Stephanie Link

Chief Investment Strategist, Head of Investment Solutions & PM at Hightower Advisors. CNBC contributor. Treasure family time & a good run. Proud BC alum.

[Stephanie Link @Stephanie_Link]

Interesting week: 10 yr fell 41 bps, mkts broader w $SPX down 5bps vs $SPW up 195 bps, Ai monetizing at $SPCX $META, EPS up 38% so far, and multiples are down 17% ytd. Seasonality our friend into EOY.

Enjoy this gem:
Ella Langley - Choosin' Texas

[Stephanie Link @Stephanie_Link]

Incredible move in the 10 yr bond yield in a week - from 5.36% to 4.95%. Bonds got too cheap. Equities next to go as multiples have corrected 17% from highs.

[Stephanie Link @Stephanie_Link]

$IBM - nice rebound from 2Q: TR g +5% vs 1% Q/Q, EPS +11% vs 5% Q/Q, SW +8% vs 5%, Infra +4% vs -7%, Consult in line. FCF $3B vs $2.5B - guide for '26 north $1B.

[Stephanie Link @Stephanie_Link]

$COF: Finally a beat with strong credit, better revs in NII and non NII with opex in line. 9x EPS & 1.1x book for a quality card company and a global payments network.

[Stephanie Link @Stephanie_Link]

$SPCX: Couldn't ask for more from the Q. Beat across board, segment - TR/EBITDA/OI/EPS. GM 62% vs 59% expected, OM 19% vs 12% expected and Capex in line. Set it and forget it...

[Stephanie Link @Stephanie_Link]

These numbers are staggering. Especially those on top of the list and those on the bottom.

[Top Tier Utah @TopTierUtes]

Every AP Top 25 team, next to what its roster costs.

BYU: No. 2 in America, 39th in spending.
Texas: No. 19, most expensive roster in the sport.

Who's getting the most for their money?

[Stephanie Link @Stephanie_Link]

$GE: impressive beat/raise with CES TR up 21%, Svs TR up 17%, Equipment up 38%, in line CES margins (mix/inflation), Defense up 7%. Orders up 49%, CES orders up 58% and higher FCF 2026.

[Stephanie Link @Stephanie_Link]

Quantum Computing - 1st inning:

$QNT: showed that each step up in code distance, the standard measure of how strongly a code protects against errors, cut its logical error rate by about 12x.

$IBM

[Stephanie Link @Stephanie_Link]

My latest pick on @CNBCPro: $WFC
https://t.co/9hOSznPJGZ

[Stephanie Link @Stephanie_Link]

Better than the "hurricane" commentary in June of 2022:

Jamie Dimon’s View on the U.S. Economy: Booming, but War and Inflation Pose Risks - WSJ

@JPM #economy

[Stephanie Link @Stephanie_Link]

An interesting stat:

$SPX on an index level is just -2% off all-time highs … but the underlying components, when equal-weighted, are on average -19% below their 52-week highs.

Opportunity for catchup possibly.

[Stephanie Link @Stephanie_Link]

$TFC: T/A just beginning under new CEO at 1X book.

Mixed Q but lower expenses, taxes and provisions. Mgmt changes and another asset sale. Most impressive is ROTCE 16-18%. Similar to $WFC.

[Stephanie Link @Stephanie_Link]

Interesting week of rotation - while XLK fell 7%, energy rose 4.3%, staples up 4.8% and HC up 3.6%. Even financials recovered after pretty good EPS x Cap Mkts/M&A. Next week 30% of $SPX report. Will be fun!

Always liked this one:
Harry Connick Jr - Here comes the big parade

[Stephanie Link @Stephanie_Link]

Always a fun discussion. Thanks for having me on.

[Stock Trader Network @stocktradernet]

“The company is trading at five times earnings and historically it’s traded at ten times.”

Stephanie Link, Chief Strategist at Hightower Advisors, breaks down the AI stock sell-off, hot inflation data, bank earnings, and her top stock picks on today's PreMarket Prep.

$MU $NVDA $AVGO $WFC $JPM $SBUX $EL

@Stephanie_Link @TripleDTrader

[Stephanie Link @Stephanie_Link]

$UNH: Amazing what a proven CEO can do for a company. Helmsley joined in May 2025, immediately bought $25m worth of stock at $288 and today reported a beat and raise with fundamentals improving in all segment. Stock up 37% since he rejoined.

[Stephanie Link @Stephanie_Link]

My latest @CNBCPro pick. Why I am buying $META now. https://t.co/FagUeVttNT

[Stephanie Link @Stephanie_Link]

This seems extreme:
Money market inflows were $166B last week - the most since April 2020. Cumulative annual inflows now past the $1T mark. This while $SPX multiples have fallen 17% YTD with earnings up DD.

[Stephanie Link @Stephanie_Link]

Looking forward to strong earnings next week with the start o the big banks. Will support strong consumer and the AI revolution. With consistent CPI/PPI.

Lovely tune - enjoy the weekend
Lucy Dacus - Best Guess

[Stephanie Link @Stephanie_Link]

Yaskawa Electric (TYO:6506) reported strong earnings with orders up 29% Q/Q. Americas Motion Control orders +170% y/y in AC Servo (motion control package) and +48% in Drives. Bodes well for industrial automation, motion control, robotics cos: $PH $ROK

[Stephanie Link @Stephanie_Link]

There is alot to unpack with the rumor of $SBUX $CMG but down 6% at one point today created an opportunty in my opinion.
https://t.co/kccO5Tadgz