Squawk on the Street SOTS 2nd Hour: How To Play Nvidia, Google Record Highs, The Retail Wrap-up & LIVE: Goldman Sachs CEO 11/19/25
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Nov 19, 2025 Tom Farley, CEO of Bullish and former NYSE president, shares insights on the evolving crypto landscape, discussing the volatility in the market and the potential for stablecoin adoption to drive institutional growth. He highlights Bullish’s latest product launches and impressive trading volumes. The conversation also dives into upcoming Nvidia results, with experts weighing in on tech market trends and Alphabet’s record highs, offering a snapshot of what to expect in the tech sector.
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Target CFO On What Hurt And What’s Working
- Target CFO Michael Fiddelke described uneven monthly cadence with September weakness tied to back-to-school and milder weather.
- He highlighted brighter categories like toys (nearly 10% growth) and experiments such as the ChatGPT cart integration.
Tech Earnings Momentum Justifies Overweight
- Tech earnings momentum remains strongest and justifies staying overweight in the sector.
- Keith Lerner says recent price resets make tech a buy for the next 6–12 months despite short-term risks.
Buy Tech Weakness If Underweight
- Lean into weakness in tech if you are underweight as short-term pullbacks may present buying opportunities.
- Expect rotation back into tech over 6–12 months even if the market needs more cooling first.