Trade Brief 10th September (AAPL, META, EXPE )
Apple’s new Duo could be a boon for apps with advertising models. META meanwhile is trying to monetize AI through subscriptions. Will they partner with EXPE? Book up 5.3%, 710bps behind SPY.
Trade Brief 9th September (SAP, Gold)
If AI has made your job trying to prove Navier-Stokes obsolete, we have an alternative research plan. The latest developments in the Middle East could make for bigger dips in SAP and Gold. Book up 5.6%, 730bps behind SPY.
Trade Brief 4th September (Waller, Retail, LULU)
Waller addressed market concerns on both credibility and uncertainty of the Fed’s reaction function. There are signs that the retail bid for stocks could be back. Book up 6.9%, 710bps behind SPY.
Trade Brief 3rd September (SPCX,AVGO)
SPCX is moving from one impossible challenge to another as they seek to accelerate AI capacity. AVGO has been copying homework from NVDA. Book up 6.1%, 670bps behind SPY.
Trade Brief 2nd September (AAPL, Iran)
AAPL is rallying ahead of the new iPhone launch. It could be setting up for a ‘sell the news’ event. The stock market is not afraid of the latest Iran escalation. Book up 5.7%, 660bps behind SPY.
Trade Brief 1st September (NVDA, INDA)
NVDA chose to invest in MediaTek next, not ANET. This makes me think ALAB could be next on their shopping list. Book up 5.9%, 720bps behind SPY.
Trade Brief – Buying AVGO Call Spread
Buying a call spread in AVGO ahead of earnings that might make the market appreciate their contribution to AI efficiency.
Trade Brief 28th August (MRVL, Banques)
There could be a new theme in AI where hardware stocks are getting the short end of the stick. Book up 6.2%, 750bps behind SPY.
Trade Brief 27th August (META, NVDA)
The details of the META settlement were unusually interesting, including a MFN clause. Both bull and bear theses survive from NVDA earnings. Book up 6.0%, 690bps behind SPY.
Trade Brief 26th August (Liquidity, NKE, INDA)
Liquidity problems in markets are starting to look like a pattern. A different type of liquidity problem at DKS does not translate to problems for NKE. Book up 6.0%, 690bps behind SPY.
