Doing a full kitchen remodel but need to try to stay in a pretty tight budget.
I need:

• a stainless steel single basin sink. Any you would recommend that don't scratch too easily?
  
• a decent garbage disposal
  
• kitchen sink faucet without the touch function, but with the pull down ability
  
• microwave to put in a microwave drawer
  

I've looked online and find all price ranges but I don't know what brands are reputable besides delta and Kohler so wanted to check here.

RCKT - rocket pharmaceuticals is a biopharma focused on gene therapy. They have a FDA BLA with PDUFA at the end of this month, if approved it would be the first approved therapy for this company, and the best treatment for the ultra-rare genetic disease called LAD-I.
Their pipeline is: - FA-A BLA submission imminent - DCM (BAG3) phase 1 start 2H24 - PKD phase 1 (NCT04105166) primary completion 2025-05-01 - Danon disease phase 2 pivotal (NCT06092034) primary completion 2025-09-01 - ACM (PKP2) phase 1 (NCT05885412) primary completion 2025-09-01.
I'm assuming LAD-I will be priced at $3.8million per, FA-A and PKD will be priced at $2.8million per, Danon, ACM, DCM at $1.5million to $2million per. Maybe some will be higher or some lower, but these are reasonable prices for ultra-rare / rare gene therapy compared to other currently in use therapies. Given these assumptions I think LAD-I approval this month and FA-A approval early next year will give the company roughly enough cash to be cashflow positive before their cash runs out. Assuming there is a PRV for each of these 2 approvals, for rare paediatric, and each PRV can be sold for $100million. They still have $114million left in the ATM and $330million cash on the balance sheet as of end of March. It might be close, there might be a raise or an additional ATM of $100million to $200million, but I'm pretty sure they will not need it and they will be cashflow positive before their cash runs out.
After that you are looking at the company with what will be first to market and probably the best-in-class gene therapies in Danon, PKP2-ACM, and BAG3-DCM, each of these is a blockbuster by itself, together you are looking at a valuation of maybe $5billion in 2025/2026 on a buyout, or $20billion after all 3 gets approved by 2029, and that's underestimating it and not including LAD-I, FA-A, PKD, and whatever else they will have in the pipeline by then.
Company has no debt. 3.12million warrants outstanding, all of it underwater right now, exercise price between 22.51 to 65.23. 1.88million restricted stock units. 15.9million options at exercise price of 16.12 (not sure how much is still outstanding).
In my modelling I assumed 85% chance of approval for LAD-I and FA-A, 35% chance of success for PKD, 64% chance of success for Danon, 35% chance of success for ACM, and 28% chance of success for DCM. (I likely used very low success chances here, looking at their data I think the chances are probably much higher, but margin of safety and all that) I used a free cashflow discount rate of 10%. I assumed all warrants and options are exercised, plus some future stock-based compensation rewards after the approvals, for a fully diluted 124million shares (I likely overestimated the dilution by a lot, it's currently at 90.78million shares outstanding). Given the above assumptions I arrived at a fair price per share of between $25 to $36 for right now on 2024-06-08, and a price per share of over $100 by 2028 (if they are not bought by big pharma before then, and honestly if I was Pfizer or Bristol this company looks like the answer to all my prayers).
So, right now this company is the biggest part of my portfolio. Maybe on Monday FDA will reject the drug and you guys can all come here and have a laugh. So you know, this is not investment advice, stocks are risky, blah blah all the disclaimers. I sincerely believe this is a 5x, maybe more.

1. Check Reviews Good plumbing companies will have plenty of positive reviews from real customers. Make sure to check multiple platforms like Google, Yelp, and HomeStars.
2. Spot Fake Reviews Be wary of overly generic reviews that sound too good to be true. Authentic reviews usually mention specific details about the service received.
3. Choose Honest Companies Honest plumbing companies might charge fair prices and do quality work, ultimately saving you money by avoiding repeat issues and unnecessary repairs.

When you have a problem with your sink, faucet, or drain, consider Plumber To Your Door as your go-to plumber in Toronto. With hundreds of reviews and years of experience, you can trust them to get the job done right.

Maintaining a clean and hygienic bathroom is essential for the health and comfort of your family. However, achieving a spotless bathroom can be a challenging and time-consuming task. This is where professional bathroom cleaning services come into play. PS Integrated Facilities Pvt. Ltd, located in Chandigarh, offers top-notch bathroom cleaning services that ensure your bathroom is pristine and germ-free. In this article, we will explore the benefits of hiring professional bathroom cleaning services, the process involved, and additional services like marble floor polishing that can further enhance your home’s cleanliness.

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that ensure your bathroom is pristine and germ-free. In this article, we will explore the benefits of hiring professional bathroom cleaning services, the process involved, and additional services like marble floor polishing that can further enhance your home’s cleanliness.

Moderna's stock price took a hit as the Covid-19 pandemic receded, but the biotech company's future looks bright. Despite the decline in its share price, Moderna is approaching multiple launches beyond its successful Covid-19 vaccine, and its pipeline of mRNA-based vaccines and treatments is advancing rapidly across multiple therapeutic areas. Morningstar believes Moderna's stock is currently undervalued by 36%, and its fair value is $227 per share.
mRNA Technology Validation and Uncertainties
Moderna's mRNA technology gained rapid validation through the soaring sales of its Covid-19 vaccine in 2021 and 2022. However, the company has yet to secure a narrow economic moat around its business due to uncertainties tied to the evolving virus and the changing competitive landscape for innovative vaccines.
In an unprecedented span of just 11 months, Moderna created, developed, manufactured, and received regulatory authorization for mRNA-1273, a two-dose Covid-19 vaccine that was one of the first two mRNA vaccines ever authorized, alongside PfizeBioNTech's BNT162b2. The pandemic accelerated Moderna's evolution into a commercial-stage biotech, and the company's ramp-up in manufacturing and clinical know-how is expected to pave the way for faster timelines for additional programs.
Diversified Pipeline and Partnerships
Moderna's mRNA platform, involving rapid design and similar manufacturing across programs, allows the company to pursue multiple programs in parallel. Moderna retains full rights to most of its programs, although partnerships with Merck and Vertex help support its efforts in oncology and cystic fibrosis.
The company reported roughly $18 billion in Covid-19 vaccine sales in both 2021 and 2022. While vaccine fatigue and uncertainty around the severity of Covid-19 infections in the coming season may impact sales, Morningstar assumes $6.2 billion in sales in 2023. Morningstar sees potential for continued revenue around $4 billion annually if higher-risk populations receive annual vaccines, although there is high uncertainty around the number of long-term competitors (including new mRNA players) and pricing, particularly as the US market moves from government contracts to a commercial market.
Promising Pipeline and Future Prospects
Moderna's phase 3 pipeline beyond Covid-19 is growing and includes potential 2024 launches in RSV and oncology, as well as 2025 launches for a Covid-19/flu combination vaccine and rare disease treatments. Moderna and Merck's melanoma therapy has potential in a wide range of cancers in combination with Merck's Keytruda. Morningstar thinks mRNA technology will eventually be used in a broad spectrum of other therapeutic areas, from cancer to cardiology to rare diseases.

ANALYSIS:

• More intraday analysis will be posted in the sub tradingedge today for what to expect for the market today. I will also post intraday levels. For now I leave you with the post I made yesterday, which some may have seen, regarding the action we saw yesterday, and what caused it.
• Market pushed notably higher today as a result of a squeeze. There had been bearish flow building this week as traders call a pullback. But today vix wall expired and nvda push + good data led to a move higher above 5300. This caused bears to close their positions, fuelling more squeeze higher.
• With squeezes, the gamma wall levels given in the premarket posts can break, because the volume is ridiculous. Thats what happened today. As the max level breaks, Market makers hedge by going long, which causes more squeeze higher.
• This kind of occurrence has been happening a lot since November. As traders call a pullback or try to call a top, they buy puts or go short. Then when the data comes good or one or the big mag 7 stocks (often nvda) runs higher, the market breaks key resistances ans the bears are forced to cover their shorts, which leads to more squeeze.
• That's why when I was giving commentary earlier this week, I said caution is required, but still long. I didnt say go short. I'm telling you now as a fact, going short is extremely dangerous in an environment where traders are short vol which is suppressing it like crazy, and causing the market dips to be quickly bought.
• Best not to try to pre empt tops but to go with the gamma levels, and the data
• Many funds will be getting fucked in this kind of market squeeze. Many retail traders too, which has actually been the case a lot since November. Thats because I saw retail flows have been short since November even as market pumped higher. Why? Because they tried to call a top. "Market can't go higher, surely". In a squeeze, there's no limit. Resistances can break. Yes market will mean revert at some point but there's no reason that will be now when the squeeze happens lile this. If you go short at the wrong time you will get fucked by this squeeze.

DATA LEDE:

• Australia Balance of Trade comes stronger than expected, at 6.5B vs 5.4B expected. More exports than imports. Strong AUD as a result.
• Construction PMIs across eurozone came weak. All quite deep in contraction.
• UK construction PMI on other hand came positive, in expansion.
• Eurozone Retail sales:
• YOY came 0% vs forecast of a jump 0.2%
• MOM came -0.5% vs -0.3% expected
• SO EUROZONE RETAIL SALES WERE BASICALLY WEAKER THAN EXPECTED.
• More likely to see rate cuts.
• ECB meeting later - expected cut but see what Lagarde says.

MARKETS:

• SPX and NAsdaq closed at record highs yesterday after squeeze. Squeezed to 5355, Nasdaq squeezed above 19k.
• SPX Today, in premarket has been flat around these levels of 5360.
• Nasdsaq: maintaining the 19k level. 19k now to act as support.
• DJI - trading at 38.8k, flat. Continues to lag other indices due to lower tech exposure.
• GER40: Moving higher in prmakret today ahead of ECB meeting. Expectation of dovish ECB is fuelling risk on sentiment. Wall is 18,800.
• HKG50: Flat today at 18500 - similar to previous days’ action, moved slightly higher earlier in the session before selling off again back to where it started really.
• GOLD: pushed higher yesterday after testing close to the 2300 level. Now trading at 2360. Recovery, but with low volumes.
• SIlver: After 4% sell off on Tuesday, has now recovered around 2.5% of that. Again, recovery but with low volumes.
• OIL: Similar story to gold, slow recovery with low volumes. Trying to find a bottom.
• VIX: This is key, Vix wall at 13 got taken out yesterday. Today is trading at 12.75, so remains suppressed.

FX:

• DXY was lower, earlier in the session, dropping back tot he 104 range, before moving slightly higher to 104.33.
• CHFUSD squeezing higher, now at 1.12. Was a shit ton of shorts here so they are getting squeezed higher.
• EURUSD was higher before paring gains ahead of ECB. 1.08-1.09 range
• GBPUSD similar story, bounced off 1.28
• USDJPy was lower earlier in the session, now higher to 156.2.

EARNINGS:

• SMAR - strong quarter, strong guidance, and buyback
• EPS of 0.32 beat estimates by 19%
• Revenue of 263M beat by 2%
• Other key metrics for this quarter:
• ARR was up 19% YOY
• Operating cash flow was up 47% YOY
• Free cash flow was up 47% YOY
• Subscription revenue was up 21% YOY
• Dollar based retention rate was 114%
• STRONG CURRENT QUARTER.
• They authorised a new 150M share repurchase which is bullish.
• GUIDANCE:
• Q2 guidance:
• EPS of 28.5 cents beat estimates by 14%
• Revenue of 274M was in line with estimates.
• SO STRONG EPS GUIDANCE
• FULL YEAR:
• EPS of 1.22-1.29 beat estimates by 12%
• Revenue of 1.12 was in line

LULU

• EPS of 2.54 beat estimates by 5.8%
• Revenue of 2.21B beat estimates by 0.5% So more or less in line
• Gross margin was 57.7%, beat by 20BPS
• Increased their stock buyback program by1B.
• Overall, strong results this quarter, with the added sweetener of the buyback.
• Digging more:
• Comp sales were a bit short, coming in at 7% vs 7.8% expected
• Gross margins, as mentioned, beat by 20bps
• Operating margin came in at 19.6% vs 18.9% expected. Beat by 70bps
• Inventory came down which is good, at 1.35B vs 1.5B expected.
• Geographically, America was up 3% YOY in sales
• International sales wer Cup 35% YOY
• Growing at 50% plus in China.
• All in all, good results. Said they aw strong momentum in international markets and positive response to their product innovations. Said they continue to focus on power of 3 to double business from 2021 revenue by 2026.
• Look at guidance:
• Next quarter;
• EPS of 2.92-2.97 vs 3.01 expected (miss by 2%)
• Revenue of 2.4-2.42B (miss by 1.5%)
• So slight miss on next quarter. They are still expecting to iron out thier problems. But full year guidance is better:
• FY 2025 guidance:
• EPS of 14.27-14.47 (raised by 2%, and ahead of expectations)
• Revenue of 10.7-10.8B, in line with expectations.
• Overall, good results.

FIVE - V Weak earnings

• EPS of 0.60 missed the mark by 4.8%
• Revenue of 812M missed by 3%
• Comparable sales was down 2.3%
• MISS ON BOTH TOP AND BOTTOM LINE.
• But guidance is where it really got scratchy
• Next quarter guidance:
• EPS expected to be 57-69, massive miss by 40% vs estimates
• Revenue of 840M, big miss by 5% vs estimates
• Expected for comp sales to DECREASE by mid single digits. UH OH
• Full year guidance:
• Cut for both EPS and Revenue
• Cut EPS guidance by 10%, missed by 20% vs expectations.
• Expects comparable sales of -4%
• Commentary:
• Results were disappointing
• Needs based items are doing okay, macro environment is killing their core lower income customers basically.

NIO:

• Q1 revenue came in at 9.91B vs estimates of 10.75 (miss by 8%)
• Q1 adjusted loss per share of 33 cents (which was below estimates)
• Q1 gross margin was 4.9% vs estimate of 4.75% (beat expectations)
• Said they expect Q2 deliveries to be 54-56k vs estimates of 41.3k.
• SO they are expecting FAR more deliveries next quarter than expected, more than 25% more.
• So strong delivery guidance, Revenue for last quarter was a bit weak, as was their operating loss.

MAG 7:

• NVDA - hit 3T market cap yesterday, overtook Apple as 2nd most valuable company.
• NVDA pumps again in premarket in squeeze action ahead of Stock split.
• NVDA - HPE CEO says Nvda is changing the world.
• TSLA. Canaccord Genuity raises price target to 267 from 222 and maintains buy rating. Said this upgrade is based on data they have uncovered from April and May for Deliveries across 40 countries. Said delivery estimates are strong.
• TSLA - Musk said FSD 12.4.1 will be rolled out to employees today, if goes well, external customers will get access this weekend.
• TSLA - their supplier, Panasonic energy said it may be a little hard to meet the goal of boosting EV battery capacity to 200 gigawatt hours per year by 2030.
• AAPL - now 3rd most valuable company, behind NVDA
• AMZN - has agreed to acquire some assets of Indian video streaming service, MX player from Times Internet. Values MX player at under 100M, much lower than its last valuation of 500M.

OTHER COMPANIES:

• BTC flat at 71k. Miners slightly lower.
• PLTR on watch today as they are holding AIPCon event today. Will be unveiling new customers and products.
• SOLAR companies: Senator Sherrod Brown and other congressional democrats are calling on the president to investigate Chiense solar companies for allegedly evading US tariffs.
• MSGS - NBA nearing deals with ESPN, NBC and Amazon worth about $76B over 11 years. ESPN will continue airing NBA finals, Amazon will include regular season and playoff games, and some conference finals. NBC will air around 100 games a year, some with peacock
• PYPL - BoA investor conference and Paypal CEO discussing some new first look products, whose numbers are not included in forecasts.
• CEO says their outlook was for low double digit EPS growth.s aid they are TRENDING AHEAD right now, and expect H1 of year to be strong.
• Growth will be non linear as we look to rest of year.
• COST - May sales were up 8% YOY. 39 week sales were up 7% YOY. Comp sales were up 6% YOY. Ecommerce sales were up 15% YOY. Strong sales numbers across all geographies, US, International all included.
• PDD - US customs is cracking down on duty free imports, delaying shipments for Shein and Temu. Has suspended multiple customs brokers from expedited clearance program. Likely to cause delays
• HOOD - passes 20B in overnight trading volumes since launching, over the past year.
• HOOD - acquire Bitstamp for 200M in cash - showing confidence in their Crypto business.
• These are good catalysts indeed for Hood.
• Covid vaccine stocks were higher yesterday as result of FDA recommending covid vaccines for 2024 for new strain.
• NVAX pumping extra in premarket as it announced it anticiaptes delivering vaccine by September, following FDA recommendation. With short ratio of 34%, that can be a potential squeeze again, but was up 18% yesterday and up 13% in premarket already so have to be cautious of sign of exhaustion.
• ZIM - downgraded by Citi to sell.
• UAL - Redburn Atlantic upgrades UAL to buy from neutral with PT of 70. Said there’s growing divergence in performance of US carriers, and said customers will continue to favour certain players. UAL’s got more exposure to resilient demand areas, they said.
• WMT - Oppenheimer raises Walmart Price target to 75 from 69. Said they expect a multi year profit boom to continue, driven by storng management execution and momentum in WMT’s core geographies.
• RIOT - increasers stake in BITF to 12%
• SMTC up on earnings, price target raised to 50 from 38 by Goldman.
• TTC up on earnings
• MARA - posts a more than 50% decrease in may bitcoin production after April halving. Not good. Got price target yesterday of 14 from JPM.
• ABM up on earnings. Need to read full report
• CVNA - Evercore ISI adds caravan to its positive tactical trading list, citing several factors that could drive the stock price higher.
• ONON up in sentiment with LULU
• Chinese EV down on Nio results.

OTHER news:

• Goldman Sachs says that the lwoer income consumer is likely under more pressure than we originally though.
• Goldman also aid that they expect a flood fo cash from passive equity allocations to pour into the market in early July, setting up a continued rally throughout the summer.
• Said share prices should benefit from strong seasonal trends and rising engagement from retail investors.
• Bank of America says that AI software market will grow to 944B by 2027, an increase of 154% vs 2022.
• CIti say that OPEC+ are likely to end up holding full production costs right rhgouh to H1 2025, despite their comments on the weekend, as they will be forced to react to a weak market.
• Saudi energy minister said a similar thing, that they have the option to pause or reverse the output increase.
• Meanwhile, Nigeria says they are targeting Oil production of around 2 million barrels per day by December, vs 1.4m now.
• FDA advisers unanimously recommend Covid19 vaccines for 2024-2025 to target the jn1 variant. Pfizer and biotech looking to supply updated vaccines immediately, Moderna and Novovax after August.
• UK businesses see CPI at 2.9% next may, same as their previous year ahed forecast. They see wage growth lower than previous forecasts, as labour market weakens.
• Bird flu death in Mexico - linked to strain not seen in humans before.
• Modi says that India is looking for stronger ties with Taiwan.
• SOLAR companies: Senator Sherrod Brown and other congressional democrats are calling on the president to investigate Chiense solar companies for allegedly evading US tariffs.
• Italy statistics bureau raises their 2024 GDP estimate to 1% from 0.7%
• BOJ’s Nakamura says that raising interest rates now would be premature, and that they should move to monetary policy to address yen falls as the Japanese economy isn’t yet strong enough for that.
• Ueda says he’s proceeding cautiously on interest rates
• Quite dovish comments basically

ANALYSIS

• Market pushed notably higher today as a result of a squeeze. There had been bearish flow building this week as traders call a pullback. But today vix wall expired and nvda push + good data led to a move higher above 5300. This caused bears to close their positions, fuelling more squeeze higher.
• With squeezes, the gamma wall levels given in the premarket posts can break, because the volume is ridiculous. Thats what happened today. As the max level breaks, Market makers hedge by going long, which causes more squeeze higher.
• This kind of occurrence has been happening a lot since November. As traders call a pullback or try to call a top, they buy puts or go short. Then when the data comes good or one or the big mag 7 stocks (often nvda) runs higher, the market breaks key resistances ans the bears are forced to cover their shorts, which leads to more squeeze.
• That's why when I was giving commentary earlier this week, I said caution is required, but still long. I didnt say go short. I'm telling you now as a fact, going short is extremely dangerous in an environment where traders are short vol which is suppressing it like crazy, and causing the market dips to be quickly bought.
• Best not to try to pre empt tops but to go with the gamma levels, and the data
• Many funds will be getting fucked in this kind of market squeeze. Many retail traders too, which has actually been the case a lot since November. Thats because I saw retail flows have been short since November even as market pumped higher. Why? Because they tried to call a top. "Market can't go higher, surely". In a squeeze, there's no limit. Resistances can break. Yes market will mean revert at some point but there's no reason that will be now when the squeeze happens lile this. If you go short at the wrong time you will get fucked by this squeeze.

DATA LEDE:

• Australia Balance of Trade comes stronger than expected, at 6.5B vs 5.4B expected. More exports than imports. Strong AUD as a result.
• Construction PMIs across eurozone came weak. All quite deep in contraction.
• UK construction PMI on other hand came positive, in expansion.
• Eurozone Retail sales:
• YOY came 0% vs forecast of a jump 0.2%
• MOM came -0.5% vs -0.3% expected
• SO EUROZONE RETAIL SALES WERE BASICALLY WEAKER THAN EXPECTED.
• More likely to see rate cuts.
• ECB meeting later - expected cut but see what Lagarde says.

MARKETS:

• SPX and NAsdaq closed at record highs yesterday after squeeze. Squeezed to 5355, Nasdaq squeezed above 19k.
• SPX Today, in premarket has been flat around these levels of 5360.
• Nasdsaq: maintaining the 19k level. 19k now to act as support.
• DJI - trading at 38.8k, flat. Continues to lag other indices due to lower tech exposure.
• GER40: Moving higher in prmakret today ahead of ECB meeting. Expectation of dovish ECB is fuelling risk on sentiment. Wall is 18,800.
• HKG50: Flat today at 18500 - similar to previous days’ action, moved slightly higher earlier in the session before selling off again back to where it started really.
• GOLD: pushed higher yesterday after testing close to the 2300 level. Now trading at 2360. Recovery, but with low volumes.
• SIlver: After 4% sell off on Tuesday, has now recovered around 2.5% of that. Again, recovery but with low volumes.
• OIL: Similar story to gold, slow recovery with low volumes. Trying to find a bottom.
• VIX: This is key, Vix wall at 13 got taken out yesterday. Today is trading at 12.75, so remains suppressed.

FX:

• DXY was lower, earlier in the session, dropping back tot he 104 range, before moving slightly higher to 104.33.
• CHFUSD squeezing higher, now at 1.12. Was a shit ton of shorts here so they are getting squeezed higher.
• EURUSD was higher before paring gains ahead of ECB. 1.08-1.09 range
• GBPUSD similar story, bounced off 1.28
• USDJPy was lower earlier in the session, now higher to 156.2.

EARNINGS:

• SMAR - strong quarter, strong guidance, and buyback
• EPS of 0.32 beat estimates by 19%
• Revenue of 263M beat by 2%
• Other key metrics for this quarter:
• ARR was up 19% YOY
• Operating cash flow was up 47% YOY
• Free cash flow was up 47% YOY
• Subscription revenue was up 21% YOY
• Dollar based retention rate was 114%
• STRONG CURRENT QUARTER.
• They authorised a new 150M share repurchase which is bullish.
• GUIDANCE:
• Q2 guidance:
• EPS of 28.5 cents beat estimates by 14%
• Revenue of 274M was in line with estimates.
• SO STRONG EPS GUIDANCE
• FULL YEAR:
• EPS of 1.22-1.29 beat estimates by 12%
• Revenue of 1.12 was in line

LULU

• EPS of 2.54 beat estimates by 5.8%
• Revenue of 2.21B beat estimates by 0.5% So more or less in line
• Gross margin was 57.7%, beat by 20BPS
• Increased their stock buyback program by1B.
• Overall, strong results this quarter, with the added sweetener of the buyback.
• Digging more:
• Comp sales were a bit short, coming in at 7% vs 7.8% expected
• Gross margins, as mentioned, beat by 20bps
• Operating margin came in at 19.6% vs 18.9% expected. Beat by 70bps
• Inventory came down which is good, at 1.35B vs 1.5B expected.
• Geographically, America was up 3% YOY in sales
• International sales wer Cup 35% YOY
• Growing at 50% plus in China.
• All in all, good results. Said they aw strong momentum in international markets and positive response to their product innovations. Said they continue to focus on power of 3 to double business from 2021 revenue by 2026.
• Look at guidance:
• Next quarter;
• EPS of 2.92-2.97 vs 3.01 expected (miss by 2%)
• Revenue of 2.4-2.42B (miss by 1.5%)
• So slight miss on next quarter. They are still expecting to iron out thier problems. But full year guidance is better:
• FY 2025 guidance:
• EPS of 14.27-14.47 (raised by 2%, and ahead of expectations)
• Revenue of 10.7-10.8B, in line with expectations.
• Overall, good results.

FIVE - V Weak earnings

• EPS of 0.60 missed the mark by 4.8%
• Revenue of 812M missed by 3%
• Comparable sales was down 2.3%
• MISS ON BOTH TOP AND BOTTOM LINE.
• But guidance is where it really got scratchy
• Next quarter guidance:
• EPS expected to be 57-69, massive miss by 40% vs estimates
• Revenue of 840M, big miss by 5% vs estimates
• Expected for comp sales to DECREASE by mid single digits. UH OH
• Full year guidance:
• Cut for both EPS and Revenue
• Cut EPS guidance by 10%, missed by 20% vs expectations.
• Expects comparable sales of -4%
• Commentary:
• Results were disappointing
• Needs based items are doing okay, macro environment is killing their core lower income customers basically.

NIO:

• Q1 revenue came in at 9.91B vs estimates of 10.75 (miss by 8%)
• Q1 adjusted loss per share of 33 cents (which was below estimates)
• Q1 gross margin was 4.9% vs estimate of 4.75% (beat expectations)
• Said they expect Q2 deliveries to be 54-56k vs estimates of 41.3k.
• SO they are expecting FAR more deliveries next quarter than expected, more than 25% more.
• So strong delivery guidance, Revenue for last quarter was a bit weak, as was their operating loss.

MAG 7:

• NVDA - hit 3T market cap yesterday, overtook Apple as 2nd most valuable company.
• NVDA pumps again in premarket in squeeze action ahead of Stock split.
• NVDA - HPE CEO says Nvda is changing the world.
• TSLA. Canaccord Genuity raises price target to 267 from 222 and maintains buy rating. Said this upgrade is based on data they have uncovered from April and May for Deliveries across 40 countries. Said delivery estimates are strong.
• TSLA - Musk said FSD 12.4.1 will be rolled out to employees today, if goes well, external customers will get access this weekend.
• TSLA - their supplier, Panasonic energy said it may be a little hard to meet the goal of boosting EV battery capacity to 200 gigawatt hours per year by 2030.
• AAPL - now 3rd most valuable company, behind NVDA
• AMZN - has agreed to acquire some assets of Indian video streaming service, MX player from Times Internet. Values MX player at under 100M, much lower than its last valuation of 500M.

OTHER COMPANIES:

• BTC flat at 71k. Miners slightly lower.
• PLTR on watch today as they are holding AIPCon event today. Will be unveiling new customers and products.
• SOLAR companies: Senator Sherrod Brown and other congressional democrats are calling on the president to investigate Chiense solar companies for allegedly evading US tariffs.
• MSGS - NBA nearing deals with ESPN, NBC and Amazon worth about $76B over 11 years. ESPN will continue airing NBA finals, Amazon will include regular season and playoff games, and some conference finals. NBC will air around 100 games a year, some with peacock
• PYPL - BoA investor conference and Paypal CEO discussing some new first look products, whose numbers are not included in forecasts.
• CEO says their outlook was for low double digit EPS growth.s aid they are TRENDING AHEAD right now, and expect H1 of year to be strong.
• Growth will be non linear as we look to rest of year.
• COST - May sales were up 8% YOY. 39 week sales were up 7% YOY. Comp sales were up 6% YOY. Ecommerce sales were up 15% YOY. Strong sales numbers across all geographies, US, International all included.
• PDD - US customs is cracking down on duty free imports, delaying shipments for Shein and Temu. Has suspended multiple customs brokers from expedited clearance program. Likely to cause delays
• HOOD - passes 20B in overnight trading volumes since launching, over the past year.
• HOOD - acquire Bitstamp for 200M in cash - showing confidence in their Crypto business.
• These are good catalysts indeed for Hood.
• Covid vaccine stocks were higher yesterday as result of FDA recommending covid vaccines for 2024 for new strain.
• NVAX pumping extra in premarket as it announced it anticiaptes delivering vaccine by September, following FDA recommendation. With short ratio of 34%, that can be a potential squeeze again, but was up 18% yesterday and up 13% in premarket already so have to be cautious of sign of exhaustion.
• ZIM - downgraded by Citi to sell.
• UAL - Redburn Atlantic upgrades UAL to buy from neutral with PT of 70. Said there’s growing divergence in performance of US carriers, and said customers will continue to favour certain players. UAL’s got more exposure to resilient demand areas, they said.
• WMT - Oppenheimer raises Walmart Price target to 75 from 69. Said they expect a multi year profit boom to continue, driven by storng management execution and momentum in WMT’s core geographies.
• RIOT - increasers stake in BITF to 12%
• SMTC up on earnings, price target raised to 50 from 38 by Goldman.
• TTC up on earnings
• ABM up on earnings. Need to read full report
• CVNA - Evercore ISI adds caravan to its positive tactical trading list, citing several factors that could drive the stock price higher.
• ONON up in sentiment with LULU
• Chinese EV down on Nio results.

OTHER news:

• Goldman Sachs says that the lwoer income consumer is likely under more pressure than we originally though.
• Goldman also aid that they expect a flood fo cash from passive equity allocations to pour into the market in early July, setting up a continued rally throughout the summer.
• Said share prices should benefit from strong seasonal trends and rising engagement from retail investors.
• Bank of America says that AI software market will grow to 944B by 2027, an increase of 154% vs 2022.
• CIti say that OPEC+ are likely to end up holding full production costs right rhgouh to H1 2025, despite their comments on the weekend, as they will be forced to react to a weak market.
• Saudi energy minister said a similar thing, that they have the option to pause or reverse the output increase.
• Meanwhile, Nigeria says they are targeting Oil production of around 2 million barrels per day by December, vs 1.4m now.
• FDA advisers unanimously recommend Covid19 vaccines for 2024-2025 to target the jn1 variant. Pfizer and biotech looking to supply updated vaccines immediately, Moderna and Novovax after August.
• UK businesses see CPI at 2.9% next may, same as their previous year ahed forecast. They see wage growth lower than previous forecasts, as labour market weakens.
• Bird flu death in Mexico - linked to strain not seen in humans before.
• Modi says that India is looking for stronger ties with Taiwan.
• SOLAR companies: Senator Sherrod Brown and other congressional democrats are calling on the president to investigate Chiense solar companies for allegedly evading US tariffs.
• Italy statistics bureau raises their 2024 GDP estimate to 1% from 0.7%
• BOJ’s Nakamura says that raising interest rates now would be premature, and that they should move to monetary policy to address yen falls as the Japanese economy isn’t yet strong enough for that.
• Ueda says he’s proceeding cautiously on interest rates
• Quite dovish comments basically

ANALYSIS:

• More intraday analysis will be posted in my sub tradingedge today for what to expect for the market today. I will also post intraday levels. For now I leave you with the post I made yesterday, which some may have seen, regarding the action we saw yesterday, and what caused it.
• Market pushed notably higher today as a result of a squeeze. There had been bearish flow building this week as traders call a pullback. But today vix wall expired and nvda push + good data led to a move higher above 5300. This caused bears to close their positions, fuelling more squeeze higher.
• With squeezes, the gamma wall levels given in the premarket posts can break, because the volume is ridiculous. Thats what happened today. As the max level breaks, Market makers hedge by going long, which causes more squeeze higher.
• This kind of occurrence has been happening a lot since November. As traders call a pullback or try to call a top, they buy puts or go short. Then when the data comes good or one or the big mag 7 stocks (often nvda) runs higher, the market breaks key resistances ans the bears are forced to cover their shorts, which leads to more squeeze.
• That's why when I was giving commentary earlier this week, I said caution is required, but still long. I didnt say go short. I'm telling you now as a fact, going short is extremely dangerous in an environment where traders are short vol which is suppressing it like crazy, and causing the market dips to be quickly bought.
• Best not to try to pre empt tops but to go with the gamma levels, and the data
• Many funds will be getting fucked in this kind of market squeeze. Many retail traders too, which has actually been the case a lot since November. Thats because I saw retail flows have been short since November even as market pumped higher. Why? Because they tried to call a top. "Market can't go higher, surely". In a squeeze, there's no limit. Resistances can break. Yes market will mean revert at some point but there's no reason that will be now when the squeeze happens lile this. If you go short at the wrong time you will get fucked by this squeeze.

DATA LEDE:

• Australia Balance of Trade comes stronger than expected, at 6.5B vs 5.4B expected. More exports than imports. Strong AUD as a result.
• Construction PMIs across eurozone came weak. All quite deep in contraction.
• UK construction PMI on other hand came positive, in expansion.
• Eurozone Retail sales:
• YOY came 0% vs forecast of a jump 0.2%
• MOM came -0.5% vs -0.3% expected
• SO EUROZONE RETAIL SALES WERE BASICALLY WEAKER THAN EXPECTED.
• More likely to see rate cuts.
• ECB meeting later - expected cut but see what Lagarde says.

MARKETS:

• SPX and NAsdaq closed at record highs yesterday after squeeze. Squeezed to 5355, Nasdaq squeezed above 19k.
• SPX Today, in premarket has been flat around these levels of 5360.
• Nasdsaq: maintaining the 19k level. 19k now to act as support.
• DJI - trading at 38.8k, flat. Continues to lag other indices due to lower tech exposure.
• GER40: Moving higher in prmakret today ahead of ECB meeting. Expectation of dovish ECB is fuelling risk on sentiment. Wall is 18,800.
• HKG50: Flat today at 18500 - similar to previous days’ action, moved slightly higher earlier in the session before selling off again back to where it started really.
• GOLD: pushed higher yesterday after testing close to the 2300 level. Now trading at 2360. Recovery, but with low volumes.
• SIlver: After 4% sell off on Tuesday, has now recovered around 2.5% of that. Again, recovery but with low volumes.
• OIL: Similar story to gold, slow recovery with low volumes. Trying to find a bottom.
• VIX: This is key, Vix wall at 13 got taken out yesterday. Today is trading at 12.75, so remains suppressed.

FX:

• DXY was lower, earlier in the session, dropping back tot he 104 range, before moving slightly higher to 104.33.
• CHFUSD squeezing higher, now at 1.12. Was a shit ton of shorts here so they are getting squeezed higher.
• EURUSD was higher before paring gains ahead of ECB. 1.08-1.09 range
• GBPUSD similar story, bounced off 1.28
• USDJPy was lower earlier in the session, now higher to 156.2.

EARNINGS:

• SMAR - strong quarter, strong guidance, and buyback
• EPS of 0.32 beat estimates by 19%
• Revenue of 263M beat by 2%
• Other key metrics for this quarter:
• ARR was up 19% YOY
• Operating cash flow was up 47% YOY
• Free cash flow was up 47% YOY
• Subscription revenue was up 21% YOY
• Dollar based retention rate was 114%
• STRONG CURRENT QUARTER.
• They authorised a new 150M share repurchase which is bullish.
• GUIDANCE:
• Q2 guidance:
• EPS of 28.5 cents beat estimates by 14%
• Revenue of 274M was in line with estimates.
• SO STRONG EPS GUIDANCE
• FULL YEAR:
• EPS of 1.22-1.29 beat estimates by 12%
• Revenue of 1.12 was in line

LULU

• EPS of 2.54 beat estimates by 5.8%
• Revenue of 2.21B beat estimates by 0.5% So more or less in line
• Gross margin was 57.7%, beat by 20BPS
• Increased their stock buyback program by1B.
• Overall, strong results this quarter, with the added sweetener of the buyback.
• Digging more:
• Comp sales were a bit short, coming in at 7% vs 7.8% expected
• Gross margins, as mentioned, beat by 20bps
• Operating margin came in at 19.6% vs 18.9% expected. Beat by 70bps
• Inventory came down which is good, at 1.35B vs 1.5B expected.
• Geographically, America was up 3% YOY in sales
• International sales wer Cup 35% YOY
• Growing at 50% plus in China.
• All in all, good results. Said they aw strong momentum in international markets and positive response to their product innovations. Said they continue to focus on power of 3 to double business from 2021 revenue by 2026.
• Look at guidance:
• Next quarter;
• EPS of 2.92-2.97 vs 3.01 expected (miss by 2%)
• Revenue of 2.4-2.42B (miss by 1.5%)
• So slight miss on next quarter. They are still expecting to iron out thier problems. But full year guidance is better:
• FY 2025 guidance:
• EPS of 14.27-14.47 (raised by 2%, and ahead of expectations)
• Revenue of 10.7-10.8B, in line with expectations.
• Overall, good results.

FIVE - V Weak earnings

• EPS of 0.60 missed the mark by 4.8%
• Revenue of 812M missed by 3%
• Comparable sales was down 2.3%
• MISS ON BOTH TOP AND BOTTOM LINE.
• But guidance is where it really got scratchy
• Next quarter guidance:
• EPS expected to be 57-69, massive miss by 40% vs estimates
• Revenue of 840M, big miss by 5% vs estimates
• Expected for comp sales to DECREASE by mid single digits. UH OH
• Full year guidance:
• Cut for both EPS and Revenue
• Cut EPS guidance by 10%, missed by 20% vs expectations.
• Expects comparable sales of -4%
• Commentary:
• Results were disappointing
• Needs based items are doing okay, macro environment is killing their core lower income customers basically.

NIO:

• Q1 revenue came in at 9.91B vs estimates of 10.75 (miss by 8%)
• Q1 adjusted loss per share of 33 cents (which was below estimates)
• Q1 gross margin was 4.9% vs estimate of 4.75% (beat expectations)
• Said they expect Q2 deliveries to be 54-56k vs estimates of 41.3k.
• SO they are expecting FAR more deliveries next quarter than expected, more than 25% more.
• So strong delivery guidance, Revenue for last quarter was a bit weak, as was their operating loss.

MAG 7:

• NVDA - hit 3T market cap yesterday, overtook Apple as 2nd most valuable company.
• NVDA pumps again in premarket in squeeze action ahead of Stock split.
• NVDA - HPE CEO says Nvda is changing the world.
• TSLA. Canaccord Genuity raises price target to 267 from 222 and maintains buy rating. Said this upgrade is based on data they have uncovered from April and May for Deliveries across 40 countries. Said delivery estimates are strong.
• TSLA - Musk said FSD 12.4.1 will be rolled out to employees today, if goes well, external customers will get access this weekend.
• TSLA - their supplier, Panasonic energy said it may be a little hard to meet the goal of boosting EV battery capacity to 200 gigawatt hours per year by 2030.
• AAPL - now 3rd most valuable company, behind NVDA
• AMZN - has agreed to acquire some assets of Indian video streaming service, MX player from Times Internet. Values MX player at under 100M, much lower than its last valuation of 500M.

OTHER COMPANIES:

• BTC flat at 71k. Miners slightly lower.
• PLTR on watch today as they are holding AIPCon event today. Will be unveiling new customers and products.
• SOLAR companies: Senator Sherrod Brown and other congressional democrats are calling on the president to investigate Chiense solar companies for allegedly evading US tariffs.
• MSGS - NBA nearing deals with ESPN, NBC and Amazon worth about $76B over 11 years. ESPN will continue airing NBA finals, Amazon will include regular season and playoff games, and some conference finals. NBC will air around 100 games a year, some with peacock
• PYPL - BoA investor conference and Paypal CEO discussing some new first look products, whose numbers are not included in forecasts.
• CEO says their outlook was for low double digit EPS growth.s aid they are TRENDING AHEAD right now, and expect H1 of year to be strong.
• Growth will be non linear as we look to rest of year.
• COST - May sales were up 8% YOY. 39 week sales were up 7% YOY. Comp sales were up 6% YOY. Ecommerce sales were up 15% YOY. Strong sales numbers across all geographies, US, International all included.
• PDD - US customs is cracking down on duty free imports, delaying shipments for Shein and Temu. Has suspended multiple customs brokers from expedited clearance program. Likely to cause delays
• HOOD - passes 20B in overnight trading volumes since launching, over the past year.
• HOOD - acquire Bitstamp for 200M in cash - showing confidence in their Crypto business.
• These are good catalysts indeed for Hood.
• Covid vaccine stocks were higher yesterday as result of FDA recommending covid vaccines for 2024 for new strain.
• NVAX pumping extra in premarket as it announced it anticiaptes delivering vaccine by September, following FDA recommendation. With short ratio of 34%, that can be a potential squeeze again, but was up 18% yesterday and up 13% in premarket already so have to be cautious of sign of exhaustion.
• ZIM - downgraded by Citi to sell.
• UAL - Redburn Atlantic upgrades UAL to buy from neutral with PT of 70. Said there’s growing divergence in performance of US carriers, and said customers will continue to favour certain players. UAL’s got more exposure to resilient demand areas, they said.
• WMT - Oppenheimer raises Walmart Price target to 75 from 69. Said they expect a multi year profit boom to continue, driven by storng management execution and momentum in WMT’s core geographies.
• RIOT - increasers stake in BITF to 12%
• SMTC up on earnings, price target raised to 50 from 38 by Goldman.
• TTC up on earnings
• MARA - posts a more than 50% decrease in may bitcoin production after April halving. Not good. Got price target yesterday of 14 from JPM.
• ABM up on earnings. Need to read full report
• CVNA - Evercore ISI adds caravan to its positive tactical trading list, citing several factors that could drive the stock price higher.
• ONON up in sentiment with LULU
• Chinese EV down on Nio results.

OTHER news:

• Goldman Sachs says that the lwoer income consumer is likely under more pressure than we originally though.
• Goldman also aid that they expect a flood fo cash from passive equity allocations to pour into the market in early July, setting up a continued rally throughout the summer.
• Said share prices should benefit from strong seasonal trends and rising engagement from retail investors.
• Bank of America says that AI software market will grow to 944B by 2027, an increase of 154% vs 2022.
• CIti say that OPEC+ are likely to end up holding full production costs right rhgouh to H1 2025, despite their comments on the weekend, as they will be forced to react to a weak market.
• Saudi energy minister said a similar thing, that they have the option to pause or reverse the output increase.
• Meanwhile, Nigeria says they are targeting Oil production of around 2 million barrels per day by December, vs 1.4m now.
• FDA advisers unanimously recommend Covid19 vaccines for 2024-2025 to target the jn1 variant. Pfizer and biotech looking to supply updated vaccines immediately, Moderna and Novovax after August.
• UK businesses see CPI at 2.9% next may, same as their previous year ahed forecast. They see wage growth lower than previous forecasts, as labour market weakens.
• Bird flu death in Mexico - linked to strain not seen in humans before.
• Modi says that India is looking for stronger ties with Taiwan.
• SOLAR companies: Senator Sherrod Brown and other congressional democrats are calling on the president to investigate Chiense solar companies for allegedly evading US tariffs.
• Italy statistics bureau raises their 2024 GDP estimate to 1% from 0.7%
• BOJ’s Nakamura says that raising interest rates now would be premature, and that they should move to monetary policy to address yen falls as the Japanese economy isn’t yet strong enough for that.
• Ueda says he’s proceeding cautiously on interest rates
• Quite dovish comments basically

ANALYSIS:

• More intraday analysis will be posted in the sub today for what to expect for the market today. I will also post intraday levels. For now I leave you with the post I made yesterday, which some may have seen, regarding the action we saw yesterday, and what caused it.
• Market pushed notably higher today as a result of a squeeze. There had been bearish flow building this week as traders call a pullback. But today vix wall expired and nvda push + good data led to a move higher above 5300. This caused bears to close their positions, fuelling more squeeze higher.
• With squeezes, the gamma wall levels given in the premarket posts can break, because the volume is ridiculous. Thats what happened today. As the max level breaks, Market makers hedge by going long, which causes more squeeze higher.
• This kind of occurrence has been happening a lot since November. As traders call a pullback or try to call a top, they buy puts or go short. Then when the data comes good or one or the big mag 7 stocks (often nvda) runs higher, the market breaks key resistances ans the bears are forced to cover their shorts, which leads to more squeeze.
• That's why when I was giving commentary earlier this week, I said caution is required, but still long. I didnt say go short. I'm telling you now as a fact, going short is extremely dangerous in an environment where traders are short vol which is suppressing it like crazy, and causing the market dips to be quickly bought.
• Best not to try to pre empt tops but to go with the gamma levels, and the data
• Many funds will be getting fucked in this kind of market squeeze. Many retail traders too, which has actually been the case a lot since November. Thats because I saw retail flows have been short since November even as market pumped higher. Why? Because they tried to call a top. "Market can't go higher, surely". In a squeeze, there's no limit. Resistances can break. Yes market will mean revert at some point but there's no reason that will be now when the squeeze happens lile this. If you go short at the wrong time you will get fucked by this squeeze.

DATA LEDE:

• Australia Balance of Trade comes stronger than expected, at 6.5B vs 5.4B expected. More exports than imports. Strong AUD as a result.
• Construction PMIs across eurozone came weak. All quite deep in contraction.
• UK construction PMI on other hand came positive, in expansion.
• Eurozone Retail sales:
• YOY came 0% vs forecast of a jump 0.2%
• MOM came -0.5% vs -0.3% expected
• SO EUROZONE RETAIL SALES WERE BASICALLY WEAKER THAN EXPECTED.
• More likely to see rate cuts.
• ECB meeting later - expected cut but see what Lagarde says.

MARKETS:

• SPX and NAsdaq closed at record highs yesterday after squeeze. Squeezed to 5355, Nasdaq squeezed above 19k.
• SPX Today, in premarket has been flat around these levels of 5360.
• Nasdsaq: maintaining the 19k level. 19k now to act as support.
• DJI - trading at 38.8k, flat. Continues to lag other indices due to lower tech exposure.
• GER40: Moving higher in prmakret today ahead of ECB meeting. Expectation of dovish ECB is fuelling risk on sentiment. Wall is 18,800.
• HKG50: Flat today at 18500 - similar to previous days’ action, moved slightly higher earlier in the session before selling off again back to where it started really.
• GOLD: pushed higher yesterday after testing close to the 2300 level. Now trading at 2360. Recovery, but with low volumes.
• SIlver: After 4% sell off on Tuesday, has now recovered around 2.5% of that. Again, recovery but with low volumes.
• OIL: Similar story to gold, slow recovery with low volumes. Trying to find a bottom.
• VIX: This is key, Vix wall at 13 got taken out yesterday. Today is trading at 12.75, so remains suppressed.

FX:

• DXY was lower, earlier in the session, dropping back tot he 104 range, before moving slightly higher to 104.33.
• CHFUSD squeezing higher, now at 1.12. Was a shit ton of shorts here so they are getting squeezed higher.
• EURUSD was higher before paring gains ahead of ECB. 1.08-1.09 range
• GBPUSD similar story, bounced off 1.28
• USDJPy was lower earlier in the session, now higher to 156.2.

EARNINGS:

• SMAR - strong quarter, strong guidance, and buyback
• EPS of 0.32 beat estimates by 19%
• Revenue of 263M beat by 2%
• Other key metrics for this quarter:
• ARR was up 19% YOY
• Operating cash flow was up 47% YOY
• Free cash flow was up 47% YOY
• Subscription revenue was up 21% YOY
• Dollar based retention rate was 114%
• STRONG CURRENT QUARTER.
• They authorised a new 150M share repurchase which is bullish.
• GUIDANCE:
• Q2 guidance:
• EPS of 28.5 cents beat estimates by 14%
• Revenue of 274M was in line with estimates.
• SO STRONG EPS GUIDANCE
• FULL YEAR:
• EPS of 1.22-1.29 beat estimates by 12%
• Revenue of 1.12 was in line

LULU

• EPS of 2.54 beat estimates by 5.8%
• Revenue of 2.21B beat estimates by 0.5% So more or less in line
• Gross margin was 57.7%, beat by 20BPS
• Increased their stock buyback program by1B.
• Overall, strong results this quarter, with the added sweetener of the buyback.
• Digging more:
• Comp sales were a bit short, coming in at 7% vs 7.8% expected
• Gross margins, as mentioned, beat by 20bps
• Operating margin came in at 19.6% vs 18.9% expected. Beat by 70bps
• Inventory came down which is good, at 1.35B vs 1.5B expected.
• Geographically, America was up 3% YOY in sales
• International sales wer Cup 35% YOY
• Growing at 50% plus in China.
• All in all, good results. Said they aw strong momentum in international markets and positive response to their product innovations. Said they continue to focus on power of 3 to double business from 2021 revenue by 2026.
• Look at guidance:
• Next quarter;
• EPS of 2.92-2.97 vs 3.01 expected (miss by 2%)
• Revenue of 2.4-2.42B (miss by 1.5%)
• So slight miss on next quarter. They are still expecting to iron out thier problems. But full year guidance is better:
• FY 2025 guidance:
• EPS of 14.27-14.47 (raised by 2%, and ahead of expectations)
• Revenue of 10.7-10.8B, in line with expectations.
• Overall, good results.

FIVE - V Weak earnings

• EPS of 0.60 missed the mark by 4.8%
• Revenue of 812M missed by 3%
• Comparable sales was down 2.3%
• MISS ON BOTH TOP AND BOTTOM LINE.
• But guidance is where it really got scratchy
• Next quarter guidance:
• EPS expected to be 57-69, massive miss by 40% vs estimates
• Revenue of 840M, big miss by 5% vs estimates
• Expected for comp sales to DECREASE by mid single digits. UH OH
• Full year guidance:
• Cut for both EPS and Revenue
• Cut EPS guidance by 10%, missed by 20% vs expectations.
• Expects comparable sales of -4%
• Commentary:
• Results were disappointing
• Needs based items are doing okay, macro environment is killing their core lower income customers basically.

NIO:

• Q1 revenue came in at 9.91B vs estimates of 10.75 (miss by 8%)
• Q1 adjusted loss per share of 33 cents (which was below estimates)
• Q1 gross margin was 4.9% vs estimate of 4.75% (beat expectations)
• Said they expect Q2 deliveries to be 54-56k vs estimates of 41.3k.
• SO they are expecting FAR more deliveries next quarter than expected, more than 25% more.
• So strong delivery guidance, Revenue for last quarter was a bit weak, as was their operating loss.

MAG 7:

• NVDA - hit 3T market cap yesterday, overtook Apple as 2nd most valuable company.
• NVDA pumps again in premarket in squeeze action ahead of Stock split.
• NVDA - HPE CEO says Nvda is changing the world.
• TSLA. Canaccord Genuity raises price target to 267 from 222 and maintains buy rating. Said this upgrade is based on data they have uncovered from April and May for Deliveries across 40 countries. Said delivery estimates are strong.
• TSLA - Musk said FSD 12.4.1 will be rolled out to employees today, if goes well, external customers will get access this weekend.
• TSLA - their supplier, Panasonic energy said it may be a little hard to meet the goal of boosting EV battery capacity to 200 gigawatt hours per year by 2030.
• AAPL - now 3rd most valuable company, behind NVDA
• AMZN - has agreed to acquire some assets of Indian video streaming service, MX player from Times Internet. Values MX player at under 100M, much lower than its last valuation of 500M.

OTHER COMPANIES:

• BTC flat at 71k. Miners slightly lower.
• PLTR on watch today as they are holding AIPCon event today. Will be unveiling new customers and products.
• SOLAR companies: Senator Sherrod Brown and other congressional democrats are calling on the president to investigate Chiense solar companies for allegedly evading US tariffs.
• MSGS - NBA nearing deals with ESPN, NBC and Amazon worth about $76B over 11 years. ESPN will continue airing NBA finals, Amazon will include regular season and playoff games, and some conference finals. NBC will air around 100 games a year, some with peacock
• PYPL - BoA investor conference and Paypal CEO discussing some new first look products, whose numbers are not included in forecasts.
• CEO says their outlook was for low double digit EPS growth.s aid they are TRENDING AHEAD right now, and expect H1 of year to be strong.
• Growth will be non linear as we look to rest of year.
• COST - May sales were up 8% YOY. 39 week sales were up 7% YOY. Comp sales were up 6% YOY. Ecommerce sales were up 15% YOY. Strong sales numbers across all geographies, US, International all included.
• PDD - US customs is cracking down on duty free imports, delaying shipments for Shein and Temu. Has suspended multiple customs brokers from expedited clearance program. Likely to cause delays
• HOOD - passes 20B in overnight trading volumes since launching, over the past year.
• HOOD - acquire Bitstamp for 200M in cash - showing confidence in their Crypto business.
• These are good catalysts indeed for Hood.
• Covid vaccine stocks were higher yesterday as result of FDA recommending covid vaccines for 2024 for new strain.
• NVAX pumping extra in premarket as it announced it anticiaptes delivering vaccine by September, following FDA recommendation. With short ratio of 34%, that can be a potential squeeze again, but was up 18% yesterday and up 13% in premarket already so have to be cautious of sign of exhaustion.
• ZIM - downgraded by Citi to sell.
• UAL - Redburn Atlantic upgrades UAL to buy from neutral with PT of 70. Said there’s growing divergence in performance of US carriers, and said customers will continue to favour certain players. UAL’s got more exposure to resilient demand areas, they said.
• WMT - Oppenheimer raises Walmart Price target to 75 from 69. Said they expect a multi year profit boom to continue, driven by storng management execution and momentum in WMT’s core geographies.
• RIOT - increasers stake in BITF to 12%
• SMTC up on earnings, price target raised to 50 from 38 by Goldman.
• TTC up on earnings
• MARA - posts a more than 50% decrease in may bitcoin production after April halving. Not good. Got price target yesterday of 14 from JPM.
• ABM up on earnings. Need to read full report
• CVNA - Evercore ISI adds caravan to its positive tactical trading list, citing several factors that could drive the stock price higher.
• ONON up in sentiment with LULU
• Chinese EV down on Nio results.

OTHER news:

• Goldman Sachs says that the lwoer income consumer is likely under more pressure than we originally though.
• Goldman also aid that they expect a flood fo cash from passive equity allocations to pour into the market in early July, setting up a continued rally throughout the summer.
• Said share prices should benefit from strong seasonal trends and rising engagement from retail investors.
• Bank of America says that AI software market will grow to 944B by 2027, an increase of 154% vs 2022.
• CIti say that OPEC+ are likely to end up holding full production costs right rhgouh to H1 2025, despite their comments on the weekend, as they will be forced to react to a weak market.
• Saudi energy minister said a similar thing, that they have the option to pause or reverse the output increase.
• Meanwhile, Nigeria says they are targeting Oil production of around 2 million barrels per day by December, vs 1.4m now.
• FDA advisers unanimously recommend Covid19 vaccines for 2024-2025 to target the jn1 variant. Pfizer and biotech looking to supply updated vaccines immediately, Moderna and Novovax after August.
• UK businesses see CPI at 2.9% next may, same as their previous year ahed forecast. They see wage growth lower than previous forecasts, as labour market weakens.
• Bird flu death in Mexico - linked to strain not seen in humans before.
• Modi says that India is looking for stronger ties with Taiwan.
• SOLAR companies: Senator Sherrod Brown and other congressional democrats are calling on the president to investigate Chiense solar companies for allegedly evading US tariffs.
• Italy statistics bureau raises their 2024 GDP estimate to 1% from 0.7%
• BOJ’s Nakamura says that raising interest rates now would be premature, and that they should move to monetary policy to address yen falls as the Japanese economy isn’t yet strong enough for that.
• Ueda says he’s proceeding cautiously on interest rates
• Quite dovish comments basically

In today's society, where space is often limited, homeowners are continuously looking for ways to improve their living spaces. This is particularly true in kitchens and bathrooms, where every square foot matters. dual-purpose sinks are an excellent option that blends functionality and design, providing numerous benefits for modern houses.

What are Dual-Purpose Sinks ?

Dual-purpose sinks, as the name suggests, are sinks that serve two distinct functions. They typically combine a traditional sink basin with an additional feature, such as :

• Integrated cutting boards : These provide a convenient workspace for food preparation, eliminating the need for a separate cutting board and reducing clutter
• Built-in colanders : These allow you to easily strain pasta, vegetables, and other foods directly in the sink, saving time and effort.
• Dishwashing stations : Some models incorporate a built-in drying rack or draining board, streamlining the dishwashing process.
• Pot fillers : These provide a dedicated faucet for filling pots directly on the stovetop, avoiding the need to carry heavy pots to the sink.
• Bar sinks : These compact sinks are perfect for entertaining, offering a dedicated space for preparing drinks or washing glasses.

Benefits of Dual-Purpose Sinks

Dual-purpose sinks offer numerous benefits for homeowners, including :

• Increased functionality : They provide additional features that enhance your kitchen or bathroom's usability.
• Space saving : By combining multiple functions into one unit, they free up valuable counter space.
• Improved efficiency : They streamline workflows and make tasks like food preparation and dishwashing easier and faster.
• Enhanced aesthetics : Many dual-purpose sinks are designed with style in mind, adding a touch of elegance to your home.

Choosing the Right Dual-Purpose Sink

When selecting a dual-purpose sink, consider the following factors :

• Your needs : Identify the additional functionality you require, such as a cutting board, colander, or pot filler.
• Available space : Choose a sink that fits comfortably in your kitchen or bathroom layout.
• Material : Popular options include stainless steel, granite, and porcelain, each with its own advantages and disadvantages.
• Style : Select a sink that complements your overall kitchen or bathroom design.
• Budget : Dual-purpose sinks can range in price depending on the features, material, and brand.

Conclusion

Dual-purpose sinks are a smart and stylish way to maximize functionality and efficiency in your home. With their space-saving design and convenient features, they are a perfect fit for modern living. So, if you're looking to upgrade your kitchen sink or bathroom, consider investing in a dual-purpose sink and experience the benefits of having both style and functionality at your fingertips.
In today's society, where space is often limited, homeowners are continuously looking for ways to improve their living spaces. This is particularly true in kitchens and bathrooms, where every square foot matters. dual-purpose sinks are an excellent option that blends functionality and design, providing numerous benefits for modern houses.

What are Dual-Purpose Sinks ?

Dual-purpose sinks, as the name suggests, are sinks that serve two distinct functions. They typically combine a traditional sink basin with an additional feature, such as :

• Integrated cutting boards : These provide a convenient workspace for food preparation, eliminating the need for a separate cutting board and reducing clutter
• Built-in colanders : These allow you to easily strain pasta, vegetables, and other foods directly in the sink, saving time and effort.
• Dishwashing stations : Some models incorporate a built-in drying rack or draining board, streamlining the dishwashing process.
• Pot fillers : These provide a dedicated faucet for filling pots directly on the stovetop, avoiding the need to carry heavy pots to the sink.
• Bar sinks : These compact sinks are perfect for entertaining, offering a dedicated space for preparing drinks or washing glasses.

Benefits of Dual-Purpose Sinks

Dual-purpose sinks offer numerous benefits for homeowners, including :

• Increased functionality : They provide additional features that enhance your kitchen or bathroom's usability.
• Space saving : By combining multiple functions into one unit, they free up valuable counter space.
• Improved efficiency : They streamline workflows and make tasks like food preparation and dishwashing easier and faster.
• Enhanced aesthetics : Many dual-purpose sinks are designed with style in mind, adding a touch of elegance to your home.

Choosing the Right Dual-Purpose Sink

When selecting a dual-purpose sink, consider the following factors :

• Your needs : Identify the additional functionality you require, such as a cutting board, colander, or pot filler.
• Available space : Choose a sink that fits comfortably in your kitchen or bathroom layout.
• Material : Popular options include stainless steel, granite, and porcelain, each with its own advantages and disadvantages.
• Style : Select a sink that complements your overall kitchen or bathroom design.
• Budget : Dual-purpose sinks can range in price depending on the features, material, and brand.

Conclusion

Dual-purpose sinks are a smart and stylish way to maximize functionality and efficiency in your home. With their space-saving design and convenient features, they are a perfect fit for modern living. So, if you're looking to upgrade your kitchen sink or bathroom, consider investing in a dual-purpose sink and experience the benefits of having both style and functionality at your fingertips.

My external faucet developed a leak over the winter. I need a good plumber. The one I used in that past(during Covid) charged an insane amount. Just want to try someone new to get an idea of the price range. 2k to fix a leak without even patching the wall back to it's original state.

Have anyone using under sink water filters?
I don’t want the ones that can be attached to the faucet! It was bad for us!
If you have one, do you recommend? Can you share details about (price, installation, Links…)
Thanks

After getting taken out on GME covered calls, I'm back on the CSP side and working on being more responsible on my method. The goal here is to minimize the agony when there are huge price moves (looking at you gme), use theta to my advantage and generate income. My account has 90k on ibkr
1) diversify on different company, approximately 5% of capital on each.
2) ATM or 1 strike away on reputable beaten down stock. At most 50 days out. Names like Ford, Intel, TMF, Pfizer, PATH.
3) Other criterias would be, thin option spreads and above average volume.
My idea for this method has pros and cons, ATM strikes has better premium for such names, while ATM strike has high chance of being assigned, not all may be subjected to it.
Having 5% capital on different names will better protect my account from huge drawdown even when assigned.
Assigned stocks will write CC strictly at my breakeven price. No matter how low the premium is.
The inconvenience of this method is I have to be constantly scanning companies worth selling CSP because of higher assignment risk. And also higher commission paid.
Theta warriors please roast my method!