अटलांटा में विदेश मंत्री मार्को रुबियो का संवाददाता सम्मेलन

अनुवादअमेरिकी विदेश विभाग केसौजन्य से अटलांटा में विदेश मंत्री मार्को रुबियो का संवाददाता सम्मेलन अमेरिकी विदेश मंत्रालय मार्को रुबियो, विदेश मंत्री संवाददाता सम्मेलन अक्टूबर 31, 2026 लोज़ अटलांटा अटलांटा, जॉर्जिया विदेश मंत्री रुबियो: धन्यवाद। यह थोड़ा अजीब सा है। मुझे लगता है आप लोग जानते हैं कि मैं कौन हूं। अगर आप नहीं जानते होते कि मैं कौन हूं, तो आप यहां नहीं होते। खैर, फिर भी आपका धन्यवाद। मैं अटलांटा शहर को धन्यवाद देना चाहता हूं। इस सप्ताह उन्होंने हमारी मेज़बानी बहुत अच्छे से की। यह अमेरिका के प्रमुख व्यापारिक और नवाचार केंद्रों में से एक है, और यह हमारे लिए एक आदर्श स्थान रहा है, न केवल अपने देश की उपलब्धियों को प्रदर्शित करने का, बल्कि आज दुनिया के सामने मौजूद महत्वपूर्ण आर्थिक नीतिगत मुद्दों पर ध्यान केंद्रित करने का भी। राष्ट्रपति ट्रंप के नेतृत्व में, अमेरिका ने जी20 के लिए एक स्पष्ट मिशन तय किया है कि वह अपनी मूल बातों पर वापस लौटे और उस मुख्य उद्देश्य पर ध्यान केंद्रित करे, जिसके लिए इस मंच का गठन किया गया था। इसलिए, इस सप्ताह अटलांटा में, विदेश मंत्रियों के स्तर पर, हमने उसी निर्देश के अनुसार काम किया। हमने आर्थिक, ऊर्जा, प्रौद्योगिकी और आपूर्ति श्रृंखला (सप्लाई चेन) से जुड़ी मुख्य चुनौतियों पर ध्यान दिया। हमने ऐसे व्यावहारिक समाधानों और ठोस परिणामों पर चर्चा की, जिनसे न केवल यहां मौजूद देशों के नागरिकों को, बल्कि पूरी दुनिया के लोगों को लाभ हो सके। आज दुनिया में कई जटिल और परस्पर जुड़ी समस्याएं हैं, जिनका असर हम सभी देशों पर पड़ता है। इन समस्याओं का समाधान खोजने के लिए हमें मिलकर काम करना होगा। इसीलिए इस समूह को एक गंभीर और उद्देश्यपूर्ण बैठक के लिए एकजुट करना महत्वपूर्ण है, और मुझे यह कहते हुए खुशी हो रही है कि इस सप्ताह हमने कई मुद्दों पर विस्तार से चर्चा की है। हमने जिन भी विषयों पर चर्चा की है, वे सब आपको मेरे अध्यक्षीय वक्तव्य में मिल जाएंगे, जो जारी होने वाला है, अगर अभी तक जारी नहीं हुआ हो तो। निश्चित रूप से, जिन मुख्य मुद्दों पर हमने चर्चा की, उनमें से एक था नौवहन की स्वतंत्रता। अंतरराष्ट्रीय जलक्षेत्र में जहाज़ों की सुरक्षित आवाजाही पूरी दुनिया की आजीविका के लिए अत्यंत महत्वपूर्ण है, और हम हमले होते देख रहे हैं – और असल में वे हमले ही हैं। मैं स्पष्ट कर दूं – और मैंने अपनी टिप्पणियों में भी इस बात को रेखांकित किया था; अब मैं आपके सामने भी इसे दोहरा रहा हूं। आज हम ऐसी दुनिया में जी रहे हैं जहां ईरानी शासन कमर्शियल जहाज़ों को – नौसैनिक जहाज़ों को नहीं – सक्रिय और खुले तौर पर हमलों का निशाना बनाता है; हम नौसैनिक जहाज़ों की बात नहीं कर रहे हैं, हम पनडुब्बियों की बात नहीं कर रहे हैं। हम उनकी इस मानसिकता की बात कर रहे हैं जहां वे कहते हैं: ये रहा माल, तेल या प्राकृतिक गैस से लदा कमर्शियल जहाज़, और हम इसे डुबोने की कोशिश करेंगे। वे कूटनीति के हथियार के रूप में जहाज़ों पर खुलेआम हमले कर रहे हैं। हम आज ऐसी ही दुनिया में रह रहे हैं। और मुझे लगता है कि सेंट्रल कमान और अमेरिका ने इन जहाज़ों की सुरक्षा के लिए बहुत ही बेहतरीन काम किया है। और आज, वहां से गुज़रने वाले ईंधन की मात्रा लगभग उतनी ही है जितनी संघर्ष शुरू होने से पहले थी; लेकिन इसके बावजूद, हमें लगभग हर रात इन जहाज़ों को ड्रोन और मिसाइलों के हमलों से बचाना पड़ा है। अब हम न केवल होर्मुज़ जलडमरूमध्य में, बल्कि बाब अल-मंदेब में भी हमले देख रहे हैं। इसके अलावा, दक्षिण चीन सागर, ताइवान जलडमरूमध्य और अन्य जगहों पर भी हमें शत्रुतापूर्ण दबाव की कार्रवाई देखने को मिल रही है। हो सकता है कि ये सीधे तौर पर सैन्य हमले नहीं हों, लेकिन फिर भी चिंताजनक है, क्योंकि इनसे अर्थव्यवस्थाओं को भी ख़तरा पैदा होता है। समुद्री मार्गों पर हमलों या दबाव के सबसे गंभीर परिणामों में से एक है खाद्य सुरक्षा से जुड़ी समस्याओं का बढ़ना। जब ऊर्जा, उर्वरक और कृषि उत्पाद अपने गंतव्यों तक नहीं पहुंच पाते, तो इससे हमारे प्रत्येक देश की और दुनिया के सभी देशों की सबसे बुनियादी ज़रूरतें खतरे में पड़ जाती हैं। मुझे खुशी है कि इस समूह ने इस विषय पर सार्थक बैठकें कीं और हम कम से कम अपने लक्ष्य को लेकर एकमत हैं और यह समझते हैं कि यह एक गंभीर समस्या है। हालांकि, मैं यह नहीं कह सकता कि इससे निपटने के तरीके को लेकर भी हमारे बीच सहमति है। विशिष्ट खनिजों को लेकर अपनी समापन टिप्पणियों में मैंने जो बात कही थी, वह इस मुद्दे पर भी लागू हो सकती है। हम सभी इस बात से सहमत हैं कि समस्या मौजूद है, लेकिन सामूहिक रूप से इसके समाधान पर सहमति बनाने के लिए अभी काम करना बाकी है। मुझे इस बात की भी खुशी है कि जी20 बैठक के दौरान, एक बार फिर साथ लाने तथा अनेक विषयों और मुद्दों पर चर्चा करने में सफल रहे। हमने क्वाड में काफी समय लगाया है। मुझे लगता है कि सिर्फ इसी साल हम चार-पांच बार मिल चुके हैं। जनवरी 2025 में विदेश मंत्री का पद संभालने के बाद मेरी पहली बैठक क्वाड की ही थी। हम इस मंच के ज़रिए आगे भी काम करते रहेंगे, क्योंकि अब यह सिर्फ समस्याओं पर चर्चा करने का स्थान नहीं रह गया है, बल्कि एक ऐसा मंच बन गया है जहां हम मिलकर काम करने के क्षेत्र चुनते हैं और वास्तव में उन पर कदम भी उठाते हैं। उम्मीद है कि हम जल्द ही घोषणा करेंगे – अगर पहले ही नहीं कर चुके हैं – कि अगले महीने – आज शायद 31 तारीख है – मनीला में क्वाड नेताओं की बैठक होगी। तो ये ऐसे मुद्दे हैं जो अमेरिका और आज यहां मौजूद सभी देशों के लिए बहुत महत्वपूर्ण हैं। क्वाड के सभी सदस्यों के साथ हमारे बहुत अच्छे संबंध हैं। हमारी साझेदारी हमें इन चुनौतियों से प्रभावी ढंग से और एकजुट होकर निपटने में सक्षम बनाती है, जिससे हमारे संबंधित देशों के साझा राष्ट्रीय हितों को लाभ होता है। मेरी द्विपक्षीय बैठकें भी बहुत अच्छी रहीं। और, हमने जापान और दक्षिण कोरिया के साथ त्रिपक्षीय बैठक की। हमने पहले भी कई बार ऐसा किया है। हमने उनके साथ अंतरराष्ट्रीय आर्कटिक-प्रशांत साझेदारी पर सहयोग के एक ज्ञापन पर हस्ताक्षर किए। और हम मिलकर यह सुनिश्चित करेंगे कि आर्कटिक क्षेत्र आगे भी किसी के प्रभुत्व या दबाव से मुक्त रहे, और इसके बजाय शांतिपूर्ण संबंधों और व्यापार का केंद्र बना रहे। हम उन सभी आमंत्रित प्रतिभागियों के आभारी हैं जो इस सप्ताह अटलांटा आए। मैं विशेष रूप से पोलैंड के प्रतिनिधिमंडल का उल्लेख करना चाहता हूं। पोलैंड आर्थिक और सुरक्षा, दोनों ही क्षेत्रों में बहुत तेजी से प्रगति कर रहा है, क्योंकि वे अपने राष्ट्रीय हितों और अपने नागरिकों को सबसे ऊपर रखते हैं। एक राष्ट्र के रूप में वे अधिक मज़बूत और सशक्त हुए हैं। और पोलैंड के सहयोगी देश और साझेदार के तौर पर, अमेरिका भी और अधिक मज़बूत हुआ है। राष्ट्रपति ट्रंप का दृढ़ विश्वास है कि पोलैंड वैश्विक नेताओं के इस मंच पर जगह पाने का हक़दार है। हमें पूरी उम्मीद है कि अगले साल उन्हें – और उभर रहे अन्य सशक्त राष्ट्रों को – फिर से आमंत्रित किया जाएगा। अब जब हम दिसंबर में डॉरल में होने वाले शिखर सम्मेलन की तैयारी कर रहे हैं, मैं अपने कैबिनेट सहयोगियों का आभार जताना और उनकी सराहना करना चाहता हूं जिन्होंने इस शिखर सम्मेलन से पहले देश भर में बेहद सफल मंत्रिस्तरीय बैठकों का नेतृत्व किया है। जी20 की अमेरिकी अध्यक्षता, अमेरिका की 250वीं वर्षगांठ से जुड़े प्रमुख आकर्षणों में से एक रही है। हमने इस मंच का सफलतापूर्वक उपयोग ऐसी वैश्विक पहलों के विकास के लिए किया है, जिनसे वास्तव में अमेरिकी जनता को लाभ होता है। अंततः यही हमारी प्राथमिक ज़िम्मेदारी है। इसलिए, हमें दिसंबर में फ़्लोरिडा में राष्ट्रपति ट्रंप के नेतृत्व में होने वाली एक और शानदार जी20 बैठक का इंतज़ार है, जो अमेरिकी नेतृत्व वाले इस वर्ष का एक महत्वपूर्ण समापन बिंदु होगी। सवाल: यह देखते हुए कि 20 लोगों को किसी एक विषय पर सहमत करना ही कितना कठिन होता है, और यहां तो आप कई तरह के मुद्दों पर चर्चा कर रहे थे, तो मेरा सवाल यह है कि आप किस मुद्दे को लेकर सर्वाधिक चिंतित हैं – शायद चिंतित सही शब्द नहीं हो – लेकिन इस बैठक के बाद सबसे अहम मुद्दों पर आम सहमति बनाने में सबसे बड़ी बाधा क्या रह गई है? विदेश मंत्री रुबियो: देखिए, सबसे पहली बाधा – अगर कोई है – तो समस्याओं को पहचानने की होती है। अगर आप इस बात पर ही सहमत नहीं होंगे कि समस्याएं क्या हैं, तो आप आगे नहीं बढ़ सकते। इसलिए, मुझे लगता है कि पिछले डेढ़ दिनों में आपने इस बैठक में जो देखा, और मुझे उम्मीद है जो आप नेताओं की बैठक में भी देखेंगे, वह इस बात की सार्वभौमिक स्वीकार्यता है कि विशिष्ट खनिजों, आपूर्ति श्रृंखलाओं, नौवहन की स्वतंत्रता और खाद्य सुरक्षा जैसे मुद्दे ऐसे हैं जिनके बारे में दुनिया के हर देश को चिंतित होना चाहिए। तो, इन बैठकों में पेश तर्क-वितर्क में आपने जो देखा, उससे साफ़ हो जाता है कि अलग-अलग देश इन समस्याओं के कारणों पर बहस कर रहे हैं और इस बात पर भी चर्चा कर रहे हैं कि इन्हें कैसे सुलझाया जाए। लेकिन मेरा मानना है कि पहला कदम कम से कम इस बात पर व्यापक सहमति बनाना है कि नौवहन की स्वतंत्रता महत्वपूर्ण है, विशिष्ट खनिज मायने रखते हैं, आपूर्ति शृंखलाएं महत्वपूर्ण हैं और खाद्य सुरक्षा अहम है। ये मुद्दे केवल इस बैठक में शामिल देशों के लिए ही नहीं, बल्कि दुनिया भर के देशों के लिए महत्वपूर्ण हैं। मेरा मानना है कि हम इस बात पर सहमत हैं। अब, ज़ाहिर है कि इन समस्याओं को कैसे सुलझाया जाए, इस पर काफी काम करने की ज़रूरत होगी, और सच कहूं तो, इनमें से कुछ समस्याओं के समाधान की राह में बहुत गंभीर चुनौतियां हैं – जैसे रूस और यूक्रेन के बीच युद्ध, मध्य पूर्व में चल रहा संघर्ष, और कुछ अन्य ऐसे संघर्ष जिनका इन मुद्दों से सीधा संबंध नहीं है, लेकिन जो हमारे सामने हैं। उदाहरण के लिए, सूडान में संघर्ष तथा कांगो लोकतांत्रिक गणराज्य और रवांडा के बीच संघर्ष। लेकिन कम से कम समस्याएं क्या हैं, इस बारे में सहमति तक पहुंचना महत्वपूर्ण है, क्योंकि इससे उन मुद्दों पर आगे बातचीत का आधार तैयार होता है, जिन पर आप चर्चा करना चाहते हैं या उसका प्रयास करते दिखते हैं। बेशक, मैं आज आपसे यह दावा नहीं करूंगा कि हम इन समस्याओं के सबको स्वीकार्य समाधान खोजने के करीब पहुंच गए हैं, लेकिन मेरा मानना है कि यहां प्रतिनिधित्व कर रहे जी20 देशों में से कुछ ऐसे देश हैं, जो इनमें से कुछ समस्याओं को सुलझाने के लिए मिलकर काम कर रहे हैं, खासकर आपूर्ति शृंखलाओं और विशिष्ट खनिजों के क्षेत्र में। मूल स्रोत: https://www.state.gov/releases/office-of-the-spokesman/2026/10/secretary-of-state-marco-rubio-at-a-press-availability-2/ अस्वीकरण: यह अनुवाद शिष्टाचार के रूप में प्रदान किया गया है और केवल मूल अंग्रेज़ी स्रोत को ही आधिकारिक माना जाना चाहिए।

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The warning signs most investors see too late

Dr Martin Weiss shares early warning signs before the next financial crisis takes hold ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ Unsubscribe

Dear Reader,

Based on my 55 years of watching the market, I'm deeply concerned that we're in the early stages of a financial crisis that could be larger than the Great Financial Crisis of 2008.

This has very little to do with the national debt, as bad as that is.

Nor is it another debt crisis in the housing market like the one that tanked the markets in 2008.

In fact, it doesn't even involve the "AI bubble" or the high-flying stock market, although major, widely held stocks will almost certainly be among the first to crash.

No, this is something far worse, and even more dangerous.

I'm Dr. Martin D. Weiss, New York Times best-selling author, named "Mr. Independence" by Forbesand founder of Weiss Ratings, rated #1 in the Wall Street Journal.

Why #1? Because for 55 years, I have run Weiss Ratings as the nation's only 100% conflict-free, independent financial rating agency in America.

We have never accepted a dime from rated companies for the grades we issue, and we never will. We answer to no one but our members.

Since 1971, when I founded this company, I have publicly predicted six major American crashes before they happened, always naming the companies most likely to fail with ample warning.

And today I'm issuing a public warning about what could be the biggest crisis to ever hit America.

In previous financial crises, many have lost half, or even most of their retirement savings.

My job — and my family's job for nearly one hundred years — has been to give Americans the warning before the warning is too late.

And that's what I'm doing in a free video you can watch today.

>> Go here now to see the most important warning of my career. <<

Good luck and God bless!

Martin D. Weiss, PhD
Weiss Ratings Founder

 

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More Reading from MarketBeat

Microsoft's Earnings Problem: Even Great May Not Be Enough

By Chris Markoch. Published: 10/23/2026.

Key Points

• Microsoft reports fiscal Q1 2027 earnings on Oct. 28, with the stock trading near its 52-week high and little margin for a disappointing result.
• Analysts remain bullish with a $592.15 consensus price target, but Microsoft must hit its ambitious 45% Azure growth guidance and roughly $50 billion CapEx plans.
• Technical indicators show fading momentum, including bearish MACD divergence.
• Special Report: One Company Spared After Renewable Credits Get Cut.

Microsoft Corp. (NASDAQ: MSFT) heads into its fiscal 2027 (FY2027) first-quarter report with very little room for error. The stock closed above $530 per share on Oct. 21, putting it within striking distance of its 52-week high of $553.72.

MSFT is up about 33% since the company last reported earnings, raising the stakes for this release, which is scheduled after the market closes on Wednesday, Oct. 28. A stock trading near its high has already priced in plenty of good news. That's why a clean beat may not be enough to push it higher. Investors will want a beat that also raises the bar for the rest of the fiscal year.

Analysts Are Bullish on MSFT

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Larry Benedict, who ran a $900 million hedge fund and posted 20 consecutive years without a loss, including over $274 million in audited net income between 2004 and 2012, says one long forgotten American company already holds what Musk needs.

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The good news is that analysts don't appear worried. Microsoft analyst forecasts on MarketBeat give the stock a consensus price target of $592.15, up from $578.73 less than two weeks ago. That implies roughly 12% upside from current levels. Adding to the bullish sentiment, 43 of the 49 analysts tracked by MarketBeat rate the stock a Buy.

The latest moves are notable. Jefferies raised its target from $575 to $650 on Oct. 14. Citigroup followed a day later, lifting its target from $600 to $636. Wells Fargo sits near the high end of the range with a $725 target.

Microsoft Azure Growth: Can It Hit 45% Guidance?

As usual, Azure is the headline number to watch. Last quarter, Azure grew 43%, ahead of the 40% analysts expected. The business also topped $100 billion in annual revenue for the first time.

Then management raised the stakes. Microsoft guided for 45% Azure growth in constant currency this quarter, well above the roughly 41% analysts had modeled at the time.

However, that makes 45% the baseline, not the upside case. The market has a history of punishing Microsoft for small misses. In January, Azure grew 38%, beating guidance. The stock still fell 10% because buy-side expectations were higher.

Microsoft guided for total revenue between $89.85 billion and $90.95 billion. Analysts expect earnings of roughly $4.70 per share. Last quarter, the company posted earnings of $4.74 per share, topping consensus by 50 cents.

Microsoft Spending: Why AI Stocks Are Watching

The second number may matter even more. Microsoft guided for about $50 billion in capital expenditures (CapEx) this quarter, up from roughly $36 billion in the prior quarter. The company also projected $175 billion in CapEx for calendar 2026.

Investors will listen closely to management's tone around that spending. Microsoft has said demand still exceeds its available capacity. That's the bullish case for continued investment.

But any hint of a pause would ripple far beyond Redmond. Chipmakers, data center operators and power suppliers all depend on hyperscaler budgets. A slowdown signal from Microsoft would likely be viewed as bearish for the broader AI trade.

There's a counterweight to watch. Free cash flow fell 23% year over year last quarter. Investors want spending to remain aggressive, but they also want proof that it's paying off.

Xbox and Game Pass: Can Microsoft Gaming Return to Growth?

Gaming rarely moves Microsoft stock, but it could shape the narrative. In July, CEO Satya Nadella said he expects Xbox to return to growth in fiscal 2027. That's a bold promise after a rough year.

Xbox revenue fell 7% in fiscal 2026. Hardware revenue dropped 29% on lower console sales. Content and services, which include Game Pass, declined 10% in the fourth quarter alone. Management guided for another mid-single-digit decline this quarter.

That makes October's launch of Gears of War: E-Day an early test. The game set a franchise record with more than 31,000 concurrent players on Steam. Yet estimates from Alinea Analytics put early unit sales at only about 230,000 copies.

The bigger number is subscriptions. The same estimates show about 1.7 million players accessing the game through Game Pass. Microsoft is betting on recurring subscription revenue rather than one-time game sales.

Gears launched in the current quarter, so it won't appear in these results. But management's holiday-quarter outlook could reveal how much it's counting on the franchise. Any update on Game Pass growth will offer a tell on the turnaround.

MSFT Stock: Momentum Fades Near Highs

The technical picture is constructive, but momentum is fading. MSFT gapped higher after its July report and has trended upward since. The stock remains well above its rising 50-day simple moving average (SMA), now near $507.

However, the stock stalled near $550 in mid-October. That's close to where it peaked last fall before a long decline. A failure to clear that level would raise the risk of a double top.

The MACD indicator adds to the caution. The MACD line has crossed below its signal line, and the histogram has turned negative. MACD also made a lower high in October, even as the stock made a higher high. That bearish divergence suggests buyers are losing conviction.

Initial support sits near $515, the top of the August-September trading range. Below that, the 50-day SMA near $507 is the next key level. On the upside, a decisive close above $554 would confirm the breakout.

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Additional Reading from MarketBeat

Not All Tech Is Getting Crushed: 5 Names Holding Up Through the AI Sell-Off

Submitted by Ryan Hasson. First Published: 10/26/2026.

Key Points

• While semiconductor and memory stocks have sold off sharply, cybersecurity and software names like HACK and IGV have stayed near their 52-week highs.
• Microsoft, CrowdStrike, and Palantir have shown notable resilience and relative strength, with CrowdStrike up about 120% year to date despite a recent pullback.
• Upcoming earnings from Microsoft on Oct. 28 and Palantir on Nov. 2 will test whether these resilient tech names can justify their valuations.
• Special Report: One Company Spared After Renewable Credits Get Cut.

The past few weeks have been rough for much of the technology sector. Concerns about AI spending, lofty valuations and new competition in the chip space have weighed on many tech stocks, particularly semiconductor stocks, neocloud companies and memory stocks. The VanEck Semiconductor ETF (NASDAQ: SMH), for example, finished Friday, Oct. 23, more than 21% below its 52-week high and near major higher-timeframe support and its 200-day simple moving average (SMA).

The good news for bulls, however, is that the sell-off hasn’t been a one-way street across the entire tech sector. Look a little closer, and several pockets of the sector have held up surprisingly well, with a few still trading within striking distance of their 52-week and even all-time highs. Interestingly, much of that strength has come from software and cybersecurity stocks—two areas many investors had written off earlier this year as likely losers in the AI race. That narrative has since flipped on its head.

Nvidia's Huang doubts Musk's latest mega plan can work (Ad)

Nvidia CEO Jensen Huang says Elon Musk's $119 billion plan will be extremely hard to pull off.

Larry Benedict, who ran a $900 million hedge fund and posted 20 consecutive years without a loss, including over $274 million in audited net income between 2004 and 2012, says one long forgotten American company already holds what Musk needs.

Get the ticker and his full analysis before the November 30 deadline.

Click here to get the free ticker before November 30

That recent outperformance and relative strength are worth watching. When one corner of a sector sells off while another holds firm, it can reveal where capital is flowing and which groups could lead if sentiment improves. Here are five names and funds within the technology sector that stand out.

Cybersecurity’s Basket Sits Near Its Highs

The Amplify Cybersecurity ETF (NYSEARCA: HACK) has been one of technology’s steadiest corners through the recent sell-off and turbulence. The fund is up 60% year to date and closed Friday less than 3% below its 52-week high. The ETF is arguably one of the purest ways to gain exposure to the broader cybersecurity industry.

HACK holds 49 cybersecurity names. Its largest positions include Broadcom (NASDAQ: AVGO), CrowdStrike (NASDAQ: CRWD), Cisco (NASDAQ: CSCO), Palo Alto Networks (NASDAQ: PANW) and Fortinet (NASDAQ: FTNT), each representing roughly 5% to 6.5% of the fund.

The bull case for cybersecurity has strengthened as AI spreads and gains wider adoption. Every AI agent and automated workflow a company deploys creates new access points that need protection, and security budgets have historically been among the last to be cut when spending tightens. With a beta of 0.84, HACK has also traded with less volatility than the broader market.

From a technical perspective, the relative strength is clear. The ETF pulled back in early October to its rising short-term SMAs but quickly confirmed a higher low within its uptrend. Unlike the broader technology benchmark, it is holding close to its 52-week high and above all its key SMAs. That’s a clear sign that capital has flowed into this pocket of the technology sector, potentially setting it up as a future leader.

Software’s Comeback Is Holding

At first glance, the iShares Expanded Tech-Software Sector ETF (BATS: IGV) doesn’t look like a standout, up only about 5% on the year. That figure, however, obscures how far the fund has come. IGV has rallied nearly 50% from its 52-week low and now sits roughly 6% below its high, near the top of its higher-timeframe range.

Technically, it’s also shaping up for a potential breakout. The fund has spent several months consolidating near its 52-week high, with that high now acting as a potential springboard for further upward momentum and continued outperformance.

The shift in narrative has been the key driver. Earlier in the year, investors worried AI would undercut traditional software. More recently, they seem to be recognizing that companies controlling customer data and everyday business workflows are often best positioned to sell AI on top of those assets. IGV’s top holdings tell the story: Palo Alto Networks, CrowdStrike, Palantir (NASDAQ: PLTR) and Microsoft (NASDAQ: MSFT) each make up roughly 8% to 9.6% of the fund, and many of those names have shown notable short-term outperformance versus the broader sector.

Microsoft Heads Into Earnings Near Its Highs

Microsoft (NASDAQ: MSFT) closed Friday at $524.51, up about 9% this year and roughly 5% below its 52-week high. For a $3.9 trillion company in the middle of an AI-driven sell-off, that’s notable resilience.

The next big test for the mega-cap tech titan is just around the corner. Microsoft reports fiscal first-quarter 2027 results on Oct. 28, and investors will be watching closely to see whether Azure delivers on growth guidance of around 45%, along with updates on capital spending.

The fundamentals remain strong, with net margins above 40% and projected earnings growth of 18%. Analysts have a Moderate Buy consensus from 49 analysts, with an average price target of $592.15 implying 13% upside. Still, with the stock near its highs heading into the report, the bar for a positive reaction is high.

CrowdStrike Has More Than Doubled This Year

CrowdStrike (NASDAQ: CRWD) is the standout performer of the group, up about 120% year to date. Shares have pulled back about 10% from their 52-week high of $286.99.

Friday’s action stood out in particular. The stock held its rising 50-day SMA and sharply rallied intraday to close above its 20-day SMA. That move confirmed a higher low in its steady uptrend and, from a technical perspective, further established the stock as a leader in the technology sector.

CrowdStrike is the largest holding in HACK and the second-largest holding in IGV, so its strength helps explain both funds’ resilience. Demand for its Falcon platform has stayed sticky, and CEO George Kurtz recently warned that a fresh wave of cyberattacks is coming—a reminder that security spending tends to be driven by threats rather than the economic cycle.

One thing worth noting, however, is that the average analyst price target of $239.27 now sits below the current share price, suggesting the stock has moved faster than Wall Street’s models. The stock’s next major known test will be its next earnings report, estimated for early December.

Palantir’s Next Test Is the Numbers

Palantir Technologies (NASDAQ: PLTR) has also held up relatively well, closing Friday at $196.75. That put it up nearly 11% this year and roughly 8% below its 52-week high of $212.94. While many other retail-favorite technology names have fallen below their key SMAs, PLTR has done a great job maintaining its uptrend and staying above its key moving averages.

Beyond its much-discussed stretched valuation, including a forward price-to-earnings ratio of almost 150, the business has continued to impress fundamentally. Palantir generates net margins of about 49%, and analysts project earnings growth of nearly 46% over the next year.

Palantir recently announced a new partnership with Knox Systems that expands its reach in government technology. However, valuation remains the central debate. At more than 100 times sales, the stock leaves little room for disappointment, and the average price target of $203.48 implies only about 3% upside. With third-quarter earnings due around Nov. 2, the results will need to justify the premium.

A Divergence Worth Watching

Taken together, these five suggest the recent sell-off has been more of a rotation within technology than a wholesale exit from the sector. Chips and memory have taken the brunt of AI fears, while many mega-cap software and cybersecurity names have held near their highs.

That doesn’t make these names immune. CrowdStrike and Palantir already trade near or above their average analyst targets, while Microsoft’s Oct. 28 earnings report and Palantir’s Nov. 2 results will be key tests. But if fears around AI valuations and spending ease, the groups that held up best under pressure may be best positioned to lead the next move higher.

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Read More: A weekly dividend fund holding Nvidia and Palantir (From Investors Alley)

That sound? A bubble popping

Porter Stansberry explains why real AI winners may not be the obvious tech giants everyone expects ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ Unsubscribe

There are a lot of AI skeptics today, including several on my staff.

Given the obvious parallels to the dot-com boom, I don’t blame them.

And I agree in several ways too. So much so that I’m not recommending any of the major AI giants but rather a select group of companies that I believe could deliver far greater upside from the AI build-out.

But here’s what the AI skeptics are missing: over the last 50 years, the most important, broadly applicable corporate moat was compute.

And right now, that moat is getting wider, much wider, thanks to artificial intelligence.

By compute, I mean three specific things:

• Computation (the speed and processing power of semiconductors).
• Digital memory (the ability to store vast quantities of digitized information).
• Bandwidth (how much and how fast information can be shared across a network).

When you break down virtually any business to its most basic elements, you end up with a sequence of decisions, all of which must be made with partially incomplete information.

A firm that shrinks the possible outcome dispersion of its educated guesses earns more on every dollar of capital it deploys and can reinvest the difference into shrinking risks further.

I know this works because I’ve done it often in my career.

Steve Sjuggerud and I spent millions of dollars building proprietary databases between 2002 and 2019 to discover the patterns and correlations that drive the markets.

At every step of my career as an investor, I’ve been trying to gain an information advantage (legally). I’m constantly seeking new ways to minimize risk.

And the best way to do that is through investments in compute.

The same is true for every great business.

In 1987, Walmart finished building the largest private satellite communications network in the United States. It cost $24 million, took two and a half years to build, and connected more than 1,200 sites.

Walmart founder Sam Walton was famously cheap.

So what did he buy for $24 million? No more guessing. Every register in the chain reported what it had sold, overnight, to one building in Arkansas.

By 1992, Teradata had built Walmart the first commercial data warehouse to cross a single terabyte.

A competitor down the road reordered on a merchandiser’s instinct and a monthly report. Walmart reordered on Tuesday’s actual sales, store by store, item by item.

That database was probably more valuable than Walmart’s physical stores.

How do I know?

Kmart was the larger discount chain by revenue when those satellites went up. By the time Kmart understood what the network was for, it was hopelessly behind.

It never built a similar system and ended up in bankruptcy, mostly because of Walmart.

Or look at AMR, then the parent of American Airlines.

They spent roughly $40 million and 400 man-years building the Semi-Automated Business Research Environment with IBM. Known today as Sabre, it went live in 1960.

A booking that normally took 90 minutes now took only seconds. What was worth more: all the airplanes and all of the routes, or the database?

In March 2000, AMR spun Sabre off. AMR carried that stake on its books at about $600 million. The market valued it at $5.2 billion. The database was worth way more than the planes.

Capital One Financial was founded on the premise that a credit card is not a product but an experiment.

In 1999 alone, it ran 36,114 tests on pricing, terms, and solicitations. Its competitors mailed one offer to everyone at one price and wrote off the resulting defaults as a cost of doing business.

Capital One stopped guessing.

This is my message:

There’s no such thing as a company that isn’t a tech company.

If you’re not leading your field in applying compute, you risk going out of business over the next decade. There’s no such thing as a tech stock anymore.

There are simply companies that are good at applying compute and companies that fail.

But here is the most important part of this story… everything above happened while computation was scarce and expensive. It is now neither.

Right now, Big Tech is pouring hundreds of billions of dollars into AI data centers. This massive infrastructure build-out is driving the cost of compute down to near zero.

The companies building these data centers are financing these investments with mountains of debt.

And that’s why the real wealth won't be made by the builders.

It will be made by the companies that can absorb this hyper-abundant, near-free compute to completely rewrite their own economics.

So the question is: which industry can absorb almost unlimited, near-free computing power and still defend its prices?

We’ve found the answer.

It’s a completely abandoned sector of the market that represents the largest computational puzzle on earth.

More importantly, it’s the only industry where the government hands you a legal, federally enforced monopoly to protect your product for decades.

I believe this sector is about to absorb the capex of the AI boom, and it could be among the best-performing sectors of the stock market… the next Magnificent 7.

I lay out the entire roadmap, including what you need to consider selling immediately and exactly where this capital is rotating, in my new broadcast.

Click here to watch before it’s too late.

Good investing,

Porter Stansberry

 
 
 
 
 
 

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Just For You

Halliburton Gains Traction: Multiyear Upcycle Ahead

Submitted by Thomas Hughes. First Published: 10/20/2026.

Key Points

• Halliburton beat third-quarter revenue and adjusted earnings expectations despite weaker activity in North America.
• Management expects mid-single-digit revenue growth and approximately 200 basis points of operating margin improvement in 2027.
• Halliburton's international contracts, share buybacks, and improving margin outlook support its longer-term investment thesis.
• Special Report: One Company Spared After Renewable Credits Get Cut.

The weakest takeaway from Halliburton’s (NYSE: HAL) Q3 report was weaker free cash flow, alongside higher capital expenditures (CapEx) and their impact on free cash flow (FCF). While FCF is down sequentially and year over year (YOY), this self-inflicted wound comes as Halliburton invests in repositioning, equipment movement, and staging for future success. The best takeaway from Halliburton’s Q3 release is its numerous contract wins and project advancements, which position the company for a multiyear upcycle. Investment in the Mediterranean, Latin America, Asia, and the Middle East includes multiyear development agreements that will drive business across both of Halliburton’s core segments.

In the meantime, management expects margins to recover and capital returns to resume. Management is demonstrating its confidence through the dividend and share buybacks, which FCF did not cover. The takeaway is that Halliburton will likely maintain its dividend and buybacks as margins recover, then increase capital returns over the coming years. As it stands, the share count fell more than 2% YOY, adding to shareholder returns beyond the dividend. The dividend yields a little more than 2%, has a payout ratio below 30% of adjusted earnings, and should grow over time. The company does not make annual increases but tends to raise payments as cash flow allows.

Halliburton Outperforms in Q3: Provides Optimistic Long-Term Forecast

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Halliburton struggled in Q3, with weakness in North America offset by strength abroad, but it performed better than analysts had expected. Revenue rose 1.8% YOY to $5.7 billion, about 2% above expectations. International revenue increased 3% sequentially, offsetting a 5% sequential decline in North America. Within the International segment, Latin America and Europe/Africa were flat sequentially, while the Middle East/Asia grew 8%, supported by increased activity in Saudi Arabia and Kuwait. By segment, Completion and Production revenue fell 4% YOY, while Drilling and Evaluation revenue increased 4%.

Margin news was the sore spot in Q3, but it is easy to overlook given the cause and the implications for the outlook. Margins contracted year over year but improved sequentially, leaving the company in a better position than expected while it advances its strategy. The key detail is that adjusted earnings per share came in at 60 cents, two cents better than expected, leaving the capital return outlook fundamentally unchanged.

Executives did not provide Q4 guidance, instead focusing on macroeconomic conditions and the initial outlook for next year. They are targeting mid-single-digit revenue growth and operating margins of about 15% in 2027, up from roughly 13%, though they may be cautious in their estimates. The Middle East is only one source of oilfield demand; Russia, Ukraine, Venezuela, and offshore Latin America also need development.

Analysts and Institutions Put a Floor in Halliburton’s Price Action

Halliburton stock struggled through the first three quarters of 2026, surging about 50% in the first half before giving up those gains by the end of Q3. The narrative, however, is that the market is establishing a support base and gaining traction in Q4. Analyst trends reflect steady coverage, a firm Moderate Buy consensus rating, a bullish bias, and an uptrend in price targets. Consensus puts HAL above $44, which would be a fresh long-term high, while the trend points to the high end of the range, roughly another $9, or 20%, higher.

Institutions, meanwhile, have accumulated for eight consecutive quarters, with reported institutional buying outpacing selling and providing a solid support base. Institutions now own about 85% of the shares. The likely outcome is that analyst trends continue to firm, driven by upcoming results and margin improvement, while institutions continue accumulating shares based on the dividend and buyback outlook.

As tepid as the early 2026 price action has been, it aligns with a market in reversal and shows support at a critical level. That level aligns with prior congestion zones, a breakout, and a price gap that reveals shifting market dynamics. The 150-week exponential moving average (EMA) strengthens the support zone, reflecting buy-and-hold activity from investors such as institutional groups, and likely serves as a launchpad for rallies. Resistance may appear at $34, $40, and $44, with $44 as the key target. A break above that level could open the door to a much larger move.

Halliburton’s biggest risk is the transition to cleaner, greener energy and its impact on oilfield demand. However, this risk is also a catalyst, driving energy companies to seek better, more efficient technologies, including natural gas. Halliburton is critical to unlocking natural gas from shale formations, helping energy companies drill wells and bring gas into production. Other risks include exposure to the North American market, though that risk is becoming smaller with each new international contract.

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More Reading from MarketBeat Media

A Solid Margin Story Means the Sell-Off in DECK May Be Overdone

Author: Chris Markoch. Date Posted: 10/27/2026.

Key Points

• Deckers beat earnings estimates but missed revenue targets and cut its fiscal 2027 sales outlook, sending shares down 5% on Oct. 23.
• The stock had already fallen roughly 30% between late July and mid-September, suggesting the market had priced in slower growth before the guidance cut.
• Despite a lower sales forecast, Deckers posted record revenue, expanding gross margins, strong EPS growth, and aggressive stock buybacks while carrying no debt.
• Special Report: One Company Spared After Renewable Credits Get Cut.

Deckers Outdoor Corp. (NYSE: DECK) delivered a mixed second-quarter earnings report for fiscal 2027 (FY2027) on Oct. 22. Earnings topped expectations, but revenue of $1.48 billion fell just short of the $1.51 billion estimate. Management also lowered its full-year sales outlook for its HOKA and UGG brands.

Investors reacted decisively. DECK stock fell 5% on Oct. 23 to close at $81.01, leaving shares just above their September low.

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Larry Benedict, who ran a $900 million hedge fund and posted 20 consecutive years without a loss, including over $274 million in audited net income between 2004 and 2012, says one long forgotten American company already holds what Musk needs.

Get the ticker and his full analysis before the November 30 deadline.

Click here to get the free ticker before November 30

But the headline reaction missed a larger point: The sell-off did not start with this report. DECK lost roughly 30% between late July and mid-September. Investors were pricing in slower growth long before management confirmed it. That changes how to interpret the guidance cut. Bad news the market already expected is not really new information. There is also a reasonable case that Deckers deliberately set its new outlook low.

The perception is that Deckers is a growth story in decline. The fundamentals show a company that is still growing, expanding margins and buying back stock at a rapid pace.

Deckers has a long record of guiding cautiously and then beating expectations. If that pattern holds, DECK is set up to clear a low bar rather than chase a high one.

The Damage Was Done Before the Report

DECK traded near $110 after its first-quarter report in late July. By mid-September, shares had dropped below $80. That decline came without any new guidance from the company.

The stock then bounced toward $88 heading into earnings. Friday's drop erased that rally, but it did not break new ground. Shares dipped to $78.12 during the session and still held above the September low.

There is still technical work to do. DECK trades below its 50-day moving average of $83.59 and well below its 200-day average of $99.81, which continues to trend lower. Reclaiming the 50-day average would be the first sign of a recovery.

Still, the price action matters. A stock that holds its lows after a guidance cut can signal that sellers are running out of steam.

The Quarter Was Better Than the Headline

Revenue rose 3.5% to a record $1.48 billion. HOKA sales climbed 6.8% to $677.2 million, while UGG sales grew 3.5% to $786.4 million. Both flagship brands are still growing.

The revenue shortfall was modest. Analysts expected about $1.51 billion, and management attributed roughly $22 million of the gap to shipping delays related to a European logistics transition. That points to more of a timing issue than a demand collapse.

Margins were the real highlight. Gross margin jumped to 60.5% from 56.2%. Tariff refunds contributed about 310 basis points of that gain. The remaining 120 basis points came from selling more products at full price instead of relying on discounts.

Earnings per share (EPS) came in at $2.31. Excluding the refund benefit, adjusted EPS was about $2.03. That still beat the consensus estimate of $1.79 and represented 11.5% growth from a year ago.

A Low Bar, Set on Purpose

Now consider the new outlook. Deckers expects fiscal 2027 sales of $5.700 billion to $5.725 billion, down from the prior range of $5.86 billion to $5.91 billion. HOKA growth is now expected to be in the high single digits, while UGG is expected to grow in the low single digits.

Full-year EPS guidance rose to $7.80 to $7.95, but that includes about 52 cents from tariff refunds. Without those refunds, the range is roughly $7.28 to $7.43, slightly below the prior outlook.

On paper, that looks like a downgrade. But consider the track record. Deckers has beaten EPS estimates in each of its last five quarters, usually by double-digit percentages. A company that keeps beating is likely guiding with room to spare.

Management also has every incentive to remain cautious. In a weak consumer market, missing a raised forecast costs far more than beating a lowered one.

There is a hidden upside, too. The outlook includes only the tariff refunds received through Oct. 8. Any additional refunds that would boost results are not yet reflected in the guidance.

Buying Back Stock at a Discount

Deckers is putting its cash to work. It repurchased $637.5 million of stock in the first half of fiscal 2027 at an average price of $98.77. The company carries no debt.

About $4.4 billion remains under the buyback authorization. At today's price, that equals roughly 40% of the company's market value. The current outlook assumes $1 billion in repurchases this year.

Valuation adds to the case. At $81, DECK trades near 11 times the midpoint of its full-year EPS guidance, excluding tariff refunds. That is a low multiple for a debt-free company with operating margins above 20% and two growing global brands.

The Risks Are Real; So Is the Balance Sheet

The bear case is real. Direct-to-consumer comparable sales fell 6.4%, while domestic sales slipped 0.4%. HOKA's growth rate continues to slow, and that remains the stock's biggest long-term question.

There is also a caveat to the low-bar thesis. Second-quarter revenue came in below management's own internal expectations, not just Wall Street's. Conservative guidance only works if the company can meet it.

The Deckers analyst forecasts on MarketBeat continue to shift toward a bearish stance. The consensus rating from 26 analysts is Hold, with 11 Holds and four Sell ratings.

Even so, the balance of risk has shifted. The sell-off began months before this report.

The guidance cut confirms what the stock had already priced in, and the new bar looks low enough to clear.

For patient investors, that gap between perception and the company's fundamentals represents the opportunity.

The perception is of a fading growth story. The fundamentals show a profitable, debt-free company buying back its own shares at a discount.

 
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Read More: A weekly dividend fund holding Nvidia and Palantir (From Investors Alley)