Market Insights - 251026
Markets Summary
Major U.S. stock-indexes posted gains for the week, with the S&P 500 rising about +1.7% and global equities also advancing.
Market volatility remains elevated in parts: despite broad gains, analysts flagged the rising number of single-stock swings exceeding $100 billion in value as a sign of structural fragility.
Macro watch: the upcoming Federal Reserve rate decision remains a focal point, with markets pricing growing odds of a rate cut amid slowing job growth and softening data.
MARP Portfolio News
GOOGL: Investors are very focused on Alphabet ahead of its Q3 earnings release; the stock has already surged (~38%) this year, and expectations remain elevated.
ISRG: Strong quarterly results reported: Q3 revenue up ~23% YoY, EPS ~30% ahead of expectations.
SHOP: Shopify stock reached a 52-week high (~$169.90) during the week, reflecting strong investor confidence and momentum in e-commerce.
Visa announced that it will release its Q4 and full-year FY2025 results after market close on October 28, meaning the Oct 20-24 week was largely pre-earnings.
Portfolio Additions
The following high quality businesses were added to the MARP Portfolio during the month of October:
xxxx (xxx) | Average Price: $xxx.xx
xxxx(xxx) | Average Price: $xxx.xx
Watchlist Additions
The following high quality businesses were added to the Portfolio-Watchlist during the month of October:
xxxx (xxx)
xxxx (xxx)