US antitrust regulator may question Facebook chief Mark Zuckerberg: Report Leaders of Amazon, Apple, Facebook, and Google are to testify during an antitrust investigation hearing at the US House Committee on the Judiciary on July 27. https://www.google.com/amp/s/www.de...ief-mark-zuckerberg-report-862618.html?espv=1
Another big week of earnings coming up. I love that MSFT pulled back last week...they should report a big number. VZ has sold off in the past after reporting but it’s usually a buy the dip opportunity. It’s boring but any pullback means a nearly 4.5 to 5% dividend.
constructed a Bullish put spread on MSFT for $2.10 credit, 21 Aug expiration, which is days before the next X-Div, defining my max risk to be $2.90 bto 200 PUT sto 205 PUT
Do you agree with this? Technical Trends The technical chart may be starting to reflect some of that nervousness because the shares have been gradually trending lower since peaking around July 9. The stock has also formed a bearish pattern, known as a bump and run. It would indicate that the stock continues to trend lower towards an uptrend at $195, a decline of about 4% from its price on July 17 of roughly $203. Should that uptrend break, the shares could fall even lower to its next level of support at $187, a drop of about 8%. https://www.forbes.com/sites/kramer...nto-earnings-in-almost-20-years/#41c6ca11b1d4
fwiw, just sold a covered call, 7-24-20 217.5 strike CALL, some one was willing to pay $1.65 for it
delay price-action reaction my near-term price target of > 60 is looking good; the 7th attempt to break thru the purple trendl ine
^Reports from Nikkei that Sony boosted PS5 production numbers from 6milion units to 9 million units. For PS4, each unit was worth 100 to AMD's revenue for the CPU/GPU; so that's a potential 300mil revenue increase in 2020, but I'm not sure which quarter this increase gets accounted in. https://asia.nikkei.com/Business/Technology/Facebook-and-Sony-ramp-up-output-of-gaming-devices Other catalysts which may not affect 2Q earnings but impact subsequent guidance: "Pro" line of APUs with additional security features for OEM laptops targeted at companies (i.e. thinkpads) are coming soon as well as "pro" line of workstation/threadripper CPUs; faster than dual xeon. edit: I think the biz laptops could be a game changer that finally makes a dent in laptop market share for AMD. I work in an org with over 6k staff, half of us are on thinkpads half on dell. lenovo has already announced amd versions of the t-14, and they are cheaper, faster, cooler temp and longer battery life than the intel model. Any IT department that hasn't been sleeping will make the switch.
Looks like the run-up from mid-week took the punch out of the news. That, and it was kind of expected, I guess. Bummer.
Good day for tech, in general, especially the usual high-flyers from the past few months, from the looks of it. I wonder if the shift away to "value" was that temporary.
last Wed, when IBB was ~ 142 IBB is coming off a 5-yr base, w a 2+ mo consolidation period, and has established all-times highs at least 6 times over the past 2 wks, i subscribe to the TA adage, "the longer the horizontal base, the higher the vertical space". i believe that IBB will keep on marching upward until it pops BIG time today, when the front leg of my CALL calendar / diagonal became in-the-money, i rolled it forward to a higher strike BTC Aug 14 145 CALL STO Sept 18 147 CALL, for a net credit of $1.20 my calendar has morphed to this CALL diagonal - Sept 18 147 CALL + Jan 2021 139 CALL
Alibaba’s Ant could be bigger than some Wall Street banks — What you need to know about the dual IPO https://www.cnbc.com/2020/07/21/alibaba-ant-group-ipo-hong-kong-shanghai-explained.html
Do you find technical works on ETFs? I thought the ETF would more or less track the NAV of the underlying stocks, and the underlying basket of stocks could be trending in different directions with different market psychology being applied to each one.
for those w long position, enjoy this bull run, it's not a bad idea to buy cheap PUT insurance on your longs the vix has been declining, PUTs are relatively cheap
