🚨 With the bulk of mega-cap Tech earnings coming this week, what stands out is how bullish retail investors have gotten on the hyperscalers in recent months even as those names have largely struggled. Over the past month, call buying made up 55% of the retail opening activity in the hyperscalers. In contrast, retail sentiment in the chip stocks appears more balanced, with call buying making up 46% of all opening activity, in line with the historical average
🚨 BREAKING: Negotiators from Iran and Oman are trying to reach an agreement to restart shipping through the Strait of Hormuz. One proposal is to reopen the strait’s so-called middle passage. Omani negotiators are optimistic they’ll be able to make an announcement signaling progress in the next few days
🚨 🚀 Amazon.com Inc. has requested permission from the US Federal Communications Commission to launch a direct-to-device network of 5,000 satellites to provide mobile services to cell phones from space, furthering the company’s competition with SpaceX