TMT Breakout

TMT Breakout

Share this post

TMT Breakout
TMT Breakout
TMTB: EOD Wrap
Copy link
Facebook
Email
Notes
More

TMTB: EOD Wrap

TMT Breakout's avatar
TMT Breakout
May 09, 2024
∙ Paid
1

Share this post

TMT Breakout
TMT Breakout
TMTB: EOD Wrap
Copy link
Facebook
Email
Notes
More
1
Share

Good afternoon - early one today...QQQs up 20bps as unprofitable tech rallied as yields dropped 2-5bps across the curve and investors began to expect a potentially weaker CPI print on Wed (MS out with a call today saying they expect inflation to begin to surprise to the downside with next week’s April’s CPI print). The last few CPI prints, we’ve seen IWM/unprofitable tech rally at the expense of Momentum 2 days before the print. Seems like some of the trade started today and it wouldn’t surprise if it was moved up 1-2 days given expectations are for a potentially weaker print this time around.

Internet

  • TTD +3% as investors liked the beat and raise and in particular the better than expected EBITDA numbers.

  • AMZN +1.3% breaking out to new ATHs. We think the story here is getting better with Yip showing AWS accel to 19% so far in Q2 and 3p showing retail tracking 2-3ppts ahead of street so far. We think a retail beat will flow through and likely help alleviate some retail top line/OI fears f…

Keep reading with a 7-day free trial

Subscribe to TMT Breakout to keep reading this post and get 7 days of free access to the full post archives.

Already a paid subscriber? Sign in
© 2025 TMT Breakout
Privacy ∙ Terms ∙ Collection notice
Start writingGet the app
Substack is the home for great culture

Share

Copy link
Facebook
Email
Notes
More