GBA Presents: House of Gummy-!

STONEY!!!
Lots of our old favorites report tonight.
FLYW, TOST, BROS, MQ, OSUR, PETQ, XPOF

Of note: 2.1MM shares of TOST block-trades today. RIVN has 4MM , MQ 1.2MM

Best Call to Put ratio: XPOF @ 11.7 to 1
FLYW C/P @ 11:1

Most solid FA wise... PETQ ---> $20
EDIT PETQ ratio 265 : 1 ---> but zero block trades. :wtf:
54% of that call volume was "sold" 5% otm however ---> usually not good.
 
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vanzandt said:
Not playing it, but AXON might be a decent earnings play.

The only reason I say this is that both CXW and GEO.... for profit prisons had blowout earnings. So law enforcement stocks must be getting lots of money.
More...
AXON ---> +$5.50
 
This ah's sell-off on TOST looks way overdone to me.
$14.10
_____________________________________________________________

Financial Highlights for the Third Quarter of 2023

•ARR as of September 30, 2023 was $1,218 million, up 40% year-over-year.
•Gross Payment Volume (GPV) increased 34% year-over-year to $33.7 billion.
•Total locations increased 34% year-over-year to approximately 99,000, with net new locations of over 6,500 in Q3 2023.
•Revenue grew 37% year-over year to $1,032 million.
•Gross profit of $226 million was up 50% year-over-year. Non-GAAP gross profit grew 49% year-over year to $244 million.
•Net loss was $(31) million in Q3 2023 compared to net loss of $(98) million in Q3 2022. Adjusted EBITDA was $35 million in Q3 2023 compared to Adjusted EBITDA of $(19) million in Q3 2022.
•Net cash provided by operating activities of $47 million and Free Cash Flow of $37 million in Q3 2023, compared to net cash (used in) operating activities of $(69) million and Free Cash Flow of $(80) million, respectively, in Q3 2022.

______________________________________
I couldn't find any new fleas from the last report. Guidance wasn't great, but so what, they upod it I bet.
I think it's a buy at $14.10. Unless I'm missing something pretty big here. I didn't listen to the cc. But it had dropped before that anyway. No bounce though. <----?
 
vanzandt said:
STONEY!!!
Lots of our old favorites report tonight.
FLYW, TOST, BROS, MQ, OSUR, PETQ, XPOF

Of note: 2.1MM shares of TOST block-trades today. RIVN has 4MM , MQ 1.2MM

Best Call to Put ratio: XPOF @ 11.7 to 1
FLYW C/P @ 11:1

Most solid FA wise... PETQ ---> $20
EDIT PETQ ratio 265 : 1 ---> but zero block trades. :wtf:
54% of that call volume was "sold" 5% otm however ---> usually not good.
More...




good am) THE DIVIDEND CAPTURE REPORT>

Clear Secure declares special cash dividend of 55c per share » 06:16 YOU

$550 free dollars for 1,000 shares!
 
IFF price target raised to $64 from $57 at Barclays » 06:09 IFF

Gen Digital price target raised to $27 from $23 at Barclays » 06:07 GEN

Fluence Energy upgraded to Buy from Neutral at BofA » 06:06 FLNC

Fevertree Drinks initiated with a Buy at Stifel » 05:14 FQVTF

Shoals Technologies reports Q3 EPS 20c, consensus 15c » 17:02 SHLS
 
Bumble reports Q3 EPS 12c, consensus 7c » 16:35 BMBL

Enovix sees Q4 revenue $3M-$4M, consensus $530K » 16:30 ENVX

Inter Parfums raises FY23 EPS view to $4.75 from $4.55, consensus $4.56 » 16:25 IPAR

Primoris sees FY23 adjusted EPS $2.60-$2.80, consensus $2.24 » 16:18 PRIM The Company is… Primoris reports Q3 adjusted EPS $1.02, consensus 78c » 16:18 PRIM

Cava Group raises 2023 adjusted EBITDA outlook to $70M-$73M from $62M-$67M » 16:17 CAVA

Cava Group reports Q3 EPS 6c, consensus (1c) » 16:16 CAVA

Rivian increases 2023 production guidance to 54,000 total units » 16:15 RIVN

Xponential Fitness raises FY23 revenue guidance to $305M-$310M, consensus $304M » 16:11 XPOF

Toast reports Q3 ARR up 40% y/y at $1.22B » 16:06 TOST

Toast reports Q3 EPS (9c), consensus (10c) » 16:06 TOST
 
Every crash we have had there has been a constant... leverage<----- why it is still allowed is beyond me.

introducing the basis trade-- this has come up in my conversations lately....


Tue, November 7, 2023, 2:14 PM EST


(Bloomberg) -- Securities and Exchange Commission Chair Gary Gensler repeated warnings about leveraged trading by hedge funds and investment firms in the US Treasuries market.

A raft of SEC proposals, from mandating central clearing of all US Treasuries to forcing more trading firms to register with the agency as brokers, all can reduce risks to the financial system, Gensler said in prepared remarks for a Tuesday conference in Washington hosted by the Securities Industry and Financial Markets Association.

“We have bank and nonbank intermediaries using leverage, particularly in the prime brokerage relationships, and when stress enters the system, the result can be instability,” Gensler said. “We saw some of this again this year during the regional bank crisis in March of 2023.”

Regulators are particularly concerned about one strategy called the basis trade, which involves using leverage to profit from the price gap between Treasury futures and the underlying cash market. It has garnered particular attention from federal watchdogs over concerns about a lack of visibility into the amount of risk in the market.

Executives at Citigroup Inc. and CME Group Inc., among other firms, have voiced support for the popular trade, which they say provides needed liquidity for government bonds.

The basis trade is also under increasing scrutiny internationally from the Bank of England and the Bank of International Settlements. Regulators have warned that sudden volatility in such a highly-leveraged market could reverberate across markets and lead to systemic instability.

During remarks after his speech, Gensler addressed the financial sector’s move to T+1 trade settlement and clearing. The industry has about 200 days before a deadline to complete trade settlement in equities shifts to just one day, down from two. Sifma President and Chief Executive Officer Kenneth Bentsen said the industry has concerns about the ability of transactions involving foreign exchange to meet the deadline.

Gensler said the industry has been successful in shortening the settlement cycle in the past, but acknowledged that foreign-exchange trades are “something to keep an eye on as we go through this” transition.
 
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