To The Moon

$American Express(AXP)$ is scheduled to release its financial results for period ending 30 June 2024 on 19 July before market open. Market is expecting AXP to show a rise in the quarterly revenue, mainly might be due to the reduction in write-off. American Express is expected to report a 10.2% increase in revenue to $16.588 billion from $15.05 billion a year ago. The earnings per share is expected to come in at $3.25. Delinquency Rate Drops As Consumers Slow Credit Spend Rationally According to S&P Global Market Intelligence data, the executives from the six biggest US credit card issuers noted that consumers are starting to spend more rationally. These issuers have recorded the fourth consecutive monthly drop in their group average 30-plus-day

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After the recent gains, on Wednesday (17 July), we saw S&P 500 losing -1.4%, Russell 2000 lost -1.1% and NASDAQ have the greatest loss at -2.8%, these has showed us that some consolidation happen. Influential winners for 2024 till now like mega cap stocks and chipmakers are instead giving significant declines on Wednesday and this has cause some impact on the broader market. Significant Declines From Nvidia, Meta, Apple and Broadcom Semiconductor stocks like Broadcom (AVGO) has the largest decline with -7.9% loss, followed by Nvidia (NVDA) with -6.6%. The next name to suffer is the social media platform, Meta Platforms (META) losing -5.7% and another favourite name Apple (AAPL) lost -2.5%. The Vanguard Mega Cap Growth ETF (MGK) declined 2.8% and the PHLX Semiconductor Index (SOX) slid

Semiconductor stocks like ASML, $NVIDIA Corp(NVDA)$  , $Advanced Micro Devices(AMD)$  , $Taiwan Semiconductor Manufacturing(TSM)$   and $Direxion Daily Semiconductors Bull 3x Shares(SOXL)$  took a heavy beating tonight as they are caught between increasing geopolitical tensions between the U.S. and China. The US is reportedly considering to further tighten the export restrictions of even foreign-made semiconductor chips and their manufacturing tools even with the slightest US conte

$Netflix(NFLX)$ is expected to report their Q2 2024 financial results after the market close on 18 July 2024 (Thursday). Wall Street is expecting Netflix to report revenue of $9.53 billion for expected 16% y-o-y growth and EPS of $4.74 for expected 43% y-o-y growth. Based on how Netflix have been growing their subscriber over the last few quarters, the results have been better than expected, but Netflix management has indicated that they would stopped reporting subscriber and ARPU metrics from 2025 quarter. Investors would be looking beyond the subscriber number and focus on the company efforts to expand its lower-priced plan with advertising and look for updates on new growth drivers. Lowest Subscribers Additions Expected In Second Quarter Follow

The pullback has arrived again, but after Wednesday's shakeout, sentiment turned more optimistic ahead of TSM's earnings on Thursday. $NVIDIA Corp(NVDA)$ There were an abnormally high number of "doomsday" option trades for this Friday's expiration, but that's understandable - positions need to be actively managed or rolled as the landscape shifts daily into expiration.We first saw a large 30k lot buyer in the NVDA 20240719 133 calls on Friday, which was unwound on Tuesday.Then on Tuesday, a massive 120,000 lots contract bearish put spread was initiated:Buy $NVDA 20240719 119.0 PUT$ Sell $NVDA 20240719 115.0 PUT$