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Wall Street Views Weekly EP01 — The Bulls Split: Ives, Lee, Siegel, Yardeni

Episode 1 · First aired Sunday, October 11, 2026, 8:00 PM CT

This week, Wall Street's biggest bulls split in public. One held his S&P 500 year-end target at 8,400; another cut his own to 7,900. One rotated hard into AI hardware; another halved his Ethereum target on the same day he defended stocks. Four calls, one week — who said what, the data and logic behind each, and our one-line take.

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1. Dan Ives

Who he is: Partner at Yorkville Ives — previously Wedbush's best-known technology bull, focused on the AI trade.
What he said: On October 8, Ives refreshed his “Ives AI 30” list: SpaceX (SPCX) and Dell (DELL) come in; Oracle (ORCL) and Pegasystems (PEGA) go out. In the same update he named his top five tech picks for 2027 — Nvidia, Microsoft, Palantir, Apple and CrowdStrike — and put his first Tesla rating at the new firm on record: Outperform, with a $500 target, against Wednesday's $377.81 close — roughly 32% of implied upside.
The data & logic: His one-line logic: AI money is changing where it gets spent. The spend is rotating away from public cloud and toward enterprise-built hardware and space infrastructure — which is why a server maker (Dell) comes in and a pure cloud-software name (Oracle) goes out. He also estimates total AI spending reaches $4 trillion over the coming years.
Our take: The top-five list is the consensus basket everyone already owns. The real information is in the AI 30's ins and outs — money moving toward hardware is the signal worth remembering from this page.

Sources: TipRanks (Oct 8, 2026); Seeking Alpha (Oct 8, 2026); eletric-vehicles.com (Tesla target).

2. Tom Lee

Who he is: Co-founder and head of research at Fundstrat; chairman of BitMine, the Ethereum treasury company — Wall Street's most steadfast bull.
What he said: On October 9, on CNBC, Lee called US stocks a “coiled spring”: pessimism about AI is at its peak, and rate pressure is no longer the headwind it was. His S&P 500 year-end target stands unchanged at 8,200–8,400. His expectations, as he stated them: third-quarter earnings growth near 30%, 2027 earnings estimates already revised up more than 20% this year, and inflation cooling enough within six months for the 10-year yield to fall back below 5%.; The same day, at Token 2049 in Singapore, Lee cooled on Ethereum: a year-end target of $5,000 — half of the $10,000 he had called “conservative” only a week earlier — and a cycle target cut from $62,000 to a $25,000–50,000 range.
The data & logic: One man, two speeds. On stocks he reads positioning and earnings momentum and refuses to budge. On Ethereum he trims the target first — while the treasury company he chairs holds about 4.9% of Ethereum's supply (CoinDesk, Oct 7, 2026). That position is worth knowing about whenever he talks the asset up or down.
Our take: On stocks he did not move an inch, yet on Ethereum he halved first — he cut the payoff, not the conviction. And because BitMine holds roughly 5% of ETH supply, his ETH calls come with a position attached; hear them with that discount applied.

Sources: Stocktwits and TradingView/GuruFocus reports of the Oct 9 CNBC interview; Stocktwits (Oct 10, 2026) and CryptoTimes on Token 2049; CoinDesk (Oct 7, 2026) on BitMine's holdings.

3. Jeremy Siegel

Who he is: Professor emeritus of finance at the Wharton School; author of Stocks for the Long Run; a long-standing bull.
What he said: On October 5, on CNBC, Siegel read September's jobs report — nonfarm payrolls up just 29,000 against 84,000 expected, unemployment at 4.2% (U.S. Bureau of Labor Statistics data) — as a “Goldilocks report”: soft on the surface, strong underneath, and exactly the cover Fed Chair Warsh needs to hold steady in October.
The data & logic: His conditions are explicit. The 10-year yield stays above 5% this year — but pushed up by growth expectations, not inflation. And one line in the sand: as long as oil holds below $90 a barrel, stocks can keep climbing through the fourth quarter.
Our take: Of the four, Siegel's is the most testable call — he does not ask you to guess an index level; he gives you a single number to watch: oil at $90.

Sources: Stocktwits (Oct 5, 2026) on the CNBC segment; September jobs figures from the U.S. Bureau of Labor Statistics.

4. Ed Yardeni

Who he is: President of Yardeni Research; the strategist behind the “Roaring 2020s” thesis; a veteran bull — and this week's only one to step back.
What he said: In mid-September, Yardeni cut his S&P 500 year-end target from 8,400 to 7,900, pushing 8,400 out to mid-2027, and he restated the call in an October 2 interview (Excess Returns). What he cut was not earnings — he says corporate earnings remain strong — it was the multiple: with yields pushing above 5%, his forward price-to-earnings assumption comes down from 19.8× to 18.6×. His long-term target did not move: 10,000 by the end of the decade.
The data & logic: Yardeni and Lee are looking at the same strong earnings and landing in different places. The difference is a single question: when the 10-year pays 5%, how much should investors pay for a dollar of future earnings?
Our take: The Lee–Yardeni split comes down to that one question — at a 5% yield, do equity multiples deserve to compress? Everything else is commentary on it.

Sources: Bloomberg reporting via Seeking Alpha/TradingView and TheStreet on the target cut; Excess Returns interview (recorded Oct 2, 2026).

EP01 at a glance

Dan Ives	Rotating into AI hardware — AI 30: Dell and SpaceX in, Oracle out
Tom Lee	S&P 500 8,200–8,400, unchanged; Ethereum target halved
Jeremy Siegel	Bullish — with oil under $90 as the line in the sand
Ed Yardeni	Year-end cut to 7,900; decade-end 10,000 unchanged

What we said we'd check next

Does the 10-year yield hold above 5%?
Does oil stay under $90 a barrel?
Does third-quarter earnings growth come in near 30%?

Sources

Every figure on this page comes from the episode's verified source list — each claim cross-checked against two sources before the episode aired. Where sources disagreed, the figure was dropped rather than averaged.

Research and education only. The views quoted on this page belong to the named commentators and are summarised from the cited reports; our one-line takes are commentary. This page is not investment advice, not a recommendation, and not a promise of returns. Read the full disclaimer before acting on anything here.

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