Morning Brew ☕️
Random thought.

Has anyone ever been asked to provide proof of a college degree when securing a job?
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Special Situations 🌐 Research Newsletter (Jay)
$CAR Avis Budget jumps 6% to $192.50 after Q2 results beat estimates
- Q2 adj EPS $15.94 v est $11.48
- Q2 revenue $3.24B v est $3.17B
- "Through enhanced revenue generation, diligent fleet management & stringent cost control, generated another record quarter w $1.2bn Q EBITDA!
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Special Situations 🌐 Research Newsletter (Jay)
When analysts talk about fundamentals when there is a firm bid for company with a signed merger agreement... https://t.co/rYj1S2820K
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Special Situations 🌐 Research Newsletter (Jay)
The Organization of the Petroleum Exporting Countries (OPEC)and allies including Russia, together known as OPEC+, meet on Wednesday to decide on September output. $USO $UCO $OXY

Caixin/Markit PMI eased to 50.4 in July from 51.7 the previous month, well below analyst exp (Sunday)
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Special Situations 🌐 Research Newsletter (Jay)
When you don't understand something, do the work. And if you still don't understand, step aside and wait for the next opportunity, or an easier to understand catalyst.
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Michael Mauboussin
RT @HelloSurgeAI: We just released our latest free dataset — financial transactions annotated with intent and expense category.

All yours, right here: https://t.co/TIZImriW8R

And a blog about how we built it: https://t.co/52zWCMIYGZ

Image courtesy of DALL·E 2 :) https://t.co/L2NmdYV9WY
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Special Situations 🌐 Research Newsletter (Jay)
Jefferies $JEF said it expects to pay combined $80mn civil monetary penalty to SEC & US Commodity Futures Trading Commission.

Cites industry-wide regulatory investigation relating to record-keeping requirements in connection with personal-texting devices used for business...
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Special Situations 🌐 Research Newsletter (Jay)
Can't make this nonsense up $MCO:

Moody's: "Due to Manchin's bill, inflation will be 0.33% lower in 2031..."

How do you even forecast that and how does it matter???

Source below:

https://t.co/Vk07jjURNt
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MastersInvest.com
‘I think it is very important to understand that FedEx’s success is also its nemesis in that it is very similar to a telephone company. I could go out and try sell you a telephone service for a dime a month that would allow you to call (only) Seattle…’ https://t.co/Bjw0VuQCl9
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Oddball Stocks Newsletter
RT @TheCreditBubble: 🚨🚨
New CBS post, looking at Q2 earnings for $PM, $BTI, $MO, $SWMAY and assessing "Re-Nicotinization" prospects:

https://t.co/WfEKfqoQDm
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MastersInvest.com
RT @ProfFeynman: If you have a theory, you must try to explain what’s good and what’s bad about it equally. In science, you learn a kind of standard integrity and honesty. https://t.co/jJ3IxZN7RA
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Special Situations 🌐 Research Newsletter (Jay)
We are going to see a lot more Fed jawboning this month...
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Paul Graham
I was talking to a high school student interested in a certain technology and I suggested she try reading some papers about it. I told her to look on Sci-Hub. How broken is it that the default advice for a young student interested in research is to use a "pirate" web site?
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Ethan Mollick
I created all the graphs in this viral thread within a day of first using MidJourney, a DALL-E-like AI image generation system.

I think the technology is transformative to how we relate to art and design. Everyone should try it. Here is a thread on how to, in under 10 minutes🧵 https://t.co/Gjs4oY23Y3
Data visualization inspiration thanks to DALL-E: how Rothko, Basquiat, Picasso, and Monet would create an academic chart. https://t.co/HM5U2f2E8g - Ethan Mollick
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Special Situations 🌐 Research Newsletter (Jay)
California also declares a state of emergency over monkeypox

https://t.co/K57VbpWT5l
NYC declares state of emergency around Monkeypox

https://t.co/JQAVUIlEYM https://t.co/ZIKQENSrNt - Special Situations 🌐 Research Newsletter (Jay)
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