TOGETHER WITH
Hey there weekday warrior,
In case you missed the news I dropped in yesterday’s email, the TL;DR version is this…
We are making some moves this Summer. In the near term, expect twice-weekly TWC and better ads. Also, say ‘sup to other Tyler, who’s been writing around here for a while… (insert your favorite Tyler Durden reference.) And later this year, look out for new publications and a few other surprises.
Thanks in advance for doing your part in keeping TWC free and independent (read: clicking and checking out our advertising partners daily).
Now, here’s what’s on tap today… Amazon is about to put the entire shipping industry out of business, GameStop wasn’t kidding about that whole eBay pipe dream, and Iran wants smoke with everyone.
Enjoy the next 3 minutes and 28 seconds of blue-chip news and commentary.
Keep on snapping necks and cashing checks,
Logistics Prime
UPS & FedEx: “How much market share are you stealing?”
Amazon: “A f*ckload truckload more”
Andy Jassy really out here singlehandedly dismantling entire industries.
UPS $UPS ( ▼ 10.47% ) and FedEx $FDX ( ▼ 9.11% ) shares tanked yesterday, the Same-Day™ that Amazon $AMZN ( ▲ 1.41% ) announced that they were open for logistics business…
The online bookstore that took down Borders (RIP, legends) has its sights set on the shipping industry next.
Andy & Co. introduced “Amazon Supply Chain Services” yesterday, its new initiative that will allow other companies to ship product through the Strait of Hormuz Amazon’s supply chain.
And if Prime’s obvious superiority proved anything, the shipping incumbents are f*cked…
Apparently, Procter & Gamble $PG ( ▼ 2.61% ), 3M $MMM ( ▼ 0.66% ), and Sydney Sweeney’s denim company American Eagle $AEO ( ▼ 3.19% ) are already signed up.
But how are they gonna compete in the real shipping industry?
Well, don’t forget Andy’s already assembled himself a yuge cargo airline fleet, tens of thousands of delivery vehicles, and freight brokerage services… which, impressive.
Imagine fumbling the bag as bad as USPS…
How often does an entire petroleum basin go public?
(Spoiler: literally almost never.)
Greenland Energy Company (NASDAQ: GLND) just rang the Nasdaq opening bell, and in case you’ve been living under a rock, it’s what we in the biz call a BFD (read: big f*cking deal).
What we’re talking about here is the rights to earn up to a 70% working interest across the entire Jameson Land Basin. Friendly reminder: that’s over 2 million onshore acres in Greenland. And it’s largely undrilled (think: they’re about to drink your milkshake). These guys have 58 prospects and leads mapped by independent engineers at Sproule ERCE.
And the numbers are sexy… (especially with that whole “oil shortage” thing going on right now).
Independent analysis points to potential upside of roughly 13 billion barrels of recoverable oil (subject to drilling results, duh)
The first two exploration wells are targeted for this year
Halliburton and Stampede Drilling (ever heard of them?) are already contracted
Thing is, frontier exploration carries real risk. Nobody is pretending it isn’t. But it also carries the kind of asymmetric upside that vanishes the moment a basin is proven. Which is kinda the whole point here.
Anyway, GLND is investable today, so check it out before the drill bit starts turning, mmkay? Check these guys out, assuming you like upside potential in your portfolio.
This is a paid advertisement by Greenland Energy Company.
+ Us, watching GameStop attempt a 2nd once-in-a-lifetime move:
Apparently, GameStop $GME ( ▼ 10.14% ) can’t stop, won’t stop chasing this eBay $EBAY ( ▲ 5.05% ) deal…
Ryan Chewy made a real-life, unsolicited offer to acquire eBay at a $55.5B valuation. It’s a cash and stock deal at a 20% premium to eBay’s Friday close.
ElectronicBay’s shares jumped 6% after the market opened, but stayed well below Ry Guy’s target. The big question is where the cash to finance this deal would come from. The answer, currently: ¯\_(ツ)_/¯
*SoftBank has entered the chat*
+ Palan-tier 1 performance
Palantir $PLTR ( ▲ 1.36% ) just dropped the kind of earnings that ought to have Alex Karp doing handstand pushups on a chair…
Q1 results blew past expectations, with a win on the top and bottom lines. We’re talking $1.63B of revenue, an 85% jump for the quarter, which, excuse me, how much? Net income 4X’ed from a year earlier. Oh, and just to complete the hat trick, Alex also lifted full-year guidance.
Per Alex Karp doing his best Alex Karp impression: “Our financial results now demonstrate a level of strength that dwarfs the performance of essentially every software company in history at this scale.” ‘nuff said.
+ Speaking of good news for Palantir’s revenue…
Former OPEC member, the UAE, said Iran launched missile and drone attacks at them yesterday… which isn’t helpful for the whole ceasefire thing. Oh, and Donny Artillery also said that the US sank multiple Iranian boats in the Strait. Also, not great news for a ceasefire.
Per the king of Truth Social, Iran will be “blown off the face of the earth” if US ships protecting commercial vessels in the Strait are targeted. Stonks understandably fell yesterday and oil is back up.
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> Anthropic teams with Goldman, Blackstone and others on $1.5 billion AI venture targeting PE-owned firms (CNBC) // AI enterprise “consultants” be like…
> Elon Musk pressured OpenAI’s Greg Brockman to settle lawsuit or become one of ‘most hated men in America’ (NY Post) // Takes one to know one…
> Circle jumps 20% on Clarity Act compromise that preserves stablecoin rewards (CNBC) // Remember when crypto was counterculture and now they pump because of legislation?
> Ex-JPMorgan banker Chirayu Rana pretended his dad was dead to get bereavement leave — but he’s alive and spoke to The Post this weekend (NY Post) // This dude is the gift that keeps on giving.
> Firmly in the orange…
Yesterday, I asked, “How many hours is too many for a road trip? (Think: at what point are you flying no matter the cost?)”
40% of you said, “10-15 hours.” Seems a bit low to me…
Here’s what some of you guys had to say (and my response in italics)…
10-15 hours: “You have to be able to make it without an overnight stop. Once you cross that line, the roadtrip becomes the trip rather than the destination.” True. Really depends what roads you’re on…
15-20 hours: “Solo I could bang out 15-20 with minimal piss stops, maybe a quick rest area cat nap, my own podcasts, and personal playlist. But with the wife, no more than 5-10. That’s just way too much alone time.”
10-15 hours: “Unless you have Tom Green at home to feed your pet snake.” By the way, Cheech, that credit card you guys gave me last night was maxed out, so don't go spending all your cash on needles and guns just yet.
5-10 hours: “Drive to airport, wait at lounge, be delayed (pretty much every flight I've taken in the past 2 years) sit on tarmac, pick up rental car, drive to destination. Somewhere around a 6-7 hour road trip is a wash.” Dad math.
20+ hours: “I have a family of five. At least two of my kids have a touch of the tism's, so we don't do airports unless we're crossing an ocean. Life comes at you fast, Tyler's.” Knock, knock, who’s there? Autism.
Here’s today’s question(s)…
Interesting to watch Amazon blow apart another entire industry in one move... If you had to pick ONE company with the highest chance of taking over the entire world in a singular monopoly, who you got? (write-ins welcome)
+ US stocks “ended lower on Monday, with the S&P 500 retreating from record highs, after a South Korean ship was hit by an explosion in the Strait of Hormuz and Tehran demonstrated its grip on Middle East oil, dampening optimism about strong first-quarter earnings reports.” (Reuters)
+ The 10-year yield “moved higher Monday as investors weighed the implications of more costly energy prices on the general level of inflation as a result of the Iran war.” (CNBC)
+ Oil “surged on Monday as tensions escalated in the Middle East. Iran claimed to hit a U.S. Navy ship, while Washington said it had safely helped two vessels transit the Strait of Hormuz.” (Investing.com)
+ The “smart” money (prediction markets) thinks that there’s only a 12% chance GameStop acquires eBay. (Polymarket)
⏪ Yesterday…
+ Norwegian Cruise Line, Tyson Foods, Hess Midstream Partners, and Twist Bioscience reported before the opening bell
+ Palantir, Duolingo, Grab Holdings, Pinterest, ON Semiconductor, Vertex Pharmaceuticals, BWX Technologies, Powell Industries, Sterling Construction, Diamondback Energy, Paramount, Firefly Aerospace, Fabrinet, Vimeo, Transocean, GeneDx, Williams, and Lattice Semiconductor dropped earnings after the bell
+ IBM's four-day IBM Think began
+ The three-day Milken Global Conference got underway
⏩ Today we’re keeping an eye on…
+ PayPal, Shopify, Pfizer, Ferrari, Cipher Mining, Cameco, Fiserv, DigitalOcean, Eaton, Energy Transfer, Archer Daniels Midland, KKR, HSBC, Duke Energy, DuPont, Cummins, Marathon Petroleum, BioNTech, IDEXX Laboratories, Leidos, GlobalFoundries, EVgo, Rockwell Automation, Transdigm, Huntington Ingalls Industries, Palladyne AI, and American Electric Power report before the bell
+ Super Micro Computer, Advanced Micro Devices, MicroStrategy, Arista Networks, Tempus AI, BigBear.ai, Astera Labs, Navitas Semiconductor, TransMedics, Joby Aviation, Occidental Petroleum, Upstart, Lucid Motors, Centrus Energy, Lumentum, Ouster, Electronic Arts, Coupang, Wolfspeed, Lumen Technologies, AMC Entertainment, Devon Energy, Talen Energy, Emerson Electric, Dave, Bumble, Pan American Silver, Onto Innovation, Hecla Mining, Skyworks Solutions, EOG Resources, and Exelixis report after the bell
+ The three-day CoinDesk Consensus conference will begin
Oh, and one more thing…
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