$BERY

Top Earnings Th 5/4 Pre: $ABUS $ACIW $AEP $AGIO $ALCO $ALNY $AMTX $AOMR $APG $APRN $APTV $ARGX $ARHS $ARNC $ARW $ATI $AUPH $BALL $BCE $BDX $BERY $BHC $BKI $BKTI $BLD $BPMC $BRKR $BSIG $BUD $BV $BVH $BWA $CAH $CARS $CCLD $CCLP $CCOI $CCRD $CEG $CG $CGNX $CIM $CLDT (1/5) Top Earnings Th 5/4 Pre: $CMRX $CNQ $COMM $COP $CRAI $CWEN $DCO $DDOG $DGII $DINO $DLX $DNB $DNOW $DOC $DSGR $DTC $DXYN $ECVT $ENOV $EQNR $ESMT $EVA $FOCS $FOUR $FTDR $FUN $GCI $GECC $GEL $GHI $GLT $GOLF $GPP $GPRE $GTES $H $HAYW $HEP $HII $IBP $ICE $IDA (2/5) Top Earnings Th 5/4 Pre: $IDCC $IMOS $IMXI $INFU $INSM $IRM $IRMD $IRWD $ITCI $ITRI $ITT $JLL $K $KPTI $KRTX $KTB $KYMR $LAMR $LANC $LAUR $LEE $LNTH $LQDA $LQDT $MAC $MCS $MDU $MFA $MGPI $MLM $MMP $MNTX $MODV $MPLN $MRNA $MSGS $MT $MTSI $MYE $NFE $NJR $NRG (3/5) Top Earnings Th 5/4 Pre: $NRP $NS $NTCT $NTLA $NVCR $NVO $NWN $NXE $OCN $OCSL $OGE $OGN $ONEW $OPCH $OWL $PACK $PARA $PARAA $PAX $PBH $PCG $PENN $PH $PLNT $PLTK $PLX $PLYM $PNW $PPL $PRMW $PRVA $PTLO $PTON $PWP $PWR $PZZA $RACE $RCL $RCM $REGN $RITM $SABR $SBH (4/5) Top Earnings Th 5/4 Pre: $SCU $SELB $SHAK $SHEL $SPH $SRE $SSRM $STVN $STWD $SUP $SWK $SXC $TCPC $TELNY $TFX $TGLS $THRY $TIXT $TRGP $TTSH $TU $UNIT $UPBD $VEON $VIA $VITL $VMC $VNT $W $WBX $WCC $WD $WLK $WLKP $WOW $WRK $WRLD $XFOR $XPO $XPRO $XTNT $XYL $ZTS (5/5)

BERY RISKY CONDITIONS FOR THE PAIR

$BERY in Put mode

Monday, August 30, 2021 Futures Up/Down % Last Dow 22.00 0.06% 35,425 S&P 500 4.25 0.11% 4,510 Nasdaq 26.50 0.17% 15,452 Stock futures in the U.S. are looking higher, extending last week gains following Friday’s dovish address from Federal Reserve Chairman Jerome Powell, where he laid out the case for the slowing of the Fed’s $120 billion in monthly bond purchases, but offered no firm time table. In Asian markets, The Nikkei Index jumped 148 points to 27,789, the Shanghai Index inched higher about 6 points to 3,538 and the Hang Seng Index rose 131 points to 25,539. In Europe, the German DAX rises 35 points to 15,885, while the FTSE 100 is up about 20 points to 7,150. Shares of U.S. insurance companies, energy firms, utilities and refiners may be active when trading starts Monday after Hurricane Ida slammed ashore, hitting the Louisiana coast with winds more powerful than Hurricane Katrina. Stocks closed out last week at new all-time highs, as the S&P 500 climbed 0.9%, settling above 4,500 for the first time, while the Nasdaq Composite advances 1.2% to a new record. For the week, the S&P 500 rose 1.5%, the Dow rose about 1% and the Nasdaq rose 2.8% and the Russell 2000 index jumped 5.1%. Major averages enjoyed gains all week as Fed Chairman Jerome Powell kept rate hikes far over the horizon at the virtual Jackson Hole speech. Treasury yields slumped after Powell raised the possibility of tapering asset purchases this year but set no timetable and also said there was substantial work to do before any rate moves. Market Closing Prices Yesterday The S&P 500 Index gained 39.37 points, or 0.88%, to 4,509.37 The Dow Jones Industrial Average rose 242.70 points, or 0.69%, to 35,455.80 The Nasdaq Composite surged 183.70 points, or 1.23%, to 15,129.50 The Russell 2000 Index advanced 63.17 points, or 2.85% to 2,277.15 Events Calendar for Today 10:00 AM ET Pending Home Sales MoM for July 10:00 AM ET Dallas Fed Manufacturing for August Earnings Calendar: Earnings Before the Open: $CLDR, $CTLT Earnings After the Close: $NDSN, $SOL, $ZM Other Key Events: Citigroup Asia Tech, Media & telecom Virtual Conference, 8/27-8/31 Piper Sandler 2021 Texas Bank Forum (virtual), 8/30-9/1 Piper Houston E&P Bus Tour, 8/30-8/31 China NBS Non-Manufacturing for August Macro Up/Down Last Nymex -0.35 68.39 Brent -0.10 72.60 Gold -1.25 1,816.35 EUR/USD 0.0006 1.18.01 JPY/USD -0.01 109.83 10-Year Note -0.005 1.307% Sector News Breakdown Consumer Li Auto ($LI) posts Q2 revs of 5.04 bln yuan ($779.20M), vs. est. 4.41 bln yuan; Q2 vehicle sales were 4.90 bln yuan during Q2 with deliveries of Li ONE SUVs rising 166% YoY; sees Q3 deliveries of vehicles to be between 25,000 and 26,000, or an increase of 188.7%-200.2% YoY Lululemon Athletica’s ($LULU) mentioned positively in Barron’s noting the stock hasn’t gone very far since its six-month stay as a stay-at-home darling in the immediate aftermath of the pandemic bear market. Its second-quarter earnings might just be the catalyst it needs to get moving again. Energy, Industrials and Materials More than 90% of oil production in the Gulf of Mexico shut down this weekend as Hurricane Ida plowed toward the Louisiana coast, threatening an area that is home to 17% of U.S. oil production, 5% of natural gas output and 15% of U.S. refining capacity. Exxon Mobil ($XOM) reportedly has cut production at its Baton Rouge refinery to 50% of its 520K bbl/day capacity Berry Global ($BERY) a positive mention in Barron’s saying the company makes plastic containers, but writing off Berry for plastics overlooks changing practices in the industry and ignores one of the sturdiest of materials stocks. Berry could narrow the gap between its 10 times 12-month forward earnings and Sealed Air’s ($SEE) and Amcor’s ($AMCR) 15 times, which would imply a 50% gain on multiple expansion alone, the author notes Astra Space Inc ($ASTR) shares fall over -20% after the test launch of its rocket LV0006 was ended prematurely about 2-and-a-half minutes after liftoff; said one of LV0006’s engines shut down less than a second after liftoff United Airlines Holdings Inc. ($UAL) jets like the one that lost an engine cover over Colorado in February aren’t expected to fly until early next year, as federal regulators weigh additional safeguards, people briefed on the matter said. United had hoped to resume flying the wide-body jets this summer. Dow Jones Financials Freshworks Inc. (FRSH) filed for an IPO in the U.S. as the customer relations management software firm looks to compete with larger rivals such as Salesforce.com (CRM). Freshworks wrote in an S-1 filing with the U.S. SEC that it aims to raise $100M Shares of U.S. insurance companies, energy firms, utilities and refiners may be active when trading starts Monday after Hurricane Ida slammed ashore, hitting the Louisiana coast with winds more powerful than Hurricane Katrina Healthcare Baxter International Inc. ($BAX) is in advanced talks to buy medical-equipment maker Hill-Rom Holdings Inc. ($HRC) for around $10 billion, the WSJ reported in a deal that values Hill-Rom at around $150 a share that could be reached by midweek assuming the talks don’t fall apart (talks follow an earlier bid from Baxter worth $144 a share that Hill-Rom rebuffed) https://on.wsj.com/38kIIY9 Catalent Inc. ($CTLT) is expected to announce Monday that it has agreed to buy closely held Bettera Holdings LLC for $1 billion, according to people familiar with the matter, the latest deal involving nutritional supplement companies. https://on.wsj.com/3zs40Pi Moderna ($MRNA) slumped after authorities in Japan suspended the use of a second batch of the drugmaker’s coronavirus vaccine following the discovery of contaminants Vapotherm ($VAPO) said the FDA has given regulatory clearance to the company’s new respiratory-therapy device, HVT 2.0. The device would make it easier for hospitals to give breathing therapy in more areas of the hospital, not just in intensive-care units Technology, Media & Telecom Tesla Inc ($TSLA) Chief Executive Elon Musk has signaled competition concerns over Nvidia Corp’s (NVDA) planned purchase of British chip designer Arm, the Telegraph reported on Saturday, citing multiple sources. Amazon.com Inc and smartphone maker Samsung Electronics Co Ltd have also lodged opposition to the deal with U.S. authorities, the newspaper reported. Barron’s noted China’s most well-known companies are starting to look cheap to some U.S. investors, though the likelihood of volatility means there will be ample opportunity to buy. Alibaba ($BABA), Tencent ($TCEHY) and Yum China ($YUMC) are among the ones to watch HP Inc. ($HPQ) and Dell ($DELL) look attractive and cheap, according to Barron’s. One peculiar outcome of the pandemic has been a newfound appreciation for the personal computer, with the pandemic underlining the need to upgrade to hardware capable of running videoconferencing and other essential software Globalstar ($GSAT) shares may move on a report that Apple’s (AAPL) iPhone 13 will use satellite connectivity so users can make calls and texts in areas without cellular coverage https://bit.ly/3sXY2mN

Thursday, August 5, 2021 Futures Up/Down % Last Dow 55.00 0.16% 34,745 S&P 500 9.25 0.22% 4,404 Nasdaq 33.50 0.22% 15,107 U.S. futures are looking up modestly, rising roughly about 0.2% across the board into one of the heaviest days of corporate earnings of the season, as major averages continue to hold not far off record highs. The S&P 500 index has held the pivotal 4,400 level for over a week now, as overall major averages have moved sideways for two or three weeks now, bolstered by rising on better economic data, earnings results, and an accommodative Fed, which has offset rising Delta variant concerns and fears of further global restrictions to contain the rise in cases and tighter government restrictions in China. Oil prices edge higher after sliding sharply the last 3-days on demand concerns. Bitcoin prices are down about 4% holding just above the $38,000 level while Ethereum slips nearly 4% to 2,600 in the crypto sector. Ahead of tomorrow’s nonfarm payrolls report, investors will get two more labor market data points with the Challenger jobs report at 7:30 and the weekly jobless claims. Euro Stoxx 50 rises 0.5% around best levels for the week. Wednesday’s after-hours big-name earnings were disappointing for the most part, which could weigh on sentiment. Major averages ended the session mixed on Wednesday, following conflicting signals on the economy that showed a hot services sector, but a labor market that continues to struggle to find workers. The Institute for Supply Management survey on Wednesday jumped to a record high of 64.1 in July, but the ADP Employment Report showed private payrolls only rose by 330,000 last month, well shy of the 695,000 estimate ahead of tomorrow’s payrolls. The Dow Jones saw the biggest fall, dragged lower by a decline of more than 6% in Amgen in the wake of its quarterly results, accounting for about 103 points to the downside while energy was the weakest sector on the day, suffering its biggest daily percentage drop since July 19. In Asian markets, The Nikkei Index gained 144 points to 27,728, the Shanghai Index dipped -10 points to 3,466 and the Hang Seng Index declined -221 points (0.84%) to settle at 26,204. In Europe, markets are little changed as the German DAX is up a few points at the 15,700 level, while the FTSE 100 is down a couple of points at 7.120. Market Closing Prices Yesterday The S&P 500 Index slipped -20.49 points, or 0.46%, to 4,402.66 The Dow Jones Industrial Average fell -323.73 points, or 0.92%, to 34,792.67 The Nasdaq Composite edged higher 19.24 points, or 0.13%, to 14,780.53 The Russell 2000 Index declined -27.26 points, or 1.23% to 2,196.32 Events Calendar for Today 7:30 AM ET Challenger Job Layoffs for July 8:30 AM ET Weekly Jobless Claims 8:30 AM EST Continuing Claims 10:30 AM ET Weekly EIA Natural Gas Inventory Data Earnings Calendar: Earnings Before the Open: ABMD, ADNT, AES, AHCO, AKBA, AMRS, ARWR, AVEO, BBGI, BCRX, BDX, BERY, BKI, BLDR, BLL, BV, CAH, CARS, CCOI, CHH, CI, CNP, COMM, CRAI, DDOG, DIN, DLX, DUK, ECOM, EPAM, EPC, EVRG, FOUR, GCP, GNL, GOGO, GOLF, GTN, HBI, HBIO, HII, HL, IDCC, INSM, IRM, IRWD, ITI, K, KPTI, LAMR, LAUR, LNG, LXP, MMS, MPLN, MRNA, MUR, MYE, NINE, NS, NTLA, PCTY, PBH, PBPB, PEI, PENN, PH, PNW, PPL, PRTY, PWR, PZZA, RC, RDUS, REGN, ROLL, SEAS, SSYS, TEN, THS, TRGP, UFS, USPH, VG, VIAC, VST, W, WD, WOW, WRK, XEC, XERS, XTNT, XXII, YETI, ZIXI, ZTS Earnings After the Close: AAOI, AEE, AEL, AIG, AINV, ALRM, ALTR, AMBC, APLE, APPN, ARNA, ASTG, AVLR, AXON, BAND, BECN, BGS, BHF, BIGC, BKD, BL, BRBR, BRKS, BYND, CARG, CDXS, CGNX, CHRS, CHUY, CLNE, CNXN, COLD, CSOD, CVNA, CWK, DBX, DHX, DIOD, EB, ECOR, EGLE, ENTA, ENV, ERII, EXEL, EXPE, FEYE, FLDM, FLS, FND, FOXF, FSR, FTSI, G, GDYN, GEOS, GH, GKOS, GPRO, GRPN, GSBD, HASI, HCAT, HCI, HEAR, HTA, IFF, ILMN, IHRT, IOVA, IRTC, ITT, JCOM, KALA, KAMN, LGF.A, LNT, LOCO, LTHM, MAIN, MDRX, MNST, MP, MSI, MTW, MTZ, NET, NKTR, NVAX, NWSA, NYMT, OLED, OUT, PBYI, PK, PODD, POST, PRA, QDEL, RAMP, RDFN, REZI, RMD, RUN, SFM, SGMO, SHAK, SPCE, SQ, SYNA, TDC, TGH, TMDX, TMST, TRUE, TRUP, TTOO, VLDR, VMEO, VOYA, VV, WSC, Y, YELP, ZEUS, ZG, ZNGA Macro Up/Down Last Nymex 0.37 68.52 Brent 0.26 70.64 Gold 0.40 1,811.75 EUR/USD 0.0005 1.1842 JPY/USD 0.03 109.51 10-Year Note -0.004 1.19% Sector News Breakdown Consumer Boot Barn ($BOOT) Q1 EPS $1.35 vs est. $0.88 in revs $306.3M vs est. $288.9M; same-store sales +78.9% vs 1Q20, +52.3% vs 1Q19; opened 3 new stores in the quarter Costco ($COST) reported total comparable sales for July of +13.8%; July U.S. comparable sales excluding fuel, currencies +8.5% L.F. Beauty ($ELF) 1Q EPS $0.15 vs est. $0.15 on sales $97Mm vs est. $79.3Mm; guides FY adj EPS $0.65-0.68 vs est. $0.67, sees FY sales $356-364Mm vs est. $350.5Mm Etsy Inc. ($ETSY) shares tumble -13% on guidance; 2Q EPS $0.68 vs est. $0.63 on revs $528.9Mm vs est. $524.7Mm, qtrly consolidated GMS $3.0B +13%; guides 3Q revs $500-525Mm vs est. $524.7Mm, sees 3Q GMS $2.9-3.0B Frontdoor Inc. ($FTDR) Q2 EPS $0.76 vs est. $0.63 on revs $462M vs est. $466M, sees Q3 revenue $470M-$480M, lowered FY revenue outlook to $1.6B-$1.62B (est. $1.64B) from $1.63B-$1.65B Jack in the Box ($JACK) Q3 EPS $1.79 vs est. $1.49 on revs $269.5M vs est. $258.5M, same-store sales +10.2%, systemwide sales +10.6%, company-operated same-store sales +9.0%, sees FY21 capex $40M-$45M, FY22 capex $65M-$75M Leslie’s ($LESL) Q3 adj EPS $0.64 vs. est. $0.55; Q3 revs $596.54M vs. est. $570.37M; Q3 comparable sales growth of 23.9%; raises FY21 adjusted EPS view 80c-85c from 75c-80c (est. 77c) and boosts FY21 revs to $1.31B-$1.33B from $1.28B-$1.3B (est. $1.3B); Adjusted EBITDA of $179.3 million compared to $119.8 million in the prior year quarter, an increase of 49.7% MGM Resorts ($MGM) 2Q adj EPS ($0.13) vs est. ($0.30) on net revs $2.3B vs est. $2.28B, MGM China net revs $311Mm, LV Strip net revs $1.0B, regional net revs $856Mm Rent-A-Center ($RCII) 2Q adj EPS $1.63 vs est. $1.35 on revs $1.2B vs est. $1.14B, qtrly comps +16.6% led by e-comm; guides FY revs $4.55-4.67B vs est. $4.56B, sees Rent-A-Center segment revs $2.02-2.06B, sees FY adj EPS $5.90-6.40 vs est. $5.66; announces $250Mm repurchase auth Uber ($UBER) Q2 EPS $0.58 on revs $3.93B vs. est. $3.74B; Q2 gross bookings grew 114% yoy to $21.9 billion, or 104% on a constant currency basis, with Mobility Gross Bookings of $8.6 billion and Delivery Gross Bookings of $12.9 billion; Q2 Adj EBITDA Loss $509M vs. est. loss $324.5M; sees Q3 Adj EBITDA loss below $100M vs. est. loss $95.4M Wynn Resorts (WYNN) 2Q adj EPS ($1.12) vs est. ($1.61) on revs $990.1Mm vs est. $932.5Mm, Wynn Macau revs $184Mm, LV ops revs $355.1Mm ADT Inc. ($ADT) adj EPS ($0.07) vs est. $0.25 on revs $1.304B vs est. $1.28B; Gross recurring monthly revenue (RMR) additions grew 28%; end of period RMR of $352 million increased by 4%; solid customer retention with attrition at 13.3% Driven Brands ($DRVN) 12M share Secondary priced at $29.50 European Wax Center ($EWCZ)6M share IPO priced at $17.00 Weber ($WEBR) 18M (which was cut down from 46.8M) share IPO priced at $14.00 Energy APA Inc. ($APA) Q2 adj EPS $0.70 vs. est. $0.57’ Q2 revs $1.75B vs. est. $1.46B; qtrly adjusted production, which excludes Egypt noncontrolling interest and tax barrels, was 342,000 boe per day; at current strip prices, we expect to generate approximately $1.7B of free cash flow this year Earthstone Energy ($ESTE) files for offering of up to 6.2 mln shares of class a common stock by selling stockholders Marathon Oil ($MRO) Q2 EPS $0.22 vs. est. $0.15; Q2 revs $1.14B vs. est. $1.09B; Q2 oil-equivalent production of 348,000 net boed; raising 2021 full year oil-equivalent production guidance by 5,000 net boed; Q2 oil production of 170,000 net bopd; raised quarterly base dividend by 25% to 5c; raising the midpoint of its 2021 full year U.S. oil-equivalent production guidance by 5,000 net boed Warrior Met Coal ($HCC) 2Q adj EPS $0.25 vs est. ($0.18) on revs $227.4Mm vs est. $128.3Mm; not providing FY guide at this time Whiting Petroleum ($WLL) Q2 adj EPS $3.01 vs. est. $1.97; Q2 revs $352M vs. est. $244.27M; said generated net cash provided by operating activities of $183M and $111M in adjusted free cash flow during the quarter and over $200 million through six months; raises FY21 production view to 88-92 MBOE per day from 82-88 Financials Allstate Corp. ($ALL) Q2 adj EPS $3.79 vs. est. $3.04; Q2 revs $12.65B vs. est. $10.51B; announces new $5B repurchase program; 2Q Book Value Per Shr $86.33; Q2 Catastrophe Loss $952M; Q2 Property-Liability Premiums Earned $10.01B; 2Q Property-Liability Premiums Written $10.32B;2Q Property-Liability Combined Ratio 95.7 Fleetcor ($FLT) Q2 EPS $2.30 vs est. $2.94, adj EPS $3.15, on revs $667.4M vs est. $637.3M; its board increased its share repurchase authorization by$1B; sees Q3 adj EPS $3.35-$3.55 vs est. $3.36, and raised outlook for FY adj EPS to $12.80-$13 (est. $12.61) from $12.32-$12.88 and FY revs to $2.74B-$2.79B (est. $2.68B) from $2.6B-$2.7B Lemonade ($LMND) Q2 EPS loss (-$0.90) vs. est. loss (-$0.89); Q2 revs $28.2M vs. est. $26.8M; customer count increased by 48% to 1,206,172 yoy; premium per customer, defined as in force premium divided by customers, was $246 at the end of the second quarter, up 29% yoy; raises FY21 revenue view to $123M-$125M from $117M-$120M (est. $118.94M); narrows FY21 adjusted EBITDA view to ($173M)-($169M) from ($173M)-($163M) Lincoln National ($LNC) Q2 adj operating EPS $3.17 vs. est. $2.35; Q2 revs $4.85B vs. est. $4.72B; Reports book value per share, including AOCI, of $115.00, up 7%; BVPS, excluding AOCI, of $75.45, up 9% MetLife ($MET) announces new $3B share repurchase authorization; Q2 adj EPS $2.37 vs. est. $1.57; Q2 revs $18.52M vs. est. $15.77B; qtrly premiums, fees & other revenues $11.22 bln vs $10.49 bln; qtrly net investment income $5.28 bln vs $4.09 bln; book value of $75.86 per share at qtr-end, down 4% from $78.65 per share at June 30, 2020 RE/MAX Holdings ($RMAX) 2Q adj EPS $0.63 vs est. $1.31 on revs $77.2Mm vs est. $76.4Mm; guides 3Q revs $86.5-91.5Mm vs est. $79.1Mm; sees FY revs $321-336Mm vs est. $308.7Mm Western Union (WU) Q2 adj EPS $0.48 vs. est. $0.47; Q2 revs $1.3B vs. est. $1.26B; reaffirms FY21 adj EPS view $2.00-$2.10 vs. est. $2.06; reaffirms FY21 revenue growth view mid-to-high single digits; Consumer-to-Consumer (C2C) transactions increased 15% in the quarter, while revenues increased 15% on a reported basis, or 12% constant currency. Robinhood ($HOOD) filed with the SEC a prospectus related to the offer and sale from time to time of up to 97,876,033 shares of Class A common stock of Robinhood Markets, Inc. by certain selling stockholders

i have written a filter ages ago which used to look for specific patterns in L2 but i never use it for years. the way it behaves is very specific to each stock unless it is a bery large name with trackers. your brain does the work. don’t underestimate the screen time on charts and L2. i am looking at those since 1999.