Sunday, October 25, 2026

WD 361: Brazil, JetBlue Bankruptcy, Mexican Airlines Merger

Brazil’s Lula victory leaves Nu and Inter’s thesis intact, while JetBlue heads toward bankruptcy and Mexican airlines pursue a merger.

NU $60B

Ian’s Insider Corner Oct 25 11 clicks

Oct 25 AXP $217B

American Express: P&L Slowed, Consumer Didn’t

Librarian Capital's Research Library 4 clicks

Oct 25 PM $316B

Philip Morris International: Ho-hum Hrmm?

Invariant 13 clicks

From X

@BarbarianCap Oct 25 1 click

Barbarian Capital on X

SpaceX closes $40 billion debt deal for AI chips, Elon Musk says $SPCX https://t.co/VElSKttyze

@BarbarianCap Oct 25 1 click

Barbarian Capital on X

AstraZeneca Readies New Portfolio of Targeted Cancer Therapies $AZN https://t.co/9wErSW0T14

@BarbarianCap Oct 25 3 clicks

Barbarian Capital on X

9/n $CME CEO with @tracyalloway @TheStalwart on futures, swaps, prediction markets, and perps. Nice contrast to the "anything goes" policies, and nice contrast to their episode last week with the Hyperliquid guy (link to prior round up at the bottom) https://t.co/miODfdAS9E

@BarbarianCap Oct 25 1 click

Barbarian Capital on X

6/n @bizbreakdowns @ReustleMatt is back! This time covering $AFRM. BNPL very underpenetrated, several growth products, "bet the jockey" too. https://t.co/i7Pr6Mr3r4

@BarbarianCap Oct 25 1 click

Barbarian Capital on X

2/n $CRWD CEO on @NoPriorsPod things got bleak last week on that front, will get worse https://t.co/cJfAoomQ8V

@aleabitoreddit Oct 25 6 clicks

Serenity on X

Just another $40B going into the "AI Infra" Bubble... Elon stated this $SPCX financing would primarily fund $NVDA GPU procurement H1 2027. Which indirectly increases demand for memory, networking, etc needed. In some other notes, VPEC today in UDN: "InP substrates is seriously in short supply" in regards to suppliers like $AXTI. - Morgan Stanley believes that InP substrates, EML and CW lasers will be the primary bottlenecks - VPEC emphasized that whoever can secure more raw material supply in the future will have greater pricing power and influence in the market. Very true about supply procurement... both upstream materials like epiwafers/substrates to ultimately compute. We're in a volatile period where all your largest companies in the world are fighting over control of the future of AI infrastructure. Any slowdown seems unlikely.

@OddDiligence Oct 25

Odd Diligence on X

$IREN chart* is most 🔥 of all the neoclouds resulting from all the slick marketing they are doing good job @danroberts0101 * chart of "IREN" Wikipedia unique page views https://t.co/xWEj1dJUf7 https://t.co/xsb9Z62J1I

@negligible_cap Oct 25

Negligible Capital on X

*LULA WINS BRAZIL PRESIDENTIAL ELECTION IN SURPRISE COMEBACK $EWZ is down 20%

Meta: A Strong Quarter Behind A $9.9 Billion Legal Charge And $35 Billion Of Capex

Meta posted 26% revenue growth and $9.89 billion in legal charges while funding $35 billion of capex, as AI lifts ad pricing and pressures…

META $1.6T

Tim Travis Oct 25 1 click

Signet Jewelers (SIG): The Next Dillard’s?

Signet Jewelers cut its share count from 87 million to 38 million since 2012 as short interest reaches 15%, amid a hated diamond market.

SIG $4.4B

Cannibal Stocks Oct 25 19 clicks

Tower Semiconductor Deep Dive

Tower Semiconductor’s low-loss photonics chips halve lasers in 1.6T optical modules, supporting a $680 million annualized photonics run…

TSEM $22B

CV's Substack Oct 24 10 clicks

Expert Call | AI Server OEM: 2026 xAI Orders, GB300 Price Hikes & B300 Margin Gains

Super Micro’s 2026 xAI rack orders, GB300 price increases and B300 mix frame its gross-margin outlook.

SMCI $22B

P Equity Research Oct 24 7 clicks

I went through all 142 companies in Value Line this morning. Here are the 6 that made it

Six Value Line small caps including Blackbaud, Marqeta, Ranger Energy and Definitive Healthcare trade on net cash, buybacks, low multiples…

BLKB $2.4B

Calvin Blissett Oct 24 79 clicks

Deep Dive: $ASML

ASML’s €230 million EUV machines underpin advanced AI chip production, with demand booked through 2028 after nearly $9 billion and two…

ASML $610B

Rebound Capital Oct 24 8 clicks

Netflix's Apocalypse Fears Overly Done - Cash Cow With Renewal Prospects

Netflix pairs international engagement, free cash flow and buybacks with plans for double-digit revenue growth, margin expansion and larger…

NFLX $511B

Juxtaposed Ideas Oct 24 8 clicks

Margin Call

Petrobras’s Morpho-1 well revived hopes that Brazil’s Equatorial Margin can become a major new oil frontier after hydrocarbons were…

PBR $81B

Doomberg Oct 24 12 clicks

Applied Materials: Buy The Engineering Powerhouse Behind AI

Applied Materials targets AI-driven demand for advanced logic, DRAM and packaging, supported by services revenue and operating leverage…

AMAT $310B

Dhierin Bechai Oct 24 4 clicks

AI Narrative Switched, Debt Yields Spike | The Weekly Wrap

CoreWeave’s rising debt yields and fading confidence in AI data-center economics frame a weekly review of Meta, Tesla, SpaceX, Netflix,…

CRWV $34BTSLA $1.6T

Steve Eisman Oct 23 29 clicks

When extend and pretend is a virtue

Upstart says longer repayment terms lifted Q1 debt-settlement acceptances 50%, but does not disclose delinquency changes or the number of…

UPST $2.3B

John Hempton's Newsletter May 6 2 clicks

[P] HUBS: CiC Returns Management

HubSpot’s executive severance plan governs payouts following a change in control.

HUBS $12B

Nongaap Investing May 6

Warren Buffett’s Final Brushstrokes

Berkshire Hathaway will replace Warren Buffett as CEO with Greg Abel at year-end, while Buffett remains chairman and Abel assumes capital…

BRK.A $1.2T

The Rational Walk May 5

Berkshire Hathaway’s Diamond Anniversary

Berkshire Hathaway marks 60 years under Warren Buffett as board retirement rules and Buffett’s comments prepare shareholders for Greg…

BRK.A $1.2T

The Rational Walk Apr 30

Brookfield Corp. - Get a Buck for Fifty Cents

Brookfield Corp. trades at 13.2x 2025 distributable earnings and $45.97 against management’s $91.76 sum-of-the-parts Plan Value, discounted…

BN $87B

310 Value’s Newsletter Apr 10 3 clicks

FrontView REIT (NYSE: FVR)

FrontView REIT’s 35% selloff after tenant credit problems and a lock-up expiry leaves its net-lease portfolio at a 9.5% cap rate and 10.5x…

FCPT $2.7B

Real Assets, Real Value Apr 7

ILMN: Activism! Part Deux

Illumina appointed activist Keith Meister to its board as an SEC investigation into the Grail acquisition raises questions over 122.5…

ILMN $36BGRAL $7.1B

Nongaap Investing Apr 2

[P] ILMN: Activist In, Chairman Out

Illumina adds activist Keith Meister to its board as Chairman Stephan Macmillan resigns.

ILMN $36B

Nongaap Investing Mar 26

Berkshire Hathaway’s 2025 Proxy Statement

Berkshire Hathaway’s 2025 proxy introduces an age-80 director limit, forcing Ronald Olson’s retirement while exempting Warren Buffett and…

BRK.A $1.2T

The Rational Walk Mar 15

CNK Buyback, Special Situation Review, and Some Thoughts on Theaters

Cinemark’s $200 million buyback anchors a review of theater cost structures, MCS and a completed Fairfax preferred-share special situation.

CNK $4.5B

Base Hit Investing Mar 7

Sunday, October 25, 2026

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