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2026-10-04 · 2026-10 / week-1

PYXS’s $282.6M Headline Is Not $282.6M of Cash

No-trade screen: Reject. Pyxis Oncology closed an offering that raised about $110 million gross, not $282.6 million. The remaining $172.6 million depends on up to 49.3 million warrants becoming exercisable after a charte...

2026-10-04 · 2026-10 / week-1

Qorvo's Closing Spread Is Not a Long Opportunity

Summary: Qorvo's last regular-session close, $114.17 on Oct. 2, was already essentially equal to the $114.1288 consideration implied by Skyworks' $32.50 cash plus 0.960 SWKS shares, marked to SWKS's $85.03 close. Skywork...

2026-10-03 · 2026-10 / week-1

BNBX’s Pivot Is Announced; the Common Claim Is Still Unpriced

No-trade screen: Reject. On Oct. 2, BNB Plus said it would move from a BNB-treasury strategy toward blockchain and AI infrastructure and explore ways to monetize its LineaRx subsidiary. No asset sale, customer contract, ...

2026-10-03 · 2026-10 / week-1

Equifax’s Bi-Merge Risk Is Real; the Short Is Not Yet Bounded

No-trade screen: Reject. A report says FHFA may direct Fannie Mae and Freddie Mac to accept two-bureau rather than three-bureau mortgage reports. That would matter to Equifax, but the report is not an issued policy, and ...

2026-10-02 · 2026-10 / week-1

TLT’s Payroll Sensitivity Is Real; the Short Still Fails 10/5

No-trade screen: Reject. The September U.S. Employment Situation is scheduled before the Oct. 2 open, and 20+ year Treasury yields have risen sharply. But at TLT’s Oct. 1 close, a roughly 69-basis-point parallel yield ri...

2026-10-02 · 2026-10 / week-1

Nike’s Revenue Miss Is Real; the Short Still Fails 10/5

Summary: Nike’s fiscal Q1 revenue fell 4% and missed the pre-print consensus cited by secondary providers, while EPS beat and gross margin expanded 60 basis points. Management still expects high-single-digit FY27 revenue...

2026-10-02 · 2026-10 / week-1

NFG’s Ohio Utility Closed, but the Guide Still Fails 10/5

Summary: National Fuel completed its $2.62 billion Ohio utility acquisition on Oct. 1, adding about 335,000 customers and doubling its regulated utility rate base. Yet the deal’s $1.20 billion seller note matures in a ye...

2026-10-01 · 2026-10 / week-1

Acuity’s Q4 EPS Beat Leaves ABL Margin Risk Unresolved

Summary: Acuity reported Q4 FY26 adjusted EPS of $5.77, up 11%, on net sales growth of 2.9%. But the $44.9 million Q4 tariff refund helped reported earnings, Acuity Brands Lighting ABL adjusted operating profit fell 7.1%...

2026-10-01 · 2026-10 / week-1

Accenture Beats Q4; FY27 Guide Still Does Not Clear a +10% Base

Summary: Accenture’s Q4 FY26 revenue was $18.68 billion, above its prior guide, and bookings grew 5% in local currency. But the new FY27 outlook is only 3%–6% local-currency revenue growth and 3%–6% adjusted-EPS growth; ...