FAA Ground Stop, Anthropic IPO and What to Expect From Nvidia and Nike Next Week
- Nationwide FAA ground stop hit airlines after hours while cybersecurity names caught bids
- Traders split on Anthropic's IPO: 17x sales versus SpaceX's 100x, with commoditization risk flagged
- Peter Boockvar sees peak AI capex by 2027, rotating toward staples like Kimberly-Clark
- Nike investor day preview with the stock at 13-year lows; desk picked Deere and J&J over Apple at 40x
The defensive rotation argument got concrete here: if AI capex peaks in 2027, the picks-and-shovels trade loses its bid first and staples absorb the flows. The desk's valuation game landed the same way, favoring Deere, Coca-Cola and Johnson & Johnson over richly priced tech, and few on the panel believe Nike's new CEO reverses share losses at next week's investor day.