Prognightmare said:

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Gougler, Irish and any other options traders,

Look at the AMD Jan 17, 2020 $35 calls. Id like your opinions on them. Im going to put them on my watch list. If they grab market share from INTC and runs up into Christmas then these look quite enticing.

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Dow futures rose Tuesday morning, after China took steps to ease the budding currency war with the United States.

China priced the yuan's reference rate at 6.9683 to the dollar, a hair above the target 7:1 ratio to the US dollar. Although that was the weakest level for the yuan in 11 years, many Wall Street investors feared China would price the yuan below that psychological 7:1 barrier.

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Stock futures also got a boost after the Chinese central bank announced plans to issue central bank bills worth 30 billion yuan next week. That supported China's currency, which bounced back slightly against the dollar after the announcement.

Futures erased an earlier 600-point plunge. Stock futures initially tumbled Monday evening after the United States labeled China a currency manipulator.

Investors feared the label would eliminate China's incentive to keep the yuan above the 7:1 ratio to the dollar, setting off a currency war with the United States. A further devaluation of the yuan could ease the burden of America's tariffs on China. Wall Street fears a steep drop in the yuan could escalate the trade war, prompting the United States to raise its tariffs on China.

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rgag12 said:

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I really hope you're right. However I'm very skeptical now of a solution being reached in the near future.

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IrishTxAggie said:

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Prognightmare said:

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Gougler, Irish and any other options traders,

Look at the AMD Jan 17, 2020 $35 calls. Id like your opinions on them. Im going to put them on my watch list. If they grab market share from INTC and runs up into Christmas then these look quite enticing.

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Semis will definitely be the winner with any sort of deal, I'm just not sure it comes by January 2020

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Bob Knights Liver said:

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The bottom - is this it (at least for the near future)? Give your opinion. I'd like some TA board crowdsourcing here.


Mine - I still think there will be bumps in the road, but I think we're at or close to the near-term bottom (at most 3% away). That's my non-expert opinion. Yours?

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IrishTxAggie said:

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Yay ACB!!

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Canada's Aurora Cannabis Inc. ACB, +14.54% ACB, +7.84% said Tuesday it expects to report revenue net of excise taxes for its fiscal fourth quarter of C$100 million ($75.8 million) to C$107 million, up from C$19.1 million in the year-earlier period. The company had revenue of C$65.1 million for the previous quarter to end March. Net revenues are expected to range from C$90 million to C$95 million, with growth expected across all business segments, including medial cannabis, Canadian and international and consumer markets. For the full fiscal year, Edmonton-based Aurora is expecting net revenue of C$249 million to C$256 million. "The company expects to report that production available for sale for Q4 2019 will be at the upper end of the range between 25,000 kg and 30,000 kg, ahead of previous guidance of 25,000 kgs," the company said in a statement. The company expects to post positive adjusted EBITDA, along with improvements in gross margins, kilograms of cannabis sold and cash costs per gram produced. Adjusted EBITDA excludes interest income (expense), accretion, income taxes, depreciation, amortization, changes in fair value of inventory sold, changes in fair value of biological assets, share-based compensation, changes in fair value of financial instruments, gains and losses on deemed disposal, and non-cash impairment of equity investments, goodwill and intangible assets. The guidance is not yet fully audited, but the company expects final numbers to be consistent with the estimates. Shares rose 3.4% premarket and have gained 28% in 2019, while the S&P 500 SPX, +0.86% has gained 13.5%.

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pacecar02 said:

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Bezos sold off another billion

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Bezos said in 2017 that his "business model" for the company was to sell $1 billion worth of Amazon stock each year to fund it. Last year, Bezos reiterated that $1 billion-a-year commitment, telling Business Insider, "The only way that I can see to deploy this much financial resource is by converting my Amazon winnings into space travel." (Asked about any guilty spending pleasures, Bezos mentioned an "amazing trip" to celebrate the birthday of recently ex-wife MacKenzie Bezos. Plans change!)

Another possibility is that Bezos will put some of that cash toward the Bezos Day One Fund, the charitable venture he announced in September 2018. Or, maybe he just needs cash to pay the bills. Bezos spent about $80 million on three apartment units on New York City's Fifth Avenue in June, the Wall Street Journal reported. Meanwhile, his divorce from MacKenzie, finalized in early July, shaved $38 billion off his personal fortune. That was enough to make her one of the richest women in the world, without threatening the Amazon CEO's position at the top of the rich list, with a fortune currently valued at around $110 billion.

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Roku Earnings Are Coming. Here's What to Expect -- Barrons.com
6:29 am ET August 6, 2019 (Dow Jones) Print
By David Marino-Nachison

Streaming video company Roku is scheduled to report quarterly financial results Wednesday after the market's close.

Roku stock (ROKU) is up 235% in 2019 through Monday's close at $102.57, well ahead of the S&P 500.

Here's a snapshot of Wall Street's expectations and some recent history.

-- Wall Street is looking for second-quarter losses of 23 cents per share, according to FactSet, on revenue of $224 million and net new active accounts of 1.5 million.

-- In May, Roku told investors to expect revenue of $220 million to $225 million, as well as losses on a net and adjusted-Ebitda basis.

-- In last year's second quarter, the company broke even on revenue of $157 million.

-- In May, Roku reported first-quarter losses of 9 cents per share on revenue of $207 million and net new active accounts of 2 million. Since then, the shares have generally risen, touching all-time intraday highs above $113 in July.

Some analysts have suggested that the stock is richly valued, and as Barron's pointed out in late June, it does go down occasionally -- and not always for completely obvious reasons.

Other analysts have pointed toward more gains; FactSet's average price target is $84, below Monday's close.

-- The shares are up about 120% over the last year as the S&P 500 has risen closer to 3%.

A conference call with management is scheduled for Wednesday at 5 p.m. ET.

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leoj said:

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The triple zero? It's a great healthy snack for sure, good source of protein.

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third coast.. said:

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Chobani fat free greek yogurt with a scoop of chocolate peanut butter protein powder. 250 cals and 47 grams of protein. Absolutely delicious. My breakfast every day.

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EY_Ag said:

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Any thoughts on this OSTK dip?

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