In today’s briefing:
- Crypto Crisp: MicroStrategy Continues Its Buying Spree
- Buy the Pullback Again; S&P 500, Nasdaq 100, Russell 2000 Testing Confluence of Support
- NVIDIA’s AI Revolution Stalls? What Blackwell’s Overheating Issues Reveal!
- Disney’s Secret Weapons: How Streaming
- Warren Buffett’s Domino’s Pizza Deal: The Possible Strategy Behind The Recent $550 Million Investment! – Major Drivers
- Inside the Buyout Buzz: Why Compass Minerals is Turning Heads on Wall Street!
- Is AST SpaceMobile Losing Its Shine? Reddit’s Darling Faces Tough Questions After Losses! – Major Drivers
- Intuitive Machines’ Lunar Empire Takes Shape: Record Revenues and NASA Milestones! – Major Drivers
- Intuitive Machines’ Lunar Empire Takes Shape: Record Revenues and NASA Milestones! – Major Drivers
- SYM: Celebrating an Accounting Nightmare
Crypto Crisp: MicroStrategy Continues Its Buying Spree
- It has been a relatively quiet week.
- Bitcoin has outperformed much of the market, resulting in an increase in its dominance, as highlighted in Thursday’s Crypto Moves #52.
- This was most likely driven by the intense buying pressure from MicroStrategy over the past week.
Buy the Pullback Again; S&P 500, Nasdaq 100, Russell 2000 Testing Confluence of Support
- Our outlook remains bullish following the S&P 500’s multi-month base breakout above 5670, alongside healthy market dynamics which have continued to improve.
- Two weeks ago, our election day report (11/5/24) was titled “Buy the Pullback,” and with the SPX/QQQ/IWM pulling back to their 20-day MAs, it’s time to buy the pullback again.
- We continue to expect significant upside into year-end and early 2025, and we expect support at the 20-day MAs on the aforementioned indexes (though support at 50-day MAs is possible).
NVIDIA’s AI Revolution Stalls? What Blackwell’s Overheating Issues Reveal!
- NVIDIA, the undisputed leader in AI-driven GPUs, is currently navigating turbulent waters with its latest Blackwell architecture chips.
- While the company has been riding high on record-breaking revenues and a surging demand for AI compute power, reports of overheating issues in Blackwell chips have cast a shadow over its otherwise stellar growth trajectory.
- According to recent disclosures, these state-of-the-art GPUs face severe thermal management challenges when configured in server racks holding up to 72 units.
Disney’s Secret Weapons: How Streaming
- The Walt Disney Company’s recent fourth-quarter and full-year 2024 financial results provided a comprehensive overview of both the progress and challenges faced by the company.
- CEO Bob Iger highlighted the company’s strategic positioning for growth, emphasizing their momentum as a result of specific strategies across various business segments.
- However, the commentary also reveals nuances in their operational dynamics and future outlook.
Warren Buffett’s Domino’s Pizza Deal: The Possible Strategy Behind The Recent $550 Million Investment! – Major Drivers
- The recent earnings call for Domino’s Pizza highlighted several key aspects of its financial performance, strategic initiatives, and market dynamics, revealing both promising areas and challenges.
- The company’s Hungry for MORE strategy appears to be yielding positive results domestically, but international markets face significant hurdles.
- Domestically, Domino’s Pizza has successfully leveraged its value-focused Hungry for MORE strategy.
Inside the Buyout Buzz: Why Compass Minerals is Turning Heads on Wall Street!
- Compass Minerals Inc. recently reported its second-quarter fiscal 2024 results.
- The quarter demonstrated significant challenges, primarily attributable to unseasonably mild winter weather conditions across North America.
- The Salt segment, a core part of the company’s operations, was notably affected by these conditions, leading to a substantial decrease in deicing salt sales volumes, ultimately reflecting a 14% decline in segment revenue and a 7% drop in adjusted EBITDA compared to the previous year.
Is AST SpaceMobile Losing Its Shine? Reddit’s Darling Faces Tough Questions After Losses! – Major Drivers
- AST SpaceMobile recently reported a challenging Q3, with widened losses overshadowing its operational progress.
- The company, which is transitioning from research and development (R&D) to commercial operations, highlighted key advancements such as the successful launch and activation of five Block 1 BlueBird satellites.
- These satellites are integral to AST SpaceMobile’s mission of creating a space-based cellular broadband network that directly connects with mobile phones without modification, addressing global connectivity gaps.
Intuitive Machines’ Lunar Empire Takes Shape: Record Revenues and NASA Milestones! – Major Drivers
- Intuitive Machines presented a positive third-quarter 2024 performance with considerable revenue growth and strategic achievements.
- The company reported revenue of $58.5 million, marking more than a fourfold increase compared to the same quarter last year.
- This increase was driven by their core service pillars of delivery, data transmission, and infrastructure as services, coupled with key contract awards such as the Near Space Network Services (NSNS), valued up to $4.82 billion over a decade.
Intuitive Machines’ Lunar Empire Takes Shape: Record Revenues and NASA Milestones! – Major Drivers
- Intuitive Machines presented a positive third-quarter 2024 performance with considerable revenue growth and strategic achievements.
- The company reported revenue of $58.5 million, marking more than a fourfold increase compared to the same quarter last year.
- This increase was driven by their core service pillars of delivery, data transmission, and infrastructure as services, coupled with key contract awards such as the Near Space Network Services (NSNS), valued up to $4.82 billion over a decade.
SYM: Celebrating an Accounting Nightmare
- SYM reported fiscal fourth quarter results that at first glance were better than expected, but really included several accounting events that seem to hide how SYM had a poor quarter.
- Along with the quarterly results, SYM disclosed a restatement of prior quarterly results where $39.1 million of high-margin revenue was transferred to the fourth quarter.
- When we initiated coverage of SYM we were worried about the timing of revenue associated with Walmart (WMT) and not anticipating an accounting mess.
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