Loaded with calls on the market up the ship sets sail maybe never to return to land again. Into the ocean we breach new ideas and new ways of thinking and an record of success not seen in these waters before. We anchor off Portugal and beam our programming from the free waters of the world. Our crew is a hardened weather-worn outfit of misfits, they would as simply kill you than debate you. That's fine they are kept in line by a Captain who wields a mighty whip. The Whip Of Intelligence. That is also the name of our ship. The ship shall be our everything. Our morning review, our investing ideas and our commentary on the world we see. Music will keep us sane as we pry along the turbulent waves of the Bear Market. Join us friends as we embark on the journey of a lifetime. The shorts are set on the run. We sail into destiny now with one overriding moral and purpose-- to make enough money to retire to Nevis West Indies. LETS GO-!
Starbucks interim CEO Schultz buys $10M in common stock 19:52 SBUX In a regulatory filing, Starbucks disclosed that its interim CEO Howard Schultz bought 137.5K shares of common stock on May 10th in a total transaction size of $10M. JinkoSolar signs first European ESS agreement with Memodo GmbH 05:53 JKS JinkoSolar announced that it has signed its first European Energy Storage Solution agreement with Memodo GmbH. The Memodo exclusivity agreement for JinkoSolar's ESS product portfolio will cover the D-A-CH region, Germany, Austria and Switzerland, for 2022 and 2023, respectively, which includes an all-in-one system, a stackable low-voltage and high-voltage storage system and a single or three-phase hybrid inverter. All power storage devices are installed with lithium iron phosphate batteries and are compatible with well-known inverters. Twitter drops over 11% in premarket trading after Musk says deal on hold 05:48 TWTR Nokia upgraded to Buy from Add at AlphaValue/Baader 05:11 NOK AlphaValue/Baader… Copa Holdings upgraded to Overweight from Underweight at Barclays 04:58 CPA Barclays analyst Pablo Monsivais double upgraded Copa Holdings to Overweight from Underweight with a $96 price target. Veritone to hold virtual event 04:55 VERI Ventyx Biosciences 'top pick' heading into data-rich Q3, says Piper Sandler 20:31 VTYX, BMY Piper Sandler analyst Yasmeen Rahimi keeps her Overweight rating and $50 price target on Ventyx Biosciences (VTYX), also calling the stock her "top pick" heading into the data-rich and potentially stock-moving Q3. Rahimi adds that Bristol Myers' (BMY) deucravacitinib approval on September 10th could also provide a clear regulatory path for VTX958 in psoriasis.
FINTECH--- Heavily Shorted space--- Folks I have to move some names from the last thread into this one like FLYWIRE (FLYW) you want to be in this name as AFRM the lead dog stabilizes the whole sector. Affirm CEO: Our underlying business is performing very well 18:23 AFRM In an interview on CNBC's Mad Money Max Levchin said the consumer is alive and well. "They are shopping, buying, and paying their loans quite well," he added. "We are in fact as good as we say we are." Customers like Affirm's honesty with credit and that is why they come back, he noted. Changing rates have not had any impact on the company's costs. "Our cost of capital is just fine," he said.
Robinhood surges 36% to nearly $12 after FTX CEO takes stake 16:57 HOOD Veritone to hold virtual event 16:52 VERI Virtual Analyst Update and Tech Demo to be held on May 13 at 12 pm. Toast jumps 8% to $15.40 after raising FY22 guidance 16:44 TOST Alcon assumed with an Outperform at Credit Suisse 16:43 ALC Credit Suisse analyst Christoph Gretler assumed coverage of Alcon with an Outperform rating and $96 price target. Duolingo up 10% after beat and raise report 16:23 DUOL Shares of Duolingo are up $7.02, or 10%, to $74.00 in after-hours trading. Affirm extends multi-year partnership with Shopify in U.S. 16:08 AFRM, SHOP Affirm (AFRM) announced a multi-year extension of its partnership in the U.S. with Shopify (SHOP). The agreement cements Affirm as the exclusive pay-over-time provider for Shop Pay Installments in the U.S. In connection with the extended agreement, all eligible U.S. merchants offering Shop Pay Installments will have access to Affirm's Adaptive Checkout, a first-of-its-kind product in the U.S., which dynamically offers biweekly and monthly payment options side-by-side in a single integrated checkout. "Last year, we chose to partner with Affirm in the U.S. due to their technology and expertise in buy now, pay later solutions, and their commitment to transparency and never charging late or hidden fees," said Shruti Patel, Director of Product Partnerships at Shopify. "As we extend our partnership with Affirm in the U.S., we look forward to helping our merchants deliver even more flexibility and choice to their buyers, while increasing conversion, driving higher average cart sizes and faster checkouts that reduce cart abandonment."
Zendesk seeing continued buyout interest from suitors, Dealreporter says 14:51 ZEN More than three suitors - including private equity firms Permira, Hellman & Friedman and Advent International - are considering bids for Zendesk, sources familiar with the matter told Dealreporter, according to contacts. IDEA #1-> BUY ZEN. Can zen be bought? Yes quite nicely.! Zendesk (NYSE:ZEN) is rapidly paring the day's losses amid a report from Dealreporter that more than three firms are circling the company for acquisition. That includes private-equity names Permira, Hellman & Friedman, and Advent International, according to thereport, with Permira looking most serious. A deal could come as soon as June, Dealreporter says. And it reports that despite tight markets, Zendesk is holding out for a deal in the range of $140/share, after rejecting an unsolicited proposal in February that valued it in the $127-$132/share range. Nutrien reiterates potential for raising potash production in supply crunch May 12, 2022 6:36 PM ETNutrien Ltd. (NTR) Nutrien (NYSE:NTR) is weighing the possibility of increasing its potash production in the coming years to address the global shortfall, Bloomberg reported Thursday. The world's largest fertilizer company already is raising production by 1Mtons this year to a total of 15M tons, and Chief Strategy Officer Mark Thompson told a virtual industry conference that Nutrien (NTR) could make 18M tons of potash if it boosted capacity in increments over a period of 1-3 years. "We're looking and assessing right now about what a ramp up would look like in the next couple of years to begin to bring more production in the market," Thompson said, according to Bloomberg.
White House announces actions to address baby formula shortage Update:The White House announced a raft of measures to alleviate the ongoing baby formula shortage across the country on Thursday. The announcement follows a virtual meeting held by President Joe Biden with heads of the companies including Reckitt Benckiser (OTCPK:RBGPF) (OTCPK:RBGLY), Target Corporation (TGT), and Walmart (WMT). The efforts to address price gauging, reduce red tape, ramp up production, and measures to support imports are among some of the actions announced,NBC News reported. A senior administration official said that Biden would not invoke the Defense Production Act to accelerate production at this time, adding "we're going to keep every option on the table." ABT Labs caused all of this could they be part of the solution? IDEA #2 ABT
Sportradar Group AG (SRAD)-This was one of the last stocks bought in the prior thread, In fact it was the last stock bought. Earn on the way we think they will beat... Quite honestly I liked this company at $19 in the past... So to get it for $9 and change is a gift!--let it pull in a bit and get on board! IDEA #3 SRAD NasdaqGS - NasdaqGS 9.73+0.65(+7.16%) At close: May 12 04:00PM EDT 9.89+0.16(+1.64%) After hours:May 12, 05:48PM EDT
One of my dear friends Uncle Jimmy is a voice over guy out in LA (& great bartender) I asked him to join our ship of fools and sail with us he declined out of anger directed at a company we kind of like...