BUSINESS

As the weather in New York City finally breaks from the heat waves seen earlier in the summer, many are craving autumnal scenes of trees in different hues of red, orange and yellow lining a long highway to picturesque towns and (at least in one’s imagination) a more tranquil lifestyle.

Multiple parts of New York State is associated with a long fall foliage season lasting from late September to what in some cases can be as late as early November. While Central Park in Manhattan is also known for its stunning fall tree colors, those looking for an autumnal getaway will typically go farther upstate for more bucolic scenery: the Hudson Valley for the shortest getaways from the city and all the way up to the Finger Lakes and farther up north to Lake Ontario and the Canadian border.

For the perfect blend of being within a reasonable drive and far enough away to feel like a true getaway, The Catskills in the southeast of the state and just west of the Hudson River has attracted leaf-peepers for centuries.

How to get to and where to stay on a Catskills fall foliage trip

With fall foliage on the region’s sugar and red maples as well as different varieties of oak typically peaking in early October, the region that encompasses Greene, Ulster, Sullivan, and Delaware counties brings in hundreds of thousands of visitors during the early fall period every year.

Most will typically make the roughly 120-mile drive from New York City or a significantly longer one from other parts of the Northeast while towns such as Phoenicia, Woodstock (made forever famous as the site of the 1969 festival), Livingston Manor and Callicoon Hills are the most popular bases from which to explore the surrounding scenic roads and forests. All offer ample choices for booking a stay in a bed-and-breakfast, boutique hotel or Airbnb.

Related: September and October are no longer the cheap time to book that trip

For those looking for the infrastructure of a large resort, the Resorts World Catskills in Monticello is an 18-story tower many of whose 334 rooms provide panoramic views of the endless trees of the nearby Forest Reserve at Smallwood as they switch colors.

The property opened in 2018 as an integrated casino resort featuring a 100,000-square-foot gaming floor and over 110 table games and 2,150 slot machines. Other amenities that attract visitors include the 18-hole Monster Golf Course, a spa and pool area and the 2,500-seat live entertainment venue RW Epicenter.

As such, the property has become somewhat of a regional hub for those interested in gambling as well as those passing through the area for everything from leaf-peeping in the fall to summer escapes and tours of the original Woodstock location at the Museum at Bethel Woods.

Monitcello is one of the gateways to autumnal scenery in The Catskills.Getty

Leaf-peeping season prices will soar: how to score hotel and accommodation deals

During the peak fall foliage season, hotel and vacation property rooms that during other parts of the year average at $150 per night can soar to over $500 on the weekends due to high popularity.

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September and October are no longer the cheap time to book that trip

As the exact moment the tree colors change enough to create the striking effect comes on suddenly from year to year, the I Love New York tourism board has an annual tracker showing when fall foliage peaks in different parts of the state.

Numerous similar trackers for specific regions can be invaluable for arboreal professionals and those looking to see fall foliage at its very peak but, for everyone else, booking early during typical range dates is the best way to avoid being priced out as we get closer to the season.

While driving around is the best way to take take in autumnal scenes that can be spread out across a sprawling region, another option for those coming in from the city without a car are day cruises up The Hudson River as well as various bus tours taking tourists along various scenic rides during the season.

Related: An American town best known for wine is becoming a foodie destination

Looking for help with today’s New York Times Wordle? Here are some expert hints, clues and commentary to help you solve today’s Wordle and sharpen your guessing game.

Roger Federer Entered the International Tennis Hall Of Fame as contemporaries Novak Djokovic, Stan Wawrinka, Serena Williams, and Venus Williams, play in the U.S. Open.

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I Want Your Sex, an indie erotic comedy thriller starring Olivia Wilde, Cooper Hoffman and Charli xcx, debuts on digital streaming this week after a limited run in North American theaters.

SpaceX (SPCX) stock investors have been taken on a choppy round trip since going public on June 12, 2026, with the stock touching a high of $225.64 before retreating to $137.95, back near its debut price. 

The pullback hasn’t slowed CEO Elon Musk’s ambitions, though. SpaceX’s engines have barely stopped humming since its IPO, and the newest development, as reported by Fortune,  is a planned $100 billion Starbase complex in southern Louisiana that might become its largest launch facility. In a research note shared with TheStreet, Morgan Stanley analyst Adam Jonas says he feels investors are overlooking what the extraordinary commitment really signals.

The decade-long project could feature up to 10 launch pads, along with propellant production, energy generation, vehicle processing facilities, and employee-related housing.

Construction is forecast to begin in 2027, with the first launches targeted for 2029. The sheer scale gives SpaceX far greater launch capacity as it pushes Starship from testing toward commercial use operations. 

Its stock is now sitting comfortably below its 52-week peak, leaving investors to decide if the retreat reflects caution over a growing disconnect between the stock and SpaceX’s plans.

Jonas believes Louisiana points to more than another rocket base, linking the site to an overlooked opportunity for SpaceX.

Morgan Stanley sees bigger opportunity in SpaceX’s $100 billion bet 

Jonas believes investors need to reconsider SpaceX stock as the company prepares a massive expansion of its launch infrastructure. 

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He maintained an Overweight rating and $300 price target. Compared with SpaceX’s August 25 closing price of $137.95, that target implies 117% upside, enough for the stock to more than double.

According to Jonas, what stands out is investors’ underestimation of what SpaceX is developing around Starship. He believes the Louisiana announcement suggests SpaceX might be planning far more launches than the bank’s forecasts assume. 

The firm’s modeling projects nearly 5,800 Starship launches annually by 2040, averaging around 16 launches per day. Assuming each pad supports a couple of launches daily, SpaceX might require just eight pads to reach that forecast.

Yet Morgan Stanley identified 15 planned Starship pads: 10 in Louisiana, two in Texas, and at least three in Florida. Put simply, SpaceX doesn’t need the entire Louisiana complex to meet Morgan Stanley’s aggressive 2040 projections.

That raises the question, though, what does SpaceX expect to launch?

Morgan Stanley doesn’t believe consumer connectivity alone could absorb that capacity. The global satellite-broadband market might become much more saturated before SpaceX fully utilizes all 10 Louisiana pads. Instead, the bank expects orbital computing to account for over 80% of its projected launches beginning in 2032.

A lot of that thesis is dependent on Starship switching up the economics of reaching orbit.

Starship can carry over five times the maximum payload of Falcon 9 and is designed to be fully reusable. Morgan Stanley expects its launch cost to drop to nearly $500 per kilogram by 2030, below $200 by 2035, and below $150 by 2040. That compares with an estimated Falcon 9 variable cost of around $1,000 per kilogram in 2025.

Morgan Stanley says SpaceX’s $100 billion Louisiana complex could unlock substantial upside Jared Siskin/Patrick McMullan via Getty Images

Starship faces its biggest test before orbital AI can scale 

Nevertheless, recovering a Starship is only the first step, and the bigger test is how swiftly the vehicle can be inspected, refurbished, and launched again.

The upper-stage ship faces a lot of heat and mechanical pressure as it enters the atmosphere again, which makes it a lot more difficult to reuse than the booster. 

Morgan Stanley’s model assumes limited ship reuse in its early years before jumping to approximately 43 flights per ship by 2040. The bank assumes boosters will soon reach about 130 flights each.

Those are major improvements, but SpaceX doesn’t exactly need to achieve them immediately. Morgan Stanley believes Starship’s payload capacity will reduce costs meaningfully even before the upper stage becomes routinely reusable.

On top of that, launch cadence might matter even more than cost. A single Starship flight is expected to deploy just a single-digit number of megawatts of computing equipment. Building several gigawatts of orbital capacity entails thousands of launches.

That makes the Louisiana complex a lot more consequential as it supplies the launch infrastructure that’s required to make orbital AI possible at scale.

SpaceX is already working on this transition.

The company has wrapped up what it described as its final Falcon 9 Starlink launch from Florida, with future Florida-based Starlink missions likely to move to Starship. Morgan Stanley estimates one Starship flight might carry as much as 25 times the downlink capacity of a Falcon 9 mission.

What should SpaceX investors do now?

Morgan Stanley is telling investors to revisit SpaceX stock, which is trading near its IPO price of $135, as its current price isn’t reflective of its orbital AI potential.

The bank estimates that every incremental gigawatt of nameplate computing capacity could potentially add nearly $27 per share, or around 20% of SpaceX’s current stock price. That calculation assumes $50 in value per watt, a 70% incremental margin, and a 10-times EBITDA valuation.

Jonas is valuing the company at nearly 10-times projected fiscal 2028 sales and 25 times EBIT, forecasting revenue growth of 70% and EBIT growth of 113%. Moreover, the bank’s current share price assigns just a low-single-digit multiple to enterprise AI and effectively zero value to orbital computing.

Moreover, Morgan Stanley expects 4.9 gigawatts of AI computing capacity by the end of fiscal 2027, compared with a far loftier SpaceX target of close to 10 gigawatts. So there’s an incredible gap that illustrates the upside if SpaceX executes much more quickly than the bank expects. 

Nevertheless, it remains a tall order for a company that’s being valued at over 1,607-times forward non-GAAP earnings, which is 11,637% higher than the sector median according to Seeking Alpha.

For current shareholders, the research note backs maintaining exposure while looking at three critical proof points, including Starship launch frequency, vehicle turnaround time, and growth in enterprise-AI capacity. 

For investors considering the stock, the $300 target for Morgan Stanley comes with remarkably high execution and financing risk. It’s important to understand that the $100 billion Louisiana commitment isn’t self-funding. Also, Morgan Stanley’s broader model assumes SpaceX will be relying partly on an estimated $80 billion in average annual net debt issuance as investment accelerates.

The bull case involves multiple developments happening in tandem.

Starship needs to become dependable and reusable. Launch frequency has to rise from dozens to thousands annually. Moreover, AI customers need to be willing to pay premium prices for scarce computing capacity, while capital markets need to continue financing SpaceX before the economic payoff becomes visible.

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TheStreet aims to feature only the best products and services. If you buy something via one of our links, we may earn a commission.Creating a home that’s both cozy and chic takes a few key elements. Charming furniture, home decor, and floor coverings are a good start, but there’s one component that’s often overlooked — the lighting. Glaring and bright white overhead lights can be harsh, while a space lacking in light can feel dark and cramped. Finding lighting that’s effective while also providing the right vibes is key.

You don’t need to look too far for this ideal lighting fixture, because one option shoppers call “cute and practical” is currently on sale at Amazon. The Kakanuo Cordless Table Lamps, which come in a set of two, have been discounted to just $20 for a limited time. That equals $10 per lamp, which is a rare deal, especially for designs of this caliber.

Kakanuo Cordless Table Lamps, $20 (was $24) at Amazon

Courtesy of Amazon

Shop at Amazon

Cordless table lamps are the perfect accent lighting, mainly because they don’t have the inconvenient cord found on traditional fixtures. These lights use an LED bulb that’s rechargeable via the built-in USB port. Offering a large 5000 milliampere-hour battery, the light can run 8 to 40 hours (depending on the brightness) without needing to be recharged.

The sleek black lamps don’t just look modern and trendy; they’re extremely functional. Depending on the mood you want to set, you can choose from three lighting modes, including a bright, cool white, a warm, golden light, or a more neutral hue between the two. In addition to this, by holding down the touch button, you can set the brightness levels anywhere between 5% and 100% power.

One shopper wrote, “I absolutely love these lamps! The design is quite attractive and reminds me of similar lamps I saw in many restaurants in Italy last year. There is infinite dimming simply by touching and holding the control button. Super simple and super effective!”

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The possibilities for using these table lamps are endless. You can use them as matching accent lamps in the living room, as mood lighting for a den, or as a kitchen light at nighttime. Since they’re waterproof, you can also use them outside or in humid spaces. On top of that, they can be assembled at two different heights, 14.7 inches tall or 9.3 inches tall, to fit in a variety of spaces.

One reviewer said, “These are perfect for when power goes out or you want lights that are easy to use in multiple locations. They provide plenty of light in rooms and are easy to charge. We have a set in our living room and one in our office. They charged quickly, and we love that you can move them around to where you need extra light. We’ve also used them outside at night, and they work great.”

The majority of shoppers have given these lamps the maximum five-star rating. Some reviewers were short and sweet, like one customer who wrote, “We love the ambiance these lights provide.” Another shopper said, “These are awesome little lights! They give off a great glow and are rechargeable. The battery lasts a pretty long time, they are dimmable, easy to set up, and have a nice weight and feel.”

The possibilities for using these table lamps are endless. You can use them as matching accent lamps in the living room, as mood lighting for a den, or as a kitchen light at nighttime. Since they’re waterproof, you can also use them outside or in humid spaces. On top of that, they can be assembled at two different heights, 14.7 inches tall or 9.3 inches tall, to fit in a variety of spaces.

One reviewer said, “These are perfect for when power goes out, or you want lights that are easy to use in multiple locations. They provide plenty of light in rooms and are easy to charge. We’ve also used them outside at night, and they work great.”

The majority of shoppers have given these lamps the maximum five-star rating, so it’s no surprise that they’re a popular pick. So much so that more than 5,000 sets have sold within the past 30 days. And with this deal in place, we don’t see those numbers stopping anytime soon.

Do yourself a favor and bring some light into your life by adding these adorable Kakanuo Cordless Table Lamps to your cart while they’re just $20 for the pair.

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Anytime a stock jumps 20% in a single session after earnings, Wall Street analysts have a choice to either chase the move or hold their ground. Morgan Stanley chose the latter.

Elastic (ESTC) closed the week ended Aug. 28 at $99.91, up 19.31% following its Aug. 27 first-quarter fiscal 2027 earnings release, according to Yahoo Finance. 

The jump isn’t just about one strong quarter. Elastic is riding two trends that are becoming hard for businesses to ignore: the rapid rise of artificial intelligence (AI) and the growing need to make sense of all the data companies collect. That’s where Elastic comes in.

Its platform helps companies search, analyze, and visualize data across cloud, private, and hybrid environments, increasingly giving businesses the tools to put AI to work. Many refer to it as the Google of corporate search.

The 14-year-old Elastic beat guidance across every key metric, raised its full-year outlook, and delivered record customer additions in its highest-value cohort.

Morgan Stanley reviewed the results in a note shared with me at TheStreet.

The note’s headline, “Now That’s More Like It,” was unusually candid for a firm maintaining a neutral stance. Morgan Stanley raised its price target to $75 from $66 while keeping its Equal-weight rating. 

With the stock already trading at $99, Morgan Stanley is essentially saying that, although it’s a great quarter, they are not chasing it here.

Also Read: Elastic N.V. Latest News and Stories

What Elastic actually reported and the numbers behind the 19% pop

As mentioned, the Q1 fiscal 2027 results, reported Aug. 27, were strong across every metric that matters for an enterprise software company.

Total revenue of $478 million grew 15% year over year. (YoY)

Cloud revenue of $235.2 million grew 20% on a constant-currency basis, accelerating from 19% in Q4. 

Sales-led subscription revenue of $398.5 million grew 17% on a Constant-currency basis, accelerating from 16% in Q4. 

Current remaining performance obligations grew 21% year over year to $1.153 billion.

Total RPO grew 27% YoY to $1.854 billion. Adjusted free cash flow was $143 million.Source: Elastic first-quarter fiscal 2027 results

One customer metric stands out. Elastic added 80 customers with more than $100,000 in annual contract value sequentially, the highest net addition quarter on record. The cohort now totals more than 1,800 customers, up 16% year over year.

“AI is reshaping the enterprise technology stack,” said CEO Ash Kulkarni in the earnings statement. “Our record quarter-over-quarter net customer additions reflect the durability of that demand.”

Full-year fiscal 2027 revenue guidance was raised by approximately $12 million, between $1.998 and $2.010 billion, exceeding the $9 million first-quarter beat. Management said they expect acceleration in the second half, with Q4 carrying the highest year-over-year growth rate.

What Morgan Stanley liked on Elastic and what it is still waiting on

Morgan Stanley’s note was quite specific about both the positives and its remaining hesitation.

On the positive side, Morgan Stanley likes cloud acceleration to 20% constant currency despite a tough year-over-year comparison, sales-led subscription growth accelerating for the second consecutive quarter, a strong pipeline from recent go-to-market investments, and a fiscal 2027 guidance raise that exceeded the Q1 beat.

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The specific callout on Elastic’s business mix is this. Management cited Search and Security as growing above the overall company growth rate, while Observability is growing more slowly.

Morgan Stanley flagged that it wants to see more traction in Observability specifically before gaining confidence in a multi-year acceleration. That is the one missing piece preventing the firm from upgrading.

The key concern is familiar in enterprise software: Consumption-based cloud revenue is notoriously difficult to extrapolate. 

Bears point to Elastic’s history of one-off acceleration quarters that failed to sustain. Bulls point to the contracted backlog already sitting in the cRPO balance that provides revenue visibility for the sales-led subscription segment.

“A cc accel across rev, cloud and sales-led subscription plus a raise to the FY27 rev outlook that was initially deemed aggressive should get rewarded,” Morgan Stanley wrote. “The debate ahead is whether the cloud accel is fundamentally durable and we are not yet convinced on that front.”

Morgan Stanley flagged that it wants to see more traction in Observability before gaining confidence in a multi-year acceleration for Elastic.Michael Nagle/Bloomberg via Getty Images

The AI product momentum that gives Elastic’s bull case its foundation

Let’s step out of financials for a minute. Elastic’s product announcements during Q1 show that it has found its footing in the AI infrastructure stack.

The company delivered general availability of native Prometheus and PromQL support, introduced Columnar Mode for analytics workloads, launched VectorDB index mode for instant vector search, and introduced an agentic Kubernetes investigation workflow. 

In security, Attack Discovery and Alert Zero both advanced, targeting the AI-powered security operations center. Elastic also unveiled its collaboration with OpenAI to bring advanced reasoning models with governed enterprise context into Elasticsearch.

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The Gartner recognition validates the progress. Elastic became a leader in the Observability Platforms Magic Quadrant for the third consecutive year, and in the IDC MarketScape for SIEM 2026, according to Elastic’s Q1F27 results.

The Deductive AI acquisition, which brings AI-powered production issue investigation to Elastic Observability, addresses the one segment Morgan Stanley is still watching.

What’s going on with Elastic stock performance?

ESTC is up 32.44% year to date and 13.81% over the past year, according to Yahoo Finance. Morgan Stanley’s $75 price target implies the stock has run meaningfully ahead of where the firm is comfortable endorsing it at this stage of the acceleration debate. 

My read of that stance is that the quarter was genuinely impressive and that the setup for 2H is credible. Yet a 19% single-day move takes the stock well above the valuation that Morgan Stanley is willing to support with an Overweight.

For investors willing to bet that the cloud acceleration is durable rather than a one-off, Elastic’s Q1 gave the bull case its strongest evidence. Morgan Stanley is encouraged by the strong start to FY27, but is asking for one more quarter of proof before it agrees.

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