Palantir and Onsemi Calm AI Concerns: 8 Key Items Shaping the Stock Market Tuesday
What to watch with SpaceX earnings, U.S munition pain point, Duke Energy’s capital plan, and other headlines are moving stocks this morning.
Who Wants to Believe in Iran Talks? (The Markets Do); Big Earnings; Yen Plan
Let’s look at how Trump holds off big attack on Iran and the markets look optimistic, a joint plan for the yen, and earnings on tap for this week.
Supply Shortage Takes Bite Out of Apple: 8 Key Items Shaping the Stock Market Friday
Euro-area inflation rises in July, Amazon soars, SpaceX-Tesla chatter, and other headlines moving stocks this morning.
Space(X) Out
I have covered the balance of my SpaceX ($SPCX) short at $111.80.
SpaceX is trading under $112, down from my short at $213 and its high of $225.
I value SPCX at about $70-$80/share (as I noted at the time of the IPO).
My view is that the Musk/Tesla/SpaceX cult (as they did with Tesla) will maintain a premium to my fair market value for some time to come.
That premium is now about 50%, which is much less than the premium Tesla has maintained over time.
Positions: None.
SpaceX Cover
I am bidding slightly under the market to cover more SpaceX ($SPCX) (trading under $110).
Position: Short SPCX VS
Chips Take a Dive, Oil Slides, SpaceX Burns Off … a Trillion
The good news is Iran and the U.S. seem to be talking again. The not-so-good news is the AI tech trade and all its parts are falling fast. Let’s dig in.
Amazon Puts SpaceX, AT&T and Verizon on Notice
Plus, let’s get ready for Apple’s upgrade program that begins this week.
The Looming Debt Threat
While most investors are focusing on the Q2 earnings reports and Iran, I am watching the credit markets closely. Here’s why.
Covering More SpaceX
Covering some more SpaceX ($SPCX) short under $114.
Position: Short SPCX (VS)