Special Situations 🌐 Research Newsletter (Jay)
One of the most comical SPAC deals of the year; one no-revenue company buys another:

Nikola $NKLA will acquire $RMO Romeo Power for $144mn (~90% discount).

That’s a fraction of the $1.33bn value at which the CA-based company agreed to merge with a SPAC.
$LCID $PSNY $RIDE
tweet

Special Situations 🌐 Research Newsletter (Jay)
BREAKING: $PEP PEPSICO TO TAKE 8.5% STAKE IN CELSIUS $CELH FOR $550M AT $75/SHARE @JonahLupton
tweet

Fred Liu
RT @williswee: Indonesia bans PayPal, Yahoo Search, and other tech platforms https://t.co/sSZA6pzYYF
tweet

Paras Chopra
Why does iCloud suck so much?

It decides to upload ~250gb of data from my hard drive every other week. Syncing files efficiently across storages cannot be this hard.

@Apple, fix your software! https://t.co/uYjLNUBGfJ
tweet

Alex Brogan
What is your go-to question when meeting someone to skip small talk and jump right into a meaningful conversation?
tweet

Special Situations 🌐 Research Newsletter (Jay)
RT @vulcaninvestor: This is always 🔥 https://t.co/miDG0Bj8CC
https://t.co/1R1RL9XRo0 - Special Situations 🌐 Research Newsletter (Jay)
tweet

Meb Faber
Investing quote of the day via @danielcrosby: https://t.co/U63Kb1mibD
tweet

Paras Chopra
What does “first principles thinking” mean to you?
tweet

Morning Brew ☕️
Monday mornings, am I right? https://t.co/XCdjTFYgle
tweet

Rihard Jarc
$ASML is, in my view, the best way to get exposure to the semiconductor industry.
tweet

Special Situations 🌐 Research Newsletter (Jay)
$BAC: "equity low in June wasn’t floor for stock markets & investors need to see more earnings cuts before the bear market ends.

Prior bear markets ended after EPS cuts, whereas today forward EPS is still +7% YTD, strategists led by Savita Subramanian write in a note. $SPY $IWM
tweet

Jim OShaughnessy
“I've lived through some terrible things in my life, some of which actually happened.”
~Attributed to Mark Twain https://t.co/o2Y4zpGFjk
tweet

Special Situations 🌐 Research Newsletter (Jay)
Service PMI missed (47) to contractionary levels last week. This morning S&P Global Manufacturing PMI missed at 52.2 vs. exp 52.3.
tweet

Special Situations 🌐 Research Newsletter (Jay)
Former Fed Reserve Governor Bill Dudley:

"Investors have lately become strangely optimistic that the Fed won’t have to tighten monetary policy much further, bidding up stocks and bonds amid hopes that the Fed pivot.

This wishful thinking is both unfounded & counterproductive."
tweet