Silver banana goes to…

Your Daily Dose of Market & Career Clarity

📬 Delivered to 150,000+ ambitious readers

🎯 In this issue:

• Banana Bits: Finance headlines that actually matter

• What’s Ripe / Rotten: The tastiest and most disgusting stocks today

• Technical Trip: Interview Q&A from Barclays

• Lesson from the Library: Private Equity course sneak peek

• Deal News: M&A, IPO, and transaction breakdowns

• The Daily Poll: See how you stack up

Market Snapshot

📉 Banana Bits

• The Fed holds rates with two officials dissenting from the decision, as Jerome Powell cites impending inflation.

• Microsoft and Meta’s share prices surge after hours after crushing earnings.

• The U.S economy is back in the swing of things after announcing real GDP growth of 3% in Q2. 

• President Donald Trump delayed the 50% set to go into effect on Brazil, citing the tariffs as a threat to U.S national security. 

• The Bank of Canada holds rates steady at 2.75%, allowing for potential future rate cuts.

• Kraken, a cr*pto exchange platform, saw its revenue increase by 18% in Q2.

• Tsunami warnings were downgraded for the west coast of the U.S after the most powerful earthquake in 14 years struck the eastern coast of Russia.

• Fed Governors could “break ranks” as Trump continues to mount the pressure on Powell to cut rates.

• Treasuries fell as traders reacted to the Fed holding rates steady.

What's Ripe

Wingstop Inc. (WING) 26.9%  

• Wingstop’s stock surged yesterday after absolutely clobbering earnings with an EPS of $1.00 above the expected $0.88. 

• The fast food restaurant also beat revenue expectations after announcing a 12% YoY increase.

FTAI Aviation LTD. (FTAI) 26.6%  

• FTAI’s stock price skyrocketed yesterday after beating earnings with $676 million in revenue, significantly above the expected $537 million.

• FTAI’s adjusted EBITDA also increased 63% YoY, and its EPS of $1.57 increased 22% YoY, significantly surpassing analyst expectations. 

What's Rotten

Avis Budget Group Inc. (AVIS) 15.4% 

• Avis’s stock plunged yesterday as they badly missed earnings. Avis’ GAAP EPS came in at $0.10, below the expected $1.83. Yikes.

• Despite this, the rental car service’s adjusted EBITDA metric increased 29% YoY, but this was not enough to persuade many investors to hold the stock.

Silgan Holdings Inc. (SLGN) 15.23%  

• Silgan Holdings missed earnings and subsequently trimmed their full-year guidance, causing a steep selloff of their stock.

• The packaging solutions company missed EPS coming in at $1.01 below the expected $1.03, and adjusted EBITDA fell 8%. 

🧠 Technical Trip

Interview Q&A from Barclays

👉 Want 1-on-1 recruiting help from Barclays bankers & 2,000+ top mentors? Apply to WSO Academy

📚 Lesson from the Library

Private Equity Master Package Sneak Peek

It only takes a few grueling 100-hour weeks in IB to start dreaming about the promised land of private equity. There’s more prestige than being stuck in the bullpen, you get to learn the ins and outs of all kinds of industries, and… you make bank.

But competition for the few junior seats that top shops make available each year is fierce. Every 2nd year, analysts on the Street are vying for a spot, and you need something to set you apart.

That’s where WSO’s PE Master Package comes in. Learn to talk the talk with LPs through guided video lessons that teach you how to evaluate investment opportunities, the nuts and bolts of auction-based deals, and other nuances of the field.

We want our loyal Peel readers to gain an edge on the competition, so we’re also giving away free access to our Excel Modeling Course for the first 5 readers to sign up for the PE package in the next 24 hours. Three total courses—that’s some serious value right there.

Analysts up and down the Street are brushing up on their skills as we speak, so there’s no time to waste. Sign up today and put yourself in the best position possible to land a gig in the most prestigious field in finance.

🦈 Deal News

M&A, IPOs, And Other Notable Transactions

• Figma, a software design company, is approaching a 40 times oversubscribed IPO, indicating extreme demand for the stock.

• Smaller banks have extremely optimistic ECM forecasts for the latter half of the year, with them predicting an uptick in IPOs.

• Baker Hughes is acquiring Chart Industries for $9.6 billion in cash in an effort for the oilfield service giant to extend its grasp into “liquefied natural gas.”

• Whitefiber, a company that provides cloud services to data centers, announced an IPO priced between $15-$17, with a $558 million fully diluted value. 

• Intercontinental Exchange, the parent company of the NYSE, is planning on acquiring the energy company Enverus for at least $6 billion.

• Evercore is planning on acquiring Robey Warshaw, a U.K.-based boutique investment bank, for $196 million.

📊The Daily Poll

Previous Poll:

OpenAI’s “study mode” is a

Game changer: 18.2% // Meh: 25.0% // Too late: 9.1% // Useful for students: 47.7%

Student Success Corner

Banana Brain Teaser

Previous

Last year, for every 100 million vehicles that traveled on a certain highway, 96 vehicles were involved in accidents. If 3 billion vehicles traveled on the highway last year, how many of those vehicles were involved in accidents?

Answer: 2880

Today

If 1 + (1/x) = 2 - (2/x), then x = ?

How Would You Rate Today's Peel?

Happy Investing,
Chris, Vyom, Ankit, Colin, & Patrick

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