To The Moon

The semiconductor industry is facing a significant headwind today, with major players like $STMicroelectronics NV(STM)$ tumbling over 10%. This sharp decline is a direct result of growing geopolitical tensions and the potential for stricter trade rules limiting China's access to advanced chip technology. China is a behemoth in the semiconductor market, accounting for a staggering 49% of $ASML Holding NV(ASML)$'s revenue. ASML, a crucial player in chip manufacturing equipment, is caught in the crossfire of this geopolitical standoff. The potential restrictions on chip exports to China could have far-reaching consequences for the entire semiconductor industry. This news comes at a particularly challenging

On Thursday (25 July), we saw mixed action from the stock market but we can see that there was some positive vibe underneath following a report showing U.S. gross domestic product (GDP) grew at a greater-than-expected annualized rate of 2.8% in the second quarter. Although indications of persistent economic strength temporarily took the spotlight on Thursday, boosting stocks in intraday trading, the concerns about muted tech earnings that sent stocks tumbling in the previous session reemerged in the afternoon. Advancers led decliners by a 2-to-1 margin at the NYSE and by a 3-to-2 margin at the Nasdaq. The S&P 500 slipped 0.5% on Thursday, July 25, as tech stocks faltered for a second straight day even as data showed an uptick in GDP growth. Dow Jones Industrial Average gain +0.2% and R

$Hasbro(HAS)$ has seen an upturn after several quarters of low stock prices, reporting 2024Q2 results on July 25th that beat market expectations and lifted guidance.The company turned around despite a year-over-year decline in revenue, but significantly improved profitability by divesting its entertainment business and reducing the burden of high-cost operations.The highlights on the revenue front are still currently focused on a few key titles such as Baldur's Gate 3 in the digital gaming business, and the company still needs to strengthen its new game capabilities in this segment.Investment highlightsRevenue down but better than expected, with improved performance in the consumer products segmentQ2 total revenue was $995 million, down 17.1% year-

I have some good news and bad news: The bad news is that we're only halfway through this selloff, with another potential 2% downside for the broad market. The good news is that even though we're just halfway, individual stocks have already seen significant pullbacks, leaving ample room for upside following earnings releases and setting expectations that price reactions may not be overly negative. $SPDR S&P 500 ETF Trust(SPY)$ Let's start with the market overview. Wednesday's plunge saw a rare put-buying frenzy. For those who bought puts ahead of the move, the decision was:A) Take profitsB) Roll down to lower strike putsDealers opted for (B), rolling out of higher strikes to position for further downside:Closing Sept 20 526 puts, rolling to Sept

Overnight, the US stock market fell sharply, Magnificent Seven was sold due to poor performance.The $S&P 500(.SPX)$ plunged 2.32%, marking its worst single-day performance since December 2022. For the first time in 356 trading days, it closed with a loss exceeding 2%, breaking the record of 365 consecutive trading days since 2007 without a 2% or more drop. The $NASDAQ(.IXIC)$ also took a hard hit, falling 3.64%, its steepest one-day drop since October 2022, and closing at its lowest point since June 10. The $DJIA(.DJI)$ dipped 1.25%, ending below 40,000 points for the first time in two weeks.Looking at individual stocks, the "Magnificent Seven" has evaporate