1. Despite Tesla's strong financials and growth, the author maintains a 'Sell' rating due to overvaluation driven by speculative factors. 2. The recent stock surge is attributed to potential benefits from Trump's policies, but these are uncertain and long term. 3. Tesla's financial health is solid, but risks are posed by decreasing average selling prices and high capital expenditures.

1. We review the CEF market valuation and performance through the fourth week of October; 2. Most CEF sectors were down this week while discounts were mixed; 3. Invesco's CMBS CEF IHTA is set for liquidation in December 2024, with better NAV performance than sister fund IHIT last year.

1. The market consensus expects Alphabet's Q3 earnings to show EPS of $1.84 on revenue of $86.3 billion and operating income of $26.44 billion, with expected y-o-y growth of 19%, 13%, and 24% respectively. 2. Revenue estimate revisions have seen downward adjustments, especially for 2026, despite stable 2025 estimates. 3. The stock is valued at 22x '24 EPS with estimated EPS growth of 20% and 14% in 2024 and 2025, respectively, making it cheap on a PEG basis.

1. There are significant valuation gaps among REIT sectors, with some justified by fundamentals and others representing mispricing, providing investment opportunities in undervalued sectors. 2. Hotel and office REITs face significant challenges, including volatile earnings, high costs, and post-COVID demand shifts, making them risky investments despite low multiples. 3. Diversified and retail REITs are undervalued; diversified REITs are misunderstood, and retail REITs have growth potential due to long-term lease roll-ups.

1. Despite strong Q2 FY2024 results and business expansion, Palantir is downgraded to 'Sell' due to mismatched valuation and projected EPS numbers. 2. Revenue and profitability have surged, but the stock's price is unjustified. 3. The stock is overvalued, trading higher than its 2021 peak with lower forward earnings.

1. Paccar has outperformed the market due to a strong brand portfolio, superior service, and a robust spare parts business; 2. The company benefits from high market share in the vocational truck sector and infrastructure investments, with no industrial debt and a growing dividend yield; 3. Despite market weakness and a lower outlook, Paccar's valuation is becoming attractive.

1. Eli Lilly's stock is overvalued with a price/book ratio of 63.94 compared to the sector median of 2.47; 2. Despite strong revenue and earnings growth, the P/E and forward P/E ratios suggest extreme optimism in the stock pricing; 3. The company's dividend yield of 0.57% is below the sector median, indicating a need for higher returns to attract income investors.

1. Google faces significant antitrust challenges but investors overestimate the impact on its growth and margins. 2. Despite legal headwinds, Google has maintained robust margin expansions and operating leverage. 3. Google's stock is undervalued at one of the lowest valuation multiples in a decade.

1. Adobe's recent outlook led to a 9% sell-off, with bulls seeing value and bears questioning growth; 2. Adobe's AI enhancements improve productivity, but face competition; 3. Adobe's revenue growth is slowing, and its valuation isn't attractive; 4. Stock buybacks raise questions about capital allocation.

1. Berkshire Hathaway has been resilient, outperforming the S&P500 by over 12%; 2. Anticipated further sales of Bank of America stock; 3. Cash buildup positions Berkshire well for a prolonged downturn; 4. Higher economic and stock market downturn risks due to recession warnings and high valuations.

1. Apple's Q3 revenue and EPS exceeded expectations, driven by geographic expansion and record services revenue. 2. The introduction of Apple Intelligence features could drive future iPhone upgrades, but declining mobile carrier upgrade rates pose a long-term risk. 3. The author's DCF valuation suggests AAPL is fairly valued, preventing a 'Sell' rating but not justifying a 'Buy' rating.

1. Warren Buffett's initial investment in Apple in 2016 was driven by strong revenue growth and free cash flow. 2. Apple's market cap has grown significantly since then, raising concerns about future returns on buybacks. 3. The article analyzes the current financial situation of Apple, including revenue growth, cash flow, and market cap, and concludes that Apple is currently a 'Hold' due to its less steady growth and high valuation.

1. Tesla's financial history exhibits consistent revenue growth and positive free cash flow, with a focus on raising capital through new shares. 2. The company's value is heavily tied to its progress in autonomous driving technology, with potential for a Robotaxi business. 3. However, this remains speculative, and Tesla's market cap is already a premium to its current cash flows, suggesting it's best to wait for more progress in autonomy before considering investment.