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$TRUP HALF a MILLION insider buy $$$ --->
$TRUP founder buys half a mil in an insider buy!
— Option Millionaires (@OMillionaires) May 9, 2024
Was a few Q's ago some analyst actually asked why insiders weren't buying shares on the CC - never seen an analyst ask that before and makes no sense too, unless someone gave her an incentive too...
Anyway, there is the boot to… https://t.co/KYGKBvoNYc
Updated Short Interest Data out after the close...
$TRUP $RILY $SPY $TERN
Shift4 Payments price target lowered to $100 from $105 at Evercore ISI
Evercore ISI lowered the firm's price target on Shift4 Payments to $100 from $105 and keeps an Outperform rating on the shares. Shift4 Payments' Q1 adjusted EBITDA fell short of consensus estimates, but management maintained their 2024 net revenue guidance, the analyst tells investors in a research note. Evercore remains constructive on Shift4 given multiple opportunities to drive "superior" net revenue growth and margin expansion.
goooooooooooooooooooooooooooooooooooooood morning!!!
it is another quiet day with no strong, fresh catalysts to provide direction. There is Fedspeak from voter Daly later, but she is unlikely to counter the current view of patience and a high-for-longer stance. Meanwhile, it looks as though the markets are coiling for action next week when key data on CPI, retail sales, production, and manufacturing reports are due. Additionally, Chair Powell will be speaking (Tuesday) with the ECB's Knot at a special event by the Netherlands' Foreign Bankers' Association. Though it is an unlikely venue from something dramatic from Powell, it is a risk factor. There are several other FOMC voters on tap next week too with the hawks Bowman and Mester, along with Jefferson, Barr, and Bostic. Nonvoters slated include Logan, Kashkari, Goolsbee, and Harker. Treasuries are mixed with modest richening in the front end with the 2-year down -1.7 bps to 4.820%. The 5.036% close from April 30 looks like a solid top. The 10-year is up 1.2 bps to 4.496%, largely capped by 4.50%, with the 4.70% close from April 25 looking like solid resistance. The wi 30-year is 2.5 bps cheaper at 4.663% ahead of the auction. Wall Street has pared opening losses with the Dow and S&P 500 now slightly in the green. The S&P has recaptured the 5200 resistance level. Earnings season is coming to an end, leaving a bullish tone in its wake. The major indexes are 3% to 4% higher on the month after the April pullback.
Airbnb price target raised to $151 from $135 at BMO Capital
BMO Capital analyst Brian Pitz raised the firm's price target on Airbnb to $151 from $135 and keeps a Market Perform rating on the shares after its Q1 earnings beat. The company continues executing against its strategic initiatives, evident by supply growth of 17% and Gross Nights Booked up 10%, the analyst tells investors in a research note. Airbnb's expected Q3 summer backlog growth is also healthy, implying potential market share gains given accelerating revenue growth in the quarter, the firm added.
FX Update:
FX Update: the DXY has extended its drop to 105.355 but is keeping its head above the 104 support level, last seen on a closing basis on April 9. The buck has slumped against all its G10 peers except for JPY, where USD-JPY sits at 155.53 as the market disrespects the verbal intervention BoJ Governor Ueda and Finance Minister Suzuki. Concurrently, GBP-USD has clawed back post-BoE losses and is now at 1.2509 after the knee-jerk drop to 1.2446. Meanwhile, the weakening in the dollar s helping underpin gains in gold and oil which are also being supported by geopolitical factors with an eye on events in the Middle East. Gold is 1% higher at $2333.22 per ounce, and oil is up 0.5% to $79.37.
SoftBank Group upgraded to Buy at Deutsche Bank on AI positioning
Pre-Market Rant --->
💡:13 #markets #stocks $SPY $SPX $DIA $QQQ $IWM
💡1:26 $DELL #dell
💡2:31 #IIPR $IIPR
💡3:07 $TERN #TERNS #TERN&BURN
💡4:21 $CDLX #BURN
💡5:22 $FVRR #FIVERR #AI
#StocksToWatch
Morning Watch LIst : https://www.optionmillionaires.com/may-9th-2024-watch-list/
Morning Watch List : https://www.optionmillionaires.com/may-9th-2024-watch-list/
Needham Maintains Buy on Cardlytics, Lowers Price Target to $12
AppLovin sees Q2 revenue $1.06B-$1.08B, consensus $1.01B
Sees Q2 adjusted EBITDA $550M-$570M.
SolarEdge reports Q1 EPS ($1.90), consensus ($1.57)
Reports Q1 revenue $204.4M, consensus $195.98M. "Our first quarter results were aligned with our expectations of inventory clearing and typical seasonality," said Zvi Lando, Chief Executive Officer of SolarEdge. "As we enter spring when installations historically tend to rise, we expect channel inventory to continue to decline and revenues to improve. In parallel, we are focused on a suite of new products that we plan to release in the next several quarters to position ourselves for the next growth cycle in our industry."
Match Group price target lowered to $33 from $43 at RBC Capital
RBC Capital lowered the firm's price target on Match Group to $33 from $43 and keeps an Outperform rating on the shares, stating that the company reported another quarter "in what has been a string of disappointments owed to ongoing Tinder weakness." The firm, while lowering its estimates and price target, says it is giving Match "another chance to prove the bears wrong that the online dating market is not actually saturated."
Shopify Q1 'fell short of elevated investor expectations,' says Oppenheimer
Oppenheimer notes that Shopify's revenue and GMV growth of 23% each topped consensus forecasts in Q1, but fell short of elevated investor expectations tracking closer to about 25% with "light" GMV growth pointed to as the source of the shortfall. While Q1 results fell short of high buyside expectations, "overall fundamentals appear intact," says the analyst, who maintains an Outperform rating and $90 price target on Shopify shares.
Some of my what i am holding:
$VKTX June $100s
$IIPR June $120s
$TERN July $7.50s
$CDLX May $20s/June $18s
...(some)
$RDDT Reddit price target raised to $55 from $40 at Goldman Sachs
Goldman Sachs analyst Eric Sheridan raised the firm's price target on Reddit to $55 from $40 and keeps a Neutral rating on the shares. The firm updated its forecasts for the company's inaugural public company earnings report and managment's updated forward commentary. The firm expects the broader digital advertising landscape health, Reddit's idiosyncratic execution of Daily Active Uniques and sustaining momentum around advertiser count growth and advertiser budget as likely to be "the key driver of investor debates and any stock price volatility" in the coming quarters, the analyst tells investors.
bobberrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrr
Pfizer Agrees to Settle More than 10,000 Zantac Cancer Lawsuits
The Centers, a non-profit mental and behavioral health provider, has selected the Netsmart CareFabric® platform to help enhance clinical, financial and operational efficiencies across the organization’s five facilities in Arkansas . Through this collaboration, Netsmart will equip The Centers with the technology and tools designed to support delivery of comprehensive, integrated care to the individuals and families they serve.
The Centers will utilize myAvatar™, an ONC-certified electronic health record (EHR) specifically built for enhanced user experience, leveraging near real-time analytics and clinical decision support to drive value-based care. By integrating the Netsmart comprehensive suite of solutions, The Centers aims to optimize care delivery and drive positive outcomes for each individual it serves.
YOU with its typical monster beat and raise
JB Rant if you missed -> https://www.optionmillionaires.com/jb-pre-market-rant-may-8th-2024/
Morning Watch List : https://www.optionmillionaires.com/may-7th-2024-watch-list-2/
In Tesla Autopilot probe, US prosecutors focus on securities, wire fraud
Sweden is following Switzerland, Hungary, and the Czech Republic in easing monetary policy for the first time since hiking cycles began in 2022, when inflation surfaced in the aftermath of the COVID pandemic. The Riksbank overnight lowered its policy rate by 0.25 basis points to 3.75%, making it more likely that the ECB will also jump on the bandwagon. The shift is noteworthy to global investors as it highlights the current central bank divergence taking place across the world.
Press release: "When inflation approaches the target while economic activity is weak, monetary policy can be eased," Sweden's Riksbank said in a statement. "However, the outlook for inflation is uncertain. As inflation now falls from very high levels, there is uncertainty on both the upside and downside. The adjustment of monetary policy going forward should therefore be characterized by caution."
This contrasts with the wait-and-see mode of the United States, which is taking a more gradual path toward easing. Many in Europe are scared of getting stuck behind the curve as growth slows and unemployment rises. The housing market is also of concern, with many mortgages across the region carrying short-term variable rates, which can pinch the economy if interest levels stay elevated for too long.
Ahead of the Fed: There have been some worries that cutting before the U.S. could cause the krona or euro to lose value against the greenback, which in turn could lift dollar-denominated imports and even cause inflation to resurface. European policymakers seem to be less concerned about these effects, putting more of a focus on domestic conditions and not linking policy to other central banks. "I have said we are data dependent, we are not Fed dependent," ECB President Christine Lagarde declared at a press conference in April. (8 comments)
China tensions
TikTok and its Chinese parent, ByteDance (BDNCE), have sued the U.S. federal government to block a new law that would force the sale of the popular short-video app or face a ban in the country. TikTok said the bill violated the First Amendment right to free speech, adding that the divestment being demanded is "simply not possible." Things will likely head to the Supreme Court as Washington pushes ahead with efforts to protect its national security interests. The Biden administration is also revoking export licenses that allowed Qualcomm (QCOM) and Intel (INTC) to supply Chinese firm Huawei with chips for laptops and phones. (41 comments)
House of Mouse
Sliding 9.5% to $105/share, Disney (DIS) wrapped up its worst session in 18 months on Tuesday. The company reported a profit for its entertainment streaming division (Disney+ and Hulu), and forecast full combined streaming business profitability in FQ4 (including ESPN+). So what went wrong? SA Investing Group Leader Long Player believes the decline was an overreaction, driven by a combination of "sell on the news" and some fears about a Q3 loss from its Direct-to-Consumer business. Disney's box office and TV business might still be a problem, but does the pullback represent a buying opportunity? (20 comments)
Robotaxi rollout
Tesla (TSLA) CEO Elon Musk reportedly proposed testing Full Self-Driving software in China through robotaxis during his surprise visit to the country last month. While the government in Beijing was open to the proposal, Tesla would still need approval to collect and transfer data in China to train the software. Musk was also said to have sent one of his trusted lieutenants back to China to lead operations there, following back-to-back layoffs and executive exits. In other news, the U.S. NHTSA has threatened Tesla with $135M in penalties unless it provides more information on last year's Autopilot recall. (5 comments)
Today's Markets
In Asia, Japan -1.6%. Hong Kong -0.9%. China -0.6%. India -0.1%.
In Europe, at midday, London +0.3%. Paris +1%. Frankfurt +0.4%.
Futures at 7:00, Dow +0.04%. S&P -0.02%. Nasdaq -0.1%. Crude -1% to $77.63. Gold flat at $2,324.70. Bitcoin -2.9% to $62,236.
Ten-year Treasury Yield +3 bps to 4.48%.
Today's Economic Calendar
7:00 MBA Mortgage Applications
10:00 Wholesale Inventories (Preliminary)
10:30 EIA Petroleum Inventories
11:00 Fed’s Jefferson Speech
11:45 Fed's Collins Speech
1:00 PM Results of $42B, 10-Year Note Auction
1:30 PM Fed’s Cook Speech
Companies reporting earnings today »
What else is happening...
Apple (AAPL) unveils new iPad Air, iPad Pro, AI-focused M4 chip.
U.S. set to resume purchases for Strategic Petroleum Reserve.
Reddit soars after first post-IPO results, forecast comes in strong.
Investigation finds sexual discrimination, harassment at FDIC.
Record cruise demand: Royal Caribbean (RCL) to hire thousands.
Uber (UBER) and Instacart (CART) team up on restaurant deliveries.
Getting a ride: Loss narrows at Lyft (LYFT) as bookings climb 21%.
Boy given Pfizer (PFE) experimental muscular dystrophy therapy dies.
Amid lawsuits, OpenAI building tool to let content creators manage use.
EXCLUSIVE -- U.S. PROSECUTORS EXAMINING WHETHER TESLA COMMITTED SECURITIES, WIRE FRAUD IN CRIMINAL PROBE OF SELF-DRIVING CLAIMS, THREE SOURCES SAY
Needham analyst Laura Martin maintains Reddit (NYSE:RDDT) with a Buy and raises the price target from $55 to $63.
U.S. 30-year mortgage rates fell to 7.18% in the most recent week, according to the MBA, from 7.29% last week, versus a 23-year high of 7.90% in October and a 6.71% recent trough in December. The rate is well above the 2023 low of 6.18% in February of 2023. The weekly MBA purchase index rose 1.8%, leaving a 15.2% rise from the 28-year low in October. Lending is well below the mid-January peak, leaving a headwind for new and existing home sales into the spring sales season. The MBA purchase index is entering May 0.9% above the April average. Analysts expect a -10% contraction pace for the purchase index in Q2 and a -3% drop for 2024 overall, following a record -30% decline for 2023, and a -21% 2022 drop. The refi index is entering May -0.7% below the April average, leaving a 17-month rise of 41% from the 22-year low average in December of 2022. Analysts expect a 30% growth clip for the refi index in Q2 and a 17% rise for 2024 overall, after a -54% drop for 2023, and a -72% drop in 2022.
Cirrus Logic price target raised to $120 from $100 at KeyBanc
KeyBanc raised the firm's price target on Cirrus Logic (CRUS) to $120 from $100 and keeps an Overweight rating on the shares. The firm notes Cirrus Logic posted strong Q4 results and Q1 guidance, which were solidly above expectations. Results indicate iPhone demand continues to track in line and has yet to see a major correction, as Apple (AAPL) represented 86% of revenues, which has been consistent with most of Cirrus' peers with the exception of Skyworks (SWKS).
Reddit price target raised to $65 from $53 at Citi
Citi raised the firm's price target on Reddit to $65 from $53 and keeps a Buy rating on the shares. With daily active users accelerating 37% year-over-year to 82.7M, monetization ramping and EBITDA margin expanding, Reddit delivered a strong first quarter post its initial public offering, the analyst tells investors in a research note. The firm believes the company's improving engagement trends are lasting given investments across its new web-platform, Shreddit, Search, and the Onboarding experience.
Upgrades - May 8, 2024
• $ALHC: Piper Sandler Upgrades to Overweight from Neutral - PT $8 (from $6)
• $CFLT: Canaccord Genuity Upgrades to Buy from Hold - PT $35 (from $28)
• $DDOG: Baird Upgrades to Outperform from Neutral - PT $140 (from $130)
• $ENR: Morgan Stanley Upgrades to Equalweight from Underweight - PT $33
• $ENV: Jefferies Upgrades to Hold from Underperform - PT $59 (from $47)
• $HRT: William Blair Upgrades to Outperform from Market Perform
• $HXL: Wells Fargo Upgrades to Overweight from Equal Weight - PT $95
• $IFF: JPMorgan Upgrades to Overweight from Neutral - PT $100 (from $75)
• $NTNX: Raymond James Upgrades to Outperform from Market Perform - PT $72
• $ODFL: Baird Upgrades to Outperform from Neutral - PT $205
• $OFIX: Roth/MKM Upgrades to Buy from Neutral - PT $20 (from $15)
• $OFIX: Roth/MKM Upgrades to Buy from Neutral - PT $20 (from $15)
• $SAM: Deutsche Bank Upgrades to Hold from Sell - PT $273
• $SQ: Phillip Securities Upgrades to Buy from Accumulate - PT $96
Downgrades - May 8, 2024
• $DH: Morgan Stanley Downgrades to Equalweight from Overweight - PT $9 (from $11.50)
• $DV: CapitalOne Downgrades to Equal-weight from Overweight - PT $23
• $DV: KeyBanc Downgrades to Sector Weight from Overweight
• $DV: William Blair Downgrades to Market Perform from Outperform
• $GBDC: Raymond James Downgrades to Market Perform from Outperform
• $ILMN: CFRA Downgrades to Sell from Hold - PT $100
• $J: William Blair Downgrades to Market Perform from Outperform
• $KLG: BNP Paribas Downgrades to Underperform from Neutral - PT $20
• $NDAQ: Rosenblatt Downgrades to Neutral from Buy - PT $64 (from $76)
• $NVEI: JPMorgan Downgrades to Neutral from Overweight - PT $34 (from $32)
• $PINC: Canaccord Downgrades to Hold from Buy - PT $21 (from $27)
• $RWAY: Compass Point Downgrades to Neutral from Buy - PT $12.75
• $RYTM: BofA Securities Downgrades to Neutral from Buy - PT $42 (from $49)
• $SAR: Oppenheimer Downgrades to Perform from Outperform - PT $23 (from $24)
• $SHLS: Roth/MKM Downgrades to Neutral from Buy - PT $8 (from $15)
• $TMCI: BTIG Downgrades to Neutral from Buy
• $TMCI: JPMorgan Downgrades to Neutral from Overweight - PT $8 (from $15)
• $TMCI: Stifel Downgrades to Hold from Buy - PT $6 (from $15)
• $VPG: B.Riley Downgrades to Neutral from Buy - PT $36 (from $37)
•$ VSCO: Barclays Downgrades to Underweight from Equalweight - PT $14 (from $15)
• $WOW: Raymond James Downgrades to Market Perform from Outperform
• $ZI: Goldman Sachs Downgrades to Sell from Neutral - PT $12 (from $19.50)
• $ZI: Mizuho Downgrades to Neutral from Buy - PT $14 (from $23)
• $ZI: Piper Sandler Downgrades to Neutral from Overweight - PT $15 (from $24)
Wynn Resorts price target raised to $128 from $125 at Wells Fargo
Wells Fargo raised the firm's price target on Wynn Resorts to $128 from $125 and keeps an Overweight rating on the shares. The firm notes Q1 EBITDA was 7% above its/Street's estimates, reflecting favorable hold, strong demand trends, and impressive opex control. Macau Q2 commentary was encouraging, Las Vegas is stable, and EBH capex is tabled, for now, adds Wells.
Wynn Resorts price target raised to $128 from $125 at Wells Fargo
Wells Fargo raised the firm's price target on Wynn Resorts to $128 from $125 and keeps an Overweight rating on the shares. The firm notes Q1 EBITDA was 7% above its/Street's estimates, reflecting favorable hold, strong demand trends, and impressive opex control. Macau Q2 commentary was encouraging, Las Vegas is stable, and EBH capex is tabled, for now, adds Wells.
Lyft price target raised to $20 from $17 at Barclays
Barclays raised the firm's price target on Lyft to $20 from $17 and keeps an Equal Weight rating on the shares. The company's sales are showing no signs of consumer weakness with gross bookings accelerating in 1Q and holding steady into Q2, the analyst tells investors in a research note. The firm expects the June 6 investor day to continue Lyft's upward momentum.
SoftBank Is Said in Talks to Buy Troubled AI Chip Firm Graphcore
ZoomInfo raises FY24 adjusted EPS view to $1.00-$1.02 from 99c-$1.01
Consensus is $1.00. Adjusts FY24 revenue view to $1.255B-$1.27B from $1.26B-$1.28B, consensus $1.27B.
goooooooooooooooooooooood evening
Lyft reports Q1 GAAP EPS (8c), consensus 3c
Reports Q1 revenue $1.3B, consensus $1.16B. Rides of 188 million: were up 23% year-over-year, reflecting strong demand across use cases. Growth in early morning, commute and weekend evening trips was particularly strong, which is a continuation of the trends we saw in the back half of 2023. Active Riders of 21.9 million: were up 12% year-over-year, reflecting an improvement in rider retention along with an increase in new riders. "Lyft is off to a strong start in 2024. We are executing well and bringing much-needed innovation to the market. That's why drivers and riders are choosing Lyft more often," said CEO David Risher. "After a year in the driver's seat at Lyft I'm thrilled to see all the ways that our customer obsession drives profitable growth."
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FOSL | jimmybob | 02/14/2012 09:54:12 AM |
FOSL and SODA ~ WATCH!!! | jimmybob | 02/14/2012 09:50:52 AM |
uranium-pinto-beans | | Tuesday, February 14, 2012 12:43:05 PM | ||
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jimmybob | | Friday, March 02, 2012 11:58:33 AM | ||
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