Airtags for All My Friends

Market Snapshot Futures again pointed towards green Tuesday morning. ETH and BTC showed a little spirit, and WTI crude closed back above $104. The dollar weakened slightly, potentially fueling the day’s big rally. The ten-year remained above 3%, and markets tested key technical levels. Yesterday’s rally was something, to say the least. The VIX has been all over the place, unable to pick a direction for the last couple of weeks. Everyone got in on the party, from DeFi to Oil to equities; it was a soiree for everyone. At the closing bell, the Dow was up 2.42%, the S&P climbed 2.75%, and the Nasdaq was up 3.11%. Interested in honing your modeling and valuation skills? This virtual, 2-day bootcamp will help you master MS Excel, leveraged buyouts, financial statements, M&A models, and valuations. This session is filling up; don’t miss your chance to master these vital skills. [Master Financial Modeling and Valuation]( Let’s get into it. Banana Bits - Chinese holdings in USD fall below $1Tn for the first time in [more than a decade]( - Elon and Twitter have their [first day in court]() - Colleges are running out of money, so they’re turning to M&A to [stay afloat]( - Are Netflix and Microsoft a [match made in heaven]() for ad revenue? - Chinese tech name Didi [to be fined]() a number with a lot of zeros by Chinese regulators Banana Brain Teaser Yesterday — Translate this into a colloquialism: I RIGHT I Right between the eyes. Today — For this next BBT, we will chop 250 bananas off of our Aug 6-7 [Financial Modeling and Valuation Bootcamp](). Let’s try this one: You’re in a 26.2-mile race, and you’ve just beaten the person in second place. Where are you? Shoot us your guesses at [vyomesh@wallstreetoasis.com](mailto:vyomesh@wallstreetoasis.com?subject=Banana%20Brain%20Teaser) with the subject line “Banana Brain Teaser” or simply [click here to reply!](mailto:vyomesh@wallstreetoasis.com?subject=Banana%20Brain%20Teaser) Macro Monkey Says Another Crisis in Europe — If you live in the Northeast, you know that a 95 day in New England isn’t particularly enjoyable. It’s humid, many establishments don’t have central air conditioning, and generally, the population isn’t used to scorcher after scorcher. The same can be said about Northern Europe, particularly when it comes to that little tidbit about air conditioning. Do you enjoy waking up in a pool of your own sweat? I’m sure you can find an awesome Airbnb across the pond right now, where you can find just that. There are loads of government-sponsored initiatives to lower Europe’s carbon footprint or achieve a greener, more sustainable posture in the next 25 years or so. Check out my rant about ESG from yesterday morning. European governments have spent hundreds of billions of dollars in the last few decades to lower their footprint per dollar of GDP. These outlays and their underlying policies have come at the expense of reliable energy sources like natural gas and that sweet, sweet crude. But even after spending all of this money on initiatives to prep for a greener future, certain modern amenities have been left out in the cold, er, heat. Many public spaces lack acceptable cooling when the thermometer tops triple digits outside. Many hospitals in Europe don’t have acceptable air conditioning to cope with this heat. The elderly and those with certain respiratory conditions are at higher risk during these heat waves. It would not be unheard of to have hundreds of people die in these short but hot summer weeks. As the European energy crisis continues, those who have air conditioners might not be able to afford to run them. Read that again: electricity prices are so high right now that it’s exorbitantly expensive to flip on the air conditioning. This is a recipe for misery, and ordinary citizens in Europe are paying the price of their governments’ policies during this summer’s crippling heat. WSO Financial Modeling & Valuation Bootcamp [image]( Interested in honing your modeling and valuation skills? This virtual, 2-day bootcamp will help you master MS Excel, leveraged buyouts, financial statements, M&A models, and valuations. Taught by experienced finance professionals with proven industry success, this course is a unique opportunity to better your skills and propel your career. Our goal: give you the modeling and valuation foundation you need to conquer the finance world. This session is filling up; don’t miss your chance to master these vital skills. [Master Financial Modeling and Valuation]( What's Ripe Meta Platforms, Inc ($META) — Big news hit the Street yesterday, and that was about a fat lawsuit by Amazon. However, this lawsuit was not some esoteric antitrust suit or anticompetitive practices in data sharing. Amazon is suing 10,000 Facebook groups, more or less, for propagating falsified reviews that hurt $AMZN’s business. Meta investors were happy that it wasn’t a lawsuit directed at $META as a company. Shares of $META climbed 5.11%. Boeing ($BA) — For a beat-down aerospace name, Boeing had a great day yesterday. After receiving a fat order of 737 MAX jets from a major airline, it has entered another agreement with two aircraft leasing companies. Not only are these deals profitable, but they’re also another feather in the cap of the 787 Dreamliner, Boeing’s flagship over-the-horizon aircraft. Shares of $BA jumped 5.67%. What's Rotten Johnson & Johnson ($JNJ) — Even after beating on both the top and bottom lines, shares of $JNJ pulled back yesterday following the company’s quarterly earnings report. Their leadership adjusted the rest of the year’s guidance downward, but only a handful of perfect for both overall EPS and total revenues. That probably explains why the share price didn’t take a 10% $hit. $JNJ closed lower yesterday, down 1.45%. Signature Bank ($SBNY) — Shares of Signature Bank traded as much as 8.5% lower yesterday after reporting their annual results, down 4.51% at the closing bell. Both the company’s EPS and revenue numbers more or less matched analyst estimates; the reason for the decline can likely be attributed to a $5.3Bn pullback in non-interest-bearing deposits. Thought Banana Travel Is Fun, Getting There Sucks — Summer travel season is here. There are loads of people out of the office using their PTO. Turning off your cell phone and not checking your email while actually taking some PTO is the ultimate flex. Don’t believe me? Live your life married to your iPhone while constantly working late night PLZ FIXes for your boss for a decade, and then come talk to me. The world is finally wide open to travel, and getting away for an experience or just some lazy days on the beach sound like a great way to recharge the ol’ batteries. But between canceled flights, inflated ticket and hotel prices, no Ubers, and a new aversion for some to be anywhere near strangers in public, is it worth it? The global airline industry is struggling in a few areas. At times, just boarding and taking off on time seems like an impossible ask. July has been one of the worst months for checked bags. Airlines are losing bags left and right. To combat this challenge, travelers are using Air Tags and tile trackers to help track their bags, giving themselves at times more situational awareness of their bags’ ETA than the actual airline has. These ultra-wideband data link-enabled tracking devices can help you go straight to the baggage desk instead of having to wait until the baggage claim carousel is fully unloaded. You’ll know more or less with an acceptable precision where your bag is. Things are so bad that some airlines have sent airplanes full of luggage and not passengers between two locales in a non-revenue generating flight to transport just lost luggage. If you’re a shareholder in one of the big airlines, that probably makes you mad. Travel agents, a service that lots of boomers use, so I’m told, are giving out advice to potential vacation seekers: book your travel well in advance of any sort of event you’re attending. If you’re going to a wedding, don’t show up the night before – give yourself an extra day or two. This advice is kind of elitist, as it assumes that everyone is rich enough to afford an extra couple of days away from home and away from their jobs. But I don’t know a lot of younger people who actually use a travel agent, so maybe the boomers have the stacks to enable themselves to adhere to this advice. Hopefully, the rest of the summer is less eventful than the first half, but I’m not betting on it. Wise Investor Says “An intelligent investor sees an opportunity in dip than risk.” — Mohith Agadi 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 IB Oasis Corp. (aka "Wall Street Oasis") 20705 Saint Charles St Saratoga, California 95070 United States (617) 337-3353