Keeping It Simple

[eastunder]

META on earnings 493.50 close 4/24

400.50 gap up (on last earnings 2/1/24)
Gapping down with cpps Pre trade 419.30



(Finviz name blooper. wonder if they will ever fix that? Charts correct though)

[eastunder]

GOOGL / AMZN to gap down

GOOGL reports 4/25 A AMZN 4-30A
TrK to RB HS sold on CP's:
93Lo/85Lo
143.18 gap/159.76 gap
159.13/176.59 close 4/25
152.00/171.00 pretrade
CP was on 4/15

GOOGL 154.93 (131's) 200,100, 50,100/300,150,0,100,150,150


AMZN 183.86(153's) 100,75,75,75,/100,75,0,75,75,75

[eastunder]

Teradyne (TER) reported earnings of $0.51 per share on revenue of $599.82 million for the first quarter ended March 2024. The consensus earnings estimate was $0.33 per share on revenue of $566.46 million. The Earnings Whisper number was $0.37 per share. The company beat expectations by 37.84% while revenue fell 2.87% compared to the same quarter a year ago.The company said it expects second quarter earnings of $0.64 to $0.84 per share on revenue of $665.0 million to $725.0 million. The current consensus earnings estimate is $0.66 per share on revenue of $635.91 million for the quarter ending June 30, 2024.

[eastunder]

Earnings 4-24-24


TER 4-24 A

MSFT 4-25 A
GOOGL 4-25 A
INTC 4-25 A
RKT 4-25 A
ROKU 4-25 A

ROP 4-26 B
CVX 4-26 B

RIG 4-29 A
RMBS 4-29 A

MMM 4-30 B
PYPL 4-30 B
KO 4-30 B
MCD 4-30 B
SBUX 4-30 A
AMZN 4-30 A
SMCI 4-30 A

QCOM 5-1 A

AAPL 5-2 A
SQ 5-2 A

PLTR 5-6 A

DIS 5-7 B
BP 5-7 B
TOST 5-7 A
UPST 5-7 A
RNG 5-7 A
TWLO 5-7 A

SHOP 5-8 B
PERI 5-8 B
TTD 5-8 A

RBLX 5-9 B

HD 5-14 B

CSCO 5-15 A

WMT 5-16 B

NVDA 5-22 A
________________________________________________________

Ford Motor (F) reported earnings of $0.49 per share on for the first quarter ended March 2024. The consensus earnings estimate was $0.42 per share on revenue of $40.64 billion. The Earnings Whisper number was $0.48 per share. The company beat expectations by 2.08%.

Meta Platforms (META) reported earnings of $4.71 per share on for the first quarter ended March 2024. The consensus earnings estimate was $4.32 per share on revenue of $36.15 billion. The Earnings Whisper number was $4.51 per share. The company beat expectations by 4.43%.

AT&T (T) reported earnings of $0.55 per share on revenue of $30.03 billion for the first quarter ended March 2024. The consensus earnings estimate was $0.53 per share on revenue of $30.54 billion. The Earnings Whisper number was $0.53 per share. The company beat expectations by 3.77% while revenue fell 0.37% compared to the same quarter a year ago.The company said it continues to expect 2024 earnings of $2.15 to $2.25 per share. The current consensus earnings estimate is $2.21 per share for the year ending December 31, 2024.

RTX (RTX) reported earnings of $1.34 per share on revenue of $19.31 billion for the first quarter ended March 2024. The consensus earnings estimate was $1.23 per share on revenue of $18.41 billion. The Earnings Whisper number was $1.26 per share. The company beat expectations by 6.35% while revenue grew 12.15% on a year-over-year basis.The company said it continues to expect 2024 earnings of $5.25 to $5.40 per share on revenue of $78.0 billion to $79.0 billion. The current consensus earnings estimate is $5.39 per share on revenue of $78.6 billion for the year ending December 31, 2024.

Tesla (TSLA) reported earnings of $0.45 per share on revenue of $21.30 billion for the first quarter ended March 2024. The consensus earnings estimate was $0.49 per share on revenue of $22.71 billion. The Earnings Whisper number was $0.41 per share. The company beat expectations by 9.76% while revenue fell 8.69% compared to the same quarter a year ago.

Netflix (NFLX) reported earnings of $5.28 per share on revenue of $9.37 billion for the first quarter ended March 2024. The consensus earnings estimate was $4.51 per share on revenue of $9.25 billion. The Earnings Whisper number was $4.61 per share. The company beat expectations by 14.53% while revenue grew 14.81% on a year-over-year basis.The company said it expects second quarter earnings of approximately $4.68 per share on revenue of approximately $9.49 billion. The current consensus earnings estimate is $4.53 per share on revenue of $9.53 billion for the quarter ending June 30, 2024.

________________________________________________________________________________________________________________________

ABNB
AI
DOCU
FDX
FIZZ
IRBT
MESA
NKE
PATH
PD
PLUG
ZM

[OldAIMGuy]

Hi EU, Re: TSLA moves......................

Here's TSLA share price ratio'd to Ford for the last three years.

https://schrts.co/HmFzJEuW

Maybe there's a way to trade them as a paired set? Right now that might suggest selling some Ford shares and adding to the TSLA share pile. Then, wait for the trends to reverse and shuffle TSLA shares out and add to the F position. The F side hands out a ~5% yield while you wait.

They're not perfectly paired since they both belong to the same industry, but it looks like some possibilities.
https://stockcharts.com/freecharts/perf.php?TSLA,F&n=821&O=011000

Maybe play then like a Slinkie. One is up and shift some of the slinkie from one hand to the other. Then let the Slinkie handle them in the opposite direction. Average yield if each position was 50% to start would be nearly 2.5%. Let one's good days help pay for the other's bad days.

Whaddya think?

Best wishes,
OAG Tom

[eastunder]

AT&T (T) reported earnings of $0.55 per share on revenue of $30.03 billion for the first quarter ended March 2024. The consensus earnings estimate was $0.53 per share on revenue of $30.54 billion. The Earnings Whisper number was $0.53 per share. The company beat expectations by 3.77% while revenue fell 0.37% compared to the same quarter a year ago.The company said it continues to expect 2024 earnings of $2.15 to $2.25 per share. The current consensus earnings estimate is $2.21 per share for the year ending December 31, 2024.

[eastunder]

RIG

Cpps @ 5.76 4/24/24
146rgs/RB to TP started

  CP:  12500  5000  5000  7500   2500  250  250  / 11250  5000  2000  2000  5000  5000           
  NB:  2500   1000  1000  1000     0   250  250  / 1250   1000  1000  1000  1000  1000           
  TP:  20000  10000 10000 10000  2500  500  500  / 20000  10000 5000  10000 10000 10000

[eastunder]

RIG cpps 5.72

5d 5.74
50d 5.66

[eastunder]

TSLA Gap 147.26

[eastunder]

AMZN Gap 159.76, GOOGL Gap 143.18, SQ Gap at 68.44


TWLO Gap 54.43, 51.24 / PLTR Gap 17.87/AAPL 158.49


DOCU Gap 54.11 / RBLX Gap at 32.12/TSLA 147.26


PYPL 54.72 / SHOP 62.41

[eastunder]

Tesla puts bleak Q1 results in rearview mirror by accelerating timeline for affordable EVs
09:59:08 AM ET, 04/24/2024 - Briefing.com

For the third consecutive quarter, Tesla (TSLA) fell short of EPS estimates while revenue in Q1 declined by 8.7% yr/yr to $21.3 bln, also missing expectations and representing the EV maker's first sales decrease since 2Q20. Yet, TSLA shares are charging higher today, registering some much-needed gains after the stock's 43% year-to-date plunge.

The rebound is partly attributable to the muted expectations surrounding this earnings report and the simple fact that this weak quarter is now in the rearview mirror. After TSLA reported disappointing Q1 deliveries on April 2, followed by news of steep shipment declines at its Shanghai facility and a fresh round of price cuts in the U.S., a dismal quarterly report was essentially a given. Now that it's in the books, investors can set their sights on more positive developments.On that note, TSLA disclosed in its Q1 shareholder letter that it has "updated our future vehicle line-up to accelerate the launch of new models ahead of our previously communicated start of production in the second half of 2025." This future vehicle line-up will include the highly anticipated affordable "Model 2", which is expected to have a price tag under $30,000.The update comes as a pleasant surprise because back on April 5, Reuters reported that TSLA was looking to scrap plans to build its mass-market car mainly due to rising competition in China. Indeed, in the weeks leading up to last night's Q1 earnings report, it appeared as if Elon Musk had shifted gears as he focuses on launching a robotaxi in the 2025/2026 timeframe.

On April 8, Musk looked to spark some excitement for the robotaxi, announcing that it will be unveiled on August 8.However, investors weren't taking the bait as the prospects of TSLA cancelling plans to launch Model 2 forced analysts to rethink their EPS and revenue expectations for FY26 and beyond. Now, TSLA hasn't just put Model 2 back on the table, but it has also sped up the timeline, aiming to begin production ahead of its previously communicated start in 2H25. Of course, given Musk's propensity of being overly optimistic regarding new product launches, this should be taken with a grain of salt.Nevertheless, TSLA confirming that Model 2 is still in the works comes as a relief and helps change the bearish narrative that has enveloped TSLA this year. With a legitimate growth catalyst on the horizon, that TSLA believes will enable more than 50% growth over 2023 production, the focus turns away from a Q1 that was quite dismal.Driven by eroding ASPs, gross margin decreased again, slipping by 20 bps qtr/qtr and by 199 bps yr/yr to 17.4%. Meanwhile, operating expenses continue to climb higher, increasing by 37% yr/yr to $2.53 bln as TSLA ramps up its investments in AI infrastructure to enhance its FSD technology.

The main takeaway is that TSLA's Q1 results were weak across the board, but that was widely anticipated and largely baked into the stock. By disclosing its plans to accelerate the launch of more affordable vehicles, TSLA has swung the narrative back to a more bullish manner as the next significant growth catalyst is back on the table.

[eastunder]

ZM 61.62

[eastunder]

TSLA 144.68 close 4/23 Gap up tomorrow Curr + 16.74 (161.44) AH

139/176 HB for now

[eastunder]

ROKU 61.74 new gap 58.63

Gap filled and new gap 58.63

[eastunder]

Earnings 4-23-24

T 4-24 B
TER 4-24 A
META 4-24 A

MSFT 4-25 A
GOOGL 4-25 A
INTC 4-25 A
RKT 4-25 A
ROKU 4-25 A

ROP 4-26 B
CVX 4-26 B

RIG 4-29 A
RMBS 4-29 A

MMM 4-30 B
PYPL 4-30 B
KO 4-30 B
MCD 4-30 B
SBUX 4-30 A
AMZN 4-30 A
SMCI 4-30 A

QCOM 5-1 A

AAPL 5-2 A
SQ 5-2 A

PLTR 5-6 A

DIS 5-7 B
BP 5-7 B
TOST 5-7 A
UPST 5-7 A
RNG 5-7 A
TWLO 5-7 A

SHOP 5-8 B
PERI 5-8 B
TTD 5-8 A

RBLX 5-9 B

HD 5-14 B

CSCO 5-15 A

WMT 5-16 B

NVDA 5-22 A
________________________________________________________

RTX (RTX) reported earnings of $1.34 per share on revenue of $19.31 billion for the first quarter ended March 2024. The consensus earnings estimate was $1.23 per share on revenue of $18.41 billion. The Earnings Whisper number was $1.26 per share. The company beat expectations by 6.35% while revenue grew 12.15% on a year-over-year basis.The company said it continues to expect 2024 earnings of $5.25 to $5.40 per share on revenue of $78.0 billion to $79.0 billion. The current consensus earnings estimate is $5.39 per share on revenue of $78.6 billion for the year ending December 31, 2024.

Tesla (TSLA) reported earnings of $0.45 per share on revenue of $21.30 billion for the first quarter ended March 2024. The consensus earnings estimate was $0.49 per share on revenue of $22.71 billion. The Earnings Whisper number was $0.41 per share. The company beat expectations by 9.76% while revenue fell 8.69% compared to the same quarter a year ago.

Netflix (NFLX) reported earnings of $5.28 per share on revenue of $9.37 billion for the first quarter ended March 2024. The consensus earnings estimate was $4.51 per share on revenue of $9.25 billion. The Earnings Whisper number was $4.61 per share. The company beat expectations by 14.53% while revenue grew 14.81% on a year-over-year basis.The company said it expects second quarter earnings of approximately $4.68 per share on revenue of approximately $9.49 billion. The current consensus earnings estimate is $4.53 per share on revenue of $9.53 billion for the quarter ending June 30, 2024.

________________________________________________________________________________________________________________________

ABNB
AI
DOCU
FDX
FIZZ
IRBT
MESA
NKE
PATH
PD
PLUG
ZM

[eastunder]

RIG

Cpps @ 5.94 4/23/24
146rgs/RB to TP started

  CP:  12500  4000  3500  6500   2500   0    0  / 10000  4000  1500   1000  3500  3500          
  NB:  2500   1000  1500  1000     0   250  250 / 2500   1000  1500   1500  1500  1500          
  TP:  20000  10000 10000 10000  2500  500  500 / 20000  5000  10000  10000 10000 10000 

[eastunder]

SHOP 72.88

[eastunder]

SQ

Gap & 200d
Supports
First : 69.8
Second : 58.08

[eastunder]

Block Outlook Seen 'Favorable' With 'Attractive Opportunity' on Shares Before Q1 Results, BofA Says
11:55:30 AM ET, 04/22/2024 - MT Newswires
11:55 AM EDT, 04/22/2024 (MT Newswires) -- Block's (SQ) outlook is "favorable," and this year's pullback in shares presents a "particularly attractive opportunity" before Q1 results, BofA Securities said Monday in a note.

Gross profit in Q1 is expected to be in line with forecasts with 2024 guidance reiterated, BofA said. "Some EBITDA upside (flowed through to FY) would be a positive catalyst," the report said.

If [Block] can achieve its 2026 "Rule of 40" targets with mid-teens gross profit growth and mid-20% adjusted operating income margin, "we believe that shares could see significant multiple expansion," BofA said.

"Given ongoing expense discipline and a likely conservative margin guide," the company may raise its 2024 adjusted EBITDA and adjusted operating income outlook again, BofA said. "We tweak up our 2024 EBITDA estimate to $2.66 billion from $2.64 billion."

BofA reiterated its buy rating on Block with a price objective of $93. The company's results are scheduled for May 2.

[eastunder]

SQ cpps 71.60 4/22 close
RB tgts: earnings gap (68.44) & 200 day (cur 64.48)

Next earnings 5/2 A
RGs 84k & rb to 1000,500,500,500/1000,500,500,500,500,500

Open Gaps
Direction Date range
up Feb-23-2024 68.44 to 78.47 Earnings Gap
up Feb-22-2024 65 to 65.65
up Nov-15-2023 55.33 to 55.45
up Nov-14-2023 52.21 to 53.82
up Nov-03-2023 44.1 to 48.4
up Nov-02-2023 41.1 to 42.78

[eastunder]

XRX

4-22-24

16.40

Xerox holdings (Nasd: XRX)

SEC, nasdaq, ShortSqueeze

Finviz, StockTA, Stoxline,

Dividend History

[eastunder]

RIG cpps 5.84

[eastunder]

TSLA Gap for track: ✔️146.41 next 133.51,122.63,114.39 gaps
(101.81 low 1/6/23)

[eastunder]

INTC

4-21-24

34.20

Intel(Nasd: INTC)

SEC, nasdaq, ShortSqueeze

Finviz, StockTA, Stoxline,

Dividend History

[eastunder]

CSCO

4-21-24

48.32

Cisco Systems (Nasd: CSCO)

SEC, nasdaq, ShortSqueeze

Finviz, StockTA, Stoxline,

Dividend History

[eastunder]

WBA

4-21-24

18.24

Walgreen Boots Alliance (Nasd: WBA)

SEC, nasdaq, ShortSqueeze

Finviz, StockTA, Stoxline,

Dividend History

[eastunder]

Earnings 4-21-24

RTX 4-23 B
TSLA 4-23 A

T 4-24 B
TER 4-24 A
META 4-24 A

MSFT 4-25 A
GOOGL 4-25 A
INTC 4-25 A
RKT 4-25 A
ROKU 4-25 A

ROP 4-26 B
CVX 4-26 B

RIG 4-29 A
RMBS 4-29 A

MMM 4-30 B
PYPL 4-30 B
KO 4-30 B
MCD 4-30 B
SBUX 4-30 A
AMZN 4-30 A
SMCI 4-30 A

QCOM 5-1 A

AAPL 5-2 A
SQ 5-2 A

PLTR 5-6 A

DIS 5-7 B
BP 5-7 B
TOST 5-7 A
UPST 5-7 A
RNG 5-7 A
TWLO 5-7 A

SHOP 5-8 B
PERI 5-8 B
TTD 5-8 A

RBLX 5-9 B

HD 5-14 B

CSCO 5-15 A

WMT 5-16 B

NVDA 5-22 A
________________________________________________________

Netflix (NFLX) reported earnings of $5.28 per share on revenue of $9.37 billion for the first quarter ended March 2024. The consensus earnings estimate was $4.51 per share on revenue of $9.25 billion. The Earnings Whisper number was $4.61 per share. The company beat expectations by 14.53% while revenue grew 14.81% on a year-over-year basis.The company said it expects second quarter earnings of approximately $4.68 per share on revenue of approximately $9.49 billion. The current consensus earnings estimate is $4.53 per share on revenue of $9.53 billion for the quarter ending June 30, 2024.

________________________________________________________________________________________________________________________

ABNB
AI
DOCU
FDX
FIZZ
IRBT
MESA
NKE
PATH
PD
PLUG
ZM

[eastunder]

RBLX Gap at 32.12

curr pps 35.34

[eastunder]

DOCU Gap 54.11 and 41.42

cpps 55.70
200d curr 50.98

[eastunder]

PLTR Gap 17.87 and 14.96 cpps 20.47

[eastunder]

SHOP







Trend Analysis
SHOP appears to be correcting within a longer-term bullish trend. Although its MACD is presently below the signal line, shares remain above an upwards sloping 200-day moving average. Comparative Relative Strength analysis shows that this issue is lagging the S&P 500.

Momentum
Momentum for SHOP is strongly bearish. The 14-period Slow Stochastic oscillator is below 20, the level which many analysts call oversold. This means that investors have been actively selling shares and driving the price lower.

Volume
Today's volume is on track to be heavier than usual, with 4,373,996 shares having traded so far. The On Balance Volume indicator (OBV) is bearish. The slope of the indicator is negative and suggests that there is a lack of buying interest.

Volatility
Bollinger Bands® use standard deviation of the closing price around a moving average to measure volatility. The Bollinger Bands® are presently wider than usual, as a result of greater than normal volatility that accompanied the recent price move. Events such as this may precede a pause or reversal in the near term trend.

[eastunder]

Shopify's Key Metrics May Exceed First-Quarter Expectations, RBC Says
15:38:14 PM ET, 04/18/2024 - MT Newswires
03:38 PM EDT, 04/18/2024 (MT Newswires) -- Shopify's (SHOP) key metrics likely trended positively in the first quarter amid vendor demand for premium services and an acceleration in US consumer spending, RBC Capital Markets said Thursday.

Monthly recurring revenue, or MRR, will likely meet or exceed consensus expectations in the first quarter amid continued momentum in premiere services Shopify Plus and POS, its system for taking in-person card payments, RBC analyst Paul Treiber said.

The brokerage, which reiterated an outperform rating and a $100 price target on the stock, said data from several third-party sources suggest a "healthy uptake" of the subscription services.

Websites using Shopify Plus likely increased 59% year over year to 42,000 in the first quarter, data from BuiltWith showed. Sensor Tower data pointed to a 78% year over year increase in Shopify POS app monthly active users, accelerating from the fourth quarter's annual rate.

Their momentum gives "us increased confidence that Shopify will meet our outlook for MRR to increase 32% (year over year in the first quarter), which is slightly above consensus at 29%," Treiber said. Plus price increases go into effect for existing merchants on April 24.

Based on Census Bureau data showing US e-commerce spending rose 8.7% year over year in the first quarter, Shopify's gross merchandise volume, or GMV, would be up 23.8% on an annual basis to $61.4 billion in the first quarter, outperforming the consensus' $59.9 billion, RBC said.

The brokerage is guiding for first-quarter revenue of $1.86 billion, implying growth from $1.51 billion the year earlier and above the $1.84 billion average analyst estimate on Capital IQ. Adjusted earnings per share is seen climbing $0.14 year over year in RBC's model to $0.15, which is below the $0.17 consensus.

"We believe Shopify is one of the most compelling growth stories in our coverage," Treiber said. The stock is trading at multiples that are below both its three-year pre-COVID average and fast-growing software-as-a-service peers.

[eastunder]

--Morgan Stanley Upgrades Shopify to Overweight From Equalweight, Lifts Price Target to $85 From $74, Sees Room for More Operating Leverage

--Loop Capital Adjusts Shopify's Price Target to $80 From $88, Keeps Hold Rating

--Baird Adjusts Price Target on Shopify to $87 From $85, Keeps Outperform Rating

[eastunder]

Earnings 4-19-24

RTX 4-23 B
TSLA 4-23 A

T 4-24 B
TER 4-24 A

GOOGL 4-25 A
INTC 4-25 A
RKT 4-25 A
ROKU 4-25 A

ROP 4-26 B

RIG 4-29 A
RMBS 4-29 A

MMM 4-30 B
PYPL 4-30 B
SBUX 4-30 A
AMZN 4-30 A

QCOM 5-1 A

AAPL 5-2 A
SQ 5-2 A

PLTR 5-6 A

DIS 5-7 B
TOST 5-7 A
UPST 5-7 A
RNG 5-7 A

PERI 5-8 B
TTD 5-8 A

RBLX 5-9 B

CSCO 5-15 A

NVDA 5-22 A
________________________________________________________

Netflix (NFLX) reported earnings of $5.28 per share on revenue of $9.37 billion for the first quarter ended March 2024. The consensus earnings estimate was $4.51 per share on revenue of $9.25 billion. The Earnings Whisper number was $4.61 per share. The company beat expectations by 14.53% while revenue grew 14.81% on a year-over-year basis.The company said it expects second quarter earnings of approximately $4.68 per share on revenue of approximately $9.49 billion. The current consensus earnings estimate is $4.53 per share on revenue of $9.53 billion for the quarter ending June 30, 2024.

________________________________________________________________________________________________________________________

ABNB
AI
BP
DOCU
FDX
FIZZ
IRBT
MESA
NKE
PATH
PD
PLUG
SHOP
SMCI
TWLO
ZM

[eastunder]

AAPL back to square 1 on the double bottom

Cap Protect at 176.19 4/12
cpps 168.18

Supports First : 167.11 Second : 139.03
Gaps: 158.49, 146.71

Track for rebuy on sets sold
100,50,50,50/100,25,25,50,50,50

[eastunder]

RIG - 50d tag (5.60)✔️ track complete
cpps at 5.53
Gap 5.47
Supports First : 5.48 Second : 4.56



Track for rebuy of current sets sold on Capital protect (Israel/Iran conflict)
pps trending below five day:
RIG 4000,2000,1250,1000,250m,250g/5000,500,1500,1500,1000,1000

[eastunder]

UPDATE 5-Tesla again seeks shareholder approval for Musk's 2018 pay voided by judge
13:32:45 PM ET, 04/17/2024 - Reuters
(Adds analyst comment, background on pay package, paragraphs 8, 15-16)

By Arsheeya Bajwa and Tom Hals

April 17 (Reuters) - Tesla on Wednesday asked shareholders to reaffirm their approval of CEO Elon Musk's record-breaking $56 billion compensation that was set in 2018, but was rejected by a Delaware judge in January.

The re-vote comes ahead of next week's quarterly earnings for Tesla, which is grappling with weak demand as well as a reputational hit to Musk from his political leanings and approval of an antisemitic conspiracy theory last year.

"Elon has not been paid for any of his work for Tesla for the past six years...," Board Chairperson Robyn Denholm wrote in a letter included in the regulatory filing. "That strikes us — and the many stockholders from whom we already have heard — as fundamentally unfair."

Tesla's board, which includes Musk's brother Kimbal Musk, has repeatedly come under fire for its close ties with the billionaire.

In seeking a re-vote, Tesla is using a section of Delaware law that allows companies to ratify actions that are technically defective such as selling stock before the board approves an increase in shares, but not always controversial.

The board's special committee, which was formed to insulate the process of setting the pay from allegations of Musk's influence, said it cannot predict if its "novel" approach of getting a re-approval would be proper under Delaware law.

The largest pay package in corporate America has no salary or cash bonus and sets rewards based on Tesla's market value rising to as much as $650 billion over the next 10 years from 2018.

Tesla in 2018 said the grant could be worth $56 billion, though the amount depends on Tesla's stock price. The package currently is worth about $40 billion.

Tesla shares fell nearly 2% after the company's latest move, putting its market value on track to close below $500 billion for the first time in about a year.

AFTER RE-VOTE, MUSK MAY APPEAL

Musk's pay was rejected by Judge Kathaleen McCormick of Delaware's Court of Chancery, who termed the compensation as "an unfathomable sum" that was unfair to shareholders.

If Tesla shareholders vote in favor, it would not automatically entitle Musk to the money, Eric Talley, a Columbia Law School professor, said.

Approval would fix the flawed 2018 shareholder vote process, Talley said, but Musk would need to appeal to overturn the findings that he controlled the negotiation process that led to the record-breaking compensation.

Musk is expected to appeal the ruling later this year after the trial court determines how much the shareholder's legal team should be paid by Tesla.

The original pay package negotiations were found by judge McCormick to have been heavily influenced by Musk, who after the ruling tweeted - "Never incorporate your company in the state of Delaware".

Brian Dunn, a visiting lecturer in Cornell University’s School of Industrial and Labor Relations who consults boards on compensation, said the new vote was evidence the board was compromised.

“No one has ever said he shouldn’t get paid, but let’s remember the initial plan was flawed beyond its unprecedented magnitude,” Dunn said. On Wednesday, Tesla also urged investors to approve its plan to move the company's state of incorporation from Delaware to Texas, potentially escalating a tussle between Musk and the state of Delaware.

Earlier this year, Musk shifted the location of incorporation of his rocket company SpaceX to Texas and brain-chip startup Neuralink to Nevada from Delaware.

Tesla has also proposed board re-appointments for Kimbal Musk and James Murdoch, son of media tycoon Rupert Murdoch.

TESLA'S MOUNTING CONCERNS

Tesla's shares have lost more than 36% of their value so far this year as electric-vehicle sales slowed down globally. Developments such as scrapping plans for an affordable EV and deciding to cut at least 10% of its staff have also left analysts questioning the company's strategy.

(Reporting by Arsheeya Bajwa and Yuvraj Malik in Bengaluru and Tom Hals in Wilmington, Delaware; Editing by Arun Koyyur and Nick Zieminski)

[eastunder]

Deutsche Bank Downgrades Tesla to Hold From Buy, Price Target is $123
TSLA pps 155.45 close of 4/17
Gaps:
146.41
133.51
122.63
114.39

[eastunder]

Update: Google Dismisses 28 Employees Involved in Office Protests Against Israeli Project
08:15:18 AM ET, 04/18/2024 - MT Newswires
08:15 AM EDT, 04/18/2024 (MT Newswires) -- (Updates with response from Google throughout.)

Alphabet's (GOOG) Google dismissed 28 employees over workplace protests against the company's collaboration with Israel's government and military, the company said Thursday.

In a note emailed to MT Newswires, a Google spokesperson described the protests as "part of a longstanding campaign by a group of organizations and people who largely don't work at Google" and said the 28 employees were terminated after individual investigations.

The employees were dismissed Wednesday after taking part in or being linked to on-site protests Tuesday at the company's California and New York offices, news reports said. Nine were arrested Tuesday evening on trespassing charges, the reports added.

"A small number of employee protesters entered and disrupted a few of our locations," the spokesperson said in the note to MT Newswires. "Physically impeding other employees' work and preventing them from accessing our facilities is a clear violation of our policies, and completely unacceptable behavior. After refusing multiple requests to leave the premises, law enforcement was engaged to remove them to ensure office safety."

The dismissed employees, in comments to Bloomberg News, denied they had impeded access.

The company said it continues to investigate the matter and will "take action as needed."

[eastunder]

ZM 59.08 close 4/17

--Rosenblatt Upgrades Zoom Video Communications to Buy, Price Target at $75

[eastunder]

Earnings 4-18-24

NFLX 4-18 A

RTX 4-23 B
TSLA 4-23 A

T 4-24 B
TER 4-24 A

GOOGL 4-25 A
INTC 4-25 A
RKT 4-25 A
ROKU 4-25 A

ROP 4-26 B

RIG 4-29 A
RMBS 4-29 A

MMM 4-30 B
PYPL 4-30 B
SBUX 4-30 A
AMZN 4-30 A

QCOM 5-1 A

AAPL 5-2 A
SQ 5-2 A

PLTR 5-6 A

DIS 5-7 B
TOST 5-7 A
UPST 5-7 A
RNG 5-7 A

PERI 5-8 B
TTD 5-8 A

RBLX 5-9 B

CSCO 5-15 A

NVDA 5-22 A
________________________________________________________

ABNB
AI
BP
DOCU
FDX
FIZZ
IRBT
MESA
NKE
PATH
PD
PLUG
SHOP
SMCI
TWLO
ZM

[eastunder]

SHOP 70.12
68.06 200 tag 4-16

[eastunder]

Earnings 4-17-24

NFLX 4-18 A

RTX 4-23 B
TSLA 4-23 A

T 4-24 B
TER 4-24 A

GOOGL 4-25 A
INTC 4-25 A
RKT 4-25 A
ROKU 4-25 A

ROP 4-26 B

RIG 4-29 A
RMBS 4-29 A

MMM 4-30 B
PYPL 4-30 B
SBUX 4-30 A

QCOM 5-1 A

AAPL 5-2 A
SQ 5-2 A

PLTR 5-6 A

DIS 5-7 B
TOST 5-7 A
UPST 5-7 A

PERI 5-8 B

RBLX 5-9 B

CSCO 5-15 A

NVDA 5-22 A
________________________________________________________

ABNB
AI
AMZN
BP
DOCU
FDX
FIZZ
IRBT
MESA
NKE
PATH
PD
PLTR
PLUG
RNG
SHOP
SMCI
TTD
TWLO
ZM

[eastunder]

Rivian skids to an all-time low, but the Amazon partnership may provide a backstop
Apr. 16, 2024 11:28 AM ETRivian Automotive, Inc. (RIVN) StockAMZN, TSLABy: Clark Schultz, SA News Editor28 Comments

https://seekingalpha.com/news/4090133-rivian-skids-to-an-all-time-low-but-the-amazon-partnership-may-provide-a-backstop

Rivian Automotive (NASDAQ:RIVN) traded at an all-time low on Tuesday, even as the company pushed forward with its growth plans for 2024 and beyond.

The electric vehicle maker released its latest software update this week, which includes charging scores for fast-charging sites to allow drivers to filter out stations with issues, in-app messaging with the service center during appointments, rear display improvements, and navigation feedback.

There was also a positive development on the Amazon (AMZN) front, with news that the e-commerce giant has installed more than 17,000 chargers at about 120 warehouses across the U.S. Amazon (AMZN) is now the largest operator of private electrical vehicle charging infrastructure in the country, according to InsideEVs. Of course, Amazon (AMZN) is an investor in Rivian (RIVN) and has a standing order for 100K EV delivery vans, of which only about 13,500 have been delivered so far. Notably, reports indicate that some of the initial growing pains with servicing the Rivian (RIVN) EVs have been worked out. Amazon (AMZN) holds a position in Rivian (RIVN) of more than 158 million shares, or about 16.6% of the total outstanding shares.

On Wall Street, UBS boosted its rating on Rivian Automotive (RIVN) to Neutral from Sell on what it sees as a more balanced near-term risk-reward profile after the big selloff in shares. "Near-term upside catalysts could be if there is a positive update on R2 orders which would reinforce what Rivian can become, even if that growth is more likely in 2026/27," noted analyst Joseph Spak. "Near-term downside catalysts could be R1 price cuts and/or softer R1 demand (even though we believe this is better considered at current levels, we see headline risk) as well as higher interest rate concerns," he added.

Seeking Alpha analyst Li Eason is bullish on Rivian Automotive (RIVN). Eason noted in a recent article that RIVN trades at a much lower price-to-sales multiple than Tesla (TSLA).

Shares of Rivian Automotive (RIVN) gained 3.27% in late morning action on Tuesday to $8.62. The EV stock carved out a new 52-week low of $8.26 earlier in the session.

[eastunder]

Earnings 4-16-24


NFLX 4-18 A

RTX 4-23 B
TSLA 4-23 A

T 4-24 B

GOOGL 4-25 A
INTC 4-25 A
RKT 4-25 A
ROKU 4-25 A

ROP 4-26 B

RIG 4-29 A

MMM 4-30 B
PYPL 4-30 B

QCOM 5-1 A

AAPL 5-2 A
SQ 5-2 A

PLTR 5-6 A

DIS 5-7 B
TOST 5-7 A
UPST 5-7 A

PERI 5-8 B

RBLX 5-9 B

NVDA 5-22 A
________________________________________________________

ABNB
AI
AMZN
BP
DOCU
FDX
FIZZ
IRBT
MESA
NKE
PATH
PD
PLTR
PLUG
RNG
SBUX
SHOP
SMCI
TER
TTD
TWLO
ZM

[eastunder]

RIVN 8.52 4/16

[eastunder]

Rivian Stock Can Rally, Says Analyst. Look Out, Short Sellers.

https://www.msn.com/en-us/money/savingandinvesting/rivian-stock-can-rally-says-analyst-look-out-short-sellers/ar-BB1lHZkA

Rivian Automotive caught an upgrade on Tuesday. Shares have fallen far enough for one analyst, who adds that bearish investors should watch out for high short interest in Rivian stock.

Tuesday, UBS analyst Joe Spak upgraded Rivian stock to Hold from Sell. He left his price target unchanged at $9. He didn’t have to change his price target because Rivian shares have cratered about 64% year to date heading into Tuesday trading. (LOLOLOL)

“With climbing short interest, [investor] positioning is also a higher risk, especially if a positive data point [or] catalyst emerges,” wrote Spak. “Near-term upside catalysts could be if there is a positive update on R2 orders which would reinforce what Rivian can become, even if that growth is more likely in 2026 [or] 2027.”

Short sellers borrow stock they don’t own and sell it, betting that they can replace the borrowed shares later at a lower price.

Rivian’s short interest—the number of shares borrowed and sold short compared with the shares available for trading—is about 18%, up from about 12% a year ago, according to FactSet. The average short interest for a stock in the S&P 500 is closer to 2%.

Sometimes short sellers can get themselves into trouble when too many have the same idea. High short interest can lead to a squeeze when a stock price rises rapidly as short sellers look to buy shares all at once.

As for the potential catalyst, the R2 platform is Rivian’s lower-priced second-generation platform that should be on the road by 2026. It follows the R1 platform on which Rivian builds the R1S SUV and the R1T pickup truck. Rivian unveiled the R2 platform in March.

The upgrade was helping a little. Shares were up 1.3% in early trading, while the S&P 500 was down 0.1% and the Nasdaq Composite was up 0.1%.

Overall, 50% of the analysts covering Rivian stock have Buy ratings, according to FactSet. The average Buy-rating ratio for stocks in the S&P 500 is about 55%. An upgrade to Hold doesn’t change the Buy-rating ratio. It changes the Sell-rating ratio, though. Now 11% of analysts covering the stock have Sell ratings. The average Sell rating ratio for stocks in the S&P 500 is about 7%.

The average analyst price target for Rivian shares is about $16.50. It’s been falling along with the stock. A year ago, the average analyst price target was almost $26.

Coming into Tuesday’s trading, Rivian stock was off about 39% over the past 12 months.

[eastunder]

CP: 4/12 RIG,RNG,AAPL,PYPL,TSLA and 4/15 AMZN, GOOGL

4/12 Israel/Iran news pending attack
4/15 increased Israel/Iran tension for Israel response.

RIG 6.11 4000,2000,1250,1000,250m,250g/5000,500,1500,1500,1000,1000


RNG 31.32 jha: 350,250,500


AAPL 176.19 100,50,50,50/100,25,25,50,50,50


PYPL 64.30 550,650,400,425,100m/650,300,300,550,475,500,100


TSLA 171.01 50,25,25,25 / 50,25,25,25,


AMZN 183.86 100,75,75,75,/100,75,0,75,75,75


GOOGL 154.93 200,100, 50,100/300,150,0,100,150,150

[eastunder]

DCO 54.93

48.69 gap 4/5/24

[eastunder]

Ducommun Incorporated Rejects Unsolicited, Non-Binding Indication of Interest From Albion River
April 16, 2024 08:30 ET
Source: Ducommun Incorporated

https://www.globenewswire.com/news-release/2024/04/16/2863606/0/en/Ducommun-Incorporated-Rejects-Unsolicited-Non-Binding-Indication-of-Interest-From-Albion-River.html

Proposal undervalues Ducommun and does not fully reflect the Company’s proven, long-term growth initiatives. Ducommun’s Board and Management remain focused on successfully delivering our Vision 2027 Strategy.

SANTA ANA, Calif., April 16, 2024 (GLOBE NEWSWIRE) -- Ducommun Incorporated (NYSE: DCO) (“Ducommun” or the “Company”), a global supplier of innovative electronic systems and structural solutions for the aerospace and defense industry, today responded to an unsolicited, non-binding indication of interest dated April 1, 2024 from Albion River LLC (“Albion River”), a private direct investment firm, to acquire all outstanding shares of Ducommun for $60.00 per share in cash. The Board of Directors has unanimously determined it is not in the best interests of the Company and Ducommun shareholders to pursue further discussions regarding the proposal.

Consistent with its fiduciary duties and in consultation with its legal and financial advisors, our Board of Directors carefully reviewed and considered the offered pricing and the underlying proposed actions. Following that review, our Board of Directors concluded that the Company’s previously disclosed Vision 2027 Strategy reflects a substantially better long-term value creation opportunity for Ducommun’s shareholders.

Over the past seven years, our Board and Management team have effectively transformed the Company’s business with strategic acquisitions of engineered product businesses with high aftermarket mix, implementation of a value-based pricing strategy, significant facility consolidation, improved operations and customer metrics, a leaner management structure and many other cost reduction actions. Despite the impact of the COVID-19 pandemic and the 737MAX on our markets, Ducommun’s revenue has grown from $551M in 2016 to a new all-time revenue record of $757M in 2023. Also, Ducommun’s EBITDA margins have expanded from 10% in 2016 to 13% in 2023. As a result, the Company’s shareholders benefitted from an increase in market capitalization from approximately $286M at the end of 2016 to approximately $760M at the end of 2023. In addition, the Company managed through the COVID-19 pandemic and 737MAX with limited impact on its Adjusted EBITDA despite significant deterioration in the commercial aerospace industry. This was accomplished by growing its military and space business from $278M in 2018 to $421M in 2022 and through proactive cost management.

Since December 2022, Ducommun management has been executing its Vision 2027 Strategy by consolidating its facility footprint, continuing its targeted acquisition program, increasing the revenue proportion of engineered product and aftermarket content, executing our offloading strategy with defense primes in high growth segments of the defense budget, and by expanding content on key commercial aerospace platforms. These strategic initiatives already have positioned Ducommun to benefit from the continuing recovery in aircraft production rates over the next several years. Ducommun’s market capitalization has increased to approximately $760M at the end of 2023 from approximately $605M at the end of 2022, a 25.6% increase in a single year. Our Board of Directors and management team expect that, as previously disclosed in our Vision 2027 Strategy, by 2027 Ducommun will achieve $950M to $1,000M in net revenues (representing a 33 to 40% increase since 2022), with approximately 18% adjusted EBITDA margins. This would represent a gain of approximately 470 basis points since 2022 and approximately 13% adjusted operating income margins (an increase of approximately 470 basis points since 2022).

Our Board of Directors therefore believes that Albion River’s offered price and generic proposed actions significantly undervalues Ducommun and could distract our team from our Vision 2027 Strategy. Therefore, our board has reaffirmed that Ducommun is not for sale. We remain committed to our proven strategy to substantially grow the value of Ducommun. We value the views of our shareholders, and we are happy to consider any useful ideas to increase the long-term value of Ducommun. Our Board of Directors and management will continue to listen to all Ducommun shareholders and act in their collective best interests.

RBC Capital Markets, LLC is acting as a financial advisor to Ducommun, and Simpson Thacher & Bartlett LLP is acting as legal counsel.

About Ducommun Incorporated
Ducommun Incorporated delivers value-added innovative manufacturing solutions to customers in the aerospace, defense and industrial markets. Founded in 1849, the company specializes in two core areas – Electronic Systems and Structural Systems – to produce complex products and components for commercial aircraft platforms, mission-critical military and space programs, and sophisticated industrial applications. For more information, visit Ducommun.com