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Chris Lau

Friday Trades For Feb 14, 2020

Futures are up fractionally and shades do not seem to be needed. Crude up to start the day. Gold up a touch as well. King Midas will not be holding a press conference on this. Bitcoin in the green too! It remains above the All-Important $10,000 mark for no apparent reason. All is normal, so it seems.

Elon Musk in excommunicado. The Continental and its services are closed to him.

Tesla in the news twice! I was worried when there was nothing on them for a day or two. Seems that a capital raise is in order. Not surprising. Also, Tesla’s 2019 10-K filing said the epidemic’s (coronavirus) effect on global supply chains is unknown if the epidemic persists for an extended period of time. In the filings’ risk factors section, it said expenses and delays “could have a material adverse impact on our business, operating results and financial condition.” So while the rest of the stock market was playing coronavirus yo-yo and $TSLA was "rocketing" higher and higher, they were facing the same risks as every other company that does business in China. How did Mr. Market not see this one coming? 🔥🔥🔥

Major automakers sold fewer than 2 million cars in the country in January 2020, an 18% plunge from a year earlier, according to China's Association of Automobile Manufacturers. The association said the virus will deliver a "HUGE SHOCK" to the car industry, adding that it expects the impact to be worse than 2003's SARS epidemic. EV sales were down 54% in January 2020.

In other EV news, Nio says it has entered into two deals with Asia-based investment funds to issue $100M worth of short-term convertible notes. Looks like workers will be getting paid! Cake in the break room.

Heineken, the world’s second-biggest beer giant, beat expectations with its Q4 2019 earnings on Wednesday, driven by an 8.3% sales surge for the core Heineken brand. That was the best single-year growth the Heineken brand has seen in a decade. Their biggest gainer? Non-alcoholic beer. No kidding.

No Boeing news to end the week? Thank you.

notes via user dcv

...

Thursday's Key Earnings via SA

Nvidia (NASDAQ:$NVDA) +7.3% PM on earnings beat, data center strength.
Roku ($ROKU) +8% PM on revenue jump in holiday season.
Arista Networks (NYSE:ANET) -8.5% PM on Q4 revenue drop.
Sierra Wireless (NASDAQ:SWIR) -8.4% PM on worse-than-expected loss.
Yelp (NYSE:YELP) -8.2% PM as revenue turnaround falls short in Q4.
Mattel (NASDAQ:MAT) +2.7% PM on profit beat.
Expedia (NASDAQ:EXPE) +11.7% PM on earnings beat, guidance.
Agnico Eagle (AEM) -1.5% PM on 2020 production guidance cut.
Cognex (NASDAQ:CGNX) -4.6% PM on mixed Q4, downside outlook.
DexCom (NASDAQ:DXCM) +6.2% PM on Q4 beat.
Datadog (NASDAQ:DDOG) -4.3% PM despite earnings beat, upside outlook.
Chemours (NYSE:CC) +6% PM on better-than-expected quarter.
Republic Services (NYSE:RSG) flat AH on mixed Q4.
GoDaddy (NYSE:GDDY) +5.8% PM on Q4 beat, strong ARPU.
Cloudflare (NYSE:NET) +2.1% PM on earnings beat.

Opinion

Expedia $EXPE has the worst customer service quality. Sell. Q4 is in the past. corvid-19 not factored into this quarter.

$AMD gets another hike on $NVDA strength. My PT? $100+. AMD was my pick when the stock was $2-5 in 2013.

Happy Friday! 

Now go and T2BF

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