Good Morning BullBuzzers!
"Failure is simply the opportunity to begin again, this time more intelligently."
⚡TODAY IN 10 SECONDS
The 10-year closed at 5.31% Monday, its highest close in 24 years, yet the Nasdaq and Nvidia set records, and this morning yields and oil are easing as Google signs a major nuclear deal with Constellation.
Our idea is Nucor ($NUE), and the level to watch is Brent at $100.
FOCUS OF THE DAY
Secret #9: Review Losses Harder Than Wins
Monday handed the bears a perfect setup: the 10-year hit a 24-year closing high and services prices ran their hottest since 2022. The Nasdaq closed at a record anyway. Anyone who sold because "yields this high must break stocks" took a loss, and the honest review is that rising yields alone haven't stopped earnings-driven buying all year. We owe ourselves the same review: our $ADSK zone missed filling by 21 cents, our third unfilled pullback zone in five issues while the stock ran without us. The fix we're applying today: when the catalyst is fresh, set the entry around the price, not below it.
Find all 10 Secrets to Success at the bottom of today's issue.
📰 HEADLINES
Google signs a big nuclear deal with Constellation. The 20-year agreement funds more than $4.3 billion of upgrades at 11 Constellation reactors, adding 890 megawatts of new capacity, plus a 15-year supply deal for 2,700 more. $CEG is up about 6% pre-market near $284, a week after its Amazon deal (BusinessWire, Bloomberg, Investing.com).
Records despite a 24-year yield high. The Nasdaq rose 1.05% to a record 27,477.31 and Nvidia closed at a record $238.90, nearing a $6 trillion value. The S&P 500 sits 0.6% below its August peak even as the 10-year closed at 5.31% (Reuters, Yahoo Finance, CNBC).
Services inflation heats up. The ISM services index slipped to 54.9, but its prices-paid gauge jumped to 74.0, the highest since July 2022 and above the 72.9 forecast. That keeps a December rate hike largely priced in (ISM, Trading Economics, Reuters).
Oil slides below $100. Brent fell about 2% to near $98.40 as G7 nations release 100 million barrels of crude and diesel and Middle East exports topped pre-war levels on several days. Hormuz remains restricted (Reuters, Investing.com, Benzinga).
Option Care jumps on buyout talk. Shares are up about 21% pre-market near $28.21 on reports McKesson and Clayton Dubilier & Rice are near a $5 billion-plus deal, with an announcement possible today (Financial Times, Bloomberg, Reuters).
🎯 IDEA OF THE DAY
Nucor is America's largest steelmaker, melting scrap into sheet, plate and beams for cars, buildings, and data centers.
Monday it raised hot-rolled steel to $1,230 a ton, and materials led every sector. With the 10-year near 5.3%, companies that can raise prices hold up best, and Nucor guided Q3 earnings to $5.55 to $5.65 a share, more than double a year ago. Monday's 4.6% jump broke a three-week range.
That guide came in about 10% under forecasts, so the Oct 26 report still has a high bar.
🔔 HEADING INTO THE OPEN
Bird's-Eye: Stocks and bonds keep disagreeing, and stocks keep winning. With Q3 earnings expected up more than 30% and the S&P 500 within 1% of a record, the path of least resistance is higher until the 10-year makes a new high. Buy pullbacks in earnings leaders, not rate-sensitive stories.
Ground Level: The AI power trade just got its third catalyst in a week: Amazon and Google deals for Constellation, plus Michigan's approval of DTE's Google contract. Chasing a 6% gap in $CEG is late. Watch whether $VST and $TLN follow on a red open, where the risk is easier to define.
Under The Hood: Cheaper oil is the bond market's best friend right now. Brent under $100 lowers the inflation fears behind 74.0 services prices and a 30-year that touched 5.70%. If oil holds below $100 into Wednesday's Fed minutes, the 10-year has room to drift toward 5.20%.
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For education only — not financial advice. BullBuzz™ by TRDR Media shares opinion and analysis, not recommendations to buy, sell, or hold any security. TRDR Media is not a registered investment adviser and does not manage or solicit funds. Trading and investing carry a substantial risk of loss and aren't suitable for everyone. Any prices, levels, or data may be delayed or estimated, and past results or prior calls don't guarantee future performance. You alone are responsible for your decisions. Consult a licensed financial advisor before trading.