“Adidas Can’t Drop Me”

[The Daily Peel... ](=) Oct 26, 2022 | Peel #324 Give your silver bananas to... [HoneyBricks. ](=) Market Snapshot “Adidas can’t drop me,” said Ye. Well, they just did. After a barrage of wild statements in the past week, the sportswear brand dumped Yeezy on Tuesday. As shown in today’s Data Peel, Adidas has plenty of non-Ye-related issues to sort out. Elsewhere in the market, tech stocks notched another day of gains to continue their hot streak. [image] Banana Bits - Mental health-focused startup Cerebral is trimming [20% of staff]() - Warner Bros. Discovery is anticipating over $4 billion in [restructuring costs](, including axing movies like Batgirl and a Looney Tunes remake - The road ahead is clear for GM after the automaker posted [strong Q3 earnings](, thanks to a less f*cked supply chain - Business bigwigs [jetted to Saudi Arabia](=) this week to talk shop despite icy diplomatic relations Keep The Peel Going... [image](=) Inflation is running at multi-decade highs in the US, eroding the purchasing power of your US dollars. Many savvy investors choose real estate investing as a way to hedge against inflation. Over the last 12 months, real estate has outperformed Gold, Crypto, and the S&P 500. Making real estate investing more relevant than ever. Enter [HoneyBricks](=). Earn passive income and grow your wealth with their tokenized platform for commercial real estate investing. Invest in Commercial Real Estate for as little as $100. Click here to explore the [HoneyBricks Marketplace](=) Macro Monkey Says Homebuilders Have Learned Their Lesson Just a year or so ago, lines for open houses were dozens deep, potential buyers were writing essays to homeowners, and builders had a deep backlog of projects. That demand has shriveled up as 7% mortgages price many out of the market. But builders say they’re better prepared to weather the storm this time around. - [Around half]( of the homebuilders went belly up after the epic housing collapse in 2007 - Loading up on debt during good times has been a death blow for many a homebuilder in the past - Opting to buy land only when they need it, rather than in advance of new developments, has shrunken builders’ balance sheets - More stability could lay the foundation for a rebound once rates come back down Meme of the Day [image]( [Source]( What's Ripe WeWork ($WE) ↑ 20.72% ↑ - After removing all the rah-rah bullsh*t and focusing on reining in expenses, $WE is attracting investor attention again - Analysts are bullish on flexible workspace demand, which is $WE’s bread and butter Lucid ($LCID) ↑ 8.75% ↑ - Burning cash is one of Lucid’s core competencies, and it’s had to rely on eye-popping topline growth to woo investors - A rosy Q3 report from GM made the Street more optimistic that supply chain snags won’t stand in the way of EV production targets What's Rotten Xerox ($XRX) ↓ 14.02% ↓ - The earnings playbook for Q3 has become blaming inflation/supply chain if numbers are bad and pointing to prudent cost management if they’re good - Xerox did the former Tuesday, and although revenue was solid, margins continue to get squeezed JetBlue ($JBLU) ↓ 2.92% ↓ - The U.S. carrier did fine on a revenue basis in the quarter, but labor and cost issues dinged EPS - The overall tone on the earnings call was bullish toward travel demand, especially around international trips Data Peel [image]() [Source]() Thought Banana China Tightening Its Belt and Road China’s Belt and Road initiative kicked off nearly a decade ago, but the CCP is looking to pivot to adapt to changing conditions. When rates are near zero, building bridges to nowhere can be forgiven. But as rates increase, all that debt has to be serviced at a much steeper cost. - Infrastructure projects are basically the only type of government spending that has near-unanimous approval, since they create jobs and boost GDP - But B&R projects up to this point have run up a huge bill and failed to deliver many real benefits - “BRI 2.0” is the [rebrand of the initiative](=), as the government looks to increase diligence around new projects rather than just throwing a bunch at the wall and seeing what sticks The big question: Will all these risky infrastructure investments create a global trade network that benefits China or lump even more debt onto its already-stretched balance sheet? Banana Brain Teaser Yesterday — How can you add eight 8’s to get the number 1,000? 888 + 88 + 8 + 8 + 8 = 1,000 Today — It’s 50 bananas off the [DCF Modeling Course](). LFG! Which word does not belong in the following list: Stop cop mop chop prop shop or crop? 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) 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