Summary of Jay Cooke Insights (2024-07-18)

· Domino's Pizza (DPZ) reported strong Q2 2024 results, surpassing analyst expectations on both top and bottom lines. Despite the solid performance, shares tumbled below key support at $475 and broke below its 200-day moving average, setting up a test of the 200-weekly level ($406). The company's growth was driven by robust global retail sales, strong same-store sales in the US, and positive international same-store sales. Domino's remains optimistic about its long-term growth prospects, underpinned by its strong operational performance and strategic initiatives. Domino'S Pizza(DPZ)

Link: https://www.ainvest.com/news/domino-s-shares-tumble-following-earnings-setting-up-key-test-of-support-at-200-weekly-240710105f74ed0cc5fbf85f

· Netflix (NFLX) is set to release Q2 '24 financial results, with Street consensus expecting revenue growth and improved operating income. Analysts will focus on subscriber growth, advertising revenue, content spending, free cash flow, valuation metrics, and geopolitical/market conditions. The company's robust performance has led to a favorable valuation, trading at 36x its '24 EPS of $18.43. Netflix(NFLX)

Link: https://www.ainvest.com/news/nflx-earnings-preview-what-to-watch-240710109b09073aba91d52e

· TSMC's earnings soared due to strong demand for AI-driven chips, driven by strategic investments in 3-nanometer and 5-nanometer technologies. Despite geopolitical concerns, TSMC's CEO emphasizes the company's resilience and critical role in the global chip industry, with plans to expand production capabilities globally. The company's robust growth reinforces its leadership position in the market, with a strong outlook for Q3 2024 revenue and full-year growth forecast revised to mid-20% range. TSMC(TSM)

Link: https://www.ainvest.com/news/tsmc-s-earnings-soar-on-ai-driven-demand-can-it-impact-current-rotation-240710105ff767e5ee153e58

· The upcoming July options expiration is projected to be a record-breaking event with $2.7 trillion of notional exposure expiring, driven by a rebound in growth for index and ETF options volumes. The event's relative size is higher than the average for July, with nearly half of S&P 500 options being zero-day options maintaining a balance between puts and calls.

Link: https://www.ainvest.com/news/what-to-know-about-tomorrow-s-options-expiration-24071010d75dd8bd3455aaf5

· Netflix's Q2 '24 results exceeded expectations, driven by strong subscriber growth (8.05M new paid memberships) and earnings ($4.88 EPS). Revenue was slightly above estimates at $9.56B. The company's ad business showed robust growth (34% quarter-on-quarter), with a focus on scaling the ad inventory and enhancing technology. Netflix(NFLX)

Link: https://www.ainvest.com/news/netflix-outpaces-subscriber-addition-expectations-results-behind-stock-s-wild-after-hours-ride-24071010faceda51ad044b8f