The Financial Wolverine

Major financial news, IPOs, earnings, and macro — for finance professionals, market operators, and early investors.

[The Financial Wolverine @3FinanWolverine]

After today, Financial Wolverine’s back. Major news, IPOs, earnings, macro... Let’s Go

[The Financial Wolverine @3FinanWolverine]

@venaodiver @grok Larrys like I got this bro.

[The Financial Wolverine @3FinanWolverine]

Paramount just cleared the last hurdle on its $110B takeover of Warner Bros. Discovery.

A federal judge signed off on its settlement with 12 states today, and the deal closes Tuesday, Oct 6.

Mattel CEO Ynon Kreiz comes in as co-CEO to chase $6B+ in merger savings. Zaslav leaves with more than $550M. $PSKY closed up 3.4% at $10.33.

[The Financial Wolverine @3FinanWolverine]

Google $GOOG just dropped Gemini 4 Argon, its first new flagship since Gemini 3 last November.

It can output up to 1M tokens, up from 64K.

The catch is you can't use it. It's only going to vetted cyber defenders for now while it goes through the government's pre-release safety review, and there's no public release date.

GOOGL is up 1.7% after hours on a model almost nobody can touch.

[The Financial Wolverine @3FinanWolverine]

Micron $MU just printed $54.2B in revenue vs about $51B expected.

Adjusted EPS $33.42 vs $31.61. Gross margin 86.8%.

Next quarter guided to $61.5B. The stock: $1,051 after hours, down about 1%. Up roughly 270% this year, it had the beat priced in already.

When a quarter this big can't move the stock, the market is asking whether margins have peaked.

[The Financial Wolverine @3FinanWolverine]

Micron $MU is at $1,067, up about 270% this year and still 12% below its June record.

After the bell it reports a quarter it guided to $50B in revenue, $31 a share and an 86% gross margin. The Street wants more, $50.9B and $31.49, both above the middle of the guide, in a quarter with an extra week.

The next-quarter guide is the number that matters. The AI memory trade gets its verdict tonight.

[The Financial Wolverine @3FinanWolverine]

@StokPix The energy deals are likely to be a revolving door of activity the next few years.

[The Financial Wolverine @3FinanWolverine]

Announcement today that South Korea is putting $200B into US energy projects, including $54B for Alaska LNG but it isn't official yet.

The Alaska project is an 807-mile pipeline and up to 20M tons a year of LNG, about a week's sail to Korea vs 3+ weeks from the Gulf Coast.

[The Financial Wolverine @3FinanWolverine]

@StokPix It's going to go swimmingly , 0% chance anyone will lose mone.

[The Financial Wolverine @3FinanWolverine]

Robinhood is putting AI agents inside the app for 28.6M funded customers.

They can trade stocks, options and crypto from a separate account.

Approval of each trade is on by default. One toggle turns it off, and the agent trades on its own.

Also coming: bitcoin and ether perpetual futures at up to 10x, intraday buying power doubling to 4x, and weekend stock trading in early 2027.

Robinhood's own fine print says it doesn't supervise or audit the agents, and you assume all the risk. 150,000 agent accounts are already open since May. $HOOD

[The Financial Wolverine @3FinanWolverine]

@mikealfred I do appreciate your enthusiasm.

[The Financial Wolverine @3FinanWolverine]

@SelfMadeMastery It already is...

[The Financial Wolverine @3FinanWolverine]

The 30-year Treasury closed Tuesday at 5.59%.

The 10-year closed at 5.26%, the highest since 2007.

Freddie Mac's 30-year mortgage rate is back to 7.03%, the first reading above 7% since January 2025, up from 6.30% a year ago.

Core PCE at 8:30 decides whether 7% mortgages stick.

[The Financial Wolverine @3FinanWolverine]

@craigweiss This is like saying water is wet.

[The Financial Wolverine @3FinanWolverine]

@WatcherGuru Pretty soon we'll have to be up all night watching candles.

[The Financial Wolverine @3FinanWolverine]

@GRAVEHOPP187 250 is nothing, do you live under a rock?

[The Financial Wolverine @3FinanWolverine]

Oura has postponed its IPO indefinitely.

It was set to sell 50M shares at $40–44, about $2.1B, at a valuation of up to roughly $15B.

Its reason was "uncertainty in the IPO market" $1.4B of revenue over the last 12 months, guided up 90% this year. Accelevation still planned to price tomorrow night.

It was originally reported that the offering was 4x oversubscribed.

[The Financial Wolverine @3FinanWolverine]

$FICO tumbled today closing at $617.87, down 26.5%.

About $4.8B of market value gone in one day. Ouch.

Fannie and Freddie are moving to one pricing grid, with VantageScore on equal footing with FICO Classic.

Rocket makes VantageScore its default in Q4.

TransUnion just locked VantageScore mortgage pricing at $0.99 a score through 2028 while FICO charges $4.95 a score plus $33 per funded loan. Mortgages are about 42% of FICO's revenue.

The stock is −63% YTD, −74% from its high.

[The Financial Wolverine @3FinanWolverine]

@michaeljburry I don't think it changes the outcome either way. A market dump might even make it worse. I'm sure you're not biased at all either.

[The Financial Wolverine @3FinanWolverine]

A big move today on Carnival $CCL , up 13% after a great earnings.

It turns out the hot economy is bringing the stock back into focus despite energy costs.