Yields climbed to twenty-four year highs to shake the room, leaving all the heavy lifting to our Micron earnings
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Morning brief: Boeing tripped over another software bug, and now our Micron earnings have to carry the entire tech complex
Published
Yields Ease as Mideast Oil Fears Pause
Treasury yields paused near 5.24% and crude oil retreated early Tuesday as markets weighed indirect U.S.-Iran diplomatic talks over the Strait of Hormuz. With macro sentiment deep in fear at 34, equity futures are looking for relief after Monday's broad selloff.
Flutter Drops 7.9% on Brazil Gaming Ban
Flutter Entertainment plunged 7.93% after disclosing an immediate cessation of its Brazilian operations due to a provisional government ban on online betting. This regulatory setback directly threatens near-term adjusted EBITDA and tests investor confidence in its key international expansion thesis.
Boeing Slumps 6.9% on MAX 10 Software Bug
Boeing shares dropped 6.91% following reports that FAA regulators delayed certification of the 737 MAX 10 over an automated landing navigation glitch. The issue renews operational scrutiny on Boeing's turnaround and threatens to push back anticipated commercial delivery timelines.
Palo Alto Jumps 4.6% on BTIG Target Raise
Palo Alto Networks gained 4.63% after BTIG raised its price target to $425 following strong momentum across next-generation security products and its new AI platform. The breakout confirms resilient enterprise cybersecurity spending despite macro headwinds, though stretched multiples leave limited margin for error.
Micron Earnings Loom as Key Tech Catalyst
Micron Technology reports fiscal fourth-quarter results tomorrow after the closing bell, carrying high expectations for memory pricing and AI data center demand. Following a 2.61% dip, the report will serve as an essential health check for the entire semiconductor complex.
Posture: Defensive posture: Fear sentiment at 37 and a 5.17% 10-year yield warrant disciplined risk management ahead of PCE and payrolls.
Upcoming earnings
Evening brief: Yields climbed to twenty-four year highs to shake the room, leaving all the heavy lifting to our Micron earnings
Published
Yield Spike Pressures Equities
The 10-year Treasury yield hovered near 5.25% to reach 24-year highs, dragging broad equities lower as persistent inflation and Middle East geopolitical tensions pressured risk appetite. With Fear & Greed sinking deeper to 32, elevated borrowing costs are keeping high-multiple stocks under structural discount-rate pressure.
Bloom Energy Surges 10.8%
Bloom Energy rallied 10.80% after confirming that its Project Jupiter data center contract with Oracle remains intact on its scheduled deployment timeline. Resolving lingering execution jitters validates that on-site power generation remains an indispensable bridge while hyperscalers navigate severe grid interconnection backlogs.
DraftKings Drops 7.4% on Regulation
DraftKings fell 7.42% to new 52-week lows following Brazil's sudden online sports betting ban and a U.S. appellate court setback for sports-related event contracts. Although DraftKings lacks direct Brazilian operations, cross-border regulatory spillover threatens sentiment around wagering expansion and near-term prediction-market monetization.
Lumentum Jumps 5.7% on Optical Demand
Lumentum gained 5.66% as buyers piled into optical suppliers following Citi's price target hike to $1,400 and an AI scale-up interconnect showcase with Corning and Qualcomm. High-bandwidth optical switching is cementing itself as an unavoidable compute-networking bottleneck, drawing aggressive capital toward specialized photonic suppliers.
Micron Q4 Earnings Loom Tomorrow
Micron edged up 1.05% ahead of its high-stakes fiscal Q4 print scheduled after Wednesday's closing bell, with consensus eyeing $52.24 billion in revenue and $32.32 in EPS. With option traders pricing roughly a 7% swing, its high-bandwidth memory guidance will set the directional tone across the entire semiconductor supply chain.
Posture: Defensive posture. With Fear & Greed at 32 and 10-year yields reaching 5.25%, we favor disciplined risk management and building cash.
Tickers in focus: MU, SPY
Upcoming earnings
The day's lineup changes
- Sep 29, 2026 · NVDA — Stage change Holding → Buy Zone @ $229
Using the September 28 close of $228.86, Nvidia is about 8% above our $211.80 entry. For the quarter ended July 26, 2026 the issuer reported revenue of $96.2 billion (up 18% from the prior quarter and 106% from a year ago), a 75% gross margin and non-GAAP EPS of $2.22, and on September 28 its board added $150 billion to the repurchase program ($235 billion remaining, expected to run through fiscal 2028). Aggregator consensus EPS is $9.31 for the fiscal year ending January 2027 (24.6x) and $15.68 for January 2028 (14.6x); the displayed forward multiple is the January-2028 year. The system G-Street Value of $350.35 rests on four analyst targets we have not opened; aggregator consensus (61 analysts) averages $327.70. We treat this as a buy-zone add up to about $240; above that we would describe it as a hold. Customers' capital spending and export policy remain the main risks. - Sep 29, 2026 · UBER — Stage change Holding → Buy Zone @ $68.16
Using the September 28 close of $68.16, Uber is about 5% below our $72.08 entry. Second-quarter free cash flow was about $2.8 billion with adjusted EPS of $0.81 (issuer release); GAAP earnings include investment revaluation gains and are not the basis here. Aggregator consensus EPS is $3.36 for 2026 (20.3x) and $4.41 for 2027 (15.5x); the displayed forward multiple is the 2027 year. The system G-Street Value of $89.97 rests on four analyst targets we have not opened; aggregator consensus (50 analysts) averages $101. Risks: the EUR 41.50-per-share Delivery Hero tender ($14.8 billion equity value, acceptance period to November 5, completion expected in 2027) must be financed, and autonomous-vehicle competition could compress take rates. We treat this as a buy-zone add up to about $70; above that we would describe it as a hold.
← Monday, September 28, 2026 · Wednesday, September 30, 2026 → · September 2026 archive · Archive