Notes
gm 🌭
- our $COST 1/1 DD raffle is now live. more 🔥 from @Cmak0ta
- @solana_king will be eating a hot dog at costco and tweeting his experience one for each raffle ticket sold
- .25sol. open till Friday. 🔗 in the tweet below
- the bun stays on and the drink is free
MORNING RECAP
• $ASO announces a $700M share buyback.
• $AEO Q3 EPS $0.48 vs. $0.46 est., rev down -0.9% to $1.29B; cuts annual sales growth forecast to 3%, expects Q4 comp sales +1%, total rev -4%.
• $CHPT Q3 loss (-$0.18) vs. est. (-$0.09), rev -10% to $99.6M; Q4 rev guidance $95M-$105M. Networked charging systems down -29%, subscription rev up +19%.
• $COST November comp sales +3.1%, net sales +5.6% to $21.87B; Q1 sales +7.5% to $60.99B.
• $FIVE Q3 EPS $0.42 vs. $0.17 est., sales +15% to $843.7M; Q4 sales guide $1.35B-$1.38B, comp sales expected to decline.
• $PVH Q3 adj EPS $3.03 vs. $2.59 est., rev $2.26B vs. $2.22B; Q4 rev expected -7% to -6%, EPS $3.05-$3.20.
• $PG now sources Gillette razor steel from India to mitigate potential Trump tariffs.
• $AVAV Q2 rev $188.5M vs. $182.9M est.; adj EBITDA $25.9M vs. $31.7M est.; maintains FY25 EPS $3.18-$3.49, revenue $790M-$820M.
• $APD: Mantle Ridge now nominates only four for the board, down from nine.
• $CULP Q2 adj op income ($2.6M) vs. ($3.589M) est., sales $55.7M vs. $58M est.; expects flat to slightly down Q3 sales, positive EBITDA in 2H, profitable by Q4.
• $GEF Q4 EPS $1.08 vs. $1.10 est.; rev up 8.3% to $1.42B, adj EBITDA down 0.8% to $197.6M; FY25 adj EBITDA expected at $675M low-end.
• $LUV boosts Q4 revenue per seat mile forecast to 5.5%-7% from 3.5%-5.5%, due to pricing and travel demand.
• $FI stock falls as CEO Frank Bisignano is nominated by Trump to lead the SSA.
• $FOUR downgraded to Hold from Buy after CEO Jared Isaacman is chosen by Trump to head NASA.
• $HOOD plans Asia expansion, setting up in Singapore.
NYPD seeks man who killed UnitedHealth $UNH executive Brian Thompson outside a Manhattan hotel, suspect fled into Central Park.
TSM discussing with $NVDA to manufacture AI chips in Arizona.
• $AMAT downgraded to Underweight at Morgan Stanley due to memory market concerns.
• $HPE upgraded to Overweight, target price raised post-Juniper acquisition.
• $NCNO Q3 adj EPS $0.21 vs $0.16 est., Q4 rev guidance below estimates.
• $OOMA Q3 EPS $0.17 vs $0.16 est., raised yearly outlook.
• $S Q3 EPS loss ($0.25) vs $0.01 est., slightly beat on revenue for Q4 and year.
• $SNPS Q4 adj EPS $3.40 vs $3.30 est., Q1 guidance below expectations.
• $VRNT Q3 EPS $0.54 vs $0.43 est., strong SaaS growth, FY25 revenue guidance up.
• $DIS increases dividend to $1.00 per share.
• $SMTC launches $400M stock offering.
Day 96 of eating a costco hotdog until $cost reaches $1.50
Current Price: $0.012🚀
Tomorrow I want to see:
@CrYpTicDeGeN69 getting a glizzy 🌭
Drink is free! Bun stays on!
Hot dogs are in control
@costcodogsol
Day 95 of eating a costco hotdog until $cost reaches $1.50
Current Price: $0.0089 🚀
Tomorrow I want to see:
@DegenDuncan getting a glizzy 🌭
Drink is free! Bun stays on!
Hot dogs are in control
@costcodogsol

Day 94 of eating a Costco hotdog until $cost reaches $1.50
Current price: $0.0083 🚀
Tomorrow I want to see:
@solana_king getting a glizzy 🌭
Drink is free! Bun stays on!
Hot dogs are in control
@costcodogsol
$COST - COSTCO SELLING POPULAR PLATINUM BARS
Costco shoppers aren't just buying rotisserie chicken and toilet paper in bulk, but also platinum bars.
Members of the popular retailer can now pick up 1-ounce platinum bars for $1,089.99, a slight markup from its market value of approximately $1,000.
https://t.co/ZAttxQTqop
STOCKS ON THE MOVE
$ONCO, up 82.4%
$CNEY, up 57.8%
$BMY: up 4.4% premarket, Gains as FDA approves its schizophrenia drug
China ADRs extend their rally on latest stimulus push
$BABA: up 0.4% premarket
$JD: up 2.6% premarket
$PDD, up 1.33% premarket
$LI: up 0.4% premarket
$SAVA: down 11.7% premarket, after SEC charges co for misleading Alzheimer's drug trial claims
$COST: down 1.0% premarket, after Q4 results; brokerages hike PT
$DG: down 2.5% premarket, Citi downgrades Dollar General citing tough sales recovery as Walmart takes market share
$ESTA: up 27.3% premarket, on US FDA nod for Motiva breast implants
$KMX: up 0.7% premarket, Brokerages raise Carmax PT on expectations of recovery in US used car market
$WVE: up 2.2% premarket, JP Morgan resumes coverage with 'overweight'
$IONQ: up 8.1% premarket, Gains on $54.5 mln contract with US Air Force Research Lab
$BMBL: down 2.2% premarket, Down after KeyBanc downgrades to 'sector weight'
#Downgrades - Sep 24, 2024
$BIDU: HSBC Downgrades to Hold from Buy - PT $100
$COST: Truist Securities Downgrades to Hold from Buy - PT $873
$CTLT: Baird Downgrades to Neutral from Outperform - PT $63.50
$CUBI: Wedbush Downgrades to Neutral from Outperform - PT $53 (from $79)
$DOYU: HSBC Downgrades to Hold from Buy - PT $6.60
$DRS: BofA Securities Downgrades to Neutral from Buy - PT $30 (from $26)
$EQR: BofA Securities Downgrades to Neutral from Buy - PT $82 (from $78)
$ESS: BofA Securities Downgrades to Neutral from Buy - PT $321 (from $307)
$FCNCA: Wedbush Downgrades to Neutral from Outperform - PT $2,150 (from $2,450)
$FHN: Wedbush Downgrades to Neutral from Outperform - PT $17 (from $20)
$INVH: BofA Securities Downgrades to Neutral from Buy - PT $37 (from $39)
$KVUE: RBC Capital Downgrades to Sector Perform from Outperform - PT $24
$MCK: Baird Downgrades to Neutral from Outperform - PT $531 (from $603)
$MNSO: Jefferies Downgrades to Hold from Buy - PT $14.91
$NTR: Wells Fargo Downgrades to Equal Weight from Overweight - PT $50 (from $62)
$NSP: William Blair Downgrades to Market Perform from Outperform
$PRGO: Jefferies Downgrades to Hold from Buy - PT $30 (from $50)
$REGN: Leerink Partners Downgrades to Market Perform from Outperform - PT $1,077 (from $1,175)
$SBUX: Jefferies Downgrades to Underperform from Hold - PT $76 (from $80)
$TGI: BofA Securities Downgrades to Underperform from Buy - PT $12 (from $17)
$XOM: Redburn-Atlantic Downgrades to Neutral from Buy - PT $120 (from $119)