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Feb 17, 2026
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LONG
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"Hyperscalers, the big four, they're increasing their capex by 40% year on year... They will put a tangible product in the hands of consumers." While questioning the efficiency of the spend, Terranova contrasts these firms against Apple, implying they are the ones actively building the Generative AI future and delivering tangible utility to consumers, whereas Apple is retrenching. LONG (Relative strength vs AAPL). Over-spending on CapEx without immediate ROI ("Is all this spending actually necessary?"). |
CNBC
Trade Tracker: Joe Terranova sells Apple...
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Feb 17, 2026
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AVOID
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"I gave everyone a 264 stop... I got stopped out... I'm trying to, in this environment, keep my losses tight." The trade was based on a short-term momentum signal (Feb 11) which was neutralized by macro events (Powell speech) the next day. Fundamentally, Joe is concerned that Apple is cutting CapEx (-20%) while competitors are ramping up (+40%), suggesting they are behind in the AI infrastructure race. AVOID (Sold position). Dan Ives' thesis that 2026 is Apple's "AI Year" could prove correct, making this a premature exit. |
CNBC
Trade Tracker: Joe Terranova sells Apple...
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Feb 17, 2026
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AVOID
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"Did the same thing with Twilio." Like Apple, this was a systematic momentum trade that failed. Terranova applied strict discipline to limit losses to ~4.5% rather than holding through the reversal. AVOID (Sold position). Momentum signals could re-ignite if broader tech sentiment improves. |
CNBC
Trade Tracker: Joe Terranova sells Apple...
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Feb 11, 2026
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AVOID
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"What's troubling the market today... is a little bit of a rollover in Crypto... and Software... looks like Software is kind of rolling over a little bit." The immediate post-jobs report reaction is hitting high-duration, high-beta assets hardest. The "momentum" factor is shifting away from these speculative sectors toward quality/value. AVOID. Short-term weakness is visible in these specific momentum pockets. A sudden drop in yields could reignite the bid for high-duration tech and crypto assets. |
CNBC
Here's how to trade around the hot jobs repor...
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Feb 10, 2026
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LONG
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Bond market volatility is remarkably calm/low despite the Fed signaling "patience" on cuts. Equity markets often struggle not with high rates, but with *volatile* rates. Stability in the bond market allows for predictable cost of capital and credit availability, which supports high equity valuations. Stay Long equities as long as the bond market remains non-volatile. A sudden spike in yields (bond vol) caused by an inflation surprise. |
CNBC
Here's how to trade the surge in stocks...
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Feb 18, 2026
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LONG
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Joe Terranova named Ulta Beauty as his final trade. The company recently announced its first store opening in the United Arab Emirates on Jan. 29. The entry into a new international market represents a tangible catalyst for long-term growth. This expansion story can attract investors looking for companies with new avenues for revenue and earnings, potentially leading to a higher valuation multiple. A long position is based on a clear strategic growth initiative. The international expansion narrative provides a forward-looking reason to own the stock beyond its domestic performance. International expansion carries significant execution risk and upfront costs. The success in the UAE market is not guaranteed and may take a considerable amount of time to contribute meaningfully to overall profits. |
Finnhub - AAPL
Apple, Ulta Beauty, AstraZeneca And A Real Es...
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