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@uifeed.com
Subscribed 4 years, 11 months ago
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CEO Ryan Cohen promised a “genius or totally, totally foolish” acquisition. Now we know.
</div>
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<span class="tinyMce-placeholder" style="word-break: break-word;">
Hey Snackers,
</span>
</h1>
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<p style="margin:0;margin-bottom:16px">
Last night was the 2026
<a style="text-decoration: underline; color: #5869ff;">
<strong>
Met Gala
</strong>
</a>
, where the dress code was “
<a style="text-decoration: underline; color: #5869ff;">
<strong>
Fashion is Art
</strong>
</a>
,” and as usual, celebrities, designers, and stylists went above and beyond to showcase intricately constructed, showstopping garments. But for us, the gala raised a perennial question: how do these fabulously dressed people… handle the call of nature? Luckily for us,
<a style="text-decoration: underline; color: #5869ff;">
<strong>
The Washington Post has got the answer
</strong>
</a>
.
<strong>
</strong>
</p>
<p style="margin:0">
Stocks fell from last week’s record highs while war tensions flared up as the United Arab Emirates’ Ministry of Defense said that it was
<a style="text-decoration: underline; color: #5869ff;">
<strong>
under attack from Iran
</strong>
</a>
. The S&P 500, Nasdaq 100, and Russell 2000
<a style="text-decoration: underline; color: #5869ff;">
<strong>
all closed lower
</strong>
</a>
. Energy was the only sector to close higher as oil prices rose amid escalating war tensions, while materials fared the worst.
</p>
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<span style="word-break: break-word; line-height: 16.8px;">
<strong>
COWER TO THE PLAYERS
</strong>
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<a style="text-decoration: underline; color: #5869ff;">
<strong>
GameStop submits offer to buy the much larger eBay for $55.5 billion
</strong>
</a>
</h1>
</td>
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<p style="margin:0">
Well, CEO Ryan Cohen
<a style="text-decoration: underline; color: #5869ff;">
<strong>
promised
</strong>
</a>
a “genius or totally, totally foolish” acquisition, and now we know what he’s after:
</p>
</div>
</td>
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<li aria-level="1" style="Margin:0 0 8px 0">
<a style="text-decoration: underline; color: #5869ff;">
<strong>
GameStop
</strong>
</a>
unveiled
<a style="text-decoration: underline; color: #5869ff;">
<strong>
a $55.5 billion offer for eBay
</strong>
</a>
on Sunday evening, a proposal in which the prospective target’s valuation is more than 4x that of the bidder.
</li>
<li aria-level="1" style="Margin:0 0 8px 0">
GameStop has already built a 5% economic stake in
<a style="text-decoration: underline; color: #5869ff;">
<strong>
eBay
</strong>
</a>
. The $125-per-share offer marks a 46% premium to the value of the e-commerce platform before the retailer started amassing its position, and about a 20% premium to where eBay closed on Friday.
</li>
<li aria-level="1" style="Margin:0 0 8px 0">
Cohen told WSJ that there is
<a style="text-decoration: underline; color: #5869ff;">
<strong>
no one more qualified than him to run eBay
</strong>
</a>
, nodding to his time leading online pet retailer
<a style="text-decoration: underline; color: #5869ff;">
<strong>
Chewy
</strong>
</a>
, and that he’s prepared for a proxy battle to win over shareholders if eBay spurns this proposal.
</li>
<li aria-level="1" style="Margin:0 0 8px 0">
The video game and collectibles retailer’s offer is a 50-50 mix of cash and shares. About one-third of the cash comes from the liquid assets on GameStop’s balance sheet; beyond that, GameStop says it “has received a highly-confident letter from TD Securities for up to $20 billion.”
</li>
</ul>
</div>
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<div style="color:#1d1d1d;direction:ltr;font-family:'Helvetica Neue',Helvetica,Arial,sans-serif;font-size:18px;font-weight:400;letter-spacing:0;line-height:1.5;text-align:left;mso-line-height-alt:27px">
<p style="margin:0;margin-bottom:16px">
In January, GameStop
<a style="text-decoration: underline; color: #5869ff;">
<strong>
announced a new pay package for Cohen
</strong>
</a>
that would completely tie his financial interests to those of shareholders as well as the firm’s operational performance via hurdles for market cap and cumulative EBITDA. At their peak, the options Cohen could get if all milestones were achieved would have a value of nearly $35 billion.
</p>
<p style="margin:0">
However, there are some guardrails that may inhibit Cohen from acquiring his way into a massive windfall, though it’s worth noting that these are less formulaic and more discretionary in nature than similar language in
<strong>
</strong>
<a style="text-decoration: underline; color: #5869ff;">
<strong>
Elon Musk
</strong>
</a>
’s pay agreement.
</p>
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<span class="tinyMce-placeholder" style="word-break: break-word;">
THE TAKEAWAY
</span>
</h1>
</td>
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<p style="margin:0">
GameStop finished the day
<strong>
</strong>
<a style="text-decoration: underline; color: #5869ff;">
<strong>
down 10%
</strong>
</a>
, and investor
<a style="text-decoration: underline; color: #5869ff;">
<strong>
Michael Burry, of “The Big Short” fame, sold all his stock
</strong>
</a>
.
</p>
</div>
</td>
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Read more
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</span>
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<span style="word-break: break-word; line-height: 16.8px;">
<strong>
SAMPLE THE BUFFET
</strong>
</span>
</span>
</span>
<!--[if mso]></center></v:textbox></v:roundrect><![endif]-->
</td>
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<h1 style="margin:0;color:#5869ff;direction:ltr;font-family:'Helvetica Neue',Helvetica,Arial,sans-serif;font-size:26px;font-weight:700;letter-spacing:normal;line-height:1.2;text-align:left;margin-top:0;margin-bottom:0;mso-line-height-alt:31px">
<a style="text-decoration: underline; color: #5869ff;">
<strong>
Berkshire Hathaway is the ultimate anti-AI stock
</strong>
</a>
</h1>
</td>
</tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="paragraph_block block-4" role="presentation" style="mso-table-lspace:0;mso-table-rspace:0;word-break:break-word" width="100%">
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<td class="pad" style="padding-bottom:10px">
<div style="color:#1d1d1d;direction:ltr;font-family:'Helvetica Neue',Helvetica,Arial,sans-serif;font-size:18px;font-weight:400;letter-spacing:0;line-height:1.5;text-align:left;mso-line-height-alt:27px">
<p style="margin:0;margin-bottom:16px">
<a style="text-decoration: underline; color: #5869ff;">
<strong>
Berkshire Hathaway
</strong>
</a>
reported that its Q1
<a style="text-decoration: underline; color: #5869ff;">
<strong>
operating profit rose 18%
</strong>
</a>
year on year, but that follows a quarter in which the conglomerate’s shares were hammered, its worst period of underperformance compared to the S&P 500 since at least 1985.
</p>
<p style="margin:0">
<a style="text-decoration: underline; color: #5869ff;">
<strong>
What gives?
</strong>
</a>
</p>
</div>
</td>
</tr>
</table>
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<td class="pad" style="padding-top:10px;padding-bottom:15px;padding-left:10px;padding-right:10px">
<div style="margin-left:-20px">
<ul start="1" style="margin-top:0;margin-bottom:0;list-style-type:revert">
<li aria-level="1" style="Margin:0 0 8px 0">
On the one hand, it seems like Berkshire should be one of those “
<a style="text-decoration: underline; color: #5869ff;">
<strong>
heavy assets, low obsolescence
</strong>
</a>
” stocks that should avoid being battered by the AI boom, thanks to having such a heavy industrial footprint (including trains, energy, and aerospace manufacturing) in addition to well-known consumer brands.
</li>
<li aria-level="1" style="Margin:0 0 8px 0">
No matter how powerful AI gets, we’ll still be eating Dairy Queen in our Fruit of the Loom undies. Perhaps even more so, if/when the computers take our jobs.
</li>
<li aria-level="1" style="Margin:0 0 8px 0">
On the other hand, Berkshire’s bread and butter is insurance. Insurance is an industry often mentioned as being at risk of AI disruption, and Q1 2026 was noteworthy for how much investors
<a style="text-decoration: underline; color: #5869ff;">
<strong>
were willing to punish perceived AI losers
</strong>
</a>
, not just reward its winners.
</li>
</ul>
</div>
</td>
</tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="paragraph_block block-6" role="presentation" style="mso-table-lspace:0;mso-table-rspace:0;word-break:break-word" width="100%">
<tr>
<td class="pad" style="padding-bottom:10px">
<div style="color:#1d1d1d;direction:ltr;font-family:'Helvetica Neue',Helvetica,Arial,sans-serif;font-size:18px;font-weight:400;letter-spacing:0;line-height:1.5;text-align:left;mso-line-height-alt:27px">
<p style="margin:0">
But a close inspection of the fundamentals probably isn’t as useful as a characterization of what this company is, at a more basic level, and how it trades.
</p>
</div>
</td>
</tr>
</table>
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<tr>
<td class="pad" style="padding-top:10px;padding-bottom:15px;padding-left:10px;padding-right:10px">
<div style="margin-left:-20px">
<ul start="1" style="margin-top:0;margin-bottom:0;list-style-type:revert">
<li aria-level="1" style="Margin:0 0 8px 0">
Berkshire is a) a very large stock, and b) not an AI stock.
</li>
<li aria-level="1" style="Margin:0 0 8px 0">
For many portfolio managers, being overweight a large-cap AI stock in the Magnificent 7 will effectively mean you have to be underweight one of its peers or another large-cap stock that doesn’t have high exposure to the theme.
</li>
<li aria-level="1" style="Margin:0 0 8px 0">
Oh, and Berkshire’s largest public holding is
<a style="text-decoration: underline; color: #5869ff;">
<strong>
Apple
</strong>
</a>
, a company that is
<a style="text-decoration: underline; color: #5869ff;">
<strong>
sitting out the AI capex boom
</strong>
</a>
!
</li>
</ul>
</div>
</td>
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</table>
</td>
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</table>
</td>
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<span class="tinyMce-placeholder" style="word-break: break-word;">
THE TAKEAWAY
</span>
</h1>
</td>
</tr>
</table>
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<p style="margin:0;margin-bottom:16px">
Berkshire has also been
<a style="text-decoration: underline; color: #5869ff;">
<strong>
negatively correlated with Goldman Sachs’ long-short high-beta momentum pair
</strong>
</a>
. That is, if volatile stocks that usually go up are beating risky stocks that have been trending down, it probably means that Berkshire’s a loser that day as well.
</p>
<p style="margin:0">
Among S&P 100 companies, the weekly change in Berkshire’s share price has been the most negatively correlated with
<a style="text-decoration: underline; color: #5869ff;">
<strong>
Oracle
</strong>
</a>
and
<a style="text-decoration: underline; color: #5869ff;">
<strong>
AMD
</strong>
</a>
over the past quarter. To invert the “cleanest dirty shirt” phrase, that publicly traded hyperscaler and AI chip designer are (with respect) considered to be
<strong>
</strong>
<a style="text-decoration: underline; color: #5869ff;">
<strong>
the worst-tailored tuxedos at their respective balls
</strong>
</a>
.
</p>
</div>
</td>
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THE BEST THING WE READ TODAY
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<strong>
BlackBerry surges as software reinvention spurs retail attention
</strong>
</a>
</h1>
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<p style="margin:0">
This message is brought to you by the mid-2000s:
<a style="text-decoration: underline; color: #5869ff;">
<strong>
BlackBerry
</strong>
</a>
surged on Monday. But the once iconic phone maker finds itself back in the spotlight
<a style="text-decoration: underline; color: #5869ff;">
<strong>
through software
</strong>
</a>
, not hardware, renewing retail interest and bullish activity in options markets.
</p>
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<tr>
<td align="center" class="pad" style="width:100%;padding-top:10px;padding-bottom:10px">
<h1 style="margin:0;color:#5869ff;direction:ltr;font-family:'Helvetica Neue',Helvetica,Arial,sans-serif;font-size:25px;font-weight:700;letter-spacing:normal;line-height:1.2;text-align:left;margin-top:0;margin-bottom:0;mso-line-height-alt:30px">
<strong>
Snacks Shots
</strong>
</h1>
</td>
</tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="list_block block-3" role="presentation" style="mso-table-lspace:0;mso-table-rspace:0;word-break:break-word;color:#1d1d1d;direction:ltr;font-family:'Helvetica Neue',Helvetica,Arial,sans-serif;font-size:18px;font-weight:400;letter-spacing:0;line-height:1.5;text-align:left;mso-line-height-alt:27px" width="100%">
<tr>
<td class="pad" style="padding-bottom:5px;padding-left:10px;padding-right:10px">
<div style="margin-left:-20px">
<ul style="margin-top:0;margin-bottom:0;list-style-type:revert">
<li style="Margin:0 0 8px 0">
⚽
<strong>
Premier League:
</strong>
Will Arsenal blow it? Markets are giving the team a league-leading
<strong>
<a rel="noopener" style="text-decoration: underline; color: #5869ff;" target="_blank">
82% chance* of winning the championship
</a>
</strong>
after Manchester City only managed to draw 3-3 against Everton. That’s down from an 89% chance exactly a month ago, but up from the 41% chance Arsenal had as recently as two weeks ago.
</li>
<li style="Margin:0 0 8px 0">
⚽️
<strong>
English Football League:
</strong>
On the other end of the Premier League standings, a 2-1 win over Aston Villa (and a 3-0 loss for West Ham) means that Tottenham Hotspur’s chances of being relegated out of the Premier League have come down substantially after this weekend; markets appraise
<a style="text-decoration: underline; color: #5869ff;">
<strong>
just a 25% chance
</strong>
</a>
that Tottenham finishes in the bottom three and is exiled to the EFL.
</li>
</ul>
</div>
</td>
</tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="paragraph_block block-4" role="presentation" style="mso-table-lspace:0;mso-table-rspace:0;word-break:break-word" width="100%">
<tr>
<td class="pad" style="padding-top:10px;padding-bottom:10px">
<div style="color:#1d1d1d;direction:ltr;font-family:'Helvetica Neue',Helvetica,Arial,sans-serif;font-size:18px;font-weight:400;letter-spacing:0;line-height:1.5;text-align:left;mso-line-height-alt:27px">
<p style="margin:0">
*Event contracts are offered through Robinhood Derivatives, LLC — probabilities referenced or sourced from KalshiEx LLC or ForecastEx LLC.
</p>
</div>
</td>
</tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="divider_block block-5" role="presentation" style="mso-table-lspace:0;mso-table-rspace:0" width="100%">
<tr>
<td align="center" class="pad" style="padding-top:25px;padding-bottom:25px">
<table border="0" cellpadding="0" cellspacing="0" role="presentation" style="mso-table-lspace:0;mso-table-rspace:0" width="100%">
<tr>
<td class="divider_inner" style="font-size:1px;line-height:1px;border-top:1px solid #5869ff">
<span style="word-break: break-word;">
</span>
</td>
</tr>
</table>
</td>
</tr>
</table>
</td>
</tr>
</table>
</td>
</tr>
</tbody>
</table>
</td>
</tr>
</tbody>
</table>
<table align="center" border="0" cellpadding="0" cellspacing="0" class="row row-10" role="presentation" style="mso-table-lspace:0;mso-table-rspace:0" width="100%">
<tbody>
<tr>
<td>
<table align="center" border="0" cellpadding="0" cellspacing="0" class="row-content stack" role="presentation" style="mso-table-lspace:0;mso-table-rspace:0;background-color:#fff;color:#000;width:600px;margin:0 auto" width="600">
<tbody>
<tr>
<td class="column column-1" style="mso-table-lspace:0;mso-table-rspace:0;font-weight:400;text-align:left;vertical-align:top" width="100%">
<table border="0" cellpadding="0" cellspacing="0" role="presentation" style="mso-table-lspace:0;mso-table-rspace:0" width="100%">
<tr>
<td class="col-pad" style="padding-left:25px;padding-right:25px">
<table border="0" cellpadding="0" cellspacing="0" class="heading_block block-1" role="presentation" style="mso-table-lspace:0;mso-table-rspace:0" width="100%">
<tr>
<td align="center" class="pad" style="width:100%;padding-bottom:10px">
<h1 style="margin:0;color:#5869ff;direction:ltr;font-family:'Helvetica Neue',Helvetica,Arial,sans-serif;font-size:25px;font-weight:700;letter-spacing:normal;line-height:1.2;text-align:left;margin-top:0;margin-bottom:0;mso-line-height-alt:30px">
<span class="tinyMce-placeholder" style="word-break: break-word;">
What else we're Snackin'
</span>
</h1>
</td>
</tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="list_block block-2" role="presentation" style="mso-table-lspace:0;mso-table-rspace:0;word-break:break-word;color:#1d1d1d;direction:ltr;font-family:'Helvetica Neue',Helvetica,Arial,sans-serif;font-size:18px;font-weight:400;letter-spacing:0;line-height:1.5;text-align:left;mso-line-height-alt:27px" width="100%">
<tr>
<td class="pad" style="padding-top:5px;padding-bottom:5px;padding-left:10px;padding-right:10px">
<div style="margin-left:-20px">
<ul start="1" style="margin-top:0;margin-bottom:0;list-style-type:revert">
<li style="Margin:0 0 8px 0">
<a style="text-decoration: underline; color: #5869ff;">
<strong>
Take-Two
</strong>
</a>
scored after a Bank of America note predicted
<a style="text-decoration: underline; color: #5869ff;">
<strong>
“Grand Theft Auto 6” will launch with an $80 price tag
</strong>
</a>
</li>
<li style="Margin:0 0 8px 0">
<a style="text-decoration: underline; color: #5869ff;">
<strong>
Bitcoin
</strong>
</a>
at last
<a style="text-decoration: underline; color: #5869ff;">
<strong>
broke $80,000
</strong>
</a>
as optimism over the CLARITY Act boosted the asset
</li>
<li style="Margin:0 0 8px 0">
<a style="text-decoration: underline; color: #5869ff;">
<strong>
Ford
</strong>
</a>
’s April EV sales ticked up from March, but its electric vehicles still
<a style="text-decoration: underline; color: #5869ff;">
<strong>
account for less than 2% of total units
</strong>
</a>
sold so far this year
</li>
<li style="Margin:0 0 8px 0">
<a style="text-decoration: underline; color: #5869ff;">
<strong>
Norwegian Cruise Line
</strong>
</a>
<a style="text-decoration: underline; color: #5869ff;">
<strong>
slashed its outlook
</strong>
</a>
, citing rising fuel costs and softening demand
</li>
<li style="Margin:0 0 8px 0">
<a style="text-decoration: underline; color: #5869ff;">
<strong>
Amazon
</strong>
</a>
is
<a style="text-decoration: underline; color: #5869ff;">
<strong>
opening up its supply chain logistics network to everyone
</strong>
</a>
<strong>
</strong>
— an AWS-style move applied to the physical world
</li>
</ul>
</div>
</td>
</tr>
</table>
</td>
</tr>
</table>
</td>
</tr>
</tbody>
</table>
</td>
</tr>
</tbody>
</table>
<table align="center" border="0" cellpadding="0" cellspacing="0" class="row row-11" role="presentation" style="mso-table-lspace:0;mso-table-rspace:0" width="100%">
<tbody>
<tr>
<td>
<table align="center" border="0" cellpadding="0" cellspacing="0" class="row-content stack" role="presentation" style="mso-table-lspace:0;mso-table-rspace:0;background-color:#fff;border-radius:0;color:#000;width:600px;margin:0 auto" width="600">
<tbody>
<tr>
<td class="column column-1" style="mso-table-lspace:0;mso-table-rspace:0;font-weight:400;text-align:left;vertical-align:top" width="100%">
<table border="0" cellpadding="0" cellspacing="0" role="presentation" style="mso-table-lspace:0;mso-table-rspace:0" width="100%">
<tr>
<td class="col-pad" style="padding-bottom:5px;padding-left:25px;padding-right:25px;padding-top:5px">
<table border="0" cellpadding="0" cellspacing="0" class="divider_block block-1" role="presentation" style="mso-table-lspace:0;mso-table-rspace:0" width="100%">
<tr>
<td align="center" class="pad" style="padding-top:25px;padding-bottom:25px">
<table border="0" cellpadding="0" cellspacing="0" role="presentation" style="mso-table-lspace:0;mso-table-rspace:0" width="100%">
<tr>
<td class="divider_inner" style="font-size:1px;line-height:1px;border-top:1px solid #5869ff">
<span style="word-break: break-word;">
</span>
</td>
</tr>
</table>
</td>
</tr>
</table>
</td>
</tr>
</table>
</td>
</tr>
</tbody>
</table>
</td>
</tr>
</tbody>
</table>
<table align="center" border="0" cellpadding="0" cellspacing="0" class="row row-12" role="presentation" style="mso-table-lspace:0;mso-table-rspace:0;background-size:auto" width="100%">
<tbody>
<tr>
<td>
<table align="center" border="0" cellpadding="0" cellspacing="0" class="row-content stack" role="presentation" style="mso-table-lspace:0;mso-table-rspace:0;background-color:#5869ff;background-size:auto;border-bottom:30px solid #fff;border-left:30px solid #fff;border-radius:10px;border-right:30px solid #fff;border-top:30px solid #fff;color:#000;width:600px;margin:0 auto" width="600">
<tbody>
<tr>
<td class="column column-1" style="mso-table-lspace:0;mso-table-rspace:0;font-weight:400;text-align:left;border-bottom:4px solid #5869ff;border-left:4px solid #5869ff;border-right:4px solid #5869ff;border-top:4px solid #5869ff;vertical-align:top" width="100%">
<table border="0" cellpadding="0" cellspacing="0" role="presentation" style="mso-table-lspace:0;mso-table-rspace:0" width="100%">
<tr>
<td class="col-pad" style="padding-bottom:15px;padding-left:25px;padding-right:25px;padding-top:15px">
<table border="0" cellpadding="0" cellspacing="0" class="heading_block block-1" role="presentation" style="mso-table-lspace:0;mso-table-rspace:0" width="100%">
<tr>
<td align="center" class="pad" style="width:100%">
<h1 style="margin:0;color:#fff;direction:ltr;font-family:'Helvetica Neue',Helvetica,Arial,sans-serif;font-size:25px;font-weight:700;letter-spacing:normal;line-height:1.2;text-align:center;margin-top:0;margin-bottom:0;mso-line-height-alt:30px">
<span class="tinyMce-placeholder" style="word-break: break-word;">
Snack Fact of the Day
</span>
</h1>
</td>
</tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="paragraph_block block-2" role="presentation" style="mso-table-lspace:0;mso-table-rspace:0;word-break:break-word" width="100%">
<tr>
<td class="pad" style="padding-top:10px;padding-bottom:10px;padding-left:40px;padding-right:40px">
<div style="color:#fff;direction:ltr;font-family:'Helvetica Neue',Helvetica,Arial,sans-serif;font-size:18px;font-weight:400;letter-spacing:0;line-height:1.2;text-align:center;mso-line-height-alt:22px">
<p style="margin:0">
<a style="text-decoration: underline; color: #ffffff;">
<strong>
The average American worker has $955 saved for retirement.
</strong>
</a>
<strong>
</strong>
</p>
</div>
</td>
</tr>
</table>
</td>
</tr>
</table>
</td>
</tr>
</tbody>
</table>
</td>
</tr>
</tbody>
</table>
<table align="center" border="0" cellpadding="0" cellspacing="0" class="row row-13" role="presentation" style="mso-table-lspace:0;mso-table-rspace:0" width="100%">
<tbody>
<tr>
<td>
<table align="center" border="0" cellpadding="0" cellspacing="0" class="row-content stack" role="presentation" style="mso-table-lspace:0;mso-table-rspace:0;background-color:#fff;border-radius:0;color:#000;width:600px;margin:0 auto" width="600">
<tbody>
<tr>
<td class="column column-1" style="mso-table-lspace:0;mso-table-rspace:0;font-weight:400;text-align:left;vertical-align:top" width="100%">
<table border="0" cellpadding="0" cellspacing="0" role="presentation" style="mso-table-lspace:0;mso-table-rspace:0" width="100%">
<tr>
<td class="col-pad" style="padding-left:25px;padding-right:25px">
<table border="0" cellpadding="0" cellspacing="0" class="divider_block block-1" role="presentation" style="mso-table-lspace:0;mso-table-rspace:0" width="100%">
<tr>
<td align="center" class="pad" style="padding-top:25px;padding-bottom:25px">
<table border="0" cellpadding="0" cellspacing="0" role="presentation" style="mso-table-lspace:0;mso-table-rspace:0" width="100%">
<tr>
<td class="divider_inner" style="font-size:1px;line-height:1px;border-top:1px solid #5869ff">
<span style="word-break: break-word;">
</span>
</td>
</tr>
</table>
</td>
</tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="heading_block block-2" role="presentation" style="mso-table-lspace:0;mso-table-rspace:0" width="100%">
<tr>
<td align="center" class="pad" style="width:100%">
<h1 style="margin:0;color:#5869ff;direction:ltr;font-family:'Helvetica Neue',Helvetica,Arial,sans-serif;font-size:25px;font-weight:700;letter-spacing:normal;line-height:1.2;text-align:left;margin-top:0;margin-bottom:0;mso-line-height-alt:30px">
<span class="tinyMce-placeholder" style="word-break: break-word;">
Tuesday
</span>
</h1>
</td>
</tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="list_block block-3" role="presentation" style="mso-table-lspace:0;mso-table-rspace:0;word-break:break-word;color:#1d1d1d;direction:ltr;font-family:'Helvetica Neue',Helvetica,Arial,sans-serif;font-size:18px;font-weight:400;letter-spacing:0;line-height:1.5;text-align:left;mso-line-height-alt:27px" width="100%">
<tr>
<td class="pad" style="padding-top:5px;padding-bottom:5px;padding-left:10px;padding-right:10px">
<div style="margin-left:-20px">
<ul start="1" style="margin-top:0;margin-bottom:0;list-style-type:revert">
<li aria-level="1" style="Margin:0 0 8px 0">
Premarket earnings:
<strong>
</strong>
<a style="text-decoration: underline; color: #5869ff;">
<strong>
PayPal
</strong>
</a>
,
<strong>
</strong>
<a style="text-decoration: underline; color: #5869ff;">
<strong>
Pfizer
</strong>
</a>
,
<strong>
</strong>
<a style="text-decoration: underline; color: #5869ff;">
<strong>
Cummins
</strong>
</a>
,
<strong>
</strong>
<a style="text-decoration: underline; color: #5869ff;">
<strong>
KKR & Co.
</strong>
</a>
,
<a style="text-decoration: underline; color: #5869ff;">
<strong>
</strong>
<strong>
Marathon Petroleum
</strong>
</a>
,
<strong>
</strong>
and
<strong>
</strong>
<a style="text-decoration: underline; color: #5869ff;">
<strong>
GlobalFoundries
</strong>
</a>
</li>
<li aria-level="1" style="Margin:0 0 8px 0">
Postmarket earnings:
<strong>
</strong>
<a style="text-decoration: underline; color: #5869ff;">
<strong>
AMD
</strong>
</a>
,
<strong>
</strong>
<a style="text-decoration: underline; color: #5869ff;">
<strong>
Arista Networks
</strong>
</a>
,
<strong>
</strong>
<a style="text-decoration: underline; color: #5869ff;">
<strong>
Super Micro Computer
</strong>
</a>
,
<strong>
</strong>
<a style="text-decoration: underline; color: #5869ff;">
<strong>
Electronic Arts
</strong>
</a>
,
<strong>
</strong>
and
<strong>
</strong>
<a style="text-decoration: underline; color: #5869ff;">
<strong>
Occidental Petroleum
</strong>
</a>
</li>
</ul>
</div>
</td>
</tr>
</table>
</td>
</tr>
</table>
</td>
</tr>
</tbody>
</table>
</td>
</tr>
</tbody>
</table>
<table align="center" border="0" cellpadding="0" cellspacing="0" class="row row-14" role="presentation" style="mso-table-lspace:0;mso-table-rspace:0" width="100%">
<tbody>
<tr>
<td>
<table align="center" border="0" cellpadding="0" cellspacing="0" class="row-content stack" role="presentation" style="mso-table-lspace:0;mso-table-rspace:0;background-color:#fff;color:#000;width:600px;margin:0 auto" width="600">
<tbody>
<tr>
<td class="column column-1" style="mso-table-lspace:0;mso-table-rspace:0;font-weight:400;text-align:left;vertical-align:top" width="100%">
<table border="0" cellpadding="0" cellspacing="0" role="presentation" style="mso-table-lspace:0;mso-table-rspace:0" width="100%">
<tr>
<td class="col-pad" style="padding-left:25px;padding-right:25px">
<table border="0" cellpadding="0" cellspacing="0" class="divider_block block-1" role="presentation" style="mso-table-lspace:0;mso-table-rspace:0" width="100%">
<tr>
<td align="center" class="pad" style="padding-top:25px;padding-bottom:25px">
<table border="0" cellpadding="0" cellspacing="0" role="presentation" style="mso-table-lspace:0;mso-table-rspace:0" width="100%">
<tr>
<td class="divider_inner" style="font-size:1px;line-height:1px;border-top:1px solid #5869ff">
<span style="word-break: break-word;">
</span>
</td>
</tr>
</table>
</td>
</tr>
</table>
<table border="0" cellpadding="10" cellspacing="0" class="paragraph_block block-2" role="presentation" style="mso-table-lspace:0;mso-table-rspace:0;word-break:break-word" width="100%">
<tr>
<td class="pad">
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<table align="center" border="0" cellpadding="0" cellspacing="0" class="row-content stack" role="presentation" style="mso-table-lspace:0;mso-table-rspace:0;background-color:#fff;color:#000;width:600px;margin:0 auto" width="600">
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