PodcastThe Call from ausbizOctober 22, 2026
the call: Thursday 22 October
Fund managers favor Microsoft's spending discipline and Eli Lilly's GLP-1 growth over Netflix's maturity and McDonald's eroding value proposition.
- Meta double hold: Q3 revenue $64.5B (+26% YoY), ad clicks/margins up on AI, but $10B legal hit and uncapped spend worry both guests despite Reality Labs cap at $15B.
- Microsoft double buy: Both like free-cash-flow discipline versus hyperscaler peers; Mark would stagger buys ahead of Oct 28 earnings.
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Themes, sentiment and reasons are AI-written paraphrases, checked so they never quote an episode. They may contain errors. Not investment advice. Episodes remain the property of their creators.