The Week Oil Broke Everything: $BRK.B Sits on $397B, Spirit Dies, and GameStop Tried to Buy eBay
Your complete social sentiment recap: geopolitics broke the market, Berkshire changed eras, and GameStop proved it never got the memo
Ticker Ratings
| Ticker | Rating | Entry Price | Current | $ Gain | % Gain |
|---|---|---|---|---|---|
| PLTR Palantir Technologies Inc. | buy | $142.09 | — | — | — |
| AMZN AMAZON COM INC | buy | $272.12 | — | — | — |
| UPS UNITED PARCEL SERVICE INC | sell | $96.15 | — | — | — |
| GME GameStop Corp. | sell | $23.51 | — | — | — |
| EBAY EBAY INC | hold | $108.36 | — | — | — |
| IBM INTERNATIONAL BUSINESS MACHINES CORP | hold | $229.89 | — | — | — |
| UAL United Airlines Holdings, Inc. | hold | $90.08 | — | — | — |
| DAL DELTA AIR LINES, INC. | hold | $68.63 | — | — | — |
| AAL American Airlines Group Inc. | hold | $11.80 | — | — | — |
| JBLU JETBLUE AIRWAYS CORP | hold | $4.82 | — | — | — |
| LUV SOUTHWEST AIRLINES CO | hold | $38.24 | — | — | — |
| NKE NIKE, Inc. | hold | $43.21 | — | — | — |
| ADBE ADOBE INC. | hold | $253.21 | — | — | — |
| MAT MATTEL INC /DE/ | buy | $14.90 | — | — | — |
Let's set the scene: the Strait of Hormuz is a warzone, WTI closed above $106/barrel with Brent cracking $114, Spirit Airlines is permanently grounded after 34 years, and somewhere in a boardroom, someone at $GME said 'hear me out — $55 billion for eBay.' This was the week that broke the vibes and tested every portfolio thesis simultaneously. The S&P dropped, the 30-year Treasury yield crept toward 5%, and Jim Cramer warned oil could hit $110–$120 if the conflict escalates further — which, based on bulk carriers getting attacked near Hormuz, seems more likely than not.
Meanwhile, the real story was in Omaha. Greg Abel officially took the wheel at $BRK.B, presiding over $397B in cash and 18% YoY earnings growth. Buffett — now just a shareholder, bless his heart — called this market 'a church with a casino attached' and said it's not ideal to deploy capital. When the man sitting on $397 billion is shrugging at opportunities, that's a vibe check for everyone. On the AI front, Amazon CEO Andy Jassy called AI 'the biggest technology transformation of our lifetimes' and backed it with a ~$200B capex commitment, while $PLTR posted 85% revenue growth to $1.63B — its fastest since IPO — driven by DoD contracts in the Iran conflict.
The paper-versus-physical oil spread hit a $35 gap (Brent futures ~$100, dated Brent physical ~$130+), which one creator called the largest ever recorded — and that gap is now eating airline margins, doubling chemical input costs at Berkshire subsidiaries, and sending NetJets fuel from $5.40 to $7.00 a gallon. The chaos is real, the rotation into energy and defense is real, and apparently so is the GameStop-eBay cinematic universe. We simply live here now.