PETA's New Favorite Investor

Buying the right shares to save pigs... Silver Banana goes to... [image]() Market Snapshot Always keeping us on our toes, markets were confused as hell on Friday. Looming rate hikes and international crises led to another red day for U.S. stocks. The Nasdaq ended 1.23% lower while the S&P and Dow fared slightly better, finishing down 0.72% and 0.68%, respectively. Want to break into a business role in tech? But don't know where to start? [Secure your spot]() in Skillful's Tech Discovery Weekend, a crash course for everything you need to know about strategy-oriented roles in the tech industry. Let’s get into it. Macro Monkey Says The Week Ahead — Just like last, we have a fun week ahead of us in markets. Let’s get a sneak peek at where the eyes of Wall Street will be focused. Monday: Well, this was yesterday, so who cares. Hopefully, you all celebrated President’s Day by tuning into Fed Governor Bowman’s speech, though. Tuesday: Today’s where the fun starts. The most random assortment of companies you’ve ever seen will drop earnings, including Virgin Galactic, Home Depot, Teladoc, and Macy’s. We’ll also get a fresh update on home prices and just how unaffordable they are, but hey, at least seeing high prices on Zillow is fun, right? Wednesday: Adding fuel to the home unaffordability fire, we’ll get an update on the MBA 30-year fixed mortgage rate as well as an auction of 5-year Treasury notes on Wednesday. Chesapeake Energy, Clover Health, and FuboTV will give us a look at their latest earnings as well. Thursday: Pre-Friday might be the highlight of the week, as usual, if you’re a fan of Thirsty Thursdays. Moderna, Coinbase, Square, Alibaba, Beyond Meat, and Etsy all drop earnings, among others. Keeping the party going will be initial jobless claims and the latest quarterly GDP growth figures. Friday: Heading into the weekend, provided the entire world isn’t wrapped in a nuclear crisis by then, U.S. core PCE and consumer spending reports get released along with other key macro data. Companies reporting are mostly pretty boring, but be on the lookout for numbers from Foot Locker, Lending Tree, and Li Auto, if anyone cares. Maybe earnings from Carl Icahn and his firm Icahn Enterprises will spice things up. We’ll see you there, apes. Just pray Putin doesn’t roll into Ukraine on the back of a 12-foot grizzly bear or something. Speaking of Carl Icahn… — Most people dream of retiring at the ripe young age of 65 and spending the rest of their days hanging out at tropical resorts and annoying their grandkids with stories about when a Coke cost like 5 cents. Carl Icahn is not most people. The 86-year old with $17bn in his pocket is still out here going strong. Known as the King of corporate raiding, Icahn is famous for his style of buying up fat positions in companies he believes are not achieving their full potential due to bad management teams. In the latest edition of this strategy, Icahn is taking on McDonald’s. Although, this time, it’s pretty weird. Most of the time, if you want to be a corporate raider, you need to buy a massive stake in your target company, like I’m talking tens of millions. Icahn, however, seems to be replacing some of that skin in the game with influence. With only 200 shares of McDanks to his name, that is far from any kind of material holding, but Icahn isn’t looking to gut the management team. In an interview with the WSJ, Icahn said his goal was to require all of McDonald’s’ U.S. pork suppliers to ban practices of cruelty such as shoving them into tiny crates for extended periods of time. Isn’t that the cutest thing you’ve ever heard? The worst nightmare to management teams of giant American companies is Icahn turning his focus to the wellbeing of pigs. Absolutely adorable, and to put the cherry on top, Icahn isn’t seeking any financial gain from this endeavor. All he said was that it was something he “feel(s) really emotional about.” Break into a business role in tech. Start right here. [image]() Want to break into a business role in tech? But don't know where to start? Enter Skillful. They've launched a new course called the Tech Discovery Weekend. Think of it as a crash course for everything you need to know about strategy-oriented roles in the tech industry. Over just one weekend you will: ‣ Discover roles that fit your skillset ‣ Get practical advice to nail your job search ‣ Meet mentors from top companies like Stripe, DoorDash and Instacart And much more. All live and online, from March 5th to 6th. [Secure your spot]() What's Ripe Ford ($F) — After a few years of ogling sky-high valuations on EV stocks, Ford has finally decided to get in on the action. Reports swirled on Friday that CEO Jim Farley is strongly considering a split of the legacy auto maker’s EV business from the traditional auto unit. While we don’t know many details yet, investors were hyped. Shares popped over 5% at open and finished the day up a solid 2.9%. Bloomin’ Brands ($BLMN) — Everybody loves Outback Steakhouse, but on Friday, traders loved it even more than Michael Scott. Shares in the parent company of Outback and a few other restaurants gained 7.6% on a solid earnings report in the face of rapidly rising food costs. Revenue and earnings beat and upbeat guidance was the cherry on top, reporting quarterly earnings of $0.60/sh on $1.05bn in sales vs. $0.54/sh on $1.04bn expected. What's Rotten DraftKings ($DKNG) — “Betting on DraftKings” can have two very different meanings, but I hope you weren’t betting on the stock. Shares took a steep tumble on Friday, cratering 21.6% on solid earnings but garbage guidance. The gambling site reported losing only $0.35/sh on $473mn in sales vs. expectations of a $0.81/sh loss on $445mn. Management made the huge mistake of being honest about its FY’22 expectations, projecting an EBITDA loss of $300mn more than anticipated. Hey guys, just lie next time, okay? Roku ($ROKU) — Roku has some high-quality entertainment, but on Friday, the most entertaining thing to watch was the share price absolutely plummet. The streaming firm reported earnings of $0.17/sh on $865mn in sales while the Street was expecting $0.09/sh on $894mn. That earnings beat wasn’t nearly enough to make up for disappointing revenue and even more disappointing guidance, leading shares to their worst day ever at a loss of 22.3%. Thought Banana Palihapi-See-Ya — The SPAC King just can’t seem to stay out of the news cycle and definitely can’t escape the eyes of the Daily Peel. Just as we sh*t on Chamath last week with a joke about him taking a scam company public, this week, we find out he’s leaving his chairman position at an existing (semi-)scam company. Down 85% from peak valuation, Chamath Palihapitiya is leaving his position at Virgin Galactic in order to focus on other (*ahem*, did you mean better?) public companies. The move, which was meant to be kept on the down low, comes at a strange time. For starters, Virgin Galactic just last week began actually selling tickets to those who reserved seats on their space flights. Leaving just before the firm starts to make money is an interesting choice. I mean, the writing kinda has been on the wall since March 2021, I guess. Back then, Chamath sold his entire stake in Virgin Galactic, netting a couple hundred million that he promised to reinvest in climate change. As if $SPCE wasn’t volatile enough already, just wait for the market to open in a few hours. Wise Investor Says "I enjoy the hunt much more than the 'good life' after the victory." — Carl Icahn Happy Investing, Patrick & The Daily Peel Team Was this email forwarded to you? Sign up for the WSO Daily Peel [here](). [ADVERTISE]( // [WSO ALPHA](=) // [COURSES](=) // [LEGAL](=) Don't want The Daily Peel? [Unsubscribe here](=). Click to [Unsubscribe]( from ALL WSO content Wall Street Oasis (IB Oasis Corp.) 20705 Saint Charles St Saratoga, California 95070 United States