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- Top Pros' Top Picks 9/8/25
Top Pros' Top Picks 9/8/25
Mike Larson
September 08, 2025
Mike Larson | Editor-in-Chief
Markets are fairly quiet in the early going, with stocks, Treasuries, and the dollar mostly flat. Gold and silver are holding recent big gains, while crude oil is rebounding.
Elon Musk’s SpaceX is spending $17 billion in cash and stock to buy wireless spectrum from EchoStar Corp. (SATS). The deal will help boost the company’s Starlink satellite-based mobile services business, while allowing EchoStar to retire debt and fund ongoing operations. The firm had run into financial trouble and recently sold another chunk of spectrum licenses to AT&T Inc. (T) for $23 billion. SATS shares had been falling steadily from 2018-2024, before surging recently on deal news.
SATS, T, PNC (YTD % Change)
We haven’t seen many mega-bank mergers in recent years, despite talk that deals would be easier to come by in a Trump 2.0 environment. But PNC Financial Services Group Inc. (PNC) did just announce a $4.1 billion buy of Colorado-based FirstBank Holding. The deal would add privately held FirstBank’s roughly 100 branches in Colorado and Arizona to PNC’s footprint. PNC is already the eighth-largest US bank.
Finally, a handful of prognosticators are breaking ranks on the Federal Reserve. Standard Chartered strategists forecast that Chair Jay Powell and his fellow policymakers will cut interest rates by 50 basis points at next week’s meeting, rather than the more-standard 25 bps.
They suggested a bigger “catch up” cut could be necessary given the lousy jobs data we got last week. Still, rate futures markets are only assigning about a 12% chance of a 50-bp move, according to CME FedWatch. The Fed’s remaining meetings in 2025 conclude on Sept. 17, Oct. 29, and Dec. 10.
S&P 500 6,481.50 (-0.32%) ↓ | VIX 15.47 (+1.91%) ↑ |
Dow Jones Industrial Average 45,400.86 (-0.48%) ↓ | Gold $3,659.10 per ounce (+0.16%) ↑ |
Nasdaq Composite 21,700.39 (-0.03%) ↓ | Oil $63.11 per barrel (+2%) ↑ |
In this must-watch session from the MoneyShow Masters Symposium Las Vegas in July, Paul Hickey, co-founder of Bespoke Investment Group, walks investors through a rare kind of analysis, one that cuts through headlines and digs into what the market is actually doing under the surface.
Paul breaks down the widening gap between a handful of mega-cap tech stocks and the rest of the market, and explains why breadth, sentiment, and earnings surprises are all flashing a very different message than the major indices. You’ll also hear his thoughts on international markets, volatility trends, and sector leadership – plus where you’re most likely to find the biggest winners of TOMORROW.
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Gold: Blasting Higher as Rate Cut Bets Surge
👉️ TICKERS: ELEMF, EMX, GLD
Our last alert, which was your advance look at our September issue of Gold Newsletter, carried the headline “Powell Unleashed The Hounds.” The moves in gold and silver have been nothing short of breathtaking since then, explains Brien Lundin, editor of Gold Newsletter.
Jobs: Taking a Deeper Dive Into the August Data
👉️ TICKERS: IEF, SHY, TLT
Payrolls grew by only 22,000 in August versus the estimate of up 75,000. The household survey was better as it showed a gain of 288,000…but that just offset the drop of 260,000 in July. Bottom line: This jobs data is further evidence of the slowing pace of hiring that we’re seeing in many other places, counsels Peter Boockvar, editor of The Boock Report.
