In today’s briefing:
- Long Short Flow Trading Opportunity: TIGER Semicon Top 10 ETF Rebalancing Next Friday
- EQD | Volatility Update: Weekly Review of Vol Changes and Best Trades-Good News Is Good News
- Universal Display Corporation: New Launch That Are Transforming the OLED Landscape! – Major Drivers
- Warner Bros. Discovery Inc.: Uncovering the Secrets Behind Their Global Business Success! – Major Drivers
- SunPower Corporation: How Strategic Investments Is Redefining Their Market Share! – Major Drivers
- Qualys Inc.: How Deep Learning AI & ML Are About to Shift Cybersecurity Forever! – Major Drivers
- Viavi Solutions Inc.: New Testing Capabilities for Non-Terrestrial Networks & Other Major Developments
Long Short Flow Trading Opportunity: TIGER Semicon Top 10 ETF Rebalancing Next Friday
- LX Semicon and Tokai Carbon Korea will be excluded, and these two positions will be filled by Eo Technics and either HPSP or ISC Co Ltd.
- The effective date is October 16th, and the rebalancing trading by the TIGER ETF occurs towards the closing (likely to start around 2 p.m.) on Friday, October 13th.
- The practical setup would entail an EO Technics-TCK Long Short pair. For a more aggressive strategy, we could explore the inclusion of HPSP in this setup.
EQD | Volatility Update: Weekly Review of Vol Changes and Best Trades-Good News Is Good News
- Weekly summary of vol changes and moves across Global Markets
- Analysing ATM volatility and skew changes over the last 5 days
- We suggest a few trades to take advantage of the implied vol surfaces
Universal Display Corporation: New Launch That Are Transforming the OLED Landscape! – Major Drivers
- Universal Display Corporation managed to exceed the revenue expectations as well as the earnings expectations of Wall Street.
- The company announced $147 million in revenue, $59 million in operating profit, and $50 million in net income, or $1.04 per diluted share, for the second quarter of 2023.
- Universal Display’s revenue guidance range for the year has been reduced from $560 million to $600 million.
Warner Bros. Discovery Inc.: Uncovering the Secrets Behind Their Global Business Success! – Major Drivers
- Discovery, Inc. delivered a disappointing set of results as the company could not meet the revenue and earnings expectations of Wall Street.
- The company generated almost $1.7 billion in free cash flow this quarter, and the team anticipates around the same in Q3.
- Their global direct-to-consumer business was mildly EBITDA positive for the first half of this year and nearly breakeven in the second quarter.
SunPower Corporation: How Strategic Investments Is Redefining Their Market Share! – Major Drivers
- SunPower Corporation’s results were a major disappointment as the company failed to meet the revenue expectations as well as earnings expectations of Wall Street.
- This led to a revision of the 2023 guidance, reflecting market conditions, lower operating expenses, reduced platform investment, and a delay in certain projects.
- Adjusted revenue grew by 9%, partly offsetting higher product costs with price increases.
Qualys Inc.: How Deep Learning AI & ML Are About to Shift Cybersecurity Forever! – Major Drivers
- Qualys, Inc. delivered an all-around beat in the previous quarter.
- The channel’s share of revenue stayed at 43% from the previous quarter.
- By geo, their overseas business rose 12%, outpacing the 16% rise in the U.S.
Viavi Solutions Inc.: New Testing Capabilities for Non-Terrestrial Networks & Other Major Developments
- Viavi Solutions Inc. managed to surpass the revenue expectations as well as the earnings expectations of Wall Street.
- Although NSE revenue decreased sequentially but increased year over year, it was primarily driven by the company’s NE business sector.
- Nevertheless, a stronger demand for anti-counterfeiting products helped the fourth quarter’s revenue increase somewhat than anticipated.
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