Nebius (NASDAQ:NBIS) shares surged more than 8% on Tuesday as investment firm Citron Research pounded the table on the artificial intelligence-focused technology firm and said CEO Arkady Volozh is "the real deal."

"Citron pounding the table that $NBIS is poised to be the next AI Wall Street darling," the research firm wrote on the X social network. "A sleeper with no analyst coverage yet, the market hasn’t caught on to its massive potential—or its undervaluation vs. CoreWeave." Shares have gained nearly 35% over the past month.

Nebius, which was once known as Yandex before it severed ties with the Russian firm, was likened to cloud service provider Coreweave by Citron, which is likely to go public next year.

"If it trades at a 50% discount to Coreweave multiple that puts $NBIS at $60 (napkin math)," Citron added, explaining that Nvidia's (NVDA) investment into Nebius was "not out of the blue."

On Monday, Nvidia was among the backers in a $700M private placement financing round by Nebius. Other investors include Accel and certain accounts managed by Orbis Investments. The financing will help Nebius' plans to further build out its full-stack AI infrastructure.

While there are some signs pointing to a recession in the not so distant future such as the inversion and now re steepening of the yield curve and the sahm rule triggering as well as P/E ratios which are incredibly high. There is also the argument that the government cannot afford a recession at the moment and will not allow one to occur, we are in too much debt and cannot afford these high interest payments meaning that the government will chat interest rates again and spend as much as it needs to to avoid a recession causing hyperinflation and a “great melt up” in all assets, instead of an everything bubble it will be come an everything mega bubble which will last until the end of the decade. I see arguments for both sides and think they both make sense. On one hand government spending is so high and they will keep it that way to avoid a recession, on the other hand this isn’t the first time we’ve had very elevated levels of government spending and they have not been able to prevent a recession in the past and that the indicators I listed earlier have a pretty high accuracy rate. What do you guys think?

Hi! I am an ex-prop shop equity trader.

This is a daily watchlist for trading: I might trade all/none of the stocks listed, and even stocks not listed! I only hold some/all MAG 7 stocks and market indices long-term. If you use Old Reddit, click “Show Images” at the top to expand the charts. Any positions stated aren’t recommendations, I’m following subreddit rules to disclose positions. I use IBKR TWS for my platform and charts.

I am targeting potentially good candidates to day trade; I have no opinion on them as investments. This means the potential of the stock moving today is what makes it interesting, not the business, long-term prospects, or the people involved.

PLEASE ask specific questions and PLEASE don’t ask about earnings because I typically don’t take positions before earnings announcements. Questions like “Thoughts on _____?” or “Why isn’t ___ on the watchlist?” or something answered already will be ignored unless you add detail and your opinion. If you post a question and delete it after I answer it, I will block you- doing that hurts discussion. I am not answering questions if I’m still long or short a stock beyond what I update.

News: South Korea Opposition Party Seeks To Impeach Yoon For Treason

CPNG - Watching the situation in South Korea still, currently long.

FL - Shares fall due to weak consume demand and steep promotions across sneaker marketplace. EPS of .33 vs .41 expected, revenue of $1.96B vs $2.01B expected.

PLTR - (Yesterday's news) Achieved new government security designation, sending stock to ATH. Watching $75 level, but biased short. No position.

OKTA - EPS of .67 vs .58 expected, revenue of $665M vs $650M exp. Success attributed due to investments made in partner ecosystem and public sector vertical.

MP - (Yesterday's news) Moving off of China's ban of key minerals to the US, still worth watching.

Earnings: S, AEO

Washington, D.C.’s attorney general sued Amazon on Wednesday, accusing the company of covertly depriving residents in certain ZIP codes in the nation’s capital from access to Prime’s high-speed delivery.

The lawsuit from AG Brian Schwalb alleges that, since 2022, Amazon has “secretly excluded” two “historically underserved” D.C. ZIP codes from its expedited delivery service while charging Prime members living there the full subscription price. Amazon’s Prime membership program costs $139 a year and includes perks like two-day shipping and access to streaming content.

“Amazon is charging tens of thousands of hard-working Ward 7 and 8 residents for an expedited delivery service it promises but does not provide,” Schwalb said in a statement. “While Amazon has every right to make operational changes, it cannot covertly decide that a dollar in one zip code is worth less than a dollar in another.”

In June 2022, Amazon allegedly stopped using its own delivery trucks to shuttle packages in the ZIP codes 20019 and 20020 based on concerns over driver safety, the suit states. In place of its in-house delivery network, the company relied on outside carriers like UPS and the U.S. Postal Service to make deliveries, according to the complaint, which was filed in D.C. Superior Court.

The decision caused residents in those ZIP codes to experience “significantly longer delivery times than their neighbors in other District ZIP codes, despite paying the exact same membership price for Prime,” the lawsuit says.

Data from the AG shows that before Amazon instituted the change, more than 72% of Prime packages in the two ZIP codes were delivered within two days of checkout. That number dropped to as low as 24% following the move, while two-day delivery rates across the district increased to 74%.

Amazon has faced prior complaints of disparities in its Prime program. In 2016, the company said it would expand access to same-day delivery in cities including Atlanta, Chicago, Dallas and Washington, after a Bloomberg investigation found Black residents were “about half as likely” to be eligible for same-day delivery as white residents.

The ZIP codes in Schwalb’s complaint are in areas with large Black populations, according to 2022 Census data based on its American Community Survey.

The Federal Trade Commission also sued Amazon in June 2023, accusing the company of tricking consumers into signing up for Prime and “sabotaging” their attempts to cancel by employing so-called dark patterns, or deceptive design tactics meant to steer users toward a specific choice. Amazon said the complaint was “false on the facts and the law.” The case is set to go to trial in June 2025.

According to Scwalb’s complaint, Amazon never communicated the delivery exclusion to Prime members in the area. When consumers in the affected ZIP codes complained to Amazon about slower delivery speeds, the company said it was due to circumstances outside its control, the suit says.

The lawsuit accuses Amazon of violating the district’s consumer protection laws. It also asks the court to “put an end to Amazon’s deceptive conduct,” as well as for damages and penalties.

To get packages to customers’ doorsteps, Amazon uses a combination of its own contracted delivery companies, usually distinguishable by Amazon-branded cargo vans, as well as carriers like USPS, UPS and FedEx, and a network of gig workers who make deliveries from their own vehicles as part of its Flex program.

Amazon has rapidly expanded its in-house logistics army in recent years as it looks to speed up deliveries from two days to one day or even a few hours. In July, the company said it recorded its “fastest Prime delivery speeds ever” in the first half of the year, delivering more than 5 billion items within a day.

In relying on its own workforce, Amazon has assumed greater control over its delivery operations.

In his complaint, Schwalb cites an internal company policy that says Amazon may choose to exclude certain areas from being served by its in-house delivery network if a driver experiences “violence, intimidation or harassment.” The company relies on UPS or USPS to deliver packages in excluded areas.

Source: https://www.cnbc.com/2024/12/04/amazon-sued-by-dc-ag-over-excluding-areas-from-prime-delivery.html

General Motors expects a restructuring of its joint venture operations with SAIC Motor Corp. in China to cost more than $5 billion in non-cash charges and writedowns, the Detroit automaker disclosed in a federal filing Wednesday morning.

GM said it expects to write down the value of its joint-venture operations in China by between $2.6 billion and $2.9 billion. It also anticipates another $2.7 billion in charges to restructure the business, including “plant closures and portfolio optimization,” according to the filing.

GM, which previously announced plans to restructure the operations in China, did not disclose any additional details about the expected closures.

“As we have consistently said, we are focused on capital efficiency and cost discipline and have been working with SGM to turn around the business in China in order to be sustainable and profitable in the market. We are close to finalizing our restructuring plan with our partner, and we expect our results in China in 2025 to show year-over-year improvement,” GM said in an emailed statement.

GM said it believes the joint venture “has the ability to restructure without new cash investments” from the American automaker.

A majority of the restructuring costs is expected to be recognized as non-cash, special item charges during the fourth quarter. That means they will impact the automaker’s net income, but not its adjusted earnings before interest and taxes – a key metric monitored by Wall Street.

GM’s operations in China have shifted from a profit engine to liability in the past decade as competition grows from government-backed domestic automakers fueled by nationalism, and as a generational shift in consumer perceptions of the automotive industry and electric vehicles takes hold.

Equity income from GM’s Chinese operations and joint ventures peaked at more than $2 billion in 2014 and 2015.

GM’s market share in China, including its joint ventures, has plummeted from roughly 15% as recently as 2015 to 8.6% last year — the first time it has dropped below 9% since 2003. GM’s equity income from the operations have also fallen, down 78.5% since peaking in 2014, according to regulatory filings.

GM’s U.S.-based brands such as Buick and Chevrolet have seen sales drop more than its joint venture sales with SAIC Motor, Wuling Motors and others. The joint venture models accounted for about 60% of its 2.1 million vehicles sold last year in China.

Prior to this year, the only quarterly losses for GM in China since 2009 were a $167 million shortfall during the first quarter of 2020 due to the coronavirus pandemic and an $87 million loss during the second quarter of 2022.

The Detroit automaker has reported three consecutive quarterly losses in equity income for its Chinese operations this year, totaling $347 million. That includes a loss of $137 million during the third quarter.

Source: https://www.cnbc.com/2024/12/04/gms-expects-more-than-5-billion-impact-from-china-restructuring-including-plant-closures.html

Let's talk about the french CAC 40 index.

In a few hours, barnier's government will collapse as a no confidence motion has been put forward.

As such the budget he passed using article 49.3 will be rejected, france will fall in further political chaos as far left and far right will fight for the government and france's deficit of 6.1% of gdp will grow larger.

Also note the french economy contracted severely last month as pmi data showed clearly.

What's the market reaction this terrible news? 4 days of consecutive gains and today its 0.50% higher as well.

Whats the reasoning here? Am I not getting something?

The german index is another wonder as well, germany has been effectively in recession for 2 years but its doing ATH.

These daily discussions run from Monday to Friday including during our themed posts.

Some helpful links:

• Finviz for charts, fundamentals, and aggregated news on individual stocks
• Bloomberg market news
• StreetInsider news:
  • Market Check - Possibly why the market is doing what it's doing including sudden spikes/dips
  • Reuters aggregated - Global news

If you have a basic question, for example "what is EPS," then google "investopedia EPS" and click the investopedia article on it; do this for everything until you have a more in depth question or just want to share what you learned.

Please discuss your portfolios in the Rate My Portfolio sticky..

See our past daily discussions here. Also links for: Technicals Tuesday, Options Trading Thursday, and Fundamentals Friday.

With Pat Gelsinger retiring, the company is once again searching for a CEO who can steer it through its challenges.

Who do you think Intel needs next as CEO, and why? Should it be an insider with deep technical expertise or someone from outside with a fresh perspective? How do you think the leadership transition will unfold in the coming months/years?

Here’s a quick summary of Intel’s past CEOs, their departures, and the criticisms they faced, for reference:

Questions to consider:

• What should Intel prioritize in its next CEO: technical skills, operational expertise, or a focus on profitability?
• What qualities or background should this leader have to address Intel's challenges?
• How do you think this transition will impact Intel’s market position and stock performance?

Let’s look back in the future to see how close we were!

I am always looking for small/mid-cap companies that have a similar business model or product as large cap competitors!

I’ll start by naming a few (large-cap and small-cap) companies:

• CRWD and S
• COST and BJ
• KR and SFM
• CMG and CAVA
• MNST and CELH
• SBUX and BROS
• Space X and RKLB (count it)

I always love seeing the small caps slowly take a piece of the pie from the big boys. It’s what capitalism is all about. Especially fun to see when the little guy has a better product. I think this is the case for almost all of the companies I listed. If they aren’t flat out better, they offer something slightly different, or are better in a certain way.

These smaller cap stocks are obviously a bigger risk, since a lot of them still are not making money, but the growth is very appealing.

Would love to hear some comparisons like this and an explanation as to why you think the smaller company is better, or will continue to grow.

Appreciate any responses! The stock market is a wonderful place for some competition.

Also, it’s my cake-day!

I love Costco, the stores are awesome and they have everything but i feel the stock has gotten out of control.

The PE is 59! you are paying $59 for every $1 they earn. Thats just irresponsible investing.

They are expanding across Asia but they are also facing stiff competition from home base Chinese companies. And one thing china is very good at: copying everyone else and selling stuff for cheap to eliminate competition. Im not saying Costco will fail but it wont be easy for them outside the US.

Lastly we have the tariff situation. The proposition is a 10% tariff on Chinese goods and a 60% tariff on Chinese imports. This is a bit of a problem because Costco is the #12 importer in the US for 2024. Most common origin is China. Walmart got smart and started to protect themselves and reducing Chinese imports but Costco and their business model, will have a much harder time navigating with keeping the prices attractive.

https://oec.world/en/profile/company/costco-wholesale

https://www.importgenius.com/importers/costco

All their top trading partners are Chinese companies.

Costco sells ALOT of electronics and appliances, its one of their biggest categories. If a TV cost $1000 today, staring Jan 20th(day one in office) it will cost $1600. Appliances going up $100's of dollars is hyper inflation and people are already stretched thin going into the holidays.

Im really looking forward to this upcoming earnings release and how they will guide going forward. I guarantee you all the analyst questions will be about tariffs and profit margins.

Costco's profit margin for fiscal 2023 was 2.6%. Costco's profit margin for 2024 was 2.9%. They can only raise the membership and prices so much before people starting shopping elsewhere.

Let's suppose that a few financial analysts have evaluated the intrinsic value of the shares of company X. By "intrinsic", I mean not only the value of the company underlying assets (tangible and intangible) minus liabilities but also any other type of fundamental analysis. By consensus, the intrinsic value was estimated at $1 per share.

However, the market value is $0.70. In other words, the stock is being sold at a discount. Is there any kind of arbitrage that forces the market price to converge towards the intrinsic value? I haven't yet found any reason that would encourage the increase in the market price beyond the usual speculation. Even if the stock has an intrinsic value of $1, shareholders cannot liquidate it outside the secondary market...

Arbitrage in derivatives markets is easier to understand. Suppose the market price of gold is M. To secure this price in the future, an investor can buy a gold call option at a price P (strike price), where M = P on the date of purchase of the option. After some time, the market price of gold is M+N. Consequently, the option has gained a value of N, that is: it can be sold directly for N to another investor. Even if there is no liquidity in the derivatives market to sell the option for N, the investor can exercise the right to buy gold for P and sell the gold in the spot market for M+N. From this exercise, he would obtain the same N.

In the equity market, I don't see a similar way for an investor to liquidate the intrinsic value of the stock. It doesn't make much sense either. So, there's only speculation left. If that's really the case, it's quite problematic. As a famous economist said: "Markets can remain irrational longer than you can remain solvent."

Salesforce shares were up 8% on Tuesday after the company reported its fiscal third-quarter earnings, reporting revenue and fiscal fourth-quarter guidance that exceeded analysts’ expectations.

Here is how the company did compared to what Wall Street was expecting, based on a survey of analysts by LSEG:

• Earnings per share: $2.41 adjusted vs. $2.44 expected
• Revenue: $9.44 billion vs. $9.34 billion expected

The company’s revenue grew 8% year-over-year during the fiscal third quarter, which ended on Oct. 31. Its net income was $1.5 billion in the quarter, up 25% from $1.2 billion a year ago.

Salesforce said that it is expecting fiscal fourth-quarter sales to come in between $9.90 billion to $10.10 billion. Analysts were projecting $10.05 billion in fourth-quarter sales.

The company said that it expects an earnings per share between the range of $2.57 and $2.62 in the fourth-quarter, compared to analysts’ expectations of $2.65.

Salesforce also raised the low end of its revenue guidance for its fiscal 2025 to come between $37.8 billion and $38 billion. That’s up slightly from $37.7 billion to $38 billion previously. The new range puts the mid point for Salesforce’s fiscal 2025 revenue guidance at $37.9 billion, ahead of analysts’ expectations of $37.86 billion.

“We delivered another quarter of exceptional financial performance across revenue, margin, cash flow, and cRPO,” Salesforce CEO Marc Benioff said in a statement. “Agentforce, our complete AI system for enterprises built into the Salesforce Platform, is at the heart of a groundbreaking transformation.”

The company in August announced that CFO Amy Weaver would step down from her role as chief financial officer but remain in the position until the company appoints a successor, after which she will become an advisor. That same month, activist investor Starboard Value revealed that it boosted its position in Salesforce by roughly 40% in the second quarter following the firm issuing a letter earlier in the year saying that Salesforce was continuing to move “in the right direction” in regards to improving its profit margin.

Starboard Value released a presentation in October in which it noted that Salesforce “can continue to become more efficient and more profitable.”

Source: https://www.cnbc.com/2024/12/03/salesforce-crm-q3-earnings-report-2025.html

(Reuters) - Chipmaker Marvell Technology forecast fourth-quarter revenue above estimates on Tuesday, betting on robust demand for its custom artificial intelligence chips from businesses adopting booming generative AI technology.

Shares of the Santa Clara, California-based company rose more than 8% in extended trading following the results. The stock hit a record high during Tuesday's trading session.

Marvell's shares have risen nearly 60% this year as Wall Street pours billions of dollars into AI-linked stocks, placing huge bets on the future of genAI technology.

https://ca.finance.yahoo.com/news/marvell-forecasts-fourth-quarter-revenue-221416119.html

So if you had a large chunk of money, and don’t want very much risk, but also want to receive a dividend. Is KO (coca cola) the best choice? If I can get the dividend to be a certain amount for myself while taking on minimal risk, to me it seems logical. Anyone else invested? Do you pocket the dividends or reinvest?

The Japanese automaker is facing severe financial challenges and may run out of cash within 12 months, putting it on the brink of bankruptcy.

Apple, with its bold ambitions to enter the electric vehicle (EV) market, has already invested over $10 billion in R&D for the Apple Car. Despite canceling the project earlier this year, that investment exceeds Nissan's current valuation.

Partnering with Nissan could help Apple overcome the manufacturing hurdles it faced with its EV project. Nissan has proven expertise, having produced the Nissan Leaf, the best-selling non-Tesla EV of all time.

The global EV market is one of the fastest-growing industries, projected to double by 2030. By acquiring Nissan, Apple could transform its vehicles into sleek, cutting-edge products that seamlessly integrate into the Apple ecosystem.

This move would allow Apple to directly challenge Tesla, reinforcing its position as the world’s most valuable company, ahead of competitors like NVIDIA and Microsoft.

Palantir Technologies Inc. (NASDAQ: PLTR) today announced that it has been granted FedRAMP High Authorization for Palantir Federal Cloud Service (PFCS) and Palantir Federal Cloud Service - Supporting Services (PFCS-SS). These authorizations cover the entirety of Palantir’s product offerings and programs—including AIP, Apollo, Foundry, Gotham, FedStart, and Mission Manager—and therefore enable Palantir to provide any of its product offerings to the U.S. Government at the FedRAMP High baseline.

FedRAMP is a government-wide program that promotes the adoption of secure cloud services across the federal government by providing a standardized approach to security and risk assessment for cloud technologies and federal agencies. This High authorization builds on Palantir’s previous FedRAMP Moderate and DoD IL5 and IL6 authorizations, and enables the U.S. government to process the most sensitive unclassified workloads in Palantir’s cloud offering.

“We’re proud to have achieved the FedRAMP High milestone for our full product suite, including our award-winning AI Platform (AIP), which is transforming the speed, scale, and efficiency with which the US Government can operate across civilian, defense, and intelligence agencies. With the addition of the PFCS-SS FedRAMP High offering, Palantir is excited to accelerate our work with other technology partners—big and small, government or commercial—to enable their technology to be securely operated on behalf of USG missions,” said Akash Jain, CTO and President of Palantir USG. “This milestone is an affirmation of our ongoing commitment to upholding the highest security standards and being trusted to handle our government partners’ most sensitive data and workloads, as well as our commitment to enabling the entire American technology base to support critical government needs.”

Source: https://www.businesswire.com/news/home/20241203054493/en/Palantir-Granted-FedRAMP-High-Baseline-Authorization

Hi! I am an ex-prop shop equity trader.

This is a daily watchlist for trading: I might trade all/none of the stocks listed, and even stocks not listed! I only hold some/all MAG 7 stocks and market indices long-term. If you use Old Reddit, click “Show Images” at the top to expand the charts. Any positions stated aren’t recommendations, I’m following subreddit rules to disclose positions. I use IBKR TWS for my platform and charts.

I am targeting potentially good candidates to day trade; I have no opinion on them as investments. This means the potential of the stock moving today is what makes it interesting, not the business, long-term prospects, or the people involved.

PLEASE ask specific questions and PLEASE don’t ask about earnings because I typically don’t take positions before earnings announcements. Questions like “Thoughts on _____?” or “Why isn’t ___ on the watchlist?” or something answered already will be ignored unless you add detail and your opinion. If you post a question and delete it after I answer it, I will block you- doing that hurts discussion. I am not answering questions if I’m still long or short a stock beyond what I update.

News: China Bans Germanium Gallium Exports To Us In Tit For Tat Move

TSLA - Musk's pay package once again rejected by Delaware judge. Watching $350 level, biased short but no position. I am watching the $360 level.

X - Pres #47 states that he is against the company being bought by Nippon Steel or any other foreign company.

ZS - Beat on earnings, EPS of .77 vs .63 exp, and revenue of $628M VS $606M. Selloff attributed to in-line revenue guidance not being as robust as expected.

MP - Moving off of China's ban of key minerals to the US.

CPNG- Moving off of martial law declared in SK, will likely be the best choice for trading any news related to SK.

Earnings: CRM, OKTA, MRVL, BOX

This is the daily discussion, so anything stocks related is fine, but the theme for today is on technical analysis (TA), but if TA is not your thing then just ignore the theme.

Some helpful day to day links, including news:

• Finviz for charts, fundamentals, and aggregated news on individual stocks
• Bloomberg market news
• StreetInsider news:
  • Market Check - Possibly why the market is doing what it's doing including sudden spikes/dips
  • Reuters aggregated - Global news

Technical analysis (TA) uses historical price movements, real time data, indicators based on math and/or statistics, and charts; all of which help measure the trajectory of a security. TA can also be used to interpret the actions of other market participants and predict their actions.

The main benefit to TA is that everything shows up in the price (commonly known as "priced in"): All news, investor sentiment, and changes to fundamentals are reflected in a security's price.

TA can be useful on any timeframe, both short and long term.

Intro to technical analysis by Stockcharts chartschool and their article on candlesticks

If you have questions, please see the following word cloud and click through for the wiki:

Indicator - Trade Signals - Lagging Indicator - Leading Indicator - Oversold - Overbought - Divergence - Whipsaw - Resistance - Support - Breakout/Breakdown - Alerts - Trend line - Market Participants - Moving average - RSI - VWAP - MACD - ATR - Bollinger Bands - Ichimoku clouds - Methods - Trend Following - Fading - Channels - Patterns - Pivots

See our past daily discussions here. Also links for: Technicals Tuesday, Options Trading Thursday, and Fundamentals Friday.

Hi guys. If you could please help me out i’d be very grateful. My grandmother passed recently. My father, who was her POA found some stock certificates (old paper ones) for GE ranging from 25-35 years ago.

She got dementia 3 or 4 years ago and forgot all the details of her life. I was told to have my dad call the share owner services which he did. The only info they would give is that my grandmothers account or stocks are “inactive”. That’s the only info other than if he wanted more information he has to mail copy of death certificate, POA form , etc.

If what i found on google is correct , it sounds like the stocks were escheated, but we don’t know the next step from there. She lived in CT and FL, then back to CT after she got sick. We just don’t know the process at all. Any info would be very much appreciated. thankyou

Rivian's potential $6.6 billion DoE loan catches eye of Musk-Ramaswamy's DOGE – rivianist

It appears to have started. The goal seems to be the utilization of government resources to establish a monopoly.

The question is whether there are checks and balances left in place to at least slow down such widespread corruption?

He is pushing hard to be the first( and the biggest) oligarch in the United States.

Can anything positive come out of this ?

Just released on the Department of Defense contracts website:

Raytheon Technologies Corp., Pratt and Whitney Military Engines, East Hartford, Connecticut, is awarded a not-to-exceed $1,307,562,308 cost-plus-incentive-fee, cost-plus-fixed-fee, fixed-price-incentive-fee modification (P00062) to a previously awarded contract (N0001921C0011). This modification exercises an option to provide recurring depot level maintenance and repair, sustainment support,  program management, financial and administrative activities, propulsion integration, replenishment spare part buys, engineering support, material management, configuration management, product management support, software sustainment, security management, joint technical data updates, and support equipment management for all fielded F135 propulsion systems at the F-35 production sites and operational locations, to include training in support of the F-35 Lightning II aircraft for the Air Force, Marine Corps, Navy, Foreign Military Sales (FMS) customers, and non-U.S. Department of Defense (DOD) participants. Work will be performed in East Hartford, Connecticut (40%); Oklahoma City, Oklahoma (21%); Indianapolis, Indiana (12%); West Palm Beach, Florida (6%); Windsor Locks, Connecticut (6%); Brekstad, Norway (4%); Leeuwarden, Netherlands (3%); Iwakuni, Japan (3%); Williamtown, Australia (2%); Cameri, Italy (1%); Marham, United Kingdom (1%); and Fort Worth, Texas (1%), and is expected to be completed in November 2025. Fiscal 2025 operations and maintenance (Air Force) funds in the amount of $120,832,842; fiscal 2025 operations and maintenance (Marine Corps) funds in the amount of $96,937,132; fiscal 2025 operations and maintenance (Navy) funds in the amount of $27,202,749; FMS funds in the amount of $33,789,077; and non-U.S. DOD participant funds in the amount of $68,454,797 will be obligated at time of award, $244,972,723 of which will expire at the end of the current fiscal year. The contract being modified was not competed. Naval Air Systems Command, Patuxent River, Maryland, is the contracting activity.

Source:

https://www.defense.gov/News/Contracts/Contract/Article/3982244/

A Delaware judge ruled on Monday that Tesla, CEO Elon Musk still is not entitled to receive a $56 billion compensation package despite shareholders of the electric vehicle company voting to reinstate it.The ruling by the judge, Chancellor Kathaleen McCormick of the Court of Chancery, follows her January decision that called the pay package excessive and rescinded it, surprising investors, and cast uncertainty over Musk's future at the world's most valuable carmaker.

Tesla has said in court filings that the judge should recognize a subsequent June vote by its shareholders in favor of the pay package for Musk, the company's driving force who is responsible for many of its advances, and reinstate his compensation.McCormick also ordered Tesla to pay the attorneys who brought the case $345 million, well short of the billions they initially requested.

Sources:

https://www.reuters.com/legal/delaware-judge-rejects-request-restore-elon-musks-56-billion-tesla-compensation-2024-12-02/

https://www.cnbc.com/2024/12/02/tesla-ceo-elon-musk-loses-bid-to-get-56-billion-pay-package-reinstated.html

General Motors plans to sell its stake in a $2.6 billion electric vehicle battery cell plant in Michigan to its joint venture partner LG Energy Solution, the automaker announced Monday.

The Detroit carmaker said it expects to recoup its investment in the facility, which a source familiar with the plans said is anticipated to be roughly $1 billion. The sale is part of a non-binding agreement between the two companies that’s anticipated to close during the first quarter of next year, GM said.

The nearly completed, 2.8 million-square-foot plant in Lansing, Michigan, was expected to be the third battery cell facility of the joint venture, known as Ultium Cells LLC, following plants in Ohio and Tennessee that have already opened and are operational.

The Lansing plant was announced in January 2022, and the two companies first announced their joint venture five years ago.

GM’s move comes as the automaker attempts to right-size production of electric vehicles and confronts slower-than-expected consumer demand. It also comes amid uncertainty regarding federal incentives for manufacturing and purchasing EVs in the U.S. under President-elect Donald Trump.

The automaker said the sale does not impact its overall ownership stake in the joint venture or its future plans for a separate joint venture plant with LGES rival Samsung SDI.

“We believe we have the right cell and manufacturing capabilities in place to grow with the EV market in a capital efficient manner,” GM CFO Paul Jacobson said in a release. “When completed, this transaction will also help LG Energy Solution meet demand by leveraging capacity that’s nearly ready to come online and it will make GM even more efficient.” 

GM said the South Korean battery supplier will have immediate access to the Lansing facility to begin installation of equipment. The plant, which currently employs nearly 100 people, was expected to begin operating by the end of this year.

Separate from the sale of its stake in the Lansing facility, GM on Monday announced it will extend a 14-year battery technology partnership with LGES to include the development of an emerging type of battery cell called prismatic cells.

Prismatic cells are a flat, rectangular shape with a rigid enclosure, which allows for space-efficient packaging within battery modules and packs. GM said the cells are expected to reduce EV weights and costs, while simplifying manufacturing by reducing the number of modules and mechanical components.

“We’re focused on optimizing our battery technology by developing the right battery chemistries and form factors to improve EV performance, enhance safety, and reduce costs. By extending our partnership with LG Energy Solution, we’re taking an important step towards these goals,” Kurt Kelty, GM vice president of battery cell and pack, said in a release.

GM had previously said it planned to expand its battery cell technologies from its flat “Ultium” pouches to include other forms such as prismatic cells.

Source: https://www.cnbc.com/2024/12/02/gm-battery-cell-plant-lg.html

Roth MKM upgraded Tesla to a Buy rating from Neutral, citing increased demand potential linked to Elon Musk's perceived alignment with former President Donald Trump. Musk's "authentic support" for Trump, according to Roth MKM, might increase Tesla's customer base among conservative voters, hence improving the demand trajectory and supporting management's direction for 20%-30% delivery growth in 2025. The company said that this development lends legitimacy to Tesla's projected expansion.

Firstly congrats everyone on RKLB, ACHR and LUNR gains. It was fun ride, I have to be honest I had jumped off the wagon a bit earlier but hat off to all of you that mooned!

Also for some of you that jumped on ZETA, enjoy the good days that await.

But let’s talk about IOVA…:

Another biopharma stock trying to solve the issues of cancer. An industry that is a Holy Grail for all pump and dumpers out here.

But is this one different? To be honest I do not know, but that is why I am posting this. To hear other sides, other points of view.

IOVA is currently sitting around $9. These are levels of before the this year run to $16 (what goes up must come down, when pumped and dumped). However… this company reported revenues, 90.86mil revenue to be precise. Granted, not enough to support current market cap but bear in mind it is bio industry we talk about. It takes 1 approval and it is too late.

Leadership: CEO is there since 2016, seems like an experienced guy. Was contributor to many oncology drugs already developed and approved.

Others seem legit as well, this post is already too long… feel free to research yourself.

They also own a bit less than 12% so there is certain commitment there. And of course the vanguard, black rock etc. are heavily involved as well. More than 87% is owned by institutions.

Amtagvi product got approved by FDA and that is now generating certain revenue. They plan tk get approval in Canada, Europe and UK as well.

They also work on LN-145, IOV-4001 and IOV-3001 but let’s be honest these are long shots and nothing guarantee success of these.

I know these are speculations and putting some numbers from the future is no way to go but I feel like I have to just to make this post a bit more complete.

Potential yearly revenue if approved broader and if nothing goes wrong is 12billion (amount of people with cancer of specific type * cost of treatment) but realistic values at beginning is 1-2bill per year or even less.

And then for all the gamblers time that with moon if other drugs get approved as well.

Company with 90mil revenue and 80 million of debt with 2,8 billion market cap and 440 million of operating expenses. Company with future (on the moon or in the sand). Do you hate IOVA or you will become a bag holder?

Please share your opinions.

I want to thank everyone that raved about ACHR! Without you I would've never heard about this stock. But over the weekend I did. And I decided to read upon on it and decided this Monday I would allocate some of my funds to this stock. NEVER EVER in my life have I gotten the great pleasure to witness 23% of my initial investment gone in a matter of 30 fucking minutes.

Wow, it's such an amazing feeling!

Thank you guys!!

Super Micro Computer surged more than 14% after a special committee ruled that it found “no evidence of misconduct” at the embattled AI server maker, and appointed a new chief accounting officer.

“The evidence reviewed by the Special Committee did not raise any substantial concerns about the integrity of Supermicro’s senior management or Audit Committee, or their commitment to ensuring that the Company’s financial statements are materially accurate,” the company said in a release.

Super Micro said it’s also currently searching for a new chief financial officer, and looking to fill additional financial leadership positions. The company appointed current Vice President of Finance and Corporate Controller Kenneth Cheung as its chief accounting officer.

The news from Super Micro Computer comes on the heels of a volatile year for the company. Shares sank in August after Hindenburg Research revealed a short position in the company, saying that it found “fresh evidence of accounting manipulation” and the company delayed the release of its annual filing.

Those troubles continued, with Ernst & Young resigning as the company’s auditor in October due to concerns about the board’s governance and independence. Shares are up about 30% this year, after giving back much of its rally. Last month, the company averted a potential delisting from the Nasdaq following its monster plunge.

Among the findings, the committee ruled that the conclusions reached by Ernst & Young in its resignation were “not supported by the facts” and that the firm’s audit committee exhibited “appropriate independence and generally provided proper oversight.”

The special committee consisted of Super Micro’s board, counsel from Cooley LLP and a team from forensic accounting firm Secretariat Advisors.

Source: https://www.cnbc.com/2024/12/02/super-micro-computer-pops-14percent-after-special-committee-finds-no-evidence-of-misconduct.html

Since October 2024, Broadcom has underperformed many of its technology peers as investors have rebalanced their allocations to the semiconductor sector.

Despite the recent relative weakness, Broadcom has remained in line with the S&P 500, demonstrating stability.

Broadcom expects AI revenue to reach $12 billion in fiscal 2024, accounting for less than 25% of total revenue.

Custom AI chips are at the core of Broadcom is AI revenues, accounting for up to two-thirds of the total, driven primarily through partnerships with hyperscalers such as Microsoft, AWS, and Google.

Customized chips are expected to play a more important role over the next five years, helping customers address AI cluster scaling and cost challenges.

Broadcom is leadership in the networking market could be challenged by NVIDIA, which is capturing the market with more competitive networking solutions.

Broadcom is growth in AI, while promising, is still a low percentage of overall revenue from AI.

Weakness in the non-AI revenue segment could undermine the market's bullish confidence in Broadcom.

Wall Street is constructive on Broadcom, but future guidance needs to remain strong to maintain market confidence.

Broadcom is forward-looking PEG ratio of 1.69 is attractive compared to the tech sector average of 1.89.

I think attention needs to be paid to the company's execution in AI and potential headwinds in non-AI businesses.

On balance, Broadcom stock is under short-term pressure, but the long-term bullish logic remains in place for investors who are optimistic about AI growth prospects.

Broadcom is long-term growth potential remains with its AI business and custom chip capabilities. I think it needs to be cautious about AI revenue expectations and pay attention to the performance and future guidance of its non-AI business.

T hasn't made it to the white house yet and he's already cleaning house and arranging furniture, meeting with heads of state as if he's really running things. He's lucky Elon is right there next to him doing the heavy lifting to make things more - efficient.

It got me wondering about the defense sector. The pentagon has failed every audit for the last several years which leads me to believe all these defense contractors are getting kick backs off the books but also their contracts might be over inflated and they taking advantage of Uncle Sam's check book because he doesn't really know what hes signing off on.

https://www.pogo.org/investigations/leaked-audit-boeing-overcharged-army-up-to-177000-percent-on-helicopter-spare-parts

https://www.justice.gov/usao-ma/pr/raytheon-agrees-pay-over-950-million-connection-defective-pricing-foreign-bribery-and

Its possible the Dept of Justice might sue them to pay back their, corrupt pricing over the years.

The other factor is Jan 20th inauguration day. Trump clearly said he's not paying a dollar more to Ukraine, so that means billions of dollars is no longer going to flow to the bottom line. Hezbollah and Israel signed a deal. So things are staring to look more peaceful. Zelensky said he might be willing to make concessions on land to make peace.

So the question is, are defense contractors overvalued?

I just don't think they'll be able to sustain earnings like the last two years. The spending will drastically slow.

I’ve been an investor in NU for a while now. I firmly believe the market is panic selling because Warren Buffet sold 19% of his stake in the company.

Today the company is down again because Citi bank downgraded its rating on NU to a sell.

Why do people care that Citi bank downgraded to a sell? It’s literally a bank that could potentially have to rival NU soon if they break into USA markets. Citi bank is just worried about a rapidly growing, amazing company.

If anything, the downgrade should be seen as a good sign. It shows that american banks like Citi are starting to feel a bit of pressure from how fast NU has been able to expand its user base.

I know Brazil has made changes to its financial regulations. However, NU is rapidly expanding its user base to other countries. Plus, Brazils projected annual GDP growth per year is very good.

Do you guys agree?

~ EDIT: ~ (Thanks for all your thoughts. I’ve realized there are a few key things I overlooked.

I previously thought the stock was heavily owned by retail investors, similar to SoFi’s stock. I naively assumed this because the stock is frequently discussed on social media. Due to this preconceived notion, I believed the stock price would be significantly influenced by analyst ratings. I still think a large number of people have started to sell because of Warren Buffett reducing his stake and Citi’s sell recommendation. However, I now see that the primary factors driving this downturn are geopolitical and economic risks in Brazil.

My updated assessment is that the stock is being sold for a few very valid reasons. Firstly, Brazil’s inflation has been rising over the past few quarters. Secondly, Donald Trump has threatened BRICS nations with 100% tariffs if they decide to create a currency to rival the U.S. dollar. Thirdly, Warren Buffett sold 19% of his stake in the company. Fourthly, the value of Brazil’s currency has been declining and recently hit historic lows compared to the U.S. dollar. Finally, Brazil’s government spending was recently cut, potentially signaling a slowdown in their economy.

Overall, people are very concerned about the economic and geopolitical risks surrounding NU, especially since it is a Brazilian company. Brazil has a historically unstable economy and is currently facing economic headwinds that are amplified by the risk of potential tariffs.

I’m taking a cautious approach from here on out. I won’t be selling any shares, but I also won’t be buying more until the stock price consolidates and the Brazilian economy stabilizes.

I’m still very bullish on NU because the company has grown unbelievably fast in just 11 years. They survived Brazil’s economic collapse in 2014–2016, and they also weathered the last round of U.S. tariffs on Brazil in 2018. I believe NU will continue to expand rapidly into other Latin American countries, which will reduce its exposure to Brazilian tariffs and economic challenges. The CEO and management team are extremely competent, and I believe in their ability to navigate these challenges in the long term.

The worst-case scenario would be if the BRICS nations successfully create a new currency. Even then, I still believe NU will be okay due to its expansion into other markets. For now, I’m holding and remain very bullish on the business.)