Jonathan Murphy

Make No Small Plans

[AskLivermore @asklivermore]

Wells Fargo just dropped a massive batch of calls and sells.

What they're upgrading:
- $SPCX SpaceX: Initiated Overweight at $230
- $APP AppLovin: PT raised to $575
- $PINS Pinterest: PT raised to $30
- $TTWO Take-Two: PT raised to $289
- $U Unity: PT raised to $36
- $RDDT Reddit: PT raised to $187
- $MGM MGM Resorts: Upgraded, PT raised from $33 to $48

What they're cutting:
- $SNAP Snap: PT slashed from $7 to $5
- $CHTR Charter: PT cut to $160 (Underweight)
- $CMCSA Comcast: PT cut to $28 (Underweight)
- $PGR Progressive: Downgraded to Underweight
- $CAG Conagra: Underweight
- $CPB Campbell Soup: Underweight
- $GIS General Mills: Underweight

Three things:
1. Digital ads and gaming are the new favorites. AppLovin, Pinterest, Reddit, Take-Two, Unity all raised. Wells Fargo sees ad spend accelerating into the back half of 2026.
2. They believe legacy media is dead money. Snap cut to $5. Charter and Comcast both Underweight. Cord cutting and social media fatigue are structural, not cyclical.
3. Food stocks are uninvestable. Three Underweights in one sweep: Conagra, Campbell's, General Mills. Margins under pressure, no pricing power left, dividends at risk.

And they just initiated SpaceX at Overweight, which is very interesting.

[Jonathan Murphy @J5Murph]

@JLo_2424 Nah just cheap equity

[Lucia Everblack @LuciaEverblack]

You know what means right?!

[Jonathan Murphy @J5Murph]

Why would anyone make a car without a sunroof???

[Jonathan Murphy @J5Murph]

Ah yes once again, I am a victim to chipotle ads

[Jonathan Murphy @J5Murph]

@CDHolliman Get the Arnold pharma

[Jonathan Murphy @J5Murph]

@JLo_2424 Send me some

[San Miguel Sheriff @SheriffAlert]

A large boulder the size of a large boulder is blocking the southbound lane Hwy 145 mm28 in Stoner Creek area of Montezuma County. Expect delays. #largeboulder

[Daniela Marulanda @dani_phantom10]

This is a trend I can behind.

[Dave Portnoy @stoolpresidente]

My platform is yours tomorrow of you want it

[GL @gldivittorio]

She was crazier than him, and more fearless, she was his queen

[Cash App @CashApp]

We’re giving out a big pile of bitcoin through the end of the year. Today, you could win $100 worth. Share this post and comment with your $cashtag for a chance to win.

Must follow @cashapp to qualify. No purc nec. Void where proh. Ends 12/29 https://t.co/nbaj8oN0Vh

[Jonathan Murphy @J5Murph]

@ChengBrian Couldn’t wait till Black Friday?

[Jonathan Murphy @J5Murph]

Wanna be on a boat

[Barstool Pokes @BarstoolOKST]

Thirsty Thursday is amongst us 🤠

[Jonathan Murphy @J5Murph]

If you see me out this weekend.. no you didn’t

[Jonathan Murphy @J5Murph]

In a parallel universe I’m roommates with Jason Derulo

[Jonathan Murphy @J5Murph]

I hope everyone’s new years resolution is coming to life rn