10AM Hour: Stocks Stage Midday Reversal, Starboard’s Jeff Smith, Predicting Netflix’s Post-Earnings Move 10/20/26

Market volatility is concentrated in debt-financed AI-infrastructure names, while activists like Starboard see historic value opportunities in overlooked industrials.

• Markets reverse sharply: Dow up ~660-700 points intraday as health care and defensive names lead while AI/data-center names like CoreWeave stay volatile, per Mike Santoli's late-cycle rotation read.
• Jeff Smith targets Solstice Advanced Materials: Starboard disclosed a new stake, valuing the nuclear fuel (UF6 conversion) business at over a third of Solstice's $3.9B enterprise value and citing $100M of extractable costs; also pushing Knife River, 1,400 bps behind peer margins, to improve or sell.

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