Today We Bounced Back

Tale of the Tape

Good evening everybody. Stocks bounced back like Big Sean as if the last three sessions never happened.

The S&P 500 ramped 2% for its best day in 4 months.

We got the gap up in tech stocks and then they just kept goin’. The Nasdaq 100 closed up 3%.

It was a classic bounce off the rising 50 day moving average we mentioned yesterday.

Apple rallied 4%. Nvidia ripped 6.7%. Paypal roared 4.66%. Microsoft rampaged 4.2%. AMD rickshawed up 4%. Zoom rose 11%. You get the drift…

All sectors closed green. Even Energy, today’s weakest link, rebounded 0.6%.

Peloton raced 6% higher and closed an all-time high. The company reports earnings tomorrow.

Check out the Peloton Earnings Preview here.

S&P 5003,398+2.01%
Russell 20001,526+1.45%
Dow Jones27,940+1.60%

Stocktwits After-Hours

Today on After-Hours:

– Peloton Earnings Preview
– Buffets buying Software?
– Earnings Quick Hitters

🔊 Listen here: Spotify | Apple

Earnings Round-Up

RH, formerly known as Restoration Hardware reported earnings today after the close.

Here are the numbers:

EPS: $4.90 vs $3.34 est.
Revenue: $709.28M (+0.4% Y/Y)

$RH was up double digits after-hours.

The company expects 8-12% revenue growth in the future.

Read the press release here.

Zscaler reported Q4 earnings after the close and they crushed it. The cloud-based web security company saw revenue rise 46% YoY. The stock tripled in the last three months… Incredible.

Here are the results:

EPS: $0.05 vs $0.03 est.
Revenue: $125.9M vs $118.5M est.

The stock was down after hours, but $ZS is up 188% YTD.

How Does $LULU Even Fall?

Sure, go ahead and doubt the stars are fire or that the sun doth move or whatever, but you can never doubt that yoga pants are one of the greatest inventions of all time.

They’re comfy af. 💁🏻‍♀️

The ABC Pants alone might be the single greatest achievement in clothing since the loin cloth.

Fine, $LULU cracked from 398 to 323 in the last 4 trading days and executive management expressed “cautious optimism.” 

So go ahead and liquidate and talk your trash like, “Everybody’s going back to the office so what then?”

Here’s the monthly chart. We’ll check back in a year. 

The great companies always snap back like magical elastic.

Is Lululemon great? We’ll let you decide.

Walmart’s Drones

Walmart announced its pilot program testing automated drones to deliver groceries and household items. Once again proving that it’s not afraid to take shots at Amazon almighty.

The drones carry a max of 6.6lbs up to 6.2 miles and will have a designated landing pad next to Walmart stores. 

Tom Ward, Walmart Senior Vice President of Customer Product said the following,

Today, we’re taking the next step in our exploration of on-demand delivery by announcing a new pilot with Flytrex, an end-to-end drone delivery company.

Flytrex Aviation Ltd is an Israeli startup registered with the Federal Aviation Administration’s Unmanned Aircraft System Integration Pilot Program (IPP).

See the press release here.

Tiffany 🤜 Louis V

LVMH Moët Hennessy Louis Vuitton backed out of its $16.2 billion deal with Tiffany & Co today. Tiffany is not happy and she’s suing.

Here’s Tiffany Chairman, Roger Farah on move,

We regret having to take this action but LVMH has left us no choice but to commence litigation to protect our company and our shareholders

LVMH claims tariff disputes between the US and France prevented the merger, but Tiffany thinks the French company failed to get international antitrust approval. 

$TIF was down 6.5% on the news.

Read more about this boujee brawl here

Earnings Tomorrow

Be sure to know when your stocks report earnings. Here’s the earnings calendar.

Links That Don’t Suck

🧙‍♂️ Pre-Sale: Unknown Market Wizards: The Best Traders You’ve Never Heard Of 

📉 Is This The Pull Back We Needed

🏕 Off-grid retreats hidden in Mallorca’s mountains

📊 Visual Capitalist: Energy Consumption by Source and Country (1969-2018)

🐶 Petco Owners Weighing $6 Billion Sale or Public Offering

🍿 Panic With Friends – Atlanta is positioned to be a top-tier venture city

💵 Burberry Plans Ethical Luxury Investment