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833k $CHTR @ 599.98

1600 $CHTR Feb 2022 610 Puts trade $24.42 (CboeTheo=23.11) Above Ask! AMEX IV=32.1% +0.9 LATE - OPENING Vol=3207, OI=6,

3200 $CHTR FEB2022 $610 Ps trade 24.41-24.42

3200 $CHTR FEB2022 $610 Ps trade 24.41-24.42

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Friday, October 29, 2021 Futures Up/Down % Last Dow -45.00 0.13% 35,568 S&P 500 -22.25 0.49% 4,565 Nasdaq -139.50 0.88% 15,625 After trading to all-time highs Thursday for the S&P 500, Dow Jones, and Nasdaq Composite (and a 2% gain for the Russell 2000 as well) on strong earnings as well as positive developments on the spending bill in Washington, futures are pulling back. Shares of tech and retail giants Apple (AAPL) and Amazon (AMZN) are lower by 3% and 4% respectively after AAPL’s iPhone and overall revs miss for the quarter and AMZN drops on a Q3 revs miss, lower op income and lower guidance, sending Nasdaq Futures lower by about 1%. Investor sentiment is also starting to turn cautious amid the steady stream of corporate warnings on inflationary pressures and supply chain woes. Big day of inflation data with the personal spending and income for Sept and PCE inflation data expected at 8:30 AM. The 10-year Treasury yield is up around 1.61%, recovering off mid-week lows around the mid 1.5% level. Bitcoin prices are lower holding around the $60K level while oil futures are on track to snap their 8-week winning streak. In Asian markets, The Nikkei Index rises 0.25% to 28,890, the Shanghai Index gains 0.8% to 3,547, and the Hang Seng Index falls =0.7% to 25,377. In Europe, the German DAX is lower -1.2% to 15,500, while the FTSE 100 down -0.5% at 7,210. Market Closing Prices Yesterday The S&P 500 Index gained 44.74 points, or 0.98%, to 4,596.42 The Dow Jones Industrial Average rose 239.79 points, or 0.68%, to 35,730.48 The Nasdaq Composite surged 212.28 points, or 1.39%, to 15,448.12 The Russell 2000 Index advanced 45.49 points, or 2.02% to 2,297.98 Events Calendar for Today 8:30 AM ET Personal Income for September…est. (-0.2%) 8:30 AM ET Personal Spending for September…prior +0.4% 8:30 AM ET PCE Price Index MoM for September 8:30 AM ET PCE Price Index YoY for September 8:30 AM ET Core PCE Price Index MoM for September…est. +0.2% 8:30 AM ET Core PCE Price Index YoY for September…est. +3.7% 9:45 AM ET Chicago PMI for October…est. 63.5 (prior 64.7) 10:00 AM ET University of Michigan Confidence, Oct-F…est. 71.4 1:00 PM EST Baker Hughes Weekly rig count data Earnings Calendar: Earnings Before the Open: ABBV, AON, B, BAH, CERN, CHD, CHTR, CL, COWN, CVX, DCOM, HUN, IRMD, LHX, PIPR, POR, PSX, PSXP, RUTH, WY, XOM Macro Up/Down Last Nymex 0.34 83.15 Brent 0.37 84.69 Gold -2.95 1,795.95 EUR/USD -0.0029 1.1652 JPY/USD 0.19 113.76 10-Year Note +0.041 1.61% Sector News Breakdown Consumer com (AMZN) shares fall -3%; 3Q EPS $6.12 vs est. $8.92 on sales $110.8B vs est. $111.6B, AWS net sales $16.11B; guides 4Q sales $130-140B vs est. $142B; sees q4 operating income is expected to be between $0 and $3.0 bln, compared with $6.9 bln in q4 2020; in q4, expect to incur several bln dollars of additional costs in consumer business as we manage through labor supply shortages Starbucks (SBUX) Q4 EPS $1.00 vs. est. $0.99; Q4 revs rose 31% to $8.1B vs. est. $8.21B; commits to $20 bln of share repurchases and dividends over next three years; qtrly active Starbucks rewards membership in U.S. approaches 25 mln, up 28% YoY; qtrly comp store sales of 17% globally; qtrly international comp store sales grew 3%; qtrly comp store sales of 22% in U.S.; comp store sales decreased 7% in China Columbia Sportswear (COLM) 3Q EPS $1.52 vs est. $1.33 on revs $804.7Mm vs est. $862Mm; qtrly inventory -7%; guides FY net sales +21.5-23% vs prior +25-26.5% and est. +26.5%, sees FY EPS $4.55-4.80 vs est. $4.65; says believe can achieve mid-teens or better net sales growth in 2022 vs est. +10% Decker’s Outdoors (DECK) 2Q EPS $3.66 vs est. $4.00 on sales $721.9Mm vs est. $765.9Mm, comps +1%; sees FY EPS $14.15-15.15 vs est. $15.15; Gross margin was 50.9% compared to 51.2% for the same period last year; Decker’s also said: UGG(R) brand net sales for the second quarter increased 8.0% to $448.4 million compared to $415.1 million for the same period last year. HOKA(R) brand net sales for the second quarter increased 47.0% to $210.4 million compared to $143.1 million for the same period last year. Teva(R) brand net sales for the second quarter increased 4.0% to $28.8 million compared to $27.7 million for the same period last year. Frontdoor (FTDR) 3Q EPS $0.89 vs est. $0.68 on revs $471Mm vs est. $476.5Mm; guides 4Q revs $330-340Mm vs est. $347.7Mm, sees FY revs $1.59-1.6B vs est. $1.62B Mohawk Industries (MHK) Q3 adj EPS $3.95 vs. est. $3.81; Q3 revs $2.817B vs. est. $2.9B; guides Q4 EPS $2.80-$2.90 vs. est. $3.23 Skecher’s (SKX) Q3 EPS $0.66 vs. est. $0.73; Q3 sales rose 19.2% to $1.55B vs. est. $1.63B; guides Q4 EPS $0.28-$0.33 vs. est. $0.34 and year EPS view cut to $2.45-$2.50 from $2.55-$2.65; cuts FY21 revenue view to $6.15B-$6.2B from $6.15B-$6.25B; Direct-to-Consumer sales grew 44.1% and wholesale sales grew 10.5% SkyWest (SKYW) 3Q adj EPS $1.45 vs est. $0.70 on revs $745Mm vs est. $687.7Mm; says experienced a severe outage in October resulting in about 1,700 flight cancelations and expect may impact 4Q results from $15-20Mm pre-tax; Texas Roadhouse (TXRH) Q3 EPS $0.75 vs est. $0.81 on revenue $869.9M vs est. $869.4M; comp sales +30.2% vs 3Q20, +22.3% vs 2019, partially offset by higher food/beverage costs with commodity inflation 13.9% driven by higher beef prices; sees positive comp sales in FY22, commodity cost inflation in high-teens in 1H22 Energy Chevron (CVX) Q3 adj EPS $2.96 vs. est. $2.21; Q3 revs $43B vs. est. $40.52B; posted net income of $6.11B vs. a loss of $207M a year ago; said Q3 average sales price per barrel of crude oil and natural gas liquids was $58, vs $31 a year earlier Dril-Quip (DRQ) 3Q EPS ($0.31) vs est. ($0.14) on revs $83Mm vs est. $85.6Mm, sees 4Q bookings at high end of $40-60Mm range (unchanged from prior view) First Energy (FE) Q3 adj EPS $0.82 vs. est. $0.79; Q3 revs $3.1B in-line with ests; raises FY21 adj EPS view to $2.55-$2.65 from $2.40-$2.60 (est. $2.54) SM Energy (SM) Q3 EPS $0.69 vs. est. $0.13; Q3 revs $760.24M vs. est. $510.61M; Q3 Production was 14.3 MMBoe (155.8 MBoe/d) and was 56% oil; the Company is increasing guidance for 2021 production volumes to 49.5-50.0 MMBoe (135.6-137.0 MBoe/d) Financials Hartford Financial (HIG) Q3 core EPS $1.26 vs. est. $0.86; Net income ROE for the trailing 12-month period ended Sept. 30, 2021 was 12.3% and core earnings ROE* for the same period was 12.5%; the Commercial Lines combined ratio was 101.2 in third quarter 2021 with an underlying combined ratio* of 87.2, a 6.5-point improvement YoY LPL Financial (LPLA) Q3 EPS $1.77 vs est. $1.75 on revenue $2.02B vs est. $2.05B; total advisory and brokerage assets $1.13 trillion (+40% YoY), organic net new assets $27B (+10% annualized) in the qtr, $110B over past 12-months (+14% annualized) Riley Financial (RILY) announced a $4 dividend, composed of a $3 special one-time payout and a doubling of its regular quarterly dividend to $1 Healthcare 4D Molecular (FDMT)75M share Secondary priced at $25.00 AirSculpt Technologies (AIRS) 7M share IPO priced at $11.00 Aura Biosciences (AURA) 5M share IPO priced at $14.00 Entrada Therapeutics (TRDA)075M share IPO priced at $20.00 Sonendo (SONX)8M share IPO priced at $12.00 Valneva (VALN)5M share Secondary priced at $39.42 Acadia Healthcare (ACHC) Q3 adj EPS in-line at $0.72; Q3 revs $587.6M vs. est. $590.9M; Q3 same facility revenue increased 7.9% YoY, including an increase in revenue per patient day of 5.6% and an increase in patient days of 2.2%; same facility adjusted EBITDA margin was 29.0%; narrowed 2021 revenue to $2.295B-$2.315B vs. est. $2.31B CareDX (CDNA) Q3 adj EPS 7c vs est. 1c on revenue $75.6M vs est. $74M; raised FY21 revenue forecast to $290M-$293M from $280M-$290M DaVita Inc. (DVA) 3Q EPS $2.36 vs est. $2.25 on revs $2.94B, says US dialysis treatments averaged 94,509/day; guides FY adj EPS $8.80-9.15 vs est. $9.19 Dexcom (DXCM) Q3 EPS $0.71 vs. est. $0.63; Q3 revs $650.2M vs. est. $617.82; Based on the strong third quarter results, Dexcom is increasing its guidance for fiscal year 2021 revenue, Non-GAAP gross profit margin, Non-GAAP operating margin, and Adjusted EBITDA margin Gilead Sciences (GILD) 3Q adj EPS $2.65 vs est. $1.75 on revs $7.4B vs est. $6.3B; guides FY total product sales $26-26.3B vs est. $25.14B (sees $21.5B ex Veklury); guides FY adj EPS $7.90-8.10 vs est. $7.19 Nextgen health (NXGN) 2Q adj EPS $0.29 vs est. $0.23 on revs $149.3Mm vs est. $143.4Mm; guides FY revs $584-590Mm vs est. $582.4Mm, sees FY adj EPS $0.90-0.96 vs est. $0.93; says may repurchase up to $60Mm of its outstanding shares through March 2023 PTC Therapeutics (PTCT) Q3 EPS loss ($1.89) vs. est. loss ($1.40); Q3 revs $139M vs. est. $126.44M; raises FY21 rev view for DMD franchise to $400M-$420M from $370M-$390M and narrows R&D and SG&A expenses to $815M-$835M from $825M-$855M. ResMed (RMD) 1Q EPS $1.39 vs est. $1.36 on revs $904Mm vs est. $860.9Mm Seagen (SGEN) Q3 EPS ($1.61) vs est. $(0.58) on revenue $424.1M vs est. $383.1M, total net product sales $366.5M (+37% YoY) Stryker (SYK) Q3 adj EPS $2.20 vs. est. $2.28; Q3 revs $4.16B vs. est. $4.23B; Q3 organic net sales increased 4.5%; raises FY21 adjusted EPS view to $9.08-$9.15 from $8.80-$9.20 (est. $9.30); said now expect 2021 organic net sales growth to be in the range of 7% to 8% from 2019 Industrials & Materials Eastman Chemical (EMN) 3Q adj EPS $2.46 vs est. $2.46 on revs $2.72B vs est. $2.6B; guides FY EPS $8.80-9.00 vs est. $9.09, sees FY FCF about $1.1B; says implementing price increases across specialty product lines to offset higher costs, expect to be caught up in early 2022 Ecolab (ECL) to acquire Purolite, a leading global provider of fast-growing, high value separation and purification solutions to life sciences and critical industrial markets; Ecolab to pay approximately $3.7 billion in cash Fortive (FTV) Q3 adj EPS $0.66 vs. est. $0.65; Q3 revs $1.3B vs. est. $1.32B; raises FY21 adj EPS view to $2.70-$2.75 from $2.65-$2.75 (est. $2.72); said Delivered significant margin improvement, strong adjusted operating margin expansion and robust cash flow growth Hub Group (HUBG) Q3 EPS $1.28 vs est. $1.10 on in-line revs $1.08B; raises FY21 EPS $3.90-$4 from $3.50-$3.70 vs est. $3.66, still sees rev growth in the high-teens Huntington Ingalls (HII) 2Q adj EPS $1.71 vs est. $1.17 on revs $537Mm vs est. $375.6Mm L3Harris Technologies (LHX) raises FY21 adjusted EPS view to $12.85-$13.00 from $12.80-$13.00 and lowers FY21 revenue view to approximately $17.9B from $18.1B-$18.5B Mercer Int’l (MERC) 3Q EPS $1.04 vs est. $0.83 on revs $469.7Mm vs est. $452.9Mm Polymetal International PLC (POLY) 2Q adj EPS $0.77 vs est. $0.56 on revs $419Mm vs est. $428.4Mm; guides FY adj EPS $2.30-2.70 vs est. $3.10, sees FY revs $1.675-1.725B vs est. $1.8B Republic Service (RSG) 3Q adj EPS $1.11 vs est. $1.05 on revs $2.93B vs est. $2.84B; guides FY adj EPS $4.10-4.13 from prior $4.00-$4.05 and vs est. $4.05 Terex Corp. (TEX) 3Q EPS $0.67 vs est. $0.72 on sales $993.8Mm vs est. $1.0B; guides FY sales $3.85B vs est. $3.86B, sees FY EPS $2.75-2.85 vs est. $2.82 Werner Enterprise (WERN) Q3 EPS $0.94 vs. est. $0.95; Q3 revs $702.9M vs. est. $700.8M S. Steel (X) announces a $300 million stock repurchase program and increases its quarterly dividend to $0.05 per share; Q3 adjusted EPS $5.36 tops consensus $4.85; Q3 revs $5.96B vs. est. $5.79B

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Tuesday, September 28, 2021 Futures Up/Down % Last Dow -120.00 0.37% 34,614 S&P 500 -36.25 0.81% 4,397 Nasdaq -232.50 1.53% 14,962 U.S. stock futures are sharply lower, extending losses in tech as Treasury yields keep climbing (10-year hit 1.55% overnight), hitting growth stocks while the debt ceiling showdown in Washington D.C. intensifies with markets awaiting news on the House vote Thursday on the $1T bipartisan infrastructure bill, as Democrats work to build a consensus on the $3.5T reconciliation bill. If the two sides can’t agree on the bill that Democrats recently attached to the federal debt ceiling limit, the country could see a partial gov’t shutdown by Friday. Politico reported that Democrats are hinting they could be willing to drop the debt ceiling from their government funding package this week in order to avoid a government shutdown. The 10-year Treasury yield is up more than 4 basis points to 1.53% after topping 1.55% earlier while the 5-year is setting new records for the year and is up 2 bps to 1.02%. There will be an auction of $62B in 7-year notes this afternoon. The move higher is coming as concerns about inflation rise, especially in commodities as oil is up again, with WTI futures above $76 per barrel and Brent futures topping $80. In Asian markets, The Nikkei Index fell -56 points to 30,183, the Shanghai Index gained 19 points to 3,602 and the Hang Seng Index climbed 291 points to 24,500. In Europe, the German DAX is down -180 points (1.15%) to drops below 15,400, while the FTSE 100 slides -30 points to 7.025. The Dow Jones Industrial Average advanced on Monday with the S&P 500 and Nasdaq falling amid rising Treasury yields (up a 5th straight day) raising concerns for growth stocks while global oil price reached its highest level since October 2018. Brent crude gains 2.1% to $78.81, sending the energy sector soaring and WTI crude topped $75 per barrel, also best levels in about 3-years. Durable goods orders posted their biggest increase since May, rising 1.8% for August and handily beating economists. Notably, small-capitalization stocks advanced sharply on the session, aided by a gain in energy shares which themselves were helped by a rally in crude-oil prices. U.S. natural gas futures soared 11% to a seven-year high as record global gas prices kept demand for U.S. liquefied natural gas ($LNG) exports strong. On its second to last day as the front-month, gas futures for October delivery rose 56.6 cents, or 11.0%, to settle at $5.706 per million British thermal units (highest close since February 2014). Market Closing Prices Yesterday The S&P 500 Index slipped -12.37 points, or 0.28%, to 4,443.11 The Dow Jones Industrial Average rose 71.37 points, or 0.21%, to 34,869.37 The Nasdaq Composite dropped -77.73 points, or 0.52%, to 14,969.97 The Russell 2000 Index advanced 32.93 points, or 1.46% to 2,281.00 Events Calendar for Today 7:45 AM ET ICSC Weekly Retail Sales 8:30 AM ET Advance Goods Trade Balance for Aug 8:30 AM ET Wholesale Inventories for Aug 8:55 AM ET Johnson/Redbook Weekly Sales 9:00 AM ET Monthly Home Price MoM for July 9:00 AM ET S&P CaseShiller 20 City MoM for July 10:00 AM ET Consumer Confidence for Sept 10:00 AM ET Richmond Fed Index for Sept 1:00 PM ET U.S. to sell $62 bln 7-year notes 4:30 PM ET API Weekly Inventory Data Earnings Calendar: Earnings Before the Open: FDS, SNX, THO, UNFI Earnings After the Close: CALM, MU, NTWK, PCYG, PEYE Other Key Events: BMO Capital Washington DC Property Tour, 9/27-9/28 Cantor Global Healthcare Conference (virtual), 9/27-9/30 Oppenheimer ESG Summit: Navigating the ESG & Climate Transition, 9/28 Wolfe Utilities & Midstream Conference 2021, 9/28-9/31 Macro Up/Down Last Nymex 0.87 76.32 Brent 0.66 80.19 Gold -12.00 1,738.00 EUR/USD -0.0016 1.1679 JPY/USD 0.37 111.37 10-Year Note +0.036 1.52% World News Senate GOP (as expected) blocks bill that would fund government and suspend debt limit, as time runs short to avoid shutdown and default. Lawmakers have to pass an appropriations bill by Thursday to avoid a shutdown, and need to suspend or increase the debt limit sometime in the coming weeks to prevent a default Goldman’s revised China GDP forecast to 0% Q/Q in Q3, down from 1.3% and cuts China 2021 GDP growth forecast to 7.8% vs. 8.2% Sector News Breakdown Consumer Endeavor Group Holdings, Inc. ($EDR) shares rise 10% as has entered into an agreement to acquire OpenBet, a leading content, platform and service provider to the sports betting industry, from Scientific Games Corporation (SGMS) for $1.2 billion paid through a combination of cash ($1 billion) and Endeavor’s Class A common stock ($200 million). Ford ($F) unveiled plans to team with South Korean battery maker SK Innovation to spend $11.4B to build an electric F-150 assembly plant and three battery plants in the U.S., in a substantial acceleration of its push into electric vehicles. Ford will build two massive battery factories in Glendale, Ky., and a third in Stanton, Tenn., alongside a new truck factory set to begin producing electric F-series pickups by 2025 Manchester United plc ($MANU) files for potential mixed shelf; size not disclosed Energy, Industrials and Materials Sempra Energy ($SRE) updating its 2021 financial guidance. As full-year 2021 GAAP earnings-per-common-share (EPS) guidance range is updated from $7.41 to $8.01 to $3.83 to $4.43, while the company is also guiding to the upper end of the range for its full-year 2021 adjusted EPS guidance of $7.75 to $8.35 Activist hedge fund Starboard Value LP has a more-than-8% stake in Huntsman Corp. ($HUN) and plans to agitate for change at the chemical’s producer, according to people familiar with the matter, the WSJ reported after the close last night. Huntsman has a market value of roughly $6.3 billion, making Starboard’s stake worth around $500 million or more Agnico Eagle Mines Limited ($AEM) and Kirkland Lake Gold Ltd. ($KL) have entered into an agreement to combine in a merger of equals, with the combined company to continue under the name “Agnico Eagle Mines Limited”. Kirkland Lake Gold shareholders will receive 0.7935 of an Agnico Eagle common share for each Kirkland Lake Gold common share held Financials Concentrix Corporation ($CNXC) Q3 EPS $2.49 vs. est. $2.24; Q3 revs $1.397B vs. est. $1.38B; sees Q4 revs $1.44B-$1.48B; board has authorized co to purchase up to $500 mln of co’s outstanding shares from time to time; raises double-digit revenue growth expectations for the full year Montrose Environmental Group Inc. ($MEG) said it intends to offer for sale 1.8 mln shares of its common stock in an underwritten public offering IHS Markit ($INFO) Q3 adj EPS $0.85 vs. est.$0.83; Q3 revs $1.18B vs. est. $1.17B; raises FY21 adjusted EPS view to $3.18-$3.20 from $3.15-$3.17 (est. $3.17) and lowers FY21 revenue view to $4.61B-$4.63B from $4.635B-$4.675B Healthcare Merck (MRK) is in advanced discussions to acquire Acceleron Pharma ($XLRN), with the deal potentially being announced this week if talks do not break down, the WSJ reported. https://on.wsj.com/3F7QtzV . Recall shares of XLRN rose yesterday after Bloomberg had reported is in advanced discussions to be acquired by a large pharmaceutical company for about $180 a share in cash https://bloom.bg/3ANfEVx Aurora Cannabis Inc. ($ACB) Q4 revenue C$54.8M vs. est. C$56.3M and vs. C$68.4M last year; Q4 adjusted EBITDA (C$19.3M) vs. (C$33.3M) last year; business transformation plan on track; reiterates annual cost savings of $60M-$80M; qtrly medical cannabis net revenue was $35.0M, a 9% increase from prior year period; qtrly adjusted Ebitda loss, excluding restructuring costs, narrows to $13.9M Pfizer ($PFE) phase 1 randomized study of MRNA-based next generation flu vaccine program will take place in united states Ziopharm Oncology ($ZIOP) announces strategic reduction in workforce and extension in cash runway AstraZeneca PLC ($AZN) said that Saphnelo has been approved in Japan for the treatment of adult patients with systemic lupus erythematosus, or SLE, who show an insufficient response to standard treatment. Biogen ($BIIB) and Eisai ($ESALY) initiated a rolling submission to the U.S. FDA of a Biologics License Application for lecanemab, the company’s investigational anti-amyloid beta protofibril antibody, for the treatment of early Alzheimer’s disease Sanofi ($SNY) announces positive interim results from a Phase 1/2 study of its mRNA-based COVID-19 vaccine candidate. Technology, Media & Telecom Charter Communications ($CHTR) subsidiaries Charter Communications Operating, LLC and Charter Communications Operating Capital Corp. have priced $4B of notes in three tranches. Microchip ($MCHP) downgraded to Equal Weight from Overweight at Wells Fargo Sirius XM ($SIRI) upgraded to Equal Weight from Underweight at Barclays The U.S. Equal Employment Opportunity Commission, or EEOC, is suing Activision Blizzard (ATVI) over claims that it fostered a toxic work environment defined by sexual misconduct and discrimination

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Monday, July 12, 2021 Futures Up/Down % Last Dow -182.00 0.52% 34,569 S&P 500 -12.25 0.29% 4,347 Nasdaq 34.50 0.23% 14,845 Stock futures looking mixed to start the week as the Nasdaq Comp is pointing higher while the Dow and S&P 500 look to open lower as investors turn their attention to second-quarter earnings season starting this week in order to gauge whether corporate profitability can support equity valuations. In corporate news, Virgin Galactic ($SPCE) announced that VSS Unity “successfully” reached space, completing the company’s fourth rocket-powered spaceflight, and sending shares higher. Items to watch during the week outside of earnings include the latest figures on inflation and growth. The June consumer price index will be published tomorrow, while the producer price reading will be announced on Wednesday. Also, Fed Chair Jerome Powell is also due to give his semiannual monetary policy report before the U.S. House and Senate on Wednesday and Thursday Stocks posted big gains on Friday, helping major averages close out the week in positive territory as the S&P 500 rose 0.36% the last 5-days, the Dow added 0.24%, and the Nasdaq gained 0.43% as top indices major averages cement their third-straight weekly gain. The big news last week was the precipitous drop in Treasury yields, dropping 8-straight days before having its streak snapped Friday, a day after the 10-year hit 5-month lows of 1.25%. All three indexes are heading toward closing highs, just a few days after notching the worst daily drop since June 18th mid-week. The declines had been at least partly inspired by worries about the economic recovery amid the spread of the delta variant of COVID-19. In Asian markets, The Nikkei Index surged over 600 points or 2.25% to settle at 28,569. the Shanghai Index climbed 23 points to 3,547 and the Hang Seng Index advanced 170 points to 27,515. In Europe, the German DAX is down roughly -25 points to 15,660, while the FTSE 100 is looking lower about -50 points to 7,075. Mainland China stocks gain even after Beijing tightens rules for foreign IPOs and Washington adds Chinese firms to its economic blacklist Market Closing Prices Yesterday The S&P 500 Index gained 48.73 points, or 1.13%, to 4,369.55 The Dow Jones Industrial Average rose 448.26 points, or 1.30%, to 34,870.16 The Nasdaq Composite jumped 142.12 points, or 0.98%, to 14,701.92 The Russell 2000 Index advanced 48.32 points, or 2.17% to 2,280.00 Earnings Calendar: Earnings Before the Open: none Earnings After the Close: $SLP, $VOXX Other Key Events: China Imports, Export and Trade Balance data for June Macro Up/Down Last Nymex -1.12 73.44 Brent -1.07 74.48 Gold -7.75 1,800.55 EUR/USD -0.0022 1.1854 JPY/USD -0.03 110.11 10-Year Note -0.02 1.336% Sector News Breakdown Consumer Didi Global Inc ($DIDI) shares fall -4%; on Monday confirmed the country’s cyberspace administration notified app stores to remove the ride hailing company’s 25 apps and said the move could impact its China revenue Malibu Boats ($MBUU) mentioned favorably in Barron’s saying the stock is looking ready to power through, noting buying a boat this summer has been futile for many shoppers as dealers have been sold out for months. Says even if sales cool off, Malibu should sustain growth, bolstered by market-leading brands, lean manufacturing, and innovative technologies fueling demand Energy, Industrials and Materials Virgin Galactic’s ($SPCE) VSS Unity successfully completed its flight into space with company founder Richard Branson on board, making him the second-oldest person to fly in space, and beating out Amazon ($AMZN) founder Jeff Bezos, who’s scheduled to fly in Blue Origin’s New Shepard ship on July 20. Stephen R. Rizzone to retire as president and CEO of Energous Corporation ($WATT); has also relinquished his seat on company’s board of directors; CEO search has been initiated and both internal and external candidates are being considered Tudor Perini ($TPC) subsidiary Lunda Construction Team awarded $220 Million I-70 Missouri River Bridge design-build project Credit Suisse analyst expects steel stocks to stay hot on the view that their upcycle will linger according to Barron’s, noting that may be good news for United States Steel ($X), Cleveland-Cliffs ($CLF), Steel Dynamics ($STLD), Graftech International ($EAF) and Nucor ($NUE) Financials Citigroup ($C) a positive mention in Barron’s ahead of earnings this week for the large cap banks saying JPMorgan ($JPM), Goldman Sachs ($GS), and others are expected to report, but investors shouldn’t get their hopes up. Says few are as cheap as Citigroup (C$) Through a wholly-owned subsidiary NBTC Limited, The9 Limited ($NCTY) has signed a cryptocurrency mining hosting agreement with Russian company BitRiver Healthcare AstraZeneca ($AZN) mentioned positively in Barron’s saying investors should remember that AstraZeneca is not just a vaccine company, it has a strong pipeline, a growing number of $1 billion blockbuster drugs and, with EU and U.S. approval of its acquisition of Alexion Pharmaceuticals (ALXN), a promising new rare-diseases division Celldex Therapeutics ($CLDX) updated early-stage trial data for CDX-0159, indicating 95% complete response following a single dose in patients with two most common forms of chronic inducible urticaria, a skin condition FDA chief Janet Woodcock has called for a federal investigation into the approval of Biogen’s ($BIIB) controversial Alzheimer’s drug, Aduhelm, asking the independent Office of Inspector General to look into how regulatory staffers interacted with Biogen leading up to the June 7 approval of the drug – WSJ Sinovac Biotech Ltd. ($SVA) said it will provide up to 380 million doses of its CoronaVac Covid-19 vaccine through Covax, a facility for supplying vaccines to poorer nations, as part of an advance purchase agreement with Gavi, the Vaccine Alliance. Technology, Media & Telecom Some Chinese stocks are starting to look like bargain after a wave of regulatory measures has created the type of uncertainty that draws bargain hunters, according to Barron’s Technology giants like Alibaba Group ($BABA), whose shares are down 11% this year, are popping up on value managers’ radars but caution is warranted, especially for investors in U.S.-listed shares of Chinese companies saying volatility is likely, with investors recalibrating growth expectations as Beijing rolls out new rules, and reviews past deals, the publication says AMC Entertainment ($AMC), Cinemark ($CNK): Walt Disney Co.’s ($DIS) “Black Widow” grossed $80 million in the U.S. and Canada, according to preliminary studio estimates, building on the recent success of the latest “Fast & Furious” film, “F9: The Fast Saga,” two weeks ago which grossed $70 million in its opening weekend. IMAX Corporation ($IMAX) soared to a $12 million debut for Marvel Studios’ “Black Widow,” reaching its highest grossing opening weekend of the pandemic era in 11 markets worldwide, including North America China’s market regulator on Saturday said it decided to block Tencent Holdings ($TCEHY) plan to merge the country’s top two videogame streaming sites, Huya ($HUYA) and DouYu ($DOYU) on antitrust grounds. The State Administration of Market Regulation said the decision was made after reviewing additional concessions proposed by Tencent for the merger Charter Communications ($CHTR) downgraded to Market Perform from Outperform at Bernstein @everyone

Upgrades 6/17: $ABEV $ACOR $ATUS $BK $BOOT $CHTR $CPA $ENB $IR $MC $NOAH $PDCO $T $VEON . Downgrades 6/17: $BNL $CNST $CONE $CVAC $CWH $HNST $KIN $LPL $MSGE $NTRS $OHI $THO $VOYA $WGO $WRE

CHTR - Sell May-21-21 695/700 Call Vertical @ 2.05 RISKY profit. - 205 loss 295

+Initiations 1/7: $ACCD $AIRC $ARAY $ARCT $AWK $BDTX $CHTR $CVLB $DADA $EVH $INCY $INOV $KNOP $MGTA $NOG $NTST $ORTX $TDOC $TLMD $VEEV . -Initiations 1/7: $FMCC

$CHTR - 1 DP print today - 750,000 shares @ 653.37 average - $490,027,500

$CHTR mentioned squeeze mode this days

some possible squeeze coming: $CHTR, $SNAP, $UBER, $DDOG, $PTON. $BYND, $ZS, $ETSY