Walmart Is Coming for Your Soul, Amazon

Walmart (WMT) wants your hide, Amazon (AMZN) .

When execs at the world's largest retailer stride onto the stage Tuesday, Oct. 10, for the company's annual investor day, there will be much to highlight. From a new program that sends people into your home with a grocery order to venturing into digital returns, Walmart's year has been spent not just thinking about how to win against Amazon, but how to pound Amazon into the ground over the next 10 years. Hat tip to CEO Doug McMillon and Marc Lore, head of e-commerce, for just getting it done -- this Batman and Robin combo is winning the retail war.

The only unknown right now is the cost of implementing Walmart's new winning ways. Realistically, Walmart will need to reinvest even more in the year ahead in its people, website and R&D to build even quicker momentum in key areas. Wall Street may not like such a reality, but Walmart's management team finally deserves its trust (and doesn't deserve a 5% stock pullback on cautious 2018 guidance).

Time to Sell It All?

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At what point will we start listening again to the veterans of the stock market battles? Up to this point in the year, investors have largely ignored any advice from heavy hitters in finance that stocks were overdue for a valuation-based pullback. Why listen to somebody buried in a spreadsheet and armed with intelligence from a key client dinner when stocks refuse to go down, right?

Well, enter another finance heavy hitter offering a potentially valuable dose of wisdom.

"The valuations of stocks are, by my standards, rather high," said Vanguard founder Jack Bogle in an interview with TheStreet's Anders Keitz (see video above). "My standards, however, are high," the 88-year-old investing legend added.

When considering stock valuations, Bogle's method differs from Wall Street's. For his price-to-earnings multiple, Bogle uses the past 12 months of reported earnings by corporations, GAAP earnings, which include "all of the bad stuff," to get a multiple of about 25 or 26 times earnings.

"Wall Street will have none of that," said Bogle. "They look ahead to the earnings for the next 12 months and we don't really know what they are so it's a little gamble." He also noted that Wall Street analysts look at operating earnings, "earnings without all that bad stuff," and come up with a price-to-earnings multiple of something in the range of 17 or 18.

"If you believe the way we look at it, much more realistically I think, the P/E is relatively high," Bogle said.

Read full interview here.

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Tim Cook Goes to France

Ravi d'etre de nouveau en France et de rencontrer notre talentueuse equipe a Marseille. �� pic.twitter.com/ihJusWQP2o
— Tim Cook (@tim_cook) February 5, 2017

Apple (AAPL) CEO Tim Cook will reportedly meet with French President Emmanuel Macron in France at 10:15 a.m. ET. It's likely Cook will press Macron on the tax front, and push for his usual agenda of promoting education initiatives (think more iPads in the classroom ...).

While Cook plots out a perfect selfie with Macron to share on Twitter, let's keep it real with the tech giant's stock.

The bottom line is that right now on Apple there is no short-term potential for wins. Meaning, in the eyes of the stock market, Apple could only lose.

For one, speculation is swirling the pricey Apple iPhone X will be delayed until December. Should that happen, Apple could lose out on maximizing the precious holiday shopping season. A press release by Cook to kill this speculation would be helpful, though it's unlikely to arrive.

Secondarily, there is the Trump tax plan. Shares of multinationals such as Apple have soared over the last year on hopes of a generous repatriation holiday. Not only is it shaping up to be a less generous holiday than some hoped for, but it may not even happen before year-end. Another lose for Apple traders.

For the rest of why I hate Apple for October and to see nine other stocks Real Money is avoiding for the month head here.

Now This Is a Luxurious Move

Ferrari ( RACE) has been one hell of a successful IPO. Since its initial public offering on Oct 21, 2015, shares of the supercar maker have exploded about 93% as investors have bet on a rising stock market fueling more demand for $500,000 rides. Talk about a pure luxury goods play.

Ferrari on Monday has a bunch of amazing cars parked out in front of the New York Stock Exchange. I will be in a press scrum with CEO Sergio Marchionne (who also is shopping Fiat Chrysler ( FCAU) ) around 9:45 a.m., so pay attention to my Twitter feed @BrianSozzi.

Wet Ferraris outside the NYSE. pic.twitter.com/zEfmbh9YKS
— Brian Sozzi (@BrianSozzi) October 9, 2017

Join Jim Cramer, CNBC's Jon Najarian and Other Experts Oct. 28 in New York

Jim Cramer will host CNBC's Jon Najarian, TD Ameritrade's JJ Kinahan, famed analytics expert Marc Chaikin and other market mavens on Oct. 28 in New York City to share successful strategies for active investors.

You can join them as they discuss how smart investors can make the most of options trading, futures contracts, fundamental and quantitative analysis and great ETFs to buy right now. Participants will also get a chance to meet Jim and other panelists and take photos.

When: Saturday, Oct. 28, 8 a.m.-3 p.m.

Where: The Harvard Club of New York, 35 West 44th St., New York, N.Y.

Cost: Special early bird price: $150 per person. (Normal price: $250)

Click here for the full conference agenda or to reserve your seat now.

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