YieldMax DIS Option Income Strategy ETF

'Houthis say they don’t seek to close key Bab al-Mandeb Strait' - The Times Of Israel

What's Funny - These Cats Taking Pot Shots at Anakin in his POD Racer Now Control the $45T USA Stock Market Lol

Add to that the Kospi Margin Junkies and we got GUMBO Salad.

What's Your Assessment of the Situation Gunny?

It's a Cluster Fuck Sir....

Elon Musk is now worth more than some of the largest and most well-known companies in the world...

More than 6x the ENTIRE value of Disney $Disney(DIS.US)

More than 2x Costco $Costco Wholesale(COST.US)

And more than JP MORGAN... the largest bank in the United States. $JPMorgan Chase(JPM.US)

Wow.

A TON OF THINGS HAPPENED IN THE STOCK MARKET TODAY.

Here's a full recap:

1. Markets whipsawed throughout the day as Iran headlines shifted. Premarket stocks turned sharply green after reports suggested the U.S. was open to unfreezing Iranian assets and offering sanctions relief, reversing the weakness from overnight futures. At the open, sentiment flipped after headlines said the U.S. was rejecting Iran’s latest proposal and preparing for possible military action. Oil and bonds moved higher while stocks sold off, before equities rebounded intraday after President Trump said he would delay attacks on Iran as Middle Eastern officials pushed for a possible deal.

2. 13Fs are out. Berkshire Hathaway opened new positions in $Delta Air Lines(DAL.US) and $Macys(M.US) while also increasing its $Alphabet(GOOGL.US) stake by 200%. Berkshire also sold their entire $Unitedhealth(UNH.US) position. Chase Coleman of Tiger Global bought $Macys(M.US)ELI, $Lumentum(LITE.US), $Intel(INTC.US), $Xanadu Quantum Tech - B(XNDU.US) and $Robinhood Ventures Fund I(RVI.US). Stanley Druckenmiller sold $Alphabet(GOOGL.US) and bought $Sandisk(SNDK.US), while the Bill & Melinda Gates Foundation sold 100% of its $Macys(M.US)SFT position. Bill Ackman also sold Google and bought Microsoft. The top 10 buys last quarter across 80 of the largest institutional investors were $Macys(M.US)SFT, $Amazon(AMZN.US), $Macys(M.US)ETA, $Visa(V.US), $Sunbelt Rentals(SUNB.US), $Disney(DIS.US), $Uber Tech(UBER.US), $Adobe(ADBE.US), $Fiserv, Inc.(FISV.US), and $Waters(WAT.US).

3. SpaceX’s reported IPO plans continue to gain momentum, with the company expected to trade under the ticker $SpaceX(SPCX.US) and potentially go public around June 12. Reports suggest SpaceX is targeting an $80 billion raise at roughly a $2 trillion valuation, with a focus on expanding retail access to international brokerages beyond just U.S. platforms. Meanwhile, $SpaceX(SPCX.US) perpetual futures began trading on Hyperliquid at $208 per share, implying a valuation closer to $2.4 trillion — which would make it the largest IPO in history. Perpetual futures markets are increasingly being used to create liquidity and price discovery for private or non-liquid assets ahead of public listings.

4. OpenAI won its trial against Elon Musk, who argued the company “stole a charity” by transitioning toward a for-profit structure after he contributed tens of millions to help launch it. OpenAI’s defense said Musk was aware of and supported the for-profit plans early on, only opposing the company later after losing influence and starting rival AI firm xAI. The ruling appears to remove one of the biggest legal obstacles standing in the way of a potential OpenAI IPO.

5. Citi sees the server CPU market growing from $29.3 billion in 2025 to $131.5 billion by 2030, driven largely by the rise of agentic AI workloads. The bank expects the biggest growth category to be agentic CPU applications, forecasting the segment to grow at a 185% CAGR to $59.4 billion by 2030 — representing 45% of the total server CPU market. Citi’s projected 2030 market share breakdown is $Intel(INTC.US) at 47%, $AMD(AMD.US) at 34%, and ARM-based and other players at 19%.

6. Top option volume leaders today were led by $NVIDIA(NVDA.US) with 3.94 million total contracts traded, followed closely by $Tesla(TSLA.US) at 3.86 million. $Macys(M.US)SFT saw 1.12 million contracts, while $Apple(AAPL.US) traded 899K and $Amazon(AMZN.US) traded 762K contracts. Rounding out the top 10 were $Alphabet(GOOGL.US) with 701K contracts, $Macys(M.US)U with 657K, $Intel(INTC.US) with 655K, $Netflix(NFLX.US) with 445K, and $Macys(M.US)ETA with 441K total option contracts traded.

7. BofA reiterated $Netflix(NFLX.US) at Buy with a $125 price target, citing an expanding advertising opportunity. Analyst Jessica Reif Ehrlich noted that Netflix’s ad-supported tier has grown to more than 250 million monthly viewers globally, up from 94 million last year. BofA expects ad revenue to rise from about $1.5 billion in CY25 to roughly $3 billion in CY26 as Netflix expands ad formats, pricing, personalization, and international availability. The firm also highlighted new placements across mobile vertical video and podcasts, along with plans to enter 15 additional ad markets.

8. President Trump will swear in Kevin Warsh as the next chairman of the United States Federal Reserve on Friday. Kevin Warsh will be the wealthiest Fed Chair in history with an estimated net worth of $150M. He has publicly expressed support for crypto and believes AI will be deflationary.

9. $NVIDIA(NVDA.US) Nvidia invested in Decart as AI labs look for more flexibility across chips. Decart builds AI infrastructure software that helps developers run models across processors from Nvidia, Amazon, Google, and others. WSJ reports the startup raised $300 million at a nearly $4 billion valuation, led by Radical Ventures with participation from Nvidia. Its main product, the Decart Optimization Stack, helps developers move models between different hardware systems without rebuilding around each chip. Amazon is Decart’s biggest customer and has deployed its tech across Twitch, retail, and studios, while the company also builds real-time world models for interactive 3D environments.

10. OpenAI and $Dell Tech(DELL.US) are partnering to bring Codex deeper into enterprise infrastructure. Dell’s AI Factory and AI Data Platform help companies run AI workloads across hybrid and on-prem environments, and OpenAI is now connecting Codex into that stack. Codex already has over 4 million weekly developers and is used for code review, test coverage, incident response, and reasoning across large codebases. The next phase is broader enterprise agents that can gather context, prepare reports, route feedback, qualify leads, write follow-ups, and coordinate work across business systems.

11. $Macys(M.US)ETA is laying off 10% of it's staff. The layoffs are shaping up to be an AI-driven reorganization. An internal document says Meta will conduct layoffs globally in three batches at 4 a.m. local time, with North America employees told to work from home Wednesday. Leaders are also expected to announce broader organizational changes. Meta plans to move 7,000 employees into new AI workflow initiatives while eliminating some managerial roles. Reuters previously reported the May 20 wave would impact about 10% of Meta’s workforce.

12. The SEC is reportedly considering an “innovation exemption” that could allow tokenized stocks to trade on DeFi platforms. Bloomberg Law says the agency may permit third-party stock tokens even without approval from the public companies they track, meaning platforms could create tokens tied to names like $Apple(AAPL.US), $Tesla(TSLA.US), or $Amazon(AMZN.US) without issuer involvement. These tokens may trade outside parts of the traditional equity-market structure and may not include normal shareholder rights like voting or dividends. Platforms like $Robinhood(HOOD.US) and $Coinbase(COIN.US) along with Blackrock's Larry Fink have called for the eventual tokenization of everything.

WALL STREET IS THE GREATEST SHOW ON EARTH.

Source: amit

ValueAct Capital Portfolio Updates

$Toast(TOST.US) $Visa(V.US) $KKR(KKR.US) $Spotify(SPOT.US) $Wix.com(WIX.US) $Roblox(RBLX.US) $Meta Platforms(META.US) $Amazon(AMZN.US) $Live Nation(LYV.US) $MongoDB(MDB.US) $Rocket(RKT.US) $Disney(DIS.US)

A TON OF THINGS HAPPENED IN THE STOCK MARKET TODAY.

Here's a full recap:

1. $Cerebras(CBRS.US) Cerebras opened about 75% above its expected IPO price of $185, giving the AI chip company a roughly $100B market cap despite generating $585M in revenue last year. Ark Invest also bought 105,616 shares just one day after the IPO, adding more attention to the name. The momentum is set to continue with LeverageShares launching a 2x leveraged Cerebras ETF tomorrow morning.

2. President Trump submitted his latest stock purchase and sale disclosures to the White House Office of Ethics, with the filing reportedly spanning more than 100 pages and including thousands of trades. The disclosure is notable because it shows a sitting president actively trading individual securities rather than only holding assets like corporate debt, index funds, or Treasuries. Some of the names listed as purchases include $Palantir Tech(PLTR.US), $Robinhood(HOOD.US), $NVIDIA(NVDA.US), $SoFi Tech(SOFI.US), $Microsoft(MSFT.US), $Apple(AAPL.US), $Disney(DIS.US), $Visa(V.US), $Ulta Beauty(ULTA.US), $JPMorgan Chase(JPM.US), $Coinbase(COIN.US), $LYFT(LYFT.US), $Amazon(AMZN.US), and $Rocket Lab(RKLB.US).

3. The U.S. has approved around 10 Chinese companies to purchase Nvidia’s $NVIDIA(NVDA.US) H200, the company’s second-most powerful AI chip. Nvidia hit an all time high at $240 today.

4.Figure AI has been livestreaming its humanoid robots performing real warehouse-style package sorting tasks using its Helix-02 AI system. The robots pick up, scan, rotate, and place packages onto conveyor belts autonomously while operating for extremely long periods, including a reported 24/7 run after initially targeting an 8-hour shift. The livestream is meant to prove that humanoid robots can handle repetitive labor reliably and economically, rather than just perform flashy demos. Many viewers see it as one of the first convincing demonstrations of commercially viable humanoid labor, especially for warehouses and logistics. The robot has so far dealt with 34K packages live and has reached parity with a human worker that can do 3 every second.

5. The most traded stocks in the options market today were $NVIDIA(NVDA.US) with 5.0M contracts, $Tesla(TSLA.US) with 2.5M, $Nokia Oyj(NOK.US) with 889K, $Ford Motor(F.US) with 860K, $Ondas(ONDS.US) with 849K, $Intel(INTC.US) with 814K, $Apple(AAPL.US) with 752K, $Microsoft(MSFT.US) with 736K, $Strategy(MSTR.US) with 670K, and $Micron Tech(MU.US) with 644K.

6. Semiconductor leverage flows surged, with $SOXL, the 3x long semiconductor ETF, taking in a record $1.03B on Tuesday. At the same time, $SOXS, the 3x short semiconductor ETF, saw $230M of outflows, its largest daily withdrawal since late March. $TQQQ also added $161M, its biggest inflow since March 31, but $SOXL inflows were more than 6x larger as traders concentrated bullish exposure in semiconductors. Since the March 30 bottom, $SOXL is up 354%, its strongest 31-day gain since launching in 2010, while the $SOX semiconductor index is up 68%, its third-best 31-day run on record.

7. Retail investors are buying stocks at one of the fastest paces in years. Year-to-date retail equity inflows are ahead of every comparable period over the last seven years except 2021, and after slowing briefly in March, retail buying jumped sharply in April. The week ending May 1 ranked in the top 2% of weekly retail inflows since 2019, and at the current pace, individual investor purchases could surpass the 2021 record as soon as July. Retail options activity is also elevated, with average daily volume now at 1.57x January 2024 levels, the highest since the October 2025 peak.

8. SpaceX could release its IPO prospectus as soon as next week, according to CNBC, after confidentially filing in April. The company’s roadshow is expected to start June 8, with SpaceX reportedly targeting one of the largest public offerings ever following its merger with xAI at a combined $1.25T valuation. The IPO could raise around $70B-$75B, which would be more than twice the size of Saudi Aramco’s record 2019 listing.

9. AI data center demand is putting pressure on power costs across PJM, the largest U.S. grid, which serves 67M people across 13 states and Washington, D.C. Wholesale power prices averaged $136.53/MWh in Q1 2026, up 75.5% from $77.78/MWh a year ago. Capacity costs rose 398.1% year-over-year, while congestion costs increased 300.4% to $2B.

10. Tech layoffs have now passed 100,000 in 2026, with TNW reporting cuts across roughly 250 events this year. LinkedIn is reducing headcount by about 5% despite 12% revenue growth, while Cloudflare is cutting more than 1,100 roles, or about 20% of its workforce. AI is becoming a major driver of the reset, with Challenger citing it as the top reason for job cuts in both March and April and linking AI to 49,135 announced layoffs so far this year.

11. President Trump said President Xi told him China will not supply military equipment to Iran and supports a peace agreement. Trump also said Xi offered to help mediate the situation and work toward reopening the Strait of Hormuz, a critical shipping route for global oil flows.

12. The CLARITY Act advanced out of the Senate Banking Committee today in a 15-9 bipartisan vote. The bill would create clearer federal rules for crypto, including when tokens are treated as securities versus commodities. Crypto stocks rallied on the news, including Coinbase, as investors viewed it as a major step toward regulatory certainty. The bill still is not law and needs full Senate approval, House reconciliation, and final passage. The main fights now are over stablecoin rewards, anti-money-laundering rules, and ethics concerns tied to political figures profiting from crypto. $Grayscale Bitcoin Mini Trust ETF(BTC.US) Bitcoin passed $81,000.

WALL STREET IS THE GREATEST SHOW ON EARTH.

Source: amit

PRESIDENT TRUMP JUST SUBMITTED HIS STOCK PURCHASES/SALES TO THE WHITE HOUSE OFFICE OF ETHICS.

The document is over 100 pages and has thousands of trades.

This is one of the first times we've seen a sitting President actively trade securities and not just sit in corporate debt, index funds, or treasuries.

Here are some of the names that Trump bought:

$Palantir Tech(PLTR.US), $Robinhood(HOOD.US), $NVIDIA(NVDA.US), $SoFi Tech(SOFI.US), $Microsoft(MSFT.US), $Apple(AAPL.US), $Disney(DIS.US), $Visa(V.US), $Ulta Beauty(ULTA.US), $JPMorgan Chase(JPM.US), $Coinbase(COIN.US), $LYFT(LYFT.US), $Amazon(AMZN.US).

Source: amit

• Dow Jones rose over 600 points amid hopes for a peace deal and strong labor data.

• Oil prices fell nearly 7% due to potential diplomatic solutions. $XLE $ExxonMobil(XOM.US)

• $Automatic Data Process(ADP.US) report showed private-sector payrolls increased by 109,000 in April, exceeding expectations.

• Advanced Micro Devices reported a 43% earnings increase, driving stock prices higher. $AMD(AMD.US)

• Walt Disney's earnings beat expectations, with a refined guidance projecting 12% EPS growth. $Disney(DIS.US)

• Lam Research stock is recommended as a strong buy following significant earnings growth. $Lam Research(LRCX.US)

DIS 2Q26 FY First Take: The quarter slightly beat estimates. Management offered solid FY26 guidance and raised buybacks, easing market jitters around macro volatility and the new CEO transition.

1) Guidance beat: 2Q26 aligns with calendar Q1 and faced short-term headwinds from Middle East tensions and higher sports rights costs. Elevated oil prices can dampen travel demand and park revenue, while rights inflation pressured sports profitability.

While Parks and Sports were affected, Disney's resilience delivered a better-than-expected print. Total revenue rose 7%, with a slight QoQ acceleration. OPM was roughly flat YoY and improved 60bps vs. Q1.

Despite macro uncertainty, management guided constructively for Q3 and the full year, with tailwinds from a H2 film slate, new cruise itineraries, and post-integration streaming efficiencies.

1) Q3 segment OP is guided at ~$5.3bn, up 16% YoY, a sharp acceleration vs. 4% in Q2.

2) Full-year Adj. EPS growth guidance remains ~12% (vs. ~11% consensus); including the 53rd week, FY26 EPS would be up 16% YoY.

2) Streaming held up well: Q2 Entertainment revenue grew nearly 10%, with momentum accelerating QoQ. SVOD benefited from price increases and the release of premium titles such as 'Zootopia,' driving faster growth.

Meanwhile, OPM improved by 200bps vs. Q1. Streaming margin exceeded 10%, hitting the previously set full-year profitability target, and Disney plans to unify Disney+ and Hulu into a single platform this year to further enhance efficiency.

3) Parks show blue-chip resilience: Experiences revenue rose 7%, holding growth despite a tougher base. U.S. attendance fell 1% YoY amid the drag from Middle East tensions via higher oil prices, but expanded attractions and new cruise routes underpinned resilience.

4) Sports still in integration: Q2 Sports revenue was flattish, with margin down 100bps YoY. As one of the three strategic pillars highlighted by the new CEO, ESPN has been reshaping since H2 last year.

Initiatives include a flagship new platform and a cross-shareholding arrangement with the NFL. Disney also signed new content procurement/carriage agreements with WWE, MLB, and other providers.

Rights renewals for college football and the NBA came at higher costs, and WWE represents incremental content, weighing on near-term profitability. The company expects Q3 segment OP to decline 14% YoY.

5) Buyback raised: The full-year buyback budget was lifted to $8bn from $7bn. H1 repurchases totaled $5.5bn ($3.5bn in Q2), and dividends were $1.3bn.

On an annualized basis, buybacks plus dividends of ~$10.6bn imply a ~6% shareholder yield on a ~$178bn market cap. $Disney(DIS.US)

$Disney(DIS.US) Double Beat 🐭

Adj EPS: $1.57 vs $1.49 est

REV: $25.168B vs $24.760B est

Targeting $8 B in share repurchases FY2026

Expects double digit Adj EPS growth FY2027

Expects FY2026 Adj EPS growth of 12%

🟩 +4.19%