Oil Reserves taking a hit.
Finally getting to the recent high profile earnings.
Market Top Calls (again).
ALL TIME HIGHS – Then some consolidation (then highs again).
Situational Awareness Update.
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- Oil Reserves taking a hit
- Getting to the recent high profile earnings
- Market Top Calls (again)
- ALL TIME HIGHS - Then some consolidation
- Lets round out earnings
- Situational Awareness Update
Etsy - Layoffs With Better Numbers
- Etsy is cutting about 220 jobs, or 12% of its workforce.
- Management said the cuts were not primarily about cost savings or AI.
----- CEO Kruti Patel Goyal stated the restructuring aims to simplify the organization, remove management layers, and speed up decision-making to better compete against massive rivals like Amazon, Temu, and TikTok Shop
- Q2 revenue was about $668 million and core marketplace sales improved.
- Etsy also authorized another $2 billion share buyback.
- Comes after selling Depop to eBay for about $1.4 billion.
Polysilicon - Tariffs Plus Price Floors
- U.S. policy adds a 15% tariff and minimum import prices on polysilicon and solar products.
- Goal is to protect domestic production from low-cost foreign competition.
- U.S. share of global polysilicon capacity fell from about 50% in 2005 to under 2% in 2024.
- First Solar and T1 Energy jumped on the announcement.
---- The same playbook - rinse and repeat
Chipotle - Salmonella Returns
- Minnesota officials linked a salmonella outbreak to jalapenos served at Chipotle.
- Chipotle removed the affected pepper supply and switched growers.
- Shares fell roughly 8%-10% as investors remembered the company's earlier food-safety problems.
- This is on top of the lettuce situation with Sweetgreen- look