Daily recap, Friday, October 2

Friday October 2nd

Most viewed

Single Stock Spotlight #16: Huckleberry.AI (HUCK)

Hidden Rock Capital's Newsletter DOMO $167M

Huckleberry.AI trades near $3.30 against $221 million of cash and $900 million-plus of NOLs after selling its operating business, creating a corporate-shell acquisition setup.

Technology and AI

𝕏 @pitdesi

I trimmed an $NVDA position yesterday that I’ve held since 2017 and already have extreme seller’s remorse that I did something dumb Moved 1/4 of the position into an exchange fund, the remainder is ~15% of my liquid portfolio.

Sheel Mohnot

NVDA $5.5T

𝕏 @negligible_cap

*NVIDIA SHARES RISE 2.5% TO HIT FIRST RECORD HIGH SINCE MAY Where to now? Back at 25x earnings, market cap is now $5.7 Trillion - all time intra-day high for $NVDA https://t.co/wNQJpMx7LT

Negligible Capital

NVDA $5.5T

𝕏 @convequity

$NVDA is still the cheapest way to produce AI tokens when 150 or more users share one batch. When one user wants the fastest possible answer, the economics change. Our Cerebras note puts the rule in two parts. 1. NVIDIA is the cheapest token factory when 150+ concurrent users share one batch and each user gets a moderate speed. 2. To maximise speed for a single user, the batch has to shrink, so…

Convequity

NVDA $5.5T

𝕏 @TidefallCapital

$FICO CEO made more comp than $NVDA CEO the past 3 years. Lansing will be fired within 90 days and be immortalized in MBA case studies as the CEO who figured out how to blow up a government mandated monopoly. https://t.co/oyjbp6o9ma

Trevor Scott

NVDA $5.5T

Sleep Well Portfolio (Sept 2026) - New Pick coming up - SWI#25.

Sleep Well Investments CRWD $272B

CrowdStrike faces a trim at a $270 billion valuation and 140x free cash flow, despite AI-driven cybersecurity demand and a $20 billion ARR target by 2035.

ServiceNow: Still A 'Strong Buy' As AI Revenues Gain Traction

Seeking Alpha NOW $141B

ServiceNow expects AI annual contract value to reach $1.5 billion by year-end, with assist-pack consumption pricing supporting growth toward $30–32 billion in subscription revenue.

[scuttleslops] Cloudflare wants bots to pay; OpenAI’s ad ambitions; Memory chip competition; Muse is a proactive assistant; the Wintel of cars and robots; Atlassian as a coordinating layer

scuttleblurb NET $125B

Cloudflare is building HTTP 402 payments for AI agents, using its web network to let publishers charge bots for content access.

Belden Inc.: The Ruckus Debt Looks Scarier Than The Math

Seeking Alpha BDC $4.2B

Belden targets net leverage of 2.9x by 2027 from 3.9x, using RUCKUS's 65%+ gross margins and free cash flow to reduce debt.

Consumer Discretionary

Nike: The Defense Holds, the Offense Is Unproven

Latticework by MOI Global NKE $53B

Nike targets EBIT margin recovery from 5.2% in FY2027 to 13% by FY2032 as revenue declines persist and wholesale, China and digital remain weak.

Nike, Part Two: The Deep Dive

Latticework by MOI Global NKE $53B

Nike’s second Latticework program examines the company and the global athletic footwear and apparel industry for professional investors.

Nike, Part One: The Story

Latticework by MOI Global NKE $53B

Nike grew from a $1,000 shoe-distribution venture in 1964 into the largest sports brand, using athlete endorsements, product innovation and contract manufacturing.

EXCLUSIVE: Lennar’s Big New Customer Is Its Own Spinoff, Millrose

Hunterbrook LEN $20B MRP $4.3B

Lennar is selling homes to former spinoff Millrose, whose revenue largely comes from Lennar and whose largest voting shareholder is Lennar’s CEO.

𝕏 @leevalueroach

Ryan Cohen just bought another $17 million of $GME. Wall Street is completely unaware and brain dead here. https://t.co/sy5wCrmcKN

Lee Roach

GME $12B

𝕏 @leevalueroach

A director at $GME Nat Turner just bought $254k of stock in the open market. This is an extremely bullish buy as Nat Turner is the CEO of collectibles which owns PSA, the largest trading card authentication company in the world. There is something massive brewing here. https://t.co/AXJFmqanhN

Lee Roach

GME $12B

𝕏 @valuedontlie

Recent spin-offs... $THRM RMT now trading below 6x EBITDA $CTAV RemainCo between 6-7x EBITDA (depends on your view of environmental liabilities)

Colin King

THRM $1B

Financials

𝕏 @irbezek

@aurelius28 I think $CIB is worth about $100 so you're hoping for overshoot of fair value if you buy it here. I much prefer its smaller and much less liquid peer $AVAL as the "catch-up" trade.

Ian Bezek

CIB $22B

𝕏 @kab604

@CurryorNothing @JerryCap Isaacman could roll his stake, get rid of skittish public mkt investors, lever up to take advantage of the downturn across fintechs and then flip his stake down the line to a strategic when narrative has changed. That's what I'd do. Fiserv, $GPN - everyone in the penalty box. .

kab60

GPN $22B

𝕏 @kab604

@CurryorNothing @JerryCap It's an easy PE target. Can run with higher leverage and take advantage of bombed out fintech sector, international story just starting to play out. And there's the non-zero chance $GPN is gonna $GPN when stock has re-rated.

kab60

GPN $22B

𝕏 @ACapitalLP

History will be kind to me for I intend to write it. $OWL https://t.co/J0bP2zt3CO

A Capital

OWL $14B

Communication Services

𝕏 @orrdavid

@finphysnerd Strongest reason I see to also own some $MSFT is they have a lot of openAI exposure, whereas $GOOG $AMZN only have Claude.

David Orr

GOOGL $4.1T

𝕏 @orrdavid

@finphysnerd TPUs are great and $GOOG has a long head start. I own $AMZN also. $MSFT's businesses seem at least as threatened as $GOOG's to me.

David Orr

GOOGL $4.1T

𝕏 @finphysnerd

@orrdavid Why would you own $GOOGL over $AMZN and $MSFT which are essentially the same Capex bet but with less vulnerable businesses attached to them.

Myles

GOOGL $4.1T

𝕏 @orrdavid

@jeremiahrogers Gemini will be as good as ChatGPT and Claude for 99% of people's normal use cases soon ... if not already. If $GOOG can connect their whole locked in ecosystem, and all its personal data, to the responses, it will be better for more things than not.

David Orr

GOOGL $4.1T

TSOH Weekly Roundup (10/02/2026)

TSOH Investment Research META $1.8T NFLX $511B

TSOH Weekly Roundup covers Meta’s AI agent ambitions, Netflix’s TV gaming strategy and Arc’teryx’s rise from $500 million to more than $2 billion in revenue.

The Trade Desk (NASDAQ: TTD) Stock Rating: Do Nothing After Q2 FY12/26 Earnings

Cestrian Capital Research TTD $5.8B

The Trade Desk's Q2 revenue grew 3% to $715 million as Q3 guidance called for a year-over-year decline; TTD has fallen over 90% from its 2024 high.

Industrials

𝕏 @ACapitalLP

@GuptaSach1988 I was thinking ~0.55 $SPCX shares short per $ECHO share long, roughly the tax-adjusted look-through ratio...

A Capital

SPCX $2T

𝕏 @ACapitalLP

Long $ECHO / Short $SPCX looks interesting here…

A Capital

SPCX $2T

Boeing F/A-XX Win: A Surprise Blow For Northrop

Seeking Alpha BA $152B NOC $69B

Boeing won the $20 billion Navy F/A-XX contract after securing the Air Force F-47, concentrating U.S. sixth-generation fighter development and dealing Northrop a setback.

𝕏 @P_Remarks

$uber investors seeing the stock down for the 200th day in a row with qqq ripping https://t.co/QH9Hhi85Sr

Prepared Remarks

UBER $140B

𝕏 @DeepSailCapital

On a relative basis verse AI buildout peers $VRT has come in a lot over the last 6 months. 23x NTM EBITDA vs almost 40x at the peak. Part of that is 6 months of roll forward but still starting to get back to a reasonable valuation.

Deep Sail Capital

VRT $94B

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Rocket Lab (NASDAQ: RKLB) Stock Rating: Accumulate After Q2 FY12/26 Earnings

Cestrian Capital Research RKLB $42B IRDM $5.1B

Rocket Lab reported Q2 revenue up 62% to $234.1 million and backlog up 137% to $2.36 billion, while operating losses and cash burn persisted ahead of its Iridium acquisition.

Research & Analysis | AAR Corp. (NYSE: AIR): MRO Holdings Reshapes the Margin Profile

Monte Independent Investment Research AIR $4B

AAR’s $1.8 billion acquisition of a 65% stake in MRO Holdings adds widebody aircraft maintenance and targets a 19% to 20% EBITDA margin by year four.

EVI Industries. Margin inflection or fake out?

Kairos Research EVI $249M

EVI Industries says its ERP and service-platform build is largely complete, testing whether 10.8% revenue growth can finally outpace operating costs and lift margins.

Real Estate

American Healthcare REIT: A Dip Buy Driven By Senior-Care And Outpatient Tailwind

Seeking Alpha AHR $12B

American Healthcare REIT’s senior-housing and outpatient portfolio is driving FFO growth and dividend safety, while a rich valuation limits its appeal for income investors.

𝕏 @leevalueroach

@heavymetaldave I am a self taught investor. No real professional background. I like $RYN better. Better debt, more HBU land.

Lee Roach

RYN $5.5B

𝕏 @BillAckman

I did an interview on Bloomberg @business on our plans for $HHH as well as other topics. https://t.co/YMmhq2zBaz

Bill Ackman

HHH $4.4B

Utilities

𝕏 @ACapitalLP

I have a theory that a company’s name can sometimes hurt more than help. Forget the obvious dotcom, blockchain and AI naming frenzies. I think there’s a more subtle phenomenon where companies disproportionately sell off because their names are more closely associated with whatever sector or risk the market is trying to avoid, regardless of actual underlying exposure. Look at $PCG vs. $EIX during…

A Capital

PCG $27B

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