$GAP: another reset at Athleta w new head from $NKE. Athleisure space remains very competitive. share.google/wq1QNx29bV1hxE…

2Q GDP +3%, PCE 2.1%, core PCE 2.5% with 1.4% personal consumption. Pretty Goldilocks.

$META: outstanding Q with 38% y/y EPS growth, 22% y/y Revs w 21% y/y advertising. Op income up 38% y/y. OM 500 bps expansion y/y. Ad impressions up 10% and px/ad up 9%.

Must listen to conference calls: $META early innings we are actually in wrt AI/Superintelligence. $MSFT also gives great stats on how big Quantum Computing will be not to mention the upshift in Cloud growth as cos still in early adoption.

$PANW: the $CYBR deal does a few things - increases the TAM by $60B, the ARR exposure/ growth and gives them more to offer to their customers. The 10% sell off is some arb action but an opportunity imho. Nikesh Arora

$KKR: a cut above the rest w management fee growth at 9% Q/Q - strength across all segments, Fee related earnings up 22% Y/Y, solid net realizations and fundraising momentum.

$PWR: Power, power, power - the main topic on the call. Not enough of it. Another record backlog at $35.8B up 14% y/y driven by strong demand from technology, power gen, and energy storage solutions. Revs up 21%, org g up 6%, Op Inc in both divisions up y/y. #s headed higher.

$CMG RSI 25 for the best in class operator in the space.

Markets didn't have a good week but remember $SPX is up 25% from the April lows. Aug/Sept seasonally challenging but after that 4Q set up is well. EPS are beating x eventually that will matter. Enjoy Julia Michaels - Try your luck

Beyond the "panic" from the macro last week - what was important to learn was that US cos AI capex spend is alive and well: collectively $GOOG $MSFT $AMZN $META will spend $400B in 2025 - close to what the entire EU will spend on defense at $410B. #electrification

Went on AI. Something I’ve said for a while: Weekly jobless claims are generally considered a leading indicator of the labor market, while nonfarm payroll numbers are a coincident indicator. Weeklies have been coming down to 221K last 4 weeks. Just saying.

Had a really kind person that told me she made $300K on $GE. Well that’s worth it…

$WFC: Good to be Charlie Scharf. Received a large equity award consisting of $30M in restricted shares and 1.05M options priced at $82.65. It's the first time the company has handed out options since 2013. Nice incentive to drive better co performance.

Great event with Markets Group

$ETN: silly season continues with negative stock px reaction. The company had DC sales and orders up 55% with revs up 50% and took share w mkt up 30%. Sees $ content per MW rising for DC on higher power density per rack. Early innings still.

$UBER: What an opportunity when it was down 5% pre-mkt. Beat/raise EBITDA & Bkg's. ATH in frequency, profitability, cust count, mobility, delivery. Sees accelerated trips in 3Q: product expansion, consumer demand, UBER ONE +60%y/y + MAPC +9 straight Qs.

$ELAN: beat/raise org growth and EBITDA. Org growth in Q was 8% vs 4.6% expectations with Companion Animal up 10%. Key: raised 2025 innovation sales guide to $720-800M (from $660-740M) suggesting ~$259m-$339m in incremental innovation contributions in 2025. #AnimalHealth

Few interesting tidbits this week: Atlanta tracker 2.5%, productivity 2.4%, weekly claims in check at 226K & "weak" ISM still 50+. EPS growth running +10% growth. Keep line of site. Have always thought Amy Winehouse ahead of her time with her voice - You know I'm no good

Thanks for the great interview on Friday. “kicker” word of the day ⁦CNBC⁩ ⁦Worldwide Exchange⁩ cnbc.com/video/2025/08/…

Love London even in the rain