HAPPY TUESDAY TO THE STREET
Uncle Sam is about to open more accounts than a brokerage on meme-stock Monday. Treasury says Trump Accounts will auto-enroll kids as early as Oct 1, potentially adding more than 60M this year after opt-in netted just 7M to 8M. Apparently the hardest part of investing for your kids was filling out Form 4547.
🟥 | US stocks slipped today as Treasury yields hit multiyear highs, pressuring financials and keeping the broader market subdued.
📈 | One Notable Gainer: Oracle (ORCL) rallied after debuting its Fusion Claw agentic AI application.
📉 | One Notable Decliner: Fair Isaac (FICO) plunged after the FHFA put rival VantageScore on its mortgage pricing grid.
— Brooks & The Street Sheet Team
MARKET SNAPSHOT
Market Movers
CARNIVAL, IOVANCE, CARMAX
📈 | Carnival (CCL) beat Q3 estimates and said 2027 is booked at record occupancy.
📈 | Iovance Biotherapeutics (IOVA) raised full-year revenue guidance to $410M to $420M.
📈 | CarMax (KMX) crushed Q2 earnings and revenue estimates.
Tomorrow's Trade Idea, Today
BINGE THE DIP
Stock Spotlight
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Plot Twist
September has been a horror show for Netflix shareholders. Deutsche Bank thinks the next act looks a lot better.
Analyst Bryan Kraft upgraded the streaming giant to Buy, arguing that investors fixated on user engagement worries are missing the bigger picture.
Shot on Location
Kraft's core argument is geographic. More than 60% of Netflix's production now happens outside the US, giving it a substantial lead over rivals in international content.
He believes that edge lets Netflix sustain its global leadership. Its brand strength, subscriber scale, and know-how also position it to keep growing as a platform rather than just a studio, per the analyst.
Rated B for Buy
Shares are deep in the red YTD and on pace for their worst month since June. Wells Fargo (WFC) cut the stock to Underweight earlier this month over engagement concerns.
Still, most of the Street isn't changing the channel, with 37 of 51 analysts rating it a Buy or Strong Buy. Deutsche Bank's advice for everyone else? Stop scrolling and press play.
Do you own any shares of Netflix (NFLX)?
OVERHEARD ON THE STREET
🚗 Ford (F) CEO Jim Farley said it's too late for Europe to fend off Chinese automakers, but not the US.
🏰 Disney (DIS) is laying off around 300 employees, mostly in HR and tech.
🍗 El Pollo Loco (LOCO) will open its first New York City restaurant in Queens next year.
🤖 OpenAI launched GPT-6.1 Sol, claiming near-GPT-6 Astra performance at one-fifth the token price.
💼 McKinsey estimates AI could force 11M US workers into new careers by 2035.
FRIDAY’S POLL RESULTS
Do you own any shares of Akami (AKAM)?
▇▇▇▇▇▇ 🐂 Yup, I’m holding
▇▇▇▇▇▇ 🐻 Nope, not interested
▇▇▇▇▇▇ 👀 No, but I’m interested
And, in response, you said:
🐂 Yup, I’m holding — “Bought at 119 today.”
🐻 Nope, not interested — “Sold recently.”
👀 No, but I’m interested — “New to me, I have to google for more info.”
