Genuine Parts Company’s Post

On January 31st, TRG initiated coverage of Louisiana Pacific (LPX, $70.02) and spent most of the report highlighting its near insurmountable moat in Siding, and the Siding business should continue to show rapid sales and more rapid EBITDA growth. In a note this week we highlighted how LPX is a loaded laggard, as its stock price has underperformed building product peers in TRG’s coverage on 3, 6, and 12- month basis. We believe this is unjustified and makes for a compelling entry point as there are many catalysts ahead: 1) 2023 had a unique combination of headwinds that are all resolved and create easier comps for this year, 2) LPX has historically outperformed SF starts by 8-10% and we favor companies with starts exposure over R&R exposure coming into 2024, and 3) LPX is holding an investor day at KBIS/IBS in which they could potentially update their long-term Siding margin guidance above the current 25% level. We expect the Siding segment will surpass that level in 2025. #trgbuildingideas https://lnkd.in/g_2eqzxV

Another interesting day for the ES and NQ. With both markets initially continuing to decline. The NQ fell harder and deeper than the ES, but both appear to have finished the corrective moves at session lows. NVDA reported earnings and drove prices quickly higher and then diving lower ( all within 2 minutes) before starting to rally without turning back. I have updated the labeling and the Fibonacci levels for what I continue to view as minute 5th waves (forming diagonal triangles) to complete Minor 5th waves, Intermediate C waves and in turn Primary B waves. Tomorrow pre market @8:30 AM EST - Initial Jobless Claims, @9:45 AM EST - S&P Services PMI & S&P Manufacturing PMI, @10 AM EST Existing Home Sales.

Want to follow in the footsteps of Parser, Big Change and Dent Global? Let us introduce you to the Business Enabler of the Year Award. This category is dedicated to those who enable the growth and development of other businesses. Have you helped your customers increase their sales or profitability? If this sounds like you, then be sure to check out what it takes to be a winner, along with details on how to enter, here: https://bit.ly/4b9FVzb #BBEA24 #BusinessEnabler #BritishBusinessAwards

🚨 NEW DEVELOPMENT: Mullen Automotive Files Lawsuit Against Large Stock Brokerage Firms, Including TD Ameritrade, Charles Schwab, National Finance Services and Others. The lawsuit alleges stock manipulation and unlawful stock trading practices. CEO David Michery stated, “I am extremely frustrated that so many of our shareholders have suffered losses that we believe were caused in large part by unlawful trading activities in our stock.” “MULN is one of the largest traded stocks on the NASDAQ, and it has seen a precipitous decline in value despite announcements highlighting many Company successes. I have been extremely frustrated by the performance of our stock and long-suspected illegal short-selling activities" "That is why we engaged Share Intel and the law firms of Christian Attar and Warshaw Burstein to investigate this matter further to protect the Company and its loyal shareholder base" "I am hopeful that this lawsuit sends a clear and unequivocal message to anyone considering any form of illegal trading of Mullen stock. Our company has a zero-tolerance approach when it comes to manipulative trading practices" "We believe the Company and its shareholders have been significantly harmed by certain traders and their brokers and market makers, such as the named Defendants in the lawsuit, that have facilitated this unlawful conduct. " "Rest assured, we will use all legal measures at our disposal to stop illegal trading activities and to protect the Company and its shareholders.” - CEO David Michery. #MULN #MullenAutomotive #Mullen #EVs #NASDAQ #Stocks #Stockmarket

Unlock the Potential: Vinit Bolinjkar of Ventura Securities Shares Top Auto Ancillary Stocks for Consideration. Explore growth opportunities and strategic investments in the auto sector. Watch: https://lnkd.in/gG6GDxks | Sakshi Batra Vinit Bolinjkar #markettoday #autostocks #investmenttips #newyear2024 #investment

The U.S. Securities and Exchange Commission has approved the clawback listing standards of the NYSE, NASDAQ and NYSE American, which will take effect on October 2, 2023. Learn how Canadian companies might be affected: https://lnkd.in/eA3S2-ut Michael Taylor, Cory Kent and Ravipal Bains #CapitalMarkets #RaisingDebtAndEquity #McMillanInsights

TXSE Group Inc. Announces Plans to Create the Texas Stock Exchange (PR issued this morning following y'day @dallasnews article) DALLAS, June 5, 2024 /PRNewswire/ -- TXSE Group Inc. announced today that it plans to launch the Texas Stock Exchange (TXSE), headquartered in Dallas. TXSE will focus on enabling U.S. and global companies to access U.S. equity capital markets and will provide a venue to trade and list public companies and the growing universe of exchange-traded products. TXSE will be a fully electronic, national securities exchange that will seek registration with the U.S. Securities and Exchange Commission -food for thought: -the IEX Exchange of "Flashboys" fame had 214M shares of daily matched volume this past May, a level they 1st achieved in Oct. 2018. -IEX's market share has been stuck at ~2.5% for 5 years.

$NVDA After market activity thus far has not matched the 8% suggested by options pricing, but post mkt NVDA does remain above intra-day peaks of 974. 2Q Revs at $28.0b above Est & a 10/1 stock split! I discussed in recent days the cycle for NVDA as well as likely projection into/post earnings. Tonight we'll talk SOX along w/ whats in store for Energy and Transports. @Marketsurge @IBDinvestors #IBDPartner

Good to see another positive set of half year results from the Plc behind UW https://lnkd.in/dcppGTrz Looking to hit 1m customers in the next few months With the following 1m to come in the medium term Each of these will be introduced by a partner somewhere in the UK. With the current competitive pricing, lack of rea lcompetition and the consumer appetite to seek out a deal it’s a really good time to get involved.

BOX Gears Up to Report Q2 Earnings: Here's What to Expect - Nasdaq: BOX Gears Up to Report Q2 Earnings: Here's What to Expect  Nasdaq #datagovernance #CDO #finperform