Independent equity research on individual companies, published with the firm’s own position disclosed. Not investment advice. Spider Eyes Research is not authorised or regulated by the Financial Conduct Authority.https://spidereyes.co.uk/en-gbhttps://spidereyes.co.uk/insights/uber-technologies-2026-11/https://spidereyes.co.uk/insights/uber-technologies-2026-11/Volume is slowing, cash is strong. On 20% growth, the firm's case, without the float, its model gives about $89 a share against $68.78. The firm stays long. — Spider Eyes Research and/or its principals hold a long position in Uber Technologies, Inc. (UBER). Not investment advice.Sun, 08 Nov 2026 00:00:00 GMTPosition ReviewNYSE: UBERhttps://spidereyes.co.uk/insights/flutter-entertainment-2026-11/https://spidereyes.co.uk/insights/flutter-entertainment-2026-11/Flutter's value turns on the courts: about $61–$74 a share if Kalshi wins, $86 if they stay split, $105–$120 if the states win. The firm stays long. — Spider Eyes Research and/or its principals hold a long position in Flutter Entertainment plc (FLUT). Not investment advice.Thu, 05 Nov 2026 00:00:00 GMTPosition ReviewNYSE: FLUThttps://spidereyes.co.uk/insights/intel-2026-11/https://spidereyes.co.uk/insights/intel-2026-11/External foundry revenue rose to $411M, 2.5% of total. Intel credits the rise mainly to a non-recurring contract; $126M of the total is Altera. — Spider Eyes Research and/or its principals hold a long position in Intel Corporation (INTC). Not investment advice.Sat, 31 Oct 2026 00:00:00 GMTIntel Fab Watch · Issue 03NASDAQ: INTChttps://spidereyes.co.uk/insights/porsche-ag-2026-10/https://spidereyes.co.uk/insights/porsche-ag-2026-10/Porsche is shrinking to earn more per car. The price already pays for the plan on time; upside needs prices per car to hold through the 2027 trough. — Spider Eyes Research and/or its principals hold a long position in Dr. Ing. h.c. F. Porsche AG (P911.DE). Not investment advice.Tue, 27 Oct 2026 00:00:00 GMTInitiationXETRA: P911.DEhttps://spidereyes.co.uk/insights/carnival-corporation-2026-10/https://spidereyes.co.uk/insights/carnival-corporation-2026-10/Record yields, but the fuel premium held and Q3's buybacks stalled the deleveraging. The firm stays long while Moody's stays in reach. — Spider Eyes Research and/or its principals hold a long position in Carnival Corporation Ltd. (CCL). Not investment advice.Thu, 08 Oct 2026 00:00:00 GMTPosition ReviewNYSE: CCLhttps://spidereyes.co.uk/insights/adobe-2026-09/https://spidereyes.co.uk/insights/adobe-2026-09/Adobe is trading paid growth for reach. The firm stays long while that looks like strategy rather than decline. December is the first real test. — Spider Eyes Research and/or its principals hold a long position in Adobe Inc. (ADBE). Not investment advice.Tue, 22 Sep 2026 00:00:00 GMTPosition ReviewNASDAQ: ADBEhttps://spidereyes.co.uk/insights/carnival-corporation-2026-08/https://spidereyes.co.uk/insights/carnival-corporation-2026-08/The recovery is priced in; the credit re-rating is not. Two of three agencies rate Carnival investment grade, yet it trades at half Royal Caribbean's multiple. — Spider Eyes Research and/or its principals hold a long position in Carnival Corporation Ltd. (CCL). Not investment advice.Wed, 19 Aug 2026 00:00:00 GMTInitiationNYSE: CCLhttps://spidereyes.co.uk/insights/flutter-entertainment-2026-08/https://spidereyes.co.uk/insights/flutter-entertainment-2026-08/A still-dominant US sportsbook in a deliberate investment year, beside a larger, insulated International business earning three-quarters of group profit. — Spider Eyes Research and/or its principals hold a long position in Flutter Entertainment plc (FLUT). Not investment advice.Tue, 11 Aug 2026 00:00:00 GMTPosition ReviewNYSE: FLUThttps://spidereyes.co.uk/insights/intel-2026-08/https://spidereyes.co.uk/insights/intel-2026-08/Intel committed to its next node without a customer, bought out its most productive fab and guided capex higher — while closing or cancelling three plants. — Spider Eyes Research and/or its principals hold a long position in Intel Corporation (INTC). Not investment advice.Sat, 08 Aug 2026 00:00:00 GMTIntel Fab Watch · Issue 02NASDAQ: INTChttps://spidereyes.co.uk/insights/uber-technologies-2026-08/https://spidereyes.co.uk/insights/uber-technologies-2026-08/The market prices 6% perpetual cash flow growth for a business compounding bookings above 20%. Either something breaks it — or the shares are mispriced. — Spider Eyes Research and/or its principals hold a long position in Uber Technologies, Inc. (UBER). Not investment advice.Thu, 06 Aug 2026 00:00:00 GMTResearch NoteNYSE: UBERhttps://spidereyes.co.uk/insights/intel-2026-07/https://spidereyes.co.uk/insights/intel-2026-07/Manufacturing firsts are arriving on schedule while external foundry revenue stays at 1.3% of total — where the buildout stands as of mid-July 2026. — Spider Eyes Research and/or its principals hold a long position in Intel Corporation (INTC). Not investment advice.Fri, 17 Jul 2026 00:00:00 GMTIntel Fab Watch · Issue 01NASDAQ: INTChttps://spidereyes.co.uk/insights/adobe-2026-07/https://spidereyes.co.uk/insights/adobe-2026-07/Revenue grew 13% and AI-first ARR more than tripled, yet the shares trade at a five-year-low multiple, some 60% below their 2024 peak. — Spider Eyes Research and/or its principals hold a long position in Adobe Inc. (ADBE). Not investment advice.Wed, 08 Jul 2026 00:00:00 GMTInitiationNASDAQ: ADBEhttps://spidereyes.co.uk/insights/flutter-entertainment-2026-07/https://spidereyes.co.uk/insights/flutter-entertainment-2026-07/Valuing FanDuel against DraftKings and International against Entain implies about $137 a share against a $106 quote — if the margin squeeze is temporary. — Spider Eyes Research and/or its principals hold a long position in Flutter Entertainment plc (FLUT). Not investment advice.Sun, 05 Jul 2026 00:00:00 GMTResearch NoteNYSE: FLUT