HAPPY FRIDAY TO THE STREET
Hackers have a new favorite language, and it isn't Python.
Researchers using advanced AI models uncovered critical flaws in PHP, the code behind most of the internet. This has set off a global patching scramble that some are already calling "Black October."
Somewhere, a cybersecurity team is on its fourth energy drink. Not quite the Halloween treat they were hoping for.
🟥 | US stocks slid today, with the DJIA leading the losses, as oil prices continued to climb on escalating tensions in the Middle East.
📈 | One Notable Gainer: SpaceX (SPCX) rose after PhillipCapital double upgraded the stock to Buy, citing surprise gains in its AI business.
📉 | One Notable Decliner: AT&T (T) and other telecom stocks fell on reports SpaceX may lease 80K cell towers to build a fourth national carrier.
— Brooks & The Street Sheet Team
MARKET SNAPSHOT
S&P 500 Heatmap. Credit: Unusual Whales
Market Movers
CHEVRON, AMEX, CROWDSTRIKE
📈 | Chevron (CVX) gained as WTI crude surged above $100 a barrel on Middle East tensions.
📉 | American Express (AXP) plans to cut about 5% of its global workforce.
📈 | CrowdStrike (CRWD) rose after US security agencies warned of PHP vulnerabilities.
📉 | Bloom Energy (BE) reported negative free cash flow despite beating estimates.
📈 | Crown Castle (CCI) jumped on reports it's in tower-leasing talks with SpaceX.
Tomorrow's Trade Idea, Today
HOOKAH, LINE & SINKER
Stock Spotlight
Stock: Air Global (AIIR)
Firm: Roth Capital
Current Price: $7.79
Price Target: $11.50
Implied Upside: 48%
Fresh Air
Wall Street just found a new way to unwind.
Roth Capital initiated coverage of flavored hookah tobacco maker Air Global with a Buy rating.
Analyst Nick Anderson sees sharp upside ahead as the company expands into flavored vapes and nicotine pouches, funded by its core shisha business.
Shisha Cash Cow
Roth believes shisha carries more pricing power than traditional nicotine, thanks to fatter margins. The segment produced $396M of 2025 revenue and roughly $158M of adjusted EBITDA.
That cash is funding bets like a $20M stake in vape hardware maker Greentank and OOKA, a charcoal-free electronic hookah.
Shisha volume even grew slightly from 2018 through 2025, while US cigarettes shrank 6% a year. Not bad for a habit that's supposedly out of style.
Boom or Bust
There’s a catch: Anderson ranks in the bottom 20% of analysts by track record. Vices are always a volatile sector, and this is a particularly high-ceiling, low-floor pick.
Shares, public only since May, rose on the initiation. Strict indoor smoking laws in some states pose a hurdle, though Roth calls the regulatory backdrop favorable.
Air Global could be a breath of fresh air. Or it could just be blowing smoke.
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Do you own shares of Air Global (AIIR)?
OVERHEARD ON THE STREET
🛢️ | A tanker carrying the first Russian diesel shipment to the US since July 2023 has set sail.
🎈 | The US Energy Department designated helium as a critical material, citing its importance for semiconductors.
💉 | The Moderna (MRNA) and Merck (MRK) cancer vaccine cut melanoma recurrence or death by 42% in a Phase 3 trial.
🎮 | Electronic Arts is shutting down BioWare after more than three decades, canceling the next "Mass Effect."
📱 | Apple (AAPL) launched its foldable iPhone Duo, but online shipping delays stretch to January.
THURSDAY’S POLL RESULTS
Do you own shares of Tesla (TSLA)?
▇▇▇▇▇▇ 🐂 Yup, I’m holding
▇▇▇▇▇▇ 🐻 Nope, not interested
▇▇▇▇▇▇ 👀 No, but I’m interested
And, in response, you said:
🐂 Yup, I’m holding — “The future is bright.”
🐻 Nope, not interested — “Hope is a poor foundation at a P/E of 350x.”
👀 No, but I’m interested — “I sold Tesla at a loss in July. It then went up (obviously). I've been waiting for it to go back down again before buying it up again. A merger is inevitable I feel.”
