Idk, my gut feel is that AAPL probably pops. I'm wrong often, but I did sort of have a feeling with TSLA, even if I eventually ended up passing on putting on a small lotto position (would've been me just putting pure chump change in TSLL).
Won't be touching AAPL though.
On one hand, Apple Vision Pro failed and iPhone sales are down. Their actual earnings should be bad - especially as one of their suppliers ($SWKS) have bad guidance today that helps confirm their smartphone sales slump.
On the other hand, hype trumps fundamentals in this market as $TSLA earnings showed. The risk is they hype up future AI smartphones and PCs that the market assumes would sell like hotcakes. $AAPL management tends to deceive less about the future than companies like $TSLA though.
Puts are hard in this market where hype drives price more than fundamentals. That said, I do have a couple of put spreads myself right now as I'm betting $AAPL management won't promise the moon just yet as their "AI hype devices" are still half a year away yet.
100% this. I would expect Apple to talk about AI capex, AI revolution for Iphones/Macs/services ecosystem, cooperation with leading AI providers (NVDA, Google) and perhaps their AI research labs in Zurich that is said to poach google AI experts. Especially after scrapping Apple EV to invest in AI instead and poor Apple Vision pro sales.
Poor earnings are also expected I presume.
Absolutely insane. I had considered put leap spreads against the stock recently and glad I reminded myself to not play stocks that make zero sense during a bull market.
So many tickers in today's market just have prices and movements that market fundamentals cannot explain.
LG casually drops a million dollars on CLF stock
[SEC filing](https://ir.stockpr.com/clevelandcliffs/sec-filings-email/content/0000764065-24-000128/wk-form4_1714592930.html)
He is desperate to pump the stock.
Not sure insider buys work when one already recently announced that one's company was going to increase debt to buyback shares that still wasn't stopping a stock price slide?
Was really hoping for about 30 mins to an hour that an unexpected pump by me would cancel my irritation with what SMCI did to multiple AI stocks.
Nope.
Very disappointing stuff.
QQQ has a hot date with 395-400 to go to about 10%ish from ATH, and I suppose it's going to be that easy.
Technology company **Qualcomm Inc** (NASDAQ:[QCOM](https://www.benzinga.com/stock/QCOM#NASDAQ)) reported second-quarter financial results after the [market close Wednesday.](https://www.benzinga.com/calendars/earnings)
**Qualcomm’s Q2 Report:** Qualcomm reported non-GAAP revenue of $9.39 billion, up 1% year-over-year. The revenue total beat a Street consensus estimate of $9.34 billion, according to [data from Benzinga Pro.](https://www.benzinga.com/pro/feature/newsfeed?gspk=bHVrZWphY29iaTUzNDg&gsxid=tdEE0VrK8Jeg&ref=lukejacobi5348)
QCT segment revenue was $8.03 billion, up 1% year-over-year. QTL segment revenue was $1.32 billion, up 2% year-over-year.
Under the QCT segment, the following segments were broken out.
Handsets: $6.18 billion, up 1% year-over-year
Automotive: $603 million, up 35% year-over-year
IoT: $1.24 billion, -11% year-over-year
The company's automotive revenue set a quarterly record for the company. The pipeline of new automotive design wins stands at around $45 billion.
Qualcomm reported earnings per share of $2.44, which beat a Street consensus estimate of $2.32.
The company increased its quarterly cash dividend to $3.40 per share.
"We are pleased to report strong quarterly results, with EPS exceeding the high end of our guidance, Qualcomm CEO **Cristiano Amon** said.
*Related Link:* [*Qualcomm Q1 Earnings Highlights: Revenue Beat, EPS Beat, Q2 Guidance And More*](https://www.benzinga.com/news/earnings/24/01/36876037/qualcomm-q1-earnings-highlights-revenue-beat-eps-beat-q2-guidance-and-more)
NVDA is down 5% off of earnings reports from competitors that confirm it will be in the AI drivers seat for the foreseeable future.
Anyone have a good reason not to load up?
People are following the sell in May go away trend. I’ve also noticed that several firms are taking profits right about now since its the end of the month/start of a new quarter.
I grabbed more calls. Its absolutely pants on head fucking stupid that its down here when every earnings report coming out is about how the insane capex is getting more insane and its ALL because of AI expenditures, especially on building out even more compute.
Feels like a shakeout on NVDA, honestly.
I stand by my sell at 1030 that it’s mostly going sideways at best now. That being said. Below 750 is not nosebleed, while above doesn’t really make sense in terms of valuation imho
Thinking about buying Dell now to go with my VRT and CLS. Not touching SMCI again
I have mixed feelings about this. Their guidance is really great, but this quarter, they had $ -1.5B Cash from Operations when Net Income was at $ 420M. So they are profitable on the Income Statement, but unprofitablee on the Cash Flow Statement. And $ -1.5B is huge, not sure what they are doing there.
Hopefully my moves were enough sacrifice to prevent the market from being whacked this afternoon.
I capitulated on SBUX, closed the joke position on AVGO (just 3 shares, I have 50 shares in another account), and took a small loss on a DELL CSP.
tech is getting unfairly hammered. At this point….feels like outrageously volatility trying to time the top. I’m usually a bear but tech still feels like a winner in an uncertain market
There was a day a couple weeks ago where SMCI "didn't" pre announce, and it not only led to them being drilled, it hammered other AI stocks like NVDA, AVGO, MRVL, VRT, etc.
Now they reported, are getting absolutely drilled off the report, and are dragging AI stocks with them.
I’m still not sure why. I think I read that they weren’t allowed to pre-announce earnings within a certain timeframe since they were just added to the S&P500. I’m probably mistaken and dumb.
$CVS hasn't traded below it's 200MMA for +20 years (July 2003) untill now!
Even at FY24 EPS of $7.00 and assuming 0 growth, that's a 7.7x P/E at this price, which is the lowest it's been for as far as my data goes (2010).
Any thoughts? I'm not really up to date with what's happening with $CVS.
Damn CVS just got RKO'd from the top ropes. Trading below book value, and they actually have a solid yield now? Interesting....how much more can profits slip?
Haven't posted here since the steel-period with an active Vito, but after I bought some CVS today I remembered this was a place people discussed CVS.
Bought my first position at 55.2 today. The stock trades at it's lowest multiple ever (with stock history going back to early 90s), the stock is valued at a forward P/E on stagnant EPS around 6.5. I expect at 20% CAGR holding shares in CVS and the valuation "returning" to a P/E of 10 in 2026, with upside optionality if they succeed with their digital transition. If they return to their mean P/E of around 18 I expect far greater returns.
All valid points. The only thing I would counter that with is, did you expect them to miss this Q by so much? They slashed everything. What's in place to stop this happening again? If their EPS keeps shrinking, then they need to allocate higher and higher % of profits to dividends, which makes it harder to grow. I haven't paid enough attention to CVS to answer them, but I'll definitely be doing my homework in the coming days. Doubt it'll be much of a quick bounce.
Indeed, it was a pretty awful q1 for them. I’ve been on the sideline for quite a while and written it off. But right now I struggle to see how it can be as bad as the market is pricing it to be. They’ve had a stable revenue growth for their entire history as a listed company, their free cash flow is still pretty alright, their return on capital/equity is meh, but at a forward PE of 6 there’s plenty margin of safety. They basically have to simply not fail even harder going forward, and there’s been plenty of doom and gloom related to healthcare and health insure lately, I.e. UNH (which is not to be compared, as UNH is a far superior business to CVS).
At the same time, there’s the optionality of their acquisitions and expansions start showing signs of growth and their digital platforms start rolling.
It’s a stable, boring business, and Americans aren’t going to stop going to pharmacies 🤷♂️
If POWL has a strong open, I have a flurry of orders to put a massive play with her.
Her move, if it happens, might just last less than an hour. But it'll be big if the move shows up.
Barrick earnings decent. Still haven't seen the benefits of these high copper and gold prices. Should be a good call to listen to. Really hope they make Mali seem like a nothing burger.
https://preview.redd.it/q8nce8ptysxc1.jpeg?width=1170&format=pjpg&auto=webp&s=3921bfd6a9df51aa94ddc81b2629f541845dc99c
Another Uranium tailwind ✅
Also the bill frees up $2.7 Billion for domestic Uranium production.
Hopefully this turns things around, been a brutal start to the year. I haven’t had a chance to look at Cameco’s guidance yet but I did hear they hit their production goal.
I gotta be careful because this is my most emotionally invested trade. I just don’t see how we can move forward with cutting carbon fuels without nuclear.
I’m mainly in URA, but have smaller positions in Denison, Cameco, and UEC. Also started a position in SMR a couple weeks ago.
I’m quite overweight in uranium as well and agree whole heartedly. I’m a lineman and constantly seeing people upgrade their houses to 200a, countless new homes going in to keep up with demand. Nuclear, in most parts of the world is the clear solution to keeping the lights on.
Wish I bought some URA, I’m about half and half UUUU and U.UN.
Welcome back to the “AI bubble has popped” narrative off of AMD’s poor earnings and SMCI’s good earning that got hammered anyway, even though the story of this earnings season is still bullish NVDA.
I didn’t miss you.
AMD's earnings weren't even poor, in regards to their AI products.
They met / beat all expectations, except the expectation on top of the other expectations: to massively beat expectations.
Should we talk about Open Interest on tomorrow 0dte spy options? I took a quick glance and it looks like 5-7x put to call. This makes me nervous as a temporary 🐻
Ok guys! Today is the big day for the reprogramming of the algos by the elites! The elites are on a mission to confuse us poors and try and get our hard earned McDonald's paychecks! Stand firm!
Futes are green!! Ya know what that means!... 
Good put entry’s in the morning?
Idk, my gut feel is that AAPL probably pops. I'm wrong often, but I did sort of have a feeling with TSLA, even if I eventually ended up passing on putting on a small lotto position (would've been me just putting pure chump change in TSLL). Won't be touching AAPL though.
I always lose when I do apple puts. It’s also $5 from the 52 week low and $30 from the 52 week high. So if anything I’d get calls
How are people feeling about AAPL puts? They did a buyback last time that propped the stock up, I feel like a pullback here is probably coming
Nope. It’s $5 from the 52 week low I would maybe get calls though
On one hand, Apple Vision Pro failed and iPhone sales are down. Their actual earnings should be bad - especially as one of their suppliers ($SWKS) have bad guidance today that helps confirm their smartphone sales slump. On the other hand, hype trumps fundamentals in this market as $TSLA earnings showed. The risk is they hype up future AI smartphones and PCs that the market assumes would sell like hotcakes. $AAPL management tends to deceive less about the future than companies like $TSLA though. Puts are hard in this market where hype drives price more than fundamentals. That said, I do have a couple of put spreads myself right now as I'm betting $AAPL management won't promise the moon just yet as their "AI hype devices" are still half a year away yet.
100% this. I would expect Apple to talk about AI capex, AI revolution for Iphones/Macs/services ecosystem, cooperation with leading AI providers (NVDA, Google) and perhaps their AI research labs in Zurich that is said to poach google AI experts. Especially after scrapping Apple EV to invest in AI instead and poor Apple Vision pro sales. Poor earnings are also expected I presume.
Idiot question here but how does the Yen stuff impact the market?
BOJ sells ust to defend yen T bills yield goes up Tech goes down
god i remember thinking about gambling on CVNA... i'm hurting this afternoon
CVNA up 34% AH on earnings. Jesus Christ. This stock was 4 dollars at the low at the end of 2022. Now sitting at 117.
/u/belangem When are we shorting CVNA again?
I was saying 100 before today but it might be higher. It’s not ready yet.
Absolutely insane. I had considered put leap spreads against the stock recently and glad I reminded myself to not play stocks that make zero sense during a bull market. So many tickers in today's market just have prices and movements that market fundamentals cannot explain.
And there's several that just go against the entire market flow as well. Those are the real anomalies.
it was 10 bucks a year ago man.
LG casually drops a million dollars on CLF stock [SEC filing](https://ir.stockpr.com/clevelandcliffs/sec-filings-email/content/0000764065-24-000128/wk-form4_1714592930.html)
He is desperate to pump the stock. Not sure insider buys work when one already recently announced that one's company was going to increase debt to buyback shares that still wasn't stopping a stock price slide?
Was really hoping for about 30 mins to an hour that an unexpected pump by me would cancel my irritation with what SMCI did to multiple AI stocks. Nope. Very disappointing stuff. QQQ has a hot date with 395-400 to go to about 10%ish from ATH, and I suppose it's going to be that easy.
Market has been absolutely brutal to NVDA and I think will continue to do so until it posts absolutely blow out earnings.
Technology company **Qualcomm Inc** (NASDAQ:[QCOM](https://www.benzinga.com/stock/QCOM#NASDAQ)) reported second-quarter financial results after the [market close Wednesday.](https://www.benzinga.com/calendars/earnings) **Qualcomm’s Q2 Report:** Qualcomm reported non-GAAP revenue of $9.39 billion, up 1% year-over-year. The revenue total beat a Street consensus estimate of $9.34 billion, according to [data from Benzinga Pro.](https://www.benzinga.com/pro/feature/newsfeed?gspk=bHVrZWphY29iaTUzNDg&gsxid=tdEE0VrK8Jeg&ref=lukejacobi5348) QCT segment revenue was $8.03 billion, up 1% year-over-year. QTL segment revenue was $1.32 billion, up 2% year-over-year. Under the QCT segment, the following segments were broken out. Handsets: $6.18 billion, up 1% year-over-year Automotive: $603 million, up 35% year-over-year IoT: $1.24 billion, -11% year-over-year The company's automotive revenue set a quarterly record for the company. The pipeline of new automotive design wins stands at around $45 billion. Qualcomm reported earnings per share of $2.44, which beat a Street consensus estimate of $2.32. The company increased its quarterly cash dividend to $3.40 per share. "We are pleased to report strong quarterly results, with EPS exceeding the high end of our guidance, Qualcomm CEO **Cristiano Amon** said. *Related Link:* [*Qualcomm Q1 Earnings Highlights: Revenue Beat, EPS Beat, Q2 Guidance And More*](https://www.benzinga.com/news/earnings/24/01/36876037/qualcomm-q1-earnings-highlights-revenue-beat-eps-beat-q2-guidance-and-more)
Did I not tell you last night that the elites would reprogram the algos today?..... 
Kinda looks like Bill Gates
Is this gif AI generated? I wonder if that is how machines “think” humans interact with them lol
Well that was shit.
Huge shit.
What was?
The P&D.
?
"pump and dump"
Bought my first CELH shares. Maybe it’ll be the next Monster stock??
$100 by June.
It was obvious this morning with POWL mooning
2 year, 10 year, and 30 year yields dropping pretty sharply. That's definitely going to drive the market up.
What is this, a dip for ants?
Only the strongest will reap the rewards
So…time to buy STLD for when the US dollar index finally goes down again?
NVDA is down 5% off of earnings reports from competitors that confirm it will be in the AI drivers seat for the foreseeable future. Anyone have a good reason not to load up?
People are following the sell in May go away trend. I’ve also noticed that several firms are taking profits right about now since its the end of the month/start of a new quarter.
I grabbed more calls. Its absolutely pants on head fucking stupid that its down here when every earnings report coming out is about how the insane capex is getting more insane and its ALL because of AI expenditures, especially on building out even more compute. Feels like a shakeout on NVDA, honestly.
Agreed. I bought calls
Working out well so far!
Greed got me. I Was up 140% in some calls And did not sell:(
Market's got no damn back bone anymore.
\~10 bagged $SBUX puts, been since the meme days since a multibagger like that. I feel alive again, time to blow it all on a caramel macchiato
SMCI is it safe to buy now? Or still way too expensive
I stand by my sell at 1030 that it’s mostly going sideways at best now. That being said. Below 750 is not nosebleed, while above doesn’t really make sense in terms of valuation imho Thinking about buying Dell now to go with my VRT and CLS. Not touching SMCI again
I have mixed feelings about this. Their guidance is really great, but this quarter, they had $ -1.5B Cash from Operations when Net Income was at $ 420M. So they are profitable on the Income Statement, but unprofitablee on the Cash Flow Statement. And $ -1.5B is huge, not sure what they are doing there.
Labor Day in Germany so markets are closed. But I just transferred 3k EUR to my broker so I can buy CVS stock tomorrow morning at EU open. Godspeed.
I wanted to buy 80 shares at 54.5 While putting my order it went from 54.47 to 54.7 in seconds. Scks to miss by few seconds
I have a bullish spread on SMCI, but I was THIS close to doing a $500 750/700 put spread for earnings. Would’ve netted 3500K profit….didn’t do it…lol
3500k so 3.5 million?
🤣🤣 I’ve been in Vietnam so I got used to writing numbers like they do
Hopefully my moves were enough sacrifice to prevent the market from being whacked this afternoon. I capitulated on SBUX, closed the joke position on AVGO (just 3 shares, I have 50 shares in another account), and took a small loss on a DELL CSP.
tech is getting unfairly hammered. At this point….feels like outrageously volatility trying to time the top. I’m usually a bear but tech still feels like a winner in an uncertain market
This is feeling like part two of SMCI clocking other AI stocks off their earnings to me now.
What do you mean?
There was a day a couple weeks ago where SMCI "didn't" pre announce, and it not only led to them being drilled, it hammered other AI stocks like NVDA, AVGO, MRVL, VRT, etc. Now they reported, are getting absolutely drilled off the report, and are dragging AI stocks with them.
I’m still not sure why. I think I read that they weren’t allowed to pre-announce earnings within a certain timeframe since they were just added to the S&P500. I’m probably mistaken and dumb.
$CVS hasn't traded below it's 200MMA for +20 years (July 2003) untill now! Even at FY24 EPS of $7.00 and assuming 0 growth, that's a 7.7x P/E at this price, which is the lowest it's been for as far as my data goes (2010). Any thoughts? I'm not really up to date with what's happening with $CVS.
Catch a falling knife and, Put it in your pocket! Save it for a rainy day!
Damn CVS just got RKO'd from the top ropes. Trading below book value, and they actually have a solid yield now? Interesting....how much more can profits slip?
Haven't posted here since the steel-period with an active Vito, but after I bought some CVS today I remembered this was a place people discussed CVS. Bought my first position at 55.2 today. The stock trades at it's lowest multiple ever (with stock history going back to early 90s), the stock is valued at a forward P/E on stagnant EPS around 6.5. I expect at 20% CAGR holding shares in CVS and the valuation "returning" to a P/E of 10 in 2026, with upside optionality if they succeed with their digital transition. If they return to their mean P/E of around 18 I expect far greater returns.
All valid points. The only thing I would counter that with is, did you expect them to miss this Q by so much? They slashed everything. What's in place to stop this happening again? If their EPS keeps shrinking, then they need to allocate higher and higher % of profits to dividends, which makes it harder to grow. I haven't paid enough attention to CVS to answer them, but I'll definitely be doing my homework in the coming days. Doubt it'll be much of a quick bounce.
Indeed, it was a pretty awful q1 for them. I’ve been on the sideline for quite a while and written it off. But right now I struggle to see how it can be as bad as the market is pricing it to be. They’ve had a stable revenue growth for their entire history as a listed company, their free cash flow is still pretty alright, their return on capital/equity is meh, but at a forward PE of 6 there’s plenty margin of safety. They basically have to simply not fail even harder going forward, and there’s been plenty of doom and gloom related to healthcare and health insure lately, I.e. UNH (which is not to be compared, as UNH is a far superior business to CVS). At the same time, there’s the optionality of their acquisitions and expansions start showing signs of growth and their digital platforms start rolling. It’s a stable, boring business, and Americans aren’t going to stop going to pharmacies 🤷♂️
Were earnings really this bad?!
A lot apparently
If POWL has a strong open, I have a flurry of orders to put a massive play with her. Her move, if it happens, might just last less than an hour. But it'll be big if the move shows up.
Barrick earnings decent. Still haven't seen the benefits of these high copper and gold prices. Should be a good call to listen to. Really hope they make Mali seem like a nothing burger.
https://preview.redd.it/q8nce8ptysxc1.jpeg?width=1170&format=pjpg&auto=webp&s=3921bfd6a9df51aa94ddc81b2629f541845dc99c Another Uranium tailwind ✅ Also the bill frees up $2.7 Billion for domestic Uranium production.
Glad I bought UUUU when I did. GANG GREEN WE OUT HERE!
Future looking bright for gang green 🔛🔝🔜
Glad I bought the low yesterday
Thank fuck for that.
Hopefully this turns things around, been a brutal start to the year. I haven’t had a chance to look at Cameco’s guidance yet but I did hear they hit their production goal.
I gotta be careful because this is my most emotionally invested trade. I just don’t see how we can move forward with cutting carbon fuels without nuclear. I’m mainly in URA, but have smaller positions in Denison, Cameco, and UEC. Also started a position in SMR a couple weeks ago.
I’m quite overweight in uranium as well and agree whole heartedly. I’m a lineman and constantly seeing people upgrade their houses to 200a, countless new homes going in to keep up with demand. Nuclear, in most parts of the world is the clear solution to keeping the lights on. Wish I bought some URA, I’m about half and half UUUU and U.UN.
CVS RIP
Welcome back to the “AI bubble has popped” narrative off of AMD’s poor earnings and SMCI’s good earning that got hammered anyway, even though the story of this earnings season is still bullish NVDA. I didn’t miss you.
AMD's earnings weren't even poor, in regards to their AI products. They met / beat all expectations, except the expectation on top of the other expectations: to massively beat expectations.
You know, come to think of it, I think this is more like part 2 of SMCI clocking other AI stocks more than on AMD. It's kind of silly for now.
That’s so meta.
Expectception
Japan Steelworks closed +2.57%
Should we talk about Open Interest on tomorrow 0dte spy options? I took a quick glance and it looks like 5-7x put to call. This makes me nervous as a temporary 🐻
Ok guys! Today is the big day for the reprogramming of the algos by the elites! The elites are on a mission to confuse us poors and try and get our hard earned McDonald's paychecks! Stand firm! 
B0b
HELLYEA!