1. FANG+ ETF Closes Below 50Day Moving Average….-11% from Highs
2. NVIDIA Closes Below 50-Day…-18% from Highs
3. AI Stock …SMCI -40% from Highs…
4. Tesla -20% from July Run Up
50day never made it thru 200day to upside on chart.
5. EV Inventory 125 Days
6. Chipotle Closes Below 200-Day
Not sure if CMG, UPS, MCD telling us consumers slowing down spending.
7. Shares Of Major French-Fry Supplier Crash As Restaurant Traffic Slowdown Worsens
ZEROHEDGE BY TYLER DURDEN
One of the world’s largest producers and processors of frozen french fries, waffle fries, and other frozen potato products reported fourth-quarter profit and sales that missed estimates. The company also issued a below-consensus full-year adjusted EBITDA outlook due to sliding global restaurant traffic. This is an ominous sign, as elevated inflation and high interest rates are squeezing consumers.
Lamb Weston reported adjusted earnings per share of 78 cents for the fourth quarter ending May 26, which was well below analysts’ expectations tracked by Bloomberg of $1.25. Revenue also missed, coming in at $1.61, versus the average estimated $1.7 billion.
Here’s a snapshot of fourth-quarter earnings (courtesy of Bloomberg):
- Adjusted EPS 78c, estimate $1.25 (Bloomberg Consensus)
- Adjusted Ebitda $283.4 million, estimate $357.4 million
- North America adjusted Ebitda $276.5 million
- Net sales $1.61 billion, estimate $1.7 billion
- North America net sales $1.11 billion, estimate $1.17 billion
- International net sales $498.7 million, estimate $530.7 million
- North America volume -7%
- International volume -9%
- Price/mix +3%, estimate +5.41%
- North America price/mix +3%
- International price/mix +2%
8. Small Cap 600 Forward P/E Gap vs. S&P Got Close to Internet Bubble Levels
Liz Ann Sonders Schwab
9. Blackstone Mortgage REIT Cuts Dividend by 24%
10. The two bicycle errors -Seth Godin Blog
Momentum activities like public speaking, board sports and leadership all share an attribute with riding a bicycle: It gets easier when you get good at it.
The first error we often make is believing that someone (even us) will never be good at riding a bike, because riding a bike is so difficult. When we’re not good at it, it’s obvious to everyone.
The second error is coming to the conclusion that people who are good at it are talented, born with the ability to do it. They’re not, they have simply earned a skill that translates into momentum.
There’s a difference between, “This person is a terrible public speaker,” and “this person will never be good at public speaking.”
And there’s a difference between, “They are a great leader,” and “they were born to lead.”
The thing about momentum activities is that we notice them only twice: when people are terrible at them, and when they’re good at it. That includes the person you see in the mirror.