November 07, 2026 – The investor and podcast host is buying eight tech names after the Nasdaq 100’s worst day since 2020. Here is how his basket stacks up.
In Summary
Jason Calacanis said on Nov. 5 that “the floor is in” for stocks.
He is buying Tesla, SpaceX, Uber, Amazon, Shopify, Microsoft, Alphabet and Apple.
The Nasdaq 100 fell 6.36% that day, its worst drop since March 16, 2020.
Three picks are up in 2026, while Tesla, Uber and Alphabet are down 9% or more.
October CPI on Nov. 10 is the next test of his call that inflation drops.
Investor and podcast host Jason Calacanis says the stock market has found its floor. He made the case in a Nov. 5 post on X. “Every spare dollar I can find in the couch” goes into eight stocks, he wrote.
His picks are Tesla, SpaceX, Uber, Amazon, Shopify, Microsoft, Alphabet and Apple. The post came hours into the worst day for big tech stocks in more than six years.
Jason Calacanis Calls the Floor
“The floor is in,” Calacanis wrote. He added a caveat, though. Tech valuations could fall “another 10%,” which “would be the ultimate buy time for me.”
He then listed seven predictions. They include a forced US exit from Iran, falling inflation and a deal in which Democrats back data centers. The last one reads: “Markets top tick and set new records.”
Minutes later, he summed up his view in a second post. “Vibes rule the markets short term; earnings, management and products win long term,” he wrote.
Two of the picks also had news that day. Uber Eats went live inside Amazon’s app. US Prime members now pay a $0 delivery fee on restaurant orders over $25. Calacanis said he tested it by ordering donuts and signed off, “Long $UBER & $AMZN.”
Later that day, Jason Calacanis shared a longer list of stocks he holds. It added Netflix, Meta, Robinhood and Nvidia to the core eight.
How Bad Was the Selloff?
The Nasdaq 100 fell 6.36% on Thursday, FRED data show. That was its steepest one-day drop since March 16, 2020. The S&P 500 lost 4.36%, its worst day since April 2025.
The index bounced 1.35% on Friday to 26,989.99. Even so, it remains 13.6% below its Oct. 6 record of 31,224.69. Another 10% drop from here would take it near 24,291, or about 22% below the peak.
His picks moved in very different ways. Tesla fell 10.8% on Thursday and SpaceX lost 9.1%. Apple and Uber slipped only about 1.5%. On Friday, SpaceX rebounded 8.6% and Tesla gained 4.2%.
Winners and Laggards in the Basket
The eight stocks tell a split story for 2026. Apple is up 25.9% this year, while Amazon and Microsoft have gained 12.3% and 9.7%. By contrast, Tesla is down 20.3%, Uber 16.1% and Alphabet 9.5%.
SpaceX is the newest name. It priced its IPO at $135 a share on June 11, according to its final prospectus. It closed Friday at $134.27, about 40% below its 52-week high.
Taken together, the basket has lagged the market. The seven names that traded all year are down 0.8% on average, a Catenaa calculation. The Nasdaq 100, by contrast, is still up 6.9% in 2026.
Notably, several picks already trade far below their peaks. That gives a contrarian buyer more room to gain if he is right. It also shows how much ground these names must win back first. For Tesla, Uber and Alphabet, the gap is close to 30%.
What Could Prove Him Right or Wrong
Inflation is the first test. Consumer prices rose 3.7% over the year to September, the Bureau of Labor Statistics said. Core prices rose 2.6%. The October report lands on Tuesday, Nov. 10.
A cooler print would support his call that inflation drops. However, a hot one could revive bets on Fed hikes and test the floor he sees. Either way, Jason Calacanis has framed this as a long-term bet. That framing matters more than any single week of price moves.
