HAPPY WEDNESDAY TO THE STREET.

Apollo wants another slice. The private equity giant reportedly made a fresh $64-per-share bid to take Papa John’s $PZZA ( ▲ 9.39% ) private — its second in four months. With restaurant deals heating up across private equity, Apollo may see more dough in pizza than in public markets.

  • 🟨 | US stocks were mixed today as strong BofA results helped lift the S&P, while US-China and shutdown worries pulled the Dow lower.

    📈 | One Notable Gainer: Morgan Stanley $MS ( ▲ 4.71% ) jumped after beating estimates by its widest margin in five years.

  • 📉 | One Notable Decliner: Progressive $PGR ( ▼ 5.78% ) fell after missing earnings and revenue estimates, hurt by a new Florida policy capping insurer profits.

Plus, is quantum computing overvalued? Scroll down for more...

— Brooks & Cas

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MARKET SNAPSHOT

All Stock Heatmap. Credit: Finviz

Market Movers

BOA, PNC, ADM

Bank of America $BAC ( ▲ 4.37% ) extended the streak of big banks reporting Q3 beats.

PNC Bank $PNC ( ▼ 3.9% ) did, too, but shares as its planned 2026 acquisition of Firstbank looms.

Archer-Daniels-Midland $ADM ( ▲ 2.47% ) and Bunge Global $BG ( ▲ 12.96% ) rose as President Trump threatened a cooking oil embargo on China.

Sable Offshore $SOC ( ▼ 20.12% ) slumped following an unfavorable federal ruling.

Centrus $LEU ( ▲ 10.06% ), Nuscale $SMR ( ▲ 16.69% ), and other nuclear stocks surged as the US Army bets on “next-generation nuclear power.”

To monitor hot stocks in real time, check out The Street Feed.

UPGRADES & DOWNGRADES

📈 Upgrades

📉 Downgrades

This is just a fraction of the calls we feature all day on The Street Feed. Street Sheet Research Subscribers can see why the analysts upgraded or downgraded the stocks above and updated price targets. Get immediate access today.

Tomorrow's Trade Idea, Today

CITI LOGS IN TO LOGITECH

Plugged Back In

Citi $C ( ▼ 0.06% ) sees the logic in backing Logitech $LOGI ( ▲ 3.42% ). The firm upgraded the Swiss peripherals maker to Buy and setting a $130 price target — implying about 20% upside.

The call comes as Citi sees an improving environment for computer accessories, powered by workers heading back to the office and gamers staying glued to their screens. The bank believes Logitech in particular could benefit.

Peripheral demand, it argues, should remain strong across both professional and gaming markets, supported by upbeat PC shipment data and rising videoconferencing equipment orders.

In short, people are buying fewer Zoom subscriptions — and more webcams.

Margins That Matter

Citi highlighted one of Logitech’s biggest strengths: consistent margin expansion.

The company has delivered gross margins above 40%, often beating market expectations. That consistency shows meaningful pricing power, product leverage, and resilience against tariffs and macro shocks.

Analysts believe that as Logitech scales, it can sustain or even expand those margins, translating into stronger operating income and free cash flow. The firm also sees upside from Logitech’s newer lines of high-end peripherals designed for hybrid workers, streamers, and esports competitors.

A Solid Connection

With the stock up 33% YTD, Logitech remains a consensus Hold on the Street. But Citi’s bullish stance could reset sentiment, especially as return-to-office trends support renewed hardware refresh cycles.

For investors looking beyond megacap AI trades, Logitech might be the rare tech stock still offering both value and growth potential. Citi says it’s time to plug back in — and this time, stay logged on.

Are you bullish or bearish on Logitech (LOGI) over the next 12 months?

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OVERHEARD ON THE STREET

CNBC: The Fed’s Beige Book said Trump’s tariffs were driving prices higher and inflation up as firms passed costs to consumers.

Reuters: Stellantis $STLA ( ▲ 2.12% ) announced a $13B US investment plan to offset Trump-era tariffs and revive its sales in the company’s largest market.

CNN: Instagram $META ( ▲ 1.26% ) tightened teen safety rules to match PG-13 standards, hiding mature content and blocking interactions with age-inappropriate accounts.

Axios: GE Aerospace $GE ( ▲ 0.01% ) CEO Larry Culp announced a $30M, five-year workforce training initiative to boost US manufacturing and aerospace job skills.

YF: Apple $AAPL ( ▲ 0.63% ) unveiled its new M5 chip with an upgraded CPU and 10-core GPU, delivering up to 4x the AI performance of the M4.

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RESEARCH REVIEW: SHUTDOWN BETS

Didn’t receive our Street Sheet Research report last weekend?

Here are some of the pressing questions we answered:

  • How do you bet on the shutdown?

  • Who is the “AI juggernaut for the information age”?

  • Is quantum computing overvalued?

And many more. Get these answers, along with instant access to our source for real-time investing info, The Street Feed, and our first-ever Equity Research Report, An Aging America. Sign up for Street Sheet Research today.

STREET TWEET

Crypto euphoria check: still early?

Searches for “buy bitcoin” are nowhere near the 2021 highs.

Translation: the bull market might just be getting started?

Or, at the very least, your cousin who bought at $68K isn’t back to blowing up the family groupchat. Yet.

TUESDAY POLL RESULTS

Are you bullish or bearish on Pattern Group $PTRN ( ▼ 0.07% ) over the next 12 months?

▇▇▇▇▇▇ 🐂 Bullish

▇▇▇▇▇▇ 🐻 Bearish

And, in response, you said:

  • 🐂 Bullish — “Just not enough information to go by.”

  • 🐻 Bullish — “It's too soon to tell if this company will be successful in this emerging but crowded market space.”

Reply

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