Now that my daughter is a few years old, my wife has a lot of free time on her hands. She stopped working in 2021 but has 7+ yrs experience in sales (Taj, ITC and Hyatt).
She wants to start a new business/shop along with two of her friends. They are willing to spend upto 1Cr for setting it up and here are some of the ideas they have come up with: 1. Kids soft play area 2. FirstCry Store 3. Biba/Fab India Store
Looking forward to hear about some new ideas or guidance from experienced redditors.

Recruiters do lie, and i’m very well aware of that. But he is telling me absolutely everything I want to hear, and it sounds way too good to be true.
Without giving too many details, basically any other recruiter wouldn’t touch me and my medical record with a 10 foot pole. I have past diagnosed mental health issues (all waiverable) and take medication for it. I did all the research I could possibly find, and everything says it’s a minimum of 2 years off the medication before I can enlist. Plenty of recruiters told me that too. But I found this one recruiter, and he tells me he sort of specializes in cases like mine. He says that if I can be off the meds stably for 6-7 months and have my doctor sign off that i’m perfectly stable, he can have me shipped off to boot in a year.
I don’t want to get my hopes up, but naturally I already have. Could anyone give me some insight? I’d really appreciate it.

Sub Wiki Sub Rules Safety Tips Scammers Where to redeem to get 4K
Updated 1 January 2022
We ask that you check recent For Sale posts for the title you are looking for before posting here.

• Buyers:
  
  • The rules will still apply to the ISO sticky as the regular posts, meaning that you can only post 1 ISO list per sticky (but update to add/remove titles as needed).
• Sellers:
  
  • If able, please link to your F/S post when you have something that somebody is looking for, then move discussion/negotiations there. This helps to keep the ISO thread clean, and makes it easy to see when a seller has reached out to a buyer about a title.
  • Post something like "I have Endgame 4K for $7" then link to your thread if you have one. If you do have a post, try to keep discussion or negotiations there.
  • There is no limit to how many prospective buyers you can reach out to.
• Rule 6 (Perks of Flair) will be strictly enforced. Those not following the rule must be reported.
  
• While flair WILL be rewarded for transactions completed in this post, it is preferred that they are completed in the seller's thread when able.
  

For those wondering why we are doing this, well, we've had multiple requests for it, as there were always tons of ISO posts filling up the sub, and we think this makes the sub run more smoothly. We had requests for daily and weekly, but we think twice a week will work the best. It's fluid, we can change it if we find that it is necessary.

Hi, so I bought a car Citroen c3 2010 on the 29th Feb, the night I got the car the engine management light came on, called the sale place and informed them. They made an appointment for me in a local garage which I went too and was told it's a sensor that's all and they will get it fixed unfortunately the mechanics family member had passed away and said they could no longer do the work. I called the sale place again and they asked me to bring it back up (bought in Wakefield, live in Manchester) so they could get their local garage to fix the issue.
They had my car for 3 weeks without a single update from them I had to constantly call just for an update and kept getting "be with you Friday"
I drove up with a family member after the 3 weeks and asked if my car was fixed they said yes handed me my keys and said "don't come back, you've harassesd us for ages for update don't call again were done"
On the way home the car broke down on the motorway, oil pressure warning came on, called AA they said the oil isn't burning right and to get it booked in to see what's up with it
Got it to my local garage and they said it's gonna cost at least £1700 to fix and even after that I still could be chasing my tail, the said to constant trading standards and citizens advice
Called citizen advice and they said send a record letter asking for a refund give them 7 days to respond, I've sent a letter they received it Thursday 16th, asking for a refund and stating the consumer act 2015 I still haven't heard anything back from them and I'm wondering what my next steps are
I haven't got the funds to take them to small claims or even to fix the car, I'm gutted as this is my first car my family are trying to help me out as much as they can but we just haven't got that type of money
My BIL said if worst comes to worst It might be better getting a refurbished engine in rather than fixing what's in there now and going from there as it will be the cheeper option but I don't want this company to get away with this what are my next steps? And what can I do?

Hi all. My party has finally found all pieces of Dream Machine yesterday, and they are now planning on retrieving the sword from the Bloody Cyst. I have a bit of a problem with the way Remix handles this:

The citadel cannot be seen; it is completely subsumed by the Cyst.
No one knows that this is where the Sword of Zariel lies hidden. As noted previously, this secret is held only in Lulu’s lost memories.
Therefore, there are no devils or demons here excavating the site. (You could have them here just harvesting the bloody pulp of the cyst for one reason or another, but you’d want to make significant changes to the key.)

This I find a bit problematic, after reading the Chapter 4: Scab, I absolutely love this disgusting three-dimensional dungeon. I struggle with aligning the dungeon and the fact that it's supposed to be completely empty because of Remix reasons. If the Scab/Bloody Cyst covered the citadel completely, but demons, devils and yugoloths were still excavating the flesh, the actual entrance can still be hidden, no? And it can still be a compelling dungeon with almost all of the enemies and encounters.
Some changes I plan on doing:

1. S10 Crokek'toeck won't be here, but it would still make sense to have him here, since what else is better to keep nomming on with its eternal hunger, than an eternal flesh mound, but I will place it in a different hex.
2. S14 - Entrance will be completely sealed off. There won't be any way to enter the room, or a room to speak of. Players will have to dig there, while Lulu can help navigating towards it. Players have Geas'd an imp, which will get progressively more and more confused to a point of an absolute mind wipe the closer he gets to the entrance. I am playing with the idea that any fiend that gets too close will get confused (confusion spell effects) - 120ft distance DC 10, 100ft DC 14, and increasing DC by 4 every 20ft. If a fiend spends one minute under the effects of this confusion they are subconsciously going to try to leave the area of effect and not remember anything while under the effect of confusion. This can explain why there isn't any tunnel leading to the door, why there isn't any room around the door as well, and why no fiend has found the citadel, or a sword as well.
3. Trantolox will catch up with the party once they uncover the entrance to the citadel. It still wants the sword for Yeenoghu, but only because Mad Maggie talked about the Sword and Dream Machine to her bartender at the Well - Tasha. She then told this information to her previous lover Graz'zt, as an interesting gossip, and before players can get to the Bloody Cyst, Yeenoghu's forces have been dispatched to retrieve the sword. I am sure that there is a long rest, plus travel, plus the players will undoubtedly want to short rest in the dungeon, so that leaves plenty of time for demons to arrive there as well. I think that I should make it and the three Bulezaus' immune to confusion effects, but I am not sure of how exactly to do this.
4. S6 - Alazub will be imprisoned here, yes, he is loyal to Zariel, but he's been caught by other demons, not Trantolox, and has some information about some rooms in the dungeon, its features, and will also react if players mention the Sword in front of him.
5. S9 and S10 - No diggy demons here, no Crokek'toeck. This area is harder to dig, after about a foot deep it turns into a bone, and it's 10 feet thick and surrounds the entire area of S10. It has a vague shape of a skull, which could be noticed by a character with proficiency in medicine, and players can try to find a softer spot on the bottom part of the room (bottom-left on the map) with a successful DC17 Medicine or Investigation check. This area can be used for a short rest safely, as the tunnel they dug to get here regrows within one minute of entering the room.
6. S2 - Divine sense shows a consecrated aura coming from one of the walls of this room, and Detect Magic shows a faint abjuration aura as well, from somewhere behind the flesh wall. If players decide to dig into it, they reveal the window as described in the module.
7. S11 - No vrocks. I don't like using them, and I feel like they're overused. Instead there will be three Gnoll Fangs

Do you think this would work? Do you suggest any other changes? How did you play this dungeon with the Remix? Any idea how to convey the message that the flesh is made out of a Yael's body? I would like to put hints about this for the players to find, like maybe the hair that is found occasionally is black like Yael's.

I'm not up-to-date with PCs and monitor technology these days, but is this monitor what it claims? Is it one with what they call FRC -- if yes, would that be noticeable for casual users like office work, internet/email, YouTube, Netflix... I don't really game on PC. Will the said 100hz help for other tasks, idk.
I'm looking for an affordable monitor 22-24" for my ThinkPad desktop docking setup. My current 22" AOC (almost 15 years old!) developed dead pixels practically all around - starting age 5-6. I wish they lasted like the CRTs of yesteryear did, sigh (ik, tall order, since everything is getting cheaper relative to inflation).
I live in a developing country and even cheap models are pretty expensive thanks to always-at-MRP or above sales prices (no discounts on branded hardware, actually a premium) plus additional import and sales taxes.
My choices had been Dell S2421HN or BenQ GW2480 (has speakers).
But just came across this MSI Pro MP251 for a decent enough price I just found (plus larger by about 0.7 inches, speakers, VESA mount compatible, There's this maybe Xiaomi Mi 1C - looks good but no VESA.
Also found another, MSI MP223, but it says VA panel so idk abt that... Lived with TN panel for years and I'd prefer decent viewing angles this time around.

5 Variation of an engaging product description for an Ecommerce Website Design and Ecommerce App Design:
Variation 1:
Take your business to the next level with our all-in-one Ecommerce Website designer in Greater Noida and App solution.
Fully customizable website design, mobile-responsive design
Secure payment processing and checkout
Automated inventory management
Detailed sales analytics and reporting
Our Ecommerce platform gives you the tools to create a seamless, optimized online shopping website design experience for your customers. With a sleek, professional website designer and convenient mobile app designer , you'll be able to reach more buyers and boost your sales like never before.
Whether you're an established brand or just starting out, our Ecommerce Website Designer in Greater Noida solution is the key to unlocking your business's full potential. With 24/7 accessibility, effortless order fulfillment, and robust marketing features, you'll be able to provide an unparalleled customer experience that keeps people coming back.
Variation 2:
Expand your online presence and accelerate growth with our turnkey Ecommerce Website Designing Company in Greater Noida and Best Ecommerce App Designing Company in Greater Noida.
Stunning, mobile-optimized website design
Seamless multi-channel selling across web and mobile
Integrated inventory, orders, and customer data
Advanced marketing and SEO tools
Take your business to new heights with our all-in-one Ecommerce platform. We've combined a visually stunning website builder with a powerful mobile app to give you maximum reach and sales potential.
With our Ecommerce Website Design in Greater Noida solution, you'll be able to provide a cohesive, frictionless shopping experience that keeps customers engaged and coming back. Streamline your operations, gain deeper data insights, and watch your revenue soar - all from a single, intuitive dashboard.
Variation 3:
Elevate your online sales with an Ecommerce Website Design and Ecommerce App Design that's built for success.
Responsive, conversion-optimized web design
Secure, user-friendly mobile shopping app
Real-time inventory syncing and order management
Robust marketing and SEO features
Our Ecommerce Website Design Company in greater Noida platform gives you the tools to create an exceptional digital shopping experience that drives sales and customer loyalty. Whether customers are browsing on your website or using your mobile app, they'll enjoy a seamless, personalized journey from discovery to checkout.
Stop leaving money on the table. Unlock your full ecommerce potential and watch your business thrive with our all-in-one solution. With 24/7 accessibility, automated fulfillment, and advanced analytics, you'll have everything you need to take your online sales to new heights.
Variation 4:
Revolutionize your online business with an Ecommerce Website Design Company in greater Noida and commerce App Design that delivers unbeatable performance.
Visually stunning, mobile-friendly website in Greater Noida
Intuitive, feature-rich mobile shopping app
Integrated inventory management and order fulfillment
Powerful marketing and SEO optimization tools
Our Ecommerce platform is your one-stop-shop for building a successful online presence and driving sustainable growth. With a sleek, conversion-focused website and a convenient mobile app, you'll be able to reach and engage customers across all their devices.
Variation 5:
Unlock your online sales potential with an Ecommerce Website and App that's built to drive results.
Fully customizable, mobile-optimized website
Intuitive, feature-rich mobile shopping app
Integrated inventory, orders, and customer data
Advanced marketing and SEO optimization
Our Ecommerce platform provides you with the tools and technology to create a seamless, omnichannel shopping experience that captivates customers and boosts your bottom line. Whether they're browsing on your website or using your mobile app, shoppers will enjoy a frictionless journey from discovery to checkout.
Stop struggling with multiple systems and complicated integrations. Our all-in-one solution streamlines your entire ecommerce operation, giving you the power to manage your business, engage your customers, and grow your sales - all from a single, intuitive dashboard. With 24/7 accessibility, automated fulfillment, and robust analytics, you'll have everything you need to take your online business to new heights.

I'm not up-to-date with PCs and monitor technology these days, but is this monitor what it claims? Is it one with what they call FRC -- if yes, would that be noticeable for casual users like office work, internet/email, YouTube, Netflix...
I'm looking for an affordable monitor for my ThinkPad desktop docking setup. My current 22" AOC (almost 15 years old!) developed dead pixels practically all around - starting age 5-6. I wish they lasted like the CRTs of yesteryear did, sigh (ik, tall order, since everything is getting cheaper relative to inflation).
I live in a developing country and even cheap models are pretty expensive thanks to always-at-MRP or above sales prices (no discounts on branded hardware, actually a premium) plus additional import and sales taxes.
My choices are Dell S2421HN or BenQ GW2480 (has speakers). There's this MSI Pro MP251 for a decent enough price I just found (plus larger by about 0.7 inches, speakers, VESA mount compatible, There's this maybe Xiaomi Mi 1C - looks good but no VESA.

1. Increased Capex by CSPs:
   • META, GOOGL, and AMZN have all increased the midpoint of their capital expenditures (capex), which is a direct response to the growing demand for AI data centers.
   • This increase in capex signals higher investments in infrastructure to support AI workloads, benefiting companies like NVIDIA that supply the necessary hardware, such as GPUs.
2. CoreWeave's Investment:
   • Even smaller players like CoreWeave are significantly increasing their investments, planning to double their spend over the next 6-12 months to approximately $7.5 billion. This reinforces the trend of rising demand across the industry.
3. Supply Chain Capacity:
   • Taiwan Semiconductor Manufacturing Company (TSMC) has almost doubled its capacity, specifically to support the rollout of NVIDIA’s Grace Hopper and to prepare for the upcoming Blackwell GPUs.
   • This capacity increase is crucial to meet the rising demand from CSPs and other tech companies investing heavily in AI infrastructure.
4. Demand and Supply Dynamics:
   • The demand story and backlog for AI-related hardware is well understood, indicating a strong market appetite for NVIDIA’s products.
   • The primary concern now shifts to the supply side—whether there are enough chips to meet this demand. TSMC’s capacity expansion suggests that supply constraints are being addressed.
5. Market Implications:
   • The increased capex from major CSPs and the ability of TSMC to scale production should directly benefit NVIDIA. As these companies ramp up their AI capabilities, NVIDIA stands to gain from higher sales of its GPUs.
   • The strategic investments by both large and smaller companies indicate a robust and growing market for AI infrastructure, positioning NVIDIA favorably.

In conclusion, the confluence of increased capex by major tech companies, expanded production capacity at TSMC, and a clear demand for AI infrastructure all point to a positive outlook for NVIDIA.
This supports the positioning analysis which points to bullish positioning ITM and OTM, and skew also points higher. Most of the indicators seem to pointto NVDA to jump on earnings, but ultimately, let's see.

Hi all, coming here because I've been reading the solid advice on this sub for a long time.
I recently cashed out on a sale and have $80k to work with. $48.5k of that needs to be used to pay down a personal loan (obv high interest), so that leaves $31.5k to invest.
My plan has been to put $6,500 into a Roth and $12k into my 401(k). The rest I'll use to pay off my private student loans at $13k.
Hate to raise this but is now the time re: the market and all (I know no one can truly predict, but...).
Also, one thing that's confusing me is that with the $80k sitting in my high-yield savings account I'm making $4k per month at 4.2% (have $95k there actually) - should I let that ride at all? (I assume the Roth and 401k will provide 7-12% returns, but on smaller amounts)
would love to hear what you think of this plan. THANK YOU

ANALYSIS section will be posted separately on my sub Tradingedge
DATA LEDE:

• RBA minutes - Australia
• Said they will try not to excessively fine tune policy
• Future changes to cash rate are difficult to rule in or out
• CPI short term variation can be easily and reasonably overlooked
• Recent data does point to slightly increased inflation risks
• NEUTRAL/HAWKISH overall
• Australia consumer confidence numbers drop 0.3% MOM
• German PPI came 0.2% MOM vs 0.2% expected, in line with last months reading.
• YOY came in at -3.3% slightly below expected value of -3.2%. Came in light which is good for German inflation picture.
• Yellen Speech - no real meaningful comments
• EU balance of trade numbers hit a new yearly high. Points to improving world demand environment.
• Fed speakers include:
• Barkin, Waller, Williams, Bostic, Barr
• BoE’s Bailey to speak too

MARKETS:

• SPX: Maintained above 5300, now trading at 5311. Yesterday, touched 5325, before moving lower again. DJI: Trading at 39,813, just below 40k. Opened yesterday above 40k but moved lower on JPM weakness.
• Nasdaq: trading flat at 18,665. Support will now be at around 18,350.
• Ger40: Slightly lower today, at 18,600. Some slight profit taking near the highs.
• HKG50: Moving lower again for 2nd day in a row. Now at 19,240. Yesterday, was at 19,750 at one point. So down 2.7% across yesterday and today.
• Oil - hit 80 yesterday on WTI but was rejected off there. Lower today to 78, down by 1.5%. Back to range bound.
• Gold: Trading at 2418, Support at 2400.
• VIX: After getting crushed to 12 yesterday, bounced up off of there, now higher.

FX:

• DXY moving flat today and yesterday, around 104.5
• Had fallen to 100d moving average after CPI then moved higher, bouncing from there.
• EURUSD positioning still bullish, flat, slightly higher at 1.087
• GBPUSD moving higher again, trading at 1.272
• AUDUSD at 0.667,
• Has broken out of the long term downtrend.

EARNINGS:

• PANW Current Quarter:
• Revenues of 1.985B beat by 0.8%. Revenues rose 15% YOY
• Products revenue beat by 1.2%
• Subscriptions and support revenue beat by 0.3%
• EPS of 1.32 Beat expectations of 1.25 - beat by 5.6%
• Operating income was 508M, beat by 3.5%
• Operating margin was 25.6% , beat by 69 bps
• Billings came more or less in line
• Deferred revenue basically in line, slight miss.
• NEXT QUARTER GUIDANCE:
• EPS of 1.41 v slightly missed expectations of 1.42
• Revenue came in line with consensus at 2.16B
• Billings guidance beat consensus v slightly.
• FULL YEAR GUIDANCE:
• EPS of 5.56-5.58 beat estimates of 5.51
• Revenue of 8B beat estimates of 7.98B
• Billings of 10.15.5B was up 10-11% YoY
• CEO Nikesh Arora: Enthusiastic response to pjatformization and AI infused security outcomes.
• In conference call said that billings isn’t the only important measure, hence investors should overlook the slight softness in billings.
• Said cybersecurity demand will continue to grow for next several quarters, and PANW will benefit.
• Cyberattacks are scaling and aren’t going away. AI will increase these threats. So the tailwinds for PANW are very strong.

XPEV

• EPS of -0.75 was much better than the -2.06 expected
• Revenue of 6.55B beat estimates of 6.19B. Up 63% YOY, but down 50% QOQ
• Vehicle margin was 5.5%, which was up from 4.1% last quarter, and up form -2.5% last year SO VEHICLE MARGIN IMPROVED
• Vehicle sales came in at 5.54B yuan, up 50% YOY but down 50% QOQ
• Gross margin was 12.9%, up from 1.7% last year and 6.2% last quarter
• SO MARGINS IMPROVED, SALES WERE WORSE THAN LAST QUARTER
• In April saw 9,393 vehicles delivered
• Partnership with Volkswagen group on E/E architecture
• Release of AI powered functions
• GROSS MARGIN IMPROVEMENT DESPITE COMPETITION AND OTHERS CUTTING PRICES WAS A KEY BENEFIT.

NEXT QUARTER GUDIANCE:

• Revenue 7.5-8.3B miss by 15%
• Delivered of 29-32K. Up 30% YOY

MACYS:

• Current quarter:
• ADJ EPS $0.27 vs. $0.56 y/y, EST $0.14. BEAT
• EPS $0.22 vs. $0.56 y/y
• Net sales $4.8B, -3.7% y/y, EST $4.81B. IN LINE
• Gross margin 39.2% vs. 40% y/y, EST 39.6%. MISS
• SG&A expense $1.9B, -2.6% y/y, EST $1.98B. MISS
• GUIDANCE:
• Raised guidance from 2.45-2.85 to 2.55-2.9.
• Raised by 4%
• Beat estimates by 4%, although is a wide guidance
• Sees Net sales at 22.3-22.9B, raising bottom end up slightly from 22.2B.
• More or less in line with guidance.
• Merchandise margins down 100bps due to additional discounting
• Merchandise inventories are well positioned for upcoming summer season
• Credit card revenues down slightly due to higher delinquency rates
• Turnaround plan showing signs of progress as they beat and raise guidance.

LOWES:

• Current quarter:
• EPS of 3.67 beat estimates of 2.95
• Revenue of 21.4B was down YOY by 4%, but beat estimates by 1.3%
• Comparables sales were down 4%
• Reaffirms FY guidance:
• EPS of 12-12.3 vs estimate of 12.19. So miss slightly by 0.4%
• Revenue of 84-85B, basically in line.
• EXPECTS COMPARABLE SALES TO BE DOWN 2-3% vs estimates of 2.43% down.

MAG 7:

• MSFT yesterday, said that Copilot Plus PCs will be based on Qualcomm’s snapdragon X Elite chips, and will offer 15 hours of web browsing and 20 hours of video battery life. MSFT says it’ll outperform MacBook Air.
• On Copilot Plus, Neural processor enables new AI features such as recall for a searchable PC memory.
• MSFT estimates 50 million AI PCs will be sold over the next year. Said its rearchitectured Windows 11 is 58% faster than Apple’s MacBook Air.
• MSFT - restructures Windows 11 for better ARM hardware support and AI integration. Introduces prism emulator, launched to improve compatibility with older x86 and x64 apps. MSFT says Prism emulator is 20% faster than previous versions.
• AAPL - Files law suit to overturn $1.8B EU antitrust fine over App Store rules. AAPL is challenging a 1.8B fine.
• MSFT - OpenAI will be sued by Scarlett Johansson for basically copying her voice against her explicit instruction not to.
• TSLA - Tesla shareholder group still not happy with Elon Musk’s $56B pay package. Urged other investors to reject a $56B pay package.

OTHER COMPANIES:

• XPEV higher on their strong earnings
• MACYS higher on improving picture
• LOW - higher on earnings
• Crypto stocks higher on strong Bitcoin performance
• LRCX 10-1 stock split
• PANW lower on eanrings, seems harsh to me. Other crypto names down in sentiment.
• Chinese stocks lower as Hong Kong MARKET down 1.5% today.
• NOVA - Piper Sandler downgrades Sunnova Energy to neutral from overweight, lowered price target to 4.50 from 9. Analyst had upgraded sun nova in December on expectation of lower rates, but rates have stayed high.
• Li - postpones the launch of its all electric SUVs to the first half of 2025, citing inadequate charging stations and other constraints. CEO emphasised the need for sufficient branded charging stations and more display spots.
• DOWN 4% AGAIN TODAY ON THIS.
• BABA - Alibaba cloud slashes prices for its latest LLM model, Tongyi Qianwen, by up to 97%
• BIDU - in response to Alibaba’s move, BIDU made its ENITRE Speed and ENIRE lite models entirely free to use.
• So we are seeing price wars in AI market.
• JPM says that they will not be increasing buybacks of JPM stock at these prices. Will just continue with previously outlined buyback pace.
• Jamie Dimon also hinted at retirement in the speech, hence JPM lower yesterday
• DELL - Citi raises dell price target to 170 from 125. Optimistic they can gain market share more in AI.
• JD - announces a proposed offering of $1.5B in convertible senior notes, due 2029. Will use proceeds to repurchase shares and expand overseas business.
• PTON - plans global refinancing to address debt. Secured nearly $1.4B in new credit facilities.
• ASML and TSM said they have measures in place to remotely disable advanced EUV chip making machines if China was to invade Taiwan.
• QCOM - shares were higher yesterday after Several big companies including Dell and MSFT announced AI laptops using Qualcomm’s snapdragon X elite chip. MSFT says these devices will outperform apple MacBook Air M3.
• ARM - MSFT will announce Arm powered laptops
• WEN - launches a $3 breakfast deal, including small seasoned potatoes, choice of bacon, eggs and cheese or sausage, eggs and cheese muffin. Rivals Mcdonalds $5value meal
• DASH - expanded its partnership with ULTA beauty to offer on demand delivery in under an hour from 1350 stores across all 50 states.
• VFS - US regulators are probing a vin fast VF 8 Crash, that killed 4 in California.
• LLY - secures china approval for diabetes drug, Tirzepatide. Received approval in China for its diabetes drug.
• BA - one killed on Singapore Airlines Boeing 777 due to severe turbulence.
• DIS - Redburn upgrades to neutral from Sell. Price target 100.
• Samsung - appoints new chief for its chip business, amid competition.

OThER NEWS:

• BTC higher to 72K.
• ETH popped 20% yesterday on renewed optimism for ETF, that SEC might green light spot ether ETFs ahead of first deadline later this week.
• Yardeni research sees Dow Jones DJI at 60k and SPX at 8k by 2030
• Mester’s comments yesterday:
• 3 rate cuts this year is no longer appropriate.
• April CPI was good, but too soon to say what path inflation is on. She said she doesnt think about rate cuts in terms of when. We can raise rates but its not base case. That’s bearish, but also unrealistic. I think there’s less risk now that we are too restrictive, and inflation risks are to upside.
• BEARISH COMMENTS FROM MESTER OVERALL
• Jefferson’s Comments yesterday:
• April inflation was encouraging. Labour market coming into better balance. Inflation decline isn’t as fast as we had liked. Policy is restrictive. - NEUTRAL comments, I’d say.
• Following these comments, Bank of America said that whilst the bar for rate hikes is still v high, rate cuts are still far off. Said Services inflation still running way above target.
• Bank of America believes markets got excited at the print, said markets pricing 50bps of cuts are likely to get disappointed.
• Did push back on stagflation narrative.
• SPACEX Q1 launch report shows that SpaceX is now launching 87% of all payload to orbit, a new record high.
• New Yorkers on average earned $89K last year, meaning that without spending more than 30% of annual income on rent, they can afford $2,216 on housing. That’s only enough to afford 4.4% of rentals.
• Marko Kolanovic held his bearish outlook on stocks, urging clients not to buy. So not all bears are capitulating.
• Fidelity ethereal fund says that the trust’s Ether will not be staked.
• IMF official expects next stage for BOE is to ease rates, says UK monetary policy is at inflection point. Actions by UK authorities are paying off.
• Said BoE should cut rates by 50-75bps in 2024.
• Upgraded UK growth forecast to 0.7% this year from 0.5% previously
• Dubai Airport expects record passenger traffic this year, set to top 100M by 2027.

For more of my content, please join Tradingedge

DATA LEDE:

• RBA minutes - Australia
• Said they will try not to excessively fine tune policy
• Future changes to cash rate are difficult to rule in or out
• CPI short term variation can be easily and reasonably overlooked
• Recent data does point to slightly increased inflation risks
• NEUTRAL/HAWKISH overall
• Australia consumer confidence numbers drop 0.3% MOM
• German PPI came 0.2% MOM vs 0.2% expected, in line with last months reading.
• YOY came in at -3.3% slightly below expected value of -3.2%. Came in light which is good for German inflation picture.
• Yellen Speech - no real meaningful comments
• EU balance of trade numbers hit a new yearly high. Points to improving world demand environment.
• Fed speakers include:
• Barkin, Waller, Williams, Bostic, Barr
• BoE’s Bailey to speak too

MARKETS:

• SPX: Maintained above 5300, now trading at 5311. Yesterday, touched 5325, before moving lower again. DJI: Trading at 39,813, just below 40k. Opened yesterday above 40k but moved lower on JPM weakness.
• Nasdaq: trading flat at 18,665. Support will now be at around 18,350.
• Ger40: Slightly lower today, at 18,600. Some slight profit taking near the highs.
• HKG50: Moving lower again for 2nd day in a row. Now at 19,240. Yesterday, was at 19,750 at one point. So down 2.7% across yesterday and today.
• Oil - hit 80 yesterday on WTI but was rejected off there. Lower today to 78, down by 1.5%. Back to range bound.
• Gold: Trading at 2418, Support at 2400.
• VIX: After getting crushed to 12 yesterday, bounced up off of there, now higher.

FX:

• DXY moving flat today and yesterday, around 104.5
• Had fallen to 100d moving average after CPI then moved higher, bouncing from there.
• EURUSD positioning still bullish, flat, slightly higher at 1.087
• GBPUSD moving higher again, trading at 1.272
• AUDUSD at 0.667,
• Has broken out of the long term downtrend.

EARNINGS:

• PANW Current Quarter:
• Revenues of 1.985B beat by 0.8%. Revenues rose 15% YOY
• Products revenue beat by 1.2%
• Subscriptions and support revenue beat by 0.3%
• EPS of 1.32 Beat expectations of 1.25 - beat by 5.6%
• Operating income was 508M, beat by 3.5%
• Operating margin was 25.6% , beat by 69 bps
• Billings came more or less in line
• Deferred revenue basically in line, slight miss.
• NEXT QUARTER GUIDANCE:
• EPS of 1.41 v slightly missed expectations of 1.42
• Revenue came in line with consensus at 2.16B
• Billings guidance beat consensus v slightly.
• FULL YEAR GUIDANCE:
• EPS of 5.56-5.58 beat estimates of 5.51
• Revenue of 8B beat estimates of 7.98B
• Billings of 10.15.5B was up 10-11% YoY
• CEO Nikesh Arora: Enthusiastic response to pjatformization and AI infused security outcomes.
• In conference call said that billings isn’t the only important measure, hence investors should overlook the slight softness in billings.
• Said cybersecurity demand will continue to grow for next several quarters, and PANW will benefit.
• Cyberattacks are scaling and aren’t going away. AI will increase these threats. So the tailwinds for PANW are very strong.

XPEV

• EPS of -0.75 was much better than the -2.06 expected
• Revenue of 6.55B beat estimates of 6.19B. Up 63% YOY, but down 50% QOQ
• Vehicle margin was 5.5%, which was up from 4.1% last quarter, and up form -2.5% last year SO VEHICLE MARGIN IMPROVED
• Vehicle sales came in at 5.54B yuan, up 50% YOY but down 50% QOQ
• Gross margin was 12.9%, up from 1.7% last year and 6.2% last quarter
• SO MARGINS IMPROVED, SALES WERE WORSE THAN LAST QUARTER
• In April saw 9,393 vehicles delivered
• Partnership with Volkswagen group on E/E architecture
• Release of AI powered functions
• GROSS MARGIN IMPROVEMENT DESPITE COMPETITION AND OTHERS CUTTING PRICES WAS A KEY BENEFIT.

NEXT QUARTER GUDIANCE:

• Revenue 7.5-8.3B miss by 15%
• Delivered of 29-32K. Up 30% YOY

MACYS:

• Current quarter:
• ADJ EPS $0.27 vs. $0.56 y/y, EST $0.14. BEAT
• EPS $0.22 vs. $0.56 y/y
• Net sales $4.8B, -3.7% y/y, EST $4.81B. IN LINE
• Gross margin 39.2% vs. 40% y/y, EST 39.6%. MISS
• SG&A expense $1.9B, -2.6% y/y, EST $1.98B. MISS
• GUIDANCE:
• Raised guidance from 2.45-2.85 to 2.55-2.9.
• Raised by 4%
• Beat estimates by 4%, although is a wide guidance
• Sees Net sales at 22.3-22.9B, raising bottom end up slightly from 22.2B.
• More or less in line with guidance.
• Merchandise margins down 100bps due to additional discounting
• Merchandise inventories are well positioned for upcoming summer season
• Credit card revenues down slightly due to higher delinquency rates
• Turnaround plan showing signs of progress as they beat and raise guidance.

LOWES:

• Current quarter:
• EPS of 3.67 beat estimates of 2.95
• Revenue of 21.4B was down YOY by 4%, but beat estimates by 1.3%
• Comparables sales were down 4%
• Reaffirms FY guidance:
• EPS of 12-12.3 vs estimate of 12.19. So miss slightly by 0.4%
• Revenue of 84-85B, basically in line.
• EXPECTS COMPARABLE SALES TO BE DOWN 2-3% vs estimates of 2.43% down.

MAG 7:

• MSFT yesterday, said that Copilot Plus PCs will be based on Qualcomm’s snapdragon X Elite chips, and will offer 15 hours of web browsing and 20 hours of video battery life. MSFT says it’ll outperform MacBook Air.
• On Copilot Plus, Neural processor enables new AI features such as recall for a searchable PC memory.
• MSFT estimates 50 million AI PCs will be sold over the next year. Said its rearchitectured Windows 11 is 58% faster than Apple’s MacBook Air.
• MSFT - restructures Windows 11 for better ARM hardware support and AI integration. Introduces prism emulator, launched to improve compatibility with older x86 and x64 apps. MSFT says Prism emulator is 20% faster than previous versions.
• AAPL - Files law suit to overturn $1.8B EU antitrust fine over App Store rules. AAPL is challenging a 1.8B fine.
• MSFT - OpenAI will be sued by Scarlett Johansson for basically copying her voice against her explicit instruction not to.
• TSLA - Tesla shareholder group still not happy with Elon Musk’s $56B pay package. Urged other investors to reject a $56B pay package.

OTHER COMPANIES:

• XPEV higher on their strong earnings
• MACYS higher on improving picture
• LOW - higher on earnings
• Crypto stocks higher on strong Bitcoin performance
• LRCX 10-1 stock split
• PANW lower on eanrings, seems harsh to me. Other crypto names down in sentiment.
• Chinese stocks lower as Hong Kong MARKET down 1.5% today.
• NOVA - Piper Sandler downgrades Sunnova Energy to neutral from overweight, lowered price target to 4.50 from 9. Analyst had upgraded sun nova in December on expectation of lower rates, but rates have stayed high.
• Li - postpones the launch of its all electric SUVs to the first half of 2025, citing inadequate charging stations and other constraints. CEO emphasised the need for sufficient branded charging stations and more display spots.
• DOWN 4% AGAIN TODAY ON THIS.
• BABA - Alibaba cloud slashes prices for its latest LLM model, Tongyi Qianwen, by up to 97%
• BIDU - in response to Alibaba’s move, BIDU made its ENITRE Speed and ENIRE lite models entirely free to use.
• So we are seeing price wars in AI market.
• JPM says that they will not be increasing buybacks of JPM stock at these prices. Will just continue with previously outlined buyback pace.
• Jamie Dimon also hinted at retirement in the speech, hence JPM lower yesterday
• DELL - Citi raises dell price target to 170 from 125. Optimistic they can gain market share more in AI.
• JD - announces a proposed offering of $1.5B in convertible senior notes, due 2029. Will use proceeds to repurchase shares and expand overseas business.
• PTON - plans global refinancing to address debt. Secured nearly $1.4B in new credit facilities.
• ASML and TSM said they have measures in place to remotely disable advanced EUV chip making machines if China was to invade Taiwan.
• QCOM - shares were higher yesterday after Several big companies including Dell and MSFT announced AI laptops using Qualcomm’s snapdragon X elite chip. MSFT says these devices will outperform apple MacBook Air M3.
• ARM - MSFT will announce Arm powered laptops
• WEN - launches a $3 breakfast deal, including small seasoned potatoes, choice of bacon, eggs and cheese or sausage, eggs and cheese muffin. Rivals Mcdonalds $5value meal
• DASH - expanded its partnership with ULTA beauty to offer on demand delivery in under an hour from 1350 stores across all 50 states.
• VFS - US regulators are probing a vin fast VF 8 Crash, that killed 4 in California.
• LLY - secures china approval for diabetes drug, Tirzepatide. Received approval in China for its diabetes drug.
• BA - one killed on Singapore Airlines Boeing 777 due to severe turbulence.
• DIS - Redburn upgrades to neutral from Sell. Price target 100.
• Samsung - appoints new chief for its chip business, amid competition.

OThER NEWS:

• BTC higher to 72K.
• ETH popped 20% yesterday on renewed optimism for ETF, that SEC might green light spot ether ETFs ahead of first deadline later this week.
• Yardeni research sees Dow Jones DJI at 60k and SPX at 8k by 2030
• Mester’s comments yesterday:
• 3 rate cuts this year is no longer appropriate.
• April CPI was good, but too soon to say what path inflation is on. She said she doesnt think about rate cuts in terms of when. We can raise rates but its not base case. That’s bearish, but also unrealistic. I think there’s less risk now that we are too restrictive, and inflation risks are to upside.
• BEARISH COMMENTS FROM MESTER OVERALL
• Jefferson’s Comments yesterday:
• April inflation was encouraging. Labour market coming into better balance. Inflation decline isn’t as fast as we had liked. Policy is restrictive. - NEUTRAL comments, I’d say.
• Following these comments, Bank of America said that whilst the bar for rate hikes is still v high, rate cuts are still far off. Said Services inflation still running way above target.
• Bank of America believes markets got excited at the print, said markets pricing 50bps of cuts are likely to get disappointed.
• Did push back on stagflation narrative.
• SPACEX Q1 launch report shows that SpaceX is now launching 87% of all payload to orbit, a new record high.
• New Yorkers on average earned $89K last year, meaning that without spending more than 30% of annual income on rent, they can afford $2,216 on housing. That’s only enough to afford 4.4% of rentals.
• Marko Kolanovic held his bearish outlook on stocks, urging clients not to buy. So not all bears are capitulating.
• Fidelity ethereal fund says that the trust’s Ether will not be staked.
• IMF official expects next stage for BOE is to ease rates, says UK monetary policy is at inflection point. Actions by UK authorities are paying off.
• Said BoE should cut rates by 50-75bps in 2024.
• Upgraded UK growth forecast to 0.7% this year from 0.5% previously
• Dubai Airport expects record passenger traffic this year, set to top 100M by 2027.

Today's ballot includes some party questions: Republican Party Questions - 1 - For future elections, do you want hand marked paper ballots, scanned and verified by hand count on live stream video?
Yes
No - 2 - Should the legislature enact the FairTax replacing the state income tax and state sales tax with a consumption tax equal to current state funding and taxing no legal citizen or family up to the poverty level of spending?
Yes
No - 3 - Should the legislature ban registered lobbyists from serving on the State Elections Board?
Yes
No - 4 - Should the Georgia Republican Primary have a closed primary, meaning that only registered Republicans would be allowed to vote in the Republican Primary?
Yes
No - 5 - Should public officials who allow illegal migration to occur be held responsible for crimes committed by illegal aliens?
Yes
No - 6 - Would you support a statewide vote to allow gaming in Georgia so the voters can decide this issue instead of politicians in Atlanta?
Yes
No - 7 - Currently, hundreds of thousands of hours and dollars are spent every year cleaning up voter rolls. Would you support an amendment to the National Voting Rights Act that would require registered voters to renew their registration every four years?
Yes
No - 8 - Do you believe unelected and unaccountable international bureaucrats, like the UN controlled World Health Organization (WHO), should have complete control over management of future pandemics in the United States and authority to regulate your healthcare and personal health choices?
Yes
No

ANALYSIS section will be posted separately on my sub Tradingedge
DATA LEDE:

• RBA minutes - Australia
• Said they will try not to excessively fine tune policy
• Future changes to cash rate are difficult to rule in or out
• CPI short term variation can be easily and reasonably overlooked
• Recent data does point to slightly increased inflation risks
• NEUTRAL/HAWKISH overall
• Australia consumer confidence numbers drop 0.3% MOM
• German PPI came 0.2% MOM vs 0.2% expected, in line with last months reading.
• YOY came in at -3.3% slightly below expected value of -3.2%. Came in light which is good for German inflation picture.
• Yellen Speech - no real meaningful comments
• EU balance of trade numbers hit a new yearly high. Points to improving world demand environment.
• Fed speakers include:
• Barkin, Waller, Williams, Bostic, Barr
• BoE’s Bailey to speak too

MARKETS:

• SPX: Maintained above 5300, now trading at 5311. Yesterday, touched 5325, before moving lower again. DJI: Trading at 39,813, just below 40k. Opened yesterday above 40k but moved lower on JPM weakness.
• Nasdaq: trading flat at 18,665. Support will now be at around 18,350.
• Ger40: Slightly lower today, at 18,600. Some slight profit taking near the highs.
• HKG50: Moving lower again for 2nd day in a row. Now at 19,240. Yesterday, was at 19,750 at one point. So down 2.7% across yesterday and today.
• Oil - hit 80 yesterday on WTI but was rejected off there. Lower today to 78, down by 1.5%. Back to range bound.
• Gold: Trading at 2418, Support at 2400.
• VIX: After getting crushed to 12 yesterday, bounced up off of there, now higher.

FX:

• DXY moving flat today and yesterday, around 104.5
• Had fallen to 100d moving average after CPI then moved higher, bouncing from there.
• EURUSD positioning still bullish, flat, slightly higher at 1.087
• GBPUSD moving higher again, trading at 1.272
• AUDUSD at 0.667,
• Has broken out of the long term downtrend.

EARNINGS:

• PANW Current Quarter:
• Revenues of 1.985B beat by 0.8%. Revenues rose 15% YOY
• Products revenue beat by 1.2%
• Subscriptions and support revenue beat by 0.3%
• EPS of 1.32 Beat expectations of 1.25 - beat by 5.6%
• Operating income was 508M, beat by 3.5%
• Operating margin was 25.6% , beat by 69 bps
• Billings came more or less in line
• Deferred revenue basically in line, slight miss.
• NEXT QUARTER GUIDANCE:
• EPS of 1.41 v slightly missed expectations of 1.42
• Revenue came in line with consensus at 2.16B
• Billings guidance beat consensus v slightly.
• FULL YEAR GUIDANCE:
• EPS of 5.56-5.58 beat estimates of 5.51
• Revenue of 8B beat estimates of 7.98B
• Billings of 10.15.5B was up 10-11% YoY
• CEO Nikesh Arora: Enthusiastic response to pjatformization and AI infused security outcomes.
• In conference call said that billings isn’t the only important measure, hence investors should overlook the slight softness in billings.
• Said cybersecurity demand will continue to grow for next several quarters, and PANW will benefit.
• Cyberattacks are scaling and aren’t going away. AI will increase these threats. So the tailwinds for PANW are very strong.

XPEV

• EPS of -0.75 was much better than the -2.06 expected
• Revenue of 6.55B beat estimates of 6.19B. Up 63% YOY, but down 50% QOQ
• Vehicle margin was 5.5%, which was up from 4.1% last quarter, and up form -2.5% last year SO VEHICLE MARGIN IMPROVED
• Vehicle sales came in at 5.54B yuan, up 50% YOY but down 50% QOQ
• Gross margin was 12.9%, up from 1.7% last year and 6.2% last quarter
• SO MARGINS IMPROVED, SALES WERE WORSE THAN LAST QUARTER
• In April saw 9,393 vehicles delivered
• Partnership with Volkswagen group on E/E architecture
• Release of AI powered functions
• GROSS MARGIN IMPROVEMENT DESPITE COMPETITION AND OTHERS CUTTING PRICES WAS A KEY BENEFIT.

NEXT QUARTER GUDIANCE:

• Revenue 7.5-8.3B miss by 15%
• Delivered of 29-32K. Up 30% YOY

MACYS:

• Current quarter:
• ADJ EPS $0.27 vs. $0.56 y/y, EST $0.14. BEAT
• EPS $0.22 vs. $0.56 y/y
• Net sales $4.8B, -3.7% y/y, EST $4.81B. IN LINE
• Gross margin 39.2% vs. 40% y/y, EST 39.6%. MISS
• SG&A expense $1.9B, -2.6% y/y, EST $1.98B. MISS
• GUIDANCE:
• Raised guidance from 2.45-2.85 to 2.55-2.9.
• Raised by 4%
• Beat estimates by 4%, although is a wide guidance
• Sees Net sales at 22.3-22.9B, raising bottom end up slightly from 22.2B.
• More or less in line with guidance.
• Merchandise margins down 100bps due to additional discounting
• Merchandise inventories are well positioned for upcoming summer season
• Credit card revenues down slightly due to higher delinquency rates
• Turnaround plan showing signs of progress as they beat and raise guidance.

LOWES:

• Current quarter:
• EPS of 3.67 beat estimates of 2.95
• Revenue of 21.4B was down YOY by 4%, but beat estimates by 1.3%
• Comparables sales were down 4%
• Reaffirms FY guidance:
• EPS of 12-12.3 vs estimate of 12.19. So miss slightly by 0.4%
• Revenue of 84-85B, basically in line.
• EXPECTS COMPARABLE SALES TO BE DOWN 2-3% vs estimates of 2.43% down.

MAG 7:

• MSFT yesterday, said that Copilot Plus PCs will be based on Qualcomm’s snapdragon X Elite chips, and will offer 15 hours of web browsing and 20 hours of video battery life. MSFT says it’ll outperform MacBook Air.
• On Copilot Plus, Neural processor enables new AI features such as recall for a searchable PC memory.
• MSFT estimates 50 million AI PCs will be sold over the next year. Said its rearchitectured Windows 11 is 58% faster than Apple’s MacBook Air.
• MSFT - restructures Windows 11 for better ARM hardware support and AI integration. Introduces prism emulator, launched to improve compatibility with older x86 and x64 apps. MSFT says Prism emulator is 20% faster than previous versions.
• AAPL - Files law suit to overturn $1.8B EU antitrust fine over App Store rules. AAPL is challenging a 1.8B fine.
• MSFT - OpenAI will be sued by Scarlett Johansson for basically copying her voice against her explicit instruction not to.
• TSLA - Tesla shareholder group still not happy with Elon Musk’s $56B pay package. Urged other investors to reject a $56B pay package.

OTHER COMPANIES:

• XPEV higher on their strong earnings
• MACYS higher on improving picture
• LOW - higher on earnings
• Crypto stocks higher on strong Bitcoin performance
• LRCX 10-1 stock split
• PANW lower on eanrings, seems harsh to me. Other crypto names down in sentiment.
• Chinese stocks lower as Hong Kong MARKET down 1.5% today.
• NOVA - Piper Sandler downgrades Sunnova Energy to neutral from overweight, lowered price target to 4.50 from 9. Analyst had upgraded sun nova in December on expectation of lower rates, but rates have stayed high.
• Li - postpones the launch of its all electric SUVs to the first half of 2025, citing inadequate charging stations and other constraints. CEO emphasised the need for sufficient branded charging stations and more display spots.
• DOWN 4% AGAIN TODAY ON THIS.
• BABA - Alibaba cloud slashes prices for its latest LLM model, Tongyi Qianwen, by up to 97%
• BIDU - in response to Alibaba’s move, BIDU made its ENITRE Speed and ENIRE lite models entirely free to use.
• So we are seeing price wars in AI market.
• JPM says that they will not be increasing buybacks of JPM stock at these prices. Will just continue with previously outlined buyback pace.
• Jamie Dimon also hinted at retirement in the speech, hence JPM lower yesterday
• DELL - Citi raises dell price target to 170 from 125. Optimistic they can gain market share more in AI.
• JD - announces a proposed offering of $1.5B in convertible senior notes, due 2029. Will use proceeds to repurchase shares and expand overseas business.
• PTON - plans global refinancing to address debt. Secured nearly $1.4B in new credit facilities.
• ASML and TSM said they have measures in place to remotely disable advanced EUV chip making machines if China was to invade Taiwan.
• QCOM - shares were higher yesterday after Several big companies including Dell and MSFT announced AI laptops using Qualcomm’s snapdragon X elite chip. MSFT says these devices will outperform apple MacBook Air M3.
• ARM - MSFT will announce Arm powered laptops
• WEN - launches a $3 breakfast deal, including small seasoned potatoes, choice of bacon, eggs and cheese or sausage, eggs and cheese muffin. Rivals Mcdonalds $5value meal
• DASH - expanded its partnership with ULTA beauty to offer on demand delivery in under an hour from 1350 stores across all 50 states.
• VFS - US regulators are probing a vin fast VF 8 Crash, that killed 4 in California.
• LLY - secures china approval for diabetes drug, Tirzepatide. Received approval in China for its diabetes drug.
• BA - one killed on Singapore Airlines Boeing 777 due to severe turbulence.
• DIS - Redburn upgrades to neutral from Sell. Price target 100.
• Samsung - appoints new chief for its chip business, amid competition.

OThER NEWS:

• BTC higher to 72K.
• ETH popped 20% yesterday on renewed optimism for ETF, that SEC might green light spot ether ETFs ahead of first deadline later this week.
• Yardeni research sees Dow Jones DJI at 60k and SPX at 8k by 2030
• Mester’s comments yesterday:
• 3 rate cuts this year is no longer appropriate.
• April CPI was good, but too soon to say what path inflation is on. She said she doesnt think about rate cuts in terms of when. We can raise rates but its not base case. That’s bearish, but also unrealistic. I think there’s less risk now that we are too restrictive, and inflation risks are to upside.
• BEARISH COMMENTS FROM MESTER OVERALL
• Jefferson’s Comments yesterday:
• April inflation was encouraging. Labour market coming into better balance. Inflation decline isn’t as fast as we had liked. Policy is restrictive. - NEUTRAL comments, I’d say.
• Following these comments, Bank of America said that whilst the bar for rate hikes is still v high, rate cuts are still far off. Said Services inflation still running way above target.
• Bank of America believes markets got excited at the print, said markets pricing 50bps of cuts are likely to get disappointed.
• Did push back on stagflation narrative.
• SPACEX Q1 launch report shows that SpaceX is now launching 87% of all payload to orbit, a new record high.
• New Yorkers on average earned $89K last year, meaning that without spending more than 30% of annual income on rent, they can afford $2,216 on housing. That’s only enough to afford 4.4% of rentals.
• Marko Kolanovic held his bearish outlook on stocks, urging clients not to buy. So not all bears are capitulating.
• Fidelity ethereal fund says that the trust’s Ether will not be staked.
• IMF official expects next stage for BOE is to ease rates, says UK monetary policy is at inflection point. Actions by UK authorities are paying off.
• Said BoE should cut rates by 50-75bps in 2024.
• Upgraded UK growth forecast to 0.7% this year from 0.5% previously
• Dubai Airport expects record passenger traffic this year, set to top 100M by 2027.

For more of my content, please join Tradingedge

ANALYSIS section will be posted separately on my sub Tradingedge
DATA LEDE:

• RBA minutes - Australia
• Said they will try not to excessively fine tune policy
• Future changes to cash rate are difficult to rule in or out
• CPI short term variation can be easily and reasonably overlooked
• Recent data does point to slightly increased inflation risks
• NEUTRAL/HAWKISH overall
• Australia consumer confidence numbers drop 0.3% MOM
• German PPI came 0.2% MOM vs 0.2% expected, in line with last months reading.
• YOY came in at -3.3% slightly below expected value of -3.2%. Came in light which is good for German inflation picture.
• Yellen Speech - no real meaningful comments
• EU balance of trade numbers hit a new yearly high. Points to improving world demand environment.
• Fed speakers include:
• Barkin, Waller, Williams, Bostic, Barr
• BoE’s Bailey to speak too

MARKETS:

• SPX: Maintained above 5300, now trading at 5311. Yesterday, touched 5325, before moving lower again. DJI: Trading at 39,813, just below 40k. Opened yesterday above 40k but moved lower on JPM weakness.
• Nasdaq: trading flat at 18,665. Support will now be at around 18,350.
• Ger40: Slightly lower today, at 18,600. Some slight profit taking near the highs.
• HKG50: Moving lower again for 2nd day in a row. Now at 19,240. Yesterday, was at 19,750 at one point. So down 2.7% across yesterday and today.
• Oil - hit 80 yesterday on WTI but was rejected off there. Lower today to 78, down by 1.5%. Back to range bound.
• Gold: Trading at 2418, Support at 2400.
• VIX: After getting crushed to 12 yesterday, bounced up off of there, now higher.

FX:

• DXY moving flat today and yesterday, around 104.5
• Had fallen to 100d moving average after CPI then moved higher, bouncing from there.
• EURUSD positioning still bullish, flat, slightly higher at 1.087
• GBPUSD moving higher again, trading at 1.272
• AUDUSD at 0.667,
• Has broken out of the long term downtrend.

EARNINGS:

• PANW Current Quarter:
• Revenues of 1.985B beat by 0.8%. Revenues rose 15% YOY
• Products revenue beat by 1.2%
• Subscriptions and support revenue beat by 0.3%
• EPS of 1.32 Beat expectations of 1.25 - beat by 5.6%
• Operating income was 508M, beat by 3.5%
• Operating margin was 25.6% , beat by 69 bps
• Billings came more or less in line
• Deferred revenue basically in line, slight miss.
• NEXT QUARTER GUIDANCE:
• EPS of 1.41 v slightly missed expectations of 1.42
• Revenue came in line with consensus at 2.16B
• Billings guidance beat consensus v slightly.
• FULL YEAR GUIDANCE:
• EPS of 5.56-5.58 beat estimates of 5.51
• Revenue of 8B beat estimates of 7.98B
• Billings of 10.15.5B was up 10-11% YoY
• CEO Nikesh Arora: Enthusiastic response to pjatformization and AI infused security outcomes.
• In conference call said that billings isn’t the only important measure, hence investors should overlook the slight softness in billings.
• Said cybersecurity demand will continue to grow for next several quarters, and PANW will benefit.
• Cyberattacks are scaling and aren’t going away. AI will increase these threats. So the tailwinds for PANW are very strong.

XPEV

• EPS of -0.75 was much better than the -2.06 expected
• Revenue of 6.55B beat estimates of 6.19B. Up 63% YOY, but down 50% QOQ
• Vehicle margin was 5.5%, which was up from 4.1% last quarter, and up form -2.5% last year SO VEHICLE MARGIN IMPROVED
• Vehicle sales came in at 5.54B yuan, up 50% YOY but down 50% QOQ
• Gross margin was 12.9%, up from 1.7% last year and 6.2% last quarter
• SO MARGINS IMPROVED, SALES WERE WORSE THAN LAST QUARTER
• In April saw 9,393 vehicles delivered
• Partnership with Volkswagen group on E/E architecture
• Release of AI powered functions
• GROSS MARGIN IMPROVEMENT DESPITE COMPETITION AND OTHERS CUTTING PRICES WAS A KEY BENEFIT.

NEXT QUARTER GUDIANCE:

• Revenue 7.5-8.3B miss by 15%
• Delivered of 29-32K. Up 30% YOY

MACYS:

• Current quarter:
• ADJ EPS $0.27 vs. $0.56 y/y, EST $0.14. BEAT
• EPS $0.22 vs. $0.56 y/y
• Net sales $4.8B, -3.7% y/y, EST $4.81B. IN LINE
• Gross margin 39.2% vs. 40% y/y, EST 39.6%. MISS
• SG&A expense $1.9B, -2.6% y/y, EST $1.98B. MISS
• GUIDANCE:
• Raised guidance from 2.45-2.85 to 2.55-2.9.
• Raised by 4%
• Beat estimates by 4%, although is a wide guidance
• Sees Net sales at 22.3-22.9B, raising bottom end up slightly from 22.2B.
• More or less in line with guidance.
• Merchandise margins down 100bps due to additional discounting
• Merchandise inventories are well positioned for upcoming summer season
• Credit card revenues down slightly due to higher delinquency rates
• Turnaround plan showing signs of progress as they beat and raise guidance.

LOWES:

• Current quarter:
• EPS of 3.67 beat estimates of 2.95
• Revenue of 21.4B was down YOY by 4%, but beat estimates by 1.3%
• Comparables sales were down 4%
• Reaffirms FY guidance:
• EPS of 12-12.3 vs estimate of 12.19. So miss slightly by 0.4%
• Revenue of 84-85B, basically in line.
• EXPECTS COMPARABLE SALES TO BE DOWN 2-3% vs estimates of 2.43% down.

MAG 7:

• MSFT yesterday, said that Copilot Plus PCs will be based on Qualcomm’s snapdragon X Elite chips, and will offer 15 hours of web browsing and 20 hours of video battery life. MSFT says it’ll outperform MacBook Air.
• On Copilot Plus, Neural processor enables new AI features such as recall for a searchable PC memory.
• MSFT estimates 50 million AI PCs will be sold over the next year. Said its rearchitectured Windows 11 is 58% faster than Apple’s MacBook Air.
• MSFT - restructures Windows 11 for better ARM hardware support and AI integration. Introduces prism emulator, launched to improve compatibility with older x86 and x64 apps. MSFT says Prism emulator is 20% faster than previous versions.
• AAPL - Files law suit to overturn $1.8B EU antitrust fine over App Store rules. AAPL is challenging a 1.8B fine.
• MSFT - OpenAI will be sued by Scarlett Johansson for basically copying her voice against her explicit instruction not to.
• TSLA - Tesla shareholder group still not happy with Elon Musk’s $56B pay package. Urged other investors to reject a $56B pay package.

OTHER COMPANIES:

• XPEV higher on their strong earnings
• MACYS higher on improving picture
• LOW - higher on earnings
• Crypto stocks higher on strong Bitcoin performance
• LRCX 10-1 stock split
• PANW lower on eanrings, seems harsh to me. Other crypto names down in sentiment.
• Chinese stocks lower as Hong Kong MARKET down 1.5% today.
• NOVA - Piper Sandler downgrades Sunnova Energy to neutral from overweight, lowered price target to 4.50 from 9. Analyst had upgraded sun nova in December on expectation of lower rates, but rates have stayed high.
• Li - postpones the launch of its all electric SUVs to the first half of 2025, citing inadequate charging stations and other constraints. CEO emphasised the need for sufficient branded charging stations and more display spots.
• DOWN 4% AGAIN TODAY ON THIS.
• BABA - Alibaba cloud slashes prices for its latest LLM model, Tongyi Qianwen, by up to 97%
• BIDU - in response to Alibaba’s move, BIDU made its ENITRE Speed and ENIRE lite models entirely free to use.
• So we are seeing price wars in AI market.
• JPM says that they will not be increasing buybacks of JPM stock at these prices. Will just continue with previously outlined buyback pace.
• Jamie Dimon also hinted at retirement in the speech, hence JPM lower yesterday
• DELL - Citi raises dell price target to 170 from 125. Optimistic they can gain market share more in AI.
• JD - announces a proposed offering of $1.5B in convertible senior notes, due 2029. Will use proceeds to repurchase shares and expand overseas business.
• PTON - plans global refinancing to address debt. Secured nearly $1.4B in new credit facilities.
• ASML and TSM said they have measures in place to remotely disable advanced EUV chip making machines if China was to invade Taiwan.
• QCOM - shares were higher yesterday after Several big companies including Dell and MSFT announced AI laptops using Qualcomm’s snapdragon X elite chip. MSFT says these devices will outperform apple MacBook Air M3.
• ARM - MSFT will announce Arm powered laptops
• WEN - launches a $3 breakfast deal, including small seasoned potatoes, choice of bacon, eggs and cheese or sausage, eggs and cheese muffin. Rivals Mcdonalds $5value meal
• DASH - expanded its partnership with ULTA beauty to offer on demand delivery in under an hour from 1350 stores across all 50 states.
• VFS - US regulators are probing a vin fast VF 8 Crash, that killed 4 in California.
• LLY - secures china approval for diabetes drug, Tirzepatide. Received approval in China for its diabetes drug.
• BA - one killed on Singapore Airlines Boeing 777 due to severe turbulence.
• DIS - Redburn upgrades to neutral from Sell. Price target 100.
• Samsung - appoints new chief for its chip business, amid competition.

OThER NEWS:

• BTC higher to 72K.
• ETH popped 20% yesterday on renewed optimism for ETF, that SEC might green light spot ether ETFs ahead of first deadline later this week.
• Yardeni research sees Dow Jones DJI at 60k and SPX at 8k by 2030
• Mester’s comments yesterday:
• 3 rate cuts this year is no longer appropriate.
• April CPI was good, but too soon to say what path inflation is on. She said she doesnt think about rate cuts in terms of when. We can raise rates but its not base case. That’s bearish, but also unrealistic. I think there’s less risk now that we are too restrictive, and inflation risks are to upside.
• BEARISH COMMENTS FROM MESTER OVERALL
• Jefferson’s Comments yesterday:
• April inflation was encouraging. Labour market coming into better balance. Inflation decline isn’t as fast as we had liked. Policy is restrictive. - NEUTRAL comments, I’d say.
• Following these comments, Bank of America said that whilst the bar for rate hikes is still v high, rate cuts are still far off. Said Services inflation still running way above target.
• Bank of America believes markets got excited at the print, said markets pricing 50bps of cuts are likely to get disappointed.
• Did push back on stagflation narrative.
• SPACEX Q1 launch report shows that SpaceX is now launching 87% of all payload to orbit, a new record high.
• New Yorkers on average earned $89K last year, meaning that without spending more than 30% of annual income on rent, they can afford $2,216 on housing. That’s only enough to afford 4.4% of rentals.
• Marko Kolanovic held his bearish outlook on stocks, urging clients not to buy. So not all bears are capitulating.
• Fidelity ethereal fund says that the trust’s Ether will not be staked.
• IMF official expects next stage for BOE is to ease rates, says UK monetary policy is at inflection point. Actions by UK authorities are paying off.
• Said BoE should cut rates by 50-75bps in 2024.
• Upgraded UK growth forecast to 0.7% this year from 0.5% previously
• Dubai Airport expects record passenger traffic this year, set to top 100M by 2027.

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For investors, initial public offerings (IPOs) present an exciting opportunity to participate early in potentially profitable ventures. IPOs do, however, include particular risks and requirements. Before you choose to invest in an IPO, consider the following information.
First, comprehend what an IPO is.
A corporation raises money by initially selling shares to the general public, or an IPO. The move from private to public offers investors a special chance to encourage and maybe profit from a company's expansion.

1. Examine the Business Completely

Thorough research is necessary before making an IPO investment. Recognize the company's financial situation, development potential, industry position, and business strategy. Assess the management team's experience and leadership of the organization. It is essential to read the company's prospectus, also referred to as the Red Herring Prospectus, in its entirety. This paper includes comprehensive details regarding the company's operations, competitive landscape, financials, and associated risks.

1. Examine the Goal of the IPO

Determine the rationale behind the company's IPO. Do they want to increase operations, reduce debt, or give current stakeholders a way out? The way the money are used might provide you with information about the company's financial situation and future goals.

1. Assess the Company's Appraisal

It can be difficult to determine if the stock is priced adequately. Check the company's valuation against those of comparable businesses in the sector. Examine sales data, price-to-earnings ratios, and other pertinent financial indicators. Overpriced offerings should be avoided since they may not provide good returns.

1. State of the Market

An IPO's success can be significantly impacted by market sentiment. An IPO that is successful may result from a bullish market, whereas a bearish one may have the opposite effect. Before making an investment, take the state of the economy and market trends into account.

1. Role of Regulatory Body

IPOs are supervised in India by the Securities and Exchange Board of India (SEBI). Although SEBI's clearance of an IPO shows that the offering complies with all legal criteria, it does not ensure the success of the IPO.

1. Evaluation of Risk

Generally speaking, IPO investments are regarded as high risk. First trading days of an IPO might be impacted by market volatility. Stocks may not always perform as predicted, and if a company's performance deteriorates, investors may lose their initial investment.

1. Examine the prospectus for Red Herring.

A thorough overview of the business, including financial statements, the legal and regulatory landscape in which it works, and any possible hazards, will be provided in the prospectus. Having this paper on hand is essential to make a wise choice.

1. Speak with financial specialists

If you're unsure, it may be helpful to speak with a financial counselor or make use of a brokerage like Ajmera x-change. Expert advisors can offer more in-depth information and assist in customizing your investment based on your risk tolerance and financial objectives.

1. A long-term success View

Think about if you're investing for short-term profit or because you think the company has room to grow over the long run. When a company grows and performs successfully, an IPO can eventually yield large rewards.
Conclusion
Investing in an IPO can be rewarding, but it requires careful consideration and research. By understanding the company, assessing its valuation, and considering market conditions, you can make a more informed decision. Always remember, investing in IPOs involves substantial risk, and it's essential to consider your financial goals and risk tolerance.
For a detailed guide on investing in IPOs, explore further at Ajmera Exchange - https://www.ajmeraxchange.co.in/blogs/important-factors-to-consider-before-investing-in-an-ipo