Abeer Abu Omar

The magnitude of oil supply loss (about 1 billion barrels) from the Iran war is not fully reflected in current oil prices, suggesting further upside for Brent and WTI crude.

DraftKings is down nearly 15% in pre-market. The company explicitly cited competition from "prediction markets" eating into their market share and margins. Short traditional sports betting as liquidity migrates to prediction market platforms. Regulatory crackdowns on prediction markets could send users back to traditional platforms.

Stock down ~8% pre-market. "Margins are really hurt by this crunch... unprecedented crunch in memory chips." Cisco is on the wrong side of the hardware inflation trade. They are a buyer of expensive components, and while sales are okay, profitability is being squeezed by input costs they cannot fully pass on immediately. Short/Avoid on margin compression. Company successfully passes costs to customers faster than expected.