JL

[The Kobeissi Letter @KobeissiLetter]

BREAKING: Palantir stock, $PLTR, surges over +8% after reporting stronger than expected earnings.

[The Kobeissi Letter @KobeissiLetter]

Corporate insiders have rarely been this bearish:

Just 14.8% of US companies have recorded more insider purchases than sales so far in July, on track for the lowest monthly reading in at least 21 years.

This percentage has declined -12.0 points since February and now stands ~7.0 points below the 10-year average of ~25%.

By comparison, ~44% of firms saw insider purchases exceed sales in January 2022.

The weakness is broad-based, with only 3 sectors, consumer staples, materials, and utilities, seeing net executive purchases.

Among large-cap companies specifically, just 3.2% recorded net purchases.

Corporate executives are becoming increasingly cautious.

[Serenity @aleabitoreddit]

Just some interesting takeaways from $FORM earnings call on CPO:

Since they attributed systems revenue nearly doubled due to: "accelerating growth in co-packaged optics or CPO".

Q1 2026: "we now expect 2026 CPO revenues to come in at the high end of the $10 million to $20 million range"

Q2 2026 (now): "expect to exceed that range by the end of the third quarter, and to significantly exceed the $20 million level for the year overall."

Management stated "We’re seeing some significant acceleration in this [CPO] business".

Q: CPO adoption outlook. Are we perhaps expecting the timeline to accelerate a little bit?

A: "What I would say is there’s acceleration here in the very short term." But management stated there's not a significant pull-in on timelines.

Citing production infrastructure (not just R&D) for:

- The growing volumes of CPO chips planned for later this year + test insertion for scale-up and scale-out switches.
- Seems like that CPO piece flows through $TSM COUPE [ likely maps to $NVDA CPO products] - "The CPO piece does flow through that 10% customer"

So now, test is ramping given management cited growing volumes of CPO chips.

"The rapid recent growth of our CPO business is an exciting development, which we believe represents the very early stages of widespread adoption of silicon photonics in the broader semiconductor industry"

TLDR: Fundamentally, CPO as a theme is very early, and should start to go brrr soon since it's starting to show up in earnings now (equipment/test players usually appear up first before optical engines / laser volumes ramp).

Personally once all the deleveraging stops, I think markets will start to care more.

[*Walter Bloomberg @DeItaone]

BITCOIN BOTTOM? NOT YET

Bitcoin has lost over $1.3 trillion in value, but many crypto veterans believe the bottom is still months away.

Key indicators point to a potential floor around $50,000-$53,000, with the bear market possibly lasting until September.

Analysts say the real buying opportunity comes after forced selling fades—not during the panic.

[JL @BloooMBets]

For reference my normal play vs “non-hijacked”

[JL @BloooMBets]

My @bookmaker_eu was compromised and the user maxed out every credit card without any csv needed. and gambled it away. Support won’t help and there’s no 2FA or account security. Please do not leave large amounts on the platform and do not save your payment info on the site.

[JL @BloooMBets]

@bookmaker_eu for reference here’s my normal play and my “non hijacked” play

[JL @BloooMBets]

@bookmaker_eu for reference I don’t play casino and the hacker was involved with 20000 blackjack hands. Here’s my normal play vs the “non hijacked” play.

[EvenSteven @evenstevengg]

classic @bet_105 pulling their stuff again

what was that earlier they said about themselves...?

[JL @BloooMBets]

@liuiam13 @bet_105 @bet_105 I’m not the only one I see

[liuiam13 @liuiam13]

@bet_105 pulling some massive shady stuff. Voided a -136 bet when odds were -500 live due to mispriced line. The bet ended up losing and they un-voided it and settled it as a loss. Read below

[JL @BloooMBets]

Hey @bet_105 , I need an explanation on two bets (0567NUHPXJOJZ & 02NHB9WCA1BUN). Support claimed they were voided for "wrong lines" while Sinner was winning, but then settled them as losses and took my funds. How can a "voided" bet result in a loss? Please fix this.

[JL @BloooMBets]

@Kalshi hello??? Cardi obviously performed. @DraftKings and @Polymarket paid out

[Underdog NBA @UnderdogNBA]

Trade summary, per @ShamsCharania:

Nets get - Hunter Tyson, second-round pick
Nuggets get - second-round pick, out of luxury tax

[JL @BloooMBets]

@parlay_play i guess its judgement morning and not day :'^)

[JL @BloooMBets]

@parlay_play where's the promo??

[JL @BloooMBets]

@parlay_play wehred this go :O

[JL @BloooMBets]

@BetterGolfOdds how do i deposit? dm me