Brent Climbed 2.4% on a Crude Build. Own the Refiners
Distillates are about 13% below the 5-year average, and the Saudi East-West pipeline is only partially back.
Economy
OpenAI and Anthropic Are Betting That Smaller Data Centers Win
The labs eyeing 20-30MW sites in the UK and Nordics are signaling what constrains AI now: time to live power.
Intuitive Surgical Is 37% Off Its High. Recurring Revenue Says That Gap Is Wrong.
Five straight quarters of beating estimates, 85% recurring revenue, and a decade-low multiple are the case for ISRG right now.
Anthropic’s October IPO Will Set the Price for Private AI
With OpenAI confirmed out until 2027, Anthropic is the only live read on what frontier AI is worth in public markets.
Adobe’s New CEO Inherits a 150% AI Growth Engine at a 65% Discount to Peak
Five straight beats and a raised year haven’t moved the stock. What Anil Chakravarthy does next with the freemium bet is what matters.
WaFd Shareholders Will Own Less of EverBank Than You Think
EverBank backers get majority control, and the 29% earnings boost hinges on synergies.
Brent at $100 Means Two Separate Trades, and Only One Is Worth Owning Now
Houthi strikes in Saudi Arabia changed the target set. Here is how to position across the energy complex before de-escalation headlines reverse everything.
Micron’s Taiwan Workers Want 15% of Profit. Sept. 30 Matters.
A labor dispute investors treat as headline risk may be a structural cost story that outlasts this earnings cycle.
DraftKings Has Two Businesses. The Market Is Only Pricing One.
With an NFL deal in hand but no right to advertise its own exchange, DraftKings carries two very different futures inside a single stock.
Boeing’s Engineers Return to the Table Monday With a Strike Authorized
About 17,000 SPEEA workers could sway the 737-10 and 777-9 certification path.