter, more than double from the quarter a year ago, and bookings for the year rose 48% to 28 billion euros, a bullish sign for future growth. CEO Christophe Fouquet said, "Over the past quarters, we have seen a...

Blackstone Inc. is considering expanding its financial commitment to Oracle Corp. ’s data-center project in Michigan even as other investors have balked at the risks. The alternative asset manager, which had already been in talks to provide equity capital, is also mulling a debt investment to help bolster the site’s financing, according to people familiar with the matter. Bank of America Corp. is leading a push to raise debt for the project, with an initial $14 billion goal. The deal for the site in Saline Township, Michigan, has drawn heightened scrutiny since last month, when Oracle confirmed that Blue Owl Capital Inc. , a partner in some of its other AI infrastructure projects, wasn’t contributing equity. Oracle’s stock has tumbled in recent months, and the cost to insure its debt against default surged, leading some potential investors to doubt that the initial terms for the project can hold up given the market tumult, the people said, asking not to be identified discussing private deliberations. Spokespeople for Oracle, Bank of America and Related Digital, the project’s developer, said the financing is progressing as planned. A representative for New York-based Blackstone declined to comment. “Bank of America is leading the financing discussions with banks and other investors, and it is moving forward towards closing as scheduled,” a spokesperson for the lender said. Oracle-Blue Owl Decoupling Rattles Markets Ahead of Debt Deluge Blackstone Bets on AI With a $25 Billion Empire of Data Centers Blackstone Makes $5.7 Billion Bet on Power With TXNM Deal Oracle is not the borrower, but instead provides a long-term lease to use the facilities, which creates cash flow to make lenders comfortable with the deal. In Michigan, Oracle is using an off-balance sheet arrangement that it previously used for projects in Wisconsin, Texas and New Mexico . The company has committed $248 billion to data-center leases that haven’t yet commenced. Blackstone has pumped billions of dol...

Blackstone Mulls Committing Debt to Oracle’s Michigan Project Bloomberg.com

黑石集团考虑向甲骨文位于美国密歇根州的项目提供债务融资。

The consumer tech leader's monster success continues to provide it with tremendous profits and a robust balance sheet. Thanks to the incredible popularity of products like the iPhone and Apple Watch, as well as its deep bench of services, Apple (AAPL 1.27%) has become one of the most successful companies of all time. Over the past three decades, its share price has increased by about 910-fold (as of Jan. 23). This business operates from a position of immense financial power, supported by net income that totaled $112 billion in its fiscal 2025 (which ended Sept. 27). Apple's profits find their way to its balance sheet; at last report, it had $132 billion in cash, cash equivalents, and marketable securities on the books. Here's one brilliant idea for what Apple could do with all that liquidity. It's time to "Think Different" Like its old marketing slogan, it's time for Apple to "Think Different." The consumer technology enterprise should seriously consider adding Bitcoin (BTC +1.80%) to its balance sheet. If it did so, it would follow in the footsteps of Strategy, which pioneered the Bitcoin treasury company model. Shares of that company, formerly known as MicroStrategy, are up by 1,110% since it first bought Bitcoin in August 2020 and rapidly pivoted the center of its business model to crypto investing. CEO Tim Cook and his management team wouldn't need to go all-in right away. Perhaps the goal in year one might be to allocate 10% of the current $132 billion of liquidity to Bitcoin. Bitcoin's price has soared by more than 22,000% in the past decade. Even if one forecasts a more reasonable 25% compound annualized growth rate over the next 10 years, Apple could turn a $13.2 billion investment made now into $122.9 billion by early 2036. If the company uses a dollar-cost averaging strategy to steadily invest 10% of the free cash flow it generates each quarter into the digital asset, that ending figure would get significantly larger -- assuming that Bitcoin, currently dow...

It’s not stock charts; it’s your mindset. This veteran trader’s insider tips can sharpen your skills.

Key Points It's time for Apple to think outside the box as it looks for ways to increase shareholder value. When it comes to capital allocation, the tech giant could consider taking a page from Strategy's playbook. 10 stocks we like better than Apple › Thanks to the incredible popularity of products like the iPhone and Apple Watch, as well as its deep bench of services, Apple (NASDAQ: AAPL) has become one of the most successful companies of all time. Over the past three decades, its share price has increased by about 910-fold (as of Jan. 23). This business operates from a position of immense financial power, supported by net income that totaled $112 billion in its fiscal 2025 (which ended Sept. 27). Apple's profits find their way to its balance sheet; at last report, it had $132 billion in cash, cash equivalents, and marketable securities on the books. Where to invest $1,000 right now? Our analyst team just revealed what they believe are the 10 best stocks to buy right now, when you join Stock Advisor. See the stocks » Here's one brilliant idea for what Apple could do with all that liquidity. It's time to "Think Different" Like its old marketing slogan, it's time for Apple to "Think Different." The consumer technology enterprise should seriously consider adding Bitcoin (CRYPTO: BTC) to its balance sheet. If it did so, it would follow in the footsteps of Strategy, which pioneered the Bitcoin treasury company model. Shares of that company, formerly known as MicroStrategy, are up by 1,110% since it first bought Bitcoin in August 2020 and rapidly pivoted the center of its business model to crypto investing. CEO Tim Cook and his management team wouldn't need to go all-in right away. Perhaps the goal in year one might be to allocate 10% of the current $132 billion of liquidity to Bitcoin. Bitcoin's price has soared by more than 22,000% in the past decade. Even if one forecasts a more reasonable 25% compound annualized growth rate over the next 10 years, Apple could turn a...

Victor Golmer/iStock Editorial via Getty Images On Wednesday, February 4th, Novo Nordisk ( NVO ), the pharma giant responsible for Ozempic and Wegovy, is set to report earnings before the bell. Although long term prospects remain highly favorable for Novo Nordisk shareholders, backed by stronger-than-expected order numbers for their new oral weight loss pill and first-mover advantage, investors may be overlooking a critical piece of information that may lead to disappointment in the upcoming earnings release. More specifically, I foresee that Novo Nordisk will reveal disappointing guidance for 2026, causing a temporary, but sharp selloff. In this article, I would like to dive deeper into this risk, and why I believe investors may be missing this key consideration. Why The Growth Story Narrative is Picking Up With recent back-to-back positive news, investors have finally started to regain hope in Novo Nordisk. This is not surprising - in just around one month, Novo Nordisk has: Shown impressive numbers for early oral Wegovy prescriptions Benefitted from Eli Lilly's ( LLY ) Orforglipron delays with the FDA Gotten UK approval of a higher Wegovy dose Established a key partnership with Amazon pharmacies It's no wonder why the stock has seen a more than 20% gain in under a month. Data by YCharts With earnings just around the corner, investors are focusing not only on the Q4 2025 results, but even more importantly, on the guidance for 2026. Looking at the current rally, I believe that there are many reasons why investors would like to believe that NVO's guidance is expected to significantly improve. As investors are well aware, Novo has displayed highly impressive early orders for their new oral Wegovy pill. In just the first 4 days, the new pill has achieved 3,071 prescriptions, and a total of 18,410 U.S. prescriptions in the first full week after its launch. Novo Nordisk's Oral Wegovy (Consumer Affairs) This unprecedented prescription rate represents a significant beat o...

Key Takeaways The Nasdaq Composite approached a fresh record high Wednesday as semiconductor stocks rallied following strong results from chip manufacturing equipment supplier ASML Holdings. The Nasdaq last closed at a record in late October, right before Big Tech earnings reports fueled debate on Wall Street about an AI bubble. Investors will be hoping to see evidence that massive AI investments are paying off when Microsoft and Meta report results after the bell Wednesday. The Nasdaq Composite came within a hair’s breadth of a new high on Wednesday when several earnings reports suggested the AI infrastructure boom isn’t slowing down anytime soon—and with several more big ones right around the corner. The Nasdaq jumped 0.7% at the open to trade at 23,986, its highest price since early November. (The index was about flat in recent trading.) Its last record closing high—23,958.47—came on Oct. 29, right before earnings reports from tech giants amplified the debate on Wall Street about an AI bubble, dragging on tech stocks. Why are we back here? Because this year, investors have put those concerns aside to focus on the booming businesses of the companies supplying the technology that enables AI. Why This Is Important The AI rally lifted the major indexes to a series of record highs last year before concerns about overspending on AI infrastructure dragged on tech stocks in the final months of the year. The Nasdaq has almost recovered from those losses, but earnings reports on Wednesday evening could revive AI bubble worries. A shortage of memory and data storage technology has boosted the earnings and shares of chip makers like Micron (MU) and storage device makers like Sandisk (SNDK) and Western Digital (WDC). That shortage—plus seemingly insatiable demand for advanced semiconductors—has also lifted the stocks of chip manufacturing equipment suppliers like Lam Research (LRCX) and Applied Materials (AMAT). Chip stocks were buoyed earlier this month when Taiwan Semicondu...

Intense winter storms stress the power grid and demonstrate the value of reliable nuclear generation and robust natural gas infrastructure.

Robert Way Amazon’s ( AMZN ) encroachment in the grocery delivery business has weighed on Instacart ( CART ), resulting in a 25% correction in the stock since this summer. But instead of making an argument for buying Amazon ( AMZN ) shares, Morgan Stanley’s Brian Nowak argues this is an opportunity to jump into Instacart ( CART ). With a total addressable market (TAM) of $1.7T, the largest remaining offline TAM and an “important bucket of spend,” the grocery business is ripe for investment, and Amazon ( AMZN ) has made significant moves in capitalizing on its potential. “We have seen Amazon methodically invest, iterate, analyze, and press investment in the past…and see grocery over 6 months as another developing example of this,” Nowak says, and that Amazon’s grocery announcement has led to “peak tactical fear at CART.” But dismissing Instacart ( CART ) might be premature at best and a strategic error at worst, as the recent sell-off is creating a buying opportunity ahead of the company’s Q4 release on February 12. Expected to have earned an adjusted profit of $0.95 per share on $969.95M in sales in the fourth quarter, Instacart ( CART ) will enjoy a gain of 280% and 10% from a year ago, respectively. Despite Amazon’s ( AMZN ) deep pockets and aggressive moves into the grocery delivery business, the case for Instacart ( CART ) is equally compelling. First, Instacart’s ( CART ) “sticky subscriber base” is a formidable rival to Amazon ( AMZN ) given the reluctance of consumers to switch subscriptions that are more convenient. Second, Nowak argues that Instacart ( CART ) is better positioned to capitalize on agentic tailwinds given its access to retailer inventory, logistics, and partnership with ChatGPT, all of which is an “underappreciated growth driver near-term” for CART. And finally, Nowak views Amazon ( AMZN ) as a greater threat to smaller peers than to Instacart ( CART ). “While Amazon naturally raises long-term growth concerns, we believe a large part of Amazo...