US equities remain in minor chop mode, if still net higher. WTIC has cooled to $64.71.
sp’60min
VIX’60min
Summary
S/t momentum has turned positive… as most are quietly waiting for TSLA and GOOGL earnings in AH.
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notable stock: ENPH
Earnings (Tues’ AH
EPS 69cents vs 63est. Rev’ y/y +19.7% to $363M vs 359est. Guidance was weak.
… the stock remains abject horror, as red team care little for solar, which simply isn’t competitive.
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notable air taxi: EVTL
… as attention continues to increase in this niche sector.
I’d still favour ACHR or JOBY.
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notable stock: QS
One for the Oct’ shopping list.
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notable steel: CLF
Yes, its s/t overbought, but the recent bullish breakout is what really matters. Beyond the $12s… secondary target 22/23s, as looks probable by next spring. Even the bold will arguably wait until the seasonally weak Sept/Oct’.
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Bonus chart: QBTS
Canaccord, buy, $20
I like the company, but again… not at this time/price.
I really should get up and cook.