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Show Notes
Summary of the day
Not much changed
Shout out to
Low volume day. Felt like a holiday. This week is heading into a long weekend and end of month. Look at the volume spike at end of session. Paint the tape defined.
Breadth
215 new highs
103 new lows
56% advancing 39% declining
54% below 50 day ma
Stuck out
Alert for Subscribers…$KVYO Klaviyo IPO registration could be promising.
I cannot stand marketing automation. Customer engagement should not be automated whether b2b or b2c. But Klaviyo files to go public in latest sign of life for IPO market.
$585M ARR and a small $15M burn! linkedin.com/posts/edchiu_ceo-startups-…)
Home Builders up thx to $HOV up 15% on earnings. Raised guidance.
K Hovnanian raised guidance and said expects 20% growth in eps. Sales trends 1H exceeds even the years prior to Covid. (Maybe she has a take on this bullishness?)
Slides: https://khov.gcs-web.com/static-files/803492fe-b081-40cc-99df-747300a67418)
Vegas Reid airport sees record number of June passengers; Southwest leads way
And their casinos broke records.
The state’s 439 licensed casinos won $1.404 billion) from players in July, a 6.7 percent increase over a year ago when there were 453 casinos operating.
Strong
Builders up thx to $HOV up 15% on earnings. Raised guidance.
Lyft and uber up
Weak
Vin Fast Auto VFS down 10%
Yields
Volatility
What to watch
Watch mag 7
Watch yields
Florida gulf coast hurricane Idalia
Crypto (are animal spirits alive?)
Economic data
https://www.marketwatch.com/economy-politics/calendar)
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