📊 Build-A-Bear’s Insane Performance

1) Intel's 25 Years Of Nothing 2) 10 Cash Rich Companies 3) Uber's Revenue Breakdown and more!  ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌

September 28, 2025   |   Read Online In partnership with Happy Sunday! This week was packed with major economic updates and policy moves. The U.S. economy continues to show surprising strength, with Q2 growth revised up to 3.8% and new home sales climbing to a 3.5-year high. U.S. investors are also sitting on a record $7.7T in cash. Yet risks are building: global debt has reached a record of nearly $338T, and Bank of America warns the S&P 500 looks overvalued on nearly every metric it tracks. Washington is also ramping up trade measures, imposing tariffs as high as 100% on pharmaceuticals, 50% on kitchen cabinets and bathroom vanities, 30% on upholstered furniture, and 25% on heavy trucks. On the political front, the Trump administration is weighing a 10% stake in Lithium Americas and has valued TikTok's U.S. business at just $14B. Some key data bites from this week that you should know: 15 stocks that have beaten the S&P 500 and gotten cheaper. OpenAI revealed plans for a $1T AI infrastructure buildout. Nvidia will invest up to $100B in OpenAI. Huawei published its 3-year vision to overtake Nvidia in AI chips. Crypto giant Tether is looking to raise $20B at a $500B valuation. Warren Buffett exited his BYD position after 3,890% return. Electronic Arts is nearing a $50B deal to go private. Gold futures traded above $3,800/oz for the first time ever. Instagram now has 3B monthly active users. BofA believes nuclear energy could represent a $10T market opportunity. Dan Ives raised his Apple price target to $310 on strong iPhone 17 demand. Micron posted record quarterly revenue at $11.3B on AI boom. Alibaba will invest $53B in AI over the next 3 years. Disney+ will raise subscription prices for 4th consecutive year. Oura ring maker is raising $875M at an $11B valuation. Pfizer will acquire weight loss drugmaker Metsera for up to $7.3B deal. Oracle raised $18B in second-biggest bond sale this year. Amazon will pay $2.5B to settle FTC lawsuit over Prime. Starbucks will cut hundreds of jobs and stores in $1B restructuring effort. In today's newsletter: ⏥ Intel's 25 Years Of Nothing 🧸 Build-A-Bear's Insane Performance 💰 10 Cash Rich Companies 🛒 Costco Beats Earnings 🚕 Uber's Revenue Breakdown Let's jump right in. Partner With Us 📣 Together With Vincent Your daily edge in private markets Wondering what's the latest with crypto treasury companies, Pre-IPO venture secondaries, private credit deals and real estate moves? Join 100,000+ private market investors who get smarter every day with Alternative Investing Report, the industry's leading source for investing in alternative assets. In your inbox by 9 AM ET, AIR is chock full of the latest insights, analysis and trends that are driving alts. Readers get a weekly investment pick to consider from a notable investor, plus special offers to join top private market platforms and managers. And the best part? It's totally free forever. Subcribe to AIR today Can Nvidia save Intel? Shares of Intel jumped 20% two weeks ago after Nvidia announced a $5B investment and plans to co-develop AI and PC chips.  The news sparked Intel's best day in nearly 38 years, dating back to October 1987. It follows a string of high-profile backers.  Just last month, the Trump administration announced the U.S. government would take a 10% stake, and SoftBank revealed a $2B investment. Investors are hoping Nvidia, Washington, and SoftBank can help turn the struggling chipmaker around. Additionally this week, reports that Intel is also approaching Apple and Taiwan Semi for investments also helped propel the stock upward. Intel's track record shows just how far it has fallen.  A $10,000 investment in Intel 25 years ago, with dividends reinvested, would be worth only $10,554 today.  And when you take into account inflation, that investment would be deep in the red. Forget Nvidia and Palantir. Build-A-Bear has crushed them both. Over the last five years, the teddy bear retailer has delivered a staggering 2,706% total return. That's more than double Nvidia's 1,334% and ahead of Palantir's 1,788%. What explains this unlikely surge? Build-A-Bear embracing nostalgia and betting on adults. Analysts estimate grown-ups now account for roughly 40% of its business, fueling demand well beyond its traditional kids' base. The results are showing up in the numbers. The company recently posted record first-half results, with revenue hitting $253M, up 11.5%. To top it off, management raised guidance for 2025 revenue, pre-tax income, and net unit growth. There's always a reason to panic. This week, Fed chair Jerome Powell sent stocks lower after noting that valuations appear "fairly highly valued."  At the same time, Mark Spitznagel, a Black Swan hedge fund manager, warned that he sees a massive rally followed by a 1929-style crash. Headlines like these feed constant doom-and-gloom predictions. While it's impossible to forecast markets, one way to prepare is by focusing on companies with resilient balance sheets. As Peter Lynch famously said, "Companies that have no debt can't go bankrupt." A useful metric here is net cash, which subtracts total debt from a company's cash and equivalents. A net cash position means cash outweighs debt, giving a company more flexibility in uncertain times. Among large caps, Alphabet tops the list with $53B in net cash. Perhaps unexpectedly, it's tied with Pinduoduo, the Chinese parent of Temu. Other names on the list include Nvidia, Apple, Tesla, JD.com, Alibaba, and several major pharma players like BioNTech, Regeneron, and Vertex Pharmaceuticals. Costco's resilience shows why investors are willing to pay a hefty premium. On Thursday, the retailer once again beat expectations in Q4.   EPS rose 11% to $5.87, topping the $5.80 estimate, while revenue climbed 8.1% to $86.16B, ahead of forecasts. Same-store sales increased 6.4%, though it marked a second straight quarter of slowing growth.  On the bright side, e-commerce sales jumped 13.5%, and membership fee income surged 14% as more shoppers signed up. Costco's stock trades at a very lofty 50x earnings, reflecting the strength of its brand and competitive edge.  Still, shares are basically flat on the year, lagging the S&P 500. Long term, though, the story is hard to beat.  Over the past 20 years, Costco has returned more than 2,800%, about four times the return of the S&P 500. Uber's delivery business is booming. The company expects non-restaurant deliveries to hit a $12.5B annual run rate in gross bookings by year-end, up 25% from the $10B pace it reported in May. CEO Dara Khosrowshahi recently highlighted strong momentum in grocery and retail orders. And with 75% of rideshare customers still not using Uber for deliveries, penetration remains wide open. Delivery now accounts for nearly half of gross bookings and 32% of revenue over the last 12 months. Since 2017, it has grown at a 54% CAGR, nearly three times faster than Uber's rideshare business. 📣 Presented by Wallstreet Prep Get Real Estate Training from Wharton Experts Gain the skills top firms demand with the Wharton Online + Wall Street Prep Real Estate Investing & Analysis Certificate. In 8 weeks, learn from leaders at Blackstone, KKR, Ares, and more while analyzing real deals. Join 5,000+ graduates. Save $300 with code SAVE300. Enroll Today 💰 Earnings Wagers. Polymarket launched earnings markets that lets traders bet on company earnings - POLY* 🇦🇷 Crisis Response. U.S. Treasury Secretary Scott Bessent said all options are on the table for helping to stabilize Argentina - YF 📢 Ad Alliance. Meta is in talks to use Google's Gemini to improve its ad business - R ⚽️ Atletico Acquisition. Apollo Global Management is moving closer to purchase a major stake in Atletico Madrid - X 🫧 Bubble Watch. Nvidia's investment in OpenAI is fueling AI bubble fears - AX 🤖 AI Stockpicking. At least one in 10 retail investors is using a chatbot to pick stocks - R 🇪🇸 Rating Upgrade. Spain won a double upgrade at Moody's and Fitch Ratings on strong economy - BB *A message from our sponsor. Courtesy of our affiliate partner, EarningsHub. Notable Companies Reporting Earnings Week of September 28th, 2025: Join EarningsHub! Major Trades Published 9/22 - 9/26. Trades may be those of family members. [Source: 2iQ] Buys Jonathan Jackson (D) Company: Doximity ($DOCS) Amount Purchased: $15K - $50K Sells Tony Wied (R) Company: American Express ($AXP) Amount Sold: $15K - $50K Major Trades Published 9/22 - 9/26 Buys Prospect Capital Corp ($PSEC) Insider: John Barry (CEO) # of Shares Purchased: 1,499,658 $ Amount: $3,958,307 SEC Forms: [1], [2], [3] Marvell Technology ($MRVL) Insider: Matthew Murphy (CEO) # of Shares Purchased: 13,600 $ Amount: $1,048,424 SEC Forms: [1] Insider: Chris Koopmans (COO) # of Shares Purchased: 6,800 $ Amount: $530,604 SEC Forms: [1] Insider: Sandeep Bharathi (President, Data Center Group) # of Shares Purchased: 3,400 $ Amount: $265,302 SEC Forms: [1] Insider: Willem Meintjes (CFO) # of Shares Purchased: 3,400 $ Amount: $265,302 SEC Forms: [1] Sells Palo Alto Networks ($PANW) Insider: Nikesh Arora (CEO) # of Shares Sold: 846,408 $ Amount: $172,721,695 SEC Forms: [1] Broadcom ($AVGO) Insider: Henry Samueli (Director) # of Shares Sold: 368,797 $ Amount: $124,620,222 SEC Forms: [1] Affirm Holdings ($AFRM) Insider: Max Levchin (CEO) # of Shares Sold: 651,713 $ Amount: $58,175,590 SEC Forms: [1] How was today's newsletter? 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