To The Moon

Diminishing Interest. A new report from automotive research firm J.D. Power noted fading EV interest from US consumers. The survey of 8,179 consumers was conducted from January to April 2024. The data showed that for the first time since 2021 when J.D. Power began its Electric Vehicle Consideration Study, EV buying sentiment has dropped. (see below) The percentage of people who say they are ”very likely” to buy an EV is down -2% to 24%, compared to 26% last year. Those “overall likely” consumers have decreased by -3% to 58%, from 61% a year ago. Man Culprit. Main reason consumers are less excited about EVs is because there aren't enough charge points. Over half (52%) of people survey, cited this common concern. Topping it off, this “old” concern have risen by +3% from a year ago. Tesla

In this earning season reporting, $Wal-Mart(WMT)$ has beaten its quarterly earnings and revenue estimates. The discounter made significant e-commerce gains, drove profits with newer businesses like advertising and won over more high-income shoppers. Q1 2024 earnings. Below is Walmart’s reported earnings for the tending 30 Apr 2024 versus Wall Street expected, according to a survey of analysts by LSEG: Earnings per share: $0.60 adjusted vs $0.52 expected. Revenue: $161.51 billion vs $159.50 billion expected. Net income: $5.10 billion vs $1.67 billion. that is a +305.39% gain YoY. FY 2024 Forecast. Equally important, Walmart said it now expects to hit the high-end or slightly top its previous full-year guidance. Walmart expects: Net sales growth

* Wall Street retreats on mixed corporate earnings forecasts; Hang Seng cheers on housing policy 🇺🇸 S&P 500: -0.19% 📉 🇺🇸 Nasdaq: -0.25% 📉 🇪🇺 Stoxx 600 Index: -0.09% 📉 🇯🇵 Nikkei 225 Index: 1.39% 📈 🇭🇰 Hang Seng Index: 1.60% 📈 🇨🇳 CSI 300 Index: 0.39% 📈 * U.S. stocks fell, with the S&P 500 and Nasdaq Composite down -0.2% and -0.3%, respectively, as investors adjusted interest rate cut expectations in response to slowing inflation and strong corporate earnings data. * U.S. jobless claims fell by 11,000 to 222,000 in the week ended May 11, beating estimates of 219,000, suggesting the labor market remains quite tight and is finding a delicate balance. * Asia-Pacific stocks rose, with Hong Kong's Hang Seng rising 1.6% to a nine-month high and China's CSI 300 rising 0.4%, driven by supporti

tl;dr: There are signs of long capitulation in GME options this week.News segment first: The Bond King Bill Gross loudly proclaimed that the best trade in GME right now is to short the 400% option implied volatility.According to Bloomberg, Gross's strategy was to sell GME option straddles, simultaneously selling the 40 strike calls and puts. If GME closes between $18-62 on Friday, Gross profits, with max gain of $2,200 if it closes right at $40. The report noted Gross employed a similar straddlesell in AMC, selling the 10 strike straddle.While the news details sound plausible, I couldn't find any direct confirmation from Gross himself on these specific trades. He only mentioned shorting volatility in general, not for any particular underlier. Moreover, my scans showed the largest GME 40 st

$Faraday Future Intelligent Electric Inc.(FFIE)$ Faraday Future Intelligent Electric Inc (FFIE) stock is rising higher on Tue, 14 May 2024 as investors wonder if a massive short squeeze is coming for the electric vehicle (EV) company’s shares. Investors will note that FFIE’s short interest is sitting at 36,342,623 shares. That represents 95.33% of the company’s float. This makes it a prime target for a short squeeze. One reason that could be happening is the recent meme stock rally. Yes, I am referring to $GameStop(GME)$ and $AMC Entertainment(AMC)$ . This has several shares that were shortsqueezed in 2021 taking off re

* Wall Street welcomes signs of cooling of inflation, but remains elevated, Fed remains vigilant 🇺🇸 S&P 500: 1.19% 📈 🇺🇸 Nasdaq: 1.42% 📈 🇪🇺 Stoxx 600: 0.61% 📈 🇯🇵 Nikkei 225 Index: 0.08% 📈 🇭🇰 Hang Seng Index: Market closed 🇨🇳 CSI 300 Index: -0.77% 📉 * U.S. stocks cheered, with the S&P 500 and Nasdaq Composite rising 1.2% and 1.4%, respectively, as inflation data rose less than expected, calming sentiment and boosting hopes of a rate cut from the Federal Reserve. * The U.S. CPI rose less than expected in April, up 0.3% month-on-month and 3.4% year-on-year. The growth rate was lower than expected. This is a positive development for cooling down after three consecutive months of higher-than-expected data. This also fueled market expectations for the Federal Reserve this year. A bet on e

World’s #1 Semiconductor stock. $NVIDIA Corp(NVDA)$ stock investors have a trillion reasons to celebrate. As of Mon, 13 May 2024 US market closing, YTD Nvidia has gained +87.67%. It is only 13% shy of a 100% return on investment, not even 6 months into 2024. Only in the US market. Surprisingly, owners of two S&P 500 utility stocks have done even better in 2024. According to data from S&P Global Market Intelligence and MarketSurge, shares of S&P 500’s two utilities stocks have outperformed or is as-closed as Nvidia’s +88% YTD gain. (see bottom) They are: $Vistra Energy Corp.(VST)$. $Constellation Energy Corp(CEG)$. For those who have been readingmy p

Missed the GME frenzy? No need to panic, there are plenty of stable money-making opportunities this week.Despite being monthly options expiration, the overall tech market is exhibiting the same lackluster choppy action as last week - presenting excellent opportunities to sell puts or covered calls. Why not harvest some premium during these rangebound periods?Of course, some may want to go all-in on meme stocks like GME and AMC. No issues there - at this pivotal juncture, any risk warnings pale in comparison to the potential upside. I'll provide an update on GME and AMC option positioning in the next post.Nvidia (NVDA)Nvidia is likely to remain rangebound between $850-920 this week. Consider selling the $NVDA 20240517 850 PUT$ <

* Wall Street welcomes signs of cooling of inflation, but remains elevated, Fed remains vigilant 🇺🇸 S&P 500: 1.19% 📈 🇺🇸 Nasdaq: 1.42% 📈 🇪🇺 Stoxx 600: 0.61% 📈 🇯🇵 Nikkei 225 Index: 0.08% 📈 🇭🇰 Hang Seng Index: Market closed 🇨🇳 CSI 300 Index: -0.77% 📉 * U.S. stocks cheered, with the S&P 500 and Nasdaq Composite rising 1.2% and 1.4%, respectively, as inflation data rose less than expected, calming sentiment and boosting hopes of a rate cut from the Federal Reserve. * The U.S. CPI rose less than expected in April, up 0.3% month-on-month and 3.4% year-on-year. The growth rate was lower than expected. This is a positive development for cooling down after three consecutive months of higher-than-expected data. This also fueled market expectations for the Federal Reserve this year. A bet on e