Quote post: @KobeissiLetter on the chip rebound (Nasdaq 100 +2.4%; ~45% of Thursday's drop recovered)
Eight of the biggest chip names have won back about 45% of Thursday's drop by mid-morning.
I think that still leaves more than half of the AI scare in the price. Not financial advice
https://x.com/KobeissiLetter/status/2118717121354232120
Sources: StockTitan: eight big chip stocks recovered ~45% of Thursday's fall on average by 10:01 a.m. ET · Fox Business: semiconductor index rising over 6% Friday after plunging over 12% Thursday; Nvidia +6.5% · Investing.com: iShares Semiconductor ETF +4.9% after open; Nasdaq 100 futures +1.8% after Thursday's worst day since Apr
Not financial advice. For informational and educational purposes only.
$ETN daily pick: sell Dec 18 $300 put (buy-side) after the midterm data-center washout
$ETN: I'm selling the Dec 18 $300 put on @EatonCorp after a beat-and-raise got washed out with the data-center complex. Live at 12:15pm ET ($339.78): 14% under the 200-day About 21x 2027 EPS estimates $7.80 credit, breakeven $292.20 About 2.6% in 42 days (~23% annualized)
Extreme Networks explores potential sale, shares surge 15% on acquisition interest
Extreme Networks (NASDAQ: EXTR) is exploring a potential sale after attracting acquisition interest, according to…
EU conditionally approves AkzoNobel-Axalta merger of equals
AkzoNobel and Axalta Coating Systems received conditional European Commission approval for their all-stock merger of…
Midday update
JFrog surged after raising guidance while Axon fell on a forecast cut, as company outlooks drove Friday's market.
$FROG is up 32.07% at midday Friday, leading a session where guidance set the direction. The S&P 500 is up 0.94% and the Nasdaq is up 1.72%. Gainers: JFrog raised full-year guidance to adjusted EPS of $1.14-$1.16 on revenue of $680M-$682M, ahead…