TOP 5 STOCKS TO WATCH THIS WEEK | NOVEMBER 2026
In a Nutshell
**TLDR:** The speaker identifies Google, CRDO, and memory stocks (SanDisk, Micron, SK Hynix) as key opportunities amid market volatility, while warning against PLTR and AppLovin due to overvaluation and technical breakdowns. Apple reports earnings this week and remains expensive at 39x P/E. Position sizing is emphasized—use $1,000 into volatile names versus $5,000 into QQQ/SPY, with strict risk management and no margin/leverage.
These notes were generated by AI and may contain inaccuracies.
Markets experienced a rough week with the NASDAQ facing significant pressure, creating potential dip-buying opportunities for investors. The market recovery during overnight hours appears positive, though not all big tech stocks participated equally in the rebound. Apple showed limited gains, Tesla had insignificant movement, while PLTR gained 1.2%, Meta increased by 0.25%, Google rose 1.14%, and CoreWeave gained 1.2%.
Key concerns for the week include the upcoming midterm elections on November 3rd and potential geopolitical developments involving Trump and Iran. There's approximately 70% probability that Republicans may lose the midterms, which could influence market direction. The speaker expresses concern about potential market reactions depending on midterm outcomes and Trump's subsequent actions regarding Iran.
The market is showing signs of recovery during overnight trading with higher highs and higher lows patterns. The speaker sent a message to the LPP team emphasizing the importance of emotional decision-making, noting that position size reconsideration should occur when not emotional rather than during panic periods. The advice stresses that this is not encouragement to sell, but rather a reminder to avoid positions that cannot be tolerated.
Several major companies are reporting earnings this week including Apple (reporting after market close on Monday), PLTR, AMD, Super Micro Computer, AppLovin, and Qualcomm. Super Micro Computer is flagged as particularly risky due to management concerns and ongoing issues with the company despite decent operational performance.
Apple is described as consistent in its operations with a predictable ascending uptrend pattern, though currently trading at elevated levels with a P/E ratio of 39 times earnings, which is considered expensive. While not a favorable entry point for adding positions, Apple remains part of the speaker's long-term portfolio and is not considered for shorting.
AppLovin was analyzed as technically terrible with a significant decline from highs of $620 earlier in the year. The stock has been in a descending channel with lower highs and lower lows for the past 4-5 months, actually selling off since approximately a year ago. Fundamentally, the company shows positive metrics including 53% year-over-year revenue growth to $1.9 billion and growing net income.
However, multiple red flags exist including a denied emergency restraining order against Ado in San Francisco court, a securities fraud class action lawsuit, Wells Fargo's concerns about e-commerce pixel growth showing 85% of recent APAC pixel additions with no web traffic, and significant negative sentiment. The stock appears on oversold watch lists but lacks confirmation of reversal needed for long-term investment consideration.
PLTR trades at a premium valuation of 146 times earnings despite strong growth fundamentals. The stock is considered overbought technically and has history of 40-50% drops when market sentiment shifts. Previous significant rallies have been followed by 30-40-50% retracements, creating similar technical setups. The speaker views current levels as elevated and not representing sufficient dip-buying opportunity for recovery to previous highs of $212 or potential targets of $220.
CRDO shows a technically favorable ascending uptrend pattern with proper support and resistance behavior, though currently lacking confirmation of reversal. The stock offers 31.3% upside potential according to fundamental analysis, with revenue at $1.59 billion showing 115% year-over-year growth and improving net income from negative to hundreds of millions.
Significant risks include customer concentration with top four customers accounting for 84% of revenue (largest at 33%, second at 28%), competitive threats, slower than expected 1.60 60 AEC adoption, and rapidly rising operating expenses. The stock experienced a 50% drawdown from highs of $308 in just over three months, indicating substantial risk factors.
Google has seen a 30% retracement and entered bear market territory technically. The speaker has been purchasing Google shares for long-term investment accounts after recent earnings, finding current levels attractive despite real concerns about the company going negative in free cash flow for the first time since becoming profitable.
These companies are aggressively investing into their AI buildout. They're trying to win this AI race. Not all of them are going to be winners, but Google is a big enough company that it will become one of those major players. Google is a cash printing machine that produces nearly half a trillion a year in revenue with $235 billion in net income. Google is not perfect and will make mistakes just like Meta is notorious for making mistakes, but these businesses make so much money now that they're spending a lot of money, and that's where the risk comes in. Two things can be right at the same time - there is value in AI and value in why they're building it out, but there is risk involved. The speaker is okay with taking that risk because Google is trading at a 14.6 P/E ratio, which is considered a fair deal.
If Google ends up recovering from current levels, it would offer about a 45% recovery. With $10,000, there could potentially be $4,500 profit, and with $100,000, there could potentially be $45,000 profit in a perfect world. Position size management and risk management are essential - not putting all eggs in one basket at once, positioning to tolerate volatility knowing that it can get worse. Instead of putting all 10 eggs in the Google basket, putting two eggs now and being open to putting more with confirmation of recovery and change of sentiment. The current risk must be acknowledged even when seeing value in these opportunities.
Google is a real business with real growth. When looking at Google fundamentally, it is not a company that is slowing down. Its growth is insane. The biggest concern on why it's sold off is its negative free cash flow because it's overinvesting. It's not that Google doesn't make as much money as it wants - it's making more money than it ever has before, it's just now spending more money than it ever has because of this AI buildout. The cheap can get cheaper, but it's cheap enough that the speaker wanted to start buying some.
If owning 100% of Google, that means owning a business that generates $235 billion of net income of profit. If owning 100% of Bitcoin, that means just having code. Two very different assets - one is an income-producing asset, one is a scarce asset. The speaker emphasizes that Google is a real business with real growth, contrasting it with speculative assets.
SanDisk is technically very oversold and reported great earnings. The belief in memory stocks comes at a greater form of risk because memory is viewed to be cyclical. These companies are profit printing machines right now because there's a shortage - to buy these memory chip stocks that are really great to build out all these AI data centers, memory chips must be used, but there's limited production capacity, sold out for the next two years, and can charge a premium because of the shortage. The concern is what if a competitor steps in or what if there becomes an oversupply.
When looking at SanDisk, Micron, and SK Hynix, all of them fundamentally look incredibly cheap. SanDisk trades at 8.4 times its earnings with incredibly low revenue multiple, $28 billion revenue, $19 billion net income. Micron has a super low P/E ratio of 11.8, trading at 8 times its earnings with $133 billion in revenue and $85 billion in net income. SK Hynix is another big South Korean memory chip manufacturer with $198 billion revenue and $139 billion net income. The speaker notes that Tesla could never achieve those margins.
When looking at SanDisk's Pro Research, there is exponential growth in revenue with a surge that's insane - revenue surging 175% year-over-year to $20 billion. They made more in the past year than they did for the past five to 10 years of the life of the business. The question is whether this surge can be maintained. Despite a strong earnings beat, SanDisk fell 12% post earnings, suggesting the market believes much of its upside is already priced in and that margin sustainability near 84% is questioned. Customer concentration and higher capital expenditures are planned indicators, and technical indicators signal a strong sell.
The speaker has felt comfortable buying the dips in SanDisk since seeing them to be technically oversold, but if markets get worse and more AI fear begins to present itself, these are not safe stocks - they are very volatile stocks. The stock went from a few hundred to 2,300 and gained over 800% in 182 days, which is not normal. It then drew down 56% in 34 days. When South Korean KOSPI investors were using margin and leverage at overbought levels, they got margin called as SanDisk began to sell off, didn't have enough capital to meet the margin call, and got liquidated.
QQQ or SPY would be considered a much more safe play traditionally. Out of $10,000 available to invest, maybe $5,000 would go into QQQ or SPY, while only $1,000 total would go into SanDisk. Exposure should be minimized on singular stocks that are known to be volatile. Margin and leverage should not be used. The dollar amount should not just be what can be afforded to lose, but what can truly tolerate the crazy volatility that can present itself. The goal is to see people win not just because they got lucky, but because they went through the bad and through the good.
A common resistance range is right around 1,800, offering 57% upside, but the downside must not be forgotten. The LPP homepage has a calculator tool that is free to use. Users can set up an entry price, stop loss, profit target, and number of shares. For example, with SNDK at entry price of 1,150, stop loss at 1,000, profit target at 1,800, and 10 shares, there is a 4:1 risk ratio. With 10 shares, there could potentially be $6,500 profit, and at worst case, $1,500 loss. This tool helps beginners not just fixate on how much money they can make, but also acknowledge what's at risk.
The $1,000 giveaway for November 1st sponsored by Webull was won by Ray Ray B59. Lucar was the first runner up and DJ Too 143 was the second runner up. The giveaway requires signing up using the link in the description and joining the free Webull Discord chat. 371 people entered this week compared to 357 last week. The winner will be tagged in the Webull Discord chat and sent a message, with awareness of fake accounts.
LPP 3.0 has a November sale offering $200 off with a one-time payment for lifetime access. It breaks down to $1.36 per day if calculated for a year. Members who signed up back in 2018 paid once and still get to watch live trading every day. The second link in the description provides access to watch live trading starting as soon as tomorrow.
Due to daylight savings in Arizona, markets now open at 7:30 a.m. The speaker encourages enjoying the volatility and discomfort, but emphasizes that the best way to enjoy it is when not overexposed, watching position size and managing risk. The goal is to end the year on a green note.
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