Group 1: Blue Owl Capital Corporation II Merger - Blue Owl plans to merge its private credit fund, Blue Owl Capital Corporation II, with its OBDC fund, which has $17 billion in assets, potentially impacting investors significantly [3][4] - Investors in Blue Owl Capital Corporation II are being asked to exchange their shares for OBDC shares at the stated net asset value, but OBDC shares are trading at a 20% discount in public markets [4][5] - If the merger is approved, Blue Owl Capital Corporation II investors could see a 20% reduction in the value of their investments, and they will be restricted from withdrawing funds until the merger is completed in early 2026 [5][6] Group 2: Market Dynamics and Investor Sentiment - The merger's cancellation highlights the complexities of private market transactions, where investors may face significant losses when transitioning from private to public funds [6][8] - Investors expressed dissatisfaction with the merger terms, as they would incur a loss if they opted to sell immediately after the exchange [8][9] - The situation illustrates the challenges investors face in private markets, where valuations and liquidity can differ significantly from public markets [9] Group 3: Investment Philosophy and Historical Context - A review of R.W. McNeel's 1927 book "Beating the Market" reveals timeless investment principles that resonate with modern strategies, emphasizing value investing and patience [15][16] - The book's core tenets align closely with Warren Buffett's investment philosophy, advocating for a focus on intrinsic value and long-term growth [16][17] - The enduring relevance of McNeel's insights underscores the consistent nature of human behavior in investing, as fear and greed continue to drive market dynamics [18] Group 4: Future of Robotaxis and Market Expansion - The discussion around Uber's valuation highlights the potential for network effects and market expansion beyond traditional taxi services, with gross bookings reaching $93 billion in rides and $86 billion in deliveries [19][20] - The emergence of robotaxis, such as those from Waymo and Tesla, may redefine market dynamics and consumer trust, particularly in suburban areas [22] - The shift towards autonomous vehicles could address logistical challenges for families, potentially increasing demand for robotaxi services [22]

Core Viewpoint - The company, Strategy (MSTR), is facing increasing liquidation calls as its stock price has dropped nearly 70% from last year's peak, raising concerns about its ability to meet obligations amid a significant decline in bitcoin prices [1] Financing and Preferred Stock - Throughout 2025, Strategy has primarily used perpetual preferred stock for financing bitcoin purchases, while at-the-market common share issuance has been mainly for covering preferred dividend obligations [1] - The company issued four U.S.-listed preferred series: Strike (STRK) with an 8% fixed dividend, Strife (STRF) with a 10% fixed non-cumulative dividend, Stride (STRD) with a 10% cumulative dividend, and Stretch (STRC) with a 10.5% fixed cumulative dividend [2] Performance of Preferred Series - As of November 21, STRK trades near $73, reflecting an 11.1% current yield and a 10% decline since issuance; STRD has fallen to about $66 for a 15.2% yield and a 22% total return loss; STRF is trading around $94, delivering roughly an 11% gain [3] Bitcoin Holdings and Market Pressure - The critical level for Strategy's bitcoin holdings is approximately $74,400, below which the company would be in the red; however, a decline below this level does not necessarily indicate a margin call or forced sales of bitcoin [4] - The nearest structural pressure point is on September 15, 2027, when holders of $1 billion 0.625% convertible senior notes will have their first put option, with the notes priced when MSTR traded at $130.85 [5] Dividend Coverage - Despite potential declines in the market valuation premium to bitcoin holdings, Strategy has a clear path to cover its annual preferred dividend obligations [6]

microstrategy raised $69.5m to buy $45.6m of bitcoin last month. they're diluting more than they're buying. mnav compressed from 2.5x to 1.2x in 8 weeks. at 1.0x the model dies completely. msci decision january 15 could force $11.6b in index selling. saylor's infinite money glitch just broke ...

Strategy (MSTR) has become the go-to tool for crypto investors trying to manage risk, according to Tom Lee, chairman and CEO of Bitmine, partly explaining its 43% drop over the past month. “[Strategy] is probably the most important stock watch right now, because that is the bitcoin proxy, it’s the most liquid name,” Lee said in an interview with CNBC on Thursday. With limited options to hedge losses directly in crypto markets, institutional traders have turned to shorting Strategy shares instead. The com ...

Core Insights - Investors will have a break next week due to the market closure on November 27 for Thanksgiving, allowing time for assessment and reflection after a challenging week for Wall Street [2] - Despite the end of the U.S. government shutdown, some key economic reports are still being canceled due to insufficient survey data, impacting market expectations [3] Earnings Reports - Several companies are scheduled to report earnings next week, including Alibaba Group (BABA), Dell (DELL), Deere & Company (DE), Analog Devices (ADI), Best Buy (BBY), HP (HPQ), and DICK'S Sporting Goods (DKS) [4] - Specific earnings highlights include: - Monday: Agilent Technologies (A), Zoom Communications (ZM), Symbotic (SYM) [5] - Tuesday: Alibaba, Analog Devices (ADI), Dell Technologies, Best Buy (BBY), Autodesk (ADSK), Workday (WDAY), Zscaler (ZS), HP (HPQ), DICK'S Sporting Goods, J.M. Smucker (SJM), and NIO (NIO) [5] - Wednesday: Deere, Li Auto (LI) [5] - Thursday: Intuitive Machines (LUNR) [6] - Friday: Frontline Plc (FRO), Buckle, Inc. (BKE) [6]

Core Insights - Retail investors are actively discussing five stocks this week, influenced by earnings reports, retail enthusiasm, AI developments, and corporate news [1] Nvidia (NVDA) - Nvidia reported record fiscal third-quarter revenue of $57 billion, with $51.2 billion from data center sales, and provided fourth-quarter guidance of $65 billion [5] - The stock is trading between $180 and $183, up 30.61% year-to-date and 23.16% over the year, with a 52-week range of $86.63 to $212.19 [6] - Despite a poor value ranking, it shows a stronger price trend in the medium and long terms [6] Palantir Technologies (PLTR) - Palantir faces concerns over an AI bubble, exacerbated by notable investor sell-offs, including CEO Alex Karp's sale of 585,000 shares worth $96 million [6] - The stock is trading around $155 to $157, up 107.14% year-to-date and 153.82% over the year, with a 52-week range of $60.90 to $207.52 [10] - The company signed a multi-year AI partnership with FTAI Aviation, but insider selling has raised alarms among investors [6] Strategy Inc. (MSTR) - MSTR is experiencing a decline amid Bitcoin's correction, with fears of debt refinancing and insider sales by EVP Wei-Ming Shao [10] - The stock is trading around $106 to $108, up 19.01% year-to-date and 21.18% over the year, with a 52-week range of $79.81 to $109.58 [15] - The company purchased 8,178 BTC for $835.6 million, increasing total holdings to 649,870 BTC [10] Walmart (WMT) - Walmart reported $179.5 billion in revenue for its fiscal third quarter, with a 27% increase in e-commerce and a 53% rise in advertising [14] - The stock is trading around $106 to $108, up 19.01% year-to-date and 21.18% over the year, with a 52-week range of $79.81 to $109.58 [15] - The company raised its FY26 net sales guidance to 4.8-5.1%, indicating confidence in holiday sales [14] Alphabet Inc. (GOOG) - Investors are optimistic about Alphabet becoming the next $5 trillion company following Nvidia's success [13] - The stock is trading around $177 to $179, down 40.96% year-to-date and 55.41% over the year, with a 52-week range of $171.48 to $542.99 [14]

Core Viewpoint - Strategy Inc. (NASDAQ:MSTR) is positioned as a strong long-term investment in the cryptocurrency sector, bolstered by a recent successful IPO and strategic financial maneuvers [1][2]. Financial Performance - The recent public offering raised €620 million, exceeding expectations, which will be utilized to purchase additional Bitcoin, enhancing the company's treasury without diluting common equity [2]. - The company purchased 487 Bitcoins for $49.9 million at an average price of $102,557 per Bitcoin, increasing total holdings to 641,692 Bitcoins at an average acquisition cost of $74,079 per coin [3]. Market Positioning - The strategic expansion into the European market and the anticipated increase in Bitcoin assets highlight the company's growth potential [3]. - Strategy Inc. is recognized as the largest corporate owner of Bitcoin, having adopted it as its primary treasury reserve asset [4]. Analyst Insights - TD Cowen analyst Lance Vitanza has reiterated a Buy rating on the stock with a price target of $535, reflecting confidence in the company's future performance [1].

Bitcoin treasury firm Strategy (formerly MicroStrategy) said on X that during the 2022 bear market its average BTC purchase price was around $30,000; when BTC fell to roughly $16,000 (~50% of that cost), it added to its holdings. The statement implies the firm may continue accumulating BTC in the current downturn. https://t.co/twBggPBT6b ...

Benzinga and Yahoo Finance LLC may earn commission or revenue on some items through the links below. Economist Peter Schiff slammed Strategy Inc.’s (NASDAQ:MSTR) Bitcoin (CRYPTO: BTC) investment approach on Thursday, arguing that the company would have been better placed had it chosen any other asset. Schiff Sees Problems For Strategy In an X post, Schiff pointed out that despite spending over $48 billion on Bitcoin in the past five years, the company’s total paper profits are less than 17%. Schiff also ...

Core Viewpoint - Strategy Inc. (NASDAQ:MSTR) is recognized as a leading investment opportunity in the cryptocurrency sector, despite a recent price target reduction by Mizuho from $586 to $484 while maintaining an "Outperform" rating [2]. Financial Performance - In Q3 2025, Strategy Inc. reported an EPS of $8.42, driven by an operating income of $3.9 billion and a net income of $2.8 billion [3]. - The company raised $19.8 billion in Bitcoin in 2025, ending the quarter with 640,808 Bitcoin holdings, which account for over 3% of all Bitcoin in existence [3]. - The year-to-date Bitcoin yield for the company is 26%, attributed to fair-value accounting that added $18 billion to digital asset equity [3]. - Total revenue for Q3 reached $128.69 million, an increase from $116.07 million in Q3 2024, with growth primarily from Product licenses and Subscription services [3]. Strategic Positioning - The company's strong earnings and capital-raising capabilities enhance its leading position in the market [4]. - Management plans to maintain financial flexibility through various funding methods, including ATM issuances and Bitcoin derivatives, while focusing on educating financial institutions about Bitcoin adoption [5]. - The management emphasizes that institutional acceptance and compliance are crucial for the growth of the cryptocurrency industry [5].