Anthropic's IPO is officially slated for next week, due to price on Wednesday and begin trading on Thursday, November 19. The Claude-maker is reportedly eyeing a valuation around $1.4T. And retail brokerages are only getting a limited slice.

But that might not be as big of a blow to self-directed investors as it sounds. Many already own a piece of the AI juggernaut through mutual funds and ETFs, with Fidelity alone holding roughly $5B across 50 funds.

So before you beg your broker for an allocation, be sure to check your portfolio. You may already be on the cap table.

— Brooks & The Street Sheet Team

📉 | GE Vernova (GEV) slid after SoftBank revised its power equipment procurement strategy.

📈 | Aaon (AAON) beat Q3 estimates and raised its full-year outlook.

📉 | On Holding (ONON) missed direct-to-consumer sales estimates.

📈 | Sanmina (SANM) issued full-year guidance ahead of Street estimates.

📉 | Hims & Hers Health (HIMS) issued weaker-than-expected Q4 guidance.

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After a prolonged delay, Rothschild & Co Redburn is finally beginning the boarding process.

Analyst Gavin Tennant upgraded American Airlines to Buy, saying a Neutral rating has become too hard to defend.

His headline reason: a rebuilt route network and fresh investment in key hubs, paired with rising fares, give the carrier room to grow revenue.

Tennant expects strong US travel demand, disciplined capacity growth, and volatile fuel costs to keep fares elevated through 2027.

The real payoff could come if jet fuel cools. The analyst thinks airlines will hold onto higher prices even as costs recede, which would theoretically fatten margins.

Wall Street is perfectly split on AAL. Of 26 analysts covering the stock, 13 rate it a Buy or Strong Buy, while the rest sit at Hold or lower.

Shares are in the red year-to-date after higher fuel costs squeezed margins, though they have gained ground over the past month.

Tennant, for his part, just sees a cheap seat on a flight that's finally boarding.

🛒 US consumer prices rose 0.4% in October, topping forecasts, with no annual figure available given last year’s shutdown.

⛽ US gas prices fell below $4 a gallon for the first time since July.

🏦 The 10-year Treasury yield climbed back to 5% as traders priced in a December rate hike.

💳 US credit card balances hit a record $1.29T in the third quarter.

⚖️ Nvidia (NVDA) and CEO Jensen Huang face a shareholder lawsuit over his affair with an alleged Chinese spy.

Do you own shares of Alcoa Corp (AA)?

▇▇▇▇▇▇ 🐂 Yup, I’m holding

▇▇▇▇▇▇ 🐻 Nope, not interested

▇▇▇▇▇▇ 👀 No, but I’m interested

And, in response, you said: