QuantAlpha

Backtesting Results for Popular Trading Strategies

Tesla ($TSLA) gains momentum in Europe as Finland becomes the 11th EU nation to approve its supervised driver-assistance system. Pre-market shares drop 1.19% to $386.20. Finland’s transport authority fast-tracked the decision, citing safety adjustments and the need for driver familiarity before winter. The system, renamed Tesla Assisted Driving, limits speed offsets and requires constant driver attention. National approvals do not guarantee EU-wide clearance. A qualified majority of 15 member states representing 65% of the population is required. Tesla lacks support from major economies like Germany, which remains a critical hurdle. The EU Technical Committee votes in December. Approval would apply across the bloc in three weeks, while rejection would void existing national permits. Tesla’s paid FSD subscriber base rose 67% year-over-year to 1.74 million, highlighting the revenue potential of wider rollout. Broader availability could boost software revenues, but adoption depends on customer willingness to pay. Competitors like Alphabet and Mobileye are also advancing autonomous plans. The December vote remains the pivotal regulatory test for Tesla’s European strategy.

Guess the chart 👀 About 4 years of one well-known ticker. Hint: Online car dealer. Which one is it? Answer tomorrow.

$SOFI opens tokenized deposits, pivoting from lending to fees. Pre-market -1.29% despite Ark Invest buying. I like the infrastructure play, but the market wants cash flow proof, not just tech. @Grok: Does tokenization lower funding costs enough to offset balance sheet complexity?

Micron Technology ($MU) dropped 3.40% in pre-market trading to $783.70, bucking a sector-wide rally fueled by artificial intelligence demand. Memory chip stocks have surged as AI data centers drive a global shortage. Micron gained 150% this year, while SanDisk rose nearly 200%. High-bandwidth DRAM is essential for AI accelerators to process data quickly. This specific demand has pushed prices up across the industry. Higher costs now affect smartphones and PCs, not just data centers. Micron holds over 20% of the global DRAM market and 15% of NAND. SanDisk focuses on NAND flash for solid-state drives. Both firms face different supply chain dynamics. Manufacturers are increasing output to meet demand. It remains unclear if price spikes will persist as supply adjusts. Investors are watching for signs of market stabilization.

Nasdaq ($NDAQ) holds steady at 109.72 in pre-market. Nvidia’s leadership drama and broader tech jitters aren’t budging the exchange, proving traders care more about valuation metrics than executive gossip.

Wall Street looked to Nvidia. $AVGO stole the pre-market spotlight, up nearly 2% to $351.70. A quiet bet on AI alternatives keeps competition honest.

Eli Lilly ($LLY) +2.50% pre-market. Foundayo is China’s first approved weight-loss pill, eyeing a $4.5B market. First-mover advantage is real, but execution there is tough. @Grok: Does this lead justify the premium, or is Novo’s oral pipeline the better bet?

Nvidia ($NVDA) dropped 6.53% in pre-market trading Thursday to $162.38. The stock is now 27% below its 52-week high. This decline follows reports that the board is investigating CEO Jensen Huang and may remove him. The company also faces pressure from inflation data. October consumer prices rose 0.4%, exceeding the 0.3% forecast. Core prices also came in higher than expected. Fed Governor Christopher Waller said he leans toward a December rate hike, leaving open the possibility of a half-point move. Higher interest rates reduce the present value of future profits. Nvidia is a growth stock priced on those future earnings. Historical data from 2004 to 2023 shows the first rate hike of a cycle often causes the steepest drops. In 2004 and 2022, Nvidia fell more than half its value shortly after the initial hikes began. However, the broader market usually recovers. The S&P 500 closed higher one year after 34 of the 37 past rate hikes. The median gain was 14.2%. Nvidia recovered in 33 of those cycles. The current volatility reflects both corporate governance concerns and macroeconomic fears, according to Yahoo Finance.

State Street’s XLK and Fidelity’s FTEC are compared as top tech ETFs for 2027. Both offer ultra-low 0.08% fees. XLK holds 76 large-cap stocks from the S&P 500. It launched in 1998 and focuses on stability. Its 0.5% yield is slightly higher than FTEC’s 0.4%. FTEC tracks 294 holdings across the sector. It includes mid- and small-cap companies for broader diversification. This approach aims to capture more growth potential. The funds share similar beta and risk profiles. XLK offers greater liquidity for active traders. FTEC provides wider exposure to smaller tech firms. Investors choose based on goals. XLK suits those seeking big-tech focus. FTEC fits those wanting broad sector upside.

$TSLA dips while Robotaxis run nonstop. Musk is training 20,000 Optimus robots. It’s like keeping a restaurant open 24/7 while building a new kitchen next door. The invoice is huge.

Guys, I am getting paranoid. Every time I see a new follower with a female Asian profile pic, I have to check whether it is Alice Huang. 😝

Strategy ($MSTR) fell 4.43% in pre-market trading to $116.93 after MSCI removed it from global indexes. Bitcoin (BTC) also slipped to $73,660. The index operator classified the company as an investment fund rather than an operating business. This change forces passive funds to liquidate holdings. Strategy warned the move could trigger $2.8 billion in forced selling. Crypto markets face headwinds from rising inflation and potential Federal Reserve rate hikes. Higher rates diminish the appeal of non-yielding assets. Political risks also increased after Democratic gains in midterms sparked fears of stricter regulatory scrutiny. Other digital assets declined. Ether fell 0.3% and XRP dropped 1.4%. Solana rose slightly by 0.3%. According to Yahoo Finance, broader crypto prices remain flat amid limited positive catalysts. Strategy’s debt-heavy model leaves it vulnerable to further volatility.

$NVDA dips 7%, sparking a quiet rotation toward UMC and ASE. When the AI king stumbles, the foundries start counting their own gold.

Bloom Energy ($BE) jumped 13% to $209.47, adding $7 billion to its market value. The rally followed CoreWeave’s earnings report, which eased fears that AI data center construction is stalling. CoreWeave reported third-quarter revenue of $3.66 billion, up 168% year-over-year. The company raised its 2026 forecast to $13 billion–$13.3 billion and cited a $132.5 billion backlog. Crucially, it noted $9 billion in customer prepayments arriving within three months. This liquidity signal reassured investors that funding for infrastructure remains robust. Bloom Energy supplies on-site power to data centers, with major contracts including up to 2.8 gigawatts for Oracle and $5 billion in installations funded by Brookfield. Any sign of continued building supports Bloom’s order book. The stock had fallen 52% from its June record of $345.85, partly due to political concerns in Texas. Despite the recent drawdown, historical data shows the stock has risen six months after similar bounces in 28 of 36 instances. However, previous halvings took years to recover, and the stock remains 39% below its high. The broader context includes upcoming reports from competitors like Nebius. Investors are watching to see if confidence in AI spending translates into sustained order growth for power suppliers.

Lottery ticket of the day 🎟️ $DELL calls, strike $417.5, expiring Nov 13. Yesterday's close: $0.01. Today: $0.59. That is +5,800%. DELL +11.8%. The strike was 25% out of the money yesterday. Intraday high: $1.46. Most of these tickets expire worthless. Would you ever buy one?

How many more affairs involving Jensen Huang ($NVDA) will be exposed?

$NVDA down 5.6%. WSJ reports Jensen Huang faces removal over affairs, one involving a suspected spy. Earnings loom. I’m struck by how personal drama collides with national security. It’s messy, human, and scary. @Grok: Does a CEO’s personal life outweigh their technical vision in your buy decision?

Amazon ($AMZN) dropped 1.80% to $265.99 as markets price in the upcoming Anthropic IPO. The AI startup lists on Nov. 19. Reuters calculates a combined $411 billion stake value for Amazon and Alphabet at $78 per share. Amazon holds the larger position, worth $271.8 billion against an $18 billion investment. Alphabet’s stake is valued at $139 billion. The IPO impacts Amazon’s valuation more significantly. The stake equals 9.3% of Amazon’s market cap, versus 3.9% for Alphabet. Bankers expect pricing near $83, potentially raising the combined value to $436 billion. Most holders face 180-day lock-ups. Google’s placement shares are unrestricted but restricted securities. AWS revenue rose 39% to $45.98 billion, while Alphabet’s cloud revenue surged 103%.

“Bull markets are born on pessimism, grow on skepticism, mature on optimism, and die on euphoria.” Sir John Templeton, Templeton's investment maxims

$AAPL gains 2.04% to $355.63. Q4 EPS hit $2.10, but Q1 2027 guidance slows to 7-10% growth. Trading at 37x forward earnings, a steep premium to the S&P 500’s 19.8x. The market has priced in perfection, leaving little room for error as margins remain squeezed.