Do u know Fortinet sells firewalls, the physical boxes that sit in a company’s network and inspect what goes in and out. It also sells the subscriptions that keep those boxes updated against new attacks Then Fortinet reported. On 29 October, it fell 20.1%, from US$174.08 to US$139.10, and about US$26 billion of market value went with it. CrowdStrike fell 2.1% that day and Palo Alto 3.5%, so this was about Fortinet, not the sector. The trigger looks absurdly small. Fortinet cut the midpoint of its full-year service revenue forecast by US$40 million, from US$5.20 billion to US$5.16 billion. That is 0.8%. In the same release, it raised its total revenue forecast by US$70 million and its billings forecast by US$193 million. You still remember In April, Anthropic said its Mythos model had found

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Companies going public like to put a number on the market they could win. It is called the total addressable market. Anthropic doesn’t use the term, but it gives a number that does the same job. It says the work done by the world’s knowledge workers, people paid to think, write, analyse and decide, was worth more than US$40 trillion in 2025. Its near-term opportunity, it says, is to make that work more productive. That tops SpaceX, which listed earlier this year. Its prospectus claimed “the largest actionable total addressable market in human history”, at US$28.5 trillion. US$26.5 trillion of that was AI. Where does US$40 trillion come from? Anthropic took what American knowledge workers earn, using US government wage data, and scaled it up to the whole world. So it is, roughly, the world’

Anthropic’s net revenue retention is about 900%. In plain terms, business customers who were paying it a year ago now pay nine times as much, on average. What are they paying for? Mostly usage. 80% of revenue in the first half of 2026 came from customers paying for what they use, whether through Anthropic directly or through Amazon, Google and Microsoft’s clouds. That covers companies building Claude into their own products and staff running Claude Code all day. The other 20% came from subscription plans. The 900% leaves out people on the Pro and Max plans for individuals, so it isn’t people upgrading their plans. It is companies putting Claude to work on more and more of what they do. And the biggest companies have barely started. More than half the Fortune 500 now pay Anthropic at least

We think Anthropic is in good health today, and that the next two years decide whether it stays that way, as the computing bills arrive faster than the revenue that has to pay them. Watch for “buy the rumour, sell the news”. Chip stocks had a rough October. The Philadelphia Semiconductor Index fell 19% from 6 October to 22 October, on worries about how much is being spent on AI. Then the filing came out and the index jumped about 3% in a day, with Nvidia and Broadcom up about 3% each. The excitement can fade just as fast once trading starts. A listing this size also needs buyers, and some funds will sell other AI stocks to make room for ANT. Remember Facebook. It listed at US$38 in May 2012, fell below US$20 by August, and slid further when the first lock-up ended. We wouldn’t chase AI sto

Alphabet paid a US$5.2 billion EU fine, and it built up US$3.2 billion of chip systems it will sell to customers later. Even after adding both back, free cash flow is still slightly negative. Over the last 12 months it was US$19.7 billion, against US$73.3 billion for 2025.,the spending is not slowing. Alphabet expects US$195 billion to US$205 billion of capex this year, and says 2027 will “increase significantly” from there. That spending comes back as a cost later. About 65% of it went into servers and networking, which Alphabet writes off over six years. Depreciation was US$8.4 billion this quarter, up from US$5.6 billion a year ago. The chief financial officer said it will “continue to weigh on the P&L”. In plain words, today’s capex is tomorrow’s expense, and most of it has not sta

We have seen AI stocks fall this hard twice before, and each time the reason was different. In January 2025 the worry was demand. China’s DeepSeek showed it could build a capable AI model for a fraction of the usual cost, and investors wondered whether the world needed so many expensive chips. Nvidia fell 17% in a single day. In June and July this year, the worry was a glut of chips, made much worse by forced selling due to overleveraging.This time, bond prices went up instead. That points to a flight to safety. Investors are selling risky assets and piling into government bonds, and the extra demand pushes bond prices up. Their worry is that some of the money lent to AI companies could go bad. And if it does, who is going to fund the AI build-out? The credit market is saying the same thin

What happened to last quarter stock price?  The second quarter was weak. Organic revenue fell 1%, US pet medicine sales fell 11%, and management cut its full-year revenue forecast for the second time this year, to $9.12 billion to $9.32 billion. The stock rose 3.9% on the day anyway, a sign the price was pessimistic. In September, management said the discounts it was using to win customers back from rivals hadn’t worked well enough, so it made them bigger in the third quarter. List prices were not cut though, just bigger discounts. stock like Zoetis It fell to $69.10 on 1 Oct, then recovered to $82.00, 6% above where i wrote about it before Where we stand the fair value is $125 to $155, and the stock trades 34% below the low end.this show market still not very pessimistic yet 

On 9 October, Prime Minister and Finance Minister Datuk Seri Anwar Ibrahim tabled Budget 2027, the fifth and maybe the last of the MADANI government.The headline figure is a record RM510 billion in total spending and investment, up from RM470 billion. Within that, federal expenditure is RM459.8 billion, made up of RM376.8 billion operating and RM83 billion development. The government is forecasting 4.2% to 5.2% GDP growth for 2027 and targets a fiscal deficit of 3.3% of GDP, narrowing to 3% by 2028.This is an expansionary budget, and very possibly the last one before GE16. So the question most readers care about is a simple one. How much more money will I actually have, and when? One timing point before the numbers. Personal income tax changes apply from Year of Assessment 2027. That means

Before diving in, I want to outline my biases in ETF selection. Firstly, my preference leans towards equities over other asset classes. This bias stems from equities' proven track record as the highest long-term return asset class, despite their inherent higher volatility. Consequently, you'll notice that all five ETFs I'm discussing are equity-based. Secondly, my preference is for strategy-based ETFs over those concentrated in specific countries, sectors, or themes. The reasoning is clear: choosing a country, sector, or theme necessitates accurate and timely selection, which may not be ideal for long-term holding. In contrast, a strategy-based ETF dynamically adjusts its exposure according to its investing criteria, offering a more resilient approach for investors. It's also worth noting

Markets continue to face a challenging combination of rising bond yields,persistent inflation pressures and uneven economic performance. Whiletechnology and semiconductor-related companies have continued to benefit from strong artificial intelligence-driven demand, weakness across cyclical andconsumer-sensitive sectors suggests that economic conditions remain mixed. Higher interest rates and elevated energy prices may continue to createperiods of volatility in the near term. Nevertheless, the portfolio remains focused on businesses with durable competitive advantages, strong balancesheets and favourable long-term earnings drivers. Portfolio positioningcontinues to emphasise quality, profitability and exposure to structural growththemes while remaining selective in sectors facing increasing

Buy low sell high I think this is most investors wanted especially in today fast moving stocks In aggregate reatailer investing is the best option !!!

Higher-yielding bonds carry higher volatility and should be sized according to your goals and time horizon, and with a clear understanding of what determines their performance. yields (= government bond yields) could rise further, and a longer dated government bond-heavy allocation may be more vulnerable to “rate risk”. If your bond allocation is concentrated in developed market (DM) government bonds, it may be worth looking beyond traditional index-like exposures (40%–50% of which, by market value of outstanding debt, are made up of government bonds) into active management. Diversification spreads a bond allocation across different return drivers, and emerging market (EM) bonds are one part of that wider opportunity set worth a fresh look. Bonds have been in the spotlight in recent weeks,

investment grade bonds are more sensitive to rates (i.e. a higher duration risk), high yield bonds normally have a lower duration sensitivity, given their higher coupon income during the bond’s life and therefore lower price sensitivity to the present value of the final repayment cashflow. This gives high yield a slight edge from a rate risk perspective, especially for shorter duration high yield bonds. With credit fundamentals remaining strong and defaults low, and the quality composition of the US HY index now improving to more than 60% in highest tier BB-rated debt, high yield debt is presenting itself as a more attractive building block within fixed income. As the yield-to-worst chart earlier shows, the average US high yield bond yields around 8.4% today, providing about 240bps of yiel

The essence of technical analysis lies in quantitative summarisation and statistical observation of historical market behaviour, capital flows and crowd psychology. Price action and candlestick patterns reflect the power tug-of-war, liquidity build-up and risk preference between buyers and sellers at a given time and space. Whether it is the "bullish ascending triangle at bottom" or various moving average and channel breakouts, their function is never to "predict the future". Instead, they identify statistically favourable "high-probability windows" amid uncertain markets. Therefore, technical analysis is essentially probability distribution in statistics, not definite causal relationships why do many retail investors still struggle to profit in the market even after mastering technical pa

What holds the index up is AI. Micron, which makes memory chips for AI servers, has more than tripled this year. Nvidia is up 24%. The market is paying up for anything that sells into the AI boom, and marking down anything AI might replace. Intuit, the maker of TurboTax, has lost more than half its value as investors worry AI agents will do what its software does. The S&P 500 is up 13% this year. You would think most stocks are doing fine. About four in ten of the 500 are down this year, and 66 have fallen 20% or more. The typical stock is up about 6%, less than half the index. In September alone, 391 of them fell while the index slipped just 0.5%. One of this year’s biggest losers is a different kind of business. It is old school. Its work is done by people, by hand, in customers’ hom

Most investors don’t hold only short-term bonds. Longer bonds pay higher yields, and that’s what attracts them. Many of the popular bond funds are intermediate duration, holding bonds that mature in five to ten years. When longer-term yields rise, these funds get hit too. The maths is simple. When new bonds pay more, old bonds paying less have to fall in price until their yield matches. The longer the bond, the bigger the fall.On 1 October, TLT traded as low as US$76.76, the lowest price since it listed in 2002. A fund that holds nothing but US government bonds, at an all-time low. Does that look safe to you? Some will argue that they hold individual bonds, not a bond fund. The price drop is temporary, because you get your capital back at maturity. That’s true, as long as the bond makes it

Some will argue that they hold individual bonds, not a bond fund. The price drop is temporary, because you get your capital back at maturity. That’s true, as long as the bond makes it to maturity. Some never do. The most recent high profile example would be Credit Suisse’s AT1 bonds, which became worthless in 2023. it has been a terrible few years ever since the Fed started hiking rates in 2022, and it isn’t over. On 16 September, the Fed raised rates again by 0.25 percentage points, to 3.75% to 4%. That was its first hike since 2023.Most investors don’t hold only short-term bonds. Longer bonds pay higher yields, and that’s what attracts them. Many of the popular bond funds are intermediate duration, holding bonds that mature in five to ten years. When longer-term yields rise, these funds

Nobody knows who will win the AI race Six weeks in, the votes are coming in. The Anthropic fund (ANTW) has US$19.3 million, more than the other four put together. The OpenAI fund (OAIW) has US$5.7 million. The Meta, Google and SpaceX funds have about US$2 million each or less. Anthropic sells mostly to businesses. Meta puts AI inside Facebook, Instagram and WhatsApp. Google has the research, the data and the cloud under one roof. If you have a view on which lab wins, Harbor says, you should be able to invest in it. If you can’t decide, buy a few and “adjust ecosystem weights as AI leadership evolves”. Its chief investment officer, Kristof Gleich, went further. He believes 2026 is the year AI stopped being a theme and became an asset class of its own. Harbor Capital, a US fund manager with

Look, you'll know if you’ve been through a few market cycles, that when index gets this concentrated, when stock market gets this volatilethe world  get dangerous. During this rare and temporary extreme in the markets, I'll share how you can safely compound your wealth in the next report set yourself up for passive, work-free retirement income. One that could pay down all your expenses and continue growing over time... Without taking huge risks. And if you want to take advantage of overlooked stock market opportunities, picking up blue-chip outperformers, low-risk high dividend dominators, and more Look into various good stock to choose from ,A flood of capital keeps pushing the biggest AI & tech stocks higher and higher. Today, conditions have changed - bond yields are rising, in