JUST KILLER INFO HERE!!!!!!!

COST cracking....

I switched to stockcharts simply because of this newsletter. 

i'd recommend members to check this daily, lots of exits last 1-2 weeks, showing signs of distribution. 

Arthur Burns wrote a famous speech about his own failure to kill inflation in the late 1970s and this bit resonates particularly loudly right now.

Viewed in the abstract, the Federal Reserve System had the power to abort the inflation at its incipient stage fifteen years ago or at any later point, and it has the power to end it today. At any time within that period, it could have restricted the money supply and created sufficient strains in financial and industrial markets to terminate inflation with little delay. It did not do so because the Federal Reserve was itself caught up in the philosophic and political currents that were transforming American life and culture.

as i get updates daily in email for the STS, lots of names cut last 2 weeks with very few new longs. Distribution...........

SPOT ON!

Trading Up ($): BLK (20.04), GL (4.48), NFLX (4.22), STT (2.74), CPNG (1.51), MBLY (0.78)
Trading Down ($): -0.80 AVGO (-13.46), ANET (-11.57), ZTS (-8.22), HELE (-7.74), SMCI (-6.28), JPM (-4.68)

AAPL Reuters says that company's motion to dismiss UK lawsuit over app store fees was rejected.
BLK Reported better than expected EPS on stronger revenues.
C Reports better than expected EPS on stronger revenues.
 JPM Reported better than expected EPS on stronger revenues; NII declined 4% on a sequential basis.
STT Reported better than expected EPS on stronger revenues.
WFC Reported better than expected EPS on stronger revenues.

TOST killer setup

Fintwit super excited/bullish, and i'm like "we havent taken out the supply zone, LOL

great trade amidst the chop, bravo. 

BB big base

KTOS nice look and repeat july call buyers as of late

pos lol (didnt break) 

eps starts off with a bang 

Carmax $KMX   -8% in pre
Lovesac $LOVE   -17% in pre
Fastenal $FAST  -5% in pre

Morning stock specific news

AMZN Andy Jassy says company remains committed to cost-cutting and investment in AI. KE Announced than March net sales declined 9.4% y/y.
COST Announced March sales growth of 7.5%; US comps up 7.4%, e-commerce sales up 28.0%; raised dvd.
FAST Reported weaker than expected EPS on weaker revenues.
KMX Reported weaker than expected EPS on weaker revenues.
LOVE Reported weaker than expected EPS on weaker revenues; lowered guidance.
MU Says impact of Taiwan earthquake will cut quarterly DRAM supply by mid-single digit percentages.
RENT Reported better than expected EPS on stronger sales.
STE Announced plans to divest its dental segment to Peak Rock Capital for nearly $800 mln.
STZ Reported better than expected EPS on stronger sales; raised guidance.
VRTX Announced deal to acquire ALPN for $65 per share in cash.
YUMC Company say sit plans a total of $3 bln in dividends and buybacks from 2024 to 2026 with half in 2024.

*FQVLF is still cheap, trades close to a $9B market cap, the Street thinks they can do close to $3B of EBITDA in 2025 (we think more) with free cash flow near $500m. That's close to an  18% free cash yield  if copper prices (+19% since February) stay supportive. 

**On the other hand, Freeport McMoran FCX trades near a $74B market cap vs. $11B of 2025 expected EBITDA and close to $4B of expected free cash flow (close to a  5% free cash flow yield ). 

Longest running comedy 

ETHE new long in STS as well