Notes

MORNING BID Baidu ( $BIDU) Q4 Revenue: ¥34.12B (-2% y/y, Est. ¥33.32B) 📉 🔹 Ad revenue down 7% to ¥17.9B, offset by AI Cloud growth (+26% y/y). Broadcom ( $AVGO) & Intel ( $INTC): 🔹 Broadcom held informal talks on acquiring Intel’s chip-design unit (WSJ). 🔹 No formal offer yet; deal uncertain. Roku ( $ROKU): Files mixed securities shelf. Alcohol Industry Struggles: 🔹 Younger consumers opt for moderation/abstinence, hurting alcohol sales. 🔹 Underperforming stocks: TAP, DEO, BF/B, BUD. 🔹 Winners: Nonalcoholic brands like Athletic Brewing & Ritual Zero Proof thrive. 🔹 Anglo American ( $NGLOY): Selling nickel unit to MMG Ltd for up to $500M, refocusing on copper & iron ore. 🔹 Delta ( $DAL): Regional jet flipped on landing in Toronto amid high winds; 18 injured. 🔹 Diamondback ( $FANG): Acquires Double Eagle units for 6.9M shares + $3B cash to expand Midland Basin. 🔹 Entergy ( $ETR): Q4 adj. EPS $0.66 (Est. $0.63); FY25 guidance: $3.75-$3.95 (Est. $3.92). 🔹 H&E ( $HEES): Accepts Herc Rentals' $5.3B bid, rejecting United Rentals' offer (FT). 🔹 Sealed Air ( $SEE): CEO Patrick Kivits steps down; Dustin Semach appointed; FY24 outlook reaffirmed. 🔹 Capital One ( $COF): Jan. net charge-offs 6.12% (vs. 5.71% y/y); delinquencies 4.61% (vs. 4.78% y/y). 🔹 Discover ( $DFS): Jan. credit card delinquency 1.80%, charge-off 2.63% (SEC filing). 🔹 JPMorgan ( $JPM): Jan. credit card delinquency 0.88%, charge-off 1.64% (SEC filing). 🔹 Janus Henderson ( $JHG): Expanding into Saudi Arabia to grow Middle East presence (Bloomberg). 🔹 KKR ( $KKR): Buying 5% more of Eni’s (E) Enilive biofuel unit for €587.5M, raising stake to 30%. 🔹 Johnson & Johnson ( $JNJ): Faces court decision today on $10B settlement over baby powder litigation; Judge Lopez to decide on Chapter 11 filing. 🔹 Medtronic ( $MDT): Q3 adj. EPS $1.39 (Est. $1.36); Q3 revs +2.5% y/y to $8.29B (Est. $8.33B); maintains full-year guidance. 🔹 Oculis ( $OCS): 5M share secondary priced at $20.00 per share.
$BIDU $AVGO $INTC $ROKU $NGLOY $DAL $FANG $ETR $HEES $SEE $COF $DFS $JPM $JHG $KKR $JNJ $MDT
+2.66%
$OCS
Looks possible that our $ETR trader MAY have taken profit with the contracts changing hands, around that $1.40 If profit wasn't taken, and this is still open, the contract hit a new high of $2.05. This would mean the trader hit a high of +156%, and right back down to +75%
$ETR
#Downgrades - Dec 04, 2024 • $ACMR: Needham Downgrades to Hold from Buy • $ALEC: BofA Securities Downgrades to Underperform from Neutral - PT $1 (from $9) • $BMY: CFRA Downgrades to Hold from Buy - PT $60 • $CDMO: Stephens Downgrades to Equal Weight from Overweight - PT $12.50 (from $12) • $DTE: KeyBanc Downgrades to Sector Weight from Overweight • $ETR: KeyBanc Downgrades to Sector Weight from Overweight • $FCNCA: KBW Downgrades to Market Perform from Outperform • $HAFC: KBW Downgrades to Market Perform from Outperform • $IPGP: Northcoast Research Downgrades to Neutral from Buy • $MSM: Stephens Downgrades to Equal Weight from Overweight - PT $85 • $MTB: JPMorgan Downgrades to Neutral from Overweight - PT $223.50 (from $215) • $NVS: HSBC Downgrades to Reduce from Hold • $PNFP: KBW Downgrades to Market Perform from Outperform • $YPF: UBS Downgrades to Neutral from Buy - PT $38 (from $30)
$ACMR $ALEC $BMY $CDMO $DTE $ETR $FCNCA $HAFC $IPGP $MSM
-3.36%
$MTB $NVS $PNFP $YPF
#Upgrades - Sep 17, 2024 $ALRS: Raymond James Upgrades to Outperform from Market Perform - PT $24 $APP: UBS Upgrades to Buy from Neutral - PT $145 (from $100) $BANC: Raymond James Upgrades to Outperform from Market Perform - PT $16 $BNTX: Jefferies Upgrades to Buy from Hold - PT $150 (from $96) $CURV: William Blair Upgrades to Outperform from Market Perform $DCOM: Raymond James Upgrades to Strong Buy from Outperform - PT $35 (from $29) $ETR: Barclays Upgrades to Overweight from Equalweight - PT $138 (from $115) $GCI: Citi Upgrades to Neutral from Sell - PT $5.10 $GEV: BofA Securities Upgrades to Buy from Neutral - PT $300 (from $200) $HPE: BofA Securities Upgrades to Buy from Neutral - PT $24 (from $21) $LIVN: Baird Upgrades to Outperform from Neutral - PT $66 (from $55) $LSCC: Stifel Upgrades to Buy from Hold - PT $55 $NYCB: Raymond James Upgrades to Market Perform from Underperform $RLMD: Jefferies Upgrades to Buy from Hold - PT $13 (from $3.50) $SHOP: Redburn-Atlantic Upgrades to Buy from Neutral - PT $99 $SNV: Raymond James Upgrades to Outperform from Market Perform $TCBI: Raymond James Upgrades to Outperform from Market Perform $VBTX: Raymond James Upgrades to Strong Buy from Market Perform
$ALRS $APP
-33.49%
$BANC $BNTX $CURV $DCOM $ETR $GCI $GEV $HPE $LIVN $LSCC $NYCB $RLMD $SHOP $SNV $TCBI $VBTX
We're thrilled to announce that the @Ethora_ Kickstarter has concluded and $ETR will be listed on #MEXC! 🔹Deposit: Opened 🔹ETR/USDT Trading: 2024-07-31 09:00 (UTC) Details:
$ETR
.@Ethora_, the World's most degen Binary Options platform, Powered by Base, is coming to #MEXCKickstarter 🚀 🗳Vote with $MX to share massive airdrops 📈 $ETR/USDT Trading: 2024-07-31 09:00 (UTC) Details:
$MX
-1.53%
$ETR
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