Welcome to Staten News, where money spent the week rotating out of whatever it owned and into whatever it didn't. Tower stocks over carriers. Old Prism Stars over new ex cards. Same instinct, different binders.
📊 Finance
SpaceX agreed to pay about $8 billion in cash for Grain Management's nationwide 800 MHz spectrum, and the market immediately split telecom into winners and losers.
Crown Castle (CCI) was the best stock in the S&P 500 last week, up 17.85% to $79.64, on the bet that SpaceX will eventually need towers on the ground.
The carriers paid for it: T-Mobile fell 9.75% and Verizon fell 9.16% on the week.
Mosaic (MOS) was the worst stock in the index, down 11.98% to $18.74, after an RBC downgrade and rising phosphate and potash costs.
The 10-year Treasury yield touched nearly 5.37% Wednesday, a 24-year high, and the S&P 500 still finished the week up 1.2%.
JPMorgan, Goldman, Citi and Wells Fargo report Tuesday. September CPI lands Wednesday at 8:30 a.m. ET with consensus at 3.6%.
Our calls for the week: JPMorgan up on rate-driven income guidance, Verizon down as yields and SpaceX keep pressing on it.
Full story: SpaceX Bought Spectrum. Crown Castle Got the Best Week in the S&P 500.
⚾ Sports
Cleveland beat the White Sox 2-0 in ALDS Game 5, finishing a comeback from 0-2 down with three straight elimination wins.
Gavin Williams struck out 12, and four Guardians pitchers combined for 21 strikeouts, an MLB single-game record.
Tampa Bay swept the Yankees 3-0 (1-0, 5-2, 4-3). New York scored six runs in three games after putting up 18 in two Wild Card wins over Boston.
Milwaukee beat the Dodgers 2-1 in NLCS Game 1 behind a Brice Turang solo homer and a Luis Lara RBI single.
The Giants and Commanders tied 27-27 after Cam Skattebo fumbled in field-goal range in overtime and Washington ran out the clock on its own final play.
The Jets beat the Browns 17-12 in the rain with eight sacks, three from rookie David Bailey, and moved to 2-3.
Tonight: NLCS Game 2 in Milwaukee at 5 p.m. ET, then ALCS Game 1, Guardians at Rays, at 8 p.m. ET.
Full story: Cleveland Struck Out 21 White Sox. Now It Gets the Team That Swept the Yankees.
📱 Tech
Apple's "Welcome home" launch is Tuesday, October 13, with an online video and an in-person press session in New York.
The expected headliner is a smart home hub with a 6-inch square display built around Siri AI, rumored at around $350.
A new Apple TV 4K (first hardware update since November 2022) and a faster HomePod mini are expected alongside it.
Amazon's three Alexa Tablets ship Wednesday at $229.99, $329.99 and $499.99.
The bigger Amazon news is the software: Android 16 with Google Play, no Fire OS and no Amazon Appstore.
Bloomberg reports OLED MacBook Pros and an OLED iPad mini arriving on or around October 27.
Full story: Apple Wants Your Kitchen Counter. Amazon Ships Its Answer the Next Day.
🃏 TCG
Celebi ◇ (Lost Thunder #19) was the market's biggest weekly gainer on Ripdex, up 287.1% to $47.03.
Nine of the top ten weekly gainers were Sun & Moon era Prism Stars, including Latios ◇ (+261.6%) and Latias ◇ (+189.6%), with no announced catalyst.
Trackers disagree on the price: TCGindex has the same Celebi up 81.1% at $14.94, a sign of a very thin market.
Erika's Jigglypuff (30th Celebration Classic Collection) was the biggest loser at -36%, and eight of the ten weekly losers came from 30th Celebration.
Mew ex and Pikachu ex from 30th Celebration each lost about 25%, while the Mew B/RGB chase card more than doubled to $3,747 per TCGindex.
Delta Reign preorders sit well above retail: booster box $250.09 vs. $161.64 MSRP, ETB $122.36 vs. $49.99. Prereleases start October 24, release is November 6.
Full story: Old Prism Stars Tripled in a Week. The 30th Celebration Singles Went the Other Way.
Stay sharp. Signal over noise. — The Bandicoots 🔥