HAPPY FRIDAY TO THE STREET
In case you missed this morning's announcement, we just opened the doors to our latest and most exciting venture yet. Introducing Street Sheet Strategies.
Yesterday, we called it the difference between being handed a fish and cooking the whole meal. Now, here's the menu, plainly: members get to follow three professionally managed portfolios, run in partnership with independent financial management firm DePaolo & May Strategic Wealth.
If you’re looking for the simplest path to a complete portfolio, that’s one way to view the product. It’s the premium wealth management experience, pre-packaged, without any advisory fees.
But we know most of you have a knack for picking your own stocks, too, so here’s the other way to think about it: an investing masterclass in real time. The managers provide full transparency behind every holding and weighting, along with monthly commentary and updates, as each strategy evolves with the market.
The first course landed this morning: members received their July updates with breakfast. We saved you a taste. Join here, or learn more below.
— Brooks & The Street Sheet Team
Here's a number worth sitting with: 7.8%.
That's what the Street Sheet Strategies Enhanced Income portfolio currently yields in distributions, at less than half the interest-rate risk of the standard bond index. On $100,000, that's roughly $7,800 a year at July’s yield.*
In an economy where the job market is tightening and no paycheck feels guaranteed, a second income stream isn't a luxury. It's the position you build first.
Case in point: the market currently puts the odds of a September Fed hike above 60%. In this morning's letter, our Strategies managers explained to members why a book built like this barely cares either way. The reasoning — and the plan if a hike does materialize — is inside.
Enhanced Income is just one of three complete portfolios in Street Sheet Strategies, managed by a fiduciary firm running the same process they use for their private clients. Join today to reveal the full holdings, learn the process, and see what’s happening behind Wall Street’s closed doors.
*Model strategy figures, gross of fees. Yields are trailing distributions and not guaranteed. Past performance does not guarantee future results. Read full disclosures below.
MARKET SNAPSHOT
S&P 500 Heatmap. Credit: Unusual Whales
WHO WILL WIN THE WORLD CUP?
Sunday’s World Cup final is now officially the biggest prediction market ever built.
Kalshi’s Argentina-Spain contract has cleared $1.27B since Wednesday, dwarfing the roughly $2B the NBA finals drew and the $1B on the Super Bowl. Spain sits at 61%. Then again, the market gave both losing semifinalists a 10% edge, so price that confidence accordingly.
Market Movers
ALPHABET, BP, ALCOA
📉 | Alphabet (GOOGL) slid a second straight day on a report that Google is months late on its latest Gemini model.
📈 | BP (BP) rose on a report it will announce new multibillion-dollar investments in Iraq.
📉 | Alcoa (AA) slipped after cutting its 2026 alumina production outlook.
📈 | Nebius Group (NBIS) advanced after raising $775M in debt financing backed by its GPU infrastructure.
📉 | Intuitive Surgical (ISRG) sank despite beating on Q2 earnings and revenue.
Tomorrow's Trade Idea, Today
MMM, THAT’S THE STUFF
Stock Spotlight
Looking for MMMore upside? Street Sheet Research members get 3 stock picks from the Top 30% of analysts with 30%+ implied upside each week. Subscribe today.
Adhesive Conviction
JPMorgan wants investors sticking with 3M into next week’s print.
Analyst Chigusa Katoku upgraded the industrial giant to Overweight ahead of its earnings due Tuesday before the bell. Katoku argues that growth is finally taking hold at a company that badly needs it to power the next leg of EPS growth.
Broadening Out
The analyst’s case rests on AI demand spilling past the obvious winners. Data center and semiconductor sales are picking up the slack from soft consumer electronics and auto end markets, per the Katoku.
She also sees 3M gaining ground in mainstream products, with pricing that should stick even as inflation cools. JPMorgan models $2.26 per share for the quarter against a $2.24 consensus.
Split Decision
Wall Street is not sold. 9 analysts rate 3M a Buy or Strong Buy, but 8 say Hold, while another 2 rate the stock Underperform or Sell.
The Post-It-note-maker’s Q2 numbers land Tuesday. Katoku is betting the other half of the Street eventually sticks to her note.
Do you own any shares of 3M (MMM)?
OVERHEARD ON THE STREET
🖥️ Anthropic is in very early talks to lease roughly $10B of computing power from Meta (META).
🗳️ A CNBC survey found 61% of the public is pessimistic about the economy, the highest reading since December 2023.
✈️ The FAA restored Boeing’s (BA) authority to issue airworthiness certificates for the 737 Max and 787 Dreamliner, eight years after stripping it.
🤖 China’s Moonshot AI released Kimi K3, a 2.8T-parameter model it calls the world’s biggest open-source system.
🚀 SpaceX (SPCX) fell to roughly 9% below its IPO price this week, though over half of Friday’s put premium was sold rather than bought.
THURSDAY’S POLL RESULTS
Do you own any shares of BlackRock (BLK)?
▇▇▇▇▇▇ 🐂 Yup, I’m holding
▇▇▇▇▇▇ 🐻 Nope, not interested
▇▇▇▇▇▇ 👀 No, but I’m interested
And, in response, you said:
🐂 Yup, I’m holding — “They already have a large AUM portfolio and it continues to grow as seen by their latest results.”
🐻 Nope, not interested — “Share price too high. Time to split for retail investors.”
Important Disclosures: Street Sheet Strategies is published by The Street Sheet in partnership with DePaolo & May Strategic Wealth ("D&M"), an SEC-registered investment adviser. Registration does not imply a certain level of skill or training. Performance figures reflect the track record of model portfolios, presented gross of transaction costs and without deduction of any investment management or advisory fees; the track record is blended and includes an initial hypothetical period prior to live publication. Methodology and important limitations are described in the full disclosures which can be found on our website in our terms of service. Past performance is not indicative of future results. Investing involves risk, including possible loss of principal. Yields shown are trailing distributions and are not guaranteed. The Street Sheet is a publisher, not an investment adviser; subscribing does not create an advisory or fiduciary relationship with The Street Sheet or D&M, and nothing herein is individualized investment advice or a recommendation that any security or strategy is suitable for you. Your results will differ from the strategies shown. D&M, The Street Sheet, their affiliates, and D&M's clients hold positions in securities discussed and trade in them, including before publication, under the trade-sequencing policy described in the full disclosures. The Street Sheet also publishes paid advertisements and discloses them per Section 17(b) of the Securities Act of 1933. Consult your financial, tax, and legal advisers before investing. Full disclosures can be found here.
