WD #360: New Trade, Recent Market Action, Brazil/Inter Update
Atlassian is sold after a 130% gain, while iShares MSCI Indonesia ETF is added following the market plunge; the update also assesses the AI-stock selloff and CoreWeave’s collapse.
Monday, October 19, 2026
Back to today 
From X
Asif Suria on X
Buffett trying to make sure they don't turn off those AOL servers. $BSP $BRK.B https://t.co/dCxyARdRhP
Mr Neutral Man aka "Howard Marks of REITs” on X
Spoke with an expert about $LEN the other day He told me that Lennar focuses so much on entry level homes that it's got a "here goes the neighborhood" effect Other builders won't build in the same MPC/area This could potentially cut them off from sites in the future
Sheel Mohnot on X
Berkshire now has a $1.3B position in Bending Spoons. Stock is up 38% (to $52) on news that Berkshire bought $330M via private placement at $33/share $BSP https://t.co/oGfvtwcdED
Negligible Capital on X
D.A. Davidson analyst Gil Luria (has a $100 price target and a neutral rating on $CRWV ) says “the equity value is going to be zero” on a podcast released today A bit conflicting there Gil https://t.co/aKJmqVZlZ5
Negligible Capital on X
D.A. Davidson analyst Gil Luria (has a $100 price target and a neutral rating on $CRWV ) says “the equity value is going to be zero” on a podcast released today A bit conflicting there Gil https://t.co/ZLEqfmpE8i
Deep Sail Capital on X
$CRDO Interesting. Credo might help with memory shortage. https://t.co/ZIzLU7aPKO
SG on X
@valuemaverick1 I have no view whether $33 is a good price for $BSP, but I'm comfortable selling calls in the 70s.
Red Dog Capital on X
@Musecases I took the "L" at the open on $BSP. It was small so lost ~50 bps. No borrow at IBKR, could continue to squeeze until the lock up in late Dec. Can't believe Berkshire owns this POS. Makes me question Greg.
Investor Letters
All letters- Polen Capital 5Perspectives Growth Opportunities 3Q 2026 BE $70B
- Artisan Partners Q3 2026 CLH $17BLSCC $15B
- White Brook Capital Third Quarter 2026 Q $25B
- Davenport Asset Management Q3 2026 AMT $86BCARR $45B
- Distillate Capital 2026 Q3 TOL $12B
- Ariel Investments Quarter Ended September 30, 2026 CRL $15BZBRA $17B
- Guinness Global Investors third quarter of 2026 AFL $59BDANOY $44B
- Patient Capital Management 3Q26 ADBE $98BADYEN $34B
The Monday Morning Briefing: Meta, Tesla, Netflix, P&G on Deck
Lennar’s land-bank costs pressure homebuilding margins, while Flowers Foods weighs a Tastykake sale after falling branded-bread share,…
Exelon: Shelter From The Storm And Nice Yield As Utilities Catch A Bid
Michael Fitzsimmons 4 clicks
Our Q3 2026 Update: Our Companies (OXY, RIG, VAL)
Occidental Petroleum’s debt should fall further after Q3 oil prices averaged $85 per barrel WTI and $91 Brent.
Zscaler CEO and CFO: We have the opportunity of a lifetime
Zscaler CEO Jay Chaudhry and CFO Kevin Rubin discuss the cybersecurity company’s growth prospects and valuation.
What Lies Beneath: The Developer Building a Data Center on a Former Army Dump Laced With Munitions and Carcinogens
Digital Realty paid $120 million for Atlanta-area parcels including a former Army dump with buried carcinogens and military ordnance.
Cerebras Systems: Beaten To A Pulp On Irrational Fears (Rating Upgrade)
Cerebras, a wafer-scale AI chipmaker, is forecast to nearly 10x sales by 2028 as capacity expands, while its shares have fallen on capacity…
Stone Fox Capital 10 clicks
Semtech Analyst Day Review
Semtech raised Q3 guidance and targets $3.2 billion of fiscal 2030 revenue, excluding upside from its AI data-center optical and copper…
DigitalOcean CEO: ‘We are not going to be extraordinarily leveraged like some others’
DigitalOcean’s CEO says the cloud company will not take on extraordinary leverage to fund its AI push.
Expert Call | Q3 2026 Optical Components Market Dynamics, Vendor Market Share, & 2027 Growth Outlook
Optical-component vendor call covers 800G and 1.6T demand, AI cluster optical density, market share, pricing and 2027 growth for Coherent,…
PayPal: Market's Extreme Mispricing Is Starting To Unwind
PayPal’s 10.3x forward earnings multiple and more than $6 billion in free cash flow frame a turnaround driven by cost cuts, Venmo and BNPL…
JR Research 12 clicks
Market Cracks Under AI Debt Burden | The Weekly Wrap
Steve Eisman examines AI data-center debt, CoreWeave's tech correction and agentic AI's effect on banks as earnings season begins.
RELX: The Risk Segment Makes This Buy Less Risky
RELX’s 13-petabyte fraud and identity data moat supports its high-margin Risk segment as its valuation falls to roughly half its peak P/E.
LA Capital 9 clicks
Is The Market Turning The Page?
CoreWeave’s debt and equity price action is framed as a wake-up call for investors amid a broader market discussion.
CoreWeave: Why Credit Markets See A 54% Chance Of Default
CoreWeave’s 2032 notes yield over 15%, signaling a 54% default probability as borrowing costs exceed rental yields on AI infrastructure…
Dustin Quasney 25 clicks
Constellation: Stars Aligning?
Constellation Brands trades near $127 at roughly 11x next-twelve-month EV/EBIT, with recent business results offsetting concerns over…
October 2026 Random Ramblings
October 2026 market commentary covers SOLS’s cancelled merger, a hypothetical Starbucks-Chipotle deal, Russell 2000 weakness and AI…
Everyone wants to defend CoreWeave but who really knows
CoreWeave faces fresh skepticism as another AI trade selloff collides with bullish defenses of the company.
A Conversation With Ari Emanuel About Entertainment and AI
Ari Emanuel discusses AI’s impact on Hollywood, live events, social networks and the future of advertising.
Coherent | Management Call
First Tracks Biotherapeutics: Teva Validated The Pathway, ANB033 May Own The Receptor
First Tracks Biotherapeutics’ ANB033 posted stronger Phase 1b celiac efficacy than Teva’s IL-15 inhibitor, with $168 million funding…
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