HAPPY FRIDAY TO THE STREET
Paramount Skydance (PSKY) is about to close its deal for Warner Bros Discovery (WBD), and CEO David Ellison has picked a name for the combined giant: Skydance. Paramount and Warner Bros stay on as distinct studios under the new SKYD ticker. A century of Hollywood history, two iconic brands, and the winning name is... the one already on the door.
🟩 | US stocks rose as a weak jobs report eased rate-hike fears, with tech leading while lower oil added support.
📉 | One Notable Decliner: Nexalin Technology (NXL) plunged after a new 10-year distribution deal superseded its prior letter of intent.
— Brooks & The Street Sheet Team
MARKET SNAPSHOT
Market Movers
BROADCOM, NIKE, SEAGATE
📈 | Broadcom (AVGO) reportedly agreed to lend Anthropic up to $42B to finance chip and hardware purchases.
📉 | Nike (NKE) missed fiscal Q1 revenue estimates on falling China sales and plans 2027 layoffs.
📉 | Seagate Technology (STX) tumbled on a report that Toshiba will double its data center hard drive capacity.
Tomorrow's Trade Idea, Today
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Check-In Time
Airbnb is priced like a budget motel, and KeyBanc thinks investors should book a room. The firm upgraded the stock to Overweight on three pillars: durable, product-led growth, a budding hotel business, and a seat at the AI table.
Discount Lodging
Shares trade at 14.1x KeyBanc's 2028 EV/EBITDA estimate, below their three-year median of 16.7x. They also sit at a discount to traditional lodging peers, despite stronger growth and operating momentum.
Analyst Sergio Segura sees hotels becoming a credible second growth engine. He also argues Airbnb's unique inventory, global brand, and heavy direct traffic position it to cash in on the AI boom.
Five-Star Reviews
KeyBanc isn't exactly going out on a limb. Of the 45 analysts covering Airbnb, 27 rate it a Buy or Strong Buy, while 17 call it a Hold.
Still, a cheap multiple on a growing business rarely stays vacant for long. KeyBanc would rather investors grab the keys before the rest of Wall Street checks in.
Do you own any shares of AirBnB (ABNB)
OVERHEARD ON THE STREET
✈️ | The FAA ruled a Boeing (BA) 737 Max software glitch isn't a safety issue, easing Max 10 certification.
⛽ | G7 nations will release 100M barrels of diesel reserves over four months to tame surging prices.
💺 | American Airlines (AAL) will let travelers pay for tickets with cash and miles combined.
🤖 | Anthropic's IPO prospectus warns advanced AI could pose catastrophic or existential risks to humanity.
THURSDAY’S POLL RESULTS
Do you own any shares of Dollar Tree (DLTR)
▇▇▇▇▇▇ 🐂 Yup, I’m holding
▇▇▇▇▇▇ 🐻 Nope, not interested
▇▇▇▇▇▇ 👀 No, but I’m interested
And, in response, you said:
🐂 Yup, I’m holding — “Yes.”
🐻 Nope, not interested — “Too risky.”
👀 No, but I’m interested — “My wife likes to shop there.”
Disclaimers (if applicable)
