Also, the 10-year Treasury yield crossed 5% for the first time since 2007

But Elon denies it:

Reasons why I have a hard time investing in Boeing:

That being said, Boeing seems poised to sell more planes in the future. If they do, Honeywell and Raython will do well.

Honeywell makes the plane cabins. Precision instrumentation.

So I'm more inclined to buy $HON

$BA $RTX $HON

When $META reported earnings, they crushed it on ad revenue, and their stock popped.

When $SNAP reported earnings, their ad revenue sucked, and they plummeted.

Tonight $ROKU reports earnings, I'm expecting the bright spot to be ad revenue. Remember, Roku doesn't make a lot of money on the dongles and the low margin TVs. They make their money on the ad platform. That will shine through even if other results are poor.

The theme: If you own your own ad platform, and you show ad revenue growth, you're doing well.

Digital Turbine $APPS is one of the best as far as owning their own platform. They're currently trading at 10x forward p/e

Digital Turbine's earnings is August 14th.

The Trade Desk fits into this thesis as well, but $TTD has already run up so much I think the market has already priced in their positive results. I think $APPS is due to get it's number picked. They'er down -32% on the year.

Elon Musk and other execs on the earnings call warned production would slow down during Q3 due to shutdowns for factory improvements.

Results seemed mostly positive, but Elon's imprecise commentary around the Cybertruck, was disappointing.

Elon didn’t offer precise delivery volumes for the Cybertruck, only saying it would be produced “in high volume next year,” with an unknown quantity being delivered in 2023.

Cybertruck “factory tooling” is on track but the company is only producing “release candidate” builds.

They also mentioned a planned robotaxi-ready car.

Tesla shares are down -6.5%.

@siangeeeo has been super active buying in and out of Tesla:

Elon Musk tweeted out that Twitter platform usage was up 3.5% week over week, and included this chart:

But more interesting than a week-over-week usage number (which is just a small snapshot... we would want to see a larger window to understand how Twitter is actually trending) is the fact that only 17% of Twitter usage comes from the US.

Linda Yaccarino’s plan to turn Twitter profitable focuses on advertising revenue:

Elon doesn't have the golden touch with advertisers. ad revenue’s been in the toilet since Elon took over.

Not what you want to see for a company with an ad revenue-based business model.

Time to sit back and watch if Yaccarino can execute.

In exchange for a cash payment of $21.5 million, Overstock.com will receive all of the business IP (intellectual property), combined with all rights to collect royalties and other proceeds and payments in connection with said IP, that has previously been owned by Bed Bath & Beyond.

First, the good stuff:

• $CROX has excellent profitability.

• Revenue has tripled

• EPS turned from a loss to $8.82 in just five years.

Yet, it dropped over 20% from its recent high, and its forward PE ratio fell to 10, falling short of its 5-year average by around 50%.

For a company with significant growth prospects, this valuation seems cheap.

Why has it been dropping?

Here are the holes in the Cros thesis:

• The acquisition of HEYDUDE, a casual footwear brand

• Longer term liquidity issues

• Changing tastes / roll-off of pandemic interest

• HEYDUDE adds significant debt to Crocs' balance sheet.

• HEYDUDE's margins are much lower than Crocs. In 2022, the gross margin for the Crocs Brand was 56.3%, while the gross margin for HEYDUDE Brand was 40.8%.

Over a longer-term horizon, 2029 will be a challenging year for Crocs Inc. as a $350 million redeemable senior notes and the $2 billion term loan facility will mature.

Leisure footwear is a semi-discretionary product. During the pandemic, people who normally wouldn't buy Crocs because of the look did choose to buy for the comfort. But as the world returns to normal, it remains to be seen if these people will remain long term buyers of Crocs.

If you're thinking about buying $CROX, remember, Crocs have holes!

The New York times calculated that Twitter’s U.S. ad sales plunged 59%. This is in line with Elon's projection of $3B revenue for 2023, which would mean -41% vs. 2021.

The new CEO is Linda Yaccarino— she's great with advertisers, so she will probably succeed in bringing back some advertisers, but subscription revenue will still disappoint.

No consumer social app has succeeded with subscription revenue. All the top players, such as Meta and TikTok, have 90%+ of their revenue coming from ads. Consumers don't want to pay, and the companies can get a higher ARPU from advertising.

But if anyone can do it... maybe Elon can?