Opening Bell: November 18, 2025 - MP Materials, Kroger E-commerce, and Market Analysis

NYSE and Nasdaq Opening Bell Ceremonies

• 🔔 MP Materials, an American rare earth materials producer, is celebrating its 5th anniversary at the NYSE opening bell.
• 🥤 Chaji, a Chinese milk tea chain, is marking its 8th anniversary at the Nasdaq opening bell.

Kroger's E-commerce Strategy

• 🛒 Kroger announced a significant $2.6 billion charge related to its e-commerce operations.
• 💡 The speaker notes that while such a move in tech would be detrimental, Kroger's e-commerce initiatives, including its Instacart partnership, are working.
• ✅ It's advised to keep an eye on what's working, specifically Kroger's strategy.

Market Outlook and Commodity Cycles

• ⚠️ A cautionary note is issued against owning Micron based on a recent analyst's mention of a "super cycle," which is described as a "kiss of death."
• 📉 The speaker draws parallels to past "super cycles" in fracking sand and coal, which ultimately led to significant losses for investors.
• 📊 The current market level for a stock (implied to be Micron or Western Digital) has been tested three times without breaking.
• 📈 Despite the repeated tests, the speaker believes the level may not hold, anticipating potential panic that could present a buying opportunity, as the stock is not yet oversold enough.