| Ticker | Direction | Speaker | Thesis | Time |
|---|---|---|---|---|
| WATCH |
Michael Batnick
Managing Partner, Ritholtz Wealth Management |
These commercial real estate service firms (CBRE, Jones Lang LaSalle, Cushman & Wakefield) were sold off aggressively (market cap wiped out) because the market assumes AI chatbots will replace their brokerage and data services. The selling is described as "indiscriminate" and "wild." The market is pricing in immediate obsolescence based on fear rather than earnings reality. These companies possess proprietary data and physical management capabilities that a chatbot cannot replicate. The sell-off represents a potential overreaction/mispricing due to AI panic. AI actually disrupts their brokerage moats faster than anticipated; commercial real estate macro headwinds persist. | 12:51 | |
| WATCH |
Michael Batnick
Managing Partner, Ritholtz Wealth Management |
Logistics stocks like C.H. Robinson and J.B. Hunt lost billions in market cap because a penny stock (Algorithm Holdings/Karaoke company) announced an "AI freight product." The market is reacting to "tape bombs" and headlines from non-credible sources. If established logistics giants are selling off due to a penny stock press release, the selling is irrational and likely to mean-revert once the "threat" is debunked. Potential recovery play as the market realizes the "disruption" threat was noise. The freight recession continues; genuine AI disruption eventually emerges from credible competitors. | — | |
| LONG |
Sam Koppelman
Publisher, Hunterbrook |
The stock previously crashed due to accounting delays and delisting fears. Hunterbrook's investigation found the technology (weapons detection) works effectively in schools/stadiums and the accounting error was de minimis ($4M). Currently, the stock is selling off again in sympathy with software stocks and Axon (AXON), despite Evolv being a hardware/infrastructure play. The speaker notes the market is "indiscriminate" and implies the current sell-off is unjustified given the product's sticky demand (school safety). Fundamental value play; the business is real and growing despite market perception of it being a "fraud" or "software" stock. Regulatory scrutiny (SEC/FTC) persists; management fails to execute the turnaround. | 47:04 | |
| SHORT |
Sam Koppelman
Publisher, Hunterbrook |
Sable Offshore faces massive regulatory hurdles in California to restart a pipeline. The stock was pumped by Phil Mickelson, but leaked audio revealed the CEO admitted a desperate need for capital. The company is "not telling the truth" to the market regarding its timeline and capital needs. They have now received subpoenas from the SEC and SDNY following Hunterbrook's reporting. The company is structurally broken with regulatory headwinds and potential legal fraud issues. They somehow secure the capital or regulatory approval (highly unlikely given California politics). | — | |
| LONG |
Nathaniel Horowitz
CEO, Hunterbrook |
The market viewed Sphere as a novelty dependent on U2 concerts. Hunterbrook's data analysis showed the "Wizard of Oz" show and other daily content were generating massive, high-margin revenue on non-concert days. Investors misunderstood the asset utilization rate. It is not just a concert venue; it is a cinema/experience printing money daily. The "Postcard from Earth" and other IP leverage existing content to generate high ROI. The asset is more profitable and sustainable than the initial "novelty" thesis suggested. Content fatigue; high operating costs of the venue. | — | |
| LONG |
Josh Brown
CEO, Ritholtz Wealth Management |
The market is bifurcating into "disruptible" and "non-disruptible" stocks. Physical goods companies are insulated from Generative AI disruption. A chatbot cannot manufacture a physical liter of liquid. As fear grips the "disruptible" sectors (services, software), capital will flee to physical safety. Defensive rotation into tangible consumer staples. GLP-1 weight loss drugs impacting demand for sugary drinks. | — | |
| WATCH |
Sam Koppelman
Publisher, Hunterbrook |
The stock spiked on a rumor from "ABC Money" about an acquisition, which Hunterbrook identified as a fake news site run by scammers in Dubai. This highlights the vulnerability of the market to "fake news" and algorithmic trading. While the specific trade is over, it serves as a signal to fade/short spikes based on unverified media reports from obscure outlets. Fade news-driven spikes from non-tier-1 sources. The rumor turns out to be a leak of a real deal (unlikely in this specific case, but generally). | — |