Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
GERN traded between 4.26 and 4.29 in the one minute period between 9:35am and 9:36am on volume of 156k according to ThinkorSwim, so his trade looks legit, albeit at the bid.
btw, GERN traded between 4.22 and 4.34 in the first minute of trading starting at 9:30am.
GERN - .35 to 4.27 in premarket - the CCO probably thinks his career opportunities are better elsewhere - maybe his opinion of GERN's prospects are not so great. Even so, this dip only brings the stock back to where it was a mere 3 weeks ago, not so bad.
TSLA regulatory credits accounted to over half of operating income - this source of income will probably will diminish over time -
https://www.wsj.com/business/earnings/tesla-tsla-q2-earnings-report-2024-3e849b36?st=vd21n9rryf9ah42&reflink=desktopwebshare_permalink
One bright spot for Tesla was a record amount of regulatory credit sales to other carmakers that are failing to meet emissions requirements. Revenue from those credits, essentially pure profit, rose to $890 million in the second quarter, accounting for more than half of its operating income for the period.
TSLA -19 to 227 after hours after missing estimates -
briefing -
Tesla misses by $0.09, beats on revs, gross margins down 23 bps yr/yr; reiterates that in 2024, vehicle volume may be notably lower than the growth rate achieved in 2023 (246.38 -5.13) :
Reports Q2 (Jun) earnings of $0.52 per share, excluding non-recurring items, $0.09 worse than the FactSet Consensus of $0.61; revenues rose 2.3% year/year to $25.5 bln vs the $24.38 bln FactSet Consensus.
Revenue was impacted by the following: Growth in the Energy Generation and Storage business; Cybertruck deliveries; higher regulatory credit revenue; growth in Services and Other; reduced S3XY vehicle average selling price (ASP) (excl. FX impact), due to pricing, attractive financing options and mix; decline in S3XY vehicle deliveries.
GAAP gross margin of 18.0%, down 23 bps yr/yr.
Total Deliveries down 5% to 443,956.
Outlook:
Company is currently between two major growth waves: the first one began with the global expansion of the Model 3/Y platform and believe the next one will be initiated by advances in autonomy and introduction of new products, including those built on our next generation vehicle platform. In 2024, vehicle volume growth rate may be notably lower than the growth rate achieved in 2023, as teams work on the launch of the next generation vehicle and other products.
Have sufficient liquidity to fund our product roadmap, long-term capacity expansion plans and other expenses.
Continue to execute on innovations to reduce the cost of manufacturing and operations, over time, expect hardware-related profits to be accompanied by an acceleration of AI, software and fleet-based profits.
Product Plans for new vehicles, including more affordable models, remain on track for start of production in the first half of 2025. These vehicles will utilize aspects of the next generation platform as well as aspects of current platforms and will be able to be produced on the same manufacturing lines as current vehicle line-up.
Robotaxi product will continue to pursue a revolutionary "unboxed" manufacturing strategy. Though timing of Robotaxi deployment depends on technological advancement and regulatory approval, working vigorously on this opportunity given the outsized potential value.
BSOD = Blue Screen of Death -
https://en.wikipedia.org/wiki/Blue_screen_of_death
Schwab - ThinkorSwim is working fine for me .....
TOL and TMHC, still up on the day after hitting all time highs despite the Russell selloff .... I trimmed both of my positions, but still have significant holdings in the homebuilders.
ETCC +.12 to 2.00 on heavy early volume of 141k .... great y/y comp, but not so great sequential comp .... now looks like untaxed EPS of $0.35 is a realistic target for Feb FY25.
I trimmed some shares, but would buy back on a dip .....
DHI +18 to 175 posts strong Jun Q3 earnings and leads the entire homebuilder segment higher ..... many are making all time highs, yet still trade as single digit forward PE's.
briefing -
D.R. Horton beats by $0.35, beats on revs; narrows FY24 guidance (157.51 ) :
Reports Q3 (Jun) earnings of $4.10 per share, excluding non-recurring items, $0.35 better than the FactSet Consensus of $3.75; revenues rose 2.5% year/year to $9.97 bln vs the $9.61 bln FactSet Consensus. Homebuilding revenue for the third quarter of fiscal 2024 increased 6% to $9.2 billion compared to $8.7 billion in the same quarter of fiscal 2023. Homes closed in the quarter increased 5% to 24,155 homes compared to 22,985 homes closed in the same quarter of fiscal 2023. Homebuilding revenue for the first nine months of fiscal 2024 increased 9% to $25.0 billion compared to $22.9 billion in the same period of fiscal 2023. Homes closed in the first nine months of fiscal 2024 increased 10% to 66,043 homes compared to 59,989 homes closed in the same period of fiscal 2023.
Co issues narrows guidance for FY24, sees FY24 revs of $36.8-37.2 bln from $36.7-37.7 bln vs. $36.94 bln FactSet Consensus.
FY24 Guidance: Homes closed by homebuilding operations of 90,000 homes to 90,500 homes. Share repurchases of approximately $1.8 billion.
MHO, BZH, TOL
Schwab's website is primitive compared to TDA's. I always use limit orders, often GTC, and I'm mostly in very liquid stocks, so I can't comment whether there's a difference in execution prices. However TDA was MUCH better for active traders with large numbers of open orders like myself. Schwab's website is much slower and cancelling or entering a large number of orders is a nuisance. Mostly I use Thinkorswim now, but TDA's website was faster and more efficient than ToS.
Also loads of nice features at TDA were lost in the migration to Schwab. Just to name a few are microcharts, earnings calendar for holdings and watchlists, analyst earnings estimates history of changes, bid/ask on the positions page, option assignment transaction history update Saturday rather than Monday, ease of assigning specific lots to sell orders when overriding the default, etc.
I have very small accounts at Fidelity and ETrade and am considering shifting more business to them via cash transfers over time.
SSK - most of the stocks you sold yesterday are up today despite the 1% decline in the Russell. We'll see how it works out. It's just day 1 of the pullback and eventually you'll have to make the difficult decision of when to get back in ...... market timing is not so easy.
I've done a very modest amount of selling of selected stocks including MHO, BZH, RMAX and CUBI. But I will get assigned on numerous covered call positions this Friday, so that will also increase my cash level which is now at around 15%.
Thanks, very interesting .... we'll see how this Russell rally plays out ....
RUT, TWM
SSK - what are your cash, long and short positions now ? Seems like around 80% cash ?
There are still 329 stocks in the Russell 2000 with forward PE's of under 10, despite the big rally over the past 5 days ..... I own numerous stocks in this list - also noteworthy is that plenty of these stocks have low to moderate RSI values and haven't participated much in the rally thus far and could have catching up to do .....
Sym Price Fwd PE RSI Industry Company Name
ADV 4.09 7.7 76 Advertising Agencies Advantage Solutions Inc.
DLX 23.64 7 67 Advertising Agencies Deluxe Corp.
STGW 7.18 8.1 65 Advertising Agencies Stagwell Inc
ZD 49.75 7.1 39 Advertising Agencies Ziff Davis Inc
POWW 1.85 8.4 49 Aerospace & Defense AMMO Inc
SNCY 12.89 7.1 63 Airlines Sun Country Airlines Holdings Inc
ALGT 52.68 8.5 57 Airlines Allegiant Travel
ULCC 4.30 5.1 32 Airlines Frontier Group Holdings Inc
ASLE 7.16 8.3 59 Airports & Air Services AerSale Corp
CSTM 19.53 8 50 Aluminum Constellium SE
GIII 26.90 7.4 49 Apparel Manufacturing G-III Apparel Group Ltd.
HBI 5.28 8.2 60 Apparel Manufacturing Hanesbrands Inc
HIBB 87.39 9.9 68 Apparel Retail Hibbett Inc
JILL 38.74 10 68 Apparel Retail J.Jill Inc
CAL 34.37 6.8 54 Apparel Retail Caleres Inc
VSCO 18.63 9.1 51 Apparel Retail Victoria's Secret & Co
VCTR 53.04 8.8 69 Asset Management Victory Capital Holdings Inc
SWKH 17.46 6.5 59 Asset Management Swk Holdings Corp
VRTS 243.63 8.5 72 Asset Management Virtus Investment Partners Inc
BSIG 24.95 10 71 Asset Management BrightSphere Investment Group Inc
BUR 14.22 7.5 62 Asset Management Burford Capital Limited
ALTI 5.16 9.4 58 Asset Management AlTi Global Inc
PAX 13.07 8.2 64 Asset Management Patria Investments Ltd
SAH 58.30 9.3 62 Auto & Truck Dealerships Sonic Automotive Inc.
ABG 259.62 8.6 74 Auto & Truck Dealerships Asbury Automotive Group Inc
CARS 20.05 8.8 60 Auto & Truck Dealerships Cars.com
GPI 314.42 7.8 64 Auto & Truck Dealerships Group 1 Automotive Inc.
GT 11.95 6.5 61 Auto Parts Goodyear Tire & Rubber Co.
CVGI 5.49 5.2 62 Auto Parts Commercial Vehicle Group Inc
DAN 12.46 8.5 52 Auto Parts Dana Inc
ADNT 25.33 7.7 51 Auto Parts Adient plc
SMP 31.39 9.1 68 Auto Parts Standard Motor Products Inc.
PHIN 46.26 9.4 73 Auto Parts PHINIA Inc
HLLY 4.06 9.7 71 Auto Parts Holley Inc
NTB 39.78 8.6 82 Banks - Diversified Bank of N T Butterfield & Son Ltd.
OCFC 18.27 9.8 78 Banks - Regional OceanFirst Financial Corp.
ONB 19.54 9.7 79 Banks - Regional Old National Bancorp
ORRF 30.98 7.6 79 Banks - Regional Orrstown Financial Services Inc.
OSBC 16.62 8.9 77 Banks - Regional Old Second Bancorporation Inc.
PLBC 40.45 9.4 74 Banks - Regional Plumas Bancorp.
PEBO 33.34 9.6 79 Banks - Regional Peoples Bancorp Inc. (Marietta OH)
PFBC 84.83 9.4 78 Banks - Regional Preferred Bank (Los Angeles CA)
PFIS 49.01 9.5 73 Banks - Regional Peoples Financial Services Corp
PFS 17.65 8.1 83 Banks - Regional Provident Financial Services Inc
SSBK 29.80 8.1 73 Banks - Regional Southern States Bancshares Inc
SHBI 13.54 9 82 Banks - Regional Shore Bancshares Inc.
HOPE 12.48 9.5 81 Banks - Regional Hope Bancorp Inc
HBNC 14.89 9.9 80 Banks - Regional Horizon Bancorp Inc (IN)
INBK 34.84 8.8 77 Banks - Regional First Internet Bancorp
ISTR 17.71 9.5 79 Banks - Regional Investar Holding Corp
LNKB 7.22 8.6 76 Banks - Regional Linkbancorp Inc
MBIN 47.77 7.8 81 Banks - Regional Merchants Bancorp
MCB 55.46 7.8 83 Banks - Regional Metropolitan Bank Holding Corp
MPB 25.98 9.1 81 Banks - Regional Mid Penn Bancorp Inc.
MSBI 24.95 8.3 73 Banks - Regional Midland States Bancorp Inc
NECB 20.68 7.6 84 Banks - Regional NorthEast Community Bancorp Inc.
NEWT 14.74 6.9 72 Banks - Regional NewtekOne Inc
ALRS 21.86 9.4 73 Banks - Regional Alerus Financial Corp
AMAL 31.25 9.4 82 Banks - Regional Amalgamated Financial Corp
ASB 23.46 10 75 Banks - Regional Associated Banc-Corp.
CASH 63.70 9.4 81 Banks - Regional Pathward Financial Inc
CBAN 13.65 9.1 80 Banks - Regional Colony Bankcorp Inc.
CBNK 23.58 7.8 84 Banks - Regional Capital Bancorp Inc
CCB 52.33 9.1 76 Banks - Regional Coastal Financial Corp
CCNE 23.39 9.9 78 Banks - Regional CNB Financial Corp (PA)
BWFG 26.42 7.6 66 Banks - Regional Bankwell Financial Group Inc
BSVN 36.85 9.2 79 Banks - Regional Bank7 Corp
AX 70.81 9.8 84 Banks - Regional Axos Financial Inc.
BANC 14.67 8.2 69 Banks - Regional Banc of California Inc
BCAL 14.66 8.1 71 Banks - Regional Southern Calif Bancorp
BCBP 12.18 7.9 76 Banks - Regional BCB Bancorp Inc (NJ)
BFST 24.30 9.2 75 Banks - Regional Business First Bancshares Inc.
BLX 32.89 6.5 71 Banks - Regional Banco Latinoamericano De Comercio Exterior SA
CWBC 21.50 8 84 Banks - Regional Community West Bancshares.
CZFS 50.78 7.9 69 Banks - Regional Citizens Financial Services Inc.
DCOM 24.19 9.1 81 Banks - Regional Dime Community Bancshares Inc
CUBI 63.33 8.4 87 Banks - Regional Customers Bancorp Inc
CHMG 49.30 9.3 73 Banks - Regional Chemung Financial Corp.
CIVB 17.51 9.2 78 Banks - Regional Civista Bancshares Inc
HAFC 19.23 8.8 79 Banks - Regional Hanmi Financial Corp.
FRBA 14.50 8.3 80 Banks - Regional First Bank (NJ)
FRST 12.30 6.7 78 Banks - Regional Primis Financial Corp
FSBW 40.83 9.2 76 Banks - Regional FS Bancorp Inc
EQBK 40.40 9.5 82 Banks - Regional Equity Bancshares Inc
FBIZ 40.95 7.9 76 Banks - Regional First Business Financial Services Inc
FISI 22.55 7.2 81 Banks - Regional Financial Institutions Inc.
TBBK 48.16 9.2 90 Banks - Regional Bancorp Inc.
TCBX 23.96 9.9 72 Banks - Regional Third Coast Bancshares Inc
THFF 44.82 8.6 81 Banks - Regional First Financial Corp. - Indiana
VLY 7.91 7.7 70 Banks - Regional Valley National Bancorp
UNTY 31.57 7.3 73 Banks - Regional Unity Bancorp Inc.
MGTX 4.86 3 64 Biotechnology MeiraGTx Holdings plc
HRMY 34.71 8.9 69 Biotechnology Harmony Biosciences Holdings Inc
TGNA 16.02 7.2 76 Broadcasting TEGNA Inc
JELD 16.00 9.5 69 Building Products & Equipment JELD-WEN Holding Inc.
ACCO 4.88 4 59 Business Equipment & Supplies Acco Brands Corporation
ACTG 5.60 9.7 70 Business Equipment & Supplies Acacia Research Corp
BGC 9.58 9.7 75 Capital Markets BGC Group Inc
ASIX 25.05 6.5 65 Chemicals AdvanSix Inc
ARCH 161.66 7 52 Coking Coal Arch Resources Inc
AMR 318.71 9.9 58 Coking Coal Alpha Metallurgical Resources Inc
HCC 72.14 9.5 59 Coking Coal Warrior Met Coal Inc
METC 15.10 6.9 64 Coking Coal Ramaco Resources Inc
AVNW 30.28 8.3 61 Communication Equipment Aviat Networks Inc
COMM 1.52 2.8 62 Communication Equipment CommScope Holding Company Inc
CODI 23.70 9.9 68 Conglomerates Compass Diversified Holdings
MATW 27.35 9.9 64 Conglomerates Matthews International Corp.
MFIN 8.49 4.3 60 Credit Services Medallion Financial Corp.
NAVI 15.70 8.7 68 Credit Services Navient Corp
RM 28.19 5 55 Credit Services Regional Management Corp
OPFI 4.04 6.1 78 Credit Services OppFi Inc
ENVA 72.48 7.4 82 Credit Services Enova International Inc.
GDOT 9.99 5.8 60 Credit Services Green Dot Corp.
ATLC 35.77 5.7 85 Credit Services Atlanticus Holdings Corp
BFH 51.60 7.9 83 Credit Services Bread Financial Holdings Inc
AMPH 39.64 9.3 51 Drug Manufacturers - Specialty & Gen Amphastar Pharmaceuticals Inc
ALKS 24.60 9.8 55 Drug Manufacturers - Specialty & Gen Alkermes plc
COLL 31.95 4.7 47 Drug Manufacturers - Specialty & Gen Collegium Pharmaceutical Inc
PCRX 21.37 5.9 31 Drug Manufacturers - Specialty & Gen Pacira BioSciences Inc
IRWD 6.88 9.3 58 Drug Manufacturers - Specialty & Gen Ironwood Pharmaceuticals Inc
CHGG 3.72 3.5 62 Education & Training Services Chegg Inc
ENR 30.33 8.8 61 Electrical Equipment & Parts Energizer Holdings Inc
ATKR 152.57 8.6 68 Electrical Equipment & Parts Atkore Inc
SLND 4.16 6.3 37 Engineering & Construction Southland Holdings Inc
PLAY 40.12 9.9 45 Entertainment Dave & Buster's Entertainment Inc
LGF-A 9.07 9.7 51 Entertainment Lions Gate Entertainment Corp.
LGF-B 8.36 9 52 Entertainment Lions Gate Entertainment Corp.
AMCX 10.49 2.2 43 Entertainment AMC Networks Inc
MTW 11.86 8.8 59 Farm & Heavy Construction Machinery Manitowoc Co. Inc.
TEX 60.43 8.6 68 Farm & Heavy Construction Machinery Terex Corp.
TWI 8.22 7.5 63 Farm & Heavy Construction Machinery Titan International Inc.
WNC 23.75 8.9 67 Farm & Heavy Construction Machinery Wabash National Corp.
FDP 22.38 9.1 53 Farm Products Fresh Del Monte Produce Inc
DOLE 13.28 9.5 79 Farm Products Dole plc
MKTW 1.15 2.5 41 Financial Data & Stock Exchanges Marketwise Inc
SPTN 19.10 9.1 56 Food Distribution SpartanNash Co
DBI 7.39 6.9 51 Footwear & Accessories Designer Brands Inc
VRA 6.86 9.6 61 Footwear & Accessories Vera Bradley Inc
VIRC 16.18 9.1 65 Furnishings Fixtures & Appliances Virco Manufacturing Corp.
AMWD 93.50 9.2 75 Furnishings Fixtures & Appliances American Woodmark Corp.
LCUT 8.29 8.2 47 Furnishings Fixtures & Appliances Lifetime Brands Inc.
HOFT 15.69 9.5 60 Furnishings Fixtures & Appliances Hooker Furnishings Corporation
IGT 21.53 9.7 67 Gambling International Game Technology PLC
SGHC 3.71 9.2 65 Gambling Super Group (SGHC) Limited
EVRI 8.97 9.4 64 Gambling Everi Holdings Inc
GAMB 9.17 9.8 74 Gambling Gambling.com Group Ltd
CMCL 11.83 8.9 70 Gold Caledonia Mining Corporation Plc
HVT 26.70 9.4 57 Home Improvement Retail Haverty Furniture Cos. Inc.
HELE 61.08 7.7 16 Household & Personal Products Helen of Troy Ltd
NUS 10.72 7.2 43 Household & Personal Products Nu Skin Enterprises Inc.
TITN 17.60 7.8 60 Industrial Distribution Titan Machinery Inc
TTEC 7.71 4.4 67 Information Technology Services TTEC Holdings Inc
UIS 4.87 8.3 66 Information Technology Services Unisys Corp.
XRX 11.89 5.2 46 Information Technology Services Xerox Holdings Corp
IBEX 17.11 7.7 68 Information Technology Services IBEX Ltd
ESGR 335.48 8.4 67 Insurance - Diversified Enstar Group Limited
FIHL 17.77 5.1 66 Insurance - Diversified Fidelis Insurance Holdings Ltd.
FG 44.97 8.5 74 Insurance - Life F&G Annuities & Life Inc
GNW 6.39 9.8 67 Insurance - Life Genworth Financial Inc
CNO 30.29 8.7 75 Insurance - Life CNO Financial Group Inc
JXN 83.05 4.5 75 Insurance - Life Jackson Financial Inc
HCI 93.56 8.4 55 Insurance - Property & Casualty HCI Group Inc
HRTG 7.29 4.1 51 Insurance - Property & Casualty Heritage Insurance Holdings Inc.
HMN 34.92 9.2 67 Insurance - Property & Casualty Horace Mann Educators Corp.
ACIC 11.39 6.5 59 Insurance - Property & Casualty American Coastal Insurance Corp
UVE 19.52 9.6 59 Insurance - Property & Casualty Universal Insurance Holdings Inc
GLRE 13.30 8.3 60 Insurance - Reinsurance Greenlight Capital Re Ltd
HG 17.51 4.7 66 Insurance - Reinsurance Hamilton Insurance Group Ltd.
SPNT 13.38 7.4 69 Insurance - Reinsurance SiriusPoint Ltd
RDN 34.55 9.6 77 Insurance - Specialty Radian Group Inc.
JRVR 8.47 4.8 63 Insurance - Specialty James River Group Holdings Ltd
NMIH 37.42 8.2 80 Insurance - Specialty NMI Holdings Inc
ESNT 61.36 8.7 73 Insurance - Specialty Essent Group Ltd
ACT 33.20 8.3 76 Insurance - Specialty Enact Holdings Inc
CRD-A 9.45 8.6 65 Insurance Brokers Crawford & Co.
SSTK 42.73 9.9 68 Internet Content & Information Shutterstock Inc
DTC 2.42 4.6 62 Internet Retail Solo Brands Inc
JAKK 19.56 6.1 63 Leisure Jakks Pacific Inc.
VSTO 38.31 8.4 63 Leisure Vista Outdoor Inc
SIG 88.53 7.5 45 Luxury Goods Signet Jewelers Ltd
SB 5.75 7.3 50 Marine Shipping Safe Bulkers Inc
PANL 7.71 6.7 52 Marine Shipping Pangaea Logistics Solutions Ltd
NAT 3.79 5.6 40 Marine Shipping Nordic American Tankers Ltd
CMRE 15.48 5.4 48 Marine Shipping Costamare Inc
GNK 20.84 9.2 44 Marine Shipping Genco Shipping & Trading Limited
GOGL 13.40 8 47 Marine Shipping Golden Ocean Group Limited
ASC 20.40 7.1 42 Marine Shipping Ardmore Shipping Corp
AIRS 4.66 9.2 66 Medical Care Facilities Airsculpt Technologies Inc
MODV 26.00 4.9 51 Medical Care Facilities ModivCare Inc
MD 7.62 5.9 55 Medical Care Facilities Pediatrix Medical Group Inc
INMD 19.06 8.8 60 Medical Devices Inmode Ltd
IART 31.74 9.6 66 Medical Devices Integra Lifesciences Holdings Corp
PDCO 25.39 9.9 63 Medical Distribution Patterson Companies Inc.
OMI 14.43 7.5 44 Medical Distribution Owens & Minor Inc.
EMBC 13.20 6 60 Medical Instruments & Supplies Embecta Corp
CMPO 7.86 6.9 80 Metal Fabrication CompoSecure Inc
COOP 89.44 7.8 73 Mortgage Finance Mr. Cooper Group Inc
ECPG 48.63 5.8 76 Mortgage Finance Encore Capital Group Inc.
ONIT 25.10 3.4 58 Mortgage Finance Onity Group Inc.
PFSI 103.26 8.3 73 Mortgage Finance PennyMac Financial Services Inc.
SDRL 54.82 8.9 66 Oil & Gas Drilling Seadrill Ltd.
SOC 15.63 4.2 56 Oil & Gas Drilling Sable Offshore Corp.
NE 48.26 8.7 66 Oil & Gas Drilling Noble Corp Plc
DO 16.43 8 72 Oil & Gas Drilling Diamond Offshore Drilling Inc.
BORR 6.92 7.5 66 Oil & Gas Drilling Borr Drilling Ltd
BRY 6.83 9.3 60 Oil & Gas E&P Berry Corp
AMPY 7.34 5.2 70 Oil & Gas E&P Amplify Energy Corp.
CRC 52.97 7.9 58 Oil & Gas E&P California Resources Corporation
CRGY 12.40 4.6 57 Oil & Gas E&P Crescent Energy Co.
CRK 10.47 9.6 45 Oil & Gas E&P Comstock Resources Inc.
EGY 6.98 9 67 Oil & Gas E&P VAALCO Energy Inc.
GPOR 161.62 6.5 60 Oil & Gas E&P Gulfport Energy Corp.
GRNT 7.00 9.2 69 Oil & Gas E&P Granite Ridge Resources Inc
MUR 41.88 7.5 57 Oil & Gas E&P Murphy Oil Corp.
KOS 5.82 5.8 59 Oil & Gas E&P Kosmos Energy Ltd
SM 46.78 5.2 53 Oil & Gas E&P SM Energy Co
SBOW 38.97 4 60 Oil & Gas E&P SilverBow Resources Inc
REI 1.97 3.9 67 Oil & Gas E&P Ring Energy Inc
REPX 30.70 4.3 67 Oil & Gas E&P Riley Exploration Permian Inc.
NOG 41.38 7 67 Oil & Gas E&P Northern Oil and Gas Inc.
VTLE 46.07 4.6 55 Oil & Gas E&P Vital Energy Inc.
VAL 79.86 8.1 67 Oil & Gas Equipment & Services Valaris Ltd
TTI 3.76 8.3 63 Oil & Gas Equipment & Services Tetra Technologies Inc.
RES 6.37 7.5 55 Oil & Gas Equipment & Services RPC Inc.
RNGR 11.12 9.9 63 Oil & Gas Equipment & Services Ranger Energy Services Inc
LBRT 22.14 7.9 59 Oil & Gas Equipment & Services Liberty Energy Inc
FET 17.57 9.2 59 Oil & Gas Equipment & Services Forum Energy Technologies Inc
DTI 5.69 7.5 53 Oil & Gas Equipment & Services Drilling Tools International Corporation
AESI 21.85 6.2 60 Oil & Gas Equipment & Services Atlas Energy Solutions Inc.
ACDC 8.50 7.4 61 Oil & Gas Equipment & Services ProFrac Holding Corp
BOOM 14.89 9.1 62 Oil & Gas Equipment & Services DMC Global Inc
DHT 11.09 5 43 Oil & Gas Midstream DHT Holdings Inc
LPG 40.54 7.3 41 Oil & Gas Midstream Dorian LPG Ltd
INSW 57.19 6.6 45 Oil & Gas Midstream International Seaways Inc
TNK 65.09 4.5 44 Oil & Gas Midstream Teekay Tankers Ltd
STNG 77.60 6.4 44 Oil & Gas Midstream Scorpio Tankers Inc
PARR 24.58 7.4 46 Oil & Gas Refining & Marketing Par Pacific Holdings Inc
PBF 40.47 7.6 32 Oil & Gas Refining & Marketing PBF Energy Inc
HLF 11.35 5.2 57 Packaged Foods Herbalife Ltd
BGS 8.32 9.5 50 Packaged Foods B&G Foods Inc
MYE 14.73 8.7 56 Packaging & Containers Myers Industries Inc.
OI 11.70 5.1 56 Packaging & Containers O-I Glass Inc
PTVE 12.50 8.9 64 Packaging & Containers Pactiv Evergreen Inc
SLVM 72.18 9.8 63 Paper & Paper Products Sylvamo Corp
LSEA 11.27 8.2 71 Real Estate - Development Landsea Homes Corporation
FOR 36.91 9 71 Real Estate - Development Forestar Group Inc
NMRK 12.10 9.3 79 Real Estate Services Newmark Group Inc
RMAX 9.81 7.5 74 Real Estate Services RE/MAX Holdings Inc
GNL 8.43 7.8 78 REIT - Diversified Global Net Lease Inc
FBRT 13.33 7.9 65 REIT - Mortgage Franklin BSP Realty Trust Inc.
EFC 13.08 7.9 77 REIT - Mortgage Ellington Financial Inc
CIM 15.40 9.6 78 REIT - Mortgage Chimera Investment Corp
BRSP 6.62 7.4 76 REIT - Mortgage BrightSpire Capital Inc
ABR 13.71 8.2 46 REIT - Mortgage Arbor Realty Trust Inc.
AOMR 12.22 9.4 53 REIT - Mortgage Angel Oak Mortgage REIT Inc
ARI 10.81 9.5 71 REIT - Mortgage Apollo Commercial Real Estate Finance Inc
ARR 21.64 5.4 77 REIT - Mortgage ARMOUR Residential REIT Inc
RC 9.26 7.2 69 REIT - Mortgage Ready Capital Corp
RWT 7.50 9.8 81 REIT - Mortgage Redwood Trust Inc.
REFI 16.00 6.9 63 REIT - Mortgage Chicago Atlantic Real Estate Finance Inc
SEVN 13.92 9.7 74 REIT - Mortgage Seven Hills Realty Trust .
NREF 15.26 7.6 68 REIT - Mortgage NexPoint Real Estate Finance Inc
MITT 7.52 8.1 77 REIT - Mortgage AG Mortgage Investment Trust Inc
PMT 14.72 9.8 68 REIT - Mortgage Pennymac Mortgage Investment Trust
KREF 9.96 9.1 70 REIT - Mortgage KKR Real Estate Finance Trust Inc
LADR 12.01 9.2 74 REIT - Mortgage Ladder Capital Corp
MFA 11.72 7.6 75 REIT - Mortgage MFA Financial Inc
IVR 9.84 2.9 66 REIT - Mortgage Invesco Mortgage Capital Inc
TWO 14.06 7.7 70 REIT - Mortgage Two Harbors Investment Corp
TRTX 9.50 8.7 73 REIT - Mortgage TPG RE Finance Trust Inc
UNIT 3.90 9.5 72 REIT - Specialty Uniti Group Inc
AFCG 9.51 7.1 71 REIT - Specialty AFC Gamma Inc
HRI 153.31 9.8 69 Rental & Leasing Services Herc Holdings Inc
KBH 82.13 9.3 75 Residential Construction KB Home
LGIH 107.23 9.3 71 Residential Construction LGI Homes Inc
MTH 190.53 8.9 73 Residential Construction Meritage Homes Corp.
MHO 148.87 8.2 77 Residential Construction MI Homes Inc.
BZH 33.04 6 73 Residential Construction Beazer Homes USA Inc.
CCS 97.17 8.3 76 Residential Construction Century Communities Inc
DFH 30.58 8.8 68 Residential Construction Dream Finders Homes Inc
GRBK 70.08 8.8 80 Residential Construction Green Brick Partners Inc
TPH 44.41 8.8 80 Residential Construction Tri Pointe Homes Inc.
TMHC 65.29 7.5 78 Residential Construction Taylor Morrison Home Corp.
HGV 44.17 9.4 71 Resorts & Casinos Hilton Grand Vacations Inc
JACK 54.81 7.7 60 Restaurants Jack In The Box Inc.
DIN 35.90 5.5 51 Restaurants Dine Brands Global Inc
BLMN 18.58 6.9 47 Restaurants Bloomin Brands Inc
STKS 4.99 5.9 63 Restaurants ONE Group Hospitality Inc
UPBD 33.39 7.6 67 Software - Application Upbound Group Inc
BMBL 10.04 9.2 49 Software - Application Bumble Inc
ALIT 7.09 8.6 42 Software - Application Alight Inc.
ADEA 11.93 8 67 Software - Application Adeia Inc
APPS 2.47 5.2 74 Software - Application Digital Turbine Inc
DBD 44.60 8 66 Software - Application Diebold Nixdorf Inc
EGHT 3.07 6.2 74 Software - Application 8X8 Inc.
NATL 31.99 6.7 70 Software - Application NCR Atleos Corp
MAPS 1.03 7.7 50 Software - Application WM Technology Inc
RMNI 3.16 9.2 65 Software - Application Rimini Street Inc.
RPAY 9.82 9.5 47 Software - Infrastructure Repay Holdings Corporation
PSFE 20.52 6.1 74 Software - Infrastructure Paysafe Limited
NTCT 19.22 8.8 56 Software - Infrastructure Netscout Systems Inc
PAGS 13.64 9.6 77 Software - Infrastructure PagSeguro Digital Ltd
IMXI 21.11 8 59 Software - Infrastructure International Money Express Inc.
GCT 30.60 7.7 47 Software - Infrastructure GigaCloud Technology Inc
CCSI 19.58 3.6 65 Software - Infrastructure Consensus Cloud Solutions Inc
STNE 13.66 9 63 Software - Infrastructure StoneCo Ltd
YEXT 5.23 8.4 54 Software - Infrastructure Yext Inc
ARRY 11.73 7.4 54 Solar Array Technologies Inc
QUAD 6.18 5.8 73 Specialty Business Services Quad/Graphics Inc
OEC 23.53 9.2 62 Specialty Chemicals Orion S.A
KOP 38.37 7.4 50 Specialty Chemicals Koppers Holdings Inc
HDSN 9.14 9 58 Specialty Chemicals Hudson Technologies Inc.
MATV 16.85 9.6 52 Specialty Chemicals Mativ Holdings Inc
ECVT 9.64 8.6 63 Specialty Chemicals Ecovyst Inc
CMT 17.98 8 61 Specialty Chemicals Core Molding Technologies
WTTR 11.17 9.7 67 Specialty Chemicals Select Water Solutions Inc
PKOH 27.84 7.3 66 Specialty Industrial Machinery Park-Ohio Holdings Corp.
ONEW 29.32 7.7 61 Specialty Retail Onewater Marine Inc
ODP 41.58 5.6 61 Specialty Retail ODP Corporation
SBH 11.65 6.3 59 Specialty Retail Sally Beauty Holdings Inc
ASO 57.02 7.9 62 Specialty Retail Academy Sports and Outdoors Inc
BBW 26.13 6.7 53 Specialty Retail Build A Bear Workshop Inc
KELYA 22.33 7.5 59 Staffing & Employment Services Kelly Services Inc.
CABO 363.26 9.3 55 Telecom Services Cable One Inc
BTU 23.80 9 57 Thermal Coal Peabody Energy Corp.
CEIX 106.64 7.9 62 Thermal Coal Consol Energy Inc
VGR 11.53 9.2 65 Tobacco Vector Group Ltd
ULH 44.95 8.8 66 Trucking Universal Logistics Holdings Inc
HE 12.16 5.7 69 Utilities - Regulated Electric Hawaiian Electric Industries Inc.
That's a fairly drastic step .... lots of Russell 2000 stocks remain cheap despite the 10% rally of the past week. What's your cash position going to be ?
CUBI +5.82 to 64.47, having a fantastic 5 day run .... last Tuesday the stock was at $47.50, so a hefty 35% gain in a week ! That's a pretty darn good for a bank.
PSIX -.66 to 10.94, I've sold about half my position, but have GTC bids placed to buy back in the $8's and lower .... it's a <1% position, so not much risk to me. Who knows how legit the financials are ?
Rotation Trade -
briefing -
Market Briefing: Rotation trade underway
The rotation trade that took root last week has continued this week. It is plainly evident today with the Russell 2000 up 2.3% and the Dow Jones Industrial Average up 1.4% versus a 0.4% decline for the Vanguard Mega-Cap Growth ETF (MGK) and a 0.1% decline for the Nasdaq Composite. Moreover, the equal-weighted S&P 500 is up 1.1% while the market-cap weighted S&P 500 is up only 0.3%.
This rotation and a broadening out of the buying interest is connected strongly to the market's growing belief that the Fed is on course to cut its policy rate soon -- and perhaps as many as three times before the end of the year. Advancers lead decliners by a better than 4-to-1 margin at the NYSE and by a nearly 3-to-1 margin at the Nasdaq.
Currently, the fed funds futures market is pricing in a 100% probability of a 25-basis points rate cut at the September FOMC meeting, a 65.7% probability of another 25-basis points rate cut at the November FOMC meeting, and a 59.4% probability of a third 25-basis points rate cut at the December FOMC meeting.
That view has been a breakout catalyst for the broader market along with sliding market rates and a presumption that an election victory by former President Trump in November would lead to market-friendly policies. Including today's gain, the Russell 2000 is up 10.4% since July 5.
Encouraging earnings results from Dow component UnitedHealth (UNH 543.92, +28.55, +5.5%), Bank of America (BAC 43.71, +1.82, +4.4%), Morgan Stanley (MS 107.40, +2.14, +2.0%), and PNC Financial Services (PNC 175.01, +5.99, +3.6%) have lent further support to the market today along with the stronger-than-expected June retail sales report, which conveyed the notion that the economy is not on a hard landing track.
Today's best-performing sectors are the industrials (+1.9%), materials (+1.3%), health care (+1.1%), consumer discretionary (+0.8%), and financial (+0.7%) sectors.
AP +.03 to 1.53, I just added a GTC bid at 1.45 .....
Homebuilders on fire again today with several hitting new all time highs including MHO, KBH and TMHC.
NU +.01 to 13.42, is too pricey for me at 32x 2024 estimates and I'd be reluctant to invest much in a Brazilian company, but the growth has been very strong and could continue, so it might still be a buy even after the huge 280% gain over the past 18 months.
KEQU +7.02 to 52.80 on heavy early volume of 40k .... dang, I've had GTC bids waiting, but never got a fill in the low $40's. I just placed a higher bid in case there's a pullback.
AAOI +.77 to 10.15, nice call on buying at 8.62 last week, but I see you already flipped it at 9.18 missing out on a much bigger gain ? Your pace of trading is frenetic, but you're booking solid profits overall and that's what counts.
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=174742627
CELH -5.76 to 53.14, looks pricey to me at around 50x 2024 EPS estimates and I'm skeptical of the growth estimates. These types of drinks are faddish and growth has slowed sharply the past few quarters.
AP -.10 to 1.56, nice trading, I missed the buying opportunity at around $1.05 on Wednesday .... what a fabulous opportunity that was, but I just placed a GTC order to buy at $1.35 in case it dips again.
Homebuilders like MHO (+9%) are hot today as the 30 year mortgage rate drops to 6.85% ..... the sector has been down YTD and looks due for a rebound.
INMD -.24 to 17.30, rebounding from the morning low of 16.44 and a pre-market low of 14.92 (which is the year when Christopher Columbus sailed the ocean blue, haha).
The weak Q2 numbers were already priced in as reflected by the stock action. They are in the midst of a product transition. Their full year guidance implies record 2nd half revenues of $269M, up from $167M in the 1st half, although it remains to be seen whether they can meet their lowered guidance.
Keep in mind that INMD was in the mid $40's just about a year ago, so seems a bargain now at $17 with guidance for record 2nd half revenues.
I'm holding onto to all my shares, but did write some more covered calls this morning. I think the stock will be significantly higher in 6 to 12 months, jmho. I have a GTC bid in at $14.92 just in case it revisits the pre-market bottom.
Great day of outperformance for the Russell, now up 2.9% versus an 0.8% loss for the S&P. It's about time ! Lots of green on my screen. The positive CPI report is good news for the economy and the small caps.
Indexes YTD - a great year for the megacap tech stocks, but a lackluster year for small caps and microcaps -
TKR % Change Cur Price Start Price
$NYFANG 41% 12251.45 8716.33
$RLG 26% 3851.819 3051.676
$COMP 24% 18647.449 15011.35
$NDX 23% 20675.381 16825.93
$SPX 18% 5633.91 4769.83
$RLV 6% 1727.816 1629.421
$DJI 5% 39721.359 37689.539
$MID 5% 2922.47 2781.54
$SPXEW 5% 6697.32 6402.89
$DJU 4% 918.5 881.67
$RUT 1% 2051.75 2027.07
$RUMIC -1% 722.513 731.013
$SML -2% 1295.47 1318.26
$W5KMICRO-3% 12930.22 13358.71
$DJT -5% 15099.11 15898.85
CCME - here's a funny post promoting the stock back in 2011, lol
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=60875183&txt2find=CCME
While taking a crap in a public restroom in Beijing I overheard a rickshaw driver tell a Wok Jockey (street vendor) that when he was on a commuter bus to the airport, he saw CCME's CEO hurrying to install a Flat Panel display.
He said the bus driver tried to kick the CEO off, but the CCME's CEO bribed the bus driver with some Kentucky Fried Chicken (3 piece extra crispy dinner with slaw, mashed potatoes and biscuit) and he got the display mounted in 12 minutes flat.
The rickshaw driver said when he saw this, he knew CCME stock was a 'winner' and he bought 15,000 shares. Anyway, I think this rickshaw driver was right on the money. And this means that when the auditors do a count of actual numbers of buses with CCME displays that it WILL BE HUGE. (even if they are not hooked up)
I'm guessing they halted the stock so the CEO and other CCME management could install a few dozen more displays ahead of the final audit.
HELE -2.57 to 61.76, it's not cheap enough for me given the headwinds and likelihood that they cut annual EPS guidance yet again .... if it drops under $50, I'd get more interested -
fly -
DA Davidson downgraded Helen of Troy to Neutral from Buy with a price target of $67, down from $139. The firm is not confident in second half of FY25 top-line improvement given the harder comps in prior year and also cites heightened competition and promotional activity while cutting its FY25 EPS estimate by 19%. The firm also cites a lack of clarity on how much brand investment will be needed due to inadequate levels in the past.
PSIX -2.84 to 10.34 on heavy volume of 445k, a terrific 40% bounce off the morning low of 7.34 ..... I just trimmed a few shares at $10 and placed bids to buy back lower ..... this could be a nice trader in the coming hours and days ....
GTEC +.43 to 1.85 on heavy volume of 254k ..... no news that I could find, but might be a newsletter recommendation. This stock has spiked up several times in past years and I'm hoping this move attracts momentum traders to keep the rally going .... the 52wk high is $5.25.
PSIX -5.40 to 7.78, damn, I never sold a single share .... oh well, easy come, easy go !
AAOI -.25 to 8.29, I think it's a good risk/reward play at this price level ..... it's one of my Pick 10 stocks and I'm currently averaged into a 2% position at around $8.75. It might be $5 by year end, but could also be back at $20+.
PSIX 1.69 to 12.19 on heavy volume of 165k. This stock is getting noticed by traders !
A fabulous find by KIK .... I bought my first shares at $2.15 in late January and placed several GTC orders at lower prices. I received periodic fills through late February, the final one at $1.90. I have not yet sold a single share, but even after the huge gains it's just a very small <1% position due to the illiquidity. In hindsight I should have been buying aggressively rather than passively.
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=173725619&txt2find=psix
TSLA +5 to 251 and up a stunning 50% in just the last 3+ weeks all because Q2 deliveries were "only" down 4.8% y/y. And gross margins were probably way down from a year ago. Now trading at around 100x 2024 EPS estimates, this rally looks a tad overdone, but the Tesla fan club keeps bidding it higher ..... maybe the earnings report on 7/23 will chill the enthusiasm ?
https://www.wsj.com/business/autos/teslas-second-quarter-vehicle-deliveries-fell-4-8-7dea363d?st=r2zupl0i2qw5kve&reflink=desktopwebshare_permalink
BMY +.20 to 39.66, does look oversold but keeps getting cheaper .... I put it back on my watchlist, thanks.
Lots of red on my screen with the Russell down 0.6% while the S&P500 is up 0.5% to yet another all time high led by the megacaps ..... the S&P is up 17% YTD while the Russell is down slightly. It's got to be among the worst YTD underperformances for the Russell in history. Ugh !
Reminder - market closes at 1pm today ahead of the July 4th holiday.