1/This Amazon piece in the WSJ this morning had excellent insights on the culture 2/ Amazon had been working on their own private label food business called Wickedly Prime and wanted to replicate the top 200 items sold at Trader Joe's , the grocery store chain with a cult like following. So what does Amazon do? Hire a Trade Joe Senior Manager of course and throw her in a room like the movie Saw.

Hindenburg missing completely the Regional Banks but nailing Square.

Come on boys lol We did it!

1/
$META increased R&D by 42% YoY last quarter.
This by far had the largest impact on Net Income.
A lot of this R&D is discretionary, and RL related.
If META reduces the speed of R&D, NI would directly be positively impacted, and they will. 2/
Looking at the Cash Flow Statement you can see Top line could've been much higher if R&D was tweaked lower.
By default, their Net Cash by Operating Activities would also be impacted positively.
Again, this is mostly discretionary I would guess.

1/

JP Morgan asked their equity analysts to identify the most compelling Overweight-rated investment ideas in their coverage universe:

Communication Services: $BMBL $EDR $MTCH $NFLX, $RCI/B $CN $TMUS $ZI 2/

Consumer Discretionary: $AMZN $BLMN $BYD $DG $DRI $FTCH $LVS $MAT $MCD $NKE $ROST $TGT $ULTA

Consumer Staples: $EL $LW $SOVO $STZ

Energy: $CVE $LNG $TRGP $TS $XOM