$MRVL

$NUE, $SBUX, $AMD, $SNAP, $COF, $MRVL, $BK, $CCI, $KKR,

1942 $MRVL Oct21 67.5 Calls trade $0.70

1942 $MRVL Oct21 67.5 Calls trade $0.70

1942 $MRVL Oct21 67.5 Calls trade $0.70 (FT Theo=0.70) MIDMKT EDGX IV=32.8% -3.7 ISO/AUCTION - OPENING Post-Earnings Vol=2901, OI=134,

Upgrades 8/27: $BAP $FTCH $OLLI $PLAY $PTON  . Downgrades 8/27: $AAP $APLT $AZO $BIG $CNX $DLTR $EYE $FIVE $HPQ $MRVL $ORLY $PTR $ULTA

Friday, August 27, 2021 Futures Up/Down % Last Dow 84.00 0.24% 35,244 S&P 500 13.25 0.30% 4,479 Nasdaq 54.50 0.35% 15,328 U.S. futures are pointing to a rebound for U.S. stocks as markets prepare for a speech from Federal Reserve Chairman Jerome Powell that could provide with clues about the central bank’s timeline for pulling back on stimulus. The yield on the benchmark 10-year Treasury dipped Friday to 1.345% as investors awaited Powell’s speech at the Jackson Hole symposium, while U.S. stocks bounce after yesterday’s decline. Wall Street closed lower on Thursday, ending a streak of all-time closing highs on concerns over developments in Afghanistan, while fears of a potential shift in U.S. Federal Reserve policy prompted a broad but shallow sell-off. All three major U.S. stock indexes ended the session in the red, with the S&P and the Nasdaq notching their first down day in six. The sell-off firmed after hawkish commentary Dallas President Robert Kaplan who said he believes the economic recovery warrants tapering to commence in October, St. Louis’s James Bullard called for a start in the fall, while Kansas City’s Esther George said a move should be made sometime this year (none are policy voters in 2021). Meanwhile, the economy grew at a slightly faster pace than originally reported in the second quarter, fully recovering its losses from the most abrupt downturn in U.S. history, according to the Commerce Department. But jobless claims, though still on a downward trajectory, ticked higher last week. In Asian markets, The Nikkei Index fell -101 points to 27,641, the Shanghai Index rose 20 points to 3,522, and the Hang Seng Index was down slightly at 25,407. In Europe, the German DAX is little changed at 15,790, while the FTSE 100 is also little changed at 7,125. Events Calendar for Today 8:30 AM ET Personal Income MoM for July…est. 0.2% 8:30 AM ET Personal Spending MoM for July…est. 0.3% 8:30 AM ET PCE Price Index MoM for July…est. 8:30 AM ET PCE Price Index YoY for July 8:30 AM ET Core PCE Price Index MoM for July…est. 0.3% 8:30 AM ET Core PCE Price Index YoY for July…est. 3.6% 8:30 AM ET Advance Goods Trade Balance for July 10:00 AM ET University of Michigan Confidence, Aug-F…est. 70.7 1:00 PM EST Baker Hughes Weekly rig count data Earnings Calendar: Earnings Before the Open: BIG, HIBB Other Key Events: UBS China Telco, Media, Internet Virtual Conference 2021, 8/23-8/27 Jackson Hole 2021 Economic Policy Symposium, 8/26-8/28 Market Closing Prices Yesterday The S&P 500 Index slumped -26.19 points, or 0.58%, to 4,470.00 The Dow Jones Industrial Average fell -192.38 points, or 0.54%, to 35,213.12 The Nasdaq Composite dropped -96.05 points, or 0.64%, to 14,945.81 The Russell 2000 Index declined -25.29 points, or 1.13% to 2,213.98 Macro Up/Down Last Nymex 1.10 68/52 Brent 1.06 72.13 Gold 2.85 1,795.25 EUR/USD 0.0005 1.1757 JPY/USD 0.04 110.13 10-Year Note +0.00 1.344% Sector News Breakdown Consumer Gap Inc. ($GPS) 2Q adj EPS $0.70 vs est. $0.46 on revs $4.2B vs est. $4.13B, Gap global comps -5%, ON global comps flat; guides FY adj EPS $2.10-2.25 from $1.60-$1.75 and vs est. $1.80, sees FY sales about +30% vs est. +24.3% Peloton ($PTON) disappoints as misses top/bottom line, slashes price on bikes and warns of higher costs; 4Q revs $937Mm vs est. $927.2Mm, EPS loss ($1.05) vs est. ($0.45), 4Q avg net monthly connected fitness churn 0.73%; guides 1Q revs about $800Mm below est. $1B; identified material weakness over financial reporting with respect to identification and valuation of inventory; won’t result in any restatements of historical results Big Lots ($BIG) shares fall -8%; Q2 EPS $1.09 vs. est. $1.13; Q2 revs $1.46B vs. est. $1.48B; Q2 comp store sales fell (-13.2%) vs. est. decline (-11.4%); sees Q3 EPS loss (20c-10c) vs. est. +$0.09; expects full-year EPS of $5.90 to $6.05, which is below expectations of $6.66 Hibbett Sports ($HIBB) Q2 EPS $2.86 vs. est. $1.42; Q2 revs $419.3M vs. est. $320.89M; Q2 comp store sales fell (-6.4%) as brick-and-mortar comparable sales declined (-3.8%) and e-commerce sales decreased (-20.4%); raises FY22 GAAP EPS view to $11.00-$11.50 from $8.50-$9.00 (est. $9.19); raises year comp sales view to positive mid-teens, up from prior range of positive high-single digits to positive low-double digits F45 Training Holdings Inc. ($FXLV) 2Q EPS ($1.04) vs est. $0.02 on revs $26.8Mm vs est. $24.5Mm, comps +126%; guides FY revs $132-137Mm vs est. $131.5Mm Ollie’s Bargain ($OLLI) Q2 adj EPS $0.52 vs. est. $0.55; Q2 revs $415.9M vs. est. $435.9M; Q2 comp store sales down (-28.0%) from prior year Energy, Industrials and Materials Select Energy ($WTTR) files to sell 3.6M shares of Class A common stock for holders Financials WesBanco Inc. ($WSBC) board authorized adoption of new stock repurchase plan for purchase of up to an additional 3.2 mln shares WEX Inc. ($WEX), announced that its Board of Directors has extended its share repurchase program that was initiated in 2017 and was set to expire on September 30, 2021. Under the renewed repurchase program, the Company may repurchase up to $150 million worth of the company’s common stock. Technology, Media & Telecom com Holdings ($BILL) Q4 Non-GAAP EPS loss (-$0.07) vs. est. loss (-$0.04); Q4 revs rose 86% to $78.3M vs. est. $62.1M; Q4 Organic Core Revenue Increased 73% YoY; Q4 Transaction Fees Increased 204% YoY; Subscription fees were $31.2M, up 32% YoY; sees Q1 EPS loss 921c-20c) on revs %=$103.2M-$104.2M vs. est. loss (5c) and $67.8M Dell Inc. ($DELL) Q2 Non-GAAP EPS $2.24 vs. est. $2.03; Q2 revs $26.1B vs. est. $25.53B; client solutions group revenue for q2 was up 27% to $14.3B; said qtrly VMware revenue was $3.15B, up 8%; said expects to pay down at least $16.0B in debt for FY 2022; ended qtr with remaining performance obligations of $46B, up 24% and cash and investments of $13.6B Domo Inc. ($DOMO) 2Q adj EPS ($0.30) vs est. ($0.36) on revs $62.8Mm vs est. $60.9Mm; guides 3Q revs $63.5-64.5Mm vs est. $63.4Mm, sees adj EPS loss $0.33-0.37 vs est. loss $0.37; guides FY adj EPS loss $1.31-1.39 vs est. loss $1.34 Hewlett-Packard ($HPQ) 3Q adj EPS $1.00 vs est. $0.84 on revs $15.3B vs est. $15.9B; guides 4Q adj EPS $0.84-0.90 vs est. $0.81; guides FY adj EPS $3.69-3.75 vs est. $3.49 Marvell Technology (MRVL) Q2 adj EPS $0.34 vs. est. $0.31; Q2 revs $1.076B vs. est. $1.08B; sees Q3 EPS $0.10 plus/minus $0.04 vs. est. $0.37; sees Q3 revs $1.145B plus/minus 3% vs. est. $1.15B NXP Semiconductor ($NXPI) approved a $2 bln expansion of its 2021 share repurchase program and has approved payment of an interim dividend of $0.5625 per ordinary share for Q3 VMWare ($VMW) Q2 Non-GAAP EPS $1.75 vs. est. $1.64; Q2 revs $3.14B vs. est. $3.1B; said Q2 Subscription and SaaS ARR increasing 26% year-over-year to $3.2 billion; said remain on track for planned spin-off from Dell Technologies Inc. in early Nov 2021; combination of subscription and SaaS and license revenue was $1.51 billion, an increase of 12% QoQ; subscription and SaaS revenue for Q2 was $776 million, an increase of 23% YoY Workday ($WDAY) Q2 EPS $1.23 vs. est. $0.78; Q2 revs $1.26B vs est. $1.24B, subscription revs $1.11B +19.5%; qtr end subscription revenue backlog $10.58B +23.1%; adj op margin 23.2% vs est. 19.6% Mogu ($MOGU) announces new $10M share repurchase program Apple Inc ($AAPL) on Thursday said it had reached a proposed settlement on a class-action lawsuit brought by small developers on its App Store and would make changes to its business as a result. Alibaba ($BABA) shares fall after China is seeking to tighten oversight of the algorithms technology companies use to drive their business, issuing far-reaching draft rules in Beijing’s latest move to crackdown on its internet sector.

Thursday, August 26, 2021 Futures Up/Down % Last Dow 8.00 0.02% 35,368 S&P 500 -4.25 0.09% 4,489 Nasdaq -30.50 0.20% 15,334 Another day, and another record high for the S&P 500 and Nasdaq Composite on Wednesday, but overnight futures paint a mixed picture amid a retreat in technology shares and caution ahead of a Federal Reserve gathering that may provide more clues about its approach to paring stimulus. With few negative catalysts to dampen the risk-on sentiment, all three major U.S. indexes crept modestly higher on Tuesday. The S&P 500 was able to notch its 51st record close of the year and the Nasdaq its 30th record closing highs for 2021. With the gains, the SPX and Nasdaq have now both risen 5-straight days (the Dow is on a 4-day win streak) – but volume on U.S. exchanges was just 8.29 billion shares, making it one of the slowest trading days of the year. In Asian markets, The Nikkei Index rose 17 points to 27,742, the Shanghai Index fell -38 points to hold just above the 3,500 level and the Hang Seng Index fell -278 points to 25,415. In Europe, the German DAX is down over -100 points to 15,755, while the FTSE 100 fell about -30 points to 7,120. On the calendar today, U.S. Q2 GDP is expected to be revised up to a 6.7% clip versus the disappointing 6.5% pace from the Advance report and weekly jobless claims are expected to be 350K, but focus still remains on tomorrow’s Jackson Hole speech from Fed Chair Powell for clues on the timing of a tapering of monetary stimulus. U.S. Treasury yields rose overnight, with that on the benchmark 10-year Treasury note hitting 1.359% for the first time since Aug. 13. There were a handful of earnings results in the software space moving tech as well with ADSK, SNOW,CRM, SPLK, ESTC all out with results, while in retail, WSM rises on its results. Events Calendar for Today 8:30 AM ET Gross Domestic Product (GDP) Q2-second est. 6.7% 8:30 AM ET GDP Price Deflator Q2-prelim…est. 6.0% 8:30 AM ET GDP Consumer Spending, prelim Q2…est. 8:30 AM ET PCE Prices for Q2-E…prior 6.4% 8:30 AM ET Core PCE prelim Q2-E…est. 6.1% 8:30 AM ET Weekly Jobless Claims…est. 350K 8:30 AM EST Continuing Claims…est. 2.79M 10:30 AM ET Weekly EIA Natural Gas Inventory Data 11:00 AM ET Kansas City Fed Manufacturing, for Aug Earnings Calendar: Earnings Before the Open: ANF, BBW, BURL, COTY, DG, DLTR, FLWS, HAIN, LANC, MBUU, MOV, RGS, SAFM, SJM, TITN Earnings After the Close: BILL, $DELL, DOMO, FXLV, GPS, HPQ, LTRX, $MRVL, OLLI, $PTON, RCEL, RPID, VMW, $WDAY Other Key Events: UBS China Telco, Media, Internet Virtual Conference 2021, 8/23-8/27 Piper Sandler MedTech and Diagnostics California Bus Tour (virtual), 8/24-8/26 Jackson Hole 2021 Economic Policy Symposium, 8/26-8/28 Market Closing Prices Yesterday The S&P 500 Index gained 9.96 points, or 0.22%, to 4,496.19 The Dow Jones Industrial Average rose 39.24 points, or 0.11%, to 35,405.50 The Nasdaq Composite edged higher 22.06 points, or 0.15%, to 15,041.86 The Russell 2000 Index advanced 8.36 points, or 0.37% to 2,239.27 Macro Up/Down Last Nymex -0.65 67.71 Brent -0.60 71.65 Gold -4.25 1,786.75 EUR/USD -0.0000 1.1772 JPY/USD 0.11 110.13 10-Year Note +0.005 1.349% Sector News Breakdown Consumer Guess Inc. ($GES) shares fell -6% Q2 EPS $0.91 vs. est. $0.70; Q2 revs $628.6M vs. est. $648.6M; expect revenues in q3 of fiscal 2022 to be slightly negative to flat versus q3 of fiscal 2020; for FY22, assuming no additional covid-related shutdowns past q2, expect revenues to be down mid-single digits versus fiscal 2020; increases share repurchase authorization to $200M; increasing long-term operating margin goal to 12% and adjusted earnings per share to $3.50 by fiscal 2024 Ulta ($ULTA) Q2 EPS $4.56 vs est. $2.42 on net sales $1.97B vs est. $1.76B, comp sales +56.3% (+13.1% vs 2Q19) vs est. +44.8%, gross margin 40.6% vs est. 35.9%; raised full-year outlook for EPS to $14.50-$14.70 (est. $12.50) from $11.50-$11.95 and sales to $8.1B-$8.3B (est. $7.92B) from $7.7B-$7.8B, comp sales +30-32%; sees 44 new net stores in FY21 William Sonoma ($WSM) shares rise 12%; announces a 20% quarterly dividend increase and a new $1.25 billion stock repurchase; Q2 adj EPS $3.24 vs est. $2.61 on revenue $1.95B vs est. $1.49B, quarterly comp brand revenue growth +29.8%; now sees full-year net revenue growth in high-teens to low-20s from low-double digit to mid-teens; for long-term, company is planning net rev growth mid-to-high single digits with accelerated path to $10B in net rev over next 4 years XPeng (XPEV) reports Q2 deliveries growth of 439% Y/Y and 30.4% Q/Q to 17,398 units; P7 deliveries rose 44.5% Q/Q to 11,522 units, of which 97% can support XPILOT 2.5 or XPILOT 3.0; revenues from vehicle sales increased 562.4% to $555.1M, mainly due to higher vehicle delivery, especially for the P7 Energy, Industrials and Materials ABM Industries ($ABM) announced that it has reached a definitive agreement to acquire Able Services, a facilities services company headquartered in San Francisco, in a cash transaction valued at $830M Raven ($RAVN) Q2 EPS $0.19 vs. est. $0.17; Q2 revs $114.4M vs. est. $103.5M. Transocean Ltd. ($RIG) announced that BOE Exploration & Production LLC awarded Transocean a $252 million firm contract for its newbuild ultra-deepwater drillship, the Deepwater Atlas Financials SelectQuote ($SLQT) shares tumble as Q4 EPS $0.02 vs. est. $0.04; Q4 revs $188.4M vs. est. $184.9M; Q4 Adjusted EBITDA of $21.3M, down 47% YoY Bitcoin prices are tumbling as the largest cryptocurrency fell as much as 4.4% Thursday to $46,588, with other tokens including Ether retreating as well, paring Bitcoin’s rally since a July low to some 60% (after topping the $50K level for the first time in 3-months on Monday) Healthcare Becton Dickinson’s ($BDX) BD Veritor At-Home COVID-19 Test has received an Emergency Use Authorization from the FDA, the first at-home COVID-19 rapid antigen test to use computer vision technology in a smartphone to interpret and provide a digital display of testing results BioCryst ($BCRX) announced that the new drug submission for Orladeyo has been accepted for review by Health Canada for the prevention of recurrent attacks in patients with hereditary angioedema, or HAE, 12 years and older Exelixis ($EXEL) announces partner Takeda and ono receive approval in Japan for Cabometyx® (cabozantinib) in combination with Opdivo® (nivolumab) for treatment of unresectable or metastatic renal cell carcinoma Lannett ($LCI) Q4 adj EPS loss (-$0.19) vs. est. loss (-$0.12); Q4 revs $106M vs. est. $110.63M; sees FY22 revenue $400M-$440M vs. est. $472.06M; sees FY22 adjusted EBITDA $40M-$55M RenovoRx ($RNXT)85M share IPO priced at $9.00 Software Autodesk ($ADSK) shares fell -6%; Q2 adj EPS $1.21 vs. est. $1.13; Q2 revs $1.06B vs. est. $1.05B; sees Q3 adj EPS $1.22-$1.28 vs. est. $1.26; sees Q3 revenue $1.11B-$1.125B vs. est. $1.11B; Q2 Total billings increased 29% to $1,015B Box Inc. (BOX) Q2 EPS $0.21 vs. est. $0.18; Q2 revs $214.5M vs. est. $212.45M; Non-GAAP operating margin was 21%, a point better than projected earlier in the month; Remaining performance obligations, a measure of work contracted for but not yet delivered, was up 27%, to $922.4 million. Free cash flow was $29.8 million, up from $13.3 million in the year-earlier quarter; sees Q3 EPS 20c-21c vs. est. 20c; sees Q3 revenue $218M-$219M vs. est. $216.6M Elastic NV ($ESTC) Q1 EPS $0.04 vs. est. loss (-$0.10); Q1 revs $193.1M vs. est. $173.17M; Q1 Cloud revs up 89% YoY to $61.5M, or 85% on a constant currency basis; Q1 Calculated billings up 27% YoY to $165.0M, or 23% on a constant currency basis; Q1 deferred revenue was $364.4M, an increase of 31% YoY; Q1 total subscription customer count was over 16,000, compared to over 15,000 in Q4 FY21; sees FY22 EPS loss (67c) to (57c) vs. est. loss (50c); sees FY22 revs $808M-$814M vs. est. $789.1M com ($CRM) Q2 EPS $1.48 vs. est. $0.92; Q2 revs $6.34B vs. est. $6.24B; reports remaining performance obligation ended Q2 at approximately $36.2B, an increase of 18% YoY; current remaining performance obligation ended Q2 at approximately $18.7B, an increase of 23% YoY, 23% in constant currency; sees Q3 EPS $0.91-$0.92 vs. est. $0.81; sees Q3 revs $6.78B-$6.79B vs. est. $6.66B Snowflake ($SNOW) Q2 EPS ($0.64) vs est. ($0.15) on revenue $272.2M vs est. $256.5M; sees Q3 revenue $280M-$285M vs est. $292/3M, FY revenue $1.06B-$1.07B vs est. $1.11B; company now has 4,990 total customers and 116 with trailing 12-month product revenue above $1M Splunk ($SPLK) Q2 EPS loss (-$2.34) vs. est. loss (-$0.69); Q2 revs $606M vs. est. $562.8M; Q2 Cloud ARR was $976M, up 72% YoY while total ARR was $2.63B, up 37% YoY; reported 234 customers with cloud ARR greater than $1M, up 100% YoY; sees Q3 revs $625M-$650M vs. est. $635.4Ml sees FY revs $2.53B-$2.6B vs. est. $2.53B Zuora Inc. ($ZUO) Q2 Non-GAAP EPS loss (-$0.04), in-line with estimates; Q2 revs $86.5M vs. est. $83.4M; sees Q3 subscription revs $71m-$72M and total revs $86M-$87M vs. est. $85.4M; sees FY revs $340M-$342M vs. est. $338.2M; sees year EPS loss (13c-11c) vs. est. (9c) Technology NetApp Inc. ($NTAP) Q1 EPS $1.15 vs. est. $0.95; Q1 revs $1.46B vs. est. $1.43B; sees Q2 EPS $1.14-$1.24 vs. est. $1.13; sees Q2 revenue $1.49B-$1.59B vs. est. $1.52B; 1Q Product Rev Grew 16% YoY to $730M and Q1 Billings Increased 20% YoY to $1.38B Pure Storage ($PSTG) Q2 non-GAAP EPS $0.06 vs. est. $0.05; Q2 revs $496.8M vs. est. $469.48M; sees Q3 revs $530M vs. est. $495.15M; sees FY22 revenue $2.04B vs. est. $1.96B; sees FY22 non-GAAP operating income $150M; Q2 Subscription services revenue $171.9 million, up 31% year-over-year; Q2 GAAP gross margin 68.4%; non-GAAP gross margin 70.5% ON Semiconductor ($ON) announced that they have entered into a definitive agreement under which it will acquire GTAT for $415M in cash Analog Devices ($ADI) increases share repurchase authorization by $8.5 billion to approximately $10 billion Joyy Inc. ($YY) +7% after Reuters reported its two top shareholders, Chairman David Li and Xiaomi founder Lei Jun, aim to take the Chinese social media company private in a deal that may value it at up to $8B https://reut.rs/3DnlazS

ohh Earnings this week - $MRVL, $DKS, $SNOW, $PDD, $INTU, $JD all look juice

i got leaps in $AMAT, $MRVL, $AMD cuz semis are bae

YEEEEEET > @dros said: 750 $MRVL JAN2022 $75 Cs trade 2.04

750 $MRVL JAN2022 $75 Cs trade 2.04

750 $MRVL JAN2022 $75 Cs trade 2.04

$MRVL has been a bae since I suggested it Ben

52 week high on $MRVL

nice to see $MRVL break 60.

bull semi, $MRVL think good - BT69

ah yea, i dont really know too much abot mrvl then but i guess its alright

i guess my question was "do you like what you see in $MRVL as a company" not "do you think there will be a good options opportunity here in $MRVL"

i own shares of $MRVL. i have an option to buy @ $60 in JAN2022 but that is just in case it breaks out further and I don't wanna put more into it.

there's a lot of use cases for semiconductors. i am bullish on semis in general but i like $MRVL specifically because of their hardware security module (HSM) product offering that is being consumed by Azure. and in general the HSM space is really niche.

@Benlax did you check out that $MRVL ya punk ass

bto 1x JAN2023 $TSM $120 C bto 1x JAN2022 $MRVL $60 C (just in case the semi party continues!)

On CNBC's "Fast Money," Shana Sissel of Spotlight Asset Group spoke about Marvell Technology Inc (NASDAQ: MRVL). For the past few years, the company changed its legacy business model through strategic acquisitions and smart business planning and it's now focusing on end-to-end technology solutions for cloud data centers and 5G infrastructure.

"bought shares in $MRVL and $THLLY (OTC) because they are partnered with Microsoft for HSM (secure encryption/key storage) offering. Azure Key Vault Managed HSM uses Marvell LiquidSecurity HSM as the backend, Azure Dedicated HSM uses Thales SafeNet Luna 7s (formerly Gemalto before acquisition)"

@Benlax check out $MRVL

bought shares in $MRVL and $THLLY (OTC) because they are partnered with Microsoft for HSM (secure encryption/key storage) offering. Azure Key Vault Managed HSM uses Marvell LiquidSecurity HSM as the backend, Azure Dedicated HSM uses Thales SafeNet Luna 7s (formerly Gemalto before acquisition)

sold U, MRVL, TEAM, YETI, and NOW this morning for around 70-120% each

didnt know MRVL had er

Upside: -CYCN +16% (announces Global Licensing agreement with Akebia Therapeutics for Praliciguat; eligible to receive up to $585M in milestone payments) -SFIX +12% (earnings, guidance) -REVG +10% (earnings, guidance) -CHS +9.9% (earnings, guidance) -EVOK +8.4% (announces FDA Orange Book Listing of U.S. Patent for Gimoti) -ASO +7.2% (earnings, guidance) -MCF +6.6% (to be acquired by Independence Energy in all stock transaction valued at ~$5.7B) -JILL +6.3% (earnings, guidance) -MRVL +5.6% (earnings, guidance) -BYSI +4.8% (announces a Late-Breaking Poster Presentation of PROTECTIVE-2 Phase 3 Data) -THO +4.1% (earnings) -STX +3.7% (raises guidance) -TSLA +2.9% (strong China May passenger vehicle sales) -INO +2.6% (expands partnership with Advaccine to conduct global Phase III efficacy trial of COVID-19 DNA vaccine candidate, INO-4800) -OTLK +2.3% (reports completion of patient dosing in the ONS-5010 Pivotal Phase 3 NORSE TWO Trial) -FTCI +1.4% (earnings, guidance; raising prices) -LUV +1.2% (guidance) Downside: -PLBY -10% (files to offer 4.0M shares) -COUP -8.9% (earnings, guidance; Tony Tiscornia promoted to CFO) -TIGR -7.6% (files to sell 6.5M ADS) -HSTO -7.5% (announces 6.0M share direct offering priced at $1.10/shr) -LESL -5.7% (to sell 24.5M shares for holders) -HQY -5.5% (earnings, guidance) -KDP -4.9% (files to sell 28M common share secondary offering on behalf of Mondelez International) -FTCI -4.7% (earnings, guidance; raising prices) -FSLY -1.7% (hearing Fastly edge CDN platform is having issues causing internet outages) -ETSY -1.3% (files proposed private offering of $1.0B of convertible senior notes) -WBA -1.3% (AMZN reportedly to offer discounted pharmacy services targeting uninsured and those paying cash)

/*============================================= = Tuesday June 8, 2021 = =============================================*/ U.S. futures slip after several Internet websites went down this morning including New York Times, Reddit, Amazon.com Web Services (though many of them are starting to come back now). Futures dropped when it first appeared it was a potential cybersecurity breach but CNBC reported that Fastly ($FSLY) was down and maybe the reason for some of the outages, though still unclear at this point to what the direct driver is of the website outages. Fastly did say it is “investigating potential impact to performance with our CDN services,” on its service page. Prior to the Internet outages, U.S. futures weren’t doing very much, trading mixed to down slightly prior with Treasury yields lower (10-yr at 1.55%), along with a slide in oil prices and cryptocurrency (Bitcoin at 33K). U.S. equity futures were mixed, as inflation concerns continued to play on investors. Bitcoin fell, with some analysts suggesting the move may relate to the display of government control in the cryptocurrency space as the U.S recovered some of the Colonial Pipeline ransom. Stitch Fix and Marvell Technology gained following positive earnings results. Stocks finished mixed on Monday as the S&P 500 and Dow Jones Industrials finished with modest losses while the tech heavy Nasdaq Composite and Russell 2000 outperformed, paced by gains in the biotech sector as Biogen’s ($BIIB) FDA approval for its Alzheimer’s drug boosted optimism about futures FDA decisions on other drugs. In Asian markets, The Nikkei Index fell -55 points to 28,963, the Shanghai Index fell -19 points to 3,580 and the Hang Seng Index slipped -5points to 28,781. In Europe, the German DAX is down over 30 points to 15,640, while the FTSE 100 is up a few points at 7,080. Market Closing Prices Yesterday The S&P 500 Index slipped -3.37 points, or 0.08%, to 4,226.52 The Dow Jones Industrial Average fell -126.15 points, or 0.36%, to 34,630.24 The Nasdaq Composite climbed 67.23 points, or 0.49%, to 13,881.72 The Russell 2000 Index advanced 32.76 points, or 1.463% to 2,319.18 Events Calendar for Today 6:00 AM EST NFIB Small Business Optimism for May 7:45 AM ET ICSC Weekly Retail Sales 8:30 AM EST International Trade for April 8:55 AM ET Johnson/Redbook Weekly Sales 10:00 AM EST JOLTs Job Openings for April 4:30 PM ET API Weekly Inventory Data Earnings Calendar: Earnings Before the Open: $ASO, $CHS, $JILL, $NAV, $THO Earnings After the Close: $ABM, $AMSWA, $CASY, $CVGW, $LMNR, $ODC, $PATH, $STRM Other Key Events: China PPI and CPI data for May American Society of Clinical Oncology (ASCO), 6/4-6/8 Baird Global Consumer, Technology & Services Conference 2021 (virtual), 6/8-6/10 Deutsche Bank Global Consumer Conference (virtual), 6/7-6/10 Goldman Sachs Travel & Leisure Conference 2021 (virtual), 6/7-6/8 Goldman Sachs Healthcare Conference (virtual), 6/8-6/10 Goldman Sachs 25th Annual European Financials Conference (virtual), 6/8-6/10 Jefferies Healthcare Virtual Conference, 6/8-6/10 Oppenheimer Virtual Software & Semiconductor Bus Tour, 6/7-6/11 REITWeek 2021 Investor Virtual Conference, 6/8-6/10 UBS Global Industrials and Transportation Conference, 6/8-6/9 Macro Up/Down Last Nymex -0.58 68.65 Brent -0.60 70.89 Gold -5.30 1,893.90 EUR/USD -0.0013 1.2177 JPY/USD 0.17 109.42 10-Year Note -0.02 1.55% World News Germany Jun ZEW Expectations8 vs 86.0 consensus; Current Conditions -9.1 vs -27.8 consensus; Expecting strong recovery for next 6 months Eurozone Q1 GDP: q/q -0.3% vs -0.6% consensus; y/y -1.3% vs -1.8% consensus; Eurozone Q1 Employment Change: -1.8% vs -0.3% consensus Sector News Breakdown Consumer Chico’s FAS, Inc. ($CHS) said it has ongoing conversations with its shareholders, including Barrington, to discuss the Company’s strategy and operating plans and appreciates the input it receives Duckhorn Portfolio ($NAPA) 3Q adj EPS $0.17 vs. est. $0.07 on sales $90.4Mm vs. est. $76.1Mm Etsy ($ETSY) announces offering of $1B of convertible senior notes Keurig Dr Pepper ($KDP) announces offering of 28M shares of common stock for Mondelez Leslie’s Inc ($LESL) files for offering of 24.5M shares of common stock by the selling stockholders PLBY Group ($PLBY) files to sell 4M shares of common stock Stitch Fix ($SFIX) 3Q EPS loss ($0.18) vs. est. ($0.27) on revs $535.6Mm vs. est. $510.6Mm; qtrly active clients +20% to 4.1Mm; guides FY revs $2.07-2.08B vs. est. $2.04B, sees FY adj EBITDA $25-30Mm Superior Industries ($SUP) files $150M mixed securities shelf Vail Resorts ($MTN) 3Q EPS $6.72 vs. est. $6.54 on revs $889.1Mm vs. est. $882.1Mm; guides FY EBITDA $530-570Mm vs. est. $559.9Mm, sees FY net income $93-139Mm vs. est. $126.8Mm; Q3 total skier visits 7.19 million Wolverine Worldwide ($WWW) sees FY21 revs $2.24B-$2.3B vs. est. $2.28B; says 2q performance accelerated, fueled by strength of largest brands and product innovation Tesla ($TSLA) sold 33,463 China-made electric cars in May, including exports, a 29% jump from April, according to data from the China Passenger Car Association. China’s new electric vehicle sales surged 177% to 185,000 in May; overall passenger vehicle sales, however, rose just 1.1% to 1.66 million Thor Industries ($THO) Q3 EPS $3.29 vs. est. $2.34; Q3 sales $3.46B vs. est. $3.01B; revenues up 105.7%, gross profit margin improved by 240 basis points and earnings per share up 665.1% for the third quarter of fiscal 2021 Energy, Industrials and Materials Air Lease Corporation ($AL) announces delivery of new airbus a350-900 aircraft to world2fly Clean Energy Fuels Corp. ($CLNE) files for offering of up to $100 mln of shares of common stock REV Group ($REVG) 2Q adj EPS $0.39 vs. est. $0.20 on revs $643.6Mm vs. est. $636.2Mm; reinstates qtrly cash dividend in 2Q at $0.05/share; backs FY21 rev view $2.45B-$2.6B vs. est. $2.5B; boosts FY21 adjusted EBITDA view to $145M-$160M from $125M-$135M Southwest Airlines ($LUV) said May operating rev performed in line with co’s expectations, and represented a sequential increase compared with April 2021; based on current bookings, co expect sequential improvement in operating revenues in June 2021 compared with May 2021; said May 2021 business revenues were down approximately 77 percent compared with May 2019 Financials Costar Group ($CSGP) announces a ten-for-one stock split Cryptocurrency-exposed companies like Marathon Digital ($MARA) and Coinbase ($COIN) slide with Bitcoin and other digital tokens falling; Bitcoin prices down around the $33,000 level and Ethereum around $2,500 Pzena Investment Management Inc. ($PZN) preliminary total assets under management as of May 31, 2021 of $53.6 bln SelectQuote ($SLQT) will replace Cooper Tire & Rubber Co. (CTB) in the S&P SmallCap 600 effective prior to the opening of trading on Thursday, June 10 UDR ($UDR) raises guidance ranges as a result of continued strength in operating fundamentals and accretive external growth; sees Q2 FFO and AFFO per share to be at the high-end of its previously-provided guidance range of $0.47-$0.49 P. Carey ($WPC) 5.25M share Spot Secondary priced at $75.30 Healthcare Ironwood Pharmaceuticals ($IRWD) announces the appointment of Thomas McCourt, who has served as president and interim chief executive officer since March 12, 2021, as the company’s permanent chief executive officer HealthEquity ($HQY) Q1 adj EPS $0.38 vs. est. $0.32; Q1 revs $184.2M vs. est. $180.8M; sees year revs $755M-$765M vs. est. $755.5M Technology, Media & Telecom Coupa Software ($COUP) 1Q adj EPS $0.07 vs. est. ($0.19) on revs $167Mm vs. est. $151.1Mm; guides 2Q revs $162-163Mm vs. est. $161.6Mm, sees 2Q adj EPS loss $0.05 to $0.07 vs. est. ($0.09); guides FY revs $681-684Mm vs. est. $679.2Mm, sees FY adj EPS loss $0.14 to $0.20 vs. est. ($0.25) Jamf Holding Corp. ($JAMF) files for offering of up to 8.5M shares of common stock by selling shareholders Marvell Technology ($MRVL) Q1 adj EPS $0.29 vs. est. $0.27; Q1 revs $832M vs. est. $804.21M; Q1 64.3% non-GAAP gross margin; sees Q2 adj EPS 31c, plus/minus 3c vs. est. 30c; sees Q2 revs $1.065B plus/minus 3% vs. est. $1.04B; says non-GAAP gross margin is expected to be approximately 64% Zhangmen Education ($ZME)623M share IPO priced at $11.50

SELL -3 IRON CONDOR MRVL 100 (Weeklys) 11 JUN 21 48/50/48/46 CALL/PUT @1.48 LMT Its an overnight so management during the first 15 is important tomorrow.

/*============================================= = Monday June 07, 2021 = =============================================*/ Monday, June 7, 2021 Futures Up/Down % Last Dow 30.00 0.09% 34,772 S&P 500 -4.25 0.10% 4,224 Nasdaq -45.50 0.33% 13,721 U.S. futures are mixed to start the trading week as the Dow rises, S&P little changed and Nasdaq futures slide about 45 points as shares of U.S. tech giants decline after the Group of Seven (G7) advanced economies agreed this weekend to back a minimum global tax rate of at least 15% (watch shares of $AAPL, $AMZN, $FB, $GOOGL). Apple (AAPL) will kick off its annual Worldwide Developer Conference at 1 p.m. ET. In healthcare, all eyes on Biogen ($BIIB) as the company rises ahead of FDA decision on Alzheimer’s drug aducanumab as the FDA is set to decide on whether to approve company’s controversial Alzheimer’s disease drug. This weekend, Treasury Secretary Janet Yellen said President Joe Biden should push forward with his $4 trillion spending plans even if they cause an inflation spike into next year. She also told Bloomberg in an interview that slightly higher interest rates would be a plus. Other than that, a quiet day for economic data. Stocks climbed on Friday as the key May jobs report showed solid gains, boosting confidence in the economic comeback, while for the week, the S&P rose 0.62%, the Dow added 0.66%, the Nasdaq gained 0.48%. Bitcoin and most other top cryptocurrencies fell on Sunday on concerns that there may be a further crackdown on the industry in China and as a report from Goldman Sachs Group Inc. served as a reminder that institutional adoption may be a long process. In Asian markets, The Nikkei Index rose 77 points to settle at 29,020, the Shanghai Index rose 7 points to 3,599, and the Hang Seng Index slipped -130 points to 28,787. In Europe, the German DAX is up about 35 points to 15,725, while the FTSE 100 is up around 20 points to 7,090. Market Closing Prices Yesterday The S&P 500 Index jumped 37.04 points, or 0.88%, to 4,229.89 The Dow Jones Industrial Average rose 179.39 points, or 0.52%, to 34,756.39 The Nasdaq Composite surged 199.99 points, or 1.47%, to 13,814.49 The Russell 2000 Index advanced 7.16 points, or 0.31% to 2,286.41 Events Calendar for Today 3:00 PM EST Consumer Credit for April Earnings Calendar: Earnings Before the Open: $GII Earnings After the Close: $BBCP, $COUP, $HQY, $MRVL, $MTN, $NAPA, $REVG, $SFIX Other Key Events: American Society of Clinical Oncology (ASCO), 6/4-6/8 Deutsche Bank Global Consumer Conference (virtual), 6/7-6/10 Goldman Sachs Travel & Leisure Conference 2021 (virtual), 6/7-6/8 Oppenheimer Virtual Software & Semiconductor Bus Tour, 6/7-6/11 Macro Up/Down Last Nymex -0.39 69.23 Brent -0.43 71.46 Gold -5.90 1,885.70 EUR/USD -0.0015 1.2152 JPY/USD -0.04 109.48 10-Year Note +0.019 1.579% World News The G7 reached a landmark deal on Saturday to squeeze more money out of multinational companies such as Amazon and Google and reduce their incentive to shift profits to low-tax offshore havens. Hundreds of billions of dollars could flow into the coffers of governments left cash-strapped by the COVID-19 pandemic after the Group of Seven (G7) advanced economies agreed to back a minimum global corporate tax rate of at least 15%. Treasury Secretary Janet Yellen said President Joe Biden should push forward with his $4 trillion spending plans even if they trigger inflation that persists into next year and higher interest rates. “If we ended up with a slightly higher interest rate environment it would actually be a plus for society’s point of view and the Fed’s point of view,” Yellen said Sunday in an interview with Bloomberg News Sector News Breakdown Consumer Las Vegas is making a comeback according to Barron’s saying bookings at casino resorts have gone up, but convention and expo business still faces uncertainty after the pandemic. Among REITs, MGM Growth Properties ($MGP) and VICI Properties ($VICI) offer yields above 4%. Two major Las Vegas Strip players are MGM Resorts International ($MGM) and Caesars Entertainment ($CZR). Regional casinos Boyd Gaming ($BYD) and Red Rock Resorts ($RRR), which cater more to the local market, have gained more than MGM and Caesars since the end of last January. Avis Budget Group Inc ($CAR) board approved a $325 mln increase to company’s share repurchase authorization Lordstown Motors ($RIDE) said it received a notice of delinquency for late filing from the Nasdaq Stock Market because it has yet to file its 10-Q for the quarter ended March 31 Reckitt Benckiser Group Plc agreed to sell its Chinese baby-formula business to Primavera Capital Group for $2.2 billion as the company seeks to exit from the struggling sector. Reckitt will retain an 8% stake in the unit and sees net cash proceeds of about $1.3 billion Tesla ($TSLA) CEO Elon Musk told Twitter followers that the Plaid+ trim is “canceled” as the imminent, lower-priced ‘regular’ Plaid model is “just so good.” It’s the quickest production car ever, he claimed Energy, Industrials and Materials Peabody Energy ($BTU) files to say has entered into at market issuance sales agreement to offer and sell up to 12.5 mln shares of common stock Diana Shipping Inc. ($DSX) files for mixed shelf of up to $750 mln TimkenSteel ($TMST) announced it will increase base pricing on all special bar quality products by $50 per ton Trucker rating changes at Goldman Sachs as they upgraded CH Robinson ($CHRW) to Buy from Sell with a $108 price target saying asset-based truckload sector fundamentals are very robust right now with supply tight, demand strong and prices elevated, while the firm downgraded ArcBest (ARCB) to Neutral and Werner ($WERN) to Sell Financials Barron’s said Allegiance Bancshares ($ABTX), PNC Financial Services Group ($PNC), Pinnacle Financial Partners ($PNFP), SVB Financial Group ($SIVB) are banks that operate in regions where growth is booming, and they can benefit from loan growth sooner Realty Income Corp ($O) files mixed securities shelf Essex Property ($ESS) raises low end of core FFO guidance for Q2 and FY21 as now sees Q2 core FFO of $2.92-3.00 (prior: $2.84-3.00) vs. a consensus of $2.98; sees FY21 core FFO of $12.02-12.46 (prior: $11.46-$12.46) vs. $12.23 consensus. Visa ($V) upgraded to Overweight from Neutral at Piper Sandler and up tgt to $260 from $234 Healthcare Biogen ($BIIB) rises ahead of FDA decision on Alzheimer’s drug aducanumab as the FDA is set to decide on whether to approve company’s controversial Alzheimer’s disease drug. If approved, Biogen’s aducanumab would be the first treatment in more than a decade to treat the disease (other companies with Alzheimer treatments include $AVXL, $PRTA, $SAVA) ChromaDex Corp. ($CDXC) announced the launch of its flagship consumer product Tru Niagen(R) in Walmart, available in 3,800 stores across the United States. Walmart is the first major U.S. retailer to bring this well-studied healthy aging nutrient to stores Fate Therapeutics ($FATE) upgraded to Buy from Neutral at H.C. Wainwright Liminal BioSciences ($LMNL) shares jumped post-market Friday after the U.S. FDA approved Ryplazim for the treatment of patients with plasminogen deficiency type 1 (hypoplasminogenia) Iovance Biotherapeutics ($IOVA) announced updated clinical data for lifileucel from Cohort 2 in the C-144-01 clinical study in patients with advanced melanoma. The data were presented in an oral presentation at the ASCO 2021 Annual Meeting Novartis ($NVS) announced Phase 2 primary endpoint data showing investigational iptacopan – a first-in-class, oral, targeted factor B inhibitor – reduced protein in the urine, an increasingly recognized surrogate marker correlating with progression to kidney failure, and showed promise in stabilizing kidney function in patients with IgA nephropathy, or IgAN Technology, Media & Telecom Apple ($AAPL) will debut major software updates for the iPhone and iPad at its developers’ conference this week Software maker PTC ($PTC) is up 60% over the past two years, but it has more upside as it seeks to dominate the Internet of Things, Barron’s says. Autodesk ($ADSK) confirmed that it has submitted a non-binding proposal to acquire all the outstanding shares of common stock of Altium ($ALMFF) for A$38.50 Flextronics ($FLEX) forecasted that the chip shortage disrupting the car industry and the supply of consumer technology products will last until at least mid-2022 – Financial Times reported

MRVL er monday

$MRVL Catching a bid

RECAP 4/12 Chatter: $RVP + FDA 510K Clearance $NVDA + CPU, Server & Data Center Chips $INTC $AMD $XLNX - $NVDA Chips $MRVL + Partnering with $NVDA $NVDA + Guidance $GME + New CEO Search, Ecommerce shift $INTC + Auto Chips $GME + NFT & Crypto Job posts

new block on $MRVL May21 60C 1000

sold some MRVL at 5 in at 1.

adding some MRVL Oct 50s

little far > @dros said: 8000 $MRVL MAY2021 $65 Cs trade 0.27

8000 $MRVL MAY2021 $65 Cs trade 0.27

8000 $MRVL MAY2021 $65 Cs trade 0.27

added more MRVL may 50s

$MRVL 50C next week

MRVL may 50s

$MRVL and $VIAC

$MRVL 60C Apr

i have april .. maybe roll it up > @RedSunCap said: MRVL May 50s starting to look real juicy

MRVL May 50s starting to look real juicy

$MRVL 60C Apr16

MRVL is a pos