HAPPY FRIDAY TO THE STREET.
Nothing like a shot of schadenfreude to spice up your Friday. And what misfortune feels more wholesome than a billionaire bombing on the big stage?
In case you missed it, Mark Zuckerberg’s demo of Meta’s $META ( ▼ 0.24% ) new AI-powered Ray-Bans did not go well. In an impressive feat of innovation, Zuck managed to one-up the cringe of his Sweet Baby Rays supercut by trying and failing to place a WhatsApp call with his new tech — four times in a row.
To be fair, it’s not the first time a Big Tech CEO has had a very public bad day. So let’s hope Zuck heeds the classic stand-up advice: bomb tonight, get back on stage tomorrow. If nothing else, FinTwit will be forever thankful.
🟩 | US stocks rose to end the week on continued Fed cut optimism. The Dow and S&P 500 both closed at record highs.
📈 | One Notable Gainer: Apple $AAPL ( ▲ 3.2% ) shares rose after JPMorgan $JPM ( ▲ 0.5% ) hiked its price target, citing strong early iPhone sales in Asia.
📉 | One Notable Decliner: Intel $INTC ( ▼ 3.24% ) shares slipped after Citi $C ( ▲ 0.26% ) downgraded to Sell, arguing Nvidia’s $NVDA ( ▲ 0.24% ) $5B partnership won’t deliver the success investors expect.
Finally, read to the end for the callout on Wall Street’s favorite magic trick…
— Brooks & Cas
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STOCK HEATMAPS
S&P 500 Heatmap. Credit: Finviz
All Stock Heatmap. Credit: Finviz
Global ADR snapshot. Credit: Finviz
Market Movers
SOLAREDGE, STUBHUB, SCHOLASTIC
$SEDG ( ▲ 2.13% ) SolarEdge Technologies stock reaches 52-week high at 35.84 USD (Investing.com)
$STUB ( ▼ 9.95% ) StubHub’s stock plunges in third day on NYSE as post-IPO slump deepens (CNBC)
$SCHL ( ▼ 12.02% ) Scholastic share price plunge after weak first quarter results (Invezz)
$LEN ( ▼ 4.18% ) Lennar Earnings Got a Boost From Opendoor. Why The Stock is Falling Anyway. (Barron’s)
$BHF ( ▲ 27.24% ) Brighthouse Financial stock soars on acquisition talks with Aquarian (Investing.com)
OVERHEARD ON THE STREET
Reuters: Outdoor sporting app Strava is exploring an IPO, inviting major banks to pitch and hiring senior investor relations roles.
CNBC: Trump and Xi made progress on a TikTok deal during a Friday call, but key issues remain unresolved.
Bloomberg: A CDC panel ended the universal Covid vaccine recommendation, shifting vaccination decisions to patients and doctors.
AP: The FTC and state attorneys general sued Ticketmaster and Live Nation $LYV ( ▼ 0.58% ), alleging illegal tactics inflated ticket prices.
TechCrunch: Meta $META ( ▼ 0.24% ) CTO Andrew Bosworth said the smart glasses demo failures at Meta Connect stemmed from software bugs, not Wi-Fi issues.
Tomorrow's Trade Idea, Today
A FRESH LOOK FOR THE SWOOSH
A Change in Stride
Nike $NKE ( ▼ 1.68% ) has been outrun by the broader S&P 500 all year. The former is down nearly 4% YTD, while the latter continues to reach new finish lines in record time.
Now, RBC $RY ( ▲ 0.75% ) is telling Nike-curious investors, “Just do it.” The firm’s analyst Piral Dadhania raised the stock to Outperform and lifted the price target to $90 from $76, implying about 27% upside from recent levels.
The upgrade follows a broad leadership shake-up at the company. CEO Elliott Hill has overhauled Nike’s organizational structure this year, filling senior roles with new or newly reassigned executives. RBC believes the changes should create faster, more accountable decision-making and support growth into 2026.
Product Push Ahead
RBC also highlighted Nike’s aggressive product refresh. The company plans to release 26 running shoes through the end of next year, more than any rival.
New apparel lines featuring FlyWeb and Radical AirFlow materials are also set to launch, with the aim of boosting performance and retail appeal.
“With a more commercial line-up that has sufficient distinction in use case and aesthetic, Nike should be in a better position to engage with retail partners,” Dadhania wrote. He added that a refreshed lineup could translate into more distribution and shelf space.
Street View
Nike’s outlook has divided analysts. According to LSEG, 19 rate it a Buy or Strong Buy, while nearly half advise holding the stock.
RBC’s call marks one of the more bullish takes, pointing to a combination of organizational renewal and a crowded product calendar.
Whether Nike’s latest sprint closes the performance gap with peers will depend on how quickly new leadership and fresh designs resonate with shoppers. For now, RBC sees enough momentum to warrant a higher rating.
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ON OUR RADAR
WSJ: The Bank of Japan will begin selling its massive ETF holdings, signaling confidence despite Trump’s tariff challenges.
SeekingAlpha: Elon Musk’s xAI is reportedly raising $10B at a $200B valuation, though Musk publicly denied the fundraising.
CNN: The FAA warned airlines to crack down on passengers evacuating with carry-on bags, citing serious safety risks.
Reuters: China’s DeepSeek said its R1 AI model cost just $294K to train using 512 Nvidia H800 chips.
CNBC: Gas prices are expected to fall this fall, with the national average likely nearing $3 per gallon in October.
STREET TWEET
The most common market take can be described as "person who didn't see this coming is now 100% confident about what happens next."
— #Morgan Housel (#@morganhousel)
3:09 PM • Sep 19, 2025
A friendly reminder to never believe everything you read on the internet.
The preferred parlor trick of every so-called “thought leader” is pretending that today’s surprise was predictable all along — and that the next move is now just as certain.
THURSDAY’S POLL RESULTS
Are you bullish or bearish on powersports, RVs, and boats over the next 12 months?
▇▇▇▇▇▇ 🐻 Bearish
▇▇▇▇▇▇ 🐂 Bullish
And, in response, you said:
🐂 Bullish —
“Thor Industries has been in my portfolio for a while. This is good news. But I have been tempered by their hunger for expansion over the years. We'll see how this plays out...”
“Perhaps, but pulling that fifth wheel comes with its own set of hazard lights.”
🐻 Bearish —
“Cross-border traffic is still down, and the Midwest is going into hibernation soon.”
“Too many other factors that affect and limit discretionary spending, such as these.”
“Lower rates may help sales, but tariffs on parts and materials will eat up any difference.”