| Ticker | Direction | Speaker | Thesis | Time |
|---|---|---|---|---|
| AVOID |
Alexandra Semenova
Bloomberg Reporter |
Despite beating estimates, AppLovin (referred to as "mobile technology marketing firm") and the broader software ETF fell (down 3%). Semenova noted investors are worried about "whether they are strong enough to weather AI disruption." This is a sentiment shift. Good earnings are being sold because the market believes AI agents will render these business models obsolete in the future. The "AI displacement" discount is expanding. AVOID or SHORT on bounces; the market is pricing in existential risk regardless of current cash flow. AI fears prove overblown and these stocks re-rate on strong fundamentals. | 16:54 | |
| SHORT |
Alexandra Semenova
Bloomberg Reporter |
Cushman & Wakefield posted their "biggest drops since March 2020." The Real Estate services sector is being hit by a dual narrative: AI disrupting white-collar office demand (less need for space) and the macro reality of high interest rates/refinancing walls. SHORT as the sector faces structural headwinds. Unexpected drop in interest rates stimulating commercial real estate activity. | — | |
| SHORT |
Catherine Edwards
Economic Policy Consultant |
"Credit defaults at all-time highs, very high delinquencies, the balance sheets on credit cards are high." The headline jobs number (130k) is masking deep rot. Job growth is only in healthcare (driven by aging/sickness, not economic dynamism). A consumer with maxed-out credit cards and no high-wage job growth cannot sustain discretionary spending. SHORT Consumer Discretionary (cyclical retail, travel). Federal Reserve cuts rates aggressively, providing a lifeline to debtors. | 19:52 | |
| LONG |
Annmarie Hordern
Bloomberg Reporter |
Energy Secretary Chris Wright is in Caracas to overhaul the industry. Hordern noted Chevron has "been operating in this country for a century... they already know where to start expanding production... especially if they get an extended license." In contrast to Exxon (XOM), whose CEO called Venezuela "uninvestable," Chevron has maintained its foothold. If the Trump administration normalizes relations or expands licenses, CVX has immediate first-mover advantage to monetize Venezuelan reserves. LONG/WATCH pending license news. Political volatility in Venezuela; US sanctions snapback. | 24:32 | |
| LONG |
Alexandra Semenova
Bloomberg Reporter |
Cisco beat revenue estimates ($15.6B) and the CEO stated the company is "uniquely positioned to deliver the trusted infrastructure needed... to power the AI era." The market is rotating out of "AI Losers" (software that gets replaced) into "AI Winners" (infrastructure that powers the replacement). Cisco is successfully rebranding from legacy networking to essential AI plumbing. LONG as a legacy tech turnaround play on AI capex. Enterprise spending slowdown outside of AI verticals. | 16:54 | |
| LONG |
Alexandra Semenova
Bloomberg Reporter |
McDonald's posted its fastest sales growth in over two years (6.8% jump in US), explicitly stating that "value meals continue to resonate with cost-conscious consumers." Catherine Edwards provided the macro context: US households are facing "credit defaults at all-time highs." In this environment, consumers trade down from casual dining to value-tier fast food. MCD is capturing this volume. LONG as a defensive play on the weakening consumer wallet. Sticky inflation in food costs squeezing margins despite volume growth. | 16:43 |