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INTERACTIVE BROKERS
Warm-Up
- OBBBA written into law!
- Big week for Coney Island
- The American Party - Musk taking a shot
- Amazon Prime Day (Prime Week) happening
- BIG WIN FOR US AT AIRPORTS!
Markets
- ATH before the July 4th break
- Jobs numbers - a bit surprising
- Tariff threats are back - full court press is on!
-- Letters are going out!
- NVDA - History in the making
THE WINNER OF THE CTP - Something that never happened before!
Earnings Season
According to Factset:
- During the second quarter, analysts reduced earnings-per-share (EPS) estimates by a wider margin than usual.
- The bottom-up EPS estimate for Q2—which aggregates the median EPS forecasts for all companies in the index—fell by 4.2%, dropping from $65.55 on March 31 to $62.83 by June 30.
- While it’s common for analysts to lower EPS estimates during a quarter, the size of this quarter’s decline stands out. Over the past 5 years (20 quarters), the average quarterly decline in the bottom-up EPS estimate has been 3.0%.
- Over the past 10 years (40 quarters), the average drop was 3.1%, and over the past 15 years (60 quarters), it was 3.2%.
- Only when looking back 20 years (80 quarters) does the average match this quarter’s 4.2% decline.
--- What this means is that easier hurdles to get over for companies that have had their earnings estimates slashed.
ELON
- On July 5, Musk said he would found an "America Party" as an alternative to the Republican and Democratic parties. Musk says the party will focus on "just 2 or 3 Senate seats and 8 to 10 house districts."
- He can't be President, what are his aspirations here?
Joey, Joey, Joey
- Joey Chestnut on Friday regained his longtime title of champion in the Nathan's Famous Hot Dog Eating contest at New York City's Coney Island after he was banned fro
Published on 1 month, 2 weeks ago
