Mike

Professional Trader • Market Intelligence • Nothing Posted Constitutes Investment Advice

[Mike @NYSElydone]

I am so fortunate and grateful to have such a wonderful and dedicated group who are eager to learn!

https://t.co/F76A1oSnJ6

[Mike @NYSElydone]

Notable Research/Data

$TTD downgraded from Market Perform to Underperform @ RAJA
$TTD downgraded from Buy to Hold W/ $16 PT (from $35) @ Truist
$TTD downgraded from Buy to Neutral W/ $12 PT (from $25) @ GUGG
$NET Maintain OW, raise ests and PT to $375 after results @ KEYB
$NET PT raised from $300 to $355, maintains Overweight @ BARC
$TEAM Raise PT to $185 after posted very strong FQ4 results across the board @ KEYB
$MU Lower PT to $1,150 from $1,400 and adjust DRAM/NAND pricing @ Citi

8:30 AM ET Nonfarm Payrolls for July…est.+80K (prior +57K)
8:30 AM ET Private Payrolls for July…est. +78K (prior +49K)
8:30 AM ET Manufacturing Payrolls for July…est. +4K (prior +3K)
8:30 AM ET Unemployment Rate for July…est. 4.2%
8:30 AM ET Average Hourly Earnings for July…est. +0.3% m/m

[Mike @NYSElydone]

Notable Research/Data

$WDC downgraded from Buy to Hold @ Summit
$SNDK PT lowered to $2100 from $2500 @ CITI
$SNDK PT lowered to $1400 from $1620 @ Wells
$SNDK PT lowered to $1900 from $2200 @ Mizuho
$APP Downgrade to Neutral (from OW), PT $385 (from $665) @ Piper
$APP Downgrade to Equalweight from Overweight; PT $357 @ Wells

8:30 AM ET Weekly Jobless Claims…est. 202K
8:30 AM ET Continuing Claims…est. 1.79M
8:30 AM ET Nonfarm productivity for Q2…est. +0.6%
8:30 AM ET Unit Labor Costs for Q2…est. +2.1%
10:00 AM ET Wholesale Inventory M/M for June…est. +0.3%

[Mike @NYSElydone]

Notable Research/Data

$AMD Reiterate Buy and PT $635 @ Stifel
$AMD PT to $700 from $615 @ Wells
$SPCX reiterate outperform; PT $200 @ Mizuho
$SPCX PT to $240 from $225 @ JPM

8:15 AM ET ADP Private Payrolls for July…est. 70K (prior 98K)
9:45 AM ET S&P Global Composite PMI, July-final…prior 53.6
9:45 AM ET S&P Global Services PMI, July-final…prior 53.6
10:00 AM ET ISM Non-Manufacturing for July…est. 54.5 (prior 54)

[Mike @NYSElydone]

Notable Research/Data

$SKHY new Outperform @ WBLR
$SKHY Initiate Buy and PT $240 @ Stifel
$SKYH new Outperform W/ $200 PT @ RBC
$PLTR upgraded to Buy; PT $200 @ DBAB
$PLTR PT raised to $245 from $200 @ CITI

8:30 AM ET International trade for June…est. (-$73.0B)
8:30 AM ET Advance Goods trade Balance for June…est. prior (-$101.5B)
8:55 AM ET Johnson/Redbook Weekly Sales
10:00 AM ET Factory Orders M/M for June…est. +0.2%
10:00 AM ET JOLTs Job Openings for June…est. 7.4M (prior 7.594M)

[Mike @NYSElydone]

Notable Research/Data

$MSFT added to US conviction list @ GSCO
$CRCL downgraded to Underweight from Equal Weight and cut PT to $38 from $106 @ MSCO

9:45 AM ET S&P Global Manufacturing PMI, July-flash...53.8
10:00 AM ET Construction Spending for June...est. +0.2%
10:00 AM ET ISM Manufacturing PMI for July...est. 54.0 (prior 53.3)

[Mike @NYSElydone]

Notable Research/Data

$CRWV more bullish signals this week @ Truist
$AMD PT raised from $540 to $660, maintains Buy @ Melius
$AMD PT raised from $515 to $640, maintains Buy @ JEFF
$AMD Reiterate Buy with PT $635 after attending Ai event @ Stifel
$INTC PT $150, neutral @ GSCO

9:45 AM ET S&P Global Manufacturing PMI, June-flash…est. 54.3
9:45 AM ET S&P Global Services PMI, June-flash…est. 51.5
9:45 AM ET S&P Global Composite PMI, June-flash
10:00 AM ET New Home Sales M/M for June…est. 610K

[Mike @NYSElydone]

Notable Research/Data

$GOOGL Reiterate Outperform and Top Pick; increase target price to $465 @ BMO
$GOOGL PT reduced from $445 to $400, maintains Outperform @ OPCO
$GOOGL Reiterate Buy, $447 PT after results @ Citi
$GOOGL PT lowered to $395 from $445 @ Piper
$GOOGL PT lowered to $379 from $400 @ JEFF
$AMD Reiterate Buy, raise PT to $685 (from $485) as Anthropic adds new 2GW anchor @ Benchmark
$SNDK PT raised to $3250 from $3050 @ SUSQ
$TSLA Reiterate Buy and PT $508 after results @ Stifel
$NOW PT raised to $248 from $236 @ Bern

8:30 AM ET Weekly Jobless Claims…est. 212K
8:30 AM ET Continuing Claims…est. 1.807M
8:30 AM ET National Activity index for June
10:30 AM ET Weekly EIA Natural Gas Inventory Data
11:00 AM ET Kansas City Fed Manufacturing for July

[Mike @NYSElydone]

Notable Research/Data

$FLNC upgraded to Buy from Neutral; PT $24 @ CITI
$INFQ initiated at Buy @ Hallum
$SNDK PT raised to $1620 from $1250 @ WELLS

10:30 AM ET Weekly DOE Inventory Data
1:00 PM ET US Treasury to sell $13B in 20-year notes

[Mike @NYSElydone]

Notable Research/Data

$ADBE downgraded from Equal Weight to Underweight W/ $240 PT (from $365) @ MSCO
$CRM downgraded from Overweight to Equal Weight W/ $185 PT (from $287) @ MSCO
$LITE upgraded to Overweight from Equalweight; PT $1,000

8:55 AM ET Johnson/Redbook Weekly Sales

[Mike @NYSElydone]

Notable Research/Data

$NFLX PT reduced from $120 to $75, maintains Buy @ GUGG
$NFLX downgraded from Add to Neutral W/ $75 PT @ KGI
$ASTS upgraded form Neutral to Buy W/ $85 PT @ BRiley
$NFLX PT reduced from $118 to $85, maintains Overweight @ JPMC
$NFLX PT reduced from $120 to $93, maintains Buy @ Redburn
$AAPL upgraded from Hold to Buy W/ $366 PT (from $260) @ HSBC
$NFLX PT reduced from $110 to $94, maintains Buy @ GSCO

8:30 AM ET Housing Starts M/M for June…est. 1.31M
8:30 AM ET Building Permits M/M for June…est. 1.4M
8:30 AM ET Import Prices M/M for June…est. (-0.7%)
8:30 AM ET Export Prices M/M for June…est. (-0.4%)
9:15 AM ET Industrial Production M/M for June…est. +0.2%
9:15 AM ET Capacity Utilization for June….est. 76.2%
10:00 AM ET University of Michigan Confidence, July-prelim…est. 51.0
10:00 AM ET University of Michigan 1-yr and 5-yr inflation expectations

[Mike @NYSElydone]

Notable Research/Data

$AVAV upgraded from Market Perform to Outperform W/ $210 PT @ RAJA
$LITE opening upside catalyst watch ahead of earnings @ Citi
$META assumed Neutral, PT $671 @ Wedbush
$GOOGL assumed Outperform, PT $445 @ Wedbush
$AMZN assumed Outperform, PT $293 @ Wedbush

8:30 AM ET Weekly Jobless Claims…est. 217K
8:30 AM ET Continuing Claims…est.1.815M
8:30 AM ET Philly Fed Business Survey for July…est. 13.0
8:30 AM ET Retail Sales M/M for June…est. +0.2% (prior +0.9%)
8:30 AM ET Retail Sales – Less Autos for June…est. (-0.1%)
10:00 AM ET Business Inventory M/M for May…est. +0.3%
10:00 AM ET Pending Home Sales M/M for June…est. (-0.5%)
10:00 AM ET NAHB Housing Market Index for July…est. 35

[Mike @NYSElydone]

Join @TraderSean_V and I for another week of action!

https://t.co/KrT7JqJBv5

Password: fireworks

[Mike @NYSElydone]

Notable Research/Data

No Notable Research

8:30 AM ET NY Empire Fed Manufacturing for July…est. 8.8
8:30 AM ET (PPI) headline M/M for June…est. +0.0% (prior +1.1%)
8:30 AM ET (PPI) headline Y/Y for June…est. +6.2% (prior +6.5%)
8:30 AM ET PPI core M/M for June…est. +0.4% (prior +0.4%)
8:30 AM ET PPI core Y/Y for June…est. +5.2% (prior +4.9%)

[Mike @NYSElydone]

Notable Research/Data

$AAPL downgraded from Sector Weight to Underweight W/ $250 PT @ KEYB
$FCEL upgraded to Buy; PT $27 @ UBS
$INTC PT raised to $155 from $110 @ KEYB
$MU PT raised to $1750 from $1600 @ KEYB
$AMD PT raised to $725 from $530 @ KEYB
$SPCX initiated Outperform; PT $230 @ Evercore
$SKHY initiated Overweight; PT $330 @ BARC
$IBM cut to reduce from hold; PT 191 @ HSBC

8:30 AM ET (CPI) headline M/M for June…est. (-0.1%) vs. prior +0.5%
8:30 AM ET (CPI) headline Y/Y for June…est. +3.8% (prior +4.2%)
8:30 AM ET CPI M/M for June…est. +0.2% (prior +0.2%)
8:30 AM ET CPI core Y/Y for June…est. +2.8% (prior +2.9%)
8:55 AM ET Johnson/Redbook Weekly Sales
11:00 AM ET Cleveland Fed CPI for June

[Mike @NYSElydone]

Notable Research/Data

$CRM downgraded from Overweight to Sector Weight @ KEYB
$BE Reiterate Outperform, PT $310 @ Baird

8:30 AM ET Weekly Jobless Claims
8:30 AM EST Continuing Claims
10:00 AM ET Existing Home Sales M/M for June
1:00 PM ET US Treasury to sell $22B in 30-year notes

[Mike @NYSElydone]

Notable Research/Data

$DELL PT raised to $500, Outperform @ Evercore

10:00 AM ET Wholesale Inventory M/M for May
10:30 AM ET Weekly EIA Inventory Data

[Mike @NYSElydone]

Notable Research/Data

$FSLR Upgrade to Buy, $272 PT @ DBAB
$SPCX Initiated at Buy and $190 PT @ Stifel
$SPCX Initiate with a Buy, $255 PT @ DBAB
$SPCX new Outperform W/ $225 PT @ RBC
$SPCX new Buy W/ $210 PT @ UBS
$SPCX new Outperform W/ $239 PT @ Bernstein
$SPCX new Buy W/ $205 PT @ GSCO
$SPCX Initiate with a Buy, $200 PT @ Citi
$SPCX Initiate with strong buy, $800 PT @ RAJA

8:30 AM ET International Trade for May
8:30 AM ET Advance Goods Trade Balance for May
8:55 AM ET Johnson/Redbook Weekly Sales

[Mike @NYSElydone]

Notable Research/Data

$AMD - PT to $640 from $450, maintain buy rating @ GSCO
$MU adding upside catalyst, $QCOM adding downside catalyst in semis and semi Equipment preview $SMH @ Citi

9:45 US Services PMI
10:00 ISM Services

[Mike @NYSElydone]

Sale is LIVE! https://t.co/oDralXWw8X

[Mike @NYSElydone]

Notable Research/Data

$INFQ new Buy W/ $22 PT @ Canaccord
$PLTR upgraded from Neutral to Buy W/ $175 PT @ DADA
$META Reiterate Buy, $850 PT as Meta Compute unlocks capacity and FCF @ Citi
$CRWV Reiterate an Outperform rating and $150.00 price target @ Evercore

8:30 Weekly Jobless Claims est. 220K
8:30 NFP Employment Report est. 115K
8:30 Unemployment Rate est. 4.3%
10:00 Factory Orders est. -1.3%