September gets a bad rap on Wall Street.

Well, for 6 years, The Street Sheet has worked to transform the stock market. So, we may as well try to redeem September, too.

That’s why we’ve chosen Sept. 13 to launch our most ambitious project yet. Secure free, early access here.

Finally, read to the end for the most cursed 28x return in history…

— Brooks & Cas

In 2010, a Grammy-winning artist passed on investing $200K in an emerging real estate disruptor. That stake could be worth $100+ million today. 

One year later, another real estate disruptor, Zillow, went public. This time, everyday investors had regrets, missing pre-IPO gains. 

Now, a new real estate innovator, Pacaso – founded by a former Zillow exec – is disrupting a $1.3T market. And unlike the others, you can invest in Pacaso as a private company.

Pacaso’s co-ownership model has generated $1B+ in luxury home sales and service fees, earned $110M+ in gross profits to date, and received backing from Maveron, Greycroft, and more. They even reserved the Nasdaq ticker PCSO.

And you can join them for just $2.90/share. Just don’t wait. Pacaso’s opportunity officially ends September 18.

$STZ ( ▲ 1.69% ) Constellation Brands Cuts Outlook on Weak Beer Demand (WSJ)

$PEP ( ▲ 0.48% ) Pepsi shares jump as activist Elliott takes $4 billion stake, sees ‘historic’ value opportunity (CNBC)

$NKE ( ▼ 1.91% ) Nike to lay off less than 1% of corporate team (Retail Dive)

$UTHR ( ▲ 5.36% ) United Therapeutics posts Tyvaso trial win (SeekingAlpha)

$XYZ ( ▼ 1.11% ) Block, Inc. shares fall after BNP Paribas Exane downgrades to Neutral from Outperform. (AInvest)

Fortune: UBS $UBS ( ▼ 0.14% ) warned of a 93% recession probability based on hard data, projecting a “soggy” US economy ahead.

CNBC: Amazon $AMZN ( ▼ 1.42% ) will end its Prime Invitee Program on Oct. 1, limiting free shipping sharing to same-household members only.

WSJ: Klarna launched its New York IPO, seeking to raise up to $1.5B at a valuation of about $14B.

AP: McDonald’s $MCD ( ▼ 0.86% ) will cut combo meal prices starting Sept. 8, launching $8 Big Mac and $5 Sausage McMuffin deals nationwide.

Reuters: Nestle $NSRGY ( ▲ 0.01% ) fired CEO Laurent Freixe for concealing a workplace romance, deepening its leadership crisis amid weak sales and tariffs.

Warren Buffett called Kraft Heinz’s split, announced today, “disappointing”. But there’s another major company planning a breakup — and investors may be much less disappointed in its outcome.

Aptiv $APTV ( ▲ 0.03% ) is betting a split will shift how investors view its ineffable stock. The auto-tech firm plans to spin off its electrical-distribution-systems business, allowing the RemainCo to focus solely on safety and software solutions.

Management argues that the separation will let each allocate capital more effectively and pursue growth at its own pace.

Barron’s notes that, despite a broad and diverse business, Aptiv’s stock has struggled to escape the label of a traditional auto-parts supplier. Shares once fetched 36x forward earnings during the EV boom, but today trade closer to 10x. By creating a standalone safety-and-software company with higher margins, Aptiv aims to reset those perceptions.

The planned spinoffs highlight a striking difference in performance. In 2024, electrical distribution brought in $8.3 billion in sales with margins just under 10%, while safety and software generated $12.2 billion with nearly 19% margins. Baird analyst Luke Junk said the split is about “orienting the company toward higher return opportunities overall.”

The new Aptiv will sell sensors, electronics, and communications systems across autos, aerospace, and other industries. It has already pushed beyond cars with its 2022 acquisition of Wind River, a software firm. Post-spin, Barron’s estimates roughly a quarter of its business may be nonautomotive, compared with higher mixes at peers like TE Connectivity $TEL ( ▲ 0.02% ) and Amphenol $APH ( ▼ 1.99% ).

RBC Capital Markets $RY ( ▼ 0.85% ) analyst Tom Narayan says the auto supply outlook is stronger than feared, and the spinoff could help improve margins through automation and manufacturing changes. He rates the stock Outperform with a $92 target, about 17.5% above today’s close.

Spinoff specialist Jim Osman calls the move “a strategic shift” rather than a corporate shuffle. Whether investors agree may determine whether Aptiv’s shares move closer to triple digits or fall back toward prior lows. As past examples from GE and BorgWarner show, the market’s verdict on breakups often comes with surprises.

Institutional investors back startups to unlock outsized returns. Meanwhile, regular investors have to wait. But not anymore. Thanks to regulatory updates, some companies are doing things differently.

Take Revolut. In 2016, 433 regular people invested an average of $2,730. Today? That’s worth $1+ million, up 89,900%. No wonder thousands are taking the chance on Pacaso. 

Founded by a former Zillow exec, Pacaso’s co-ownership tech reshapes the $1.3T vacation home market. They’ve earned $110M+ in gross profit to date, including 41% YoY growth in 2024 alone. They even reserved the Nasdaq ticker PCSO.

The same institutional investors behind Uber, Venmo, and eBay also backed Pacaso. 

And you can join them as an early-stage investor for just $2.90/share. 

Just don’t wait. Pacaso’s opportunity officially ends September 18.

CNN: Gold surged to a record $3,509 per ounce as a weaker dollar and expected Fed rate cuts boosted demand.

Bloomberg: Apple’s $AAPL ( ▼ 0.16% ) lead AI robotics researcher left to join Meta $META ( ▲ 0.57% ), marking another high-profile AI talent exit.

WSJ: A federal judge ruled Trump’s deployment of troops in Los Angeles unlawful, citing violations of the Posse Comitatus Act.

Reuters: Disney $DIS ( ▼ 0.75% ) agreed to pay $10M to settle FTC claims it unlawfully allowed children’s data collection on YouTube videos.

BI: Some Silicon Valley technologists are spending savings on bunkers and survival gear, fearing AI could soon threaten humanity.

SBF: terrible fiduciary, incredible investor.

A half-billion punt on Anthropic turned into $1.3B for creditors. If he’d held, it’d be $14B+.

Proof you can, simultaneously, be both right and ruinous.

Are you bullish or bearish on QXO $QXO ( ▲ 6.76% ) over the next 12 months?

▇▇▇▇▇▇ 🐂 Bullish

▇▇▇▇▇▇ 🐻 Bearish

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