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It’s Sunday.
Quick programming note: there will be no issue next Sunday, September 13. Coverage will resume on September 20.
It was a quieter news week, and with Labor Day tomorrow, the upcoming week is shaping up to be relatively light as well.
That said, there are still a few key events to watch.
Oracle and Adobe are set to report earnings on Thursday, followed by the latest inflation reading on Friday.
The inflation print will be particularly important, as any signs that price pressures are picking back up could have significant implications for the Fed’s decision on 9/16.
Until then, I hope you’re all enjoying the Labor Day weekend.
Key Data Bites Over The Last Week:
Morningstar updated its list of the 10 best dividend stocks to buy.
OpenAI said its ad business reached $1B annualized revenue run rate.
Anthropic signed $35B cloud deal with Nvidia-backed Lambda.
Broadcom forecasted $230B in AI revenue by 2028.
U.S. economy added 162,000 jobs in August, far ahead of 53,000 expected.
Man becomes overnight millionaire after finding Bitcoin lost for 12 years.
Volkswagen plans to cut an additional 50,000 jobs.
AI data center spending is expected to reach $32T through 2050.
Oura filed to go public and revealed 74% revenue growth.
Netflix increased prices affecting 6% of total subscribers.
‘Rich Dad Poor Dad’ author is $1.2B in debt.
In today’s newsletter:
🍎 Apple Under Tim Cook
📉 September Is The Worst Month
💥 Lululemon’s Worst Crash Since GFC
🚗 Most Valuable Automakers
💵 How Uber Makes Money
Let’s jump right in.
📣 Together With Greenfield Robotics
The Physical AI Boom Reaches The Farm
Most AI lives on a screen. This kind drives itself through a soybean field at 2 a.m. and cuts weeds to the centimeter, with no herbicide. Greenfield Robotics has 82 machines running across 16 states. This year's fleet sold out, and every robot was delivered.
The platform keeps adding jobs: weeding now, feeding, spraying, and cover-crop planting on the way. Farmers are done with chemicals linked to Parkinson's and tied to the price of oil.
The pull is real, and the machines work. Greenfield's Regulation A+ offering lets everyday investors own a stake ahead of the scale-up the company is building toward.
Greenfield Robotics is Testing The Waters under tier 2 of Regulation A. No money or other consideration is being solicited, and if sent in response will not be accepted. No offer to buy the securities can be accepted and no part of the purchase price can be received until the offering statement filed by the company with the SEC has been qualified by the SEC. Any such offer may be withdrawn or revoked, without obligation or commitment of any kind, at any time before notice of acceptance given after the date of qualification. An indication of interest involves no obligation or commitment of any kind. “Reserving” shares is simply an indication of interest. There is no binding commitment for investors that reserve shares in this manner to ultimately invest and purchase the shares reserved of the company, or to purchase any shares of the company whatsoever.
Tim Cook’s era is officially over.
After 15 years as CEO, Cook is stepping down and handing the company to longtime hardware chief John Ternus.
During his tenure, Apple became the first U.S. public company to reach $1T, $2T and eventually $4T in market value while expanding far beyond the iPhone into services, wearables and custom silicon.
For shareholders, the transformation was enormous.
A $10,000 investment when Cook became CEO in August 2011 would be worth roughly $278,000 today.
Cook will remain at Apple as executive chairman, leaving Ternus to lead one of the most valuable companies ever built.
September has earned its bad reputation.
Since 1993, the S&P 500 has averaged a 0.9% decline in September, making it the weakest month of the year by a wide margin.
The index has still finished higher in 52% of Septembers, but the losing months have historically been severe enough to drag the average return below every other month.
There’s no single explanation for the pattern.
Higher trading activity after summer, portfolio repositioning and major economic updates have all been cited as possible factors by various analysts.
Seasonality is never a guarantee, but September has consistently been the toughest stretch on the calendar for U.S. stocks.
Lululemon’s fall keeps getting worse.
Shares have now collapsed roughly 80% from their peak, marking the company’s steepest drawdown since the financial crisis.
The latest quarter offered little relief.
Revenue fell 4% and comparable sales dropped 9% as weakness in core categories like leggings continued to weigh on demand.
Management also cut its full-year outlook again and now expects revenue to decline roughly 6%.
The problems have been building for years, from uneven product innovation and rising competition to leadership turnover.
Incoming CEO Heidi O’Neill now inherits a brand that was once one of retail’s biggest growth stories and is still searching for a reset.
Tesla has left every automaker behind.
At a $1.4T market cap, the company is worth more than the next nine automakers on this list combined, including Toyota, General Motors, and Ferrari.
That premium increasingly rests on businesses far beyond selling cars.
The company recently began offering Cybercab rides in limited areas of Austin, bringing its robotaxi onto public roads for the first time.
But the rollout remains small, while questions around pricing, production and regulatory approval are still unresolved.
Investors sent shares down 6% after the latest Cybercab event offered few new details.
At this valuation, Tesla’s next leg depends heavily on proving its autonomous ambitions can scale.
Uber is slimming down for a driverless future.
The company is laying off roughly 3,300 employees, or 10% of its workforce, in its biggest round of cuts since 2020.
Management says the goal is to flatten layers, speed up decisions and redirect savings toward areas that matter most.
One of the biggest is autonomous driving.
Uber plans to invest more than $10B in robotaxis as Waymo expands and Tesla pushes deeper into the market.
The core business remains profitable, generating $1.9B in operating profit last quarter.
Now Uber is reshaping the company around a future where more rides may no longer need human drivers.
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Greenfield Robotics is Testing The Waters under tier 2 of Regulation A. No money or other consideration is being solicited, and if sent in response will not be accepted. No offer to buy the securities can be accepted and no part of the purchase price can be received until the offering statement filed by the company with the SEC has been qualified by the SEC. Any such offer may be withdrawn or revoked, without obligation or commitment of any kind, at any time before notice of acceptance given after the date of qualification. An indication of interest involves no obligation or commitment of any kind. “Reserving” shares is simply an indication of interest. There is no binding commitment for investors that reserve shares in this manner to ultimately invest and purchase the shares reserved of the company, or to purchase any shares of the company whatsoever.
🔄 Index Shuffle↗ – Bloom Energy, Illumina, and Everpure will join the S&P 500, replacing Molson Coors, Builders FirstSource, and Trade Desk.
🏢 Data Divide↗ – President Trump warned communities that block data centers will end up “backwards and poor.”
🚀 Astra Launch↗ – OpenAI released Astra, which it says is its most powerful model yet, with new computer and browser-use capabilities.
⚱️ Gold Rebuild↗ – Major money managers rebuilt gold positions after the selloff, betting the long-term bull case remains intact.
🧘 Burry’s Bet↗ – Michael Burry plans to add to his Lululemon position, despite the stock already making up nearly 20% of his portfolio.
Notable Companies Reporting Earnings Week of September 6th, 2026:
Major Trades Published 8/31 - 9/4. Trades may be those of family members. [Source: Capitol Trades]
Buys
Cleo Fields (D)
Company: Apple ($AAPL)
Amount Purchased: $1K - $15K
John McGuire (R)
Company: Nvidia ($NVDA)
Amount Purchased: $1K - $15K
Sells
Richard Blumenthal (D)
Company: TIC Solutions ($TIC)
Amount Sold: $865K - $1.8M
Kevin Hern (R)
Company: Procter & Gamble ($PG)
Amount Sold: $51K - $115K
Company: The Home Depot ($HD)
Amount Sold: $50K - $100K
Major Trades Published 8/31 - 9/4
Buys
Sells
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