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.
'Houston, we have a pincher.'
— Option Millionaires (@OMillionaires) April 29, 2024
Has been a while since $BIIB has shown any life...
Looks like someone got the paddles out post earnings... pic.twitter.com/OdLcb30JQR
One of my favorite $TRUP narratives spread by the bears... horrible reviews. As if an insurer is supposed to get raving reviews. They either cover it or not. If they cover, everyone moves on, if they don't people leave bad reviews... simple stuff ...lt is like most state DMV… pic.twitter.com/DbiliujeaA
— Option Millionaires (@OMillionaires) April 29, 2024
UPB in da HIZZLE
Morning Watch List : https://www.optionmillionaires.com/april-29th-2024-watch-list/
Morning Rant if you missed -> https://www.optionmillionaires.com/jb-pre-market-rant-april-29th-2024/
Instacart price target raised to $48 from $36 at Oppenheimer
Oppenheimer raised the firm's price target on Instacart (CART) to $48 from $36 and keeps an Outperform rating on the shares. Within the Gig Economy, Instacart is the firm's top pick. While conservative, Oppenheimer forecasts Instacart's share will remain largely unchanged by 2026 at 21%. Nonetheless, the firm expects Amazon's (AMZN) grocery delivery subscription will put some pressure on net adds for CART's Instacart+, as some Prime Members will be likely to adopt Amazon's solution before signing up for Instacart, especially given the compare monthly fee/order thresholds. This also supports the acquisition of Instacart by Uber (UBER) or DoorDash (DASH), allowing them to bundle into a single monthly subscription.
SoFi Technologies raises FY24 EPS view to 8c-9c from 7c-8c, consensus 8c
Raises FY24 revenue view to $2.39B-$2.43B from $2.37B-$2.41B, consensus $2.37B. Raises FY24 adjusted EBITDA view to $590M-$600M from $580M-$590M. The company said, "2024 remains a transitional year for SoFi as the Tech Platform and Financial Services segments together are expected to drive growth and increase from 38% of total adjusted net revenue in 2023 to approximately 50% for the full year of 2024. For the full year 2024, management expects to deliver adjusted net revenue of $2.39 to $2.43 billion, which is $25 million higher than the implied prior guidance range of $2.365 to $2.405 billion. This guidance assumes Lending revenue will be 92% to 95% of 2023 levels, which is unchanged from prior guidance, Tech Platform will grow approximately 20% year over year, which is also unchanged, and Financial Services revenue is expected to grow more than 75% year over year. Additionally, management now expects to deliver adjusted EBITDA of $590 to $600 million, above prior guidance of $580 to $590 million. This represents 15 to 17% adjusted net revenue growth and a 25% Adjusted EBITDA margin. Management now expects full-year GAAP net income of $165 to $175 million, above prior guidance of $95 to $105 million, and GAAP EPS of $0.08 to $0.09, above prior guidance of $0.07 to $0.08. Management now expects growth in tangible book value of approximately $800 million to $1 billion for the year versus previous guidance of $300 to $500 million, given the benefits of the recent convertible debt exchange along with the effects of new convertible issuance. We now expect to end the year with a total capital ratio of over 16%, due to those transactions versus our previous guidance of 14%. We continue to expect to add at least 2.3 million new members in 2024, which represents 30% growth. "
FYI: Not in $RILY since Friday - but something strange in the option market. I'll try and have it all out later, but there is over $30 mil in Notional Value on the May 17th calls side, with a large amount of deep-in-the-money strikes...
That is just one expiry... maybe nothing or maybe something 👀
Roku price target lowered to $80 from $110 at Susquehanna
Susquehanna analyst Shyam Patil lowered the firm's price target on Roku to $80 from $110 and keeps a Positive rating on the shares. The firm said they reported a solid 1Q with revenue and profitability above expectations. While 2Q headline numbers were generally fine, tougher comps and 606 accounting are expected to impact platform revenue growth in 2Q.
SoFi Technologies sees Q2 revenue $555M-$565M, consensus $580.73M
The company said, "For the second quarter of 2024, management expects to deliver adjusted net revenues of $555 to $565 million, adjusted EBITDA of $115 to $125 million and Net Income of $5 to $10 million."
SoFi Technologies reports Q1 EPS 2c, consensus 1c
Reports Q1 revenue $645M, consensus $556M. Reports Q1 tangible book value per share $3.92. Anthony Noto, CEO of SoFi Technologies, Inc. commented: "Our first quarter was an exceptionally strong start to 2024, demonstrating significant momentum as we responsibly grow revenue and diversify toward our Financial Services and Tech Platform segments, sustain profitability, reinforce our balance sheet, and grow our member base. We delivered adjusted net revenue of $581 million, representing 26% year-over-year growth. Financial Services and Tech Platform segment revenue combined grew 54% and represented a record 42% of consolidated adjusted net revenue, offsetting flat Lending segment revenue given a more conservative approach in light of macroeconomic uncertainty."
$SMCI 14.7%
$AAPL 4.6%
$COIN 12.9%
$AMZN 7.6%
$SQ 11.7%
$DKNG 10.8%
$AMD 8.6%
$NVO 6.1%
$MCD 3.0%
$PYPL 9.1%
$LLY 5.2%
$SBUX 6.6%
$QCOM 7.9%
$CVNA 17.9%
$ETSY 11.3%
$FSLY 18.1%
$FSLR 9.0%
$MGM 6.3%
$CAR 16.2%?
$MOS 6.5%
$MET 4.4%
$ZG 12.9%
$PTON 21.0%
$W 14.9%
$CI 4.1%?
$REGN 5.0%
$INMD 11.7%
$SWK 7.3%
$NET 13.6%
$BKNG 5.7%
$FTNT 10.4$
$EXPE 9.6%
?$AMGN 5.0%
$ILMN 8.3%
$GDDY 7.6%
$TRUP 21.0%
$WW 21.5%
$TNDM 16.4%
$FUBO 23.1%
$LNG 4.4%
$XPO 12.1%
$LMND 16.4%
$ROOT 30.2%
$MDLZ 3.4%
$SYK 5.7%
$CLX 5.4%
$LC 13.3%
$PRU 5.0%
$INVH 4.2%
$PFE 4.6%
?$CVS 5.3%?
$MA 4.2%?
$WING 11.7%
$KHC 4.1%
$MAR 5.0%
$MMM 5.7%
$KO 2.2%
$CCJ 7.6%
$ETN 7.1%
$GLW 4.8%
$EL 9.9%
$GRMN 5.7%
$YUM 4.4%
$DD 5.4%
Tractor Supply price target raised to $300 from $265 at Piper Sandler
Piper Sandler raised the firm's price target on Tractor Supply to $300 from $265 and keeps an Overweight rating on the shares following Q1 results, which saw EPS upside with inline sales/comp. With over 10% EPS growth in Q1, and healthy potential for upside to 2024 guidance, Tractor Supply has one of the more attractive 2024 outlooks in the firm's coverage universe.
TESLA SHARES GAIN 8.6% ON BAIDU FULL-SELF DRIVING PARTNERSHIP
Elon Musk visits China as Tesla seeks self-driving technology rollout
goooooooooood mornong
UGGG that's nuts!
Today's Rant --->
https://optionmillionaires.com/jbs-afternoon-rant-april-26th-2024/
💡0:20 #markets $SPY $SPX $VIX #vix
💡3:17 $RILY #rily
💡5:15 $TRUP #TRUPANION
💡11:22 $CAVA #CAVA
💡14:00 $VKTX #vikingtherapeutics
💡17:00 $AI #AI #c3ai
💡18:23 #theFedMeeting #earnings $PYPL $AMZN $AAPL $COIN $SQ $NVO
#StocksToWatch
Have a few 15 day trials to https://optionmillionaires.com - for information send an email to optionmillionaires@gmail.com with ‘trial’ in the header - first come basis
I got a shit load of $73 calls this morning for 20 cents. Etrade created a market sell order at 3:40pm and they got sold for 50c. could have been double that. I understand their motives , but 3:40pm ? really ?
Before the herd on $RILY ...
Apr 3rd: 3 weeks ago:(8:40 on the clip) :
3 weeks ago on $RILY ---> 14:20 point :
Funny, no block of shares come down on the ask on $TRUP in the pre-market to induce sellers like yesterday. Seller could have walked ask down and got a better offer...
Instead plopped it down 7% ... nothing to see here
#manipulation
Pre-market rant if you missed --> https://www.optionmillionaires.com/jb-pre-market-rant-april-26th-2024/
Morning Watch List ->
https://www.optionmillionaires.com/april-26th-2024-watch-list/
💡 $SPY
💡 $URI
💡 $POOL
💡 $RIKY
💡 $TRUP
💡 $AI
💡 $GOOGL
💡 $META
💡 #StocksToWatch
Morning Watch List : https://www.optionmillionaires.com/april-26th-2024-watch-list/
While Meta's (META) heavy AI spending and light revenue outlook alarmed investors, huge investments in the new technology from other Big Tech players Alphabet (GOOG, GOOGL) and Microsoft (MSFT) are paying off. Both companies reported earnings that topped expectations across the board, cementing their dominance in the AI field and convincing investors that their huge AI bets are reaping more immediate returns.
Search strength: Alphabet surged by double digits AH on Thursday - GOOG +11.4%, GOOGL +11.6% - after its Q1 results easily cleared analyst expectations, with strong performance particularly at YouTube. The tech giant also rewarded investors with its first ever dividend and announced a $70B stock buyback. "Our results reflect strong performance from Search, YouTube and Cloud," said CEO Sundar Pichai. "We are well under way with our Gemini era and there’s great momentum across the company." He also noted that Google's AI offerings boosted core search results in the quarter.
AI cloud boost: Microsoft (MSFT) rose 4.4% AH on Thursday, as the tech giant's Q3 results beat expectations, helped by AI adoption across its cloud services, and its forecast largely matched Street estimates. "Microsoft Copilot and Copilot stack are orchestrating a new era of AI transformation, driving better business outcomes across every role and industry," said CEO Satya Nadella. To note, the company's AI-driven spending in the quarter was about $1B more than what analysts expected, but that didn't deter investors as it appears warranted given huge customer demand.
SA commentary: Investing Group Leader Ahan Vashi said while Alphabet is spending big on AI, it is on track to generate around $80B free cash flow in 2024. However, he is moving to the sidelines as its "valuation is now too rich, and long-term risk/reward warrants a rating downgrade." SA analyst Livy Investment Research noted that Microsoft has a "lofty" valuation premium relative to its Magnificent 7 and broader tech sector peers. "However, we remain confident in further upside potential, given its expansive reach into AI opportunities across different layers of the value chain." (89 comments)
Inflation fears
Don't expect the inflation picture to get much, if any, better when the Commerce Department releases its March data for personal income and outlays today. Economists expect both the PCE price index and core PCE, which excludes volatile food and energy prices, to rise 0.3% M/M in March. To note, Q1 GDP didn't rise as much as expected, but PCE inflation came in hotter, unnerving investors. "This implies upside risks to the key monthly core PCE deflator and makes a near-term rate cut even less likely," said ING Economic and Financial Analysis. Even so, Treasury Secretary Janet Yellen affirmed that the fundamentals are in line with inflation continuing back down to normal levels. (10 comments)
Net neutrality
The Federal Communications Commission has voted to bring back net neutrality rules that had been repealed in 2017 under Trump's administration. The rules would prohibit internet providers from favoring or limiting certain kinds of traffic across the network, by re-establishing the treatment of internet providers as Title II common carriers. The FCC also used its new authority to block certain Chinese firms from providing broadband services in the U.S. over national security concerns. The FCC's decision "will deter investments and innovation necessary to connect all Americans," said Jordan Crenshaw, senior vice president, U.S. Chamber of Commerce Technology Engagement Center. (3 comments)
NBA streaming
Discussions are ongoing for the National Basketball Association's next round of media packages, which will be effective after the 2024-2025 season, and competition is heating up. Amazon (AMZN) and Google's (GOOG, GOOGL) YouTube are vying for a new NBA streaming package. Meanwhile, Comcast's (CMCSA) NBCUniversal has set its sights on a major TV deal currently held by Disney's (DIS) ESPN and Warner Bros. Discovery's (WBD) TNT. Both Disney and Warner have pitched paying much more while airing fewer games under a new pact. The companies' exclusive negotiating window to renew their contracts has expired, allowing the NBA to negotiate with other suitors. (3 comments)
Today's Markets
In Asia, Japan +0.8%. Hong Kong +2.1%. China +1.2%. India -0.8%.
In Europe, at midday, London +0.5%. Paris +0.3%. Frankfurt +0.7%.
Futures at 7:00, Dow +0.1%. S&P +0.7%. Nasdaq +1%. Crude +0.7% to $84.11. Gold +0.8% to $2,360.20. Bitcoin +0.9% to $64,172.
Ten-year Treasury Yield unchanged at 4.70%.
Today's Economic Calendar
Personal Income and Outlays
10:00 Consumer Sentiment
1:00 PM Baker Hughes Rig Count
Companies reporting earnings today »
What else is happening...
US2Y yield tops 5%, US10Y yield hits five-month high after GDP data.
Bristol-Myers (BMY) to cut 2,200 jobs as part of $1.5B cost savings plan.
Anglo American (OTCQX:AAUKF) rejects BHP's $39B takeover offer.
Intel (INTC) stumbles as weak guidance and AI, foundry issues weigh.
Cannabis stocks outperform as pressure mounts for rescheduling weed.
Microsoft (MSFT)-backed cybersecurity firm Rubrik soars 21% in debut.
PG&E (PCG) CEO: Warren Buffett 'got it wrong' on California wildfire risk.
Paramount (PARA) sinks amid report deal with Skydance is getting closer.
Hertz (HTZ) slides 20% as depreciating Teslas (TSLA) dent bottom line.
Cleveland-Cliffs (CLF) CEO still interested in acquiring U.S. Steel (X).
BOJ keeps interest rate unchanged; yen hits weakest level in 34 years.
U.S. PCE chain price indexes each increased 0.3% in March for the headline and core, in line with expectations.These follow respective increases of 0.3% for both in February, after January gains of 0.4% and 0.5%.They leave 12-month rates at a 2.7% y/y from 2.5% y/y for the headline, the hottest since November. The core rate was steady at 2.8% y/y, unchanged from February (for 2 decimal points), and ties the slowest since March 2021.Personal income rose 0.5% from 0.3% previously.Compensation increased 0.6% from 0.7%.Wage and salary income climbed 0.7% from 0.7% (was 0.8%).Disposable income rose 0.5% from 0.2%.Spending surged 0.8% again, as it did in February.The savings rate fell to 3.2% from 3.6%.
Snap price target raised to $16 from $12 at Truist
Truist raised the firm's price target on Snap to $16 from $12 and keeps a Hold rating on the shares. The company's stronger than expected Q1 results reflect broad-based improvement across DR and Brand businesses, along with traction with Snapchat+ and good cost management, the analyst tells investors in a research note. The inflection observed in both DR and Brand growth suggest that changes to the ad products are starting to resonate with the growing roster of advertisers, the firm added.
Largest decreases in stock option open interest $GILD $META $CLF $SNAP $RTX $SPCE $UBER $HTZ
Todays largest increases in stock option open interest $PFE $GILD $TSLA $HLT $AGNC $UBER $SIRI $WOOF $HL
UPB in da HIZZLE
Not pumping her........just thought I'd post a chart.......How you been Joby?
Z
Mohawk Industries reports Q1 adjusted EPS $1.86, consensus $1.68
Reports Q1 revenue $2.7B, consensus $2.65B. Commenting on the Company's first quarter results, Chairman and CEO Jeff Lorberbaum stated, "Though economic headwinds are impacting industry sales, margins and mix, our first quarter results reflected the positive effect of actions we are taking to enhance our performance. Our earnings per share rose year over year as a result of restructuring, productivity initiatives and benefits from lower cost raw materials and energy, partially offset by weaker pricing and mix. Across our regions, market conditions remained similar to the prior quarter, with significant pricing and mix pressure due to industry competition for volume. Though slowing, the commercial channel continues to outperform residential. Residential remodeling remains soft due to low housing sales and the impact of inflation on discretionary spending. Retailers have reported that consumers are reluctant to initiate higher ticket projects, with flooring facing greater pressure since most replacements can be readily deferred. Our teams remain focused on managing through the near-term environment, realizing sales opportunities, reducing controllable costs and completing restructuring initiatives. We continue to manage our production levels to align inventories with market demand. To stimulate sales, we are investing in new product introductions with enhanced features and merchandising that conveys the value of our collections. Given inflationary pressures in labor, benefits and other items, we continue to take additional actions to reduce our cost structure and improve productivity."
Federated Hermes reports Q1 EPS 89c, consensus 88c
Reports Q1 revenue $396.37M, consensus $401.26M. "Investors continued to turn to the attractive yields available in our liquidity products. Our money market asset increases drove Federated Hermes to record assets under management for the sixth consecutive quarter," said J. Christopher Donahue, president and chief executive officer. "Investors also sought to add duration to portfolios, and net sales of fixed-income products were led by our flagship core-plus offering, Federated Hermes Total Return Bond Fund, the Federated Hermes Total Return Bond ETF and ultrashort products. In equities, we saw demand for a range of our Federated Hermes MDT strategies utilizing our proprietary alpha-seeking model.
Alphabet authorizes repurchase up to an additional $70B in stock
Alphabet's board of directors authorized the company to repurchase up to an additional $70.0B of its Class A and Class C shares in a manner deemed in the best interest of the company and its stockholders, taking into account the economic cost and prevailing market conditions, including the relative trading prices and volumes of the Class A and Class C shares.
Alphabet authorizes repurchase up to an additional $70B in stock
Alphabet's board of directors authorized the company to repurchase up to an additional $70.0B of its Class A and Class C shares in a manner deemed in the best interest of the company and its stockholders, taking into account the economic cost and prevailing market conditions, including the relative trading prices and volumes of the Class A and Class C shares.
JB's rant if you missed --> https://www.optionmillionaires.com/jb-afternoon-rant-april-25th-2024/
Followers
|
2447
|
Posters
|
|
Posts (Today)
|
18
|
Posts (Total)
|
363624
|
Created
|
02/25/08
|
Type
|
Free
|
Moderator jimmybob | |||
Assistants Mikey leemalone2k3 stutz7 uranium-pinto-beans retiredMM Nolerman |
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 | ||
Re: uranium-pinto-beans post# 82823 | | Post # of 87811 |
uranium-pinto-beans | | Tuesday, February 14, 2012 8:20:48 PM | ||
Re: uranium-pinto-beans post# 83085 | | Post # of 87811 |
jimmybob | | Friday, March 02, 2012 11:58:33 AM | ||
Re: jimmybob post# 87690 | | Post # of 87809 |
jimmybob | | Friday, March 02, 2012 12:10:44 PM | ||
Re: jimmybob post# 87692 | | Post # of 87809 |
jimmybob | | Monday, February 13, 2012 11:22:59 PM | ||
Re: jimmybob post# 80632 | | Post # of 87807 |
Posts Today
|
18
|
Posts (Total)
|
363624
|
Posters
|
|
Moderator
|
|
Assistants
|
Volume | |
Day Range: | |
Bid Price | |
Ask Price | |
Last Trade Time: |